Who needs to get home insurance in North Carolina?

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People that live in the Matthews, NC area are going to have a variety of housing options that they can consider. For a lot of people, a great option is to purchase a home. If you do decide to become a property owner, you will need to make sure that you are protecting your investment. There are many situations in which someone will need to have a home insurance plan. 

Those that Want to Protect Asset

A situation in which people need to get a home insurance plan is when you want to protect their assets. Those that are going to purchase a property will be making one of the biggest purchases of their life. To ensure that your asset is covered, you need to have home insurance. With a home insurance plan, you are going to get the coverage that will repair or replace your property if it is severely damaged.

Those With a Mortgage

You will also want to get a home insurance plan when you want to get a mortgage. With historically low-interest rates, now is a great time to take out a mortgage. If you have a mortgage out against your home, you need to meet your lender’s requirements. This will include making sure that you have a full home insurance plan that will cover your asset. 

As you are going to look for a new home insurance plan in the Matthews, NC area, it would be a good option to call JC Demo Insurance Group. As you are looking for a new insurance plan, you will need to make many different important decisions along the way. The team with JC Demo Insurance Group can help to answer and address your questions and ensure you remain properly covered. 

3 Things You Might Not Know About Auto Insurance

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The better you know your insurance policy, the safer you’ll be driving around Matthews NC. Here are three things most drivers don’t know about auto insurance:

  1. More expensive vehicles don’t always cost more to insure. The value of a car is one factor, but insurance companies are weighing that against a thousand other factors, too. A safer car is almost always going to cost less to insure, even if it cost more to buy.
  2. Classic car insurance doesn’t just mean "old cars." You can get almost any car covered under a classic insurance policy, but it’s not always worth the hassle, even for classic cars. Under a classic car policy, there may be limits to how often you can drive your own car. So for many drivers, a standard policy is just fine, even on a classic Mustang.
  3. You’re not covered for business driving. You’re covered for getting to and from work, you may be covered for limited business use. But you’re probably not covered under your personal policy for delivering pizzas, making bank runs, or driving clients around town. You’ll need to talk to your insurer about extending your policy to business activity if you’re planning to run a company out of your driver’s seat.

If you have any questions, or if you’re ready to sign with a new insurance provider, get in touch with JC Demo Insurance Group. The right agency can get you the right policy by looking through all of your options and finding the one that works best for you, and that’s what Matthews NC drivers can get from JC Demo Insurance.

Why should I get a life insurance policy?

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People that are in the Matthews, NC area need to spend time considering all of their personal insurance needs. One important form of insurance coverage that they need to get is life insurance. A full life insurance plan offers financial protection to your dependents. There are a few reasons why you need to get this insurance coverage when you are here. 

Protect Your Dependents

A key reason to get life insurance when you are here is that it can protect your dependents. When there are loved ones that rely on your and your financial resources, you need to make sure that they have financial resources if you happened to pass away. When you get a life insurance plan, you are able to build it to ensure they have the necessary protection to live the same lifestyle. 

Alternative Investment Option

You can also use life insurance to invest in your future. With whole life insurance, you will get the life insurance benefit to provide coverage and can also use the policy as an investment. With each payment, some of the money you spend will go into an account that will build in value slowly over time. Eventually, it can be liquidated and used for any purpose that you want. 

Getting life insurance is important for anyone that is in the Matthews, NC area. If you would like to learn more about your life insurance needs and options, it would be a good option for you to call JC Demo Insurance Group. Picking a quality insurance plan can seem very complicated and the team at JC Demo Insurance Group can make it easier for you. They are able to do this by assessing your needs and helping you build a plan that meets your needs. 

Required Commercial Insurance in North Carolina

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When you have a small business or even a larger one, there are certain types of insurance that the state of Kentucky requires you to have. There are two main types required in Kentucky, but there are many other types of commercial insurance that comes recommended but not required. Call us at JC Demo Insurance Group in Matthews, NC to find out more. 

Workers’ Compensation Coverage

This is a type of insurance that business owners must have if their business has three or more employees. It doesn’t matter whether they are full-time or part-time. This insurance policy pays employees’ medical bills for injuries and sicknesses that they get while in the workplace. With this insurance coverage, you can protect your business against hefty medical bills that could place your business in financial trouble. 

Commercial Auto Coverage

For North Carolina businesses, every vehicle that the business owns must be insured with a commercial auto policy. This policy provides several different types of coverage, and the state sets the minimum amounts for each of these coverage types. The state sets mandatory minimum amounts for several types of auto coverage that must be met. There is a specific amount that must be met for injury liability for one person as well as another amount for injury liability for everyone who was injured in an accident. There is a set amount required for your property damage liability. Another minimum amount is required for uninsured motorist coverage for one person who was injured. Another amount is mandated for everyone injured in the accident. There is also an amount required for uninsured motorist property damage for the entire accident. 

