Russo Insurance Agency Home Page
Alternate Content
Get A Quote

Frequently Asked Questions

Below are some frequently asked questions.  If you have any additional questions please feel free to contact us via email or phone, or come and visit us at a location near you.

  1. How does a condo/townhome owner obtain a Certificate of Insurance?
  2. What is an HO6 Policy and do I need one?
  3. What is auto insurance?
  4. Why do you need auto insurance?
  5. What is Homeowners insurance?
  6. Why do you need homeowners insurance?
  7. What is an Association Master Policy?
How does a condo/townhome owner obtain a Certificate of Insurance?
By going to http://eoidirect.com/ and following their step by step directions you will be able to print a copy of your Certificate of Insurance right away.
_______________________________________________________________________


Back to Top

What is an HO6 Policy and do I need one?
An HO-6 policy refers to policies specifically designed for Condo/Town home owners. The Condo Association's Master Policy usually covers the building structure and common areas, but your HO-6 coverage is what protects your General Liability as well as your personal belongings. HO-6 policies can also cover improvements and or other additions to your property not covered by the Master Policy. Personal liability insurance is your responsibility, as a homeowner, if someone is injured in your unit, you may be considered responsible for the losses that occur.

_______________________________________________________________________

Back to Top

What is auto insurance?
Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy

Auto insurance provides property, liability and medical coverage:

  • Property coverage pays for damage to or theft of your car.
  • Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
  • Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses
An auto insurance policy is comprised of six different kinds of coverage. Most states require you to buy some, but not all, of these coverages. If you're financing a car, your lender may also have requirements.

Most auto policies are for six months to a year. Your insurance company should notify you by mail when it's time to renew the policy and to pay your premium.

_______________________________________________________________________


Back to Top

Why do you need auto insurance?

It's really all about protecting yourself financially.

  • If you're in an accident or your car is stolen, it costs money, often a lot of money, to fix or replace it.
  • If you or any passengers are injured in an accident, medical costs can be extremely expensive.
  • If you or your car is responsible for damage or injury to others, you may be sued for much more than you're worth.
  • Not only is having insurance a prudent financial decision, many states require you to have at least some coverage
_______________________________________________________________________

Back to Top

What is Homeowners insurance?
Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself and the things you keep in it.

Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.

Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance. You must buy two separate policies for flood and earthquake coverage. Maintenance-related problems are the homeowners' responsibility.

_______________________________________________________________________

Back to Top

Why do you need homeowners insurance?

It is really all about protecting yourself financially if something unexpected happens to your home or possessions. That's important because chances are your home is likely one of your largest investments.

  • If your home was destroyed by fire or damaged by a natural disaster, you'd need money to repair or replace it.
  • If a guest in your home is injured, liability protection and medical coverage help pay expenses.
  • If you are a victim of theft and vandalism, it can reimburse you for your loss or pay for repairs.
  • If you are still paying for your home, your lender will require insurance
It is important to know that homeowners insurance is meant to cover unexpected damage, not routine maintenance. Ask your agent to talk about what is covered and be sure to read your policy so you know exactly what's included and what is not.

_______________________________________________________________________

Back to Top

What is an Association Master Policy?
Your condo association has a master insurance policy that covers the outside of the building's structure, including the roof and common areas such as pools and sidewalks. 

The master policy does not insure the inside of your unit or any of your personal belongings. The master policy does not provide you with personal liability coverage.

_______________________________________________________________________

Back to Top