How to Make Sure Your Homeowners Insurance is Adequate

Most homeowners rarely think about their home insurance except for those rare times when they actually may need it. The unexpected is what catches everyone off guard. Home insurance benefits from an annual review as part of general home maintenance and protection. Talk with your agent at Cross Creek Insurance serving Hope Hills, NC and the surrounding areas at least once per year to get good advice.

Here are some tips of what to consider when making sure home insurance coverage is adequate:

  • Carefully Assess Risks and Coverage: Update the replacement cost amount that is insured by using cost estimation software with the help of your agent. Make sure the software calculates the replacement value using current construction and repair costs for the area where the home is located.
  • Extend Standard Policy Coverage: Basic home insurance coverage is usually not enough. If the home is located in a high-risk zone with a greater risk of having natural disasters such as floods, hurricanes, tornados, and earthquakes, having additional insurance for these special risks is a very good idea. Potential damage from hail during thunderstorms should be covered if that risk exists. Also, consider extended replacement cost coverage for these risks because reconstruction, after a natural disaster, is more expensive due to the high demand for services following such an event.
  • City Sewer Backups: Often overlooked, is insurance coverage for damage caused by municipal sewer systems that back up. Cities will older sewage systems can clog up and the sewage may run back into a home causing damage during severe thunderstorms.
  • Expensive Personal Items: Valuable personal items in a home may not be covered, or the coverage may be limited, and they may need to have specific insurance protection.

Ask your agent at Cross Creek Insurance in Hope Hills, NC about these risks to make sure you have adequate coverage.

What You Should Know before Loaning Out Your Car

If you are loaning out your car in Hope Hills, NC, you may think it’s no big deal. However, there are certain insurance aspects you should know about first.

Car insurance will cover the vehicle, not the individual driver, so if you lend your car to your friend and he or she gets into an accident, then your liability coverage pays for the damages. You are also responsible for filing the claim, paying the deductible, and suffering any rate hikes. The only exception is if you never gave permission to your friend. Express permission is important. If a friend takes your car without permission, then their insurance could be used first and yours second.

You should check to see if your friend is insured before handing over the keys. Your insurance is going to be the primary coverage if an accident occurs, but if your policy maxes out, your friend’s insurance could supplement and be the secondary coverage.

You should ask what your friend is planning to do with your car, because it could invalidate your insurance coverage. For example, if your friend is planning on driving with Uber or another ride sharing service while their car is in the shop, your policy likely won’t cover an accident because the car was being used for commercial purposes.

If you are going to be frequently lending out your car to a certain friend, it may be worth it to add them to your own policy. Adding new drivers can affect your rate, depending on their driving record. Those with bad records might hurt your rates, but a good driver could actually help. Speak with an agent at Cross Creek Insurance about adding new drivers to see how it affects your rates.

Contact an agent at Cross Creek Insurance serving Hope Hills, NC to get a quote on auto insurance.

At What Age Should I Get Life Insurance?

If you are thinking about getting a life insurance plan, it’s essential to know that there isn’t a set magic age for buying this coverage. Whole life insurance plans are best bought at the youngest age possible while term coverages are often purchased to offer protection for a specific time-constrained obligation. This may include providing a child’s college tuition fees in case you pass on before they get to college.

Some people choose to get both policies so that one portion can offer protection for the unknown future while the other covers different financial obligations that happen as the policy holder’s family grows. You can always get a life insurance plan from Cross Creek Insurance. We serve the entire Hope Hills, NC area and its environs.

What’s the best time to get a whole life coverage?

The perfect time to start a whole life coverage is when your kid is born. A whole life policy accrues value over time, so buying one for your child will give the protection they need during their later years. By the time your child is ready to leave home, the plan will have accumulated adequate funds that can be borrowed against the coverage to buy a house or overcome an unexpected hardship.

Basically, the younger you are when buying a life insurance coverage, the lower the premium costs will be. Since the average people’s lifespan has increased, the standard length of life insurance plans increased as well. This means that the risks of paying out a claim prematurely are lower today than before.

What’s more, there will be more time for a young one to pay premiums compared to a 60-year old person, meaning that the premium costs will vary significantly. But this doesn’t mean that old people shouldn’t get life insurance plans even if it’s for nothing more than paying for their funeral expenses when they pass on.

At Cross Creek Insurance, we can offer life insurance plans regardless of your age. Contact our Hope Hills, NC office today.

How many kinds of insurance does a small business need?

Business owners in Hope Hills, NC recognize the value of the community, which is thriving and supportive of small businesses.  Cross Creek Insurance works hard to make sure our small business customers have what they need when it comes to protection. 

