Three things you should know before you buy home insurance

Your home is a valuable and important asset in your life. That’s why it’s so important to protect it with an appropriate home insurance policy. It’s important to do your homework before you purchase a home insurance policy and find a policy that best suits your needs and protects your assets. 

At the JC Demo Insurance Group, we’re devoted to helping our clients find the best home insurance coverage in Matthews, NC. We recommend that clients know the following three things before they purchase a home insurance policy.

What your lender is requiring

Mortgage lenders require that a borrower have home insurance. This protects the lender’s investment in the property. You need to meet your lender’s requirements when you’re purchasing home insurance.

Discuss insurance requirements with your lender and make sure you understand them. You’re going to need to provide proof of insurance to your lender, so make sure you discuss this need with a representative from the insurance company. 

What discounts are available

Home insurance is a significant expense that is going to stick with you long term. Therefore, anything you can do to save money on it and lower your premiums is going to help you out big time financially.

Look into any discounts you can enjoy on your home insurance before committing to a policy. You could enjoy discounts for bundling numerous insurance policies with the same provider or making home safety upgrades, for example. 

What cash value is in comparison to replacement cost

Usually, home insurance policies are designed to be either cash value or replacement cost policies. A cash value policy will cover all repairs or replacement costs necessary on a home minus any depreciation the home has experienced up to the policy limits. On the other hand, replacement coverage does not take depreciation into consideration and therefore compensates the policyholder more.

Although cash value is less expensive than replacement cost home insurance, it generally will not compensate for claims with as much money as a replacement cost policy would. 

If you’d like to explore home insurance policies available in Matthews, NC from the JC Demo Insurance Group, we’re here to help. Contact us with your questions and inquiries to learn more. 



Tips to Protect Your Auto From Theft

Although modern technology has aided in the decline of automobiles over the past decade, there is still a high rate of stolen vehicles in the United States, including the area of Matthews, NC. In order to protect your automobile from being a crime of opportunity, there are a few steps you can take to deter potential thieves. JC Demo Insurance Group has put together a few tips to protect your auto from theft.

Park in Plain View

When parking your vehicle, especially in areas such as work or school where you will not have a visual view of your automobile, it’s important to park in an area where others will notice any potential thieves. You should never park behind a privacy fence or in the extreme back area of a parking lot. When parking at night, be sure to park in areas that have access to lighting, such as from a street light or porch light. When at home, park in the garage whenever possible.

Don’t Leave it Running

To avoid the risk of your vehicle being stolen, you should never leave your vehicle running, especially in an area where you cannot see the car. It’s also recommended that you not leave the vehicle running in the driveway while you are in the house. If you must warm your vehicle before driving, it’s best to start the car and let it warm up while you clean the windows.

Remove all Valuables

Before exiting your vehicle remove all valuables, including the cords for phones and electrical devices. If a thief spots a cord, they will assume the device that belongs to the cord is also in the vehicle, so do not leave them in view. Put briefcases, purses and other valuables that you aren’t taking with you in the trunk.

Always lock your vehicle before leaving it. If keys are lost or stolen, be sure to have the locks changed on your vehicle. One of the best ways to protect your vehicle from theft is to install a quality alarm as well as a tracking device, which will allow officials to locate the vehicle quickly in the case of it being stolen.

To learn more information about automobile insurance or to upgrade your policy, residents of Matthews, NC should contact JC Demo Insurance Group.