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Blog2024-04-25T23:20:26+00:00

Insurance Blog

Pegram Insurance and Laurie Insurance Group have put together various insurance blog posts to help you better understand the policies you are interested in or want to save on.

Pegram Insurance

Insurance Blog

Check out the blog posts below to learn more about the coverages offered at Pegram Insurance and Laurie Insurance Group. Our agencies are licensed in 15 states and can help residents and businesses find the insurance coverages that are right for them.

Mar11, 2024

Understanding Rising Auto Rates

March 11, 2024|Laurie Insurance Group|

We want to share some insights on the state of the insurance industry and the factors driving the changes you might see in your premiums this year. Unfortunately, premium increases many consumers are seeing this year are an industry-wide issue. While your coverage is already tailored to your specific needs, here are a few big-picture trends and statistics to remember as you get ready for renewal or to change insurance coverage. Through mid-August 2023, the year-to-date nationwide average increase for private auto insurance came to 11.0%. The increase can be traced to: Driving patterns returning to pre-pandemic levels. More drivers back on the road and increase distracted driving habits has led to a rise in severe vehicle accidents. A jump in labor costs as well as repairs and parts replacement costs involving new technologies like cameras and sensors. Repair costs are up 20% in 2023 alone. The cost of medical care continues to rise.[...]

Feb9, 2024

Strategies to Control Your Business Insurance Costs in 2024

February 9, 2024|Laurie Insurance Group|

As per 2024, business owners face a new set of challenges, and among the most pressing is the rising cost of business insurance. With the economic landscape constantly evolving, it’s more important than ever for businesses, big and small, to strategize effectively to manage their insurance expenses. This isn’t just about cutting costs; it’s about making smart choices that ensure your business remains protected without breaking the bank. The key to understanding this lies in the various factors that impact insurance costs and exploring innovative strategies to control them. Whether you’re a fledgling startup or an established corporation, this guide is designed to provide you with practical insights and actionable tips to help you secure cost-efficient insurance plans. From conducting thorough business risk assessments to tailoring insurance to your specific needs, we’ll delve into various approaches that can lead to significant savings and enhanced coverage in 2024. SMART ASSESSMENT: LAYING THE FOUNDATION FOR[...]

Feb6, 2024

Understanding rising home insurance rates

February 6, 2024|Laurie Insurance Group|

We want to share some insights on the state of the insurance industry and the factors driving the adjustments you might see in your premiums this year. Unfortunately, premium increases many consumers are seeing this year are an industry-wide issue. A perfect storm of market trends has driven up the cost of building homes, and with it the cost of insuring them for repair and replacement. While your coverage is already tailored to your specific needs, here are a few big-picture trends and statistics to remember as you get ready for renewal or to change insurance coverage. In 2023, the average cost to insure a home in the U.S. was $142 per month, or $1,700 per year. As you know, prices will vary by home value, ZIP code, county, and state. Since 2015, the average homeowner has seen their homeowner’s coverage jump by 21%. The increases in weather-worn states are even higher. Homeowners insurance premiums rose 7% in 2022 and[...]

Nov24, 2023

Boat Insurance 101: Staying Safe on the Water

November 24, 2023|Laurie Insurance Group|

There’s nothing quite like the feeling of freedom you get when sailing out on open water. The sun shining down, the fresh air, and the horizon stretching as far as the eye can see—it’s a dream come true for many. However, that dream can quickly turn into a nightmare if you’re not properly insured and prepared. Boat insurance serves as your safety net, providing financial protection for you, your passengers, and your prized vessel. Stick around as we delve deep into what boat insurance is, why it’s necessary, and how to make sure you’re getting the most bang for your buck.   WHAT IS BOAT INSURANCE AND WHY DO I NEED IT? If you’ve ever stepped foot onto a boat, you know the incredible sense of freedom that comes from gliding across open waters. But this sense of liberation should not overshadow the responsibilities that come with boat ownership—namely, ensuring that you have[...]

Nov13, 2023

Navigating the Maze of Insurance: How to Steer Clear of Common Pitfalls

November 13, 2023|Laurie Insurance Group|

In the world of insurance, making the wrong choices can lead to some serious headaches, not to mention financial setbacks. Many people treat insurance like just another item on a to-do list, something they must rush through. But a hurried decision today could leave you under protected and overexposed tomorrow. This blog aims to give you a simple, practical guide to avoid common mistakes people make in dealing with insurance. It’s going to focus on general insurance categories, like your health, your home, your life, and your car. The idea isn’t just to point out where you could go wrong but to guide you on how to make the right choices, without drowning you in complex terms or abstract concepts. Whether you’re just about to buy your first policy or have been insured for years, this guide aims to be a valuable resource for everyone.   WHAT ARE THE MOST COMMON MISTAKES PEOPLE[...]

Nov13, 2023

Surety Bonds: Laurie Insurance Group and BondExchange

November 13, 2023|Laurie Insurance Group|

A Surety bond is a three-party contract between a principal, a surety company, and an obligee. The obligee requires the principal to purchase a bond from a surety company, usually as a prerequisite to obtaining a business license or beginning work on a construction project. Bonds can also be required for various financial obligations and court cases. If the principal violates the provisions laid out on the bond form, then the obligee can file a claim against the bond and the surety company will be liable up to the full bond amount. Unlike typical insurance policies, surety bonds are indemnified, meaning the principal must repay the surety company for all claims and associated handling expenses. Claims made against a surety bond are completely avoidable and only occur if the principal breaks the law or acts unethically. Historically, obtaining a surety bond has been a burdensome process mired by inefficiencies such as paper applications,[...]

Nov10, 2023

Unveiling the Mystery: Making Sense of Insurance in Your Golden Years

November 10, 2023|Laurie Insurance Group|

You’ve spent decades working hard, and now you’re approaching a well-earned rest—the time of your life often referred to as the “Golden Years”. However, to truly enjoy this period, it’s essential to get your insurance coverage right. This comprehensive guide is designed to ease that process, focusing on the insurance options that are pivotal during retirement, how to navigate them, and what to consider as you make your choices. The world of retirement insurance is loaded with options and choices. Health insurance, life insurance, long-term care, and annuities are all essential topics to consider. These will be the focus of this guide. Each section aims to provide detailed insights into these key areas, answering frequently asked questions to guide you in making informed decisions for a secure retirement.   IMPORTANCE OF INSURANCE DURING RETIREMENT A NEW PHASE REQUIRES NEW COVERAGE The transition from employment to retirement comes with several changes, one of the[...]

Nov8, 2023

5 Ways to Maximize Your Health Insurance Benefits

November 8, 2023|Laurie Insurance Group|

Understanding and leveraging health insurance benefits can be daunting. However, by familiarizing yourself with your policy and making informed decisions, you can truly maximize your health insurance benefits. This post outlines five key strategies that can help you get the most out of your health insurance.   1- KNOW WHAT YOUR HEALTH INSURANCE COVERS The first step to maximizing your health insurance benefits is to thoroughly understand what your policy covers. Check your policy documents: The specifics of what your health insurance covers can often be found in the ‘Summary of Benefits and Coverage’ document. It outlines the services that are covered and those that aren’t, as well as the cost-sharing rules for different types of care. Contact your insurer: If you have trouble understanding your policy document or if you have any questions, don’t hesitate to contact your insurer. They can help explain the details of your coverage. Understanding your coverage can help[...]

Nov3, 2023

Safeguarding Your Business: 8 Essential Types of Insurance Every Small Business Owner Needs to Know

November 3, 2023|Laurie Insurance Group|

You’ve invested your time, money, and effort into your small business. It’s not just a venture; it’s a dream you’re nurturing every day. Now, think about this—how secure is that dream from life’s unexpected situations? This is where the concept of small business insurance steps in, offering you a safety net for those ‘just in case’ moments that life often springs upon us. This guide aims to provide you with a comprehensive Business Owner insurance guide, detailing various types of business insurance to keep your dream protected against unforeseen challenges.   ESSENTIAL TYPES OF INSURANCE: THE BUILDING BLOCKS OF YOUR SAFETY NET When we say ‘insurance,’ it’s not a one-size-fits-all proposition. There are several types of business insurance that target specific challenges and risks. While some are legally required, others are just plain smart to have. TYPES OF BUSINESS INSURANCE MUST-HAVES Liability Insurance for Small Business: Protects against financial losses as a result[...]

Oct20, 2023

10 Risk Factors That Affect Your Auto Insurance Premium

October 20, 2023|Laurie Insurance Group|

Insurance isn’t just about preparing for the unexpected; it’s about understanding the intricate factors that shape it. Especially when it comes to auto insurance premiums, several elements come into play. From the car you drive to the place you reside, various aspects can influence how much you end up paying. In today’s dynamic environment, as remote work reshapes our daily routines, understanding these determinants becomes more crucial than ever. This article aims to unpack the top 10 factors that might be affecting your auto insurance premium, ensuring you’re well-equipped to navigate the evolving landscape of insurance in the age of remote work. As you delve into the world of auto insurance, it’s essential to remember that every detail matters. With each policy comes a set of guidelines, influenced by a myriad of factors. Some might be evident, while others, less so. By understanding these, not only can you potentially find ways to lower[...]

Oct13, 2023

The Perfect Fit: How to Choose the Right Insurance Policy

October 13, 2023|Laurie Insurance Group|

Choosing the right insurance policy can be overwhelming with so many options, providers, and terminologies. Insurance serves as a financial safety net, offering protection against various risks that can impact different aspects of your life. From safeguarding your health and well-being to ensuring your family’s financial security and even your worldly travels, the right insurance policy can provide peace of mind in uncertain times. Below, we’ll explore the essential types of insurance policies, delve into their key features, and help you understand which policies may best suit your needs.    DIFFERENT TYPES OF INSURANCE POLICIES  HEALTH INSURANCE  Health insurance is designed to cover your medical expenses, from doctor visits and hospital stays to surgeries and prescription drugs. It can be comprehensive, catering to various healthcare needs, or specialized like dental or vision insurance.  Preventive Care: Immunizations, screenings, and regular check-ups to nip potential issues in the bud.  Mental Health Services: This includes therapy,[...]

Oct6, 2023

The Impacts of Climate Change on Your Insurance Policies

October 6, 2023|Laurie Insurance Group|

Climate change isn’t just about polar bears and melting ice caps anymore; it’s becoming a pressing financial issue for many of us. You might not see the connection right away, but climate change has started to ripple its effects through the insurance sector, affecting your premiums and the scope of your coverage. This post is your comprehensive guide to understanding how rising temperatures and extreme weather events are dramatically impacting the insurance landscape and what that means for your policies.   HOW IS CLIMATE CHANGE AFFECTING INSURANCE COSTS? INCREASING FREQUENCY OF EXTREME WEATHER EVENTS It’s no secret that climate change is making weather patterns more volatile. From devastating wildfires to intensifying hurricanes, insurance companies are shelling out more in claims than ever before. According to the National Centers for Environmental Information, the U.S. experienced 22 separate billion-dollar disaster events in 2020. These mounting payouts are pushing premiums higher, making climate change and insurance[...]

Sep22, 2023

Riding in Safety: The Importance of Motorcycle Insurance

September 22, 2023|Laurie Insurance Group|

There’s an undeniable allure to motorcycling—the wind in your hair, the freedom of the open road, and the sense of adventure that comes with every twist and turn. But let’s not forget the flip side: the risks. According to statistics, motorcyclists are about 28 times more likely to die in a crash compared to occupants of other vehicles. Knowing this only heightens the Motorcycle Insurance Importance. So, what can mitigate these risks and give you peace of mind as you throttle down the highway? You guessed it—motorcycle insurance. Far from just a legal requirement, the right insurance policy can protect your financial future, cover the costs of accidents, and even replace your beloved ride if it gets stolen or totaled. This article aims to take you through the ins and outs of why motorcycle insurance is not just beneficial but essential. We’ll also debunk some myths about Motorcycle Insurance Coverage and offer Motorcycle[...]

Sep15, 2023

Does Your Pet Need Insurance? A Closer Look

September 15, 2023|Laurie Insurance Group|

Owning a pet is much like adding a new member to the family. Whether you’re the proud parent of a playful puppy, a mischievous cat, or even an exotic pet like a reptile or bird, the love and joy they bring into your home are immeasurable. Alongside the happiness, however, comes a very real set of responsibilities. There are visits to the vet for vaccinations and check-ups, dietary considerations, and of course, the inevitability of dealing with illnesses or accidents that may befall your beloved animal companion. That’s where the notion of pet insurance comes into play. As much as we would like to think that our pets will forever be the frolicking bundles of joy we know and love, accidents and illnesses can occur unexpectedly, leaving you with steep veterinary bills. For some pet parents, these bills can result in heartbreaking decisions, as the cost of care becomes a significant burden. Pet[...]

Sep8, 2023

A Quick Guide to Flood Insurance: Stay Protected, Stay Prepared

September 8, 2023|Laurie Insurance Group|

Floods are rapidly becoming a recurring nightmare in many parts of the United States. From torrential downpours to hurricanes, the causes are numerous but the consequences are the same: immense loss and heartbreak. As we grapple with an ever-changing climate, flood events are increasing both in frequency and severity, affecting communities that have never before had to consider the possibility of a flood. That’s why the importance of flood insurance has never been more evident. While it’s not a magic shield against the forces of nature, it’s a crucial safety net that can save you from financial ruin. This Flood Insurance Guide aims to walk you through everything you need to know—from understanding flood insurance coverage to figuring out if you’re in a FEMA-designated flood zone. By the end of this article, you’ll understand how to buy flood insurance and why it’s a critical step in your preparedness journey.   WHAT IS FLOOD[...]

Sep1, 2023

5 Biggest Mistakes to Avoid When Filing an Insurance Claim

September 1, 2023|Laurie Insurance Group|

Filing an insurance claim can often feel like navigating a maze. Each step in the process comes with its own unique challenges that demand careful analysis and attention. Any oversight or mistake can set off a chain reaction, potentially leading to financial loss, delayed settlements, or even claim denials. This critical process becomes even more challenging when you’re dealing with the emotional and financial aftermath of an unfortunate event, be it an accident, natural disaster, or theft. That’s why it’s crucial to understand the pitfalls that could complicate your claim process and how to steer clear of them. Whether you’re a seasoned policyholder or someone who’s recently entered the world of insurance, being aware of these common mistakes can save you time, stress, and money. This article is designed to equip you with the knowledge you’ll need to avoid common errors in the insurance claim process. By the end of this read, you’ll[...]

Aug29, 2023

The Landlord’s Guide to Insurance: Protecting Your Property

August 29, 2023|Laurie Insurance Group|

Investing in rental property can be lucrative, but it also exposes you to certain risks. As a landlord, you need to protect your investment against potential damage and liability. That’s where landlord insurance comes in. In this comprehensive guide, we’ll explore how you can use insurance for landlords to safeguard your property.   WHY LANDLORD INSURANCE? Landlord insurance provides coverage for property owners renting out their residential properties. Unlike standard home insurance, which is designed for owner-occupied properties, landlord insurance covers the unique risks associated with rental properties. Typically, a landlord insurance policy provides three types of coverages: Property Damage: This covers damage to the building and any personal property you own on the property, such as appliances and furniture in the event of fire, storm, theft, and vandalism. Liability Insurance: If a tenant or visitor suffers an injury on your property, liability insurance can cover the associated legal fees and medical expenses. Loss of[...]

Aug25, 2023

How to Handle a Natural Disaster: The Role of Insurance

August 25, 2023|Laurie Insurance Group|

Natural disasters are unpredictable and can leave a trail of devastation in their wake. While we cannot control these catastrophic events, we can certainly prepare for them. One of the critical components of disaster preparedness is having the right insurance coverage. This post will guide you on the role of insurance in a natural disaster and how to maximize your protection. UNDERSTANDING NATURAL DISASTERS AND INSURANCE Natural disasters can range from floods, earthquakes, hurricanes to wildfires, each posing unique risks to your property. Standard home insurance policies often cover some natural disasters but not all. Understanding what your insurance covers is key to protecting your assets. Read Your Policy: The terms and conditions of your policy detail the types of natural disasters it covers. Often, it includes events like wildfires and windstorms but may exclude floods and earthquakes. Get Clarity: If your policy document leaves you with doubts, reach out to your insurance agent. They[...]

Jul28, 2023

Home Sweet Insured Home: Why Home Insurance Matters

July 28, 2023|Laurie Insurance Group|

Your home is more than just a roof over your head—it’s the stage where life unfolds, a place of comfort, and perhaps your most valuable asset. In this post, we’ll explore why protecting your home with home insurance is so crucial, and how it gives you peace of mind knowing your safe haven is secure.   1. UNDERSTANDING HOME INSURANCE Home insurance, also known as homeowners’ insurance, provides coverage for damage to your home, its contents, and other personal possessions. It also offers liability coverage against accidents that occur at home or on the property. Essentially, home insurance is a safety net for one of the biggest investments of your life—your home. There are various types of home insurance policies available, with different levels of protection. The choice of policy will depend on your specific needs and the nature of the property you’re insuring.   2. PROTECTION AGAINST FINANCIAL LOSS Home insurance provides financial protection[...]

