When you marry, you join in holy matrimony, but you might need to keep your auto insurance separate. Despite the commercials on TV, if one-half of the happy couple has a poor driving record or a DWI/DUI on their record, you shouldn’t share a policy.
At Don Allred Insurance, we serve Burlington, NC residents with auto insurance to help them protect their financial futures and their vehicles. We also try to help them save money. Ideally, a couple saves money when they bundle their auto insurance by combining the policies.
It doesn’t always work that way though. A few scenarios could cause the insurance rates of the spouse with a perfect record to increase, while not affecting the other spouse’s premiums. So, why will it probably hurt one-half of the happy couple to merge the policies?
- A spouse has a very poor credit score.
- A spouse has a driving under the influence (DUI) or driving while intoxicated (DWI) charge on their driving record.
- A spouse has a poor driving record, resulting in the loss of points.
Instead of the individual with the ideal record balancing the record of the individual with bad credit or driving habits, it works the opposite way if they try to get an auto policy together. The premium of the individual with a bad record stays the same, but the premiums of the driver with a good record go up.
Talk with your spouse before visiting Don Allred Insurance. It’s better to talk about your credit and driving experiences before trying to merge your insurance. Enjoy your marital bliss in Burlington, NC, and keep separate policies if one of you has bad credit or a poor driving record.
Your homeowner’s insurance covers your home’s structure down to the foundation. This can be helpful when it comes to dealing with foundation issues. Our Burlington, NC team at Don Allred Insurance is committed to helping homeowners understand what’s covered regarding foundation damage.
Will Home Insurance Cover my Cracked Foundation?
Yes, your homeowner’s insurance will cover your damaged foundation. However, your homeowner’s insurance policy outlines the circumstances under which something is covered. Your homeowner’s insurance policy will cover your damaged foundation if a covered peril causes the damage. However, if circumstances outside of the covered perils cause the damage, the damage wouldn’t be covered. Your foundation is covered under your homeowner dwelling coverage policy. However, your damage will only be covered for approved perils and circumstances. A foundation specialist will assess the reason for your cracked foundation, which will determine if your homeowner’s policy will cover your damage claim. Your homeowner’s policy will definitely cover damage to your foundation caused by roots, fallen trees, tornadoes, and more. An insurance representative can accurately outline what’s covered by your policy.
Your Damaged Foundation Won’t be covered by your Homeowner’s Policy if…
Your damaged foundation won’t be covered if the damage results from shifting, settling, or normal wear and tear that occurs over time. If your foundation has become cracked due to time and normal wear and tear, your insurance policy won’t cover the damage. Call us if you have questions about your foundation and what your policy covers. We’d be happy to outline what a covered peril is and isn’t.
Here at Don Allred Insurance, serving the Burlington, NC area, we advise our life insurance customers to consider increasing their life insurance policy when they have had significant life events or changes. However, this leaves many customers wondering what a major life event is and what warrants an increase in a life insurance policy. Read on to see a few specific circumstances that qualify as life-changing events and warrant an increase in a life insurance policy.
One of the life events that may warrant an increase in your life insurance policy is getting married. When you get married, your spouse may not rely on your income to get by. As such, you may need to increase your life insurance policy.
Having a Child
Another life event that warrants a life insurance policy increase is having a child. When you welcome a new child into your home, you now have someone else to provide for. Many people drastically increase their life insurance policies when they have a new child.
Making Major Purchases
Lastly, if you have made significant purchases, such as purchasing a new home, purchasing expensive toys, such as cars, boats, or RVs, or have a lot of debt, such as student loan debt, you may want to increase your life insurance policy. You want to ensure your debts can be paid off and your loved ones have all the things you have purchased for them should you pass away unexpectedly.
Suppose you are looking to purchase your first life insurance policy or are looking to make changes to an existing life insurance policy because you have had a major change in your life. In that case, the team at Don Allred Insurance, serving the greater Burlington, NC area, can help you. Reach out to us today, and let’s schedule an appointment to discuss your life insurance needs.
Burlington, NC area families can rely on Don Allred Insurance for all of their insurance needs, including healthcare. Give us a call today to learn more about the available options in our area.
Let us help you find the right health insurance coverage for your family
Several options are available if you are self-employed or don’t receive health insurance benefits from your employer. Going without health insurance should always be avoided, and our team is here to help you find your family’s coverage.
