RMIS - ROBERT MORENO
Whether you are a new professional to the insurance
industry or a young insured, at RMIS, we understand that the insurance world may
seem like a foreign language sometimes. We would like to offer you our resources
to help answer your questions and assist you in your insurance sales or
PERSONAL AUTO POLICY
I need auto insurance?
are driving you are required by California State laws to be financially
responsible. This requirement is best satisfied through your insurance
Auto insurance protects your investment and guarantees you a way of
coping with the expense of accidents, vandalism or theft, as well as securing
your financial responsibility to the bank or other institution lending the money
to buy your vehicle. Insurance offers you the peace of mind and helps you live
up to that financial responsibility by ensuring your ability to cover the costs
of potential damages or injuries.
What coverage do I
California, at minimum, you need liability insurance to register and operate a
vehicle. Depending on your needs, you should always consider purchasing enough
coverage to protect all of your assets and ensure that you can be financially
responsible if you injure someone in an accident. You may also want the added
coverage of a Personal Umbrella Policy. (Excess Liability) depending on your
assets and need for coverage.
Injury Protection (BI)
Protects you against financial loss if someone is injured or killed
by your auto and you are found responsible. Your legal expenses and court costs
would also be included for a covered suit, as would your bail bond
Property Damage Liability
Covers you against
financial loss if you are found liable for damage to other people's property
caused by your auto.
Collision and Comprehensive Coverage
Collision - Pays the actual cash value of damages to your
covered auto (up to the auto's actual cash value) caused by an impact with
another vehicle or object. The amount of your deductible will be subtracted from
any settlement. You may want to consider this coverage if your auto is seven
years old or newer.
Comprehensive - Pays for losses to your covered auto
(up to its actual cash value) which are not caused by collision. This includes
damage caused by fire, theft, glass breakage, riot, windstorm and hail. The
amount of your deductible will be subtracted from any
Amount you pay out of pocket before the
insurer covers the expense in the event of an accident. Just remember the higher
the deductible the lower the premium.
Pays up to
your policy limit for reasonable medical expenses incurred within three years of
an accident. Medical payments Coverage applies to everyone in your auto.
Uninsured Motorist Coverage
Pays damages to YOU for bodily
injury or death caused by an uninsured driver or hit and run driver who is
legally responsible for the accident. Uninsured Motorist coverage protects you
and anyone riding in your vehicle if you are involved in an accident with
someone who has no insurance. Even if your state requires insurance coverage,
there are those who ignore the law. Should you be injured due to someone else's
irresponsibility, Uninsured Motorist will cover your medical expenses up to the
limit on your policy.
Underinsured Motorist Coverage
Protects the insured against
drivers who have auto liability but who have inadequate coverage limits for a
loss they have caused. Limits are typically the same as the insured's liability
Road Side Assistance
We offer National Safe Driver (NSD) membership to all of our
auto policies. Ask your producer about adding NSD to your existing RMIS auto
If you would like to add or increase any of these coverages above and
you are a RMIS insured, please click here for further instructions.
How are insurance rates
All insurance companies use actuary science to
set the premium by assigning each risk with a number. Applicable factors are
taken into consideration and vary depending on the type of risk the company is
What is GAP insurance?
GAP insurance pays
the difference between the amount your insurer pays for your totaled car and the
amount you owe on your lease or loan.
What is CAARP?
Automobile Assigned Risk Plan (CAARP) provides a source of auto Liability,
medical Payments and Uninsured Motorist insurance for vehicle owners and drivers
who cannot obtain coverage in the voluntary market. Coverage is available for
personal and commercial auto exposures.
with RMIS? Please ask your producer about our other programs.
Why do I need a Homeowner
Homeowners insurance protects you
against the uncertainties of life. For most people, homeowners insurance is a
low cost investment that goes a long way protecting your most valuable asset as
well as you, the members of your family and your household possessions.
Imagine if you were to lose your home suddenly due an unforeseen event
such as a fire or other peril or have the contents damaged or stolen, like most
of us, you probably could not afford to replace everything all at once. And if
somebody sued you for an injury or damage caused by you or your property, the
price of defending that suit could run into thousands of dollars in legal fees
alone and you could be forced to dip into your assets (your home) to pay off the
package policy protects you from these situations and gives you the peace of
mind that you deserve.
