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Best Builders Risk Insurance Raleigh

Best Builders Risk Insurance Raleigh

Best Builders Risk Insurance Raleigh

The builder’s risk insurance, also called construction insurance, is a specific policy that helps manage your risks on project sites. In this day and age, constructions do not push through without this type of protection. However, the builder’s risk insurance is also one of the most misunderstood policies because of its multiple nuances.

For instance, some people think that this insurance is all-encompassing. Like most things, however, the policy comes with exemptions.

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Before anything else, you need to know what your insurance covers.

Builder’s Risk Insurance Coverage

Generally speaking, you protect the property and tools on project sites when they sustain damage from natural and man-made events. For instance, fire, collisions, vandalism, and other disasters or incidents are valid reasons for you to get a claim. Apart from recouping your investment, the insurance cost may also cover debris removal.

You may also include your heavy equipment and tools stored in your yard off-site. But this is not a standard policy, so you may have to pay extra for that privilege.

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However, you must understand that a builder’s risk insurance is fully customizable. Apart from the bare minimum, each policy is tailored to the needs (and budget) of the lender, contractor, subcontractor, architect, building owner, or engineer.

Things Excluded From Your Builder’s Risk Insurance

Now that you have a basic concept of what this insurance covers, you should also know the exclusions.

  1. Terrorism and war — Most insurance policies do not include acts of terrorism in their claims. Some private insurers offer a specialized program for it, and it’s called “political violence insurance.” Today, this has been extended to include claims for civil disturbances, strikes, and riots.
  2. Equipment and Tools — You may think your insurance already includes equipment and tools, and you are right. At least, partly. You must clarify this with your provider to determine the items included in your policy. Insurance companies vary in the way they offer equipment protection. For instance, they may cover your equipment when it sustains damage at a project site but not while in transit. Others will protect your vehicles and tools even when parked somewhere. Similarly, you cannot apply for a claim for vehicle breakdowns resulting from non-maintenance and other factors.
  3. Faulty design — Don’t expect the insurer to pay up when your construction work collapses due to faulty design. You need another liability insurance for that, especially if you are an engineer, contractor, or architect. Your insurance will only kick in if the building collapses due to an accident or other external factors specified on your policy.
  4. Weathering — A builder’s risk insurance also excludes a building’s wear and tear. Typically, this insurance is applicable for new construction projects. So, if there are already existing structures on the property, you don’t count them into your policy.
  5. Flood, storm, and earthquake — Your building insurance does not usually cover damage caused by natural disasters. However, you can ask your agent to add severe weather to your policy.
  6. Injuries and illnesses — You also cannot make a claim if one of your workers meets an accident or misses their shift due to a lingering illness. You need to secure separate protection for such. The appropriate coverage would be employee compensation insurance.
  7. Rust and corrosion — Ensuring your tools and equipment are free from rust is part of your responsibility as a contractor or subcontractor. So, your insurance will not pay for their repair or replacement.
  8. Theft — Losses due to employee theft will not be included in your insurance coverage. As a contractor, you are supposed to run background checks on your workers. As a result, you will have to pay for the cost of any theft out of your own pocket. However, your insurer may reimburse you for properties or tools stolen onsite by thieves. Make sure that your plan covers this as well.

Builder’s Risk Insurance Extensions

You can add as many extensions to your basic policy as you can. But, of course, it presupposes that your insurer offers these extensions in the first place.

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As stated earlier, you can customize your insurance to include damage from severe weather conditions. You can also list the number of heavy equipment and tools excluded initially from your plan.

You can also add the following:

  • Scaffolding
  • Debris removal
  • Temporary structures
  • Construction forms
  • Project site cleanup (including toxic materials and pollutants)
  • Heavy equipment or vehicle damage while in transit
  • Heavy equipment or other vehicles parked off-site
  • Tools and equipment in storage

You can pay for these extensions quarterly, bi-annually, or annually as the insurer already adds the cost to your final bill.

Talk to Your Agent

You should regularly review your policy with your agent to determine the scope of the exclusions. Keep in mind that different insurers sell different policies with varying coverages. This way, you avoid future misunderstandings or the need to apply for a claim only to be rejected due to being ineligible.

Travelers Insurance Raleigh NC/span>

Travelers Insurance Raleigh NC/span>

Travelers Insurance Raleigh NC/span>

Is getting life insurance a worthy investment?