Jul21, 2023

What is Preventative Care? Why You May Need it

July 21, 2023|Laurie Insurance Group|

A familiar saying goes, “An ounce of prevention is worth a pound of cure.” It’s a principle that holds especially true when it comes to our health. Preventative care is a crucial component of health and wellness that often gets overlooked until it’s too late. If you’re in the process of selecting an insurance plan or merely seeking ways to enhance your health, understanding preventative care is vital. Let’s explore what preventative care is and why you may need it.   1. UNDERSTANDING PREVENTATIVE CARE Preventative care, also known as preventive care, encompasses medical services that defend against health emergencies. It involves steps you take to prevent diseases or injuries before they happen. These measures are designed to help you stay healthy and catching potential health issues early when they’re more manageable. Preventative care includes services like vaccinations, screenings for cancer or diseases, counseling for healthful lifestyle choices, and regular check-ups. It is typically broken[...]

Jul14, 2023

The Lifesaver’s Guide to Health Insurance

July 14, 2023|Laurie Insurance Group|

Healthcare can be a complex maze to navigate. But, with the right health insurance coverage, it doesn’t have to be. A good health insurance plan is like a lifesaver in troubled waters—it protects you from being financially sunk by unexpected medical costs. If you’re looking for insurance, this guide can help you understand how health insurance works and how to choose the right coverage.   1. UNDERSTANDING HEALTH INSURANCE At its core, health insurance is a type of coverage that pays for medical, surgical, and sometimes dental expenses incurred by the insured. Health insurance can also cover the cost of caring for a recovering patient after surgery or severe illness. It can reimburse the insured for expenses incurred due to illness or injury, or pay the care provider directly. Understanding health insurance starts with knowing the key terms used. Here are a few to get you started: Premium: The amount you pay for your health insurance every month.[...]

Jul8, 2023

Off the Beaten Track: Insurance for Off-Road Vehicles

July 8, 2023|Laurie Insurance Group|

Embracing the call of the wild and hitting the off-road trail is an exhilarating experience, offering a slice of adventure to the brave at heart. But before you venture into the rugged terrain, consider securing the right insurance for your off-road vehicle. This guide aims to familiarize you with the ins and outs of insurance for off-road vehicles.   UNDERSTANDING INSURANCE FOR OFF-ROAD VEHICLES You’ve invested in your ATV (all-terrain vehicle), dirt bike, snowmobile, or another type of off-road vehicle to explore terrains less trodden. But have you considered the protection your adventurous vehicle needs? This is where off-road vehicle insurance, also often referred to as recreational insurance, comes into play. Off-road vehicle insurance offers specific coverage for vehicles intended for off-road use. From your dirt-chewing ATVs to snow-kicking snowmobiles, this insurance helps safeguard your financial health against potential accidents, theft, or damage while you’re having fun in the wild.   WHY OFF-ROAD INSURANCE IS[...]

Jul7, 2023

4 Essential Tips for Protecting Your Identity with Insurance

July 7, 2023|Laurie Insurance Group|

In today’s digital world, identity theft has evolved into a daunting, pervasive issue. It can strike any unsuspecting individual, causing feelings of vulnerability, immense frustration, and in worst-case scenarios, it can drain your finances. Fortunately, you can opt for a protective layer of insurance to provide you with the necessary peace of mind. If you’re looking to secure your personal information proactively, we have compiled four essential tips for protecting your identity with insurance.   1. UNDERSTAND WHAT IDENTITY THEFT INSURANCE COVERS The first step towards protecting your identity with insurance is understanding what identity theft insurance covers. This type of insurance primarily focuses on covering costs associated with recovering from identity theft. The repercussions of identity theft are not always limited to monetary loss. It can entail significant inconvenience, countless hours spent on addressing the issue, and even emotional distress. Identity theft insurance often covers phone bills, mailing costs, lost wages due to time taken off[...]

Jun30, 2023

Risk Management: The Role of Insurance in Your Business

June 30, 2023|Laurie Insurance Group|

Running a successful business involves navigating an ever-changing landscape of risks. That’s where effective risk management comes in, and insurance plays a pivotal role in this process. Let’s delve into how insurance fits into your business’s risk management strategies. UNDERSTANDING RISK MANAGEMENT Risk management is the process by which businesses identify, assess, and prioritize potential hazards. These could range from financial uncertainties, accidents, legal liabilities, to natural disasters. Once the risks are outlined, the business develops strategies to mitigate their potential impact.   THE IMPORTANCE OF INSURANCE IN RISK MANAGEMENT Insurance is a cornerstone of risk management for several reasons: Transfer of Risk: Insurance allows your business to transfer risks to the insurance company. By paying premiums, you ensure that potential significant losses become manageable expenses, ensuring your business’s continuity even in the face of adversity. Legal Compliance: Many forms of insurance, such as workers’ compensation and auto insurance, are mandatory in most states. Adequate[...]

Jun26, 2023

Real Estate Investing for Beginners: Expert Tips for Buying Your First Investment Property

June 26, 2023|Laurie Insurance Group|

Laurie Insurance Group was named a local expert by Redfin real estate company. Check out the original article we were featured in – Real Estate Investing for Beginners: Expert Tips for Buying Your First Investment Property by Marcello Kline. ----------------------------------------------------------------------------------------------------------------------------------------- Have you ever been captivated by the ins and outs of real estate investing, declaring, “I could do that,” or even, “I want to do that,” but couldn’t pinpoint where to start? If so, you’re in luck because this Redfin article is tailor-made just for you. Buying your first investment property has the potential to be an exhilarating and profitable adventure. However, let’s face it: the complex landscape of real estate investing can be intimidating without the right knowledge and guidance. But fear not. In this all-encompassing guide, we will unveil a treasure trove of expert tips and invaluable insights that will empower you to fearlessly navigate the process. From relationship building to conducting due diligence, you’ll[...]

Jun23, 2023

Tips for Protecting Your Home from Summer Storms

June 23, 2023|Laurie Insurance Group|

When the summer season approaches, the possibility of storms increases along with the temperatures. From thunderstorms and hurricanes to tornados and hailstorms, summer weather can pose a significant threat to your home. Thankfully, with a bit of preparation and the right insurance, you can ensure that your home remains a safe haven despite any summer storms that may come your way. Here are some tips to help you protect your home. PREPARE IN ADVANCE REGULAR HOME MAINTENANCE Regular maintenance is a crucial part of home storm protection. Ensure your roofing is in good condition and capable of withstanding heavy rain. Clean out your gutters regularly to prevent water from pooling and causing damage. TRIM OVERHANGING BRANCHES Trees and branches can cause significant damage during a storm. Trim any overhanging branches near your home to reduce the risk. SECURE LOOSE ITEMS Loose items around your property, such as garden furniture or decorations, can become[...]

Jun23, 2023

6 Tips for Choosing the Best Homeowner’s Insurance

June 23, 2023|Laurie Insurance Group|

Selecting the best homeowner’s insurance for your needs is an essential step towards securing your future. However, the vast range of options available can often be overwhelming. Fear not, this guide is here to help simplify the process. Here are six top tips to help you navigate your way to the best homeowner’s insurance. UNDERSTAND WHAT’S COVERED Before you begin shopping for homeowner’s insurance, it’s crucial to understand what a standard policy typically covers. Most policies offer protection for the structure of your home, personal property, liability protection, and additional living expenses if your home becomes uninhabitable due to a covered peril. KNOW YOUR HOME’S VALUE To ensure your home is adequately covered, it’s essential to know its true value. This includes not only the market value but also the cost to rebuild it in case of total loss. Consult with a home contractor or a home replacement cost estimator to get an[...]

Jun16, 2023

Why You Should Always Wear Sunscreen: 5 Tips to Protect Your Skin

June 16, 2023|Laurie Insurance Group|

As the weather warms up and we spend more time outdoors, it’s important to remember the importance of wearing sunscreen. Not only does sunscreen protect against painful sunburns, but it also helps prevent long-term damage to your skin, such as premature aging and skin cancer. In this blog post, we’ll explore why you should always wear sunscreen and provide tips on how to protect your skin. Tip #1: Protect Against UV Rays Sunscreen protects your skin from harmful UV rays that can cause damage to your skin cells. UV rays can penetrate the skin, causing damage that may not be visible for years. By wearing sunscreen, you can protect against these damaging rays and help prevent skin cancer. Tip #2: Prevent Premature Aging Exposure to the sun can also cause premature aging of the skin, including wrinkles, age spots, and sagging skin. By wearing sunscreen regularly, you can help prevent these signs of aging and[...]

Jun16, 2023

Insure Your Livelihood with a Good Business Insurance Plan: 5 Tips to Protect Your Business

June 16, 2023|Laurie Insurance Group|

As a business owner, you have invested a lot of time, effort, and money into your livelihood. Protecting your business is crucial to ensuring its long-term success. One way to do this is by having a good business insurance plan. In this blog post, we’ll explore why having business insurance is important and provide tips on how to choose the right plan for your business. Tip #1: Understand Your Risks Every business faces unique risks and challenges. Before choosing a business insurance plan, it’s important to assess the risks specific to your business. This may include risks such as property damage, liability claims, or employee injuries. Understanding your risks will help you choose the right coverage for your business. Tip #2: Choose the Right Coverage Once you understand your risks, it’s important to choose the right coverage for your business. This may include liability insurance, property insurance, or worker’s compensation insurance, among others. Consider working[...]

Jun14, 2023

Protect Your Furry Friends with Pet Insurance

June 14, 2023|Laurie Insurance Group|

As a pet owner, you want to provide the best possible care for your furry friend. But what happens if your pet gets sick or injured? Veterinary bills can add up quickly, leaving you with a hefty expense. That’s where pet insurance comes in. In this blog post, we’ll explore the benefits of pet insurance and how it can help you protect your furry friends. What is Pet Insurance? Pet insurance is a type of insurance that helps cover the cost of veterinary bills if your pet gets sick or injured. It works similarly to human health insurance, where you pay a monthly premium in exchange for coverage. Depending on the policy, pet insurance can cover everything from routine check-ups to major surgeries. Why is Pet Insurance Important? Pet insurance can help protect your furry friend and your wallet. Unexpected veterinary bills can be expensive, and pet insurance can help alleviate the financial[...]

Jun14, 2023

How to Use Your 401(k) Savings Plan

June 14, 2023|Laurie Insurance Group|

If you’re like many Americans, you may have a 401(k) savings plan through your employer. But do you know how to use it effectively to save for your retirement? In this blog post, we’ll explore the basics of 401(k) plans and provide tips on how to make the most of your savings. What is a 401(k) Savings Plan? A 401(k) savings plan is a retirement savings plan sponsored by an employer. It allows employees to contribute a portion of their salary to the plan on a pre-tax basis. The contributions are invested in a variety of investment options, such as stocks, bonds, and mutual funds. The goal of a 401(k) plan is to help you save for retirement while taking advantage of tax benefits. How Much Should You Contribute? The amount you should contribute to your 401(k) plan depends on your individual financial situation. Financial experts generally recommend contributing at least 10% to[...]

Jun9, 2023

How to use your life insurance while you’re still alive

June 9, 2023|Laurie Insurance Group|

Most people perceive life insurance as a financial safety net for their loved ones after they pass away. While this is undoubtedly a significant aspect of life insurance, it’s not the whole picture. Many insurance policies offer what are known as “living benefits,” which allow you to tap into your life insurance while you’re still alive. In this article, we’ll explore the ways you can use your life insurance during your lifetime. WHAT ARE LIVING BENEFITS? Living benefits are features included in certain life insurance policies that allow the policyholder to access a portion of the death benefit under specific circumstances while they’re still living. These circumstances can include being diagnosed with a chronic or terminal illness or needing long-term care. TYPES OF LIVING BENEFITS There are several types of living benefits you can avail of, depending on the specifics of your life insurance policy. ACCELERATED DEATH BENEFITS Accelerated death benefits (ADB) allow[...]

Jun9, 2023

Shielding Your Business: Understanding Product Liability Insurance

June 9, 2023|Laurie Insurance Group|

In the realm of business, a company’s reputation is everything. It can take years to establish trust with consumers, and a single faulty product can tarnish that hard-earned trust in an instant. Beyond the reputational risk, there are significant financial risks involved. Lawsuits related to product faults or failures can cost a business heavily. This is where product liability insurance becomes crucial. Let’s explore what product liability insurance is, who needs it, and why it’s vital for your business. WHAT IS PRODUCT LIABILITY INSURANCE? Product liability insurance is a type of business insurance designed to protect companies against claims related to the manufacture or sale of products, food, medicines, or other goods to the public. It covers the manufacturer’s or seller’s liability for losses or injuries caused by a defect or malfunction of the product. WHO NEEDS PRODUCT LIABILITY INSURANCE? Every business involved in the creation or distribution of products should consider having[...]

Jun8, 2023

Accounts Receivable Insurance – Do You Need It?

June 8, 2023|Laurie Insurance Group|

In a world where unpredictability is the only constant, businesses are increasingly seeking ways to manage their risk. One area that is often overlooked is the arena of accounts receivable. The question that we need to answer is – Do businesses need accounts receivable insurance? Let’s delve into this topic and understand its importance. WHAT IS ACCOUNTS RECEIVABLE INSURANCE? Accounts receivable insurance is a form of coverage that protects businesses against losses due to customer non-payment. As businesses extend credit to their customers, they assume the risk that customers might not pay for goods or services. With accounts receivable insurance, businesses can safeguard themselves from potential defaults and manage their financial risk better. WHY SHOULD YOU CONSIDER ACCOUNTS RECEIVABLE INSURANCE? PROTECTION AGAINST BAD DEBTS In an ideal world, all your clients would pay their invoices on time. However, the reality is different. Businesses may encounter customers who default on their payments, which can[...]

Jun8, 2023

Practicing Mindfulness: A Strategy for Health and Insurance

June 8, 2023|Laurie Insurance Group|

In the fast-paced world of business and insurance, mental health often takes a backseat. However, maintaining mental health is not just essential for overall well-being; it can also impact your insurance. One technique that is rapidly gaining attention in the business and health community is mindfulness. In this article, we’ll explore what mindfulness is, its benefits, and how it can potentially impact your insurance policy. WHAT IS MINDFULNESS? Mindfulness refers to the practice of being fully present and engaged in the current moment, aware of your thoughts and feelings without distraction or judgment. It’s about taking a break from the constant hustle and bustle and connecting with yourself. This connection allows you to reduce stress, improve focus, and gain a more profound understanding of your feelings and thoughts. THE BENEFITS OF MINDFULNESS Mindfulness has several benefits, including: REDUCED STRESS By focusing on the present, mindfulness helps reduce the stress that often comes from[...]

Jun6, 2023

Coping with Loss: How Insurance Helps During Difficult Times

June 6, 2023|Laurie Insurance Group|

The loss of a loved one or a sudden calamity can be devastating, both emotionally and financially. However, the right insurance policy can provide much-needed support during these challenging times. Let’s delve into how insurance can help you cope with loss.   A FINANCIAL SAFETY NET IN TIMES OF LOSS One of the primary functions of insurance is to offer financial support in times of loss. Here’s how various types of insurance can assist: Life Insurance: In the unfortunate event of the policyholder’s death, life insurance provides a financial cushion to the beneficiaries. It can help cover funeral costs, pay off debts, or serve as income replacement, lessening financial stress during a grieving period. Health Insurance: Serious illnesses or accidents can lead to substantial medical expenses. Health insurance can cover these costs, allowing the individual and their family to focus on recovery rather than financial strain. Homeowners Insurance: If your home is damaged or destroyed due[...]

Jun2, 2023

Physically Fit for the Summer

June 2, 2023|Laurie Insurance Group|

Summertime brings warmth, fun, and a chance to get back into shape. But, getting physically fit isn’t just about working out—it’s also about taking care of your health and ensuring you’re protected. That’s where the beauty of having a good health insurance plan comes in. Embrace the outdoors! Don’t let potential risks hold you back. The season of sunny skies and blossoming landscapes is the perfect time to engage in outdoor activities like hiking, cycling, swimming, or playing a friendly game of soccer. These fun activities can contribute to your fitness, boost your mood, and are often covered by your health insurance plan if any injury occurs. Good health is a journey, not a destination Getting fit doesn’t happen overnight, it’s a process. Health insurance is your ally during this journey, taking care of your routine check-ups and preventive care, such as screenings and immunizations. A little effort now can prevent serious health[...]

