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Allen Insurance Agency

6835 Jordan Road
Ramseur, NC 27316

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What is additional living expense coverage on my homeowner policy?

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When it comes to a home insurance policy, many consumers seek the benefit of having their homes repaired or rebuilt in case of a covered peril. They are also concerned with repairing their fences, sheds, walls, barns, and other structures on their land.

Moreover, homeowners are often overwhelmed by the thought of losing their personal property in a fire, storm, or other covered peril. You all have items that have great sentimental value, not to mention your furniture, TVs, appliances, clothes, and other personal items you may have. However, at Allen Insurance Agency in Ramseur, NC, we find that one of the most underrated coverages available on a home insurance policy is the additional living expense coverage.

What is Additional Living Expense Coverage?

Additional living expense coverage (ALE) on your home insurance policy is a benefit that reimburses you for extra money spent to find lodging while your home is being restored. This great coverage provides financial support and convenience, allowing you to focus on getting your life back to normal. You can get reimbursed for hotel stays, temporary apartment rentals, and other short-term lodging circumstances you must pay for while displaced from your home.

Additional living expense coverage also covers the cost of meals for you and your family if you are displaced from your home after a covered peril and cannot use a kitchen to prepare meals.

Moreover, ALE coverage will cover the cost of excess mileage you are required to drive to and from your place of employment while away from your home while it is repaired.

Lastly, ALE has limits that equal a percentage of your home insurance amount. For instance, if you have $300,000 worth of insurance on your home, and your ALE will pay up to 10% of the amount of insurance you have, it would pay up to $30,000 toward your additional living costs. Rates and percentages vary by company.

Questions? We are here to help.

If you have any questions about your home insurance policy or want more information about your additional living expense coverage, call Allen Insurance Agency in Ramseur, NC, at (336) 824-4130 today.

The Importance of Uninsured Motorist Coverage

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At Allen Insurance Agency in Ramseur, NC, we understand that when consumers seek the proper auto insurance coverage for their vehicle(s), many try to stick with the minimum coverage that the law or their finance companies allow. They are looking for the cheapest options to be legal on the roadways. However, an affordable yet much-needed option for drivers is to include uninsured motorist coverage in their auto policies. This coverage is not only essential but also a practical and cost-effective choice.

What is Uninsured Motorist and Why is it so important?

Uninsured motorist (UM) coverage offers added protection to you and your loved ones when you are in an accident with a driver who is operating on the roadways without insurance coverage. Uninsured Motorist coverage also applies to instances when there has been a hit and run, and you are unable to locate the party who damaged your auto and caused injuries to you and your loved ones. This coverage provides a sense of security and peace of mind, especially with the rise of drivers on the roadways without insurance coverage.

Types of Uninsured Motorist Coverage

Most auto insurance companies offer UM coverage for bodily injuries (UMBI) and property damage (UMPD). With UMBI, if you are involved in a hit and run or had an accident and the guilty party who hit you doesn’t have insurance, you can have medical coverage to take care of your injuries and those of any of your passengers, up to your coverage limits. Usually, the limits for bodily injury on your insurance policy mirror those of your liability bodily injury coverages, but never to exceed it.

For instance, you could have UMBI limits of 25/50, meaning an uninsured motorist bodily injury claim will cover $25,000 per person or up to $50,000 total for injuries incurred to you or any passengers during this single accident.

The same conditions apply to uninsured motorist property damage. However, UMPD is concerned about the repair of your vehicle. Typically, you pay a deductible toward the repairs. For example, if you come out of the grocery store and your car has been damaged. The guilty party cannot be identified. So, you can have your vehicle repaired up to the coverage limits minus the deductible.

Contact Allen Insurance Agency today!

At Allen Insurance Agency in Ramseur, NC, we understand that your priority is protecting your family. Call us today at (336) 489-4415 with any questions or concerns about uninsured motorist coverage. We want clarity and peace of mind when protecting your family on the roadway.

