insurance

Does Commercial Insurance Cover Employee Theft?

Posted on by AgentInsure

Commercial insurance may not always be required in Matthews, NC, but most business owners choose to obtain it for added protection. Understanding what your policy covers, as well as what it doesn’t, is essential for handling emergencies or business losses, including theft.

Theft Coverage

It’s essential to consult with an agent at a company like JC Demo Insurance Group to verify whether theft is covered under your policy. Some policies specifically exclude theft or may exclude high-risk items such as jewelry or electronics. An experienced representative can review the fine print of your policy to ensure you are fully informed about your coverage.

Theft Claims

Even if your policy allows you to file a claim for theft, you may want to consider the implications. Each theft incident typically requires a separate claim, even if multiple thefts occur at your business. For example, if there are fifty cases of petty theft, you would need to file fifty individual claims. This could lead to an increase in your monthly premium. Additionally, you will need to pay the deductible, which may be more expensive than the value of the stolen item itself.

Employee Theft

Many commercial insurance policies exclude coverage for theft or damage caused by employees to prevent insurance fraud. This policy standard is designed to ensure that business owners do not collaborate with employees to receive insurance payouts. It is important to understand that this exclusion is not a personal issue against the business owner but rather a common practice in the industry.

If your insurance policy does not cover employee theft, you will need to report the incident to the local police department and press charges. In some cases, a judge may order the employee to pay for the stolen items.

Understanding the specifics of your insurance policy is crucial for protecting your business. At JC Demo Insurance Group, our experienced representatives are here to help you navigate your coverage options. Contact us today to learn more about our services. We proudly serve the Matthews, NC, area.

Life Insurance Ensures You Don’t Leave A Debt Burden Behind

Posted on by AgentInsure

Life insurance is a valuable financial tool for individuals of all ages, offering protection and peace of mind for your loved ones. It ensures that your debts, such as credit card balances, auto loans, or luxury item loans, don’t become a financial burden for your family in the event of your passing. At JC Demo Insurance Group in Matthews, NC, we specialize in helping clients find the right life insurance to meet their unique coverage needs.

Many Debt Burdens Must Be Paid Even After You Pass Away

Debts like mortgages, car loans, credit card balances, and other financial obligations often remain even after you pass away. While you may feel you have plenty of time to pay them off, unexpected events can leave co-signers or family members responsible for these payments. Life insurance provides the necessary funds to discharge these debts, allowing your loved ones to continue their lives without financial strain.

You Can Choose the Level of Insurance Coverage That Fits Your Needs

Life insurance policies come in various types, each with its own advantages and disadvantages. A candid discussion with your insurance agent can help you determine the appropriate level of coverage to prevent your loved ones from facing a debt burden. Tailoring your policy to your specific needs ensures you’re adequately prepared for the unexpected.

Make JC Demo Insurance Group Your Agent for Life Insurance Coverage

If you’re new to purchasing life insurance, you may have questions about policy types and coverage levels. At JC Demo Insurance Group, we provide expert advice to guide you through the process. In addition to life insurance, we offer a range of products, including home, auto, and business insurance. Contact JC Demo Insurance Group in Matthews, NC, today for a no-obligation quote and ensure your passing doesn’t leave a financial burden for those you care about.

Can My North Carolina Auto Insurance Company Charge Me More Because of a Disability?

Posted on by AgentInsure

For drivers in Matthews, NC, who have a disability and want to understand the factors that influence auto insurance rates, JC Demo Insurance Group is here to help. Our agents can provide the most current information, remove any guesswork, and answer all your questions to ensure you’re being charged correctly.

Americans with Disabilities Act

Good news for North Carolina residents with disabilities who drive—the Americans with Disabilities Act (ADA) prohibits insurance companies from increasing auto insurance rates solely because of a disability. While the ADA enforces non-discrimination laws to protect you, there are specific factors that may still affect your rates.

Factors That May Increase Insurance Rates

Several factors could impact your policy rates, including:

  • Modifications to customize your vehicle, such as extended pedals.
  • The option to increase your comprehensive and collision coverage to account for vehicle modifications.
  • Additional supplemental coverage to protect custom equipment and parts for your vehicle.
  • A medical condition that affects the safety of you and other drivers.
  • A physical limitation that may increase safety risks.

It’s important to note that only a medical professional or the North Carolina Department of Motor Vehicles can determine whether you are fit to drive and whether a medical condition or physical limitation poses a safety risk.

Contact JC Demo Insurance Group

If you have questions about your auto insurance rates in Matthews, NC, and believe you may be overpaying due to a disability, call JC Demo Insurance Group. We’ll review your current policy and discuss options for a new plan that could save you money.

Reasons to Review Your Home Insurance Policy Annually

Posted on by AgentInsure

Life changes quickly. One year, you’re remodeling your kitchen, the next, you’re adding a new roof, or finally turning that spare room into a home office. While these updates improve your home’s value and functionality, they can also impact your insurance needs. At JC Demo Insurance Group in Matthews, NC, we often remind homeowners of the importance of reviewing their home insurance policy annually.

Your Coverage Should Grow With Your Home

If you’ve made upgrades or renovations, your current policy might not reflect the true value of your home. This means that if something were to happen, you could be underinsured. Reviewing your policy allows you to adjust your coverage to protect your home’s current value, not what it was worth last year.

Life Events Can Shift Your Needs

Maybe you’ve welcomed a new pet, added a backyard pool, or started renting out a room. These types of changes can impact your liability coverage. Even if you haven’t made major updates, your personal belongings may have increased in value. Annual reviews ensure that everything important is still protected.

Rates and Options Change Too

Regularly reviewing your policy can reveal opportunities to save money or take advantage of new coverage options. You don’t want to miss out on better protection simply because you didn’t take the time to check.

Taking a little time once a year can make a big difference in how well your home is protected. If it’s been a while since you’ve reviewed your policy, JC Demo Insurance Group in Matthews, NC, is here to help. Let’s make sure your coverage still fits your life.

What Is the Difference Between Liability Only and Comprehensive Auto Insurance?

Posted on by AgentInsure

When you need auto insurance, it’s important to choose the right type of coverage for your vehicle and budget. There are several types of auto insurance available, including liability-only and comprehensive coverage. The professionals at JC Demo Insurance Group, serving Matthews, NC, can help you decide which type of auto insurance is best for your needs. If you have questions about liability-only and comprehensive auto insurance, we’re here to provide answers! Here’s what you need to know.

What Is Liability-Only Auto Insurance?

Liability-only auto insurance is a type of coverage that pays for damages to the other vehicle if you cause an accident. However, it does not cover your own vehicle. This is the minimum type of auto insurance required in most states. Many people opt for liability-only insurance if they have older cars that they can afford to replace in the event of an accident.

What Is Comprehensive Auto Insurance?

Comprehensive auto insurance covers the cost to repair or replace your vehicle in the event of non-collision incidents, such as theft, fire, or natural disasters. However, it does not cover damage caused by a collision with another vehicle. Comprehensive insurance is a good option to consider if your vehicle is at high risk for theft or other non-collision events.

What Type of Auto Insurance Is Right for Me?

If you’re unsure about which type of auto insurance is best for your needs, the professionals at JC Demo Insurance Group, serving Matthews, NC, are here to help. We can assist you in shopping for an insurance policy that provides the right level of coverage at a price that fits your budget. Contact us today to get started!