Understanding Commercial Flood Insurance in North Carolina

If you’re reading the news, you’re seeing stories of catastrophic flooding across the U.S. From Kentucky to Florida, significant flooding events have caused untold damage to homes and businesses, and it’s clear that protection against these risks is essential. Cross Creek Insurance wants you to be protected when it comes to flood risk near Hope Hills, NC. Here are some tips you need to know.

North Carolina Insurance Coverage

According to the North Carolina Department of Insurance, flood and earthquake coverage is not part of most typical insurance policies. While earthquake policies can be private add-ons, flood insurance is legally required to go through the National Flood Insurance Program (NFIP). The NFIP sets flood insurance rates and designates which locations are eligible for flood insurance by county and zip code.

Additional Business Insurance

While you cannot get direct flood insurance outside of the NFIP, many business insurance policies may support you if you fear flood risk in a non-traditional flood area. Business insurance policies can often be expanded to insure against loss of product and revenue. Property insurance can help support risks to your building or store inventory. Loss of Use style policies can help support your business if you are forced to close for any reason. Liability policies can help protect against risk or injury to a person and your damaged property.

Many businesses bundle policies with a qualified insurance agent, often called a comprehensive policy. These bundled policies can help protect against damage in all areas of your business, from flood to fire. Cross Creek Insurance experts can help ensure you aren’t missing any critical areas of coverage for business in Hope Hills, NC. Contact us today.

How to Decide on Life Insurance in Hope Hills, NC

Life can throw many curve balls our way, and sometimes it’s hard to know what kind of life insurance policy is right for us.

Here are a few things to think about when you’re trying to decide on life insurance in Hope Hills, NC:

What is Your Current Financial Situation?

This includes things like your income, your debts, and your overall financial goals. You’ll want to ensure you have enough life insurance to cover your debts and final expenses, but you don’t want to over-insure yourself and miss out on other financial opportunities. Your Cross Creek Insurance agent can help you determine how much life insurance you need based on your current financial situation.

What is Your Family Situation?

Do you have a spouse or partner? Children? Other dependents? Your life insurance policy should protect your loved ones in the event of your death. If you have a stay-at-home spouse, you’ll want to make sure they have enough money to pay certain expenses, such as the mortgage or child care, in the event of your death. If you have adult children, you may not need as much life insurance, but you’ll still want to ensure they’re taken care of financially in case of your death.

What is Your Lifestyle?

Your lifestyle choices can impact your life insurance needs. If you have risky hobbies, such as rock climbing or bungee jumping, you may need to purchase a more expensive policy with higher coverage. If you smoke cigarettes, you’ll also pay more for life insurance.

Our lives are constantly changing, and so are our life insurance needs. It’s important to review your life insurance policy every few years to ensure it still meets your needs. If you have any questions about life insurance in Hope Hills, NC, or if you need to review your policy, contact Cross Creek Insurance today. We’re here to help you make the best decisions for your family.