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.