Commercial Insurance is Every Business Owner’s Safety Net

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Every business owner aspires to success, and every successful company plans for it. From small-scale firms to large corporations, each business carries inherent risks, and success inevitably brings greater concerns. That’s why successful businesses and companies in and around the Ramseur, NC, area rely on the friendly and professional staff at the Allen Insurance Agency for all their commercial insurance needs.

The path to success often presents many pitfalls, potential hazards, and its fair share of construction and warning signs. Commercial insurance helps businesses maneuver these obstacles and protect them from risks on the journey to success.

Every Business Owner’s Safety Net: Commercial Insurance

Whether you’re a large and established company or a successful small-scale business, being a business owner can sometimes feel like a balancing act on a tightrope. Fortunately, for those situations that disrupt your equilibrium or threaten your business, commercial insurance often provides the solution – and the much-needed safety net every business owner requires.

Indeed, companies could intentionally downscale their volumes, shorten their operating hours, limit their services, and take many other strategies to undermine their own success to appear as less appealing targets for potential criminals. Alternatively, they could opt for commercial insurance solutions. Planning for success includes preparing for potential risks along the way, and commercial insurance can provide assistance.

Commercial Insurance Solutions in Ramseur, NC

If you are a business owner in or around Ramseur, NC, and have queries about or need commercial insurance, don’t look beyond the Allen Insurance Agency. Contact us to learn more and schedule an appointment to engage with our friendly, experienced, and professional team about all your commercial insurance needs today.

Four Questions to Ask When Shopping for Home Insurance

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Buying a home insurance policy can be a complex process. It involves asking the right questions to ensure the policy you’re considering aligns with your needs.

At Allen Insurance Agency, servicing Ramseur, NC, we assist homeowners in seeking the most suitable home insurance policy. Below are four questions you should ask when shopping for home insurance.

1. How much coverage do I need?

It is vital to opt for a home insurance policy that offers just the right amount of coverage. Over-insuring your home means you’ll pay more for your premium. Under-insuring means you might face difficulties repairing or rebuilding your house after a covered event.

2. What is the cost?

Home insurance is usually paid in one lump sum per year. Knowing the cost of your insurance policy is a critical part of budgeting.

3. What’s covered under this policy?

While there are standard items across home insurance policies, there is variation from one insurance product to another. Knowing what’s covered by the policy you’re considering is essential to the process.

4. Should I get flood or umbrella insurance?

Standard home insurance policies do not cover floods. Accordingly, if you live in a high-risk area for floods, having this type of insurance can offer you financial protection. Umbrella insurance can extend your coverage beyond your home insurance policy. An umbrella policy can offer additional protection if your home insurance policy doesn’t offer sufficient coverage in a certain area.

Do you need home insurance? Contact Allen Insurance Agency, servicing Ramseur, NC. We’ll help answer your questions and guide you to the right insurance policy.

Should I Change My Auto Insurance After Paying Off My Vehicle?

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It is common to use a bank loan to finance a car purchase in Ramseur, NC. Have you ever wondered what happens once the loan is fully repaid? At Allen Insurance Agency, we often receive this question, so we’ll provide you with a detailed response here.

Updating Your Insurance

The lender will likely impose certain coverage prerequisites if you’ve bought a vehicle with a loan. Until the loan is fully repaid, the bank holds certain entitlements. In the event of vehicle damage resulting in an insurance payout, the bank is usually the first recipient to satisfy the remaining loan balance. Any funds left over would then belong to you.

It’s vital to remember to inform your insurance company once you’ve paid off your loan. They need to be aware that the bank no longer holds an interest in the vehicle, so any future claim payouts are directed to you.

Choosing the Coverage You Want

Furthermore, the insurance guidelines decreed by the bank may not perfectly align with your needs as a vehicle owner. When buying a new vehicle, the bank requires a coverage level that guarantees loan payment.

However, when most vehicle loans are paid in full, the vehicle has often depreciated, and it can be more advantageous to reduce your overall coverage levels.

That’s not to say there are no strict rules. Provided the insurance company knows you don’t owe the bank any money, you can opt for the coverage that you feel suits you best.

