Frequently Asked Questions
Find quick answers to common questions about our insurance services, policies, and process.
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What types of insurance does Caspi Insurance Agency offer?
Caspi Insurance Agency helps individuals, families, and businesses explore auto, property, health, life, dental, and business insurance. Available products, carriers, and eligibility may vary by location and individual circumstances. You can explore our insurance coverage options to find the type of protection that fits your needs.
What is an independent insurance agency?
An independent insurance agency is not limited to offering coverage from just one insurance company. Caspi Insurance Agency works with multiple carriers, which allows our team to review available coverage, pricing, deductibles, and underwriting options based on your situation. Learn more about Caspi Insurance Agency and our approach to helping clients compare coverage.
What areas does Caspi Insurance Agency serve?
Caspi Insurance Agency serves individuals, families, and businesses in Virginia, Maryland, and Washington, DC. Availability of specific insurance products and carriers can vary by state, ZIP code, eligibility, and underwriting requirements. You can contact our team with your ZIP code to confirm available options.
How do I know which type of insurance coverage I need?
The right insurance depends on what you want to protect, your financial responsibilities, legal or contractual requirements, existing coverage, budget, and the amount of risk you are comfortable carrying yourself. If you are unsure where to start, you can schedule a free insurance consultation with Caspi Insurance Agency.
Can Caspi review insurance policies I already have?
Yes. Caspi Insurance Agency can help you review your existing policies, including coverage limits, deductibles, exclusions, and potential coverage gaps. A policy review consultation can also help you determine whether your current protection still matches your needs.
Can I bundle multiple insurance policies?
Some carriers offer multi-policy options that allow eligible insurance policies to be placed with the same company. Bundling may simplify policy management and may qualify for discounts, but it is not automatically the lowest-cost or best-coverage option. Caspi can help you compare multi-policy options before you decide.
What are the minimum car insurance requirements in Virginia?
For auto insurance policies effective on or after January 1, 2025, Virginia requires minimum liability limits of $50,000 for bodily injury or death of one person, $100,000 for bodily injury or death of two or more people in one accident, and $25,000 for property damage. These are minimum legal requirements and may not provide enough protection for every driver. Learn more about Virginia car insurance requirements before choosing your coverage limits.
What is the difference between liability insurance and full coverage?
Liability insurance generally helps pay for injuries or property damage you cause to others in a covered accident. “Full coverage” is not a specific insurance policy; the term commonly refers to liability coverage combined with collision and comprehensive coverage. Your lender may also require collision and comprehensive coverage if your vehicle is financed or leased. Learn more about auto insurance coverage options to understand which protections may fit your situation.
What does uninsured and underinsured motorist coverage protect against?
Uninsured and underinsured motorist coverage can help protect you when an at-fault driver has no insurance or does not have enough liability coverage to pay for your covered losses. It can also apply in certain hit-and-run situations. You can review uninsured motorist coverage and other available protections when comparing your auto insurance options.
What factors affect my car insurance rate?
Car insurance rates may be influenced by your driving history, vehicle, location, household drivers, coverage limits, deductibles, annual mileage, claims history, and the insurance carrier’s underwriting rules. Because carriers may evaluate these factors differently, it can be useful to compare auto insurance quotes rather than focusing on only one insurer.
How does a car insurance deductible work?
A deductible is the amount you generally agree to pay toward a covered collision or comprehensive claim before the insurance company pays the remaining eligible amount. Choosing a higher deductible may lower your premium, but it can also increase what you pay out of pocket after a covered loss. Learn more about how auto insurance deductibles work before selecting an amount.
What happens if my car insurance lapses in Virginia?
Virginia-registered vehicles generally must remain insured while their registration is active. If required liability insurance is canceled or terminates, you generally need to obtain new coverage, deactivate your license plates, or surrender the plates to the Virginia DMV. Driving or maintaining registration without required insurance can lead to penalties. If you need replacement coverage, you can request a car insurance quote from Caspi Insurance Agency.
When can I enroll in health insurance in Virginia?
Virginia’s annual Marketplace Open Enrollment period generally runs from November 1 through January 29. Outside Open Enrollment, you may still be able to enroll if you qualify for a Special Enrollment Period after certain life events. For current enrollment dates and eligibility information, check Virginia’s Insurance Marketplace.
What is a Special Enrollment Period for health insurance?
A Special Enrollment Period allows eligible individuals to enroll in Marketplace health coverage outside the annual Open Enrollment period. Qualifying life events may include losing eligible health coverage, getting married, having or adopting a child, or certain changes in residence. If you recently experienced a life change, you can schedule a health insurance consultation to review your options.
