My Apartment in Matthews, North Carolina has been Broken into and items stolen. Am I Covered for this Loss?

Posted on by AgentInsure

When you purchase homeowners insurance for your apartment in Matthews, North Carolina, you may worry about what is covered and what is not. Although the specifics of your policy will vary based on the insurer and the amount of coverage that you purchased, your home coverage may protect the contents of your apartment as well as the property.

Basic Coverage

Coverage for a home may include several factors. In most cases, insurers will protect your personal belongings if they are stolen or damaged from a situation that is beyond your control.

Theft may be covered, but the amount of coverage will vary. Depending on your policy and the type of protection plan that you purchased, you may be reimbursed for the full replacement value or the value after depreciation.

Making a Claim

When you determine that the contents of your apartment are covered under your plan, it is time to make a claim on your policy. Before you contact your insurer, call the police and make a formal report. A police report is proof of the theft and the damages to your apartment.

Call the insurer and explain the situation. The insurer may ask you to send a copy of the police report and any documents that prove that you owned the items, such as a receipt or a picture.

In most cases, insurers will protect your personal belongings and reimburse you for the loss as long as you have a record to prove that you owned the item and you have a policy that protects your contents as well as the structure. The amount of coverage you have may vary, so it is important to read through your policy. To learn more about your policy or coverage plan, contact us to speak to an independent agent today.

Does the Type of Car I Pick Affect my Insurance Rate in Charlotte, NC?

Posted on by AgentInsure

Buying a new car is exciting, but it can come with some unexpected costs that are overlooked. When it comes to auto insurance, the type of car you purchase in Charlotte, North Carolina will impact the amount you pay each month. Although it does impact your rate, the specific policy that you purchase and the situation will determine how your rates are affected.

Basic Liability

If you only purchase the minimum liability policy, then the type of car that you own may not impact your rate dramatically. The reason is simple: the insurer is not paying for damages to your vehicle.

Even if you have the most expensive car on the road, if you do not cover the vehicle for damages, then you may not see dramatic differences in your current coverage price.

Comprehensive Plans

Although a basic liability policy may not dramatically impact your auto coverage rates, it is likely that the vehicle you select may impact your rates dramatically if you purchase a comprehensive policy.

A comprehensive policy protects your vehicle when it is damaged from storms, a tree branch or similar situations, so your insurer may increase the rate if you select a car that has expensive repair parts or that has a high replacement cost. If you pick a vehicle that is not expensive to repair or replace, then your rates may stay the same or even reduce.

The impact of your vehicle on insurance rates will depend on the insurer and the particular plan that you select. In some cases, your rates may stay the same. In other situations, it may increase or decrease after you purchase a new vehicle. If you want to learn more about the impact of your vehicle on your policy rates, contact us to talk to an independent agent.