FAQ
FAQ

Frequently Asked Questions 

If you have questions about your home or auto insurance policy, our professionals can help. Below, please find some of the questions we encounter most frequently from our customers.

How Much Auto Insurance Do I Need?

In the state of Maine, all drivers are required to have liability insurance, medical payments coverage, and uninsured/underinsured motorist coverage. In most cases, the amount mandated by the state should cover your damages; however, you might consider additional coverage just in case. To determine what coverage you need, consider the type of car you drive, how often you drive it, your driving style, the value of your assets, and who is in the car with you.

How Do Insurance Companies Assess My Risk?

We use a Risk Assessment Indicator, which determines your risk factor using credit report information. These indicators are designed to accurately predict future claim activities, which helps to determine an appropriate rate.

How Can I Lower My Auto Insurance Rate?

There are a few things you can do to lower your auto insurance premium. The type of vehicle you drive helps determine your cost. Driving a safe, reliable vehicle can go a long way towards improving your premium. The more valuable your vehicle, the more it tends to cost to insure it. Consider switching vehicles or adding safety features (anti-lock brakes, security devices, etc.) in order to lower your premium.

One of the most important factors when determining auto insurance premiums is your driving record. If you have high premiums, consider changing the way you drive. The less risk you pose, the lower your premiums will be.

Does My Homeowners Insurance Policy Cover Jewelry?

A standard homeowners insurance policy will have limited coverage available for valuables. If you have jewelry with a value higher than the standard limit, you might want to consider purchasing a floater for your plan, which provides additional coverage. Our professionals can help you choose a policy and floater if you have any questions.

When Should I Consider Adding to My Home Insurance Policy?

Anytime you change something significant about your property or its contents, you should contact your insurance agent to review your home insurance policy. These changes include putting an addition on your home, starting a business from your home, making a major purchase, or even purchasing additional property. 

What Exactly Does my Auto Insurance Cover?

Your auto insurance policy covers you and your vehicle, as well as others involved in an auto accident with your vehicle. While every situation is different, dependable coverage like that from Champoux Insurance Group is your best bet toward a less stressful experience after the events occur. 

Why is Homeowners Insurance Important?

In the state of Maine, it’s not uncommon to see damage to your home after a storm. Disaster isn’t necessarily impossible, and it’s important to have your property covered if anything ever happens. You’ve worked hard for what you own and deserve to have a backup plan in case the worst occurs.  

 How Do I Know Which Policy to Get?

This is when it is important to work with or partner with an operation or agent that is transparent and dependable. The right insurance agent will work with you to figure out which option is best for you, your family, and your property. It’s always best to air on the side of caution, do your homework, and work with trusted individuals who have your best interests in mind.

How Do I Get Homeowners Insurance?

When you begin your search, we recommend shopping for the right partner in the process. Champoux Insurance Group works exclusively with home and auto owners in the state of Maine, ensuring that everything they need is taken care of, without signing you up for anything unnecessary. When you’re ready to begin, so are we.

What are Some Examples of When I Would Use Homeowners Insurance?

Situations that might necessitate home or homeowner’s insurance coverage include:

 

  • Fire Damage
  • Wind Damage
  • Theft
  • Vandalism
  • Water Damage
  • And More

Contact Us to Learn More About Our Auto, Home, & Life Insurance Options

If you have any questions or concerns, please feel free to contact one of our agents. Whether you’re in need of insurance or interested in switching, we’re here to help. We can tailor an auto, home, or life insurance policy to better fit your needs and budget. We’re proud to provide top-notch insurance options to residents across Lewiston, Auburn, Turner, ME and the surrounding regions!

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