How Whole Life Insurance Works

When you have people who will be left behind after you pass away, it’s important to have life insurance to give them a helping hand. This is especially important for anyone who is dependent on either your salary or your services. Whole life insurance is one type of life insurance that is popular for its many advantages. Find out what whole life is and how it works. If you need coverage, call us today at Cross Creek Insurance in Hope Hills, NC.

Insurance for Your Whole Life

Term life insurance is a type that is good for one set term such as 20 years. However, whole life insurance is good for the rest of your life as long as you keep paying the premiums as agreed. As long as you keep up the payments, it will be there for your loved ones no matter how old you become. This insurance is often preferred for just this reason. With term insurance, you would have to shop for a new policy after the term ended, and that would be at a much higher rate. With whole life insurance, you can keep it for as long as you want it.

Building a Cash Value

Another reason that this type of life insurance is so popular is that it builds a cash value over time. This means that after a few years, the policy will start to include a portion of the proceeds that it earns through your policy into a cash value that you can then borrow against. This can solve a serious financial problem if you need quick access to cash sometime in the future. 

Get Your Life Insurance Policy

If you are interested in a whole life policy, contact our office today at Cross Creek Insurance in Hope Hills, NC.

Required Commercial Insurance in North Carolina

When you have a business in North Carolina, there are certain types of commercial insurance that you need to have. These keep you compliant with the law as well as protecting you financially if something should go wrong. If you need any of your required commercial policies or one that is smart to have but not required, call us at Cross Creek Insurance in Hope Hills, NC.

Workers’ Compensation Insurance

When you have a business that has three or more employees, you have to have workers’ compensation insurance. The employees that you have might be part-time or full-time. This coverage pays for the medical bills and other expenses, including lost wages, that may be due when an employee gets injured at work. Injuries on the job are ones that your business is liable for, and having workers’ compensation insurance makes it unnecessary for employees to sue you after an accident. 

Commercial Auto Insurance

If your business owns a vehicle, that vehicle must have a commercial auto insurance policy. This coverage is required to have different types of liability insurance. It must include at least a certain amount of bodily injury liability for when one person is injured in an accident that your driver caused. There is also a required amount for two or more people who are injured in an accident caused by your driver. There is also a minimum amount required for the damage to another person’s property, called property damage liability. For trucking companies, there may be other coverage types required in order to stay compliant with regulations. 

Get Commercial Coverage

If you have a business and you need commercial insurance, give us a call at Cross Creek Insurance in Hope Hills, NC. Talk to an agent about your specific business and find out what kinds of insurance you may need.

Staying Protected With Home Insurance

When you own a home, it’s vital that you have home insurance to cover both it and you. It provides a number of important protections that can save you financially if they are needed. In most cases, mortgage lenders require you to have this insurance. If they don’t, it’s still a smart idea to get this insurance to stay protected against a wide range of risks that can occur. To find out more, call us at Cross Creek Insurance in Hope Hills, NC.

Protection for Your House

One of the most important protection types with a home insurance policy is the protection for the home itself. This coverage type is enough to rebuild the whole house if it becomes necessary after a major incident occurs. If a covered incident happens, such as certain disasters and accidents, your home policy can pay for the needed repairs to your home. This can be worth hundreds of thousands of dollars, depending on how much the repairs cost and what the home is worth. This is important coverage for all homeowners. 

Protection for Your Possessions

All of your possessions that are inside the house add up to a lot of value, and your home policy protects those as well. It allows your home policy to pay to replace items that are damaged in covered incidents. In some cases, it may pay for repairs of items that can be salvaged. This type of coverage is needed because of the large cost of all of your items when you add them together, and it could be excessively expensive for you to replace them all without this coverage. 

Get Your Home Protected

To get your home insurance policy, give us a call now at Cross Creek Insurance in Hope Hills, NC to find out more about this coverage and to get started. 

Types of Car Insurance

When you have to get car insurance, you may be confused by all of the different types of coverage. You may only want to get the state minimum amount of insurance, though it may be a better idea to get more than that. 

Here are some of the types of car insurance that you may want to look into. 

Liability insurance is basic car insurance. This covers any damage that you have caused to others. It pays for their medical bills, along with any property damage. 

Collision insurance covers the damage to your car if you are in an accident. It will pay the money to fix your car. If it is totaled, it will pay you the estimated value of the car so that you can get a new one. 

Uninsured or under insured insurance is good to have, in case you ever get in an accident with someone who doesn’t have enough insurance. It will take over once their insurance stops. If they don’t have any, it will pay all of the expenses. 