Jun2, 2023

Does Uber/Lyft Insurance Cover Passengers?

June 2, 2023|Laurie Insurance Group|

Do you ride with Uber or Lyft? Whether for convenience or cost savings, ridesharing has quickly become a popular form of transportation. While many people understand that drivers who use Uber/Lyft are required to have special insurance policies to make sure they’re covered in the case of an accident, many don’t know what protections riders may receive, beyond those offered by their car insurance policy if they were driving. Understanding Uber and Lyft’s unique coverage is important to staying safe on the road. Keep reading to learn more!    What Types of Coverage are Offered by Uber/Lyft Insurance Policies?   Uber and Lyft insurance policies provide a variety of coverage elements for drivers. All drivers are required to carry their insurance, but they receive supplemental insurance from their prospective rideshare company while working. These policies are designed to protect drivers from certain risks and costs associated with providing paid transportation services. As Uber and Lyft become increasingly popular[...]

May31, 2023

Restaurants and Liquor Licenses

May 31, 2023|Laurie Insurance Group|

Are you a restaurant owner looking to serve alcohol? Despite what some people may think, it is not as simple or easy as just stocking the bar and welcoming customers. To ensure your business is fully compliant with all applicable regulations, you must obtain a liquor license. This can be a complex process that varies based on city, state, or county jurisdiction; however, getting this important document will help protect you and your business from unnecessary risk and liability in the long run.   In this blog post, we’ll talk about why obtaining a liquor license for your restaurant is essential for compliance with local laws and regulations, as well as how to get started on the path to purchasing one of these critical permits.      Understand the Different Types of Liquor Licenses A liquor license is a requirement for any restaurant that wishes to serve alcoholic beverages as part of its services. Each[...]

May31, 2023

How to protect your home while you’re on vacation

May 31, 2023|Laurie Insurance Group|

Going on vacation is a great way to relax and unwind—but it’s important to stay vigilant when you’re away. As a homeowner, your home is likely one of the most valuable assets that you can secure while you’re not there. That means taking extra measures when it comes to protecting your house, both inside and out. This guide will provide you with tips for ensuring your home stays safe while you are enjoying a much-needed break from everyday life. From installing home security systems to securing valuables, here are essential steps every homeowner should take before jetting off for vacation:   Install Lights on Timers   With a few simple adjustments, like adding lights to timers, you can help protect your home from potential intruders. By setting the lights to turn on and off at random times throughout the night, you may be able to deter criminal activity. This technique is especially beneficial if you[...]

Mar2, 2023

Why Every Renter Needs Renters’ Insurance

March 2, 2023|Laurie Insurance Group|

When you’re a renter, protecting your valuables from theft and potential damage is of utmost importance. That’s why there is renters’ insurance—it helps to make sure that you have the coverage you need if something unexpected happens. Not only will it cover physical items like lost or damaged belongings, but it can also provide financial protection against liability lawsuits or medical bills resulting from an accident on the premises. Renters’ insurance can be an invaluable tool for anyone who lives in a rented space. Keep reading to understand why having this important coverage should be every renter’s priority.      WHAT IS RENTERS INSURANCE AND WHY IT’S IMPORTANT    Renters’ insurance is an essential component for anyone leasing property. It protects from financial losses due to hazards, such as fire, theft, or a tenant’s liability, and provides peace of mind if the worst were to happen. Many people mistakenly assume that their landlord’s insurance will[...]

Feb17, 2023

Understanding Surety Bonds

February 17, 2023|Laurie Insurance Group|

Surety bonds are a complex concept and an important financial tool essential to many industries in the United States. Regardless of whether you’re an individual or a business, if you are seeking surety bonds you must understand the process before obtaining one.    Surety bonds exist to protect businesses and their customers by assuring that contracted work will be properly completed according to agreed-upon terms and conditions. In this blog post, we will explore what surety bonds are, who purchases them, and how they work as well as other related topics such as why buyers purchase surety bonds and what people need to know about them.       WHAT IS A SURETY BOND AND HOW DOES IT WORK    A surety bond is a document that provides financial protection to business owners and customers in the event of negligence or failure by a company to fulfill contractual conditions. A surety bond is essentially an insurance policy,[...]

Feb10, 2023

How to Get the Most Out of Your Health Insurance Plan

February 10, 2023|Laurie Insurance Group|

Health insurance can be a complex and intimidating system, but it doesn’t have to be. As part of your overall health plan, there are several practical steps you can take that will help you get the most out of your health insurance coverage and ensure that you, your family members, or your employees have access to quality healthcare. From knowing exactly what benefits each policy includes to planning for procedures requiring pre-authorization, following these suggestions will allow you to make informed decisions about how best to utilize your health insurance benefits.      UNDERSTANDING YOUR HEALTH INSURANCE COVERAGE    Understanding your health insurance coverage is an important component of staying on top of your health. Knowing what types of coverage are provided by your plan, as well as which procedures and services are covered, is essential in developing a comprehensive healthcare strategy. Having this information can help you make informed decisions about the care you[...]

Jan27, 2023

Protect Your Business with Cyber Liability Insurance

January 27, 2023|Laurie Insurance Group|

If you’re a business owner, you know how important it is to protect your assets. But what about your digital assets? With more and more businesses relying on technology, cyber liability insurance has become an essential part of protecting your business. In this blog post, we’ll discuss what cyber liability insurance is and why your business may need it.     WHAT IS CYBER LIABILITY INSURANCE   Cyber liability insurance is a type of coverage designed to protect businesses and organizations from losses related to cyber risks such as data breaches, online fraud, stolen digital assets, and vishing. This type of insurance works by covering costs associated with incidents that expose customer data, confidential business information, and other sensitive information stored or transmitted electronically.   The purpose of cyber liability insurance is to help organizations mitigate the financial impact resulting from an event that puts their network security at risk. It also provides assistance to protect[...]

Jan20, 2023

Health Goals for 2023

January 20, 2023|Laurie Insurance Group|

As we move into the new year, it’s time to start thinking about our health goals for 2023. For many of us, that means making changes to our diet and exercise routines. But what else can we do to improve our health? Here are some ideas to get you started.    INCORPORATE MORE FRUIT AND VEGETABLES INTO YOUR DIET  Eating more vegetables and fruit is one of the best things you can do for your health. Fruits and vegetables contain essential vitamins, minerals, and fiber that can help lower blood pressure, reduce the risk of heart disease, stroke, and certain cancers. Adding more vegetables and fruits to your diet may also help protect against type 2 diabetes. Not only are vegetables and fruits vital for a healthy diet, they also offer amazing taste. Experimenting with different types of vegetables and fruits will give new flavors to your diet while incorporating beneficial nutrients into[...]

Jan13, 2023

Why You Should Purchase Travel Insurance Before Your Next Big Trip

January 13, 2023|Laurie Insurance Group|

It’s no secret that planning a vacation can be a stressful process. There are many details to consider and coordinate, from booking your travel arrangements to ensuring you have the right documents. One important detail that is often overlooked is purchasing travel insurance.    Many people think they don’t need travel insurance because they already have health insurance. However, travel insurance provides coverage for unexpected events that may occur during your trip, such as lost luggage or cancellations. It can also provide financial protection in the event of an emergency medical situation. Keep reading for more information about why you need travel insurance:      FINANCIAL PROTECTION IN CASE OF EMERGENCY   Travel insurance provides financial protection against a variety of unexpected issues while you are traveling. It can cover a whole range of events and losses, depending on the type of policy you purchase. It offers coverage for medical costs if you get injured or[...]

Jan6, 2023

House Fire Preparation and Safety

January 6, 2023|Laurie Insurance Group|

As a homeowner, it’s important to be prepared for anything—and that includes a house fire. Knowing what to do in the event of a fire can mean the difference between safely evacuating your family and losing everything.   But being prepared doesn’t have to be difficult or expensive. There are a few simple things you can do right now to help keep your household safe from fires. Keep reading to find out how to prepare your family in case of a fire, and what you need to know about home fire safety.     KEEP A FIRE EXTINGUISHER READILY ACCESSIBLE   Maintaining a fire extinguisher in an easily accessible location can save lives in the event of an emergency. It is essential to family safety since fires can start unexpectedly and spread quickly. Fire extinguishers should be checked regularly and stored in designated areas that are easy to reach. In addition to having a fire extinguisher[...]

Dec30, 2022

How Your Business Can Grow in 2023

December 30, 2022|Laurie Insurance Group|

Are you looking to grow your business in 2023? If so, you’ll need to set some realistic goals and expectations. Marketing your brand efficiently is also key. Keep reading to learn more about how you can make your business thrive in the coming year:       SET REALISTIC GOALS   Setting realistic goals for your business is an important step in its long-term success. As you look to the coming year, it’s important to plan out what you are hoping to achieve and how you will measure success. Your goals should be detailed but achievable, allowing you to adjust as needed while still driving progress toward them over time. It’s also crucial to focus on effective marketing techniques that allow your brand to reach the right target audience so that you can start making real progress toward achieving those goals now and in the years to come.      UNDERSTAND YOUR TARGET AUDIENCE   As businesses look[...]

Dec23, 2022

How to Stay Mindful of Your Health This Holiday Season

December 23, 2022|Laurie Insurance Group|

The holiday season is a time for family, friends, and fun. But it’s also a time when our minds can wander from our healthy habits. From overeating to skipping workouts, it’s easy to let our health fall by the wayside during this busy time of year.  But being mindful of your health doesn’t have to be a chore. There are simple things you can do to stay on track like incorporating movement into your holiday gatherings and choosing healthier foods at potlucks. By making small changes like these, you can enjoy all the festive fun without sacrificing your health.     SET REALISTIC EXPECTATIONS  As life goes on, we often find ourselves setting unrealistic expectations for ourselves and for the people we care about. While it is admirable to want to achieve great things, it is equally important to remain realistic about what is achievable in a specific amount of time. If we fail[...]

Dec20, 2022

Flood Insurance

December 20, 2022|Flood Insurance, Home Insurance|

WHAT IS FLOOD INSURANCE? Flood insurance covers damages and losses caused by flooding. Flooding can be caused by a variety of factors, including heavy rain, snow melt, etc. Flooding can cause significant damage to homes, businesses, and other structures. It can be very costly to repair or replace damaged property. Flood insurance policies typically cover damages to the structure of the insured property, as well as damages to personal property and contents located inside the structure. Some policies may also cover additional living expenses if the insured property is uninhabitable due to flood damage. WHY DO I NEED IT? There are several reasons why it is important to have Flood Insurance. Flooding is a common occurrence in North Carolina. The state is prone to heavy rainfall and is at risk for flooding from coastal storms and hurricanes, as well as river and flash flooding. This means that homes and businesses in the state[...]

Dec16, 2022

What You Need in the Event of a Snowstorm

December 16, 2022|Laurie Insurance Group|

A winter storm can pose many dangers to you and your family. From being stranded in your car to slipping on the ice, it’s important to be prepared for anything. Here’s a list of things you need to weather a snowstorm:     HEAVY-DUTY SNOW SHOVEL   A heavy-duty snow shovel is an invaluable tool for anyone living in areas with cold winters. This type of shovel is designed for efficient and speedy snow removal, allowing you to clear your driveway or sidewalk quickly and easily. Choose from a variety of shovel sizes and features to best adapt to the space you need to clear. Heavy-duty snow shovels are constructed from quality materials, so they handle intense physical labor efficiently and survive repeated use year after year. Whether you’re facing 2″ of snow or several inches more, a heavy-duty snow shovel can save time and make short work of whatever winter throws your way.     [...]

Dec9, 2022

Is Crop Insurance Necessary During Winter

December 9, 2022|Laurie Insurance Group|

As a farmer, you may be wondering if crop insurance is necessary for the winter months. The answer is crop insurance is essential to your farming operation, no matter what season it is. Here’s why:       HELPS FARMERS FINANCIALLY IF CROPS ARE DESTROYED   Crop insurance plays a key role in protecting the investment of farmers. Providing financial security when crops are damaged or destroyed, ensures farmers will not experience severe financial losses due to events outside of their control. It also helps producers plan for risk management as part of their operation, by combining traditional planning with proper insurance coverage. This coverage provides peace of mind and greater economic stability for farmers and the agricultural industry as a whole.   Crop insurance can be an essential tool for farmers and agricultural business owners alike. With such a variety of plans available, from multi-peril to named peril, finding the right one for your specific situation[...]

Nov25, 2022

What Does the Rise of Unions Mean for You as a Business Owner

November 25, 2022|Laurie Insurance Group|

The recent rise of unions in the United States has been a hot topic of debate. For business owners, this raise in union membership could have significant implications. In this blog post, we’ll discuss what the rise of unions means for business owners and how they can prepare for potential changes.     UNIONS CAN BE A GOOD THING  The establishment of unions brings with it many benefits for employers, from increased loyalty and morale among staff to a stronger reputation in the community. It means that workers have more of a voice in the running of their workplace, and as such, they can feel more secure in their position when they know they are being represented by an advocate. This also gives them access to recourse should any issues of unfairness or mistreatment arise, providing peace of mind that their workplace is upholding important standards.   Similarly, the rise in union activity creates an[...]

Nov18, 2022

How to Eat Healthy During the Holidays

November 18, 2022|Laurie Insurance Group|

The holidays are a time for family, friends, and of course, food. While it’s important to enjoy all the delicious holiday treats, it’s also important to maintain a healthy diet. Here are some tips on how to eat healthily during the holidays!    PLANNING IS KEY  Eating well is an important step on the path to good health, and it starts with planning. While it’s tempting to load up on convenient processed foods, those are usually lacking in nutrition and often high in unhealthy fats, sugars, and sodium. A smarter approach is to make a list of the healthy food items you want to have in your kitchen (e.g., fruits, vegetables, whole grains, lean proteins) and then plan your meals around them. This ensures that you have access to nutrient-rich ingredients whenever you need them.   Planning helps create stress-free meal times while providing all the nutrients your body needs! That’s why it’s important[...]

Nov4, 2022

What is Loan and Lease Gap Insurance?

November 4, 2022|Laurie Insurance Group|

If you’ve ever wondered what loan and lease gap insurance is and how it can benefit you, then this blog post is for you. We’ll explore what loan and lease gap insurance are, how it works, and why it’s something worth considering if you’re financing a vehicle. So read on to learn more about this important coverage option!    CAN HELP PAY OFF CAR LOAN AFTER AN ACCIDENT   Loan and lease gap insurance is an optional type of coverage that can be beneficial to vehicle owners in the event of a total loss due to an accident. When your car is totaled, the value you receive from insurance may be less than the amount remaining on your loan or lease. Without gap insurance, you could be liable for the difference between what your insurance pays out and what is still owed on the loan or lease agreement. Gap insurance covers this difference, making[...]

Nov2, 2022

Protecting Your Pet During an Emergency

November 2, 2022|Laurie Insurance Group|

As a pet owner, you never want to think about what would happen if your furry friend was injured or caught in a disaster. But it’s important to be prepared, just in case. Here are some tips on how to keep your pet safe during an emergency.    MAKE SURE YOUR PETS ARE WEARING UP-TO-DATE TAGS  Having a pet that wears an ID tag at all times may seem like an unnecessary chore, but it can be critical to their safety and well-being. Not only can tags provide invaluable information in the event they become lost or injured – including contact details of their owners as well as any medical needs – but they can also help to protect them if they are found by someone unfamiliar.   With up-to-date information available on their tags, pets will be able to return home quickly and without any questions or uncertainties. As such, pet owners need[...]

Oct28, 2022

Sugar Rush: How Does Too Much Candy Affect Your Body?

October 28, 2022|Laurie Insurance Group|

We all know that sugar is not good for our bodies, but the scary repercussions do not seem to be fully realized when we look at American culture. Many of our holidays revolve around food, and, particularly and not coincidentally, processed and refined foods such as candy. Americans love candy and purchase around twenty-four pounds of candy per person, per year, ingesting the most around Halloween. Americans, we have a problem. Too much sugar is poisonous for our bodies. Sugar overworks the liver and pancreas and causes inflammation. It directly and indirectly leads to a wide array of health problems, from tooth decay and obesity to heart disease and diabetes. Removing sugar from your diet can even lower your chances of suffering from the worst symptoms and conditions from Covid-19. In a study on the effects of sugar on heart health published in 2014, “people who got 17% to 21% of their calories[...]

Oct21, 2022

Why is Life Insurance So Important

October 21, 2022|Laurie Insurance Group|

Everyone should have life insurance, no matter their age or health. It is because life insurance can provide financial support to your loved ones in the event of your death. No one knows when their time will come, so have life insurance in place in case something happens.     DIFFERENT TYPES OF LIFE INSURANCE   There are many types of life insurance policies available to meet your needs. One common type is term life insurance, which provides coverage for a specific period, such as 10 or 20 years. Another option is whole life insurance, which covers your entire life. It can be a good choice if you want the security of knowing that your family is taken care of financially after you pass. There are also Universal and Variable life policies available, which offer more flexibility than whole life insurance but can be more expensive.    HAVE PEACE OF MIND   No one likes to[...]