If you have dependents, especially if they are still young, it would be worthwhile to get yourself life insurance. In the event of your passing, you have peace of mind that you don’t leave behind your loved ones emotionally and financially wanting.

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However, it’s not for everyone.

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Below are some scenarios where you may have to forego a life insurance policy:

  • If you don’t have dependents and living alone
  • If you are already set for life financially and can leave an inheritance for your loved ones

It’s tempting to include “no money” as the reason for not buying life insurance. However, you can rectify the situation by managing your budget and skimping on some luxuries you are accustomed to having.

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As problems in life come and go, the easiest thing to set aside or overlook is your budget, especially considering the stakes involved.

Things to Consider Before Contacting Your Life Insurance Agent

Here are some things you have to know before purchasing a policy to protect your loved ones:

You don’t automatically qualify for life insurance

The insurer will screen all applicants to ensure they meet the minimum standards for eligibility. For instance, if you have a preexisting condition that puts your health at risk, you might not be able to qualify.

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An insurance company may also deny your application if you:

  • Have a history of suicide;
  • Suffer from long-term depression;
  • Struggle with alcoholism; and
  • Like to engage in risky activities (adrenaline junkie)

With that said, a chronic illness like diabetes or hypertension won’t automatically disqualify you, either. It depends on the assessment of the insurance company. You will likely pay a higher premium if you are considered medically risky.

You may not get your money back

Life insurance provides you with a fail-safe plan to secure your family if something happens to you. That peace of mind is renewable each year. Yet, there is a good chance that you will outlive your insurance, which means you get nothing. This type is known as term insurance, and it can confuse some people who might not understand the conditions of their policy. Term insurance is cheaper, but it can also expire.

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You might want to get permanent coverage, which means it will last until death. In this case, your beneficiaries will receive the money upon your passing. However, some insurance policies allow you to withdraw your money plus interest once the policy matures. You must clarify your requirements with your agent to avoid future misunderstandings.

Choose your beneficiaries carefully

When choosing a beneficiary, the default for most people would be their kids or spouses. But you have to think about a few things. For instance, if your children are still underage, they won’t get the benefits until they turn 18. In such cases, the court may appoint a guardian, or the money will be put in a trust fund until your children are old enough to withdraw it. In contrast, if you put your life insurance against your estate, your beneficiaries must prepare to pay taxes.

Travelers Insurance Raleigh NC/span>

Travelers Insurance Raleigh NC/span>

When naming other people as beneficiaries, in some states, your spouse may need to sign a waiver if you decide to do so.

Know your goals

Most people are unaware you can purchase life insurance for your business. The overarching goal is to protect your company after death. The money can go to paying off debts, ensuring investor confidence, or keeping the business running while management is in a temporary flux.

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More than anything, your family avoids using your personal assets to prevent the business from folding. However, if you are not confident that someone from your family can replace you, you may be better off naming them as your direct beneficiaries. You can name the life insurance after your business if you have a partner you trust with your life, knowing that they will take care of your family in return.

Insurance can be a good investment

Permanent life insurance can be a good source of funds if you need to borrow against your net cash value. The only downside is that it takes time for you to raise your stock. However, you must also understand that the insurer will deduct the amount from your total death benefit. On the other hand, you don’t have to pay back the amount that you borrowed. Just make sure you have enough liquidity, so you don’t leave your surviving family in a financial mess after your passing.

In conclusion, you must evaluate your financial status to determine the life insurance you can afford. You might just waste your money if you can’t pay your premium religiously. Typically, you have a grace period to settle your payment upon the due date.

During this term, your life insurance policy still covers you. However, your beneficiaries will not receive the death benefits if you continue to ignore your premiums.

Best Flood Insurance Raleigh

A flood insurance policy covers damage to your property in case of floods, water surges, or flood-related mudslides.

Myth #1: My home insurance already covers flood insurance

Your homeowner’s insurance does not typically cover floods unless explicitly specified. You must apply for additional coverage via the National Flood Insurance Program (NFIP) or your private insurer. Talk to your agent to determine the scope of your policy, primarily if you reside in a designated flood zone or a storm’s path. If you are uncertain you need this insurance, you can check with the NFIP website.

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Your homeowner’s insurance may cover property damage if rainwater enters your house during a heavy downpour. Your insurance company typically considers this as a windstorm rather than standard flooding. It’s best to clarify this with your agent to determine the extent of your insurance coverage.