In addition, for mortgage reasons, you are also require by
financial lenders to purchase homeowners insurance. Mortgage companies require
an insurance policy to protect that investment.
What is the difference
between a Homeowner Policy and a Dwelling Fire Policy?
|More coverage and more expensive than Dwelling Fire
||Less coverage - Great for rental properties|
|Covers the dwelling for all risk except those excluded
||Do not require owner to live in the house|
|Liability is always included
||Usually for secondary homes or seasonal homes|
|Personal property is included and covered on a worldwide
||Renting to other is permitted|
|Owner must reside in home
||Liability is an optional coverage|
||Theft is not covered peril|
covered in my homeowner's policy?
Your homeowners insurance is vital
because it protects what is probably your greatest investment. The following
coverage definitions should help you to better assess your homeowner's policy.
Please be sure to consult your insurance company representative to assure that
you have the right coverage for your individual needs.
Protects your actual home itself. The dollar amount carried to
cover your home and any structures attached directly to it. Ideally, the amount
of coverage you carry should equal the cost of rebuilding your home after a
total loss. This coverage does not apply to land, including land on which the
dwelling is located.
structures set apart from the dwelling on the residence premises, such as a
detached garage. This coverage applies up to the limits provided in your policy
and can be increased if necessary.
Personal Property Coverage:
coverage provides worldwide coverage for personal property owned or used by the
Loss of Use:
This coverage is available when you cannot live
in your home due to a covered loss. It pays living expenses which go over and
above your normal living expenses up to the limit provided in your policy.
Covers risks for the insured and family
members living with them related to the described premises and to the personal
activities of the insureds on or off the premises. Protects and provides for
your legal defense against a liability claim--whether the claim is legitimate or
not and it will pay any court judgments against you up to the policy limit.
This pays emergency medical bills for anyone
injured on your property or any injury caused by a member of your family or a
pet, regardless of where it happens. All bills are paid, up to your policy
limit, whether or not you're legally responsible.
have many other optional features available to you depending on your individual
needs. These include earthquake and scheduled personal property coverage.
The program features or coverage descriptions above are general and for
information purposes only. Please review your policy's terms and conditions
carefully for actual claim coverage in the event of a
( PRODUCERS, THE FOLLOWING SHOULD HELP YOU QUOTE AN
Physical harm to
Refers to the insured dwelling and
The actual replacement cost of the
dwelling of like and kind.
With RMIS Topa protection, extended
coverage can be selected up to 120% of actual replacement cost. This value
can be adjusted annually at renewal with added appreciation.
What the dwelling is made out of.
- Frame (most common)
- Masonry Veneer
- Other Superior
Other buildings on the same premises
as the residence.
Ex: detached garage, fencing, gazebo, detached workshop,
- Composti Shingle
- Wood Shake
- Flat Tar and Gravel
- Flat Membrane
- Flat Foam Composite
Another term for personal
property owned or used by any insured while it is anywhere in the
Refers to Fire Alarms and Anti-Theft Alarms.
Premium discounts are given for these protective devices.
Some companies give discounts if you decide to choose a higher
RMIS Topa's standard deductible for Homeowner and Dwelling Fire
is $500. Choosing a higher deductible would give a maximum of 15% (max. $300)
discount from the premium. (Click here for other RMIS Topa
(Fire and Theft)
Local: On premises but do
not include monitoring. A good example would be your smoke alarms, it just makes
a warning sound or flashing lights for local alert or signaling.
Station: On premises and in case of emergency it connects directly to
Fire or Police departments
Central: On premise and it connects to a
24-hour centrally monitored station which then notifies you as well as the
- Home Busines Insurance
- Water Damage
- Worker's Compensation
- The name insured and resident spouse
- Family members who live with the insured
- Individuals that family members are responsibel for under 21, e.g. a
foreign exchange student living with the insured, a foster child or a 20 year
old daugher enrolled as a full-time college student in another
An accident, including exposure to conditions,
which results, during the policy period, in: a) bodility injury; or b) property
Physical injury to or destruction of tangible
property, including loss of use of this property. Property damage does not
include theft or conversion of property by an insured.