Oct7, 2022

6 Reasons to Insure Your All Terrain Vehicle (ATV)

October 7, 2022|Laurie Insurance Group|

Blazing trails on your ATV out in the fresh, clean, country air is an indescribable joy that can only be felt. Thinking about insurance against damages and injuries is no joy, but it is a hill that you and your agent need to charge over together so that you can continue doing what you love. Here are six reasons you should get with your agent and discuss the proper coverage so that you can get back to your ride, worry-free: 1. LEGAL COMPLIANCE Many states require proof of insurance when using your ATV on public land, and some states require it when in use anywhere not on your own land. You may also not be allowed by law to drive your ATV on paved roads in your state. To avoid a ticket and fines, it’s best to ask your agent about the minimum requirements for insuring your joy-ride in your home state. 2.[...]

Sep23, 2022

Bundle Up! What It Means to Bundle Your Insurance Policies

September 23, 2022|Laurie Insurance Group|

What happens when you have a lot of coverages but don’t bundle them? You end up with many confusing pieces of paperwork, and you could be spending more money than you need. Do you have different policies from different providers? Maybe you weren’t sure you wanted to bundle your policies and just never went back. Today, we will look over the importance of bundling your policies from more than just the money-saving aspect, and we understand how important that is!    LET’S SAVE SOME MONEY  The biggest reason that many people have insurance bundles is the amount of money they can save. When you bundle your policies, you allow one insurance carrier to insure multiple lines under the same policy. The most popular bundle usually consists of home, life, and auto policies. Why do people lean towards bundling their policies? Bundling is typically done due to the agency offering some form of discount.[...]

Sep16, 2022

Important Tips for Your Roof Inspection

September 16, 2022|Laurie Insurance Group|

Your roof is your home’s first line of defense from natural elements such as rain, hail, snow, and debris. Even a small crack can cause extensive damage, so it is a good idea to conduct routine roof checks. This helps keep your home and family safe, while also ensuring you have documentation of professional maintenance to provide your insurance policy. Here are tips to keep in mind when it comes time for your roof check.    Inspect Regularly  Plan to inspect your roof at least once a year. This allows you to stay ahead of repairs as you note possible damage. Conduct additional checks after extreme weather such as hail, snow, or thunderstorms. Depending on the weather in your climate, your roof may be subject to more possible damage from natural elements. Your home insurance policy does not cover “wear and tear” repairs or those caused by age, so it is vital to[...]

Aug25, 2022

Rental Property Insurance

August 25, 2022|Home Insurance, Landlord Policy|

The cost of real estate has never been higher than it is now.  In times of the boom, we always kick ourselves for not buying more real estate in the past.  If you find yourself investing in properties to rent out then you may want to learn more about rental property insurance.  It is important that you purchase the right kind of policy so that you will be properly covered in the event of a claim.  Depending on where you are in the process, the policy you need may vary.  We will discuss some of the more common policy types you may need. Make sure to be up front with your agent as much as possible and share your coverage concerns to make sure you get the policy that is right for you. VACANT PROPERTY INSURANCE If you purchase a property that is vacant with an intent to renovate it before you rent[...]

Aug12, 2022

Small Business Owners: What Kind of Insurance Should You Offer to Employees?

August 12, 2022|Laurie Insurance Group|

Understanding what types of insurance to offer your small business’s employees can feel like a challenge. However, this is a great problem to have! It means you as the owner have done a wonderful job growing the company and adding new staff members to your dedicated team. Health insurance benefits are a major way to attract top talent to your company.   The Affordable Care Act changed the landscape for small businesses and now requires companies with 50 or more employees to offer an “affordable” health plan. For an employee-only policy, they cannot spend more than 9.5% of their household income for coverage. Even if your business has fewer than 50 employees, there are still major incentives such as tax credits, employee satisfaction and retention, recruiting talent, and reduced sick time. Here, we are breaking down the basics of the types of insurance coverage to keep your small business’s employees happy and healthy.  MEDICAL[...]

Jul22, 2022

What Insurance Do I Need for a Vacation?

July 22, 2022|Laurie Insurance Group|

Vacations are wonderful opportunities to relax, explore new places, and enjoy time spent with family and friends. But as you prepare for time away from home, it is important to have the proper insurance policies set up in advance. While you hope to never need them, these types of insurance can help you rest easy on your next trip.   RENTAL CAR INSURANCE  If you are flying to your destination, you may also be picking up a rental car once you land at the airport. Purchasing insurance for your rental car is optional, and your own car insurance policy does affect most cases when you rent a vehicle. However, suppose you did not purchase collision or comprehensive auto insurance for your own vehicle. In that case, this means you will be responsible for the cost of any collision damage done to the rental as well. It is always ideal to have personal collision insurance,[...]

Jul15, 2022

Proper Pool Safety While Enjoying the Summer Season

July 15, 2022|Laurie Insurance Group|

Cooling off in the pool is one of the most fun ways to beat the summer heat. But before you jump in, there are a few safety tips to keep in mind. Many of these suggestions are geared towards your children or young family members, but it is up to you to enforce them and keep everyone safe. Here are six pool safety measures to take that protect both you and your loved ones this summer.   SECURE YOUR POOL  A vital first step in pool safety is building a barrier around the perimeter. A four-sided isolation fence reduces the risk of a child drowning by 83% compared to three-sided property-line fencing. Use fencing that is durable, tall, and self-latching with a latch that is out of reach for young children. For above-ground pools, remove the steps or ladder when an adult is not present.   DESIGNATED WATER WATCHER  When children are swimming, there should[...]

Jun24, 2022

Seasonal Sun Safety

June 24, 2022|Laurie Insurance Group|

As the days grow longer and warmer, you may find yourself soaking in the sunshine for a few more hours each day. This has many health benefits from improving your mood to increasing your vitamin D absorption, but there is a key caveat – you must protect your skin against sun damage. Here are four ways you can stay safe while enjoying the outdoors this summer.  APPLY SUNSCREEN (EVEN ON CLOUDY DAYS!) While this may seem like the most obvious way to protect yourself from sun damage and skin cancer, you should ensure that you are using the appropriate SPF level and reapplying at the correct intervals. Sunscreen protects your skin from UV rays which cause burns and potentially skin cancer. Because UV rays are reflected off water particles, they can actually be even more harmful on cloudy or overcast days. Choose a broad-spectrum sunscreen with an SPF of 15 or more for[...]

Jun17, 2022

How Your Insurance Needs Change as the Size of Your Business Grows

June 17, 2022|Laurie Insurance Group|

When starting a business, you always have the goal to continue growing in mind. The last thing on your mind would be the types of insurance coverages you would need to have your business running at full efficiency. But how do you know what insurance to get for your business size? What happens when your company succeeds and sees growth? Not to worry, we have compiled a bit of information on what to do when it comes to insurance coverages for your growing business below. The types and amount of insurance that you need for your small business are based on several factors. First things first, you need to ask yourself: What type of business are you in? Where is it located? Do you have employees?   SMALL SIZED BUSINESSES  How can you classify your business as a small business? Ask yourself these two questions: Do you know all your employees by name? Does[...]

Jun16, 2022

Local Insurance Agent

June 16, 2022|Home Insurance|

I want to emphasize the importance of having a local insurance agent. This matters now more than ever before. We all know the annoyance of having to navigate through an automated phone system in order to get to the right department for your needs. Even when you are lucky enough to get to the right department, what are the chances that you actually get a person that can handle your request or answer your questions? A lot of people may not fully understand that local insurance agents still represent the largest insurance companies with the best coverages and premiums. The difference between dealing with the local agent and the company directly comes down to one major thing, SERVICE. The bigger the company, the more likely they are to try to replace service from an actual person with automation. It almost never goes over well. Just yesterday I went to my mobile carrier's website[...]

May27, 2022

Home Maintenance to Prepare Your Home for Summer

May 27, 2022|Laurie Insurance Group|

Summer is beginning to peek its head around the corner and it’s time to get your home ready for the summer heat! You should have maintenance upkeeps throughout the year, but summer is going to be our main focus in this blog. By starting your maintenance early, around mid to late May, you can bring down energy bills, improve the efficiency and life of the components of your home, and increase the overall safety of your property. Below are some ways you can help you help your home run at its best during the summer months.   Home Exterior   Over the course of a year, your home’s exterior can become covered with dirt, debris, dust, or even mold that makes your home lose its curb appeal. By using a power washer, you can clean off the dirt on all points of your home no matter how many levels it has. While inspecting the exterior[...]

May13, 2022

Rebuilding Your Business After a Natural Disaster

May 13, 2022|Laurie Insurance Group|

The Federal Emergency Management Agency (FEMA) reports that 40 to 60 percent of small businesses never recover and re-open their doors after a disaster. It is in the best interest of your business to maintain both adequate insurance coverage and a disaster recovery plan so you’re prepared to bounce back when Mother Nature comes calling.   In 2019, there were 14 major weather climate disasters that totaled community losses exceeding $1 billion in the United States. This included flooding, tornado outbreaks, hail storms, droughts, wildfires, and tropical storms. If you find yourself in need of rebuilding after a similar event, it’s important to:  STAY ON A SHORT TIMELINE  If you’re a small business, you’ve got to communicate your closure to customers, employees, and stakeholders, then find a way to re-open within five days if you want to preserve the chance you will still be in business in a year. Penning a plan for a[...]

Apr22, 2022

Are Your Valuables Protected? Five Possessions You Might Not Know Should Be Insured

April 22, 2022|Laurie Insurance Group|

While you hope never to experience a theft or home invasion, there are unfortunately about 2.5 million burglaries annually in the U.S. According to the FBI, this equates to one burglary every 30 seconds. A standard homeowner’s insurance policy covers personal items such as jewelry and artwork, but most policies have a limit of $1,000 to $1,500, regardless of the item’s value. With the average loss from a burglary being $2,661, it is in your best interest to add protection to your valuables. Here are five high-value possessions you may want to obtain a dedicated insurance policy for.   JEWELRY When purchasing fine jewelry, many jewelers offer insurance policies. These may provide cleaning and maintenance, repairs from scratches or accidental damage, and replacement stones should any come loose. However, these policies almost never cover the unfortunate loss of your sentimental items due to theft. Having additional coverage protects you from both burglary and even[...]

Apr15, 2022

Should I Pay My Auto Insurance Premium Monthly or Annually?

April 15, 2022|Laurie Insurance Group|

When it comes to automotive insurance, you may find yourself faced with multiple decisions to make. Should you choose a high or low deductible plan, minimum or maximum coverage, or pay premiums monthly versus an annual lump sum? Although there is truly no wrong answer, it is important to ensure you have the best possible coverage for your budget, driving habits, and lifestyle. Your local insurance agent can guide you toward the ideal policy for your needs, but this may still leave you questioning the frequency of your payments.   Depending on your budget, it may be harder for you to pay your insurance premium up-front. However, this is still the most cost-effective way to purchase coverage. Insurers may offer what seems like a discount when you pay annually, and this absolutely benefits you as the consumer. However, what this also means is that those who elect to pay monthly or quarterly are actually[...]

Apr6, 2022

Insurance Rates Explained

April 6, 2022|Home Insurance|

The insurance industry is in an unprecedented time lately with having to deal with the response to rising inflation.  Now more than ever, you should be watching what is happening to your insurance rates.  We will discuss in this article just why insurance rates seem to be increasing lately and what some of these driving factors are. We are all experiencing a decrease in how far our dollar goes lately.  We feel it at the gas pump, in the grocery store, when we buy a car, heat our homes, and when we book that much needed vacation.  It is painful to to see what we can buy this year compared to last year.  Even Dollar Tree announced that they will now be selling their $1 products for $1.25.  The news tells us that inflation is at the highest level (8.5% in March 2022) in 40 years.  I don't know about you, but I[...]

Mar25, 2022

Hiking & Camping Safety: Staying Safe in Nature this Spring

March 25, 2022|Laurie Insurance Group|

One of the most beautiful aspects of nature is that it is ever-changing. You and your family may visit a National Park in the summer, only to return in the winter and discover completely new surroundings. This can be exciting, but it also means nature presents its own unpredictable challenges.   When traveling and planning outdoor adventures, uncontrollable forces such as weather or wildlife can potentially damage your personal property and belongings. Recreational insurance provides both liability and property coverage, ensuring that you are protected on both fronts. While you hope to never encounter dangerous animals or damaging circumstances, you can still be prepared for anything. Here are ways you can practice responsible outdoorsmanship and leave nature exactly as you found it.   SECURE YOUR STUFF  One of the best ways to be sure you will not have any uninvited wildlife guests at your campsite is to secure all your possessions and food. Should you[...]

Mar11, 2022

Why Does Your Business Need Cyber Liability Insurance?

March 11, 2022|Laurie Insurance Group|

 In the past, most businesses retained their data either in a hard copy format, such as paper records and files or on a private computer server that was stored within their building. However, cloud-based software has exploded in recent years. It offers affordable and scalable methods for data management to companies of all sizes. The data can be accessed from virtually anywhere, allowing businesses to operate remotely or after hours as needed.   While there are numerous benefits to digital data transformation, it also leaves companies vulnerable to cyber attackers and potential data breaches. Cyber liability insurance can protect your business should the unfortunate occur. In most cases, it is not included as part of your general liability insurance, so you will need to speak with your agent to add this to your policy. Here are some ways you can stay protected and determine if cyber liability coverage is right for your business. [...]

Feb25, 2022

Buying, Building, or Renovating a Home? 5 Things to Know About Insuring Your Investment

February 25, 2022|Laurie Insurance Group|

The process of owning a new home can be exciting, especially for a first-time buyer. But it can also be challenging to navigate, especially when trying to figure out the right types of insurance you’ll need. Here are five things you’ll want to keep in mind as you choose how to insure your investment.  INSURE FOR THE APPROPRIATE VALUE A 2019 study found that three out of five American homes are underinsured by 20%. That means that if a $200,000 home is destroyed in a fire, an underinsured owner would still be left with $40,000 to pay when they rebuilt the home. A key reason for a home being underinsured is not accounting for the rising cost of construction. Owners can avoid this costly mistake by reviewing their insurance policy annually with their agent and obtaining an updated estimate of what it would cost to rebuild in the current year’s construction market.   CHECK[...]

Feb18, 2022

Understanding Employee Practices Liability

February 18, 2022|Laurie Insurance Group|

Employee Practices Liability, often referred to as EPLI, covers businesses against claims by workers that their legal rights as employees of the respective company have been violated. There has been a considerably large rise in lawsuits where employees file against their employers. Traditionally, most lawsuits are filed against larger corporations such as Walmart or Target, but no company is fully immune to the risk of a lawsuit via an employee. Smaller companies are now beginning to understand that they, too, are going to need the type of insurance protection that EPLI provides. Some insurance providers add this as an endorsement to a Business Owner’s Policy (BOP) they offer, but remember that an endorsement will change the terms and conditions of the policy. Other companies tend to offer EPLI as a stand-alone coverage policy.   WHAT EPLI COVERS  Sexual harassment  Discrimination  Wrongful termination  Breach of employment contract  Negligent evaluation  Failure to employ or promote  Wrongful[...]

Jan21, 2022

How to Prevent Cold Weather Injuries

January 21, 2022|Laurie Insurance Group|

Many people in the world still have jobs and positions that require them to complete work outside no matter the weather. Worker’s compensation benefits were indoctrinated to help protect those who work in labor-intensive positions. While we can lean on the workers’ compensation benefits to cover work-related injuries, it is in everyone’s best interest to try and avoid all potential harm that could occur. Winter is in full force and those workers who are out on the job should keep in mind the potential dangers that come with the territory. Working outdoors in cold, wet, icy, or snowy conditions can lead to cold-related illnesses and injuries such as hypothermia and frostbite. Below we’ve reviewed some of the best ways to help prevent any winter weather-related injuries from happening to you or your staff.   WHO IS AT RISK?  As mentioned previously, those who work in a cold environment may be at risk of cold-related[...]

Jan7, 2022

Applying for Disability: What You Need to Know

January 7, 2022|Laurie Insurance Group|

Applying for disability can be a scary situation to be put in. The government has two different programs that are set in place to help assist those who are now needing disability assistance. If you are newly disabled, you may be wondering if you qualify for financial assistance from the Social Security Administration (SSA). The two programs are known as Social Security Disability (SSDI) and Supplemental Security Income (SSI).   The Social Security Disability (SSDI) program is a program that is set up to pay benefits to the insured and their family members. This means that the person applying for disability has worked recently, long enough, and paid Social Security taxes on those earnings.    The Supplemental Security Income (SSI) program pays benefits to disabled adults and children who have limited income and resources. To learn more about how to apply for disability, view the required documentation and information about you and your medical condition.[...]