Get Your Commercial Coverage

If your business needs these or other commercial insurance policies, contact us at JC Demo Insurance Group in Matthews, NC to talk with an insurance agent. 

Does Home Insurance Cover Rental Property?

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When you decide to earn extra money from renting out some space on your property, you’re becoming a landlord in Matthews, NC. As a result, you’ll face some risks associated with a rental property, such as loss of income. While you may have a homeowner’s policy to cover your personal belongings and other valuable assets, it may not serve your needs as a landlord.

Home insurance can adequately provide coverage for your whole property and your private assets. But when it comes to landlord insurance to offer protection from other risks, it’d be advisable to have a separate cover. It’s because you’re now running a business, and as such, the risks you’ll cover cannot be the same as those of a homeowner’s policy. It’s essential to treat them differently.

A rental dwelling policy will kick in if, say, a tenant or a guest on your property is injured. For this reason, standard home insurance may not be useful in this situation.

Another issue to consider is the length of time you’ll rent out part of your property. The longer it’ll be on rental, the more important you should have a landlord policy. Although you may have rental dwelling insurance, your tenant’s private possessions may not be covered. In this case, it’d be a good idea for them to have a renter’s insurance though it may not be state mandatory.

The last consideration is that a landlord policy would be suitable if you rent out a permanent property. You may not use the standard homeowner’s policy.  But if you’re unsure whether your space can be considered as a rental, JC Demo Insurance Group can help you in this regard.

Still, have more questions in connection with homeowner’s insurance? Contact JC Demo Insurance Group in Matthews, NC.

When do people in North Carolina need auto insurance?

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In the state of North Carolina, owning a car is a great option and investment. Those with a car will enjoy the convenience that it can provide. People that live in the Matthews, NC area will always benefit from having a proper insurance policy. There are several situations when someone here is going to need to have an appropriate auto insurance policy. 

When Taking Out a Loan

A common situation when people in this state need to have auto insurance is when they are getting financing for the vehicle. Buying a vehicle is a big purchase and a lot of buyers have to take out a loan to complete the purchase. If you do decide to take out an auto loan when you are buying a car, you will have to comply with your lender’s auto insurance requirements.

When Trying to Comply with Law

You will also need to have an auto insurance policy when you are trying to comply with the law. People that are all over the state of North Carolina are bound by state laws regarding having at least some liability insurance. If you do not have this insurance coverage, you will not have protection if you cause damage in an accident. Due to this risk, all drivers are required by law to carry liability coverage and those without it could face penalties.

Picking the right auto insurance policy in the Matthews, NC area should be taken very seriously. If you are going to pick a new insurance policy here, you should call the JC Demo Insurance Group. Anyone that speaks with the team at the JC Demo Insurance Group can learn about their insurance options and get into a proper policy that will ensure full compliance with the law and all requirements. 

What is a business owner’s policy?

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What is a business owner’s policy?

While North Carolina law does not require your Matthews NC business to carry a commercial insurance policy, JC Demo Insurance Group wants to explain why purchasing a business owner’s policy (BOP) provides you the financial protection you can’t afford to miss.

A BOP provides you with the three most common business insurance types in one policy. You save money since the premium costs less than purchasing the coverages separately. You need business insurance to protect you from business loss caused by named perils, the insurance term for weather events such as a tornado, hurricane, hail, etc. a BOP also protects you in liability issues such as if a customer slips and falls in your store, injuring themself. Finally, the BOP protects you from business interruptions such as closure while repairs from a fire take place.

If you apply for a business loan or try to land venture capital or angel investor funding, your insurance will comprise one of the top things they ask to see. Others include your business plan, business continuity plan, and your marketing plans.

A BOP from JC Demo Insurance Group includes business interruption coverage, liability coverage, and property damage. This provides businesses of any size or type from solopreneur to corporation with the essential coverage to protect their financial health as well as their physical business property.

While a BOP does not fulfill the needs of every company, you can find out if it fits your business’ needs by contacting JC Demo Insurance Group today. We serve the Matthews, NC area with the business insurance it needs to protect the economy. Talk to your agent today to learn if you could benefit from a BOP policy or if you need other types of business insurance such as a boiler policy or glass insurance.

5 Benefits of having a life insurance policy

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Having life insurance is an essential lifetime financial strategy. Besides protecting your loved ones from financial distress when you pass on, you can derive many benefits from the life policy while still alive. At JC Demo Insurance Group in Matthews, NC, we will walk with you on the various life insurance types and customize one that meets all your needs.

Benefits of life insurance 

  • Loan security

Your life insurance policy can act as security for loans in a bank. This could cater to such things as emergencies, school fees, or act as your retirement supplement. You don’t have to put your life investments on hold while saving for your life insurance policy.