When premiums are an area of concern, a high-deductible policy can be an effective option. These policies are sometimes appropriate for healthy policyholders who do not require regular healthcare. If you have an ongoing condition, having such a policy is not likely to be a proper fit.
Several different policies are available for single people, couples, and families. We understand that finding a reasonable health insurance policy can feel like a challenge, and that’s why we are here to help. Our team has the information you need to make your selection. If you want to learn more about the available options in our area, meet with us and sit down to find out more. Having the information you need to choose an appropriate policy is an excellent place to start obtaining health insurance.
We are here to help with all of your insurance needs!
The team at Don Allred Insurance is proud to be a part of the greater Burlington, NC community. If you have any questions about health insurance or want to learn about the available options, give us a call or stop by today. We look forward to seeing you soon!
Auto insurance can cover many different things. However, the type of auto insurance you carry and the damage your car sustains will determine many things. Our Burlington, NC team at Don Allred Insurance understands that auto insurance coverage can vary from policy to policy depending on the type of coverage. Our agents are committed to taking the guesswork out of what’s covered under different policies.
Typically, a standard auto insurance policy wouldn’t cover flood damage to your car or property. This is why many people are encouraged to purchase flood insurance if they live in areas prone to flooding. Your auto insurance will not cover your flood-damaged car. This may be surprising to many people who think that any damage to your vehicle would be covered under your auto insurance policy if you’ve purchased coverage for damage to your car. However, the damage your vehicle sustains often determines whether it will be covered or not. Flood damage isn’t covered. However, flood insurance will cover the repair of your flood-damaged car. This is surprising to many car owners. Auto insurance can be personalized to suit your unique situation. You can ask an insurance agent if a flood addendum could be an option if you don’t want to purchase flood insurance. However, not all auto insurance companies have a flood addendum as an option.
If you have questions about the type of damage covered under an auto insurance policy and your options, call us. One of our agents would be happy to explore your options and help you get the coverage you need most.
If you own your own home, a multitude of things can threaten that home and put your investment in your home at risk. If you own a house and don’t have a home insurance policy, you need to get one immediately. Most of the time, home insurance is required for homeowners. The mortgage lender you choose will likely require you to have a home insurance policy in place before you can close on the home. If your home is within a homeowners’ association, the HOA will require you to have this insurance. To get it and protect yourself against many risks in Burlington, NC, call us at Don Allred Insurance.
Protection for the Home
Your home is one of the most significant investments you will ever make. You need a home insurance policy to protect it against many potential risks. This protects the home against events that can damage it, such as some types of calamities and disasters. When these occur and cause damage to the house or even destroy it, the home insurance policy will pay for the repairs or the rebuilding of the home. This can save you many thousands of dollars on repairs and make it possible for you to get the repairs you otherwise wouldn’t be able to afford.
Protection for Possessions
Your possessions often represent your second-highest investment. Everything you own may be in your home, which could all be damaged or destroyed in several types of incidents. Home insurance will pay to replace or repair these items so that you can return to your life after a damaging occurrence.
Get Home Insurance
If you are buying a home and need a home policy, call us at Don Allred Insurance in Burlington, NC.
Being correctly covered with insurance is essential for anyone in the Burlington, NC area. While there are a lot of important forms of coverage to obtain, having a life insurance plan should be a top priority. As you are looking for coverage, you will find there are a lot of choices to make. There are several tips to follow to ensure you select the right plan.
One of the choices you will have to make when building a life insurance plan is the type of insurance. There are various types of life insurance to consider, which often include a term or whole life coverage. A term life insurance plan is ideal for many as it offers more affordable premiums. However, whole life can be a great option as it will give coverage for the rest of your life and provides additional investment benefits.
Determine Coverage Needs
You will also want to spend time considering the amount of coverage you need to have. Building a plan that will provide you with enough coverage to meet your needs in the future is very important. It would help if you considered all the financial costs that your dependents could incur, including higher education, housing, and even retirement. This assessment should help you come up with the amount of coverage that you will need to have.
If you are going to build a life insurance plan in the Burlington, NC area, it would be helpful for you to call the team with Don Allred Insurance. If you call the team with Don Allred Insurance, you can get the support necessary to evaluate your options and build the right policy. This can give you the comfort you need to know that you have a proper life insurance plan.