For ideal coverage in Ramseur, NC, it’s advisable to consult with your insurance representative. Feel free to contact the Allen Insurance Agency to explore your options and find the perfect policy for your needs.

Do You Need Commercial Insurance?

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With the ever-rising costs of everything, it’s no surprise that business owners everywhere are looking for ways to cut expenses. One place you don’t want to cut corners with is your insurance coverage, though. Here at Allen Insurance Agency, serving Ramseur, NC, and the surrounding areas, we want to help you understand how your insurance expenses are an investment. Let’s learn more about commercial insurance and how it can actually help your business.

Do I Need Commercial Insurance?

You need commercial insurance if you’re a business owner in North Carolina. This is your first line of defense against substantial financial hardship. Business owners face a special kind of liability risk when they are providing products or services to the public. Suppose someone is injured or becomes ill because of your product or service or experiences property damage. In that case, you are held directly responsible for that and for all expenses associated with that event. Depending on the severity of the claim and the costs, an event like that could leave your business financially vulnerable. Commercial insurance is necessary to protect against this risk.

What Types of Coverage Do I Need?

Every business is different, so you’ll need to sit with an insurance representative to discuss your particular needs. This professional will be able to make recommendations based on the nature of your business and the risk factors involved to help create a comprehensive policy that provides you with the best possible protection.

Is Commercial Insurance Required By Law?

This depends on the type of business you run. For instance, if you operate vehicles as part of your business, you definitely need coverage. An insurance rep can discuss these details with you when you call.

If you’d like to learn more, please get in touch with us at Allen Insurance Agency, serving Ramseur, NC, and the surrounding areas.

Does Home Insurance Cover Termite Damage?

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At Allen Insurance Agency, we help homeowners in Ramseur, NC, protect their homes against damage through homeowners’ insurance. Even all-perils home coverage doesn’t protect against some things that can happen to a home. The dreaded termite invasion falls into this category.

Spotting Termites Early

Most home policies do not cover termite damage because an annual inspection for termites is on the list of homeowner maintenance items. A homeowner should notice the mud tunnels indicating the arrival of termites and phone pest control to have the home treated. The horrific photos of termite damage shown on the Internet have happened over the years, so when damage occurs that erodes the home’s framing, it means the homeowner ignored essential maintenance.

A Free Inspection Can Spot the Problem

Many pest control services offer free termite inspections. Leverage this complimentary check on your home to keep it in top shape. Learn what termite damage looks like so no one can trick you into pesticide spraying that your home doesn’t need.

Termite tunnels may appear on the exterior or interior of a home. Typically gray, within these long corridors, they wander back and forth, gnawing on the wood of your home. Many varieties of termites exist, so you may not immediately recognize the bugs. Every variety builds this tunnel type and eats through the wood.

Contact Us Today

Do you have questions about what your home insurance does cover? Contact Allen Insurance Agency to check your policy’s coverage. If you don’t know the coverage level you bought on your Ramseur, NC, home, let us look it up. Whether you purchase HO-1, -2, -3, -5, or -8 coverage decides which perils the policy does cover. None cover termite damage, but there’s a lot they do cover.

Auto Insurance’s Impact on Public Transit Infrastructure

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Auto insurance plays a significant but often overshadowed role in shaping public transit infrastructure. It influences travel behavior, policy decisions, and funding mechanisms. Although auto insurance is primarily associated with individual vehicle owners, its broader implications extend to the development and maintenance of public transit systems. Such networks are vital for sustainable urban mobility in and around Ramseur, NC.

Influencing Travel Behavior

Auto insurance shapes travel decisions, including vehicle ownership, usage, and reliance on public transportation. Higher insurance premiums might encourage individuals to consider alternative means of transportation, like public transport, ridesharing, or biking. This shift helps reduce traffic congestion and greenhouse gas emissions. On the other hand, more affordable rates can promote greater use of personal vehicles, which increases congestion and infrastructure demands.