Dec31, 2021

3 Reasons You Need Contractors Insurance

December 31, 2021|Laurie Insurance Group|

With the introduction of DIY products and ambitious projects done on Pinterest, more and more people are trying their swing at becoming a contractor in their spare time. Working as a contractor seems to be more fun than working a regular 9 to 5 job. Being a contractor means you’re the boss. You could own your own business, have business partners, or just practice contracting as a fun hobby. Being the boss means that you are on top! When you are the boss, you will have better working conditions, you set the start time of the workday, and there is no HR officer who will take notes while glaring at you. Being a contractor, you’ll need some type of insurance for your business. Good thing there is a type of insurance just for contractors! But, why do you need insurance? Below are listed 3 great reasons why you should invest in getting contractors’ insurance.   Claims Protection When[...]

Dec17, 2021

Choosing Auto Insurance That’s Right for You

December 17, 2021|Laurie Insurance Group|

These days we’ve seen an influx of people choosing to travel rather than buy material things. It’s about the experiences over physical objects. Usually, choosing a car would result in hours of research, test-driving, and multiple visits to different car lots. You got the car and you’re all set to hit the road, right? Being behind the wheel means you have one final decision to make: what type of auto insurance is right for me? The usual trend is that many will see the cheapest option and go with it just to get it and go. This path is riddled with hazards that may end up costing you more in the end. Take the time to sit down and evaluate which type of auto insurance matches who you are and how you drive.   How Are You Riding?  Most of us are given a hand-me-down car when we first get on the road. It’s[...]

Dec15, 2021

Cannabis Insurance

December 15, 2021|Business Insurance|

As more and more states are legalizing marijuana and marijuana related products, cannabis and hemp insurance is a growing need for many businesses.  I will discuss the different policy types for these different business types in this industry.  The cannabis industry will still continue to grow as more US states begin to legalize it's use.  As of this writing, only 4 states still hold a status of being fully illegal.  They include South Carolina, Kansas, Wyoming, and Idaho.  Two states have decriminalized it's use including North Carolina and Nebraska, but have not legalized it in any other form.  Others have approved use for CBD, medicinal use, or have fully legalized it.  There will likely be a time in the near future when federal legalization occurs which will completely open up this industry.  In the meantime, some states will start slow with allowing CBD and medical marijuana before going on to fully legalize it's[...]

Nov26, 2021

Why Do I Need Renter’s Insurance?

November 26, 2021|Laurie Insurance Group|

If you are planning to move out on your own for the first time or maybe you are renting a room, chances are you’re going to need to invest in renter’s insurance. Only a staggering 41% of renters actually have renter’s insurance. Some building managers require tenants to get renters insurance, but many don’t. Just because no one is requiring you to buy it doesn’t mean you should write it off. What Does Renter’s Insurance Cover?  Renter’s insurance will generally offer two or more types of coverage: personal property protection, liability protection, increased living expenses and guest medical protection. Personal property will protect your belongings in case there is a covered loss, and liability protection can help protect you financially if someone is injured in your home and they file a lawsuit. In the case of increased living expenses, this policy helps cover the cost of staying someplace else after a covered loss renders your[...]

Nov12, 2021

Giving Back to Your Employees: Why a Great Benefits Package Matters

November 12, 2021|Laurie Insurance Group|

Ray Silverstein, president of small business advisory group President’s Resource Organization, has said that there are specific benefits that good employees expect out of a job. Entrepreneur published his perspective that while medical insurance is at the top of that list of expectations, business owners should also be intentional about offering employees retirement plans, disability insurance, and life insurance as well. The reality is, only some benefit packages are required by law. These include withholding FICA taxes for the sake of retirement and disability; complying with FMLA; aligning with worker’s compensation requirements; and giving your employees time off for jury duty, military duties, or voting. However, it’s important to see why a great benefits package–including less traditional benefits like flex time–is key to showing your employees they have value. Here’s why.   Employee attainment and retention. Randstand US Research has noted that 61 percent of employees would consider accepting a lower salary if the company making the[...]

Oct22, 2021

How Can You Be Safe On The Road?

October 22, 2021|Laurie Insurance Group|

Did you know that motorcyclists are much more vulnerable to crashes than other drivers? According to NHTSA, there were 5,172 motorcyclists killed in motor vehicle traffic crashes – a decrease of 3 percent from the 5,337 motorcyclists killed in 2016. Motorcycle safety is becoming a growing concern. Of the 5,172 motorcyclists killed in traffic crashes, 94 percent (4,885) were riders and 6 percent (287) were passengers, says NHTSA. Motorcyclists – How To Stay Safe NHTSA estimates that helmets saved the lives of 1,872 motorcyclists in 2017. If all motorcyclists had worn helmets, an additional 749 lives could have been saved. An important note is to never buy a used helmet. A used helmet could have issues that are not noticeable on the surface and this could lead to a higher risk while operating a motorcycle. Helmets should not be worn after they have been through a crash. Here are some additional tips to help keep you safe[...]

Oct8, 2021

Treehouses & Trampolines: What’s Insured in Your Outdoor Space

October 8, 2021|Laurie Insurance Group|

Backyard fun may come at a cost, but that doesn’t mean you should avoid splurge purchases like trampolines and treehouses altogether. Ultimately, it’s a family decision, partly based on feedback from your pediatrician on risk vs. benefit, and partly based on whether your spirit for adventure outweighs your concern for a potential accident. It’s also a decision that could impact you financially, should your children or a guest get hurt on your property.   Trampolines First, know that when you own a trampoline, it’s impossible for you to file a homeowner’s insurance claim for an injury if it’s an injury sustained by someone who lives in your household. This would become a medical insurance claim instead, and if medical insurance coverage is denied, you’ll be paying out of pocket. Anyone else who is injured on your property would be covered by your homeowner’s insurance–but only if your policy covers trampolines. It’s possible that[...]

Sep24, 2021

A Guide to Preventing Slips and Falls Around Your Business

September 24, 2021|Laurie Insurance Group|

Whether you actually hurt yourself or just suffer from a bruised ego, slipping and falling is always a nasty shock. At home, you can usually just dust yourself off and forget about it, but if you own a business, slips and falls suddenly become much more serious. Maintaining a safe business property for your employees and customers becomes paramount, both to give them a great experience, and to prevent any big insurance claims from knocking at your door.  Reduce your business’s potential for hazardous slips and falls by implementing these safety tips:    Secure Stairways and Ramps  Stay up to date with your city’s local building codes, and install the proper handrails along every stairway and ramp. Even tiny platforms comprised of 1 or 2 steps should have some kind of banister in place. This gives stability to your pedestrians and helps protect you if someone falls in those areas and decides to[...]

Sep9, 2021

6 Things to Know About Aging Out of Your Parents’ Health Insurance

September 9, 2021|Laurie Insurance Group|

The Affordable Care Act allows young adults to avoid high premiums and retain health insurance coverage as a dependent on their parents’ health insurance plans. What age you get the boot and need to insure yourself varies. The ACA states that you lose coverage from your parents’ plans at age 26. Some states, like New Jersey, allow for longer coverage if you’re unmarried and have no dependents yourself. Here’s what to know about growing up and growing into your own medical-meets-financial responsibilities: Start learning the difference between PPO, HMO, HDHP, and POS. Insurance jargon can be intimidating. Long before it’s time to find a plan of your own, become familiar with these terms so you will fully understand your options. Health maintenance organization (HMO) insurance, for example, will restrict what physicians and hospitals you can utilize but may come at a lower cost; you also won’t be looking at high deductibles. For an individual[...]

Aug27, 2021

What Does It Mean to Be Financially Literate?

August 27, 2021|Laurie Insurance Group|

A person who is financially “literate” knows how to budget, knows how to invest, and knows how to manage long-term finances. In general, you can consider yourself financially literate if… …YOU KNOW HOW TO TAKE CARE OF YOUR DEBT.  US News & World Report suggests that the wisest strategy for paying off what you owe is to start with your largest debt and pay more than you owe each month. If you receive a bonus at work, put it toward your debt. Stop using credit cards, and remove your auto-saved credit card data from the places you shop online. Dave Ramsey offers another approach. The national household debt in the United States, he says, totals $13.54 trillion. This includes car loans, student loans, and credit cards. Your personal debt, says Ramsey, should never be handled with debt consolidation, dipping into your 401k, home equity loans, or debt settlement. What will work is setting a monthly budget[...]

Aug13, 2021

Four Ways Motorcycle Safety Doesn’t Compromise Fun

August 13, 2021|Laurie Insurance Group|

Feeling the wind as you ride your motorcycle down a winding mountainside can certainly be exhilarating. Riding is an activity that combines mindfulness, adventure, and nature in a way that is uniquely distinct from simply driving a car. Unfortunately, according to the Insurance Institute for Highway Safety, a motorcyclist who crashes is 30 times more likely to experience a fatal outcome than a motorist who crashes. Here are four ways that bike safety practices create a pleasant experience and don’t compromise on fun.  A JOY AT ANY AGE  Motorcycling can be active and thrilling or leisurely and scenic. Regardless of your age, riding your bike can be a wonderful lifelong passion. However, safety measures must be put in place to ensure an injury, or worse, does not prevent you from enjoying your hobby for many years. This means wearing a helmet that meets the DOT, Snell, or ANSI standards of safety. While your[...]

Jul23, 2021

Why and How You Should Create a Home Inventory for Insurance Purposes

July 23, 2021|Laurie Insurance Group|

Most people have heard that they should keep inventory of the things they own in their home, but very few actually do. And those that do, rarely have one that is kept up-to-date. The good news is that putting together an inventory isn’t hard. It’s just very time consuming to make a list of everything you own and document what it is worth. However, if anything were to ever happen to your home, you’ll be glad you spent a few hours documenting so you get reimbursed for everything at its worth.   WHY YOU NEED TO TAKE A HOME INVENTORY   Take a few minutes to try to make a list of your belongings without looking around your house. Would you be willing to bet that you can remember everything in the event of a disaster or burglary? Odds are, you’re going to forget a few things and not get reimbursed for them. If anything were to happen[...]

Jul9, 2021

Rebuilding Your Business After a Natural Disaster

July 9, 2021|Laurie Insurance Group|

The Federal Emergency Management Agency (FEMA) reports that 40 to 60 percent of small businesses never recover and re-open their doors after a disaster. It is in the best interest of your business to maintain both adequate insurance coverage and a disaster recovery plan so you’re prepared to bounce back when Mother Nature comes calling.   In 2019, there were 14 major weather climate disasters that totaled community losses exceeding $1 billion in the United States. This included flooding, tornado outbreaks, hail storms, droughts, wildfires, and tropical storms. If you find yourself in need of rebuilding after a similar event, it’s important to:   STAY ON A SHORT TIMELINE.  If you’re a small business, you’ve got to communicate your closure to customers, employees, and stakeholders, then find a way to re-open within five days if you want to preserve the chance you will still be in business in a year. Penning a plan for a course of[...]

Jun25, 2021

How to Inform Your Kids About Fire Safety

June 25, 2021|Laurie Insurance Group|

Letting your little ones know the importance of being safe when a fire breaks out is imperative but can also be daunting. Such a serious subject can either be too much for them to handle, or it might go right over their heads. So how do you discuss the subject with them the right way? While there is no one solution, here are some tips to make the situation a little easier.  WHEN IS THE RIGHT TIME?  The first question you are probably asking yourself is when exactly should you inform your kids about the dangers of fire. Our suggestion is to have this discussion when they are old enough to understand that there are right and wrong ways to react in certain situations. Typically, this is when they enter the curious phase where they begin to ask questions in order to understand the world around them. As they grow older and more mature, you can still teach them about the[...]

Jun11, 2021

The ABCs of Airbnb: Prepping Your Home as a Short-Term Rental Space

June 11, 2021|Laurie Insurance Group|

Research suggests revenue from short-term vacation rentals will surpass the hotel industry in 2020. In fact, Airbnb reports that on any given night, there are 2 million people staying at one of its properties. If you’re looking to make extra income listing your space with a hosting platform, keep in mind the following tips for preparing well: A: ADJUST YOUR SECURITY MEASURES  If you’re not up for transporting items off property every time you have a renter, select a small bedroom to use for storage. When you’re stepping out so guests can step in, utilize this room–with door hardware that includes a lock and key–to keep pricey and personal items out of sight and out of mind. This may be where you relocate your computer, your laundry, photographs of family (should they want to remain anonymous), and important personal and business paperwork while renters are in your home. Also, consider investing in a Wi-Fi enabled doorbell[...]

May28, 2021

How to Save Money on Business Insurance

May 28, 2021|Laurie Insurance Group|

The last thing you want to focus on when starting or running your business is what could go wrong. While you aren’t necessarily going to face struggles right away, if you aren’t covered with a good insurance policy, you’ll likely experience some issues down the road. Since running a business is risky, you should plan on being prepared to handle anything that comes up with the proper business insurance policy. But how do you avoid spending too much? Here are some tips that could save you some money on your insurance plan.  KNOW WHAT YOU NEED   Not every business needs the same amount of coverage. It all depends on what your business does and the risks involved. At the minimum, most businesses are required by law to have policies for workers’ compensation, unemployment, and disability insurance. But that’s just the minimum. When looking at how much coverage you need, you can start by looking at general liability insurance[...]

May14, 2021

Remodeling Your Home? Don’t Forget to Adjust Your Insurance, Too

May 14, 2021|Laurie Insurance Group|

Homeowner’s insurance is directly linked to the value of your home, and the only way to be confident you have the coverage you need is to be transparent about improvements you’ve made to your property over time. Here’s what to consider before, during, and after a home renovation so you’re covered for during construction and the improvements are protected when you’re done.  Be clear about which renovations will raise or lower your insurance rates.  Financial preparation includes not just acknowledging the cost of materials and labor but also acknowledging the fluctuation of your insurance policies to come. An addition, for example, will add square footage and value, which means your home will be more expensive to rebuild, so your premiums will rise. If you’re renovating your garage into a den and kicking your car to the curb, keep in mind the cost of your car insurance may jump a bit since it’s simply[...]

Apr23, 2021

Understanding the Difference Between Federal and Private Student Loans

April 23, 2021|Laurie Insurance Group|

Debt happens. When it comes to pursuing a post-secondary education, loans can be an important means to an end. But before you choose between federal and private loans (or choose a combination of the two), you need to understand the difference and the long-term effect each can have on you and your family’s future. This includes knowing whether it means leaving loved ones in debt should you face a personal tragedy.  Federal student loans are funded by the federal government. On a federal student loan, the terms and conditions for repayment are based on the law. As a student, you don’t have to start paying on the loan until you graduate, unenroll, or drop your hours to less than half-time. You may also qualify for a subsidized loan if you need the government to take care of the interest on your loan while you are still in school, provided you enrolled in enough credit[...]

Mar26, 2021

WHY WORK WITH AN INDEPENDENT INSURANCE AGENT FOR COMMERCIAL AUTO COVERAGE?

March 26, 2021|Laurie Insurance Group|

In this Internet age, it’s incredibly easy to purchase insurance online – directly from the carrier and without ever having to leave your screen. When you’re in charge of insuring a fleet of commercial vehicles, this option is surely tempting. You don’t have much time, and purchasing insurance direct online will save you both time and money, right? It’s probably not as simple as that. Sure, the DIY approach might save you some time upfront, but how much do you really understand about the process? You’re an expert in your business, so you should be working with an expert in the insurance field to get the coverage that best fits your needs.   YOU GET MORE OPTIONS  When it comes to your carrier and coverage options, there is a clear benefit to working with an independent agent. Whether you’re running a trucking company or a business with commercial vehicles, you’re already busy around the clock. You[...]

Mar12, 2021

What You Need to Know About Funeral Planning

March 12, 2021|Laurie Insurance Group|

It’s the topic no one needs to think about, but everyone needs to think about it. For as the saying goes, the only things in life that are certain are death and taxes. When the time comes for you or a loved one, nothing helps people say goodbye like a meaningful funeral. However, they do take planning. Here is what you need to know to be prepared.   YES, YOU DO NEED TO MAKE A PLAN   A 2017 study by the National Funeral Directors Association (NFDA) found that only 21% of Americans discuss funeral plans with a loved one. Unless you want your loved ones to have to make a number of big decisions with big price tags in a matter of several days, you need to have a funeral plan set in place.   WORK WITH LOVED ONES TO PLAN  From casket choice to music choice, there are a lot of decisions to be made in[...]

Feb26, 2021

How Does My Dog’s Breed Affect My Homeowner’s Insurance?

