FAQ

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What types of insurance does

Voyage help with?

Voyage helps clients evaluate a variety of insurance solutions, including:

• Auto insurance

• Homeowners insurance

• Renters insurance

• Condo insurance

• Umbrella liability coverage

• Flood insurance

• Recreational vehicle coverage

• Motorcycle insurance

• Boat insurance

• Valuable personal property coverage

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Why is it important to review

insurance coverage regularly?

Life changes, property values, vehicle usage, and insurance markets can all change over time. Regular reviews may help ensure coverage remains aligned with your current needs and circumstances.

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How often should insurance

policies be reviewed?

Insurance policies are commonly reviewed annually or after major life events such as:

• Purchasing a home

• Buying a new vehicle

• Renovations or home improvements

• Marriage or divorce

• Adding drivers to a policy

• Starting a business

• Relocating

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What factors affect auto

insurance premiums?

Several factors may influence auto insurance rates, including:

• Driving history

• Vehicle type

• Annual mileage

• Location

• Credit-based insurance factors (where permitted)

• Coverage selections

• Deductible amounts

• Claims history

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What does homeowners

insurance typically cover?

Homeowners insurance policies commonly provide coverage for:

• Dwelling damage

• Personal property

• Liability protection

• Additional living expenses after covered losses

Coverage terms, exclusions, and limits vary by carrier and policy.

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What is an insurance deductible?

A deductible is the amount a policyholder is generally responsible

for paying before insurance coverage applies to a covered claim.

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What is liability coverage?

Liability coverage may help provide financial protection if the policyholder

is found legally responsible for injuries or property damage involving another party.

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What is umbrella insurance?

Umbrella insurance provides additional liability coverage above the limits of underlying home or

auto insurance policies. It may help provide broader protection in certain liability situations.

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Is flood damage covered under

homeowners insurance?

Standard homeowners insurance policies typically do not cover flood damage.

Separate flood insurance coverage may be needed depending on the property

location and risk exposure.

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What should someone do after

an auto accident?

Following an accident, policyholders should prioritize safety, contact emergency services if necessary,

document the incident, exchange information with involved parties, and notify their insurance carrier.

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How can bundling insurance policies help?

Bundling multiple policies with the same carrier may provide convenience and could

result in premium discounts depending on the insurance provider.

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What is replacement cost coverage?

Replacement cost coverage is designed to help cover the cost of repairing or replacing

covered property without factoring in depreciation, subject to policy terms and limits.

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What is the difference between

replacement cost and actual cash value?

Actual cash value generally factors depreciation into claim payments, while replacement cost coverage may reimburse based on the cost to repair or replace the item at current market prices.

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What information is

needed for an insurance quote?

Common information requested may include:

• Driver and household information

• Vehicle identification numbers (VINs)

• Property details

• Current insurance declarations pages

• Claims history

• Desired coverage levels

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Can insurance rates increase even without claims?

Yes. Insurance premiums may change due to broader market conditions, inflation,

carrier rate adjustments, regional claim trends, or changes in underwriting guidelines.

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What is uninsured or underinsured motorist coverage?

This coverage may help provide protection if an accident involves a driver

who has insufficient insurance coverage or no insurance at all.

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What is personal property coverage?

Personal property coverage may help protect belongings inside a home, condo,

or rental property, subject to policy terms, exclusions, and coverage limits.

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Why is risk management important for homeowners?

Unexpected events such as storms, theft, fire, or liability claims can create significant financial strain.

Insurance coverage is one component of a broader risk management strategy.

 

Does Voyage compare insurance

options from multiple carriers?

Voyage works to help clients evaluate coverage options and insurance solutions based on their individual needs and circumstances.

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How can someone get started?

The process typically begins with a conversation about current coverage, goals, and potential

areas of concern. From there, Voyage can help review available options and discuss possible next steps.