Comprehensive insurance pays for any damage that occurs to your car when it is parked. This may include things that happen due to the weather, such as flooding, storms, hail, and even fire. It will also cover theft and vandalism.

Personal Injury Protection (PIP for short) covers your own medical expenses if you are injured in an accident. It may even help with lost wages if you are unable to work. 

If you want to make sure that you have the best policy for you and your family, don’t hesitate to contact us today at Cross Creek Insurance in Hope Hills, NC. 

Benefits of Choosing Term Life Insurance over Permanent in North Carolina

There are many benefits of choosing term life insurance over permanent life insurance in North Carolina. The choice can seem difficult because there are many benefits to permanent life insurance as well.

At Cross Creek Insurance, we know that Hope Hills, NC residents have a lot of options when it comes to choosing life insurance. We can help you to choose the plan and the policy that is best for you.

What is the Difference Between Policies?

In term life insurance, you choose a policy that expires at the end of the term. You choose the coverage amount for your budget, with a term of 5, 10, or 15 years. 

If you pass away during the term, the coverage is paid out to your beneficiary in one lump sum. This death benefit will cover funeral costs, income replacement, and pay for expenses for your beneficiary. 

Permanent life insurance is life insurance that has a cash value. This is considered an asset, from which you can collect dividends, withdraw from, or borrow against. It is typically more expensive than term insurance.

Benefits of Term Life Insurance

Term life insurance is excellent coverage for life insurance and offers traditional benefits of life insurance. The key benefit for the policyholder is that it is more affordable than premium life insurance. It also offers you a higher amount of coverage for a lower rate, with premiums that are set for the term.

The primary benefit is that it offers life insurance coverage at any time of your life when you have something to protect in the event that you pass away.

Get a Quote

If you are considering life insurance, term life insurance is a great start. At Cross Creek Insurance, we want Hope Hills, NC residents to know their options before they make the commitment. Call us for a quote today.

Why should I get commercial insurance in North Carolina?

Those that are in Hope Hills, NC and have a dream of being their own boss could find that this is a great area to start a small business. When you are looking to establish a business in this area, you will always want to know that you are properly insuring your company. There are a few reasons why you will want to have commercial insurance coverage for your business here.

Protect the Organization

A primary reason to have a commercial insurance plan is so you can protect your organization. There is a lot of work and investment that goes into building a company and you will want to ensure you protect it. Commercial insurance will offer you several valuable forms of coverage. This includes giving you coverage if you have assets that are stolen or damaged or if you are named liable in a lawsuit.

Ensure Compliance with Agreements

You will also want to have a commercial insurance plan to ensure you remain in compliance with any and all agreements. The average business in this area will sign many agreements that can require them to carry coverage. This can include agreements with investors, lenders, landlords, vendors, or other interested parties. Having a quality commercial insurance plan will keep you in compliance with all such agreements.

Those that want to get commercial insurance in the Hope Hills, NC area will always want to know that they are fully covered with insurance. As you are looking for protection in this part of the state, calling Cross Creek Insurance is very beneficial. If you do call Cross Creek Insurance, you can be assured that you will get the support needed to fully evaluate your commercial insurance and choose a plan that is ideal for your situation. 

Home Insurance – FAQ

If you are buying a home, you need to get home insurance as well. First, because it may be required by your mortgage lender. And second, because it is the most effective protection of your dwelling, yourself, and your personal belongings. If you are a first home buyer, you may find it hard to choose the right insurance. For this reason, Cross Creek Insurance serving Hope Hills, NC prepared a list of the most common questions with the answers about this insurance in order to help you make the right choice. 

What Does Standard Home Insurance Cover?

A standard home insurance policy covers the following things:

  • The structure of your home
  • Other structures on your property, including garage, tool shed, and gazebo
  • Your personal belongings
  • Additional living expenses if your home is temporarily is being repaired and you have to stay somewhere else
  • Personal liability
  • Valuable belongings (you may need additional coverage)

Is My Home Business Covered By Home Insurance?

Unfortunately, most insurance policies do not cover home business. Your policy may cover the replacement and repair of certain equipment or some other electronic devices that you use for your business, but in general, you will need separate coverage to protect your home business. 

What Else Is Not Covered By Home Insurance?

There are some other things that most likely will not be covered by your home insurance policy. For example, damages caused by floods are not covered, even though your insurance will probably cover water damage from a pipe. Therefore, if you live in a flood-prone area, it is recommended to get separate flood insurance. 

