hope mills

Does Home Insurance Cover Trampoline Injuries?

Posted on by AgentInsure

Trampolines are a popular backyard attraction. They provide hours of fun for kids, and everyone in the neighborhood will want a turn. However, they are also known for causing occasional injuries. So, does home insurance cover trampoline injuries in Hope Mills, NC? The answer isn’t straightforward.

Who Was Injured?

The person injured on the trampoline plays a key role in determining which insurance company is responsible for covering expenses like medical bills. Personal medical insurance typically covers injuries if the person lives in the house. However, homeowners’ insurance may cover medical expenses and other costs if the person injured doesn’t live in the home.

Type Of Insurance Coverage

Home insurance may or may not cover injuries and liability expenses, depending on your level of coverage. Homeowners with the bare minimum coverage may have opted out of things like liability and personal injury coverage, and won’t have insurance coverage for the incident. Homeowners should always take the time to speak with a professional insurance agent at Cross Creek Insurance to understand what coverage they have.

Coverage Limitations

Home insurance has limitations, just like car insurance. Many insurance policies will only pay out so much for bodily injury or liability, including liability lawsuits. Homeowners will be responsible for expenses that exceed their policy limits. Many insurance companies offer additional coverage options if you’re worried about trampoline injuries.

Minimize Liability

Preventing lawsuits and injuries is the best way to protect your finances. Notify insurance agents in Hope Mills, NC, that you have a trampoline and ask for their advice. Have adults, including parents of children, sign a liability waiver before letting them play on the trampoline. Ensure you follow standard safety precautions, like having a safety net and spring covers, to minimize the risk of injury.

Many insurance policies specifically exclude trampolines. Others may provide coverage if specific safety conditions are met or require additional liability insurance. Contact an agent at Cross Creek Insurance to learn whether your policy will cover injuries.

Does Auto Insurance Cover Accidents Caused by AI Assistance?

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In recent years, artificial intelligence (AI) driving features have become increasingly prevalent in vehicles driven in Hope Mills, NC. One of the most common features is semi-autonomous driving, which allows drivers to take their hands off the wheel on certain designated highways. Manufacturers like Ford, Volvo, and others have included such features in their higher-end models. Cross Creek Insurance can help you understand the coverage implications for accidents involving AI driving technology.

Who is Liable for an AI Accident?

Fully or partially autonomous vehicles have been involved in high-profile accidents across the United States. However, legal experts indicate that the liability in these incidents is unclear. Typically, the driver of a vehicle that causes an accident is deemed liable due to negligence. When a car accident occurs due to human error, the liability portion of your policy will cover damages. But if the vehicle was in autonomous or semi-autonomous mode, the driver may not be negligent. This situation could shift the responsibility for the accident to the vehicle’s manufacturer.

How AI Cars Will Impact Insurance

Currently, the liability portion of your auto insurance policy will pay for damages incurred in an accident involving a semi-autonomous or autonomous vehicle. This scenario could change as more accident claims pass through the courts and insurance companies. Cars with AI driving technology may eventually require specialized policies or product liability clauses that cover damages from AI mishaps. When this happens, you may see a corresponding decrease in comprehensive coverage. In the meantime, ensure you have sufficient liability coverage for your vehicle if it has AI technology.

Cross Creek Insurance, serving drivers and residents of Hope Mills, NC, can help find an auto insurance policy that fits your needs. Call our office today to schedule your appointment.

Could My Home-Based Business Benefit From Commercial Insurance?

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Most individuals running businesses from home understand the importance of separating their home and business finances. They also recognize the need for adequate home insurance, yet many fail to insure their home-based businesses properly. If you live in or near Hope Mills, NC, and need an insurance plan for your home and business, consider working with the team at Cross Creek Insurance.

Work-from-Home and Insurance

Home-based businesses come in many forms, but almost all possess office electronics and possibly furniture. Some keep tools and equipment or maintain inventories and supplies at home. As these businesses grow, the value of these assets increases, as does the need for proper insurance. Additionally, growing businesses often have many other insurance requirements.

If you have a home-based business, it’s important to note that home policies typically cover only $2,500 in business assets. Business assets kept at home that are worth more than $2,500 require additional insurance, often in the form of a commercial insurance policy.

If your home-based business is small, a rider on your home policy may suffice, though these generally cap at $5,000. When your business assets exceed $5,000, or your business requires professional, liability, or other commercial insurance, you should consider commercial insurance.

Companies with revenues of $250,000 or less can obtain simple in-home business insurance that provides property, liability, and other commercial insurance elements. Alternatively, businesses with revenues exceeding $250,000 may find a Business Owner’s Policy (BOP) more suitable. Home-based businesses with employees can obtain a BOP that includes Workers’ Compensation coverage.

Working with Cross Creek Insurance

The team at Cross Creek Insurance serves homeowners and businesses in Hope Mills, NC. Contact us today at (910) 423-2900 to schedule an appointment so we can develop an insurance plan that meets all your needs.

What Type of Life Insurance is Right For Me?

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Life insurance comes in various forms. Understanding these different types can assist you in selecting the right policy for your needs. If you’re unfamiliar with the types of life insurance, your insurance agent at Cross Creek Insurance, servicing Hope Mills, NC, can help you identify the most suitable life insurance policy for you.

In this article, we’ll explore the different types of life insurance. If you have any questions, we’re here to assist.

What Are the Different Types of Life Insurance?

There are four primary types of life insurance:

  • Term life insurance: This type of life insurance lasts for a specified period, typically up to 30 years. The death benefit is fixed.
  • Whole life insurance: Whole life insurance is a policy that lasts as long as you continue to pay your premiums, until your death. The death benefit is fixed.
  • Universal life insurance: This type of life insurance lasts as long as you pay the premiums. Premiums can vary, and the death benefit is not fixed.
  • Final expense insurance: This type of life insurance policy is designed to cover the costs of the funeral and associated end-of-life expenses.

How Can I Choose the Right Life Insurance?

Before you can select a type of life insurance that suits your needs, it’s crucial to understand your goals and options. The agents at Cross Creek Insurance, servicing Hope Mills, NC, can help you choose the right insurance policy for your needs. We can answer your questions and help you understand the various options. Contact us today to schedule an appointment and speak with our insurance professionals.