February 26, 2021|Laurie Insurance Group|

It has long been said that dogs are humankind’s best friend. If you have a canine companion you love, chances are they are an integral part of your family life. They snuggle with you (or on the dog bed) at movie nights, attend your barbeques and parties, and run to greet the delivery worker. But for some dog owners, living with their furry friend can cause home insurance rates to rise. It all depends on what breed of dog you own. That is why the assistance of an independent insurance agent is invaluable. They can shop the market to find you the lowest rates that will cover the “risks” that the insurance companies believe your dog’s breed pose. HERE ARE THE MOST COMMON BREEDS: Akitas Alaskan Malamutes Bull Mastiffs Chow Chows Doberman Pinschers German Shepherds Great Danes Pit Bulls and Staffordshire Terriers Presa Canarios Rottweilers Siberian Husky Wolf Hybrids FIRST THING’S FIRST Do not conceal[...]

Feb12, 2021

Is Your Small Business Prepared to Handle a Lawsuit?

February 12, 2021|Laurie Insurance Group|

The thought of facing a lawsuit at your business is a scary thing. Large businesses likely have a legal department that is practiced at handling these situations, and they may even have a budget set aside specifically for legal matters. For small businesses, it is not so easy. Small business owners may think that the threat of legal action will never happen to them. The unfortunate truth is that this is simply not true. In fact, according to one poll, 43% of small business owners have been involved with or faced the threat of a lawsuit. The damages resulting from legal costs may be enough to put you out of business. Even if they don’t, the financial hardship will put immense stress on you and your employees. To add to that, the lawsuit may be something that harms your reputation in the eyes of the public or even the media. In order to[...]

Jan22, 2021

3 Ways to Make Your Home Kid-Friendly and Safe

January 22, 2021|Laurie Insurance Group|

Moving into a new home can be an exciting, yet stressful, process. In the mix of things, you shouldn’t have to worry about the safety of your children. Use these tips to make sure that every area of your home is childproof and safe for your kids to play in.  START WITH RULES  In order to ensure that your children understand what is safe and what is not, you need to set some ground rules. Identify certain rooms that your children are allowed to play in and those they are not able to be in. For instance, many families store power tools and other hazardous materials in their basement. Therefore, their children are not allowed in this room in order to guarantee that the kids are safe and sound.  Tell your children which rooms are off limits and which are completely okay. If you catch them disobeying your rules, explain to them why certain rooms[...]

Jan8, 2021

Busting Common Life Insurance Myths

January 8, 2021|Laurie Insurance Group|

According to the 2019 Insurance Barometer Study by Life Happens and LIMRA, 43% of American households do not have any life insurance. Furthermore, 40% of those households reported that they would immediately struggle to pay living expenses if their primary wage owner were to die without the security of life insurance. If so many Americans understand how important life insurance is, why do they remain uninsured?  MYTH: LIFE INSURANCE IS TOO EXPENSIVE.   This is a big one. Many American families do not feel comfortable enough with their financial situation to purchase a life insurance policy. They believe they cannot afford it, and that they probably won’t need it anyway. The truth is, none of us know what the future holds. Even healthy adults can pass from sudden illness or accident. It’s a hard truth, but there it is. And if this happens and a family is left without their primary wage owner, then they really[...]

Dec25, 2020

5 Tips for Driving at Night

December 25, 2020|Laurie Insurance Group|

Depending on your job, you may need to do a lot of driving at night. Or perhaps you like to leave in the wee hours to go on family vacation, so you can arrive at a decent time the next day. Some drivers do prefer night driving because the roads are more open. Even so, night driving comes with a lot of setbacks and risks you need to be aware of. With the vision impairments and accidents associated with night driving, drivers should take the following night driving tips into consideration.   AVOID OVERDRIVING YOUR VEHICLE’S HEADLIGHTS  The term “overdriving” refers to when you’re driving so fast that your stopping time is farther than you can see with your headlights. This is dangerous, especially if there are large vehicles like semi-trucks on the road. Make sure that your vehicle’s headlights are clean and have functioning bulbs so their beam of light shines as far[...]

Dec12, 2020

When to Update Your Life Insurance Beneficiaries

December 12, 2020|Laurie Insurance Group|

Life insurance: you may not want to think about it too hard, but you need to. It can be difficult to consider the possibility of your own passing, but when you realize what the financial consequences of your death might be for your loved ones, you’ll realize just how important life insurance is. If you have a policy, that’s the first step. However you cannot simply let that policy sit untouched for all the years of your life. There are certain changes you may go through that would necessitate updating your life insurance beneficiaries. But what are those changes? We’ll dive into it a little deeper.   YOU GET MARRIED  When you consider the many changes your life will go through after tying the knot, updating your life insurance beneficiary might not be the first thing that comes to mind. But when two become one, often combining their finances, ensuring your spouse will be taken care of in[...]

Nov27, 2020

4 Practical Insurance Tips for Millennials

November 27, 2020|Laurie Insurance Group|

Millennials (young people born between 1981 and 1996) are now reaching a place in their lives where they have to start making important financial decisions, such as when to buy a house or have children. With the average amount of millennial debt rising, it is becoming more difficult for young people to build up savings. That is why it is incredibly important that millennials make the investment in insurance. If the unexpected occurs, many uninsured or underinsured millennials will be without any safety net to help them recover.  Part of the problem with people of this age being uninsured or underinsured is simply a lack of information. So, for any millennials reading, here are 4 practical insurance tips for you.   WORK WITH AN INDEPENDENT AGENT – NOT GOOGLE  What do you do when you need to do something difficult for the first time? You go to an expert! For many people, this expert[...]

Nov13, 2020

What Are the Real Consequences of Skipping Breakfast?

November 13, 2020|Laurie Insurance Group|

Mornings are difficult, aren’t they? You’re rushing to get showered and dressed – and if you have kids, to get them up, showered, and dressed – and you have to make it to work on time! With everything going on, stopping and making breakfast is not on your to-do list. You’ve probably heard it a thousand times: “Breakfast is the most important meal of the day.” But do you really know what skipping breakfast does to your body? Here are the reasons why you need to kick the habit of kicking breakfast to the curb.   YOUR BRAIN SLOWS DOWN  It’s not just the Monday morning blues. It seems like every time you get to work and start your day, you simply can’t focus. When you skip breakfast, your blood sugar drops, and the glucose that your brain needs to function at top capacity is nowhere to be found. There are plenty of studies that have proven that[...]

Nov12, 2020

NC Home Insurance Rate Increase

November 12, 2020|Home Insurance|

The NC Insurance Commissioner, Mike Causey, announced on November 10, 2020 that the NC Rate Bureau (NCRB) has requested an increase on NC home insurance rates.  The requested increase is 24.5% statewide.  The proposed rate hike would go into effect on August 2021.  If accepted by the NC Department of Insurance (NCDOI) all NC home insurance writers would be obligated to comply and increase their rates. Before you get too concerned, it is worth noting that the actual rate increase will probably be settled much lower.  The final rate increase cannot be implemented without the approval of the NC DOI.  Typically in these rate hike requests the NCDOI will negotiate the rates lower than suggested.  The last time this has taken place was in 2018 when the NCRB requested a rate increase of 17.4% and it was negotiated down to 4%.   It is tough to say how much lower the 24.5% will be[...]

Nov9, 2020

How to Create a Culture of Safety in Your Business

November 9, 2020|Laurie Insurance Group|

When you think of “workplace culture,” you probably picture casual Fridays or volunteering as a group. Having a positive workplace culture is certainly something that benefits businesses and helps with employee retention. But what some people forget about is that a “culture of safety” is an equally important type of workplace culture. WHAT IS A CULTURE OF SAFETY? Essentially what this phrase means is the attitude of all members of a company – from the bottom to the top – towards safety in the workplace. Cultures of safety can be positive or negative. In a negative culture of safety, workers, managers, and anyone in between do not respect the recommended safety measures. As a result, more accidents happen in a workplace with a negative safety culture. In a positive safety culture, everyone respects and obeys the safety rules and regulations without complaint, and less accidents and workers compensation claims happen. So how do[...]

Oct16, 2020

How to Spot a Distracted Driver

October 16, 2020|Laurie Insurance Group|

If you know the dangers of distracted driving, you avoid it. However as many of us know, you can’t control the actions of other people on the road. Here are a few useful tips for spotting – and avoiding – distracted drivers around you. If You See a Driver Holding a Device, Get Away Although in many states it is illegal to use handheld devices while driving, people will still do it anyway and make no effort to hide it. These people may have a phone held in front of their face, or they could be looking down. In either case it isn’t difficult to spot this distracted driver. If you see someone engaging in this kind of behavior in a car near you, the best thing to do is safely figure out how to get away. This could mean slowing down, changing lanes, or any other maneuver you feel you can safely[...]

Oct7, 2020

What Happens if Your Business Loses its Leader?

October 7, 2020|Laurie Insurance Group|

If you go unprotected, the death of your company’s leader could well mean the death of your company itself. There is a type of insurance that can help protect against the consequences of a tragedy like this. It is called key person insurance. Key Person Insurance Key person insurance is a type of life insurance that is designed not to protect your family, but to protect your business operation in the event of its leader’s – or a top employee’s – death. The company is the beneficiary on the policy, and the benefits can provide funds to help hire an individual or individuals to perform the duties that the key employee once did. It can also help in the event that your business does need to cease operations. Crucial Operations Stop Especially in small businesses, much of the work that keeps the company running is performed by the owner or another leader. This[...]

Sep25, 2020

The Most Important Thing to Do When Closing on a Home

September 25, 2020|Laurie Insurance Group|

When you’re a first time home buyer, you might be expecting the process to be more glamorous and exciting than it is in reality. Now, buying your first home is certainly an exciting event, but glamorous? Last time we checked, there wasn’t much glamor about paperwork… If you’re like most people, you will work with a mortgage lender to purchase your new home. Therefore the process of closing on your home will involve an almost overwhelming amount of paperwork and finances, but this is a good thing. It ensures that your investment is made with all the right t’s crossed and i’s dotted. However there is one important thing you must do before you can close on your home, and that’s purchasing homeowners insurance. WHY HOMEOWNERS INSURANCE? Would it surprise you to learn that purchasing homeowners insurance coverage is a requirement for closing on a home, if you finance through a lender? That’s[...]

Aug28, 2020

Don’t Get a DUI: Tips to Have a Safe Holiday Weekend

August 28, 2020|Laurie Insurance Group|

A DUI charge can have serious consequences. For one, driving under the influence makes you a danger to yourself, your passengers, and others on the road. Each state has different laws and penalties, but in most cases your license will be suspended, you’ll have to pay large fees and fines, and you may even spend time in jail. Your car insurance premiums may also go up by a huge percentage, depending on your state. Police are more vigilant in looking for intoxicated drivers around holidays, so in light of the upcoming Labor Day weekend, here are some tips on how to have a safe holiday weekend. MOST IMPORTANTLY: DON’T DRINK AND DRIVE This is the simplest way to avoid a DUI. There is always a risk when you drink alcohol and drive, even if you are smart about it. You can keep yourself and others safe by avoiding the practice completely. One way[...]

Aug14, 2020

What Kind of Insurance Does a College Student Need?

August 14, 2020|Laurie Insurance Group|

With colleges starting back up, maybe you have a child returning to school or leaving for the first time. You’ve got the twin XL sheets, the posters and the textbooks. Did you know that you also might need insurance for your college student? AUTO INSURANCE If you already have auto insurance for your child’s car (and you should!), don’t cancel it if they are not taking their vehicle to college with them. There is a chance your auto insurance premiums could actually drop significantly if your child moves more than 100 miles from home. Most importantly, your child will still be covered when they return home and drive their vehicle. If they do take their vehicle off to college, thankfully they should still be covered under your policy. However your premiums may change depending on where your child is living during college – especially if they go out of state. RENTERS INSURANCE  The[...]

Jun26, 2020

This Is How Your Insurance Can Cover You During a Vacation

June 26, 2020|Laurie Insurance Group|

School’s out, the sun’s out, and pretty soon you might be out of town! As you’re packing for your summer vacation, insurance is probably the last thing on your mind. You’re probably thinking about what clothes to bring, whether you need both your phone and tablet, or trying to dig out the snowboard you haven’t used in months. However as with every big moment in life, there are always insurance considerations to keep in mind. PROPERTY DAMAGE  This can come in two forms – damage or loss of your own property or damage to others property. In the first instance, the same homeowners or renters insurance that covers your personal property against theft, vandalism, or some acts of nature when you’re at home also covers your possessions you take with you on vacation. This is especially important for more expensive items such as electronics, jewelry, or even sporting equipment you take on vacation. On the[...]

Jun12, 2020

3 Things You May Not Know About Rental Car Coverage

June 12, 2020|Laurie Insurance Group|

Experiencing a car accident is stressful enough on its own. Add to that the possibility of medical bills, car repair bills, and the cost of renting a vehicle while yours is in the shop, and you’ll definitely feel overwhelmed. However, with rental car assistance or reimbursement, you may not have to worry too much about the latter. Here are 5 things you need to know about getting a rental car after an accident.  IT’S NOT A GUARANTEE Your ability to get a rental vehicle while yours undergoes repairs depends on a few different factors. First, do you even have this add-on in your policy? The add on that allows you to get coverage for a rental vehicle after an accident is called rental reimbursement coverage, and as an optional coverage, it is not automatically included in your auto insurance. However just because it’s optional does not mean you should go without it.  Second,[...]

May29, 2020

How Technology Can Protect Your Home

May 29, 2020|Laurie Insurance Group|

According to a study by the Insurance Information Institute, around one in 250 insured homes files a theft claim each year. Although this is not the most common claim, it is significant enough that insured homeowners should be looking into their options for getting the best home security. Technology is constantly changing and improving, and there are now some rather impressive and very effective systems available to protect your home and help you avoid property damage theft claims. SMART DOORBELLS This is not your average doorbell. A smart system features a camera that can show you who is outside your door – even if you are not home. Many smart doorbells also allow the homeowner to speak to doorbell-users via intercom. Since thieves will often ring doorbells to check if a home is occupied, being able to see and speak to any visitor, threatening or not, is an attractive security advantage. If you[...]

May15, 2020

Ride Safe: May is Motorcycle Safety Awareness Month

May 15, 2020|Laurie Insurance Group|

It can be a glorious feeling to ride with the wind in your face and the sun on your back, but the fun can turn deadly in an instant if riders do not take the proper precautions. Motorcycle riders are overrepresented in traffic accident fatalities. Take the right precautions every time you ride your bike in order to protect yourself, your passengers, and your fellow drivers. Since May is National Motorcycle Safety Awareness Month, we put together some guidelines to help riders stay safe every time you start up your engines. CHECK YOUR BIKE BEFORE EVERY RIDE Before you get on the road, it is important to check that every aspect of your bike is safe and operational. This is especially vital for those who only use their motorcycle occasionally, but full time riders would do well to follow a strict safety routine as well. Always be sure to check for gas or[...]

Apr24, 2020

When Do You Need Commercial Auto Insurance? The Answer Might Surprise You

April 24, 2020|Laurie Insurance Group|

For some, it’s an easy question. You need commercial auto coverage when your business owns company vehicles – whether it’s one or an entire fleet. However this is not the only instance in which a commercial auto policy is recommended. If you often use your personal vehicle for work purposes, besides commuting, you just might need a commercial auto policy, too. YOU DO NOT ALWAYS NEED A COMMERCIAL AUTO POLICY As we previously stated, simply driving your own car back and forth to work is not a situation where you need to consider commercial auto insurance. Neither is giving rides to coworkers or taking your car out on a coffee run for the office. WHAT KIND OF USE MIGHT NECESSITATE COMMERCIAL AUTO COVERAGE? However, if you use your personal vehicle to transport tools or equipment to a job site, you should be considering a commercial policy. This is especially true if the tools[...]

Apr10, 2020

Using Your Tax Refund to Buy Life Insurance

April 10, 2020|Laurie Insurance Group|

If you are in the position to receive a tax refund, the first thing you think of when you consider using it is probably not life insurance. However, it’s important to keep an open mind! Instead of using your tax refund on things you don’t truly need such as more material possessions or a beach trip, consider using your refund check to invest in the future financial security of your family. Here’s why it’s an idea you should seriously think about. A SMALL INVESTMENT NOW PROVIDES LONG TERM SECURITY Life insurance rates may surprise you. For a more affordable amount than you expect, you can provide long term security to your family. This is especially important if you have young children. If you or your spouse were to die unexpectedly, the death benefits would be able to cover not only your final expenses, but they can also go towards childcare or education for[...]

