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Dewar Insurance Agency

Insurance, USA, Texas, Houston

Providing comprehensive insurance solutions with personalized service and expertise to protect what matters most.

About Dewar Insurance Agency

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Basics

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Founded
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Employees on Linkedin
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Main Office
United States of America, Texas state
Official Website
http://www.dewarinsuranceagency.com
Location Address Official Phone Email
United States of America, Texas state 123 Main Street, Houston, TX 77002 **** ****
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FAQs – Dewar Insurance Agency

Does flood insurance cover vehicles?

No, flood insurance does not cover vehicles. However, comprehensive auto insurance typically covers flood damage to your car. If you live in a flood-prone area, consider adding comprehensive coverage to your auto policy for protection against flood-related damage.


How does reimbursement differ from indemnity in insurance?

Reimbursement refers to the insurer compensating the policyholder for actual expenses incurred after a covered event. Indemnity, on the other hand, is a principle in which the insurer pays the policyholder a set amount based on the loss, regardless of expenses.


How does Claim Settlement Ratio affect premium costs?

Insurers with high CSR may charge slightly higher premiums due to their higher claim payouts, whereas those with lower CSR may keep premiums lower but reject more claims.


Can I use UBI if I drive multiple cars?

Some insurers allow UBI participation for multiple vehicles, but each car may need its own telematics device or app. If you frequently switch between cars, ask your insurer how they handle multiple vehicles and whether you can track all of them under a single UBI policy.


Can copayments vary based on the service type?

Yes, copay amounts often differ for primary care visits, specialist visits, emergency room visits, and prescriptions, with higher copays generally applying to specialists and emergency care.


Will renters liability insurance cover damage to a neighbor’s property?

Yes, if you accidentally damage a neighbor’s property, such as causing a fire or water damage, your policy may provide coverage.


How do insurers and reinsurers settle claims under treaty reinsurance?

Under proportional treaties, claims are shared based on the pre-agreed percentage, while in non-proportional treaties, the reinsurer pays only if losses exceed the retention limit. Settlement terms are outlined in the treaty, ensuring efficient claims processing and reimbursement.


How does the Affordable Care Act (ACA) impact health insurance grace periods?

Under the ACA, policyholders receiving subsidies on the health exchange have a 90-day grace period to pay overdue premiums, but claims may be delayed after the first 30 days.


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