Month: April 2020

How Matthews, NC Residents Can Protect Their Car With Auto Insurance

Posted on by AgentInsure

It’s important to protect your car with auto insurance in Matthews, NC. Although you will want to adhere to state standards, there are optional coverage levels that you can explore, too. With the help of our agents at JC Demo Insurance Group, we can see to it that you have a customized policy.

What the State Requires

The easiest and fastest way to protect at least the basics of your car is with the state-mandated insurance in North Carolina. The state requires you to maintain a certain minimum level of liability for property damage and bodily injury. This coverage will be a part of any auto insurance that you buy. It will cover you in the event you’re in a collision with another vehicle.

After you meet the state requirements, you are still vulnerable to other scenarios, including:

  • Collisions with debris in the road, animals, and other non-vehicles
  • Hail and storm damage
  • Hit and runs

The good news is that there are a few other forms of coverage that you can choose to add to your policy.

Exploring Optional Coverage

Our independent insurance agents can help you to explore collision and comprehensive coverage. Neither of these is required by the state but can offer a significant amount of protection in the event that you get into an accident or experience some kind of damage.

Collision coverage protects you against any collision that might occur with a non-vehicle. Whether you experience a rollover when going around a sharp turn, collide with a guard rail, or hit a deer in the middle of the road, you would be covered.

Comprehensive coverage protects you against all non-driving related incidents, such as hail damage, a rogue shopping cart, or something else that might occur when you’re not even behind the wheel.

Start shopping for more comprehensive auto insurance in North Carolina by calling us at JC Demo Insurance Group today.

Does my home insurance policy change after paying off my mortgage?

Posted on by AgentInsure

Congratulations on finalizing your mortgage payment and welcome to the rank of homeowners in Matthews, NC. While paying off your mortgage comes with innumerable benefits, there is a lot of confusion and uncertainty regarding home insurance. Your mortgage must have come with mandatory home insurance from the lender. However, with the mortgage gone, you have a choice to either keep your home insurance or get rid of it. If you ask us at JC Demo Insurance Group, the latter is always a bad idea. So, what happens after you pay off your mortgage?

Does it change? 

A big yes. When you pay off your mortgage, a lot of changes with regards to your insurance. You are likely to receive several documents; one from your lender stating that your loan is fully paid, canceled promissory note, your canceled deed of trust or mortgage, and a certificate of satisfaction. A promissory note is what you signed when you took out a mortgage, which required you to pay your lender based on the agreed timeframe and interest. The mortgage is the agreement that grants your lender the title of your home.

What about your home insurance?

By now, you know the importance of home insurance and that you need it now more than ever. You don’t want to start dealing with fire damages or burglaries in your home just when you have owned it. An important step here is to inform your insurance company that you are the sole owner of the property so that they can remove your lender’s name. Failure to take this step can cost you penalties. If you keep your home insurance, you might also need to update your payment options and have your bills sent straight to your home.

Now that the challenging parts are over, it’s time to review your home insurance policy and update it accordingly. Speak to any insurance agent at  JC Demo Insurance Group serving Matthews, NC, and they will help you get some value for your money.