What You Should Look for in Your Home Insurance Quote

When shopping for home insurance in Matthews, NC, you should get multiple quotes first. There are certain things to consider so you can find the best policy.

What the Policy Covers and Doesn’t: Home insurance offers a broad type of coverage, but there are some things that won’t be covered. Anticipating possible incidents can help eliminate surprises and give you an idea of where to set your coverage limits. It can also give you an idea of what other insurance plans you need, like flood insurance.

Coverage for Your Personal Items: Home insurance will provide coverage for your belongings, but there will be a limit on certain items. If you know the value of your stuff, you can make sure your policy provides enough coverage and see if you need to get any additional coverage.

Rebuilding: You want to be able to rebuild your house after a disaster, so your policy will need to provide protection that is equal to or greater than the rebuilding cost of your home and not just the purchase price. The rebuilding cost needs to take into account the cost of materials, as well as any construction costs. Replacement cost coverage will cover items without subtracting for depreciation.

Discounts: There may be discounts if you are doing things like adding extra security to your home, or if you are paying your policy online. An agent at JC Demo Insurance Group can explain any discounts that would be available to you.

Your Deductible: Coverage will require you to pay for a deductible before your policy will kick in. A deductible will affect your premium, so you should weigh the pros and costs of a lower or higher deducible when looking at your policy.

Contact JC Demo Insurance Group, serving Matthews, NC, to get a quote on home insurance. 

Car insurance terminology

Like most states, North Carolina requires basic liability coverage on your automobiles, as well as some coverage for non-insured or under-insured motorists. Visit the JC Demo insurance Group in Matthews, NC to get the coverage you need for your automobile. 

Liability, of course, covers damages you cause to another car, or injuries in an accident where you are at fault.  There are some basic limits as to how much to have, but many car owners have more than the minimum. There are people who do not obey the law, and if they cause an accident, you may not be able to collect from them. That is where non-insured or under-insured coverage can protect you.

 Collision coverage covers damage to your car when you drive it into something. That something can be another car, or a tree, or a building. It covers your car when it is damaged. This is optional coverage, but you may be required to have it by the lender if you owe money on the car. If the car has high value it is a good idea to have this kind of coverage.

Comprehensive is the other main kind of insurance, and this covers everything else. This covers damage to your car from things like storms, floods, trees falling and so forth. It also covers windshield damage, fire, theft and other things out of your control.  This is also optional coverage that most people have if they have a newer car.

Call or visit the JC Demo Insurance Group on Matthews, NC to make sure you have the right coverage for your car. You may visit in person or online to get the coverage you need. If you are going to change cars, it is also a good idea to let your insurance company know before the purchase is made.

Can Anyone be a Life Insurance Beneficiary?

Although you can name practically anyone to be the beneficiary of your life insurance policy, it only makes sense to select individuals you want to help financially after you’re gone. Life proceeds can provide financial support to one or more people for years to come. By choosing wisely, you can ensure these funds are put to excellent use. If you’re unsure who to select as a beneficiary, consider the following:

You Can Choose More Than One Beneficiary

You can choose more than one beneficiary to receive proceeds from your life insurance policy. You can divide proceeds evenly between your beneficiaries or designate the percentage you want each beneficiary to receive. Having control over the distribution of life benefits makes it easier for you to help loved ones in Matthews, NC in the way you feel they need it most.

Beneficiaries Can Be Primary or Contingent 

Your primary beneficiary is your first choice for receiving life proceeds upon your demise. This can be one or several people. If all your primary beneficiaries expire before you do, life benefits automatically go to your contingent (or secondary) beneficiary, which may be one or more people as well. Having both primary and contingent beneficiaries ensures funds are distributed the way you want.

Beneficiaries can be Revocable or Irrevocable

A revocable beneficiary can be replaced if you change your mind later on. An irrevocable beneficiary cannot – unless he or she gives consent. If you purchase a life policy when you’re young, it may be to your advantage to designate your beneficiaries as revocable as it gives you a chance to reconsider if your situation changes later down the line.

A life insurance policy from JC Demo Insurance Group can provide financial security for loved ones after you’re gone. For greater insight into life insurance options and costs, contact JC Demo Insurance Group in Matthews, NC.

How do I know if I need business interruption insurance?

When you choose a commercial insurance policy at  JC Demo Insurance Group, you get a lot of options. You know the obvious needs of your small business in Matthews, NC, such as property insurance and general liability. You may need business auto insurance or worker’s compensation.

You may not realize how vulnerable you are if you don’t also have business interruption insurance. Before making your final decision, you should consider the kinds of expenses covered by this sort of policy and when it comes into effect. 

When does a Business Interruption Policy start working?

Nobody wants to think their business could be the victim or a disaster, but it happens all too often. A fire, vandalism or a natural disaster could cause your business to stop operations.