Myth #2: Flood Insurance only covers homeowners

Coverage also includes commercial establishments, industries, utilities, retail shops, and others. If you rent your home, you can apply for one to cover losses following a flood. Of course, you cannot claim structural damage since you don’t own the house.

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The risks are even higher if you are a business owner, especially if you cannot afford further expenses due to your strained budget. You must know, however, that flood insurance does not cover profit loss or business interruption.

Myth #3: You don’t need flood insurance if you reside outside the hazard zone

A Bloomberg report revealed that home and business owners underestimate flooding risks by 67%. They consider themselves safe since they are outside any government-designated hazard zones. In reality, about 6,000,000 people or more are at risk of flooding, more than what is reported in government data. To date, 1 in 10 properties in the US is in danger of flood damage.

Climate change has drastically altered how natural disasters cause destruction. Storms seem to be getting more destructive, and floods continue to rise higher. In fact, a third of claims payments came from areas outside the flood plains.

Myth #4: I won’t be eligible since my home has been flooded several times before

The total score: Flood insurance is designed specifically to protect people in flood-prone areas. You are eligible for protection since your house has been through numerous catastrophes. Inquire from your agent about what policy is best for you. In fact, you can buy your policy even if your house is still submerged under high waters. Know, however, that the protection may only be claimed after a month. It is always a good idea to purchase sooner than later.

Myth #5: Flood insurance is a scam because someone I know wasn’t paid

The Federal Insurance Office oversees all legitimate insurance companies. You can file a complaint with them if you feel you have been short-changed. Flood insurance scams happen all the time and this could take place due to several reasons. For one, the victim may have applied for a policy from a fly-by-night operator who promised cheap rates. It’s crucial to always check online reviews, a local council, or your local consumer group to determine an insurer’s legitimacy.

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Another reason could be a misunderstanding. There are two types of flood insurance: one covers structural damage while the other covers one’s belongings. You can apply for either protection or both. Therefore, the claimant might be asking for a payment that his insurance does not cover. Nonetheless, flood insurance is a legitimate policy that even the government, through the NFIP, offers to homeowners and business owners alike.

Myth #6: Flood insurance excludes basements

Due to the nature of their construction, basements are prone to flooding even without strong rains. You can apply for a claim for repairs and cleanup in case your heater, furnace, water pump, or circuit breaker boxes are damaged. However, the protection typically does not cover expenses to repair your basement.

Myth #7: Private insurance is costly

Most people are unaware that private companies actually sell federal flood protection. For example, the NFIP lists more than 60 companies as its partners so that they can sell the product to their customers. You can save a lot of money this way. Typically, however, the policy is not as expensive as you think. The average insurance cost for homeowners is between $60 and $80 a month. Of course, the final premium varies according to your state, conditions, insurer, and other factors. Expect to pay higher if you live on a flood plain because the insurance company absorbs more risks.

Talk to an Agent for Flood Insurance Today

This article only addressed the most common questions regarding flood insurance. You might have other concerns and specific needs that need to be clarified. It is best to talk to an agent and present a real-life scenario that applies to you. List down your questions to make sure you don’t forget anything.

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Insurance Companies Raleigh NC. Progressive Insurance Millbrook Rd Raleigh NC.

Insurance Companies Raleigh NC. Progressive Insurance Millbrook Rd Raleigh NC

Is it worth securing umbrella insurance? Sales agents typically encounter this question from their customers. Indeed, you may have heard it in passing and not fully understand what it is.

Simply put, umbrella insurance kicks in right after your other liability coverages max out. So, for instance, if your policy only pays claims up to $100,000 and your hospitalization costs are significantly more than that, the umbrella insurance provides fail-safe protection that you can enjoy.

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There’s a reason why this type of insurance is also called “asset protection.” It’s because you don’t need to risk your belongings or valuables to cover exorbitant expenses.

Why More People Don’t Have Umbrella Insurance

According to a Chicago Tribune article, only 1 in 10 people have umbrella insurance. Most people may think getting one is not at all that necessary.

One reason why people are wary of umbrella insurance is the misconception that it’s only for the rich. However, keep in mind that hindsight is always 20/20. Most seem to think that tragedy only happens to other people, and it’s already too late when they fall prey to their own complacency.

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Take this scenario, for instance:

You are a small pop-and-mom store, and a kid playing inside your shop tripped and broke his arm. The angry parents, who should have been watching over the boy in the first place, decide to haul you to court for damages.

