How Personal Property Coverage Impacts Home Insurance

Posted on November 23, 2021 by AgentInsure

Don Allred Insurance serves the Burlington, NC community. For over 30 years, we have helped our clients find policies to minimize risks and protect their assets. We proudly serve the community as an independent agency. We have working relationships with several carriers throughout the South. This allows us to offer our clients unique policies designed to meet their individual needs.

How Personal Property Coverage Impacts Home Insurance

Your Burlington, NC home is your personal sanctuary. Protecting it is one of your top priorities. Home insurance covers one of your most valuable assets. Home insurance covers the interior and exterior structure of your home. You are protected if severe weather moves through the area of if there is an accidental fire. Liability coverage is also important. If you enjoy inviting guests over to your home, liability coverage protects you if one of your guests is injured on your property. You are also covered if you accidentally damage your neighbor’s property.

Personal property coverage protects your items inside your home. This gives you a peace of mind if your furniture, clothing, or electronics are damaged, stolen, or vandalized. You’ll have coverage in place as you decide whether to repair or replace the items. Be sure to take inventory of your items once you move into your home. That way, you’ll have a clear idea of their value. If you have luxury items such as fur or jewelry, you may need to add extra coverage in order to fully protect those items. Possible depreciation is another variable to consider, as that may impact the value of some of your personal items.

Don Allred Insurance Will Help You Protect Your Assets

Visit our website to learn more information about home insurance.

Types of Auto Insurance You Should Consider

Posted on November 18, 2021 by AgentInsure

When you first start shopping for car insurance, it can be hard to determine what you really need. There are many types of insurance to consider. Then, there are different amounts of insurance, depending on your budget. Many people try to get the cheapest plans, but that isn’t always a good thing.

Not sure where to start? Here are some types of auto insurance that you need to consider when buying a plan.

Liability Insurance. This will cover you in case you are in an accident that was your fault. It will help to cover any costs associated with any property damage that occurred. It can also help to pay for any medical bills.

Collision Coverage. Collision will cover any damage to your car. If it is totaled, it will pay you money for the value of the car so that you can replace it.

Comprehensive Coverage. This coverage will help with any expenses that aren’t related to an accident, such as weather damage or if you hit a deer. It can also cover any damage due to theft, or if your car is stolen.

Uninsured and Underinsured Motorist Protection. Though it is required to have automobile insurance, the truth is that there are people who don’t have any. There are also people who simply don’t have enough insurance to cover the expenses that go along with an accident. Because of this, you may want to get this insurance to help fill in the gaps.

If you are looking for auto insurance in Burlington, NC, you need to contact us today at Don Allred Insurance. We will make sure that you have the insurance that you need to protect yourself in case you are involved in an accident.

Who Should Consider Essential Benefits: Health Insurance

Posted on October 15, 2021 by AgentInsure

Do you know who should consider essential benefits? There are a number of reasons why anyone should consider essential benefits. Also, each benefit in North Carolina has been chosen to help you to receive better health care. If you have any questions about how essential benefits work, please contact Don Allred Insurance.

With these aspects in mind, Let’s read further to understand what essential benefits are, and why you should consider them.

Consider The Benefits

There is an assortment of benefits that are considered to be keenly essential when you purchase your health insurance plan. Have you thought about some of these aspects that may be included in an insurance plan? You may want to consider:

Out-patient ambulatory care
Hospitalizations care (in-patient)
Prenatal care
Postnatal care
Maternity care
Mental Health
Services for (Substance-abuse-disorder)
Coverage for prescriptions
Pediatric care and services
Health laboratory service
Wellness care and services
Preventative care and services
Emergency care and services

Health Insurance in NC

There are many reasons to get the right health insurance plan for your needs in Burlington NC.

Additionally, essential benefits are there to help cover many of the health costs that you may encounter. The essential benefits may help to lower your health costs.

Who Should Consider EB

With all of this information in mind, who should consider essential benefits? Anyone who is considering health insurance should be aware of the essential benefits that are offered in Burlington, NC.

Also, this includes an array of employed and unemployed individuals in different industries. Additionally, a wide range of self-employed individuals and business owners should consider the essential benefits. If you have any questions about essential benefits contact Don Allred Insurance.

Life Insurance as an Investment Tool

Posted on October 11, 2021 by AgentInsure

Life Insurance as an Investment Tool

You can use life insurance as a way to save and invest for the future by choosing a cash-value account life insurance policy. Don Allred Insurance serving Burlington, NC can help you set up a life insurance policy that helps you build wealth while protecting your future and providing a death benefit to your beneficiaries in the event of your demise.

In some ways, a cash value account life insurance policy works just like a typical whole life policy. You pay premiums each month or quarterly and that funds your death benefit. You name a beneficiary or beneficiaries who receive payment of a lump sum named in the policy upon your death.

The difference is that you pay a slightly larger premium, and the overage gets deposited into a savings account – the cash value. This savings account amasses value either as a typical savings account, a money market savings account, or an investment account. Some of these accounts provide a guaranteed return, such as those linked to an investment account. This reduces the volatility of the potential losses.

