Subi Insurance
Frequently Asked Questions
Frequently Asked Questions
Health Insurance
What does health insurance cover?
Most plans cover doctor visits, hospital stays, preventive care, prescriptions, and emergency services. Coverage specifics depend on the policy.​
What is a copayment (copay)?
A copay is a fixed fee you pay for specific medical services, such as a doctor visit, with the remainder covered by your insurance.​
What is a network?
A network is a group of healthcare providers and facilities that have agreements with your insurance company to provide services at reduced costs.​
What is an out-of-pocket maximum?
This is the maximum amount you pay for covered services in a year before your insurance covers 100% of eligible costs.
Health Insurance
Health Insurance
What does health insurance cover?
Most plans cover doctor visits, hospital stays, preventive care, prescriptions, and emergency services. Coverage specifics depend on the policy.​
What is a copayment (copay)?
A copay is a fixed fee you pay for specific medical services, such as a doctor visit, with the remainder covered by your insurance.​
What is a network?
A network is a group of healthcare providers and facilities that have agreements with your insurance company to provide services at reduced costs.​
What is an out-of-pocket maximum?
This is the maximum amount you pay for covered services in a year before your insurance covers 100% of eligible costs.
Auto Insurance
Auto Insurance
Is auto insurance mandatory?
Yes, in most states, auto insurance is required by law. The minimum requirements vary by state.
What is liability coverage?
Liability coverage pays for damages or injuries you cause to others in an accident.
What is the difference between collision and comprehensive coverage?
Collision covers damages to your vehicle from an accident.
Comprehensive covers damages from non-collision events, like theft, fire, or natural disasters.
What happens if I let my auto insurance lapse?
You may face fines, license suspension, and increased premiums when you renew.
Homeowners Insurance
Auto Insurance
Is auto insurance mandatory?
Yes, in most states, auto insurance is required by law. The minimum requirements vary by state.
What is liability coverage?
Liability coverage pays for damages or injuries you cause to others in an accident.
What is the difference between collision and comprehensive coverage?
Collision covers damages to your vehicle from an accident.
Comprehensive covers damages from non-collision events, like theft, fire, or natural disasters.
What happens if I let my auto insurance lapse?
You may face fines, license suspension, and increased premiums when you renew.
Home Insurance
What does homeowners insurance cover?
It typically covers damages to your home, personal belongings, liability for injuries, and temporary living expenses if your home is uninhabitable.​
Is flood insurance included in a standard homeowners policy?
No, flood insurance is usually a separate policy.​
How do I determine how much coverage I need?
Coverage should reflect the cost to rebuild your home and replace your belongings, not the market value of the property.​
What is the difference between replacement cost and actual cash value?
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Replacement cost pays for the cost of replacing damaged items.
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Actual cash value pays the depreciated value of items.
Life Insurance
Home Insurance
What does homeowners insurance cover?
It typically covers damages to your home, personal belongings, liability for injuries, and temporary living expenses if your home is uninhabitable.​
Is flood insurance included in a standard homeowners policy?
No, flood insurance is usually a separate policy.​
How do I determine how much coverage I need?
Coverage should reflect the cost to rebuild your home and replace your belongings, not the market value of the property.​
What is the difference between replacement cost and actual cash value?
-
Replacement cost pays for the cost of replacing damaged items.
-
Actual cash value pays the depreciated value of items.
Life Insurance
What are the main types of life insurance?
The two main types are term life insurance (coverage for a specific period) and whole life insurance (lifetime coverage with a savings component).​
How much life insurance do I need?
Coverage should generally be 5–10 times your annual income or enough to cover debts, living expenses, and future financial needs for dependents.​
What happens if I miss a premium payment?
Policies typically have a grace period. If payment isn’t made during this time, coverage may lapse.​
Is life insurance taxable?
Death benefits are generally tax-free, but exceptions may apply depending on circumstances.
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9070 Gleannloch Forest Dr. #601 Spring, TX 77379 quote@teamsubi.com 832-225-2421
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Life Insurance
What are the main types of life insurance?
The two main types are term life insurance (coverage for a specific period) and whole life insurance (lifetime coverage with a savings component).​
How much life insurance do I need?
Coverage should generally be 5–10 times your annual income or enough to cover debts, living expenses, and future financial needs for dependents.​
What happens if I miss a premium payment?
Policies typically have a grace period. If payment isn’t made during this time, coverage may lapse.​
Is life insurance taxable?
Death benefits are generally tax-free, but exceptions may apply depending on circumstances.
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