Frequently Asked Questions

We know first hand that insurance can be confusing. This is why we've created an easy-to-read library of answers to commonly asked questions.

You've worked hard to build a solid financial footing for you and your family, so you want to be sure that everything is protected. Accidents and disasters can and do happen, and if you aren’t adequately insured, it could leave you in financial ruin. You need insurance to protect your life, your ability to earn income, and to keep a roof over your head. As you evaluate the potential gaps in your insurance coverage, consider which policies you may want to include your short- and long-term financial plan.

The Powell Agency offers all new clients a comprehensive risk management review that focuses on what you want your insurance to do for you, what's most important to you as well as your near-term goals, long-term goals and desired outcomes.

The “replacement cost” of your house and the market value of your house are two separate amounts. When you insure your house, you are insuring the replacement cost, or the cost to replace your house in the event it was destroyed. Having your house insured for the true “replacement cost” of your home is a critical consideration in getting your life back to normal in the case of a disaster.