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Where do you get the money to pay for legal fees? Millionaires or billionaires are not the typical targets of civil lawsuits since they have the money to drag the trial to eternity. You are.

Umbrella Insurance Coverage

Umbrella insurance covers a wide range of claims because it includes all policies. You will enjoy protection if the following scenarios occur:

  • If your dog bites someone or another pet;
  • If you run over someone;
  • If you damage property when you crash into a house, fence, or another car;
  • If you injure somebody accidentally;
  • If your child gets sued for cyber libel;
  • If you are a business owner or board chair and face a lawsuit for a company-related issue; or
  • If you are driving outside the country and get involved in an accident.

However, the policy will not cover the following:

  • If you commit a criminal act;
  • If you intentionally hurt or injure someone;
  • If you renege on a contract;
  • If you violate an agreement with a business party;
  • If you infect someone with an infectious or fatal disease; or
  • If the damages result from terrorism.

Maximizing Your Umbrella Insurance

It’s a good rule of thumb to secure umbrella insurance that will cover the amount equal to your net worth.

However, maximizing its value is always a good idea if you are taking on additional policy. Here are some ways to do it:

Understand what your policy covers

Don’t simply leave everything to your insurance company. Instead, call your agent and go over your policy once again. Present some real-life scenarios that may apply to you to gauge how much protection you have.

Read the details

If you have a lawyer on retainer or some lawyer friends and relatives, let them comb through the fine print. You probably heard all the horror stories concerning loopholes that give insurance companies an escape plan to avoid paying a claim. The lawyer should eliminate the impression that umbrella insurance is just another money-making scheme.

Ensure you get the right coverage

Umbrella insurance is not all-inclusive. For instance, if you are an entrepreneur, you must look for the phrase “business pursuits.” Different professions also require specific coverages. For example, a doctor needs professional liability in the face of a malpractice lawsuit. A publisher may need protection against libel or cyber libel. A laundry shop owner may require additional security against theft lawsuits.

Get as much protection as you can

One misconception about umbrella insurance is that it’s expensive. Nothing can be further from the truth. In fact, you can get as much as $1 million coverage for as little as $200-$300 annually. While thinking of your net worth, you must also consider future income loss if a potential lawsuit severely interrupts your life or business. In addition, with today’s cancel culture, your reputation may be irreparable due to a damaging social media post, even if the incident in question is not your fault.

Protect Yourself and Your Assets with Umbrella Insurance

Umbrella insurance is an additional investment, although some may argue it’s an expense. The sentiment is understandable, especially if people have been paying for years without applying for a single claim.

However, not using your umbrella insurance is a blessing. It only means that you have made it this far unscathed.

Make sure to talk to an agent to determine what type of umbrella insurance you need. You don’t want to risk destroying your lifetime’s worth over a single unexpected event.

Best Motorcycle Insurance Raleigh

Buying a motorcycle not only requires an understanding of road safety and traffic rules. You must also be aware of the responsibility of owning one. For instance, your auto insurance does not cover your motorbike or other two-wheel vehicles unless it’s explicitly itemized. Therefore, you need motorcycle insurance to enjoy complete protection if something happens.

Below are some frequently asked questions agents regularly encounter regarding motorcycle insurance.

Is motorcycle insurance required?

You are legally mandated to secure motorcycle insurance except when residing in Florida. This document is a prerequisite when registering your motorbike and securing a plate. However, you don’t pay a fixed amount to buy insurance. Each state has its own rules and premiums, so you could end up paying higher or lower depending on where you are.

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Most states follow the 25/50/10 practice. This means your insurance must cover $25,000 in injury payments, $50,000 per incident, and $10,000 in property damage. Floridians, meanwhile, are not legally required to show insurance before getting their motorcycles registered. Unless you have money to burn, you could decide to get insurance to cover the costs in case you are at fault.

How to know if my auto insurance covers my bike?

The easiest way to know is to ask your insurer. You can look for an endorsement or a “rider” on your policy if you don’t want to talk to an agent. However, there’s no room for flexibility when you depend on your auto insurance. For example, if your policy limit is $50,000, it would be split between your car and your bike. But you don’t really have to worry about it. As standard practice, your auto insurance usually doesn’t cover your two-wheel ride.

Is motorcycle insurance expensive?