Operating a business has so many kinds of risks, and different kinds of insurance policies address the different and distinct areas. Businesses are especially vulnerable because they have so many contacts with the rest of the world, and a simple slip and fall on the property could cause enough damage to pit some small businesses deep in the red.

Various Kinds of Insurance 

You will need insurance for the property, whether you rent or own it. Even if you work from home, you may need special insurance because homeowners insurance usually doesn’t cover business-related damages or injuries. General liability insurance helps protect against incidents like slip and fall injuries on your property. 

If your business uses automobiles, there is commercial auto insurance available. Product liability will protect you if someone is injured by one of your products. If you are a professional, we offer special insurance for damages that occur as a result of your professional advice. 

Save Money With a Business Owners Policy

You can save money by bundling some of your insurance needs into a BOP. Business owners in Hope Hills, NC may be eligible to combine the property and liability portions into one policy, which is also more convenient. 

There are also other kinds of insurance you may want to take advantage of, depending on your circumstances. Call Cross Creek Insurance where we can address your questions and give you a free quote that will address all your business liability needs.

 

Why Do I Need Home Insurance?

When you own a home in the Hope Hills, NC area, making sure that it is properly protected by insurance is very important. There are several reasons why you need to have home insurance on your property, which will help to ensure you are in compliance with a variety of parties.

Protects Your Asset
The main reason why you need to have home insurance is that it will protect your valuable asset. Your home is likely going to be the most valuable asset that you will ever own. Because of this, you will need to make sure that it is properly covered by insurance. This will provide you with protection in the event your home is damaged or destroyed.

Liability Protection
Another reason why you will want to have your home in the Hope Mills NC area covered by insurance is that it will provide you with liability protection. Liability insurance is a major component of all home insurance policies. This will provide you with liability protection in the event somebody is injured at your property and you are deemed to be liable.

Requirements
You will also need to have liability and home insurance policy because it is required by a number of different parties. First, if you have a home loan on your property, you will need to have it to stay in compliance with your mortgage. If you are part of a home association, you also like these will need to have a home insurance policy to stay in compliance with the association documents.

When you are looking for home insurance in the Hope Hills, NC area, you should speak with Cross Creek Insurance. The Cross Creek Insurance company can help you understand your requirements and get you into a policy that will meet your needs. 

Do You Have a New Teenage Driver in the Family? Make Sure They Have the Right Insurance Policy

Learning how to drive is an exciting rite of passage in our country, and the team at Cross Creek Insurance is here to help you ensure that your family has the coverage that you need to keep your family protected in the greater Hope Hills, NC area. While all insurance coverage is important, when you have a new driver in the family, it makes sense to take another look and make sure your policy is adequate.

Special Insurance Considerations for New and Teenage Drivers

Remember when you were starting out as a new driver? It can sometimes be difficult to remember the feelings of nervousness that can occur for new drivers. As you are looking for the appropriate car insurance policy for your teen, keep these points in mind:

  • Roadside assistance coverage is always a great add-feature to have
  • Fender benders and small dings and dents are a lot more common for new teen drivers than experienced adults
  • Teenagers tend to travel in packs, and it is not unusual for your young driver to have several friends in the car, warranting the need for sufficient passenger coverage

Learning how to drive and mastering this important skill can be a nerve-wracking experience, both for the driver and for you as a parent. Knowing that you have the appropriate car insurance policy in place for your teen driver can help to increase your peace of mind and help you sleep better at night!

Are you looking for the right car insurance policy for your family’s new teenaged driver? Contact Cross Creek Insurance today to set up a consultation; we are proud to work with the many fine people in the greater Hope Hills, NC area!

When Should You Get Life Insurance?

Life insurance can help protect family members left behind after death in Hope Hills, NC. Many young people do not think about life insurance because they are more concerned with the present time instead of the future, and no one wants to think about his or her premature death. The best time to purchase life insurance is at birth because, as each year passes, a policy becomes more expensive. When a parent purchases life insurance for a child, the policy is prepaid and then transferred once the child turns 18.

The cash from life insurance grows tax-deferred. When a policy is purchased at a young age, the money can be used as a down payment on a home or, if held onto long enough, it could be used to supplement retirement income instead of being used for death benefits. Since many people struggle with finances in today’s economy, many choose to skip life insurance. It is important to know that there are options available depending on needs. An agent at Cross Creek Insurance can help you with the right options for your situation.

If life insurance is not purchased when the child is young, it’s best to purchase it under the age of 35. However, many people in this category are more concerned with paying immediate bills than worrying about the future.

It can be costly to forgo life insurance at a young age. It’s usually much cheaper to purchase earlier in life. Not only can be it be more expensive, it can also be more difficult to acquire life insurance. As an individual gets older medical conditions can arise, which lead to higher premiums and the possibility that coverage could be denied.