Many young people believe that health insurance is for older or unhealthy people. However, nothing could be further from the truth. Investing in health insurance at a young age has many benefits. Early investment in health insurance usually means you can lock in better rates. Our team at Don Allred Insurance is dedicated to helping young Burlington, NC residents understand the benefits of health insurance.
What is Health Insurance?
Health insurance pays for the partial cost of your healthcare. This includes preventative medical care as well as care for your illnesses. Some preventive services are usually included as free services in many health plans. Health insurance pays some of the cost of routine and emergency care and treatment for chronic illnesses. What is covered under a health insurance policy will vary depending on the insurance company, policy, and plan.
Health Insurance can Benefit Young People.
Even young, healthy people can’t predict the future. You could have a car wreck and sustain injuries that require care beyond what you can cover out of pocket. Health insurance makes unexpected medical expenses much more affordable. Plus, health insurance also includes free or low-cost preventative care. This can include vaccinations, annual exams, and more. It’s also a well-known fact that you’ll lock in better rates for health insurance as a young person. This fact alone makes health insurance an excellent option for young people who plan on investing in health insurance later. Investing at a younger age makes it more affordable. Another benefit of health insurance is investing at a level that fits your current lifestyle. There are different levels of coverage. As a young person, you can invest in minimal health insurance that fits your lifestyle and age and increase it as you age. If you have questions about health insurance as a young person, we can help. We’d be happy to discuss the benefits of health insurance.
If you rent a home, you may wonder if you need to purchase home insurance. The answer to this question depends on a few factors, including your rental agreement and the value of your belongings. This article will discuss whether or not renters need home insurance and what factors you should consider when deciding.
The Type of Rental Agreement You Have
If you rent a home, you’ll likely have one of two rental agreements: a lease agreement or a month-to-month agreement. A lease agreement is a contract between you and your landlord that stipulates the length of time you’ll be renting the property and other terms and conditions. On the other hand, a month-to-month agreement does not have a set end date and can be terminated with 30 days’ notice by either party.
If you have a lease agreement in Burlington, NC, your landlord may require you to purchase home insurance from a reputable company such as Don Allred Insurance. This is because, under a lease agreement, you’re responsible for any damage you cause to the property. However, if you have a month-to-month agreement, your landlord is typically responsible for any damage to the property, and therefore you may not need to purchase home insurance.
The Value of Your Belongings
Another factor to consider when deciding whether or not to purchase home insurance is the value of your belongings. If you have expensive items, such as jewelry, art, or electronics, you may want to insure them in case they are damaged or stolen. However, if you do not have any valuable items, you may not need to purchase home insurance.
Don Allred Insurance in Burlington, NC is here to help if you’re still on the fence about whether you need home insurance as a renter. We’ll work with you to determine what kind of coverage makes the most sense for your situation and budget. Give us a call today.
What is the minimum amount of auto insurance required by law? This is a question that can be difficult to find an answer to because the requirements vary from state to state. In this blog post, we’ll provide a general overview of the minimum amount of car insurance required in each state. Keep in mind that you should always consult with an attorney or your state’s Department of Motor Vehicles to get accurate information about the specific requirements in your area.
Minimum Requirement In North Carolina
In Burlington, NC, the minimum amount of auto insurance required by law is $30,000 for bodily injury per person, $60,000 for bodily injury per accident, and $25,000 for property damage. However, it’s important to note that these are only the minimums required by law. You may consider carrying additional coverage to protect yourself financially in an accident.
What Insurance Covers Are Mandatory?
In most states, two types of coverage are mandatory: bodily injury liability and property damage liability. Bodily injury liability covers the medical expenses and damages incurred by the other driver and their passengers if you’re found at fault for an accident. Property damage liability covers repairing or replacing the other driver’s vehicle if you’re found at fault for an accident.
While these two types of coverage are typically required by law, some states require drivers to carry uninsured/underinsured motorist coverage. This type of coverage protects you financially if you’re involved in an accident with a driver who doesn’t have insurance or doesn’t have enough insurance to cover the damages.
A professional insurance company such as Don Allred Insurance can help you find the right auto insurance coverage for your needs.
Burlington, NC is a great place to call home. When you’re ready to shop for auto insurance, contact the experts at Don Allred Insurance. They’ll be able to help you find the coverage that’s right for you and your budget.