Online Insurance Quotes for North Carolina

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Purchasing protection for your car in Charlotte, NC can be simple if you are using online tools to compare quotes and find the best options. Insurance quotes can be impacted by several factors, but it is possible to find information and obtain quotes without wasting time if you use online tools.

Standards to Consider

State requirements focus on liability and uninsured motorist coverage. You will usually need to purchase both policies to meet the minimum requirements that are set by the state.

Additional coverage and standards are a personal choice. The quotes that you obtain can be directly related to the policy that you select and the type of plan you want to purchase. Usually, a comprehensive policy will cost more than the basic coverage that only meets the state standards, but the coverage that you are provided is more comprehensive.

Comparing Plans

Insurance quotes give you a place to start when you are comparing plans because it is the premium that you can expect to pay. Premiums can vary based on a variety of factors, so you will want to consider the coverage as well as the price when you are comparing your options.

Look at the quotes to avoid any policies that exceed your budget and are not appropriate for your needs. You can compare coverage for policies that are within your budget so that you can get the plan that is best for your needs.

Cars need an insurance policy to protect against liability concerns or other problems that may arise, but that does not mean you must put up with high-cost bills. You can compare quotes using online tools to avoid unnecessary spending on coverage that you do not want or need. To learn more about your options, contact us to talk to an agent today.

Does commercial insurance cover for losses resulting from equipment breakdown?

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Running a business that requires the use of heavy equipment can result in a variety of risks in Matthews, NC. Although the risks can range from injuries and accidents, a problem that you may overlook when seeking an insurance policy is the chance that the equipment might break down. Commercial insurance may or may not offer some protection against broken down equipment.

Amount of Coverage

In general, it is unlikely that your basic commercial insurance policy will offer protection against broken down equipment. Since the problem may stem from normal wear and tear, the amount of protection can vary.

Some insurers may offer protection under the policy, but the amount of coverage and the situations that are covered may be limited. For example, you may be covered if the equipment breaks down due to a situation that does not relate to normal wear and tear.

Covering the Equipment

Even though your basic policy may not have the coverage that you may need, it is possible to cover the equipment with an insurance policy or additional coverage for the equipment. Some insurers do offer plans and additional protection to cover the loss of equipment due to a break down, regardless of the situation.

The coverage that may be available and the plans it may apply to can vary, so it may be necessary to discuss your options with an agent or a representative of your insurer before you determine that the coverage will not apply.

Equipment is an important part of many businesses, so you may need to purchase additional protection to ensure that you do not face large losses if your equipment breaks down in the future. Contact us to talk to an agent for more details about your options.

Is replacement cost value or actual cash value a better choice for homeowners insurance?

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When you’re selecting homeowners insurance, one of the decisions you have to make is whether to choose actual cash value or replacement cost value in the event that your belongings are damaged, destroyed, or stolen. These two terms may sound interchangeable, but in reality the differences have a big impact on how much you receive after a claim.

Actual cash value looks at the value of the property, and then adjusts the cost for depreciation. The depreciation adjustment looks at the age of the property to calculate loss due to wear and tear. The value produced is the cost of the item minus what the insurance company calculates for the deprecation.

Replacement cost value does not factor in depreciation. Instead, it simply looks at the cost it would take to replace your property with comparable, new items. To get claim money from replacement cost value policies, you need to replace or repair the item to provide the insurance company with the actual cost of replacement.

Replacement cost value provides you with more thorough coverage on your property, but these policies are more expensive than actual cash value policies. Some insurance companies also offer agreed upon value as a third option. The insurance company creates a list of standard replacement costs for various item types, and that’s what you end up receiving if you need to make a claim.

The last thing that affects how much you receive from the insurance company for a property claim is co-insurance. If you do not report the full value of your insured property, co-insurance levies a penalty against the amount that you receive for the claim. The actual penalty amount varies from company to company.

Does homeowner’s insurance cover repairs for a garage door or even replacement?

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It happens more often than you might think. Someone hits the gas instead of the brake–or stops paying attention for a split-second–and your garage door crumples like a paper bag. Now what? Whose insurance covers the damages?

Does homeowner’s insurance pay for garage door damage?

