Month: May 2023

Questions to Ask Your Agent Before Purchasing Home Insurance

Posted on by AgentInsure

At Cross Creek Insurance in Hope Hills, NC, we offer home insurance to help protect your investment. We recommend asking these four questions when you are ready to purchase a homeowner’s policy. 

Am I Required to Buy Home Insurance?

North Carolina law doesn’t require you to buy home insurance. However, most mortgage lenders do require it. If you have a mortgage or lean on your home, contact your lender to learn their requirements before purchasing a policy. 

What Perils are Covered by the Policy 

A peril is an event that can cause damage to your home. A standard homeowner’s policy covers many potential disasters, including fire, theft, vandalism, storm damage, smoke damage, and explosions. 

A standard homeowner’s policy does not cover earthquakes and flooding. You may need separate policies to cover these perils. 

What Property and Possessions are Covered

Your policy will cover the structure of your home and your possessions within the home, up to the coverage limit. If you have very valuable items, discuss your coverage limits. You may need a policy rider for expensive items. 

In addition, your policy covers other structures on your policy. This includes sheds, freestanding garages, and fences. 

What is Covered Under Liability

Most homeowners purchase a policy to protect their home’s structure and belongings. However, your homeowner’s policy also covers liability. 

If someone is injured on your property or their property is damaged, your homeowner’s policy will cover the costs of medical expenses or replacing damaged items. 

Home Insurance at Cross Creek Insurance

If you need a homeowner’s policy in Hope Hills, NC, contact us at Cross Creek Insurance. Our agents are ready to discuss your needs and answer any questions you may have. 

Types of Auto Insurance Explained

Posted on by AgentInsure

North Carolina drivers are required to have auto insurance. At Cross Creek Insurance in Hope Hills, NC, we offer auto insurance policies. We keep you legal and help protect your assets. We believe it’s essential to understand your auto insurance options. 

Liability Auto Insurance

Liability auto insurance is required by North Carolina law. If you are at fault in an accident, liability coverage will cover the costs up to the coverage limit. 

Property damage liability covers damage to other drivers’ vehicles. Bodily injury liability covers physical injuries to other drivers and passengers. 

Liability coverage also includes uninsured motorist coverage. If you are not at fault in an accident, but the other driver has no insurance, this portion of the policy will cover damage to your vehicle and medical expenses you have up to the coverage limit. 

Comprehensive and Collision Coverage 

Comprehensive and collision coverage is also known as full coverage insurance. Collision coverage will pay to repair or replace your vehicle if the accident is your fault. 

Comprehensive coverage covers damage to your vehicle when it’s not in operation. This includes storm damage, vandalism, and theft.

This type of coverage isn’t required by law. However, if you have a lien on your vehicle, your lender will probably require you to have this coverage. 

Gap Coverage 

If you own a newer vehicle, you should also consider gap coverage. If you have a lien on your vehicle and it’s totaled, the car’s value may be less than your loan amount. 

Gap coverage will cover the difference, so you aren’t left with a loan balance. 

Auto Insurance at Cross Creek Insurance 

If you need auto insurance in Hope Hills, NC, contact us at Cross Creek Insurance. Our experienced agents will discuss your needs and help you select a great auto policy for your situation.