The insurance company will consider multiple factors when computing the cost of your premium. For instance, the insurer will look at the state where you live and the motorcycle you want to be insured. If you live in California, prepare to pay over $150 per month. Compare that to North Dakota, which averages $28 monthly.

The motorcycle model also matters in the cost. Of course, when you are driving luxury BMW motorbikes, you would pay exorbitant premiums. On average, motorbike riders pay between $600 and $700 yearly. But then again, you cannot place value on peace of mind.

What are the inclusions and exclusions in my motorcycle insurance?

It depends on what type of insurance you secure. State-obligated liability insurance is quite affordable, but the coverage is minimal. It will not cover the entire repair or parts replacement for your bike, but only for bodily injuries, property damage to another party, and personal injury protection. Meanwhile, comprehensive insurance will reimburse you up to the current market value of your motorcycle if it’s totaled in a crash.

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Theoretically, you can purchase a new bike with the insurance payment. It will also cover third-party bodily injury and property damage, including injuries you sustain. You can also use your policy to pay for legal costs if you face a lawsuit courtesy of the other party.

As to the exclusions, your insurance usually does not cover accessories unless your policy specifies it. Some insurers will include a ceiling amount to cover accessory damage or replacement.

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Meanwhile, the insurance company will not honor collisions resulting from drunken driving or speeding.

Other inclusions include:

  • Mechanical failure
  • Replacement of misplaced keys
  • Wear and tear
  • Lending your bike to someone else
  • Riding someone else’s bike
  • Invalid driver’s license/lack of license
  • Non-wearing of helmet
  • Acts of terrorism or war
  • Rider’s injury resulting from natural calamities
  • Motorcycle damage if you use it to transport someone for a fee or delivery

If you have a passenger, your insurance may or may not cover medical expenses, depending on the policy you purchased. So, you better talk to your agent to understand your insurance policy’s nuances.

Do I have to pay a share if I am at fault in a road collision?

You may have to pay out-of-pocket, depending on your policy’s limits. For instance, if you have a $500 deductible and the total damage is $2,000, your insurance will cover the $1,500 balance once you have paid your share. However, you won’t receive compensation if the damage is less than $500.

In addition, you can opt to customize your policy by paying a higher premium, which cuts your deductible amount. But you don’t have to worry about all these if you are not at fault since the other party will cover the damage.

Contact an Agent for More Questions About Motorcycle Insurance

It’s best to contact an agent for more questions and concerns. Do some helpful research and gather more information about motorcycle insurance. This will shape your decision on which insurance company to choose.

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Boat insurance covers several types of water vessels from liability or damage. Your policy will get to work once you figure in a boating incident and injure a third party or destroy another one’s property. Coverage also extends to compensation in the event of theft.

If someone steals your boat and you aren’t able to get it back, your insurer will pay you for the current market value of your watercraft.

What Does Your Boat Insurance Include?

The standard boat insurance includes any physical damage to the hull or vessel. It may also cover boat machinery, equipment, furnishings, or furniture, so long as they are permanently attached to your vessel.

As mentioned, you will also receive compensation if any of your properties were stolen, or someone hijacked your boat.

Most people are unaware that boat insurance will also pay for hospitalization expenses and rehab if you or your passengers sustained injuries while at sea.

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The policy is not all-encompassing, however. For instance, you don’t need this type of insurance for your canoe, small sailboat, or motor-powered vessel if they speed up less than 25mph. However, your homeowner’s policy can have a rider to include your watercraft.

A jet ski is typically excluded, although it can go from 40 to 70 mph. You would need a separate policy to cover you with your jet ski. Similarly, yachts have different protection plans due to how much they cost.

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The following are the most common claims related to boat insurance.

  • Vessel grounding
  • Hitting corrals, rocks, and other objects underwater
  • Injuries
  • Severe weather
  • Theft
  • Collisions
  • Fire

You can expand your policy to include towing on and off bodies of water, mechanical damage, ice/freeze coverage, or damage and loss to your personal property.


Like all policies, your boat insurance has some exclusions.

  • Wear and tear
  • Mechanical breakdown
  • Rust and corrosion
  • Manufacturer defects/faulty design
  • Overuse and abuse
  • Damage due to termites and other bugs
  • Mold damage
  • Damage sustained by marine life

Types of Boat Insurance Coverage

The policy typically splits into two types:

Agreed Amount Value

The compensation amount anchors on the vessel’s valuation you agreed upon with the insurer. If your boat sinks or someone steals it, you already know how much you will receive. The cost is fixed and already includes the equipment and machinery inside.