Can I get financial help to pay for health insurance in Virginia?
Yes, eligible Virginia residents may qualify for financial assistance when purchasing coverage through Virginia’s Insurance Marketplace. Depending on eligibility, assistance may include advance premium tax credits, cost-sharing reductions, and certain Virginia-specific savings programs. You can explore health insurance options before choosing a plan.
What is the difference between a premium, deductible, copay, and coinsurance?
A premium is the amount you pay to keep your health insurance active. A deductible is the amount you generally pay toward covered services before certain plan benefits begin paying. A copay is usually a fixed amount for a covered service, while coinsurance is typically a percentage of the allowed cost. Understanding these costs can help you compare health insurance plans more accurately.
How do I know if my doctor and prescription medications are covered?
Before enrolling in a health plan, check its provider network and prescription drug formulary. Confirm that your preferred doctors, hospitals, specialists, and medications are included because networks and formularies can vary between plans and may change over time. Caspi Insurance Agency can help you review available health insurance plans when comparing your options.
How do I choose the right health insurance plan for me or my family?
Do not compare plans based only on the monthly premium. Consider the deductible, copays, coinsurance, out-of-pocket maximum, provider network, prescription coverage, expected healthcare use, and benefits important to your family. Caspi Insurance Agency can help you compare health insurance options based on your needs and budget.
What is the difference between term life and whole life insurance?
Term life insurance provides coverage for a specific period, such as 10, 20, or 30 years. Whole life insurance is a form of permanent coverage that can remain in force for your lifetime as long as policy requirements are met and may build cash value over time. The right choice depends on your financial goals, budget, and how long you need protection. Learn more about life insurance options available through Caspi Insurance Agency.
How much life insurance coverage do I need?
There is no single amount of life insurance that is right for everyone. Consider your income, mortgage and other debts, ongoing household expenses, dependents, future education or childcare costs, existing savings, and other financial obligations. Caspi Insurance Agency can help you review your life insurance needs and compare appropriate coverage options.
Do I need a medical exam to get life insurance?
Not always. Traditional life insurance underwriting may require a medical exam, while some insurers offer simplified or accelerated underwriting that may not require one. Eligibility depends on factors such as your age, health, coverage amount, policy type, and the insurer’s underwriting guidelines. You can schedule a life insurance consultation to discuss available options.
How do life insurance beneficiaries work?
A beneficiary is the person or entity you designate to receive the life insurance death benefit, subject to the terms of the policy. You may be able to name primary and contingent beneficiaries, and your selections should be reviewed after major life events such as marriage, divorce, the birth of a child, or the death of a beneficiary. Learn more about reviewing your life insurance policy to keep your coverage and beneficiary information current.
What factors affect the cost of life insurance?
Life insurance premiums can be influenced by factors such as your age, health, medical history, tobacco use, coverage amount, policy type, policy term, lifestyle factors, and the insurer’s underwriting criteria. Different insurers may evaluate risk differently, so it can be useful to compare life insurance options before choosing a policy.
When should I review or update my life insurance policy?
Review your life insurance when major changes occur in your family, finances, or responsibilities, such as marriage, divorce, having a child, buying a home, taking on significant debt, or experiencing a major income change. Even without a major life event, periodic reviews can help ensure your coverage and beneficiaries still reflect your needs. You can request a life insurance policy review from Caspi Insurance Agency.
What does dental insurance typically cover?
Dental insurance plans may help pay for preventive care, basic services, and certain major dental procedures. Depending on the plan, coverage may include exams, cleanings, X-rays, fillings, extractions, crowns, bridges, dentures, root canals, and other services. Exact benefits, exclusions, deductibles, coinsurance, and limits vary by policy. Learn more about dental insurance coverage options before choosing a plan.
Do dental insurance plans have waiting periods?
Some dental insurance plans may require a waiting period before certain services become eligible for coverage. Preventive care may have different rules from basic, major, or orthodontic treatment. Waiting periods vary by carrier and plan, so it is important to review dental plan waiting periods before enrolling.
What is an annual maximum in dental insurance?
A dental insurance annual maximum is the maximum amount a plan may pay toward covered dental services during a benefit year. Once that limit is reached, you may be responsible for additional dental expenses for the rest of the year, subject to the policy terms. Compare the dental insurance annual maximum when evaluating different plans.
Can I keep my current dentist with dental insurance?
