Month: June 2016

The five biggest mistakes people make when purchasing home insurance

Posted on by AgentInsure

When you choose a home insurance policy, remember that your policy will probably be sticking with you for years to come. This means that any mistakes you make in choosing your policy could cost you some long lasting headaches. 

Before committing to a policy, make sure you avoid the following five common mistakes people make when purchasing home insurance:

  1. Focusing too much on prices- As with any other product, you get what you pay for with home insurance. You need to pay attention to how much you’re paying and what you’re getting for what you’re paying. However, you also need to pay attention to how financially secure the insurance provider you’re choosing is so you can be sure of receiving reimbursement for your claims when you’re eligible for it. 
  2. Ignoring policy exclusions- Policy exclusion on home insurance typically include things like earthquake damage, mold damage, and infestation damage. Pay attention to these exclusions and shop around to find a policy that doesn’t exclude coverage for damages that your home could potentially be at risk of. 
  3. Opting for an unaffordably high deductible- High deductibles typically go along with low monthly premiums, so many policyholders choose a policy with a high deductible to save money in the meantime in hopes that they’ll never need to file a claim. Of course, this could leave them in a very difficult situation if damage does occur and a claim needs to be filed. 
  4. Neglecting to shop around for discounts- You may be able to enjoy discounts by getting numerous insurance policies through one provider or by belonging to certain professional associations.

Looking for more advice on choosing the best home insurance policy available? Contact JC Demo Insurance Group with your questions and inquiries. 

Life Insurance – What are the common different types of life insurance?

Posted on by AgentInsure

Life insurance is important because it allows your family members, whether it be a spouse, children, or parents, to have financial support if you should die.  There are  various types of Life Insurance that can be chosen which offer different financial options and some can offer investment opportunities.  With a bit of knowledge, making the right choice as to which type of life insurance to carry and what fits your needs can be simple.

Term Life is generally the cheapest option for life insurance and the premium paid is a fixed amount each month. This type of life insurance is only good for a fixed amount of time that you pay on it, called a "term".  Once that term is over, which plans usually are 10, 15, 20 or 30 years, so is the life insurance and it will no longer pay out should you die.

Whole Life is considered a permanent policy and will last as long as you are alive and will not expire as term life insurance will.  Premiums are higher than term life but again, are a fixed amount you pay each month.  You can also borrow against the money you have paid in premiums.

Universal Life is also considered a permanent policy but the premium you pay can be flexible as it allows you to change the premium you pay based on a person changing based on life changes.  The premiums also accrue interest which can be used to pay the premium if wanted.

If you want to learn more about each option available and others, call JC Demo Insurance Group at 704-541-5155 or visit us at http://www.jcdemoinsurance.com to learn more about the various types of life insurance and to get started with a new plan.