The only way to find out for sure whether or not your home insurance covers garage door damages is to call your agent or read your policy to find out. If your insurance policy lists "collision" as a named peril, then driving into your garage door is almost certainly covered, though it does depend on who was driving the car when the accident occurred.

If you or a member of your family was driving the vehicle that damaged your garage door (or a section of your home), your homeowner’s insurance is the most likely candidate for covering the damage. If someone else was driving the car, their auto liability insurance should cover the damages.

If my home insurance won’t pay for the damages, what are my other options?

If you’ve checked your policy and determined that your home insurance won’t pay for the garage door damage, your next step is to check with your auto insurance provider to see if your policy covers the damage. If you have a comprehensive policy, it might cover the damages to your car and to your garage as well.

If you have more questions, you can find answers by contacting us here in Matthews, NC. As local agents, we’ll be able to give you a good idea of the type of insurance that will protect you and answer questions about the ways auto and homeowner’s insurance overlap.

What are the benefits of Commercial Auto Insurance?

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There are a number of important benefits that commercial auto insurance can offer you, with one of the most important being that your business can stay compliant with the local and state laws by having this type of policy. The law requires that everyone maintains at least the state minimum auto insurance coverage for any vehicle you drive. You can also easily work with your independent insurance agent to work out additional coverage that will provide even more protection when disaster strikes.

The main benefit of commercial auto insurance is the coverage that it provides to both your employees and yourself. Any time that you are behind the wheel of a vehicle that is covered by your commercial car insurance, you will have coverage for that vehicle and for any other vehicles that may be involved in an accident you are a part of.

Commercial car insurance is an important protection for not just your car but also for your whole business. If your company vehicle were to be involved in an accident in which others were seriously hurt or killed, the liability for that could rest on the shoulders of your company. If the damaged party filed a lawsuit, the judge could award damages that could eat up all the profits from your company, and could in fact bankrupt your business. By having commercial car insurance, situations like this are entirely avoided thanks to the liability coverage.

You can work with an online auto insurance agent who can give you live comparative quotes for your business car insurance. Visit our site for live quotes from all the major carriers in just minutes!

Can a person have multiple life insurance policies at a time?

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When you think about all of the different types of insurance you can buy, you normally think about one policy for each risk that you want to cover. If you have a car or a business, a single policy will provide you with the coverage you need. The same may be true for health insurance and home insurance. Why then would someone in Matthews, NC want to buy more than one life insurance policy?

It is not all that unusual for an individual to have multiple life insurance policies. It is also perfectly legal to have as many life insurance policies as you want. As long as you can find a life insurance company willing to write a policy on your life, and you pay your premiums, you could have a hundred separate life insurance policies.

While it might be a little ridiculous to own so many policies, some people feel more comfortable buying multiple life insurance policies to get the amount of coverage they need. If you want a million dollar term life policy, you could buy a single policy from one insurer, or you can buy 10 separate policies in the amount of $100,000 each.

If you purchased a whole life policy when you were young and your life changes so you need more coverage, you may want to buy a second life insurance policy. A whole life policy may be used as part of your retirement planning. A term life policy may be used to protect your minor children for a period of time until they are out on their own.

Life insurance can cover different events. While you can buy one policy in any amount you choose, sometimes, it is more convenient to buy two or more different policies. Some people use the proceeds of one policy to pay estate taxes. Some people buy a specific policy to cover the remaining principal on their mortgage. Whether you buy one or several policies is up to you. An independent agent can help you decide the best course of action to take when you need life insurance.

Can husband and wife remain on life insurance policies after the divorce?

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Getting a divorce can result many different changes, but it does not necessarily mean that a husband and wife are no longer under the current life insurance policy of other individual. Life insurance policies do not make automatic changes to the beneficiary of a plan, so it is necessary for you to change the person listed as your beneficiary if you get divorced and no longer want your ex-spouse to receive the funds if you pass away.

Providing Proof

Depending on your insurer, it may be necessary to provide proof of the change to your life situation and circumstances before you are able to make changes to your current policy. Some insurers may allow you to make changes on a regular basis without proof of a divorce, but sudden alterations or changing certain types of plans may require additional documentation.

Proof of the change to your life circumstances can take the form of a copy of the documentation after you leave the court.

Keeping the Current Beneficiary

Just because you are no longer married, it does not mean you are required to change the beneficiary on your plan. Insurers allow you to name any individual or organization as your beneficiary. You can also name more than one person with a set percentage of the amount.