During that time, your creditors, vendors, utilities, and others will still expect you to meet your responsibilities. Money won’t be coming in, but it will continue to go out.

What kinds of expenses your Business Interruption Policy will cover

Your policy will protect you for the amount of money you would have been able to earn, based on your financial records, if you were doing regular business. That means that if you have a Business Interruption Policy, you will still be able to pay

  • Utility bills
  • Employee wages and benefits
  • Payments on your property, whether a mortgage or rent
  • Taxes
  • Other regular business needs.

Even a short outage could cause you to lose customers forever. In the meantime, you will be dipping into savings or scrambling to pay the bills.

You want to protect your Matthews, NC business from any serious losses. If you think this kind of policy could benefit you, feel free to call JC Demo Insurance Group today to discuss your options.

Home Insurance Considerations This Spring

It is forecasted to be an extra chilly winter for North Carolina, and the spring cannot come soon enough for some. Before the buds start blooming and the world turns bright green again be sure to check out your home owner’s insurance policy to make sure you are covered from whatever the wind blows your way. At JC Demo Insurance Group we want to know that all of our clients are protected to matter the weather or the situation so here are a few spring home tips. We serve people in and around Matthews, NC.  

Things to Consider Around the House This Spring

  • When the weather warms and you start your spring cleaning, go beyond de-cluttering. Check for mold damage after winter storms, get rid of standing debris around the frame of the house to prevent water damage, do a full check up. It is best to find any damage early, and it is much more cost effective to prevent an issue than to pay for remediation. If you set aside spring as home check-up time at the same time as your spring cleaning then you will stay on top of any issues. 
  • What are the predictions for the weather for the rest of the year? We recommend you always keep full coverage home insurance as well as a flood policy. But if you don’t happen to have all the protection possible, check the weather forecast for the remainder of the year. It may be prudential to upgrade your policy if the scientist predicts a rough season. 
  • This tip should be done each time the seasons change, four times a year. The first day of spring, summer, fall, and winter is the time to change and check smoke and carbon monoxide detectors. A few moments each season can save your life and home. 

Contact us at JC Demo Insurance Group to discuss your home insurance options, and whether you are fully covered. We serve Matthews, NC and the surrounding areas. 

Who Will Require Me to Have Auto Insurance?

If you are a car owner in the Matthews NC area, it is extremely important that you take this responsibility seriously. One responsibility that you will have when it comes to owning the car is to make sure that it is properly covered by insurance. There are several different groups that will require you to carry auto insurance at all times. 

State Laws

Similar to other states, drivers in North Carolina are required to carry minimum levels of liability insurance at all times. This coverage will provide protection in the event you are at fault in an accident. It will provide coverage to the other drivers in the accident, but will not provide you with coverage for damage to your vehicle. The state requires that you have $25,000 in property damage coverage as well as $30,000/$60,000 in bodily injury coverage.

Lender Requirements

Since the base state requirements will only give coverage to the other party in an accident, it is important that you have additional coverage as well if you have a loan outstanding. In most situations, a lender or lessor of your car will require that you carry a full collision and comprehensive insurance policy at all times. This will help to protect you from a wide variety of losses including theft, fire damage, or if you are in an accident with a driver that is not insured.

When you are in the Matthews, NC area and are looking for an auto insurance policy, contacting the team at JC Demo Insurance Group is a good first step. The professionals at JC Demo Insurance Group are fully aware of the auto insurance laws in North Carolina and will also be able to review your lender agreements to make sure that you are in compliance with all related requirements.

3 Reasons Why Young People Need Life Insurance

Chances are, if you’re in your 20’s or 30’s, you’re not sure why you should buy life insurance. But purchasing this type of coverage while you’re young carries many benefits. In order to protect your young family and try your hand at investing, here’s why you should buy life insurance in Matthews, NC.

1. Pay Off Loans In Case Of Death

Since you’re still young, you may feel invincible. You’re not immune to death, however. Unfortunately, if you should die young, your debts will not die with you.

If you have student loans, for instance, they can’t be forgiven, even if your family demonstrates that you cannot pay them back. In the case of your passing, your next of kin would automatically adopt those debts.

If you purchase life insurance from JC Demo Insurance Group, though, you can opt for a policy that would pay your debts off.

2. Protect Your Business And Family

As the breadwinner of your family, what would happen if you suddenly passed away?

In an instant, your family would lose its main source of income. On top of lacking money to live off of, they would have to cover your burial expenses.

Buying life insurance while you’re young provides a financial cushion for your young family Not only would your funeral expenses be covered, but your family would get enough money to tide them over in the wake of your sudden death. They can have an income to tide them over as they get back up on their feet.

3. Life Insurance As An Investment

Have you ever thought of life insurance as an investment?

