Nebraska Insurance FAQs

• Q: What Affects Home Insurance Prices?
  A: There are many factors that may affect home insurance rates. The following are the most common: Types of Construction Frame houses usually cost more to insure that … More
• Q: Why Should I Buy Home Insurance?
  A: Owners should buy home insurance to protect both their home and their personal property. Tenants should buy home insurance to protect their furniture and personal … More
• Q: What Is The Difference Between Replacement Cost Vs. Actual Cash Value?
  A: Replacement Cost is the amount it would take to replace or rebuild your home or repair damages with materials of similar kind and quality, without deducting for … More
• Q: What Is Private Mortgage Insurance?
  A: If you put less than 20% down when purchasing a house, many lenders require you to buy Private Mortgage Insurance (PMI) to cover the remainder of the 20% and to … More
• Q: What Is Credit Insurance?
  A: Credit life insurance pays in the event of the debtor's death. Credit accident & health (or disability) insurance covers loan payments due while the debtor is ill or … More
• Q: What Is An Assignment?
  A: An assignment is the signed authorization by the policyholder for the insurance company to pay benefits directly to the hospital, doctor, or other provider.
• Q: What Is A Legal Service Representative?
  A: A legal service representative is an individual appointed to represent a legal service insurance corporation that has been authorized by NDOI to conduct a prepaid … More
• Q: What Is A Beneficiary?
  A: A beneficiary is the person designated or provided for by the policy terms to receive the proceeds upon the death of the insured.
• Q: What Are Benefits?
  A: Benefits are the dollar amount payable by the insurance company to the claimant, assignee, or beneficiary under any valid policy.
• Q: How Long Does A Company Have To Settle A Claim?
  A: The UNFAIR CLAIMS SETTLEMENT PRACTICES ACT gives a company 30 days to investigate a claim, with some exceptions. The insurer should provide the necessary claim forms … More
• Q: Can The Company Refuse To Renew My Auto/Homeowners Policy?
  A: Yes, a company can refuse to renew a policy for almost any reason. An insurer must give you 30 days notice and the specific reason for their refusal to renew.

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