Actual Cash Value

In this type of policy, the amount is flexible. The cash you receive as compensation will factor in depreciation. At the time of the claim, the insurance company will compare the common and current costs of used vessels in the area to determine your boat’s actual market value.

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Each type has its distinct benefits and disadvantages. The Agreed Value Amount type is generally more expensive than the other type. On the other hand, the Actual Cash Value type will give you a lower payout, especially if your watercraft is past its heyday.

How is Your Boat Insurance Premium Computed?

Insurance companies have a checklist of factors determining how much premium you must pay.

  1. Boat’s age — The older the boat, the higher the premium because of the risks involved. As you know, any vehicle with long mileage is prone to break down. Its general sea-worthiness has gone down. So, as a general rule, the newer the vessel, the higher the insurance.
  2. Current insurance — If your boat is already under some protection, you will likely get credit for that. So, you will receive a favorable premium.
  3. Vessel type — Although horsepower plays a big role in computing your total premium, there are other factors. The more expensive the vessel, the higher your insurance payments would be. Also, a speedboat is more costly to insure than a fishing boat, and a yacht is significantly more expensive than a sailboat. Finally, insurance companies will also consider the weight and length of the vessel to calculate the price.
  4. Navigational patterns — Inland travelers generally pay lower costs than boat owners who regularly take their vessels out to sea. The insurance company typically places limits on where you can sail, and such restrictions are placed on the contract.
  5. Your location — Florida has one of the highest boat insurance premiums due to its coasts. The overall cost of living will also play a part in the final price. Also, using your boat as your primary residence will jack up your payments to your insurer.
  6. The type of insurance — As explained earlier, the agreed-upon value is more expensive than the cash value. Also, it matters if you customize your insurance to include your personal belongings and other potential occurrences beyond the scope of a basic plan. If your policy has too many riders, you will definitely pay more.

It’s difficult to write down all the factors the insurers consider when computing your boat insurance premiums. For instance, some insurance companies will even include the gender of the boat owner as a risk factor.



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Top Truck Insurance Raleigh, Best Auto Insurance Raleigh, Best Auto Insurance Wake Forest, Best Auto Insurance Near Me. Direct Auto Insurance Raleigh,

Top Truck Insurance Raleigh, Best Auto Insurance Raleigh, Best Auto Insurance Wake Forest, Best Auto Insurance Near Me. Direct Auto Insurance Raleigh,

When your business is in the trucking industry, getting insurance should be your top priority. It saves you from catastrophic financial damages when something goes array that involves your people or your vehicle.

The first thing is to understand how truck insurance works. Here are 9 of the most crucial things you need to know.

1. Truck Insurance Should be Black & White

Before signing any insurance papers, you must know what is good or bad for your business. Transparency is key between you and your insurance representative or broker.

As the business owner or operator, read, research, and understand what you sign. Everything written in your policy must be explained to you by your broker.

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The representatives will have to give all possible scenarios and the limitations of the insurance policy you plan to get.

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2. Stability is Key

A stable company has active insurance. Buying truck insurance protects your business, your employees, and you. Truck drivers will not work for an unstable company.

You can only hang employees for a short time and tell them that we must wait for our insurance before accepting any cargo deliveries. You have to be one step ahead.

Choose and research an insurance policy before purchasing trucks, hiring drivers, and accepting job orders.

3. Talk to a Truck Insurance Specialist

It would be best if you talked to a specialist who has been explicitly handling truck insurance.

Doing this will give you an edge since they have been to many scenarios, and they have the experience. They can even give you tips and help you understand truck insurance better.

4. Talk to Your Representative in Advance

Always make yourself aware in advance when the expiration of your policy is dated. Policies need a renewal every year. Discuss the changes of the revival of the new policy, whether it regards your carrier, your maximum approved coverage, and other things that concern your company’s safety.

5. What are the Different Categories of Truck Insurance?

There are several types of truck insurance, and they all have different applications and features.

Liability or General Liability Insurance

This insurance covers damages or injuries where accidents occur. For example, when you are involved in a car accident, a building, or a structure has been hit, you will have a coverage amount that would depend on your policy.

Cargo Insurance

This kind of insurance is usually worth $100,000. It covers the cargo you are carrying or hauling. Insurance will occur when you lose it, break it, or have other unwanted accidents with cargo or freight.