Refers to direct physical property loss caused by the sudden, immediate and
accidental escape of water from an actual breaking apart of a plumbing system,
heating or air conditioning system or from within a household
The California FAIR
Creates a pool of risks to provide
fire and extended coverage insurance to individuals unable to obtain coverage
through regular channels, mainly due to environmental hazards. This plan
primarily serves brush hazard areas and inner cities.
Additional Coverages include:
and conditions apply. Please refer to policy manual for details.)
- Debris Removal
- Reasonable Repairs
- Loss of Trees, Shrubs and Other
- Fire Department Service Charge
- Property Removal
- Credit Card, Fund Transfer Card,
Forgery Counterfeit Money
INSURED'S DUTIES AFTER A LOSS
After a loss occurs, the insured
- Report the loss promptly.
- Notify the police in the event of theft.
- Protect property from further damage and make
reasonable and necessary repairs.
- Prepare an inventory of damaged property
- Submit to examination under oath request without the
presence of other insureds
- Submit a proof of loss within 60 days of the company's
- Cooperate with the insurer in a claim investigation
In general, a Commercial Auto policy offers both physical
damage and liability coverage just as personal auto. The term "auto" refers to
private passenger automobiles, trucks, and trailers. Coverage and restrictions
apply depending on the kind of commercial vehicle.
What am I looking for
in commercial auto insurance?
Just like auto insurance, commercial auto
policy offers Liability and Physical Damage (Collision, Comprehensive)
Rental Reimbursement Coverage is usually included to help cover the cost of a
replacement vehicle for a specified period of time when your vehicle is disabled
due to an insured loss.
Individual Named Insured Endorsement
the named insured is an individual rather than a corporation or a
Medical Payment Endorsement
Pays the necessary cost of
medical and funeral expense resulting from an accident.
Provides additional coverage to protect the insured
from uninsured motorists.
**Specific terms and conditions are applied to
individual company. Please refer to your policy jacket.
Click here for a
full list of RMIS covered Commercial Vehicles.
Check out RMIS' user friendly online Commercial Auto Rater
General Business Auto Policy
insure commercial autos for all types of businesses except garages, truckers,
and motor carriers.
Trucking/Trucker's Coverage Form
Specifically applies to businesses that are hired out to
transport goods of others. Specific and unique consideration by the
trucking industry applies. This is a separate form because truckers have
different exposures that other auto risks don't have.
Inland Marine/Cargo Coverage
Marine Coverage is for transportation of goods from one location to another.
Cargo Coverage is insurance for the goods. Both are available with trucking
to the numbers used to rate the commercial auto policy. This is used to tailor
coverage to the needs of the insured.
What is an Umbrella Policy?
Umbrella coverage pays for losses over and above the
liability limit of an underlying policy of policies such as homeowners and auto
insurance. Umbrellas provide high dollar limits and broader coverage than the
primary coverage to insure catastrophic losses.
really need an Umbrella Policy?
Take a moment to calculate your
assets: home, auto, businesses, boats, valuable personal belongs, etc. An
umbrella policy extends the coverage on your existing polices. If your assets
are greater than the total liability limits on your active policies, you should
consider purchasing an umbrella liability plan to supplement your
Coverage for stand-alone personal liability usually a last
resort for applicants through California FAIR Plan. CPL provides personal
liability coverage for the individual and family needs arising out of numerous
personal activities and situations, such as the ownership of residential
property, ownership of pets, sports activities, and many other everyday
HOME BUSINESS INSURANCE
If you have a
home based business you could be exposed to a number of liabilities and losses.
Ask your producer about getting coverage. RMIS' Home Business Product is
designed for small home based business with exposures that are either limited or
excluded by the ISO Homeowners Product.
SPECIAL ONE DAY EVENT COVERAGE
Coverage pays for general
liability and host liquor liability for one day events. Terms and conditions
apply. RMIS offers a One Day Event Coverage through USLI.