Insurance protects what’s important to you, and if you have questions about your plan, getting the right answers is crucial. Whether you’re searching for an affordable homeowners policy or want to expand coverage on your automobile, the insurance brokers at the Zimmerman Insurance Agency in High Point will address questions on a wide range of issues. Below, they answer a few common inquiries they receive about coverage in North Carolina.

FAQs on Insurance in North Carolina

Do I Need Coverage for an Older Vehicle?

No matter the age of your vehicle, having a car insurance policy in place is highly recommended. Most states have laws regarding minimum coverage obligations, including North Carolina. Failure to have the proper policy in place can leave you open to penalties, including fines and loss of driver’s license.

Do I Need an Umbrella Liability Policy?

An umbrella policy expands existing liability insurance coverage, whether applying to your home, automobile or recreational vehicle. This type of insurance covers costs related to lawsuits, including medical expenses for third parties or legal costs incurred by going to court. While this coverage is not mandatory, it is helpful if someone is injured on your property or as a result of your negligence. Your insurance broker will recommend additional coverage you may need based on your lifestyle and budget.

How Can I Lower Homeowners Insurance Costs?

There are ways you can secure discounts on your home insurance costs. For instance, some companies offer a lowered rate when you buy multiple policies from them. You can also decrease monthly premiums by raising your deductible.

Is There a Difference Between Cash Value & Cost to Replace?

Cash value refers to the depreciated worth of whatever property has been damaged, which is less than the initial purchase price. Conversely, replacement cost refers to the amount needed to buy a new item, which is based on current prices.

If you have more questions about your policy, get in touch with Zimmerman Insurance Agency. The insurance brokers provide their clients the benefit of more than five decades of experience and know the ins and outs of coverage in North Carolina. To learn more about their policies, visit the team’s website. Schedule a consultation with an insurance broker or request a quote today by calling (336) 883-6512.