  • Tax-deferred growth benefits

Holders of life insurance policies receive tax relief on their incomes. The tax relief can act as a source of income with the benefits being used for other investments.

  • Term benefits

Benefits from life insurance can be paid back on different terms. You can have these terms coincide with major life events such as your children’s graduation or for your planned wedding.

  • Debt payment

Life insurance benefits can be used to repay off your mortgage upon your demise. The benefits can also be used to pay for crucial expenses such as medical bills or your children’s tuition fees. This is essential as it lifts the heavy financial obligation on your loved ones.

  • Burial final costs

The burial costs could be overwhelming for your family. Life insurance benefits will ensure that you get a decent burial.

  • Family inheritance

To maintain your family’s current living standards, life insurance benefits can be awarded as a form of inheritance to your family members. Our agents at JC Demo Insurance Group will discuss the kind of life you want for your family upon your demise and the most appropriate sum assured.

Please visit our website or talk to our agents at JC Demo Insurance Group in Matthews, NC, on life insurance’s many benefits.

Is Flooding Covered Under Home insurance?

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Standard homeowners’ insurance does not provide coverage for damages related to flooding. It’s also imperative to understand the risk involved with flooding and weigh your insurance options to ensure that your home in Matthews, NC is fully protected.

Many residents of Matthews, NC assume that all-natural perils get covered by insurance, but this is not applicable when dealing with floods. Homeowners require to purchase separate flood insurance to cushion them from flood water damage. If you are designated in a flood-prone area or suspect that you live in a flood zone, it’s vital to buy insurance as early as possible because most flood covers come with 30 days waiting period. At JC Demo Insurance Group, we highly recommend homeowners in Matthews NC to purchase an additional separate flood insurance policy to cushion them when this natural disaster strikes.

What is covered by floods insurance?

The National Flood Insurance Program(NFIP) is responsible for providing flood insurance to many US residents. Though (NFIP) is owned and controlled by the federal government; you can buy a flood insurance cover through our JC Demo Insurance Group agents. Flood insurance covers the following damages according to NFIP:

  • Water heater, heat pumps, and central air conditioners.
  • Permanently installed carpets.
  • Staircases, anchorage systems, and foundation walls.
  • Permanently installed paneling, wallboard, bookcases, and cabinets.
  • Detached garage.
  • Solar energy equipment, fuel tanks, and well water tanks.
  • Appliances like refrigerators, inbuilt appliances like dishwashers, dryers, and washing machines.
  • Personal property like clothing, furniture, and electronics.

What is not covered by flood insurance?

Flood insurance covers damages that are primarily caused by flooding water. It is also crucial to put into account that the cause of flooding determines coverage. For instance, damages resulting from a sewer backup get covered if only the insurance company establishes that the back up resulted from direct flooding. According to NFIP, the following kinds of damages are not covered by flood insurance:

  • Damages resulting from moisture, mold, and mildew.
  • Damages as a result of earth movement.
  • Additional living expenses like temporary housing, building undergoing repairs, and an unoccupied house.
  • Property and possession outside an insured building like fences, hot tubs, patios, swimming pools, and septic systems.
  • Valuable papers, currency, and precious metals.

Are you a homeowner suspecting to be living in a flood-prone area in Matthews, NC? Feel free to call or visit our JC Demo Insurance Group offices for all your insurance requirements.

Common Myths About Car Insurance

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Choosing and buying auto insurance coverage might not be an easy task, especially if you have never done it before. There are also plenty of myths and misconceptions that do not let you make an informed decision and get the policy you really need. In order to assist you, JC Demo Insurance Group serving clients from Matthews, NC and other surrounding areas has prepared the list of common myths about car insurance that have nothing to do with truth:

It Is More Expensive To Insure Red Cars

The truth is that if you a red car owner, you have nothing to worry about – you will not have to pay more for your insurance just because of the color of your vehicle. Insurance companies consider other factors, such as the type of your vehicle (its model, age, body type, and engine size) and your behavior as a driver. They also care about the safety features of your car, how much it costs to repair in case of an accident, and how popular the car is with thieves. 

It Is Enough To Get the Minimum Coverage

Unfortunately, in most cases, it is not enough to have the minimum coverage required by the state of North Carolina. The minimum coverage will not cover your personal injuries or the injuries of your family members. It will not even cover the damage to the vehicle completely. For this reason, in order to have proper protection on the road and peace of mind, you will have to have additional coverage. 

Older Driver Pay More For Their Car Insurance

It is not true. Actually, there are certain discounts available to older drivers. For example, drivers at the age of 55 and older are eligible for a discount on their premiums if they successfully complete an accident prevention course. 

If you are currently looking for proper car insurance in the state of North Carolina, JC Demo Insurance Group serving Matthews, NC is ready to assist you and help you find an insurance plan based on your needs and budget. Do not hesitate to contact our agency to discuss the available options.