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Discuss with your broker what will be inclusive and exclusive in this. For example, some carriers do not insure electronics, while some do. Therefore, the inclusion varies; discuss this with your truck insurance broker or specialist.

Physical Damage Insurance

This insurance covers the trucks that you are using. The physical damage insurance pays for vehicle or truck replacement, repairs, total loss, debris removal, or towing when needed.

Non- trucking Liability Insurance

This insurance applies when operators use the trucks without being on official business or under a job order when the trucks or truck owners have it for personal use and get into an accident.

Trail Interchange Policy

A policy like this is good if you use different trucks or hire other trucking companies to haul cargo. It covers the physical damage that happens during the job, like theft, vandalism, or collision.

Accidental Occupational Insurance

Insurance like this is when you get an injury at work. You can get coverage for disability, injuries, or payouts when an incident happens during work.

6. What Should You Prepare for Insurance Approval or Get a Higher Insurance Value?

The insurance company will check your credit or debit. So make sure you have good credit. They will also check driving histories, such as if you have a DUI record or any road-related accidents.

Age is also going to be a factor. There are different insurance coverage rates for policyholders over 35 years old, under 35, or under 25 years old. Lastly, they will investigate where you live or check where you park your trucks.

7. Weight the Choices You Have

There are several insurance companies for policy shoppers. Like when we shop, we look at all the options and select the best one.

It would be good to talk to several brokers or representatives and hear what they have to offer.

8. Why Are Policies Revoked?

Listed below are several common reasons why no one renews policies after expiration;

  • Being always involved in accidents
  • Violations severity
  • Rapid Company growth (the number of drivers and trucks you add in such a short period)

9. Insurance is More Essential Than the Truck

We can never predict accidents when it happens. That is why various truck insurances exist. They help in resolving problems and mitigating and even preventing company losses.

It is essential to get truck insurance because companies and businesses lose serious money if they do not have one.

Even big companies declare bankruptcy because they do not have insurance and renewed policies.

Act now, talk to a trusted insurance company, and do what you can to prevent unpleasant incidents.


Cyber Security Insurance Raleigh

Cyber Security Insurance Raleigh. Cyber security awareness has become vital in today’s highly digital world. With cybercrime complaints like phishing and data breaches reaching 847,376 in 2021, protecting your private information online has never been more relevant. In fact, cyber security awareness month is celebrated every October for this specific purpose.

Thankfully, you can protect yourself from cybercrimes by getting the best insurance Raleigh policy that offers cyber security insurance policies. These policies cover extra expenditures caused by the destruction or theft of information technology assets.

However, to better protect yourself and your assets against cybercrimes, you must be prepared and adopt cyber security measures. To get started with these measures, it’s crucial that you understand everything about cyber security awareness.

What is Cyber Security Awareness?

Cyber security awareness is being conscious of the safety of your online information and activities every day, whether at home or work. Doing so is crucial because it’s apparent how danger lurks in every corner of the world wide web. For example, a simple click of an innocent-looking link can bring you to suspicious websites, and downloading something from your email can actually compromise your data.

Zacharko Insurance – cyber security awareness

You need to be aware of these dangers to protect yourself and your property. But how can your awareness save you from a cyber-attack?

With the continuous rise of cybercrimes each year, you need to take certain measures to ensure the security of your online information and transactions. If you’re not careful, hackers can cause significant damage to your assets, or they can cause a breach in your company’s system.

However, if you are well educated about possible cyber incidents, you will know what to do when something fishy comes, significantly reducing the risk of a security breach.

To be effective in your strategy against cybercrimes, you need to undergo cyber security training (if you run a business, make sure your employees are trained as well). Additionally, you need to be updated with new developments in cybercrimes and the latest tips and tricks to prevent them. Getting the best insurance Raleigh policy to cover you against threats toward your computer information and property is the next level of protection.

Cyber security awareness ultimately boils down to using you understanding how to take measures that prevent cyber-attacks and educating others about them. Being consistent with cyber security practices and getting yourself insured with the best insurance Raleigh policy can be your strategy in stopping the spread and counteracting the effects of cybercrimes.

Home Insurance Raleigh NC. Allstate Insurance Raleigh NC

Home Insurance Raleigh NC. Allstate Insurance Raleigh NC

Home Insurance Raleigh NC. Allstate Insurance Raleigh NC

Being first-time homebuyers is an overwhelming experience. As if that’s not enough, choosing the right home insurance 27615 makes the process even more stressful. Do you have to get insurance for your home? Which insurance company can help you the most? What if you don’t get enough coverage for your property? These are just some questions you might ask yourself.

