Do You Need To Choose Home Insurance Coverage Over The Value of Your Home?

Posted on January 16, 2023 by AgentInsure

There are a few insurance options to choose from when selecting your home insurance. You may choose to secure the replacement value of your home, or you can cover the house for the market value. To find out which option best suits your needs, you can count on Don Allred Insurance, proudly serving Burlington, NC. We make finding the right insurance policy easy and more straightforward.

Home Insurance Coverage

You can insure your home for more than it’s worth when you choose replacement value policies. That means the insurance will pay for the replacement value of your home rather than the market value. The home’s market value can differ occasionally, but replacement value provides the coverage you need to rebuild your home after a covered event.

Get the insight and assistance you need to get the right coverage for your needs by consulting with a knowledgeable insurance agent at Don Allred Insurance. We are focused on providing exceptional customer service to ensure you get protection from risks to your home and property. We also offer customer service before, during, and after the policy purchase. It’s all a part of our commitment to providing exceptional services to the residents of Burlington, NC, and the surrounding areas.

Call Us Today

If you want to learn more about the insurance options we offer or need assistance finding the right policy for your needs, we would love to help. Call or stop by our office to speak with one of our helpful agents today. Be sure to secure the protection that offers you peace of mind.

Life Insurance – A Legacy for Your Loved Ones

Posted on December 30, 2022 by AgentInsure

Do you live in the Burlington, NC area? Do you wonder what would happen to your loved ones in the event of your passing? Don Allred Insurance can help with a life insurance policy.

Buying life insurance will protect your loved ones from the devastating financial losses that could result in the event of your death. It will provide financial security, pay off debts, and help with living expenses, medical costs, and final expenses.

An accident or devastating illness can happen to anyone at any time. So, even if you are young, your family needs the protection a life insurance policy can provide.

There are three basic types of life insurance.

Term life insurance provides coverage at a fixed rate for a period of time. After expiration, the client must renew the coverage. If the insured dies during the term, the death benefit is paid out to the beneficiaries. Term insurance is the least expensive life insurance.
Whole life insurance has significantly higher premiums. It is renewed for your lifetime. The coverage matures as the policy grows in value, and withdrawals can be made for any reason. It serves as an investment tool as well as an insurance policy.
Universal life insurance is permanent life insurance. With this policy, the insured is covered for their entire lifetime as long as the premiums are paid and any other policy requirements are maintained. There is a savings component with lifelong protection with this type of insurance. When you pass, the death benefit is paid out.

Don’t leave your loved ones without the financial security they will need and deserve. Life insurance will provide that security. Don Allred Insurance can provide you with a no-obligation quote or answer any questions you may have. Contact our office today.

Correcting Underinsurance: How to Add a Personal Health Policy to Your Workplace-Provided Coverage

Posted on December 15, 2022 by AgentInsure

At Don Allred Insurance, we want you to understand your options, so your insurance works entirely for you. In a previous blog, we explained what underinsurance means; in this blog, we’ll address the process to correct it.

Unless you work for yourself, your employer provides health insurance for you. Self-employed individuals choose their insurance, so you pick your level of coverage. However, those who work for companies owned by another individual get the insurance that their employer chose for their group health plan.

Most North Carolina employers pick decent coverage, but you might want better coverage or have a pre-existing condition that it doesn’t cover. You can and should obtain personal health coverage to supplement your employer’s coverage. You’re allowed to do that.

You can choose the coverage you want, and Don Allred Insurance can help you. To select your coverage, phone us or email us. We’ll ask you a few questions about your health and current coverage. This lets us determine what you need to fill in the blanks left by your other insurance.

While your employer pays the premiums for your workplace policy, you will handle the premiums for your supplemental policy. These vary depending on the type of coverage and the policy benefits. Some policies include dental and vision coverage, while others only cover medical health needs. You can choose a plan that provides precisely what you need.

Contact Don Allred Insurance today to purchase supplemental personal health insurance. Although you probably already have some medical coverage, we can help you fill in the blanks left by that policy.

Getting Married: Should You Integrate Your Auto Insurance?

Posted on November 29, 2022 by AgentInsure

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.

Will home insurance cover my cracked foundation?

Posted on November 22, 2022 by AgentInsure

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.

What Life Events Warrant a Life Insurance Policy Increase?

Posted on October 28, 2022 by AgentInsure

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.

Getting Married

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.

Looking for health insurance? We are here to help!

Posted on October 20, 2022 by AgentInsure

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!

Will my auto insurance cover the repair of my flood-damaged car?

Posted on September 16, 2022 by AgentInsure

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.

Flood Damage

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.

How Home Insurance Protects You

Posted on September 16, 2022 by AgentInsure

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.

How do I choose the right life insurance plan in North Carolina?

Posted on August 30, 2022 by AgentInsure

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.

Consider Options

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.

HOW CAN WE HELP YOU?

Don Allred Insurance