Safeguarding What Matters Most

At Underwood Insurance Agency, we are dedicated to providing top-notch insurance services to the Lafayette, IN, community. As an independent insurance agency, we offer a wide range of coverage options to meet your personal and business insurance needs. Our experienced team of agents is committed to addressing all your concerns and providing the highest level of service. Whether you need auto, home, life, motorcycle, or business insurance, we have you covered.

Personal
Insurance

Business
Insurance

Locally-Owned in Lafayette, IN, Since 1865

With a rich history dating back to 1865, Underwood Insurance Agency has proudly served as a locally-owned business in Lafayette, IN. Throughout the years, and under the stewardship of only six ownership changes, we have established ourselves as experts in commercial insurance while also offering a wide range of personal insurance solutions to meet the needs of our valued clients.

Recognition

Discover the well-earned recognition and achievements of Underwood Insurance Agency in this informative article. With a steadfast commitment to exceptional service and expert insurance solutions, their dedication has earned them accolades across the industry.

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Customer Statements

Frequently Asked Questions

How can I lower my premium?

Consider carrying a higher deductible to lower your monthly premium and potentially get more coverage for less money. This option may be suitable if you believe the chances of making a claim are unlikely enough to justify taking on more financial risk.

Why should I buy my homeowner’s insurance?

Homeowner’s insurance protects your significant investment of money, time, and energy in your home. It insures the structure(s) and personal possessions, providing liability protection for residents. With homeowner’s insurance, you safeguard yourself and your family from substantial loss in the event of damage or destruction. If you have a mortgage, it’s likely a requirement to carry homeowner’s insurance.

How can I protect expensive possessions like jewelry and camera equipment that exceed policy limits?

Extend the limits of coverage for specific items by purchasing additional coverage either through an endorsement to your existing policy or with a separate policy.

What damage to my house would not be covered by my homeowner’s policy?

The coverage exclusions may vary depending on your policy, but generally, losses due to floods, earthquakes, nuclear accidents, wars, intentional damage, and normal wear and tear are not covered unless you purchase additional coverage. Other exclusions may also apply.

How can I protect expensive possessions like jewelry and camera equipment that exceed policy limits?

Extend the limits of coverage for specific items by purchasing additional coverage either through an endorsement to your existing policy or with a separate policy.

What should I do if another driver hits my car?

If the accident was not your fault, file a third-party claim with the at-fault driver’s insurance company. As the claimant, the insurance company will generally issue the check directly to you. It is your responsibility to pay the repair shop and, if applicable, your car loan. If the other driver is uninsured, your coverage for uninsured motorists will come into effect.

What happens if my car is stolen?

Be prepared for a waiting period, as most insurance companies require time to see if the police recover your car. If it remains missing after the waiting period (usually 21 days), you should receive a settlement soon after. However, if your car is found during the waiting period, the insurance company will typically request a repair estimate before determining the next steps.