Those that function as a savings or money market account typically use an interest rate between two and five percent. While this doesn’t provide a high yield in the sense of a high-performing stock, it does provide a guaranteed rate of return. The savings account interest applied to these cash value accounts also typically exceeds that of a regular savings account.

The other advantage of these accounts is that you can typically pay into them tax-free. You pay in pre-tax from your paycheck, then when your beneficiaries receive the death benefit, they only pay taxes on it if your estate exceeds a specific amount.

Contact Don Allred Insurance serving Burlington, NC to learn more about the many ways life insurance with a cash value account can help you plan for your future. Call us today!

Home Insurance Exclusions You Should Know About

Posted on September 13, 2021 by AgentInsure

Home insurance from Don Allred Insurance protects your dwelling from perils like fire, theft, vandalism, and certain natural disasters. But just like other insurance coverages, your home insurance isn’t entirely flawless — it has exclusions, and knowing about them is equally important as understanding what your home insurance policy covers.

Do you have a home insurance plan for your Burlington, NC home? Here is what your typical home insurance won’t cover.

Ground movement

When earthquakes and sinkholes strike in your home, your home insurance won’t cover you. Otherwise, you need a separate endorsement to cover these disasters.

Floods

Your home insurance will cover water damage resulting from leaky pipes but won’t cover you from overland flooding. That said, you need to talk to your insurance agent to get you an individual plan for flood insurance if you live in a flood-risk zone.

Pest and mold infestation

If molds and pests damage your home, don’t run to your insurer since your claim won’t go through. Your insurer expects you to take care of your home from such infestations, and therefore, any damage from neglect isn’t your insurer’s headache.

Sewer backup

Clogging, old sewer lines and tree roots may compromise the integrity of your sewer system, leading to water damage. While this is a common occurrence, the sad bit is that your conventional home insurance doesn’t cover. However, you can purchase a separate rider to cover such damages.

Natural wear and tear

After some years, wear and tear is likely to crop up on your property. And because this is expected, your home insurance won’t protect you when this occurs. However, with proper maintenance, your home can always look in tip-top condition, negating any need for insurance intervention.

Home insurance in Burlington, NC

Need to learn more about your home insurance plan? Don’t hesitate to get in touch with Don Allred Insurance for more information.

4 Auto Insurance Add-ons to Consider

Posted on September 6, 2021 by AgentInsure

Your auto insurance from Don Allred Insurance in Burlington, NC, is perfect for shielding you against accidents, theft, liabilities, and so on. However, it would help if you considered endorsements (add-ons) to cover you against risks specific to you.

Not sure the add-ons to help boost your auto insurance? Keep reading.

Nil depreciation

If your car got an accident today and filed a claim with your insurance, you will receive the claim amount minus the depreciation figure. The results? You will have to dip into your pockets to cover the difference. Add deductibles to this amount, and the out-of-pocket expenses can quickly stack up, eroding the benefits of auto insurance.

Given this scenario, we advise new car owners and those motorists whose spare parts cost an arm and a leg to buy the zero depreciation rider to get the total claim amount when accidents happen.

Road assistance coverage

Since car breakdowns are part and parcel of the car ownership journey, it’s not uncommon to experience engine failure, flat battery, and punctures when on the highway. Since these breakdowns are unplanned, they can be inconveniencing and frustrating.

Thankfully, road assistance coverage ensures your car is towed to the nearest garage, lessening your frustrations and financial burden.

Consumables coverage

Consumables like oils, bolts, nuts, filters, and many others aren’t covered by your typical car insurance when your insured car is undergoing repairs following an accident. However, when you purchase this coverage, consumables don’t have to dent your pocket.

Umbrella insurance

Do you have significant assets? You might need to boost the liability coverage of your car insurance with umbrella insurance. Since your liability coverage limit can be depleted following a severe accident, you need umbrella insurance to protect your assets when you are deemed liable for the accident.

Car insurance in Burlington, NC

Would you like to boost your auto insurance with the above add-ons? Don’t hesitate to get in touch with Don Allred Insurance today. You will be surprised that add-ons cost a fraction of your basic car insurance premium, but trust us, every penny is worth it.

Why Preventive Care is Essential

Posted on August 30, 2021 by AgentInsure

Preventive care might not be a phrase that you are familiar with, but Don Allred Insurance serving Burlington, NC wants to tell you why preventive care is so important to your health.

Preventive care benefits are offered as a part of all health insurance policies. Preventive care ranges from something as simple as your annual physical with your primary care physician to specialized tests that are completed to make sure you haven’t begun to develop serious health issues.

Taking part in the preventive care services offered by your health insurance can literally save your life. Preventive care tests for high blood pressure, diabetes and a variety of different cancers are part of your benefits. Additionally, many vaccinations are available through your preventive care benefits. Participating in these annual tests and screenings is vital to monitor your health and wellness and will give you and your physician the opportunity to treat any health issues as soon as they begin to develop.