That depends on the plan and whether your dentist participates in its provider network. Some PPO dental plans may provide benefits for both in-network and out-of-network dentists, although your costs can differ. Other plans may require treatment from participating providers. Before enrolling, check the dental provider network for the plan you are considering.
Does dental insurance cover braces or orthodontic treatment?
Some dental insurance plans include orthodontic benefits, but orthodontic treatment is not covered by every policy. Coverage may depend on age, waiting periods, coinsurance, lifetime or annual benefit limits, and other plan conditions. If braces or similar treatment are important to you or your family, compare orthodontic coverage carefully before enrolling.
Can I buy dental insurance separately from health insurance in Virginia?
Yes. Virginia residents can purchase stand-alone dental coverage through Virginia’s Insurance Marketplace, and dental coverage may also be available outside the Marketplace. Available carriers, networks, premiums, and benefits vary by location and plan. You can review Virginia dental insurance options before selecting coverage.
What types of business insurance does Caspi Insurance Agency offer?
Caspi Insurance Agency can help businesses explore coverage such as general liability, commercial property, workers’ compensation, professional liability, Business Owner’s Policies, and commercial auto insurance. The right combination depends on your industry, employees, property, vehicles, contracts, and business operations. Explore our business insurance coverage options to learn more.
Is business insurance required in Virginia?
Virginia does not require every business to carry the same types of insurance, but certain coverage may be legally required depending on how your business operates. For example, an employer that regularly has more than two employees generally must carry workers’ compensation insurance in Virginia. Other insurance requirements may arise from vehicles, leases, contracts, lenders, or professional activities.
What is the difference between general liability and professional liability insurance?
General liability insurance typically helps address certain third-party claims involving bodily injury, property damage, and injuries arising from business operations. Professional liability insurance is designed for certain claims involving professional errors, omissions, negligence, or services. Depending on your business, you may need one or both. Learn more about business liability insurance options before selecting coverage.
What is a Business Owner’s Policy (BOP)?
A Business Owner’s Policy typically combines common coverages such as commercial property and general liability insurance into one policy for eligible businesses. A BOP can simplify coverage for many small and midsize businesses, but eligibility, limits, exclusions, and available additional coverages vary by insurer. Review Business Owner’s Policy coverage to see whether a BOP may fit your business.
What factors affect the cost of business insurance?
Business insurance premiums can depend on factors such as your industry, location, payroll, revenue, number of employees, property values, vehicles, coverage limits, claims history, business experience, and the type of work you perform. Insurers may evaluate these risks differently, so it can be useful to compare business insurance options from multiple carriers.
How can I get a business insurance quote from Caspi Insurance Agency?
You can request a free business insurance quote by providing basic information about your company and the coverage you need. Depending on the policy, you may also be asked about your industry, location, payroll, revenue, employees, property, vehicles, prior insurance, or claims history. Caspi Insurance Agency can then help you compare available coverage and pricing.
How does the insurance quote process work with Caspi Insurance Agency?
Start by submitting an insurance quote request and telling us what type of coverage you need. Caspi Insurance Agency reviews the information you provide, determines whether additional details are needed, and helps you compare available options from participating insurance carriers before you decide whether to move forward.
What information do I need to request an insurance quote?
The information required depends on the type of insurance you need. You may be asked for your name, contact information, ZIP code, current coverage, vehicle or property details, household information, health coverage needs, or business information. Providing accurate details through the insurance quote form helps us identify relevant options more efficiently.
Can I speak with someone before choosing an insurance policy?
Yes. You can schedule a free insurance consultation to discuss your current coverage, insurance needs, questions, and available options before making a decision. A consultation can also help you understand differences in coverage, deductibles, limits, exclusions, and pricing.
How does Caspi Insurance Agency compare insurance options?
As an independent insurance agency, Caspi can review available options from multiple participating carriers rather than being limited to a single insurance company. We can help you compare insurance options based on coverage, deductibles, limits, carrier requirements, and price so you can make a more informed decision.
How long does it take to receive an insurance quote?
The timing can vary depending on the type of insurance, the information required, carrier availability, and whether additional underwriting details are needed. Some quotes may be available quickly, while more complex coverage may take longer to review. If you have a specific deadline, contact Caspi Insurance Agency when submitting your request.
When does my new insurance coverage become active?
Submitting a quote request or completing a consultation does not automatically activate coverage. Your insurance becomes effective only after the applicable carrier has accepted or confirmed the coverage, any required conditions or payments have been completed, and an effective date has been established. If you are unsure about your policy start date, contact our team before assuming you are covered.
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