Mar16, 2020

Dump Truck Insurance in Charlotte, NC

March 16, 2020|Business Insurance|

Dump truck insurance is a common request here in Charlotte, NC.  Charlotte is one of the fastest growing cities in the nation and with that comes construction.  A lot of construction.  We know a lot about insuring dump trucks.  You will need to not only focus on NC state limits but Federal requirements as well.  Aside from those requirements, you will also see contract requirements for the company you are hired to drive for.  Finally, you should be concerned with not only requirements, but having proper coverage to protect yourself. It is important to make sure that the registered owner of the vehicle is also the policyholder. Just as in personal auto insurance policies, the correct owner should be listed as the named insured. If your vehicle is registered in your business name, then you should also insure it in the business name instead of your personal name. Next, you should determine what[...]

Jul26, 2019

Special Event Insurance

July 26, 2019|Business Insurance|

If you are hosting a special event, you will likely be considering a general liability policy. This is a policy put in place to protect yourself and any liability against yourself or your organization if you are sued during the event. Even if you don't desire the insurance to protect yourself, you are likely going to be obligated to have it if you are holding your event on city, county, or even privately owned property. Many entities require you to have special event insurance policies to protect them from any lawsuits that may arise. The most common limits that are required are $1,000,000 per occurrence and $2,000,000 aggregate. Aggregate means the maximum limit the policy will pay out for that term. Lesser limits are available if that is all that is required. These policies generally have shorter terms which would cover only that event for it's duration. There are longer terms available, up[...]

Jun18, 2019

Professional Liability Insurance

June 18, 2019|Business Insurance|

[button link="https://app.coverwallet.com/?agent_uuid=60c38a55-2bb1-f2cf-8793-6becf9c54945" type="big" newwindow="yes"] Click to Quote and Bind Today![/button] What is professional liability insurance and why do you need it? One question people ask me a lot is: what is professional liability and what does it cover? Professional liability is like a general liability policy for industries that provide service and/or advice.  It is also commonly referred to as errors and omissions insurance. This is not to say that a general liability policy should not be chosen in addition to a professional liability policy for these service industries. In some cases, especially when there is an office where customers visit, a general liability policy should also be considered. Professional liability policies not only pay out for any awarded damages to another party but they can pay your cost of defense in these situations as well. So even if a suit is unwarranted, the cost to defend yourself can cripple your business if[...]

Apr24, 2019

Umbrella Insurance

April 24, 2019|Home Insurance|

Most umbrella policies are quite affordable.  In fact, they are probably one of least expensive personal lines policies available.  Typically for a household with 2 drivers and 2 vehicles, the premium for an umbrella policy will run around $200 per year or less.

Feb25, 2019

Restaurant Insurance

February 25, 2019|Business Insurance|

Each restaurant is different and has varying degrees of risk.  We will discuss some of the common claims types and coverage options to protect you if you have a claim.

Dec21, 2018

Contract Bonds

December 21, 2018|Home Insurance|

A contract bond is a type of surety bond that helps guarantee that the terms of a contract are met.  If a contractor does not adhere to the terms of the contract than the injured party can collect any financial losses incurred from the bonding company.

Aug21, 2018

Workers Compensation Audits

August 21, 2018|Business Insurance|

A workers compensation audit is an inevitable part of all workers compensation policies.  While many other commercial insurance policies may require them as well, it is not always done in every case. These policy types can include commercial general liability, commercial property, commercial auto, professional liability, etc. With a workers compensation policy, you can count on an audit being done for each policy term. A lot of our clients may feel overwhelmed by these audits at first.  However, after completing their first audit, they become less daunting in the future. The purpose of these audits is to accurately assess the correct premium based on the actual payroll versus the payroll that was estimated at the beginning of the policy term. Quite simply, if you overestimate your payroll, then you will receive a refund.  If you underestimate your payroll, then you will receive an additional premium bill.  Coming up with an estimated payroll, in almost[...]

Mar16, 2018

Charlotte Motorcycle Insurance

March 16, 2018|Motorcycle Insurance|

We would like to discuss some important Charlotte motorcycle insurance topics to consider before you purchase the best motorcycle insurance policy available at the best possible rates. When it comes to protecting yourself and your property, there are few policies more crucial to get right than motorcycle insurance.  There are several similarities to auto insurance but a few crucial differences.  You want to cover your bike, but more importantly, you need to consider your bodily injury if you are in an accident. LIABILITY INSURANCE We highly recommend choosing a higher bodily injury limit with matching un/uninsured motorist coverage.  If you are in an accident in an auto, you certainly have a risk of sustaining serious injury or death.  On a bike, your risk is significantly higher.   We recommend choosing at least a limit of $100,000 bodily injury each person and $300,000 each accident.  If you hit another rider on a bike, you want[...]

Jan31, 2018

ELD Mandate for NC Truckers

January 31, 2018|Business Insurance|

We have had a lot of questions from our commercial auto drivers regarding the recent ELD mandate for NC truckers so we figured we would do a short article offering an explanation as to what that is and how it may effect you. A new mandate has been put in place by the US Department of Transportation (DOT) that requires an electronic logging device (ELD) for most motor carriers and drivers that are required to maintain records of duty status (RODS). The deadline for this mandate is December 18, 2017. If you have a grandfathered automatic on board recording devices (AOBRD), then the deadline will extend to 12/16/2019 for these drivers. After this deadline, then all motor carriers and drivers will need to adhere to the ELD rule if they are registered with the Federal Motor Carrier Safety Administration (FMCSA). A link to the ELD rule is shown here: https://www.gpo.gov/fdsys/pkg/FR-2015-12-16/pdf/2015-31336.pdf This link from[...]

Dec18, 2017

Cargo Insurance

December 18, 2017|Business Insurance|

There are several factors that you should focus on when choosing the correct insurance coverage and commercial trucking insurance company.

Dec7, 2017

Retirement Plans: What You Are Truly Saving For

December 7, 2017|Laurie Insurance Group|

At first, it may seem like all that money you put into retirement savings over the years is pointless. However, in actuality, you will be thanking yourself for setting aside so much money once the time comes. Take a look at what you can look forward to after saving for retirement for so long. SAVINGS FOR: TRAVEL & VACATION Now that you have so many hours in the day to fill up, why not spend it going to places you’ve always wanted to see? Instead of daydreaming about paradise, you can actually go visit it with all the money you have saved up in your retirement plans! Retirement is the perfect time to see the world and all it has to offer. You may be surprised what you find out there. And with the right amount in your 401(k) or IRA plans, you can even make a vacation out of your adventure. You[...]

Nov22, 2017

How to Lower Your Premiums on Home Insurance

November 22, 2017|Laurie Insurance Group|

As long as you own a home, homeowners insurance doesn’t go away. What’s worse is that insurance premiums have the tendency to increase over the years. Whether you are shopping for homeowners insurance for your first home or looking to decrease your premiums for your current home, here are a few tips to help you make your insurance more affordable. IMPROVE YOUR HOME SECURITY By decreasing vulnerabilities in your home, you can potentially cut your insurance premiums by as much as 15-25 percent. Methods of improving your home security can include adding a smoke detector, burglar alarm, dead-bolt locks, sprinkler system, and professionally installed storm shutters and doors. With these added safety measures in place, your house is less likely to receive damage from unforeseen instances such as storms, floods, fire, or burglary. If you do make these safety upgrades to your home, keep a record of your receipts in case your provider[...]

Nov22, 2017

How Will Adding a Teenage Driver Impact My Car Insurance?

November 22, 2017|Laurie Insurance Group|

So, your teen is ready to get their license. It’s an exciting time for them! And maybe for you too, although you may have a number of concerns when it comes to adding a less experienced driver to your insurance plan. There’s the matter of their safety, whether or not they will break certain rules and restrictions on the road, as well as how they will affect your car insurance rates. Keeping a teenage driver covered under an insurance plan can be extremely expensive, but going without insurance is not an option. While adding a teen driver may be pricey and stressful, there are many ways to lessen the cost. Below are just a few ways you can keep costs down while sending your new driver out on the road. Mentor by Practicing Good Driving Habits Yourself If you’re not practicing good driving habits yourself, how can you be your teen’s best mentor?[...]

Sep22, 2017

Short Term Rental Insurance

September 22, 2017|Business Insurance, Home Insurance|

Most home insurance policies will exclude coverage for business pursuits on your home. This makes your standard home insurance policy inadequate for covering such losses on short term rental properties. Further, if you have a commercial policy in force, but you also use your home as secondary residence for yourself, a commercial policy won't be sufficient coverage either. This is why you need a specialized policy that acts as sort of a personal and commercial policy hybrid.

Jun29, 2017

NC Contractor Auto Insurance

June 29, 2017|Business Insurance|

We will discuss some common types of contractors in NC that may need commercial auto insurance policies. We will also help dispel some common myths regarding commercial auto insurance for these contractors.

Apr6, 2017

Owner Operator Insurance

April 6, 2017|Business Insurance|

    Owner operators are individuals who own their own trucking business. They may operate under their own authority under their own MC number or they may lease on to another motor carrier.  We will discuss owner operator insurance coverage types. If you want your own authority, you will need to apply for this through the Federal Motor Carrier Safety Administration (FMCSA). You will need to prove that you have the minimum liability limits as required by FMCSA and pay a $300 filing fee. You can go to their website to see the steps to apply for your own authority. If you do haul under your own authority, then you will need to have these required limits of auto liability, including(in some cases) cargo liability, and an active MC number. The proof of insurance, as sent to the FMCSA by your insurance company, are referred to as filings. These filings are delivered to[...]

Mar6, 2017

Bar and Night Club Insurance

March 6, 2017|Business Insurance|

Bar and night club insurance policies have various coverage types that are exclusive from those of many other kinds of businesses. We will talk about many of those different coverage options that will protect your business from various types of insurance claims. Many companies shy away from offering coverage for certain types of risks like night clubs, restaurants, wine bars, topless clubs, cigar bars, lounges, hookahs, sports bars, dance halls, comedy clubs, and pool bars just to name a few. You will want to make sure that you do your research and find a company that will not only give you a reasonable premium, but will also offer the coverage you need. You never know when you will have a claim and you don't want to be at risk for having certain exclusions on your policy when it is too late. You should at least understand the many different coverages that are available.[...]

Feb1, 2017

Commercial Auto Coverage

February 1, 2017|Business Insurance|

Commercial auto insurance has several coverage options that you should familiarize yourself with and determine if they are right for your business. We will discuss several of these below. Hired Auto Gives Liability coverage for a non-owned or unlisted vehicle that is leased, rented, hired, or borrowed by the insured for incidental operation of the business. Owned Auto Coverage Provides Liability coverage for vehicles owned by the named insured and any owned vehicles acquired during the policy period. Non Owned Auto Extends Liability coverage to any non-owned vehicle that is used by an employee in the operations of the business. Any Auto Coverage Extends Liability coverage to any vehicles acquired or bought during the policy term until the end of the policy term. Pollution Liability Covers bodily injury or property damage coverage due to the discharge of pollutants that are being transported or towed. Trucker's General Liability This coverage gives bodily injury or[...]

Dec8, 2016

Uber Insurance

December 8, 2016|Home Insurance|

The wait is over. Uber insurance is available in Charlotte, NC! Uber and Lyft drivers in Charlotte and other surrounding cities in NC have waited patiently for a solution to the coverage gap for ride sharing insurance, also referred to as transportation network insurance. We can now offer a personal insurance policy with an endorsement that can be added to it that will cover drivers who sometimes use their own personal vehicles to drive for Uber or Lyft. Insurance carriers on all personal lines auto insurance policies exclude coverage while driving for a transportation network. If you were driving for one of these companies up to this point, you were likely driving around without insurance for part of your trip. Uber has taken the stance where they would cover a claim only while you had a passenger that you were transporting or when the Uber app matched you with your passenger you were[...]

Oct17, 2016

Workers Comp Ghost Policies

October 17, 2016|Business Insurance|

If you are a contractor that does not have any employees and you have a contract that requires you to have a workers compensation policy, then you have likely heard of a ghost policy. What does this term mean though? A workers comp ghost policy is an industry term that typically refers to a workers compensation policy that is issued in the residual market through the North Carolina Rate Bureau. The term ghost policy is used as a reference to a workers compensation policy that has no employees. With an increasing number of contractors requiring their independent subcontractors to have a worker compensation policy, there needed to be a policy that these subs could get even if they didn't have employees themselves. These policies were created to give these independent subs a way to get the needed certificate of insurance. Why do contractors need you to have a workers compensation policy if you[...]

May24, 2016

Commercial Auto Insurance Coverage Requirements

May 24, 2016|Business Insurance|

If you are looking for a commercial auto quote, one of the first items that will need to be determined is your commercial auto insurance coverage requirements.  Specifically, your limit of liability that you will need to have for certain government regulations. In certain businesses in NC, you are required to have commercial auto coverage and on those policies, there are certain minimum limits of liability that are required. To register a personal auto, you are required to have certain limits of liability on your insurance policy. These limits are $30,000 bodily injury each person, $60,000 bodily injury each accident, and $25,000 property damage each accident. This is commonly referred to as 30/60/25. These minimum limits are quite low and it doesn't take a large accident to go over these minimum limit requirements. I strongly urge insureds to choose higher limits than the minimum required. Every carrier offers higher limits and the change[...]

Mar28, 2016

Motorcycle Insurance

March 28, 2016|Home Insurance|

If you are purchasing a motorcycle then you will likely be looking into purchasing a motorcycle insurance policy as well. Spring is here which means you may have the fever to go out and explore the open road. We will discuss some important factors in motorcycle insurance before you buy one.  There are several things that you should be aware of when you take out one of these policies.  These policies are very similar to your auto insurance policy and cover many of the same things but there are some differences. Motorcycle policies are written on annual basis in NC whereas auto policies can be written 6 months at a time, a full year, or both depending on the company. The reason for this is because the North Carolina Department of Motor Vehicles (NC DMV) requires you to have liability insurance on a bike just as you are required to have one on[...]

Jan30, 2016

The Insurance Bundle Myth

January 30, 2016|Home Insurance|

One of the biggest myths in shopping for insurance is the insurance bundle discount.  The insurance bundle myth is what a lot of companies use to make you bring all of your policies to them.  It is true that a discount is being offered on each policy but the overall rate of each policy might be higher than if you put each policy with a separate company. There are very few companies that will be competitive across the board on insurance policies for auto, home, life, health, boat, motorcycle and business insurance. There is exactly zero companies that will offer the best rate for every customer on all of these insurance policies. It is pretty typical for an insurance company to be competitive on either auto or home insurance policies. Whichever policy they carry a higher premium on would be made up by the competitive rate on the other policy. Customers should look[...]

Dec10, 2015

Builders Risk and Vacant Home Insurance

December 10, 2015|Home Insurance|

Certain circumstances may warrant you having a different policy for your home than a standard home insurance policy. We will focus on 2 separate kinds of insurance policies; builders risk and vacant home insurance policies. We will discuss the differences of each so you can make an educated decision on what is best for you and your needs. Builders Risk Insurance: This is a policy that is either purchased by the owner or the builder on a home that is being built from the ground up. A builders risk policy will cover the home while it is under construction. Coverage is also extended to the materials and equipment that are being used to build the home. Once the home is completed, the policy should be canceled and replaced by either a vacant home policy or a standard home insurance policy. Claims settlement payouts on a builders risk are based on the amount of[...]

Oct15, 2015

Online Insurance Quotes

October 15, 2015|Online Insurance Quotes|

Getting insurance quotes online has never been easier. We are in the technology age where our technology is advancing more quickly than anytime in history. Just think how much has changed in the last 10 years in how we shop, listen to music, watch movies, and access the internet. With all of these advancements in technology, the way we shop for insurance was bound to change as well. We will discuss some of the benefits and disadvantages of getting insurance quotes online versus speaking to a licensed agent. 3 Ways to Get Quotes From our Website Call a licensed agent. Get an instant online quote that you can bind yourself. Input your info into an online form that will be transferred to a licensed agent to shop Every individual is different with different needs so shopping for insurance should fit those differences as well allowing the user to be satisfied with the results. Benefits[...]

Aug25, 2015

Certificate of Insurance

August 25, 2015|Business Insurance|

What is a certificate of insurance? A certificate of insurance is a document completed by an insurance company or insurance agency that lists business insurance policy information including company name, policy number, coverage info, and term dates for an insured's policy or policies.  It is commonly used for commercial policies to show proof of coverage. Certificate Holder The certificate holder is shown in the bottom left hand corner of the insurance certificate and reflects the name of the organization or individual that is requesting proof of insurance for the insured.  The certificate holder info requires the holder name and address to be listed. Additional Insured An additional insured is the certificate holder that also requests to be listed on the policy as an additional insured and further requests to be notified by the insurance carrier if the policy is to be canceled.  An additional insured has additional rights on the policy that a[...]