Cross Creek Insurance – Your Reliable Insurance Agency in North Carolina

If you are a homeowner from Hope Hills, NC or any other nearby town, and you are looking for home insurance to protect your home, yourself, and personal belongings, you should contact Cross Creek Insurance – a trustworthy insurance agency that will be glad to help you find the perfect policy addressing your personal needs. If you have any questions, do not hesitate to contact us. 

Why North Carolina Drivers Need Custom Parts And Accessories Coverage For Their Custom Vehicles

Cross Creek Insurance serves the Hope Hills, NC community. We offer our clients a wide range of policies to help meet their unique needs. We want to make sure that you are protected when an unexpected situation arises.

Why North Carolina Drivers Need Custom Parts And Accessories Coverage

As a Hope Hills, NC driver, you are expected to obtain auto insurance. There are a lot of variables at play while you are on the road. Auto insurance protects you if an unexpected incident occurs. It only takes a split second for you to collide with another vehicle. Collision coverage protects you in that situation. Comprehensive coverage protects you if your car is stolen or someone vandalizes it. Inclement weather frequently comes through North Carolina, and comprehensive coverage protects your vehicle if a tree falls on it or a flying object cracks your window. Liability coverage is also important. Liability coverage protects you if you’re responsible for someone getting hurt or your vehicle damages someone’s property. The policy also covers any injuries to a passenger in your vehicle.

There are special types of coverage you can add to your auto insurance policy. Custom parts and accessories coverage is an asset if you have made any upgrades to your vehicle. The most common custom accessories protected include special wheels, stereo systems, chrome, paint, and anti-theft devices. If your custom vehicle suffers damage, you are left unprotected if you don’t have custom parts and accessories coverage. Check the terms of your policy. You may need to have your custom vehicle appraised before moving forward.

Cross Creek Insurance Will Help You Protect Your Assets

Visit our website to learn more information about auto insurance.

Life Insurance Terms Everyone Should Know

Life insurance can be a confusing topic to figure out. Here are a few terms that will help you clearly speak the language of life insurance. For more details on these terms or on any other life insurance questions you have, trust the professionals at Cross Creek Insurance serving Hope Hills, NC to meet your needs.

Annuity: This pays out a fixed sum of money to the policyholder at regular intervals

Beneficiary: The person or people are chosen by the policyholder to receive the proceeds from an insurance policy if the insured dies

Death Benefit: Amount of money paid out to a beneficiary after the policyholder dies

Evidence of Insurability: Documentation provided during the application process to prove the health of the insured person.

Face Value: This is the amount of money that will be paid out when the insured dies. For example, if the insured purchases a $100,000 policy, that is the amount that their beneficiaries will receive.

Insured: The person that benefits will be paid out for in the event of their death

Life Insurance: When a policyholder pays premiums to an insurance company, and the insurance company agrees to pay the face value to the beneficiaries upon the insured’s death

Living Benefits: Advance cash payment of part of a policy before the policyholder dies. Provides financial assistance to the insured before their death

Policy Holder: The person who bought or owns the life insurance policy

Term: The amount of time that the policyholder is insured

Underwriter: The person or company that decides if a potential policyholder is insurable

To find out more about life insurance or get a policy, contact the team at Cross Creek Insurance serving Hope Hills, NC today!

Why do businesses in North Carolina need commercial insurance?

In the Hope Hills, NC area, there are a lot of opportunities for businesses to be successful. Those that are looking to build a business in this area of the state need to make sure they insure and protect it as well as they can. A great way you can do this is by getting commercial insurance, which offers several forms of protection. 

Stay in Good Standing with Requirements

An important reason to have commercial insurance in this area is so you can stay in good standing with your requirements. Those who choose to start a business may need to raise money from banks or investors and may want to lease a building to operate out of. In these types of agreements, there is almost always a requirement when it comes to maintaining commercial insurance. If you do not have this coverage, you will be out of compliance and could face penalization. 

Protect Solvency of Company

You also should get a commercial insurance plan as it can help to protect the solvency of your business. To start any type of business today, you will need a lot of capital to get it off the ground. Losing this investment due to an accident or unforeseen event can be very damaging. Due to the coverage it provides, a commercial insurance plan can help to protect this solvency.

As you are looking for a commercial insurance plan in the Hope Hills, NC area, it would always be a good idea for you to speak with a professional. The team with Cross Creek Insurance offers the support needed to build a proper plan. Cross Creek Insurance can help by carefully evaluating and assessing your situation and helping you build a plan that will meet your needs.