Home Insurance Raleigh NC. Allstate Insurance Raleigh NC

But no matter how daunting it can be, one thing is clear: home insurance 27615 is a necessity and not a luxury. It is the best thing to protect you and your property from damage, theft, and other untoward incidents. So, naturally, you would want to get only the best homeowners insurance policy and enjoy the proper coverage.

However, as a new home buyer, it’s understandable how confusing things can get. And you might not know where to start. So, let this guide help you choose the home insurance that’s just right for you.

Learn about different home insurance policies early on and make a comparison.

There’s no shortage of homeowners insurance and insurers in Raleigh. And that’s what makes choosing the right insurance even harder. However, if you start researching early on, you will end up with the one policy that perfectly fits your needs and budget. Always know your options and make a comparison when it comes to prices, coverage, and client feedback.

Home Insurance Raleigh NC

Know the amount of coverage your home needs.

Replacement cost and market value are two different things. But when it comes to insurance coverage, the replacement cost is what you need to determine. Thus, you must know exactly how much you need to replace or repair your property if it incurs damages. If you want your policy to cover all costs, you need to get insurance to cover at least 80% of your home value.

Identify additional coverage you may need.

Certain circumstances are not covered in a standard home insurance policy. And you need to know what these are, so you can get additional coverage if you anticipate them. Or, you can get umbrella insurance for extra liability coverage.

Think about insurance bundles.

Many insurance companies offer home and car insurance bundles. These deals come with significant discounts, and you can enjoy savings on your premiums.

Home Insurance Raleigh NC5

Home Insurance Raleigh NC5

Home Insurance Raleigh NC5

When you’re not sure of things, the best thing you can do is ask experts and do your research. Then, armed with the proper knowledge, you can complete the steps above and end up with the home insurance 27615 that you need.

5-star auto insurance Raleigh

5-star auto insurance Raleigh. Cheap Auto Insurance Raleigh

When you research auto insurance Raleigh policies, one thing you will encounter is use-based insurance. This type of insurance is still relatively new but has gained tremendous popularity among car owners. However, many are still confused about it and wonder whether it’s the right car insurance.

5-star auto insurance Raleigh

What is use-based insurance? Use-based or usage-based insurance, from the name itself, means that your premiums are based on how safe you drive. It uses telematics to gather information about your driving habits, including your driving speed, acceleration, braking, mileage covered, and usual driving time. Your driving scores is derived from these stats. The better your score, the better your insurance rate, meaning you can pay lesser premiums if you drive safely.

5-star auto insurance Raleigh. Cheap Auto Insurance Raleigh.

Why should you consider use-based auto insurance Raleigh? Here are four reasons.

Use-based insurance offers lower premiums

Most car insurance offers up to 25% discounts for car owners who choose the use-based type of insurance. So, if you’re generally a safe driver, you can pay significantly lower premiums than other insurance types. Moreover, low-risk driving habits, such as driving outside the rush hour, can qualify drivers for more discounted rates. Thus, through use-based insurance, you can reduce your car insurance bill.

Drivers are encouraged to drive safer

Once you choose use-based insurance, you often get tips for safe driving along with your driving score. When your driving score is good, you can enjoy discounts on your premiums. And since many drivers want to qualify for lower car insurance bills, they try to adopt safer driving habits, such as fewer sharp turns or hard brakes and not exceeding speed limits. This advantage works because drivers drive safer and insurance companies pay lesser insurance claims.

It becomes easier to track stolen cars

The use of telematics, specifically GPS technology, in use-based car insurance provides data for quick tracking of vehicles. In cases where a car gets stolen, telematics can help locate and recover it.

Telematics helps investigate car accidents

Use-based insurance utilizes telematics to monitor driving habits. And since data is gathered, it can be readily accessed when accidents happen. Using the available information, insurers can determine which driver is liable for damage and injuries, thus honoring the correct insurance claims and identifying frauds.

There are many reasons why usage-based auto insurance Raleigh has become widely popular today. Aside from paying lesser fees, car owners also become safe-conscious drivers and enjoy other benefits. If you’re still exploring auto insurance options, this might be one to heavily consider.

Read about 4 tips for first time home buyers.