Finding the perfect insurance can feel like a daunting task that raises nothing but questions and headaches. How much insurance do you need? What disasters are covered? Are your loved ones protected, should the worst occur?

Whether you are in need of home, auto, life, umbrella or business insurance, the trusted agents at Victory Insurance composed a list of answers to your most frequently asked questions to help make finding the right insurance easy.

For more information about Grand Rapids insurance from the experts at Victory Insurance, please contact us or call us directly at 616.785.7175.

Do you offer a grace period for late payments?

We understand life happens and sometimes that affects the ability to make a payment on time. That’s why we offer a grace period from at least 31 days from your due date bill. If you make your payment within this period, your payment is considered “on time.”

What credit cards do you accept?

We accept Visa, MasterCard, American Express and Discover.

Do you accept money orders?

No, we do not accept money orders. However, we accept personal or cashier’s checks.

Can my age affect my premium?

Yes, age impacts your insurance premiums; but depending on what type of insurance you get also plays a major role. For example, if you are applying for life insurance, the older you get, the higher the premium. However, if you are someone 24 years of age or younger and are applying for auto insurance, your premium will be significantly higher than other customers. If you have any other questions about your premium, please contact us here.

How do I file a claim?

There are several things you should do when filing a claim to your insurance. First, you’ll have to connect with your broker. This is when a claim investigation will begin so we can determine any loss or damage that is covered by your policy. We’ll review your policy and arrange payment methods.

When do I need life insurance?

There are many reasons to invest in life insurance. You could be contemplating starting a family or leaving behind an inheritance. You could even have recently graduated college and are looking to financially secure yourself when it comes to student debt. Regardless of the reason, anyone who is hoping to protect their loved ones and provide financial security, should the unimaginable occur, should look into getting life insurance now. Learn more about the different types of life insurance here.

How much life insurance do I need?

The amount you’ll need depends on how much your loved ones depend on your income. What would their life be like should you pass away today? If your family relies on your income a great deal, you might need more than basic coverage to ensure they are financially protected.

How many beneficiaries can I have?

You can have as many beneficiaries as you’d like. However, the total percentage for your primary beneficiaries must total 100%. Your contingent beneficiaries must also total 100%.

Can I leave my life insurance to a local charity or organization?

Yes, much like an inheritance, you can redirect your life insurance to go to a local charity or organization of your choosing.

Do you offer renters insurance?

Whether you are renting temporarily or looking for more long term, we offer renters insurance fit to make you feel protected in the place you call home. This affordable insurance will ensure you, your family and your belongings are secure.

What disasters are covered by home insurance?

Our homeowners insurance covers a variety of disasters including natural disaster, weather-related incidents, civil disobedience and unexpected occurrences such as personal liability. To see if your home insurance covers specific circumstances, please contact us here.

Do I need homeowners insurance before I purchase my home?

While it is not required by law in Michigan, if you are looking to purchase a home through a mortgage company, the lender is going to require you to have a homeowners policy before buying. Learn more about our homeowners policies here.

Am I protected if someone hurts themselves on my property?

There are a number of factors to consider if a person can file a personal injury lawsuit against you for getting injured on your property. A few points are the condition of your property, how the person was injured and if the injured party was a trespasser or guest. Learn more about your homeowners coverage here.

Does home insurance cover our wedding rings?

Depends on your policy. Valuable items that are lost, damaged or stolen are usually covered under your policy. Homeowners insurance will cover lost rings; however, the extent of coverage depends on how much you insured it for. Homeowners policies typically cover lost or damaged jewelry up to $1,000. If your ring is more than that, you can ask to raise your liability limit or add a rider to your insurance policy. Learn more about homeowners insurance, its limits and additional coverage here.

Why do I need car insurance if Michigan is a no-fault state?

Michigan’s no-fault law requires drivers to have insurance so if you are in an accident, your insurance can pay for injuries done to other people or for damage you’ve caused to other people’s property.

Do I receive an auto discount if I have more than one car?

Yes, if you insure more than one car, you are eligible for a multiple-car savings deal with AAA.

Can my friend drive my car?

Anyone can drive your car; however, should your friend get in an accident while driving your vehicle, your insurance will be liable for covering costs.

If I’m in an accident and my friend doesn’t have health insurance, does my insurance cover them?

Typically, injured passengers are covered by the driver at-fault’s insurance. However, the injured parties must take the necessary steps to file a claim after the accident.

Do you offer insurance if I’m renting a car?

Yes, we offer affordable car rental insurance.

Why do I need business insurance?

Every business should have at least a general liability insurance to protect their company and its assets from financial losses caused by unexpected lawsuits or incidents.

Am I covered if I need to temporarily close my business?

If these past few years have shown anything, it’s that the unexpected can happen at any moment, and leave you temporarily closing your doors. With our business interruption insurance, however, you can ensure you have the additional coverage you need to protect your livelihood from unpredicted catastrophes.

What if an employee is injured on company time?

Our commercial insurance is designed to cover medical costs and lost wages for work-related injuries and illness.

What is umbrella insurance?

Also known as personal liability insurance, umbrella insurance offers additional protection for when your typical home and auto insurance reaches its existing limits.

Do I need umbrella insurance?

Umbrella insurance is designed for just about anyone, and is highly recommended for those who have extra liabilities. Whether you are a new home or pool owner, frequent party entertainer or have introduced a new driver into the family, umbrella insurance will provide the perfect coverage for you.

What does umbrella insurance cover?

Created to offer additional protection, umbrella insurance provides coverage along with your other home and auto insurance policies to ensure you are protected even after your coverage reaches its existing limits. From injuries to property damage to other personal lawsuits or liabilities, our insurance policy is designed to keep your assets and family secure.