Frequently Asked Questions

1. Should I take the time to review and read my insurance policy?

• Yes. While your insurance agent can explain your coverage to you in a broad sense, insurance policies are contracts and you should always read them thoroughly. You should then ask your agent specific questions that you may have.

2. Does my policy cover damage to my property by flood (rising water)?

• No and yes.
  Your automobile insurance policy (if it includes physical damage coverage) will include coverage for damage by flood.
  Your business property and home insurance will not provide coverage for damage by flood. Coverage for your home and business property can be secured through the Buhl Insurance Agency, but it is always a separate policy. Please call our office for a quote.

3. If I carry the minimum amount of insurance that is required by law, by my landlord, or by a client, will I always have sufficient coverage for the things for which I may be responsible?

• No. While some of the minimum coverage required may seem higher than you think necessary, remember that you will only know you were inadequately insured if your claim is for an amount greater than the coverage that you have. You need to evaluate your asset situation and decide on an amount of coverage that is sufficient to cover your assets and protect your business and family.

4. If I conceal information or make dishonest statements on an insurance application or in connection with an insurance claim, have I broken a law? Can this kind of behavior affect my coverage?

• Yes and yes. In the state of Florida, such conduct is a misdemeanor criminal act. Furthermore, the misrepresentation of material facts can result in the insurance company denying payment for a claim.

5. Are all insurance companies the same?

• No. Some factors should be taken into account when you make a decision about buying insurance from a specific company: the number of years in business; whether the company is a mail order or telephone support company, or the company does business with local independent insurance agencies that have an office in your community; the company’s financial stature; claims payment patterns; and the overall quality of the management of the insurance company. These factors are reflected in a rating given to insurance companies by the organization A.M. Bests (http://www.ambest.com).

6. Are all insurance agents the same?

• No! The Buhl Insurance Agency has been in business since 1949. The owners, Karl and Burt Tramer, and their staff offer more than a hundred years of insurance experience to assist you with your insurance needs.