No. CHOICES will pay last and only if the other insurance policy has not paid fully. Because of this, we do not recommend that you buy CHOICES if you intend to maintain a traditional home insurance policy.
No, CHOICES covers full perils.
CHOICES is an alternative solution to those persons who wish to insure, but who are unable to afford the cost of insuring for full replacement value or who are opposed to the penalty of under-insurance.
CHOICES adds to the variety of products that we offer to our customers. If existing customers decide to change from traditional Home Insurance to CHOICES, that would be an indication that we have developed a product that our Customers want. We know of no better way to gain Customers than by giving them a product that they want at a price they can afford.
The company will pay up to the sum insured, less the applicable deductible. We wish to remind you that CHOICES is a first loss policy which means that you are insuring for less than the full value of your property and thereby assuming a level of risk.
We know of no other insurance market that offers this type of product to homeowners. Developing the product required us to firstly arrange suitable reinsurance and then create great coverage at an affordable price. We are convinced that Choices meets these goals and we are happy to have it ready in time for the 2008 hurricane season.
We have engaged BANKS & COMPANY to conduct the inspection. We have done business with them for many years and are sure that you will find them to be very professional.
The inspection will be done within 48 hours and we will contact you with our quote the next day, so the whole process takes just 3 days.
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