If you determine that you want to maintain coverage and keep your ex-spouse as your primary beneficiary, then you do not need to make any changes or you may want to focus on altering the percentage if you have more than one beneficiary.

An ex-spouse is not automatically removed from your life insurance plan, so making any changes will require you to contact your insurer. Contact us to talk to an independent agent for more information.

What is the importance of being the first named insured on an insurance policy?

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Insurance policies often include the declaration, insuring agreement, exclusions and conditions sections. The exclusion section describes specific items or events for which the policy offers no coverage, and the conditions section identifies the terms under which the policy is effective and valid. The agreement section states the covered items and summarizes the policy. The declaration page is often the first section of policies. It lists what and whom the policy covers.

What Is A Named Insured?

When you purchase an insurance policy, you’ll name people, including yourself, and entities that the policy insures. These are named insureds, and they are declared in the first section of the policy. Named insured have insurable interest in the policy, which means they share in the financial benefits if there is a covered loss.

First Named

The first named insured often is the owner of the policy. If you are this person on an insurance policy, your name is indeed listed first in the policy declarations section. It also means that you are responsible for managing the policy. You initiate applicable changes to the policy, such as adding additional insureds, and cancelling the policy. You’ll likely b the one making premium payments, and you’ll also be the one that receives refunds and policy update notices.

Additional Named Insureds

Courts in Matthews, NC recognize additional named insureds. If you need to name another person or entity in your policy because of some contractual agreement, give us a call so our Matthews community agent can help you update your policy. You’ll likely add them after the insurance company writes your policy, so the insurer will usually list them as addendums to your policy. They have the same rights as named insureds that are listed in the declarations section – though not the same as the first named insured.

Does every licensed driver in a household require that they be on the same auto insurance policy?

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You’re in a situation where you have multiple drivers living in the same household, and you’re not sure whether everyone needs to be listed on your policy. In this type of situation, insurance companies assume that all household members have equal access to the vehicles. Due to the potential risk that this causes, many companies require all drivers to be listed on the same auto insurance policy. This may include household members who do not currently hold a license, but have been licensed in the past. In addition, if other household members have their own cars, adding multiple automobiles under the same policy is helpful for decreasing your insurance costs. Multi-car discounts add up fast, although this can backfire if one of the household members has an accident or moving violation.

If you have roommates or other non-family members in the household and you don’t want them sharing a policy with you, some insurance companies allow adjustments to the auto insurance policy. You have to prove that the household member is an excluded driver from your policy. Each company has their own requirements for qualifying as an excluded driver. Generally, the household member has to prove that they hold their own insurance policy on their vehicle, and they will not be driving your vehicle.

Insurance companies may penalize you if an excluded or uninsured driver ends up getting into an accident while driving your vehicle. You are held liable to costs associated with the accident. It’s also likely that the insurance company will cancel your policy in this situation.

My lawn equipment is stolen from my house will homeowners insurance cover this ?

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Nothing is more irritating than finding that expensive personal belongings have been stolen from your house. Depending on the situation, you may discover that your homeowners insurance has limitations on the coverage that you have purchased. When your lawn equipment is stolen from your house, you may have coverage to help pay for the replacement cost, but the amount that is available can vary.

Provisions for Theft

Many homeowners insurance policies do have solutions to help pay for the replacement of personal belongings that are stolen from your house, including the lawn equipment. The problem that may arise is related to the amount and the method of calculating the loss.

Some insurers will give the full replacement value of the item. Other insurers may only offer the replacement value after subtracting the depreciation rate from the item. You may also discover that there is a maximum limitation on how much you can claim for personal belongings like lawn equipment.

Protecting Against Theft

Before you assume that your policy has enough to protect against the theft of expensive items, evaluate the details of your plan. In some cases, you may need additional protection due to the high cost of replacing lawn equipment or the limitations in your policy. Many insurers will only provide a percentage of the policy to help pay for the replacement of stolen items. That may mean that you do not have enough to pay for the full cost of replacing expensive equipment.

Every insurance policy is different, so the details about your plan may vary. In some cases, you may want to consider additional protection for expensive equipment or items if you are not sure that your current plan is appropriate. Contact us to talk to an agent for more information.