Personal Insurance
Auto Insurance:
Car insurance provides financial protection against losses from accidents, theft, or damage. It typically covers liability for injuries or property damage to others, as well as coverage for the policyholder’s own vehicle, depending on the chosen policy. Common types of coverage include liability, collision, comprehensive, uninsured/underinsured motorist, and medical payments (or personal injury protection). Auto insurance helps drivers manage risks by covering repair costs, medical expenses, and legal fees in case of an accident. Auto insurance is required in the state of North Carolina. Here at our agency, we also can provide coverage for Motorcycles, Boat, ATV, Golf Carts, and Rv’s.
Home Insurance:
Home insurance (also called homeowners insurance) is a policy that provides financial protection against damage to a home and its contents due to events like fire, theft, storms, or vandalism. It also includes liability coverage, which protects homeowners if someone is injured on their property. Standard policies cover dwelling (structure), personal belongings, liability, and additional living expenses if the home becomes uninhabitable. Mortgage lenders typically require home insurance, and coverage can be customized with add-ons like flood or earthquake insurance. Here at our agency, we also can provide coverage for Renters, Condo, Mobile Homes, townhouse and more.
Life Insurance:
Life insurance is a contract between an individual and an insurance company that provides a lump-sum payment (death benefit) to designated beneficiaries upon the policyholder’s death. It helps provide financial security by covering expenses such as funeral costs, debts, lost income, and future living expenses for loved ones. There are two main types: Term Life Insurance, which provides coverage for a set period (e.g., 10, 20, or 30 years), and Permanent Life Insurance, which lasts a lifetime and may include a cash value component. Life insurance is essential for protecting dependents and ensuring financial stability after a policyholder’s passing. Here at our agency we also provide coverage for Accidental Death & Dismemberment (AD&D ) Insurance.
Health Insurance:
Open Enrollment opens on November 1st and ends on December 15th for a January 1st start date. Extended Enrollment is from December 16th to January 15th for a February 1st start date. You may be eligible for Special enrollment if a life changing situation happens to you, which means you can get coverage when open enrollment has closed.
Health insurance is a policy that helps cover medical expenses by paying for doctor visits, hospital stays, prescription drugs, and other healthcare services. It reduces out-of-pocket costs by covering a portion of medical bills, depending on the plan’s coverage, deductibles, copayments, and out-of-pocket maximums. Health insurance can be provided by employers, government programs (such as Medicare or Medicaid), or purchased individually. It ensures financial protection against high medical costs and helps individuals access necessary healthcare services. Here at our agency we help you get coverage with a subsidy from the government. We can get you coverage with vision and dental as well.
Retirement Plans
Retirement plans insurance refers to financial products that help individuals save and invest for their retirement while providing protection in case of unexpected events. These plans typically combine investment growth with some form of insurance coverage, ensuring that you have a source of income during retirement and in some cases, offering protection against death or disability.
There are two main types:
Pension Plans: Employer-sponsored retirement plans where both the employee and employer contribute. The benefit is typically a fixed amount that’s paid out upon retirement.
Annuities: A financial product where you pay a lump sum to an insurer, and in return, you receive regular payments for a set period, often for the rest of your life, after retirement.
Some retirement plans may also include life insurance benefits, providing your beneficiaries with a payout in the event of your death before retirement. Overall, retirement plans insurance provides financial security in retirement by combining savings with insurance protection.
Bond Insurance:
Bond insurance is a type of insurance that protects the holder of a bond (the investor) against the risk of the bond issuer defaulting on their payments. In other words, if the issuer fails to make interest payments or repay the principal amount of the bond at maturity, the insurance company steps in to cover the payments. There are two main types of bond insurance: Municipal Bond Insurance: This covers bonds issued by local governments (cities, counties, etc.). It protects bondholders in case the issuing municipality cannot pay the bond’s interest or principal. Corporate Bond Insurance: This covers bonds issued by companies. If the company defaults, the insurance ensures that bondholders receive the promised payments. Bond insurance provides investors with added security and typically makes the bonds more attractive to potential buyers, as it reduces the investment risk. It’s commonly used to improve the credit rating of a bond, making it easier for issuers to sell bonds at favorable terms.
Personal Umbrella Insurance:
Personal umbrella insurance is an additional layer of liability coverage that goes beyond the limits of your standard auto, home, or other personal insurance policies. It helps protect you from significant financial loss if you are involved in a major accident or lawsuit that exceeds the limits of your regular insurance coverage. For example, if you're involved in a car accident and the damages exceed your auto insurance policy limit, personal umbrella insurance would cover the remaining costs. It also offers protection for incidents that may not be covered by other policies, such as libel, slander, or false arrest. This insurance is often affordable and can provide millions of dollars in additional coverage, offering peace of mind and financial security in case of a major accident or lawsuit.