For certain conditions, such as cancer, early detection and treatment can literally be the difference between beating the disease and succumbing to it, so taking part in any and all annual cancer screenings that your health insurance offers is essential. Screenings for your A1C blood sugar levels can vastly lower the complications that can arise from uncontrolled diabetes. Having your blood pressure and cholesterol levels checked routinely can also help your physician determine if you are at risk for heart disease, which is often considered a silent killer.

Take full advantage of your health insurance benefits and be an advocate for your own health by taking full advantage of your preventive care benefits.

Contact the team at Don Allred Insurance serving Burlington, NC today to learn more about health insurance and preventive care!

How Whole Life Insurance Works

Posted on August 25, 2021 by AgentInsure

When you need life insurance, and most people do, it’s important to know what you are paying into and how it will work. Whole life insurance works very differently from term life insurance. If you are interested in whole life, call us at Don Allred Insurance in Burlington, NC right away to find out more.

Whole Life

One way that whole life insurance stands out from other life insurance policies is that it is good for your whole life. Just as the name suggests, it will cover you for the rest of your life as long as you stay up to date with your monthly premium payments. If you keep paying for your policy, it can’t be cancelled- not even by the insurance company. This gives you peace of mind for life.

Cash Value

Another factor that distinguishes whole life insurance is that your policy will build a cash value. As you pay your monthly premiums, over time the amount that you pay in starts to build up a value within the policy. This is a cash value that you can borrow against when you need to. If you have a major financial problem, you can borrow some of that cash value and pay it back later just as you would with any loan. This can be extremely useful if a sudden financial problem comes up.

Death Benefit

The death benefit of your policy is guaranteed. If you have borrowed against the cash value of your policy, and you don’t finish paying it back, the amount that you owe is simply deducted from the death benefit amount.

Get Whole Life

If you like the idea of being covered for life, you may be a good candidate for a whole life policy. If you’re interested in getting one, call us at Don Allred Insurance in Burlington, NC.

Tips for Hiring a Contractor for Damage Repairs to Your Home

Posted on July 20, 2021 by AgentInsure

Buying a home is a serious investment, and when something breaks, you want to make sure it is fixed correctly and hire a reliable contractor. If your Burlington, NC home needs repairs, it is essential to protect your investment by hiring a contractor who can get the work done, making your home look as good as new.

Questions if your insurance policy covers your damage? Contact the experts at Don Allred Insurance for claim assistance or more information about available insurance policies.

Call for Estimates

To know you are getting the best price, call two to three different contractors for an estimate. Your estimate should also include details about the quality of materials used, total cost, and estimated repair timeline. Before selecting a contractor, make sure the scope of the work matches the project you want to be completed and the repairs needed.

Verify Licenses and Insurance

Before signing the contract, verify the contractor you plan to hire is fully licensed, certified, and insured to do the work needed. You can call your state’s regulatory agency to verify the status of their license. Also, check to make sure they can pull the proper permits and if that cost is included in their estimate.

Check References

When speaking with the contractor, ask for three written references. When checking references, ask if they were satisfied with the work and if the project was completed on schedule.

Get a Written Contract

When hiring a contractor, make sure to receive a written contract with all the details associated with the cost, payment, scope of the job, and timeline.

Those living in Burlington, NC needing repairs should take their time to select the best contractor for the job. The experts at Don Allred Insurance are ready to help answer any questions you have about your insurance coverage related to your home repairs.

Should I get an auto insurance plan in North Carolina?

Posted on July 13, 2021 by AgentInsure

People that live in the Burlington, NC area are quickly going to find that there are a lot of great amenities in the area. Those that are going to move to this area of the state want to make sure they own a vehicle. Along with your vehicle purchase, you should also spend time picking a quality insurance plan. You should get an auto insurance plan here for a few reasons.

Coverage Protects Car

A reason that you should have auto insurance is so you can protect your car. A vehicle that you purchase today can be quite expensive and will be something that you want to be able to replace if necessary. If you obtain a full plan that includes comprehensive and collision coverage, you are going to have the protection needed at all times to repair or replace your vehicle. This can be helpful if you are in an accident or are a victim of theft.

Coverage Offers Liability Support

You should also get an auto insurance plan as it will give liability insurance support. Drivers are always going to have a risk that they could cause an accident when they are operating a vehicle. With a proper insurance plan, you can offset this risk as it will give you the necessary liability insurance to provide support if you are liable for accident damages.

People that are in the Burlington, NC area will always need to have insurance for their vehicles. As you are looking to build an insurance plan in this area, it would be a good idea to call Don Allred Insurance. There continue to be a lot of choices to make when picking an insurance plan and Don Allred Insurance can make it a lot easier for you. This can help ensure you maintain proper insurance coverage at all times.

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Don Allred Insurance

How Personal Property Coverage Impacts Home Insurance

Types of Auto Insurance You Should Consider

Who Should Consider Essential Benefits: Health Insurance

Life Insurance as an Investment Tool

Life Insurance as an Investment Tool

Home Insurance Exclusions You Should Know About

4 Auto Insurance Add-ons to Consider

Why Preventive Care is Essential

How Whole Life Insurance Works

Tips for Hiring a Contractor for Damage Repairs to Your Home

Should I get an auto insurance plan in North Carolina?

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