Backing Transit Infrastructure Funding Mechanisms

Revenue from auto insurance premiums indirectly contributes to funding public transit infrastructure projects. This funding occurs through mechanisms such as vehicle registration fees, fuel taxes, and transportation-related surcharges. These resources finance the construction, operation, and maintenance of transit systems, including light rail, buses, trains, and infrastructure improvements. Therefore, auto insurance indirectly supports the availability and expansion of public transit options for commuters and residents.

Influencing Policy Considerations and Planning

Auto insurance policies and regulations can shape transportation policy considerations and decisions related to urban planning and public transit infrastructure. Policymakers could implement usage-based insurance programs, incentives for shared mobility services and carpooling, or congestion pricing to alleviate traffic congestion and promote sustainable transportation alternatives. Insurance requirements for autonomous vehicles and ride-hailing services also affect how new technologies and mobility solutions integrate into urban public transit networks.

How Allen Insurance Agency Can Assist You

At Allen Insurance Agency, we are prepared to answer any questions concerning auto and other insurance. Proudly serving the Ramseur, NC area, we’re here to help. Contact us today for more information.

Key Things to Know about Commercial Cyber Insurance

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Few can manage a business today without computers. Though some companies are more computer-dependent than others, they are vital to today’s business world. They allow us to connect with customers and suppliers across the street or the globe. While that interconnectivity is beneficial, it also brings risk in the form of cybercrime. If you live in or near Ramseur, NC, our team at the Allen Insurance Agency can help protect your company against the financial effects of cybercrime.

How Cyber Insurance Can Protect Your Business

Using computers to steal business information or limit a business’s ability to use its data and computers is the basis of commercial cybercrime. Cybercrime involves:

  • Stealing information.
  • Holding companies for ransom by blocking access to their systems.
  • Other illegal activities involving computers.

Commercial cybercrime insurance must cover multiple issues since many forms of cybercrime exist. These include:

  • First-party loss. It covers your direct losses, including the cost of investigating the attack and informing clients about their stolen data. It also handles lost revenues and potential ransom payments.
  • Third-party/cyber liability. Attacks on your business can lead to harm to others. Cyber liability coverage handles settlements with customers or suppliers for the losses they experience, as well as relevant attorney fees.
  • Errors and omissions. Errors and omissions cover losses incurred when your technology and other products include faulty logic or code.

To obtain cyber insurance, your company may need to take preventive measures, and your premiums may be affected by the measures you have in place.

Allen Insurance Agency, Your Commercial and Personal Insurance Provider 

The Allen Insurance Agency handles clients’ commercial and personal insurance needs throughout the Ramseur NC, area. Call us today at 336-824-4130 or email our team to protect your company and personal assets.

Here’s How Home Insurance Protects Your Family

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If you own a home, you’ll want to make sure you take out home insurance. In fact, if you worked with a mortgage lender to buy your home, that lender may actually require that your property be insured. Even when home insurance isn’t required, it’s still crucial to take a policy out because it can reduce risks for your family. If you are looking for a home insurance provider that serves Ramseur, NC and other areas nearby, get in touch with the Allen Insurance Agency.

How Home Insurance Policies Provide Financial Protection

Your home may be your most valuable asset and investment. Certainly, it is a crucial component of your nest egg. Further, your home keeps a roof over your head and provides comfort. Unfortunately, however, homes can be destroyed by many different things, including fires and weather events. Further, even if a home isn’t outright destroyed, any damage incurred can cost a lot to address.

Additionally, homes could be targeted by criminals who break in to steal stuff or cause damage through vandalism and other criminal activities. If you don’t have the right insurance plan, you may have to pay for all of the above and more. What’s covered by insurance plans varies by policy, but the right plan can mitigate many of the above financial risks.

One thing some homeowners forget is that if someone is injured on their property, they may end up having to foot the bill. Some homeowner’s insurance policies will provide coverage for that.

We Are Here To Help

At the end of the day, the right home insurance policy could protect you and your family from financial ruin. Insurance also provides peace of mind for property owners. If you’re looking for an insurance agency serving Ramseur, NC and other areas nearby, contact the Allen Insurance Agency right away to discuss home insurance.

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