When it comes to searching for the best auto, home, life or farm insurance, it can sometimes feel like reading a foreign language. Insurance terms and phrasing can be confusing and what you don’t know, can cost you. Kramer-Myers & Werring-Dickerson Insurance has been serving the Batavia and Blanchester area for over 50 years and wants to put their clients at ease when it comes to understanding key insurance terms. Kramer-Myers & Werring-Dickerson has a helpful glossary of terms on its site. Here are some examples:

Premium: The price of an insurance policy, typically charged annually or semiannually

Deductible: The amount of loss paid by the policyholder. Either a specified dollar amount, a percentage of the claim amount, or a specified amount of time that must elapse before benefits are paid. The bigger the deductible, the lower the premium charged for the same coverage.

Umbrella Policy: Coverage for losses above the limit of an underlying policy or policies such as homeowners and auto insurance. While it applies to losses over the dollar amount in the underlying policies, terms of coverage are sometimes broader than those of underlying policies.

There are plentyof other terms and phrases in the glossary to help you understand your insurance policies.

Kramer-Myers & Werring-Dickerson always puts the customer first and is committed to providing customers with the best service and insurance policies to fit their needs. Their agents take the time to make sure that their customers understand their policies and are comfortable with their level of coverage. As independent insurance agents, you can be assured that you will get the best quotes and the right coverage whether shopping for auto insurance, home insurance, life insurance or other types of policies—such as business or farm insurance.

To learn more about the types insurance they provide and what may be right for you from on of the best home insurance companies in Ohio, visit Kramer-Myers & Werring-Dickerson Insurance online or call (513) 732-1461 to schedule an appointment today.