Month: January 2026

Understanding Auto Insurance Premiums

Posted on by AgentInsure

Auto insurance premiums are the price paid for coverage. This price is determined by the insurer’s assessment of your risk profile. This is affected by such factors as driving record, age, vehicle type, location and credit score. It should be understood that higher risks lead to higher costs. Bundling policies, discounts and safe driving may reduce them. Your premium is calculated by your insurer by estimating the chances that you will file a claim. This is balanced with your personal history with the expenses associated with theft, accidents and repairs in your area. 

Other Factors That May Influence Your Premium

A clean driving record will serve to lower your rates. Traffic violations, DUIs and accidents could increase them. Very young drivers, teenagers in particular, are a high statistical risk and so may come with higher premiums. Urban areas are more prone to accidents, theft and vandalism than rural areas and the premium rates will rise accordingly. Other things that can affect the price of your premiums are the model, make and year of your car as well as repair costs, safety features and theft rates. How often you use your car exposes it to more risk and thus affects premiums. Your credit score could have some bearing. Choosing comprehensive coverage levels or higher deductibles will change your premium. With this in mind, it is smart to maintain a clean driving record and strong credit history. Ask about bundle policies and other discounts and don’t forget to shop around. 

JC Demo Insurance Group Serving Matthews, NC 

If you are in the Matthews, NC area and need auto insurance, please contact us at JC Demo Insurance Group. We’re happy to help you find the right auto insurance policy for your specific needs.

Is Your Home Insured Against Flood Damage?

Posted on by AgentInsure

It is important to note that a standard home insurance policy does not cover against flood damage. Flood coverage must be purchased separately, generally through a private insurer or the National Flood Insurance Program (NFIP). The typical homeowners and rental insurance policy excludes damage caused by flooding, such as mud flow, rising water or storm surge. Fortunately, whether you live in a high risk flood zone or not, flood insurance is available. If you do live in a high-risk flood area, many lenders will require you to have flood insurance to get a mortgage. 

Getting Coverage

North Carolina is a high-risk state for flooding with high rip currents and coastal flooding. Tropical depressions can lead to coastal hazards such as ocean overwash and beach erosion, according to the National Weather Service. You may want to contact your insurance agent to see if they offer NFIP or private flood insurance policies. Keep in mind that there will generally be a thirty-day waiting period for a new policy to take effect, so don’t wait until the last minute. You may also want to remember that federal disaster assistance is only available in the event that a Presidential Disaster Declaration is made. Plus, it typically comes in the form of a low-interest loan. Thus, it is not planned to restore your home to the condition it was in before the disaster. 

JC Demo Insurance Group Serving Matthews, NC

If you are in the Matthews, NC area and are in the market for home insurance, we at JC Demo Insurance are happy to help you. Give us a call today for more information.