Contact an agent at Cross Creek Insurance serving Hope Hills, NC to get a quote for life insurance.

Does Your Auto Insurance Coverage Damage Caused By Drunk Driving?

If you live in Hope Hills, NC and caused an accident while drunk driving, you may be worried about your insurance coverage. We at Cross Creek Insurance can assure you that some types of policies will help even if you are drunk driving.

If you have liability insurance on your car, then your policy will cover the accident you cause while driving drunk. That is the purpose of liability insurance: to cover problems that you cause in an accident. However, it will only cover the damage that you cause to others.

For example, if you seriously devastate somebody’s car in an accident and cause them any kind of injury, your insurance will pay for their repair and health bills. However, your liability coverage will have a limit and, if courts decide you must pay these expenses, you will pay the rest once your insurance is done.

And if you are convicted of a DUI offense or any other crime after the accident, your insurance rates will skyrocket. At that point, you are now considered a high-risk driver. While that label won’t stay on your record forever, it will be hard to shake. Thankfully, your policy will not be canceled by your provider because of an accident.

If you are not only drunk but driving recklessly (such as driving at extreme speeds), your legal problems are going to be huge if you are caught. However, your insurance company will still pay for any accidents you cause, as long as you have liability insurance.

The reasons they pay for both drunken driving and reckless driving accidents is simple. While these actions are against the law, you did not engage in them to cause an accident. Therefore, people injured by your actions will still get help from your policy.

Obviously, it is best if Hope Hills, NC residents simply avoid drunk driving completely. And if you live in the area and want great liability insurance, please contact us at Cross Creek Insurance today.

Top Tips for Marketing Your Commercial Property

Do you have commercial property in Hope Hills, NC that you would like to sell? If so, it is pertinent that you market your properties to your fullest potential. The better you market the properties, the more likely you will create a bidding war between potential buyers, which is an excellent way to drive up the selling price. For now, here is a quick look at two of the top tips for marketing your commercial properties.

Market Yourself Along With your Listings

The Internet has made it possible to make everyone’s voice heard. This may seem like an old trick but the latest ways to self-promote, like content marketing, is a big part of brand-building strategies. Even though today’s consumers on the Internet are being blasted by advertising languages on every page, there are ways to build your brand and increase notoriety through content marketing. To do this, you should start your very own web publication that focuses on commercial properties and why they make a good investment. In doing this, you can establish yourself as a leader in the commercial property real estate industry. Clients will then be more likely to view your commercial properties that are up for sale.

Video for Visual

Humans are visual creatures. You work hard on your listing, so why not vamp it up using video? There are two valuable advantages you’ll gain with video marketing. The first is that video adds a new dimension when it comes to exploring the property. It adds a better feel and depth, helping to inspire the viewer and giving them a feeling that they are actually in person looking at the commercial building structure and land you are selling. YouTube is a great place to publish and market your video listings and has proven itself time and time again as a solid form of commercial property advertising.

Contact Us Today

During the process of selling your commercial properties, you will need to maintain the appropriate type of insurance. To learn more about commercial insurance policies, contact the Cross Creek Insurance today serving the Hope Hills, NC area.

Does Homeowner’s Insurance Cover Home Based Business Claims?

As more people develop side-hustles to supplement their incomes from their day jobs, home-based businesses are popping up in many neighborhoods. It never occurs to many homeowners that, as the business grows, their insurance needs may change. These tips from Cross Creek Insurance will help Hope Hills, NC home and business owners make wise insurance decisions.

Don’t Make Assumptions

Don’t assume that your homeowner’s insurance will cover your business too.  In some cases, your business property won’t be covered in case of a claim, so a break-in, fire, or storm could leave you on the line for replacing expensive business items. Additionally, in some cases, using your home as a place of business may even invalidate your home insurance. Check with your insurance agent to develop an insurance plan that won’t leave you at risk.

Consider Limits of Liability

Look around your home office and tally up the full cost of your business related items. Computers, printers, inventory, and tools for your trade may add up to thousands of dollars invested in your business. Adding the costs these business items onto the costs of your personal property means that a total loss may exceed the maximum of liability coverage on your homeowner’s policy. A business policy or a business rider on your homeowner’s policy can help you avoid losing the hard-earned money you’ve invested in your business.

If Clients Come to Your Home Office, You Need Protection

If clients, salespeople, or co-workers come to your home office, you definitely need business liability insurance. If your visiting nephew slips on the stairs and sprains his ankle, your homeowner’s insurance will pay for medical treatment. But, if your client slips on the same stairs, it’s likely that your homeowner’s insurance will not cover his medical treatment. Protect yourself, your business and your clients by adding business liability insurance to your policy.

If you have more questions about the insurance needs of your home-based business in Hope Hills, NC, contact Cross Creek Insurance.