Jul23, 2015

Non Emergency Medical Transport Insurance

July 23, 2015|Business Insurance|

Non emergency medical transport insurance has special insurance requirements that will require help from an agency that specializes in offering these policy types.  You also want to choose an agent that has access to multiple companies that can shop for your best rates like we can here. Non emergency medical transportation (NEMTA) is classified as the transportation of any individuals where an emergency situation does not apply.  The service is usually different from that of a taxi service due to the fact that there is more passenger assistance offered.  The vehicles typically have the ability to accommodate wheel chairs.   Passengers are typically physically handicapped or elderly.  It is safe to say that if you have flashing lights and/or a siren than you are not classified as non emergency medical transportation.  You would be considered emergency transportation at that time. If the above describes your business than please read on for information on[...]

Jun19, 2015

Auto Hauler Insurance

June 19, 2015|Business Insurance|

If you would like more information on auto hauler insurance or would like a quote, we have agents that are very knowledgeable on the subject and our rates are some of the best in the industry.

Apr24, 2015

Tractor Trailer Insurance

April 24, 2015|Business Insurance|

Tractor trailer insurance, also known as 18 wheeler insurance or semi truck insurance, is an important part of the commercial auto insurance world. Truck drivers will need to familiarize themselves with several parts of this commercial truck insurance type. We will discuss several items that will help guard you against possible losses that can cripple you and your business. We will also explain several insurance terms that will help arm you with the information you need to get the proper coverage and quotes for tractor trailers. Liability Insurance Liability insurance is probably the most important insurance type that you will be purchasing. This is an insurance policy that will guard you against any losses that incur to another party due to your negligence while driving your tractor. If you are at fault in an accident, the amount of liability you have is very important. If you are in an accident in a tractor[...]

Mar18, 2015

NC Boat Insurance

March 18, 2015|Boat Insurance|

In this article we will be discussing North Carolina boat insurance policies. Spring is the time of year when the weather starts warming up and everyone starts spending more time outside. Those with boats are excited to get their boat from wherever it is being winterized and drop it back in the water or gas it up to be ready to go out when the weather allows. As a fellow boat owner, I can attest for that feeling of a bear coming out of his cave from a long winter of hibernating and ready to enjoy mother nature. This bear, however, likes to cruise on the water at 40 MPH. Whether you are new to boating or you have been doing it since you were a kid, there are some boat insurance items that you should familiarize yourself with. In NC, small boats with very low horsepower may be covered under your home[...]

Jan19, 2015

Personal Property Inventory

January 19, 2015|Home Insurance|

Most people don't realize the importance of taking a personal property inventory on their personal contents that are insured through your home insurance policy.  A personal property inventory is just a record of all of the items you own. Your home insurance policy likely has coverage for your contents of your home listed under personal property. This includes all of your items that you own that are not permanently attached to your home. Examples of personal property are clothing, appliances, electronics, tools, furniture, jewelry, etc. What you may not be aware of, is that you, as the insured, are responsible for documenting the items that you own in the event of a payout from your home insurance claim. In the event of a loss, the insurance company will ask for a detailed list of items that you own in determining the claim settlement amount. They will not just write a check for the[...]

Oct23, 2014

High Value Home Insurance in NC

October 23, 2014|Home Insurance|

Insurance for high value homes needs to be addressed differently than most home insurance policies.  If you own a high value home, then this is likely one of your larger investments.  You want to make sure you are protected for any loss situation.    We specialize in writing high value home insurance policies and we can shop out multiple companies for the best rates and coverage options.  We will discuss various coverage options you should consider when shopping for a home insurance policy.   Dwelling Replacement Value It is important that you have set your dwelling coverage at an acceptable limit so that if there is ever a total loss you will be adequately insured.  To do this you want to start with an accurate replacement cost estimate. Replacement Cost Estimate: A replacement cost estimate should be done to ensure you have the correct value. This is a program that should be run by[...]

Sep10, 2014

Commercial Auto Insurance Filings

September 10, 2014|Business Insurance|

We will discuss in this article commercial auto insurance filings specifically for commercial auto insurance.   We will discuss what this is and the most common types. Put simply, an insurance filing is just proof of insurance that is delivered to a state or Federal entity.  Most times these proof documents are uploaded electronically.  Any carrier that writes commercial auto insurance is required to be set up to deliver these filings electronically when a policy becomes active and also when it is pending cancellation for any reason. Types of Insurance Filings State Filing- A state filing is proof of insurance filed by the insurance company that are required by the state when hauling within the state lines. Federal Filing- A federal filing provides the same proof of insurance when you are hauling outside of the state lines. Common NC and Federal Insurance Filings Form E- Proof that your policy meets the guidelines set by[...]

Aug5, 2014

Commercial Auto Insurance Policy Types

August 5, 2014|Business Insurance|

There are various types of commercial auto insurance policies that are put in place to cover various needs of the policyholder. Every business is different and depending on what you are doing it may or may not make sense to have specific commercial auto policies in force. We will touch on some of the more popular types of commercial auto insurance that are used a lot in the auto insurance realm. Commercial Insurance Coverage Types Below are the most common coverage types for commercial auto polices.  Liability- Liability insurance for a commercial auto policy is very similar to that of a personal auto insurance policy. The liability covers the property damage and bodily injury damages to the other driver or object that you hit and are responsible for. It is very common to see much higher limits on a commercial auto policy and in some cases may be required by the DMV or[...]

Jun26, 2014

Commercial Auto Insurance

June 26, 2014|Business Insurance|

In this post we will discuss commercial auto insurance as it pertains to helping individuals determine if a commercial auto policy is right for them. If you have a personal auto insurance policy and you use your vehicle for your business you may not be adequately insured. Your personal policy will exclude coverage for business use in most circumstances. Each insurance company has different guidelines on what must be insured on a commercial auto policy so it is important that you discuss this with your agent to ensure that future claims will not denied.  Often times insured drivers don't realize until it is too late that another policy type must be written to cover their vehicles.   Commercial Auto Insurance Requirements Below are some of the common determining factors on whether a commercial auto policy is needed. Vehicle type- Large trucks such as dump trucks and tractor trailers are always on commercial policies[...]

May23, 2014

Investment Property Insurance Underwriting

May 23, 2014|Home Insurance, Home Insurance, Landlord Policy|

For those with a history of investment property policies, you may be familiar with the insurance company requirements for these policy types.  If you are not familiar with what insurance underwriters look at when evaluating insurance risks, this may be helpful to you. Insurance companies will perform a visual inspection of the exterior of the rental property to make sure there are no major liability hazards or damage to the property that could increase the likelihood of a claim. Below are a list of some of these items that if corrected, will decrease the likelihood of your coverage being canceled or decreased. Types of Common Underwriting Concerns for Investment Insurance Policies Steps without handrails Damaged steps or porches Dogs with bite history or certain dog breeds Peeling paint on siding or eaves Aged or poor shape of roof Unlicensed vehicles Lack of updates to roof, heating, wiring, and, plumbing Dilapidated outbuildings, sheds, or[...]

Mar27, 2014

Investment Property Insurance Policy Forms

March 27, 2014|Home Insurance, Landlord Policy|

There are 3 typical policy types you can choose from when purchasing a landlord policy. We will discuss what perils are covered on each type so you can make an educated decision on which coverage is best for you. Like any decision you must weigh the cost differences with your level of comfort on the coverage type chosen. Investment Property Policy Forms DP-1- A DP-1 policy stands for Dwelling Policy 1 and is known as an actual cash value (ACV) coverage. ACV covers your dwelling minus any depreciation of the property based on age. Put simply this covers: Replacement Cost (RC) - Depreciation = Actual Cash Value (ACV) In addition to accounting for depreciation, this policy will account for less perils or causes of loss. The basic DP1 policy is a standard fire policy. You will want to ensure that this form covers you with an additional endorsement called Extra Coverage (EC) which[...]

Mar4, 2014

Investment Property Insurance Coverage

March 4, 2014|Home Insurance, Landlord Policy|

If you have purchased an investment property either to fix up and flip or to rent out, then you need to make sure that you are covered properly under the right insurance policy. Investment properties are similar to that of a primary home insurance policy but with several differences. You should make sure you have the right kind of investment property insurance coverage to make sure you are properly insured.  If at any time you move out of your home and it has become vacant or if you are renting it to a tenant then you will need to call your insurance agent right away to make sure that you are covered appropriately. Depending on your insurance company, you generally have between 30-60 days to update your policy or you could be denied coverage in the result of a claim. Insurance companies need to rate the risk accordingly. For instance, the risk of[...]

Feb12, 2014

Non owners Insurance

February 12, 2014|Home Insurance|

What is Non owners insurance?  This coverage can be called nonowners insurance, non-owners insurance, non owner insurance,  non-owned liability, and named operator insurance.   Whatever you want to call it, they all cover the same thing.  We will discuss what this type of insurance policy covers, who may need it, and how to get it. Non owners insurance is an insurance policy that provides liability insurance for someone who doesn't own a vehicle and doesn't have regular access to a vehicle.    NC law states that anyone wishing to get a drivers license must first have proof of liability insurance.  This makes it impossible for anyone without a vehicle or living in a household without a vehicle to get insurance unless they purchase a non owners insurance policy.  Once you take out a non owners policy, you will receive a DL 123 form which is simply proof of liability insurance as required by the North Carolina Department of Motor Vehicles[...]

Jan14, 2014

DUI Insurance in Charlotte

January 14, 2014|Home Insurance|

 DWI insurance, which is also known as DUI insurance, is nothing more than an auto insurance policy that covers your vehicle when you have had a DWI conviction. If this is your first time experiencing getting insurance with a DWI than you are probably filled with anxiety and have heard several horror stories regarding the rates. Do not let this scare you as you will see that it doesn't have to be that bad. You will see in this article that we have several insurance companies in Charlotte and throughout all of NC and SC that specialize in insuring those with a DWI conviction. Insurance carriers determine your auto insurance rates largely on what kind of driver you are. The higher the number of violations or accidents you have, the higher your insurance rates. North Carolina charges a certain amount of points depending on what kind of violation you have had. Insurance companies[...]

Oct18, 2013

What is an umbrella policy?

October 18, 2013|Home Insurance, Home Insurance, Landlord Policy|

I would like to discuss exactly what an umbrella policy is and give some insight as to whether you may need one to protect yourself. An umbrella policy, which is also known as an excess liability policy, is a personal liability insurance policy that is in excess of other underlying insurance policies that you may have.    An umbrella policy can be thought of as a secondary insurance policy that pays when you have exhausted the limits on your primary insurance policies. Certain underlying policies that you may have may include home, auto, boat, motorcycle, or rental property insurance.  Your umbrella policy will require you to have certain underlying limits on these policies to meet the requirement.  Most common underlying limits for auto liability would be $250,000/500,000/50,000 and $300,000 personal liability for property insurance.  Higher limits are usually required to lower the risk  of actually having to use your umbrella policy. To further[...]

Jul3, 2013

Dealer Insurance

July 3, 2013|Business Insurance|

Dealers insurance is a very specific type of commercial insurance policy. There are different insurance policies that are important to auto insurance dealers. These can either be required by the NC DMV or put in place to protect the interests of an auto dealer. The 3 most common forms of insurance are Garage Liability, Surety Bonds, and Dealers Open Lot Insurance. Please see an explanation of these three forms of insurance below. 3 Most Important Dealer Insurance Coverage Types Garage Liability A garage liability policy is a commercial auto policy that covers not only the liability of someone being hurt at the dealer's place of business, but also any liability while the dealer owned vehicles are being test driven. This includes bodily injury or property damage to another while the dealer-owned vehicle is being driven. This policy is a requirement of the NC DMV in order to have a dealer's license. This type[...]

Mar13, 2013

Understanding Your Homeowners Insurance Coverages-Part 4 Coverage Gaps

March 13, 2013|Home Insurance, Landlord Policy|

One of the most important areas to understand on home insurance policies is the gaps in coverage, or exclusions on your homeowners policy.  There are several that you may not be aware of.  Even if your homeowners insurance policy is written on an HO-3 form which covers replacement value on an all-risk basis, there are certain exclusions that you may be unaware of.  We will discuss some of the most common insurance gaps.  Flood Insurance-  A flood loss is defined as waters rising up from the ground from excessive water that finds its way into the house.  To be covered for flood losses you must purchase a separate flood policy from the federal government under The Federal Emergency Management Association(FEMA).  Your home insurance policy will absolutely not cover you for flood insurance of any kind.   Earthquakes- An endorsement can be added to your policy that will cover you for earthquakes.  Where we are located here in Charlotte, NC we don't see[...]

Jan25, 2013

What are Surety Bonds?

January 25, 2013|Bonds|

Most people don't think about surety bonds unless they are required to have one. At that point the question is asked; what is a surety bond? I will discuss what surety bonds are, the different types of bonds, and the uses of them.  First of all, please understand, we are referring to bonds in the insurance form not bonds in the investment form. Surety bonds are similar to insurance but they are not insurance. Insurance transfers the risk from the insured or applicant to the insurance company, whereas, with bonds the risk stays with the insured. This is why bonds are generally cheaper than insurance. With a bond, you are getting a promise to pay from the bonding company. The bonding company or surety will pay when the insured does not but the bonding company will go after the insured to repay what is required of them. In essence the surety company is[...]

Aug15, 2012

Business Insurance Policies

August 15, 2012|Business Insurance|

We will discuss and explain the most common business insurance policies. If you own a business, we know you have worked very hard to start it and to get it off the ground. You have put your heart and soul into getting and keeping your customers as well. The question you may now be facing is what kind of  business insurance policy do you need to protect what you have worked so hard on.  Maybe you aren't concerned with any personal liability that could potentially cause you to go out of business, but instead you need a certain commercial policy to satisfy a contract that you are trying to get. Maybe this contract requires you to have a certificate of insurance proving you have a certain commercial policy. There are many different kinds of business insurance that are available for your protection. I would like to focus on some of the most common[...]

Jul31, 2012

Homeowners Insurance Coverage Types

July 31, 2012|Home Insurance|

When reading the declarations page of your home insurance policy you will find several commonalities from one company to another. Most companies will lay out your coverage in the same way. Today we will explain what each of those Charlotte home insurance coverage types mean. Home Insurance Coverage Types Coverage A- Dwelling Coverage B- Other Structures Coverage C- Personal Property Coverage D- Loss of Use Coverage E- Liability Coverage F- Medical Payments   Dwelling Coverage (Coverage A)- This is the coverage on your home insurance policy that covers your home itself in the event of a covered loss or peril. The coverage amount you choose here should be enough to rebuild your home. This coverage is called replacement cost value. Actual cash value (ACV) policies are also available and will pay the replacement value of your home minus depreciation. In certain situations actual cash value is the only coverage available. This is usually[...]

Jul23, 2012

Home Insurance Deductibles

July 23, 2012|Home Insurance|

 Like in auto insurance, the home insurance deductible is the amount that you are responsible for in a covered home insurance loss. The insurance company will pay the damages minus whatever deductible that you have chosen. The most common deductibles for homeowners insurance policies are $500 or $1,000, though higher ones are available. There is no right or wrong deductible amount. It is up to the individual. It can be very beneficial to go with a higher deductible if you are the type of customer who doesn't plan on filing a home insurance claim unless the damages are significant. This savings compounded by the number of years that you go claim free can really add up. Home Deductible Types Wind/Hail Deductible- For weather related losses from wind or hail. All Perils- Covers all other covered perils. It is important to keep in mind that you may have a separate deductible for wind and hail as[...]

Jul19, 2012

Home Insurance Scheduled Property

July 19, 2012|Home Insurance|

This is the first part of several in our series regarding your home insurance policies. Our goal is to increase your knowledge of home insurance policies. We want to educate you on the coverage and in some cases coverage gaps so that you won't have to find out the hard way, after a loss. Please check back for updates regarding common questions and concerns regarding your home insurance policy. This section will discuss certain items that may not be covered or may have limitations on their coverage under the contents or personal property section of your home insurance policies. In certain cases where the values of certain contents are in excess of the limits provided in your policy, you will want to add the Scheduled Personal Property Endorsment (HO 0461). The following list shows some common items that carry certain coverage limitations on your home insurance policy. Check your policy to see the[...]

Jul13, 2012

Our New Website

July 13, 2012|Welcome|

Welcome to our new website. We have worked very hard to provide you with a great experience whenever you visit. We wanted to provide you with the tools you need to make payments, file claims, request quotes, find our agency, find our agent contact info, and educate you on the different policies we can write. We have strived to make the website functional yet simple. It was designed with you in mind so it is as much your website as it is ours. Please let us know what you think and let us know if there is anything that you would like to see added or changed. Thank you so much for your business. We wouldn't be here without you and we hope to exceed your expectations of exceptional service, excellent rates, and an ease of doing business with us. Please check back frequently for updates to this blog for valuable information. Remember,[...]

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