Auto Insurance Rates May Increase This Year

DATE
04.17.17

Slideshow-2-Auto-InsuranceDrivers in North Carolina could soon see an increase in their auto insurance. The hike is a result of a number of factors driving up the amounts paid out by insurance companies. Although the NC Department of Insurance has filed an appeal to challenge the proposed amount of increase, we are likely to see a change that could take effect beginning October 1.

Why the increase?
It would be difficult to miss the stories on the news related to accidents caused by distracted driving. We’re all aware of the perils of texting and driving. Auto accidents are increasing as more drivers purchase smartphones but fail to use them responsibly.

Another reason for an increase is simply that people are driving more. A robust economy and lower gas prices means people are hitting the road in greater numbers. Over the past couple of years this has attributed to a rise in auto accidents.

Finally, repair costs have skyrocketed due to advances in technology. Many vehicles now provide complex features that are very costly to replace.

How will this affect me?
The good news is that you are already using an independent agent (that’s us), so you’re on the right track! Each year, we review your policy when it renews to look for significant rate increases. We compare companies and check your coverage and discounts to ensure that you are getting the best policy at the right price. As the insurance industry adapts to a fluctuating economy and advancing technology, we will continue to monitor your policies and keep you informed on how the changes affect you.

Here’s a Tip: Take a Video Tour of Your Home

DATE
04.10.17
FloodWLOS recently featured an article about the importance of documenting the items in your home so replacing them is easier in the event of a loss. Filing an insurance claim after a devastating loss can be a difficult experience if you have no record of your belongings.

Taking a detailed video tour of your home is a quick, simple way to keep track of your items. You can even use your phone and upload the file to your cloud or to a thumb drive that can be kept in a secure location away from your residence.

If you prefer to work with a list, you can keep track of home inventory and even include photos using our mobile app. Download the app and click “Resources” to get started.

Rental Car Coverage

DATE
03.20.17

Slideshow-2-Auto-Insurance

Recently I found myself in line at a local car rental company. With two toddlers clinging to me, a line of people standing impatiently behind me and the rental company employee waiting eagerly for me decide whether to add coverage for my rental vehicle, I didn’t really have time to pause and do a google search for “rental car insurance.”

Like myself and so many others, you may have found yourself in a similar situation. If not, chances are you will sometime in the future. It’s a question we hear a lot: Should I buy coverage offered by the rental company? The answer is not always a simple one. Typically we do recommend the rental company coverage option. For a more detailed breakdown, check out our article about it.

While it is sometimes difficult to determine what coverage is available between the rental company, your credit card or even your own personal auto policy, there may be an option that could make the decision a little easier: adding rented vehicle coverage to your auto policy. If you’re a frequent renter, this is probably the best option for you. For a low additional fee to your annual premium this coverage, available to some existing auto policies, provides protection on all rented vehicles. Adding the option is easy – simply contact us to see if it’s available on your policy. We’ll be happy to provide a quote. If nothing else, it could help you avoid stress of a hasty decision in the rental car line.