As a young policyholder, you can profit from this investment. Certain life policies can offer you payout’s even while you are alive. Those life policies can be used as a loan of sorts; you can borrow against them in order to pay off your other possessions, such as your home or car.

Building enough equity through your life policy to make it a viable investment requires you to hold the policy for many years. The younger you are when you purchase your policy, the better an investment it will be for you in the future.

Are you ready to future proof your life while you’re still young? Contact a friendly JC Demo Insurance Group agent to determine what policy works best for you. Purchase a life insurance policy in Matthews, NC today.

Three Insurance Mistakes That Put Your Business At Risk

Like most business owners, chances are you’re constantly looking for ways to cut unnecessary expenditures from your budget. But when it comes to your business insurance, cutting corners can be costly. Here are the top three costly insurance mistakes JC Demo Insurance Group has found many business owners make when it comes to their insurance coverage. 

Lack of Risk Management Strategies 

With proper risk management programs in place, you can lower your insurance premiums. Preventative strategies such as installing a central burglar alarm, using security cameras, updating older buildings, and using client contracts can reduce your Property, and General Liability premiums, and reduce E&O lawsuit risks.  

Paying For Unnecessary Insurance Policies 

Spending money on something your business doesn’t need is like putting cash in the trash. Every business is not alike and does not have the same insurance needs. When you work with an agent who is experienced with your type of business or industry, they already know the risks you face and can tailor your coverage accordingly. Smart business owners don’t pay for coverage they don’t need and maximize the coverage of insurance they may need for unforeseen events.  

Not Updating Your Insurance Plans 

Changes in your business, even small changes, can affect your insurance policy coverage and needs. If you don’t update your policies to reflect those changes, you could either be lacking in crucial coverage or be paying too much for coverage you no longer need. If you move to a new location, hire or fire employees, start offering new services, or invest in expensive new equipment or real estate, you will probably need to amend your policy to reflect those changes. In general, even if you think you haven’t made any significant business changes, you should have your insurance plans reviewed every six months to a year.  

Talk to your Matthews, NC business insurance experts today about the safety measures you can implement to protect your business and assets. At JC Demo Insurance Group, our agents can steer your business in the right direction and ensure you have the coverage you need. 

Auto Insurance Comes In A Variety Of Flavors

Just like the flavors of ice cream, auto insurance is available in a variety of policies and packages to meet the needs of a variety of car owners. It might be a little bewildering if you discover your friend has insurance that appears to be very different from yours. Visit us at JC Demo Insurance Group and we’ll help you understand your auto insurance coverage. We’ll also help you find better coverage if that’s what you need, and we’ll sign you up right there so you don’t have to make phone calls or visit more offices. We’re happy to be of service to the neighborhoods around Matthews, NC and look forward to meeting you.

A variety of auto insurance policies provides coverage for all kinds of auto owners. This includes a minimum liability that is required by North Carolina law for all auto owners. It comprises a certain amount of coverage for bodily injury and property damage liability. It also requires coverage for uninsured motorist liability. What that means is that if you have an unfortunate encounter with someone who carries no insurance, your needs will be met. 

Beyond the basic coverage are several options for further protection. Collision insurance, comprehensive insurance, car rental insurance, and towing & repair coverage are all available. These are optional according to state law. However, if you are making payments on your auto then your lending agent has the right to require these kinds of coverage. We can help auto owners around the Matthews, NC area sort this out. At JC Demo Insurance Group we’d be glad to sit down with you and explain the differences. We’ll help you choose the best policy for your needs, and enroll you right there. Call or visit today.

3 Tips for Buying Home Insurance in Matthews, NC

If you are like many other people, purchasing a home will be one of the largest investments you make during your life.  As a result, you need to make sure you protect it. One of the best ways to protect your Matthews, NC home is by purchasing home insurance from JC Demo Insurance Group. To make this process easy, follow the three tips outlined here:

1. Bundle Your Policies

One of the first things you should do when purchasing home insurance is to consider bundling your policies. Do you already have life insurance or car insurance? If so, talk to your existing insurer about a home insurance policy, too. In many cases, by bundling your policies you can save a significant amount of money on your premiums. In the long run, this may help you save quite a bit of money.

2. Compare Quotes

The next step in getting the right home insurance policy is to compare various quotes. Take some time to seek free quotes from several insurance companies and then compare them to find the one that offers the most value. In the long run, this will help you get the right policy for an affordable price.

3. Work with a Reputable Agent

Another important step in purchasing home insurance is to find a reputable insurance agent. He or she will be able to help you find the right policy at the right price. 

When it comes to buying a home insurance policy in Matthews, NC there are more than a few things to consider. Using the help JC Demo Insurance Group will ensure that you get the right policy for your specific needs and budget.