Insurance Options You May Have Overlooked

Winston-Salem, NC 7/22/2017

Sometimes you need a little extra assurance when making important decisions regarding your personal insurance coverage. We can amend your car or home insurance policy to best meet your needs. We call it an endorsement. Basically, it’s a written agreement that expands or outlines the limits in your policy.

Check out some of the most common additional coverages that many of our clients opt to add to their policies. 

Homeowners Insurance Options:

Coverage that can be added to your home insurance policy:

  • Sewer and Drain Backup coverage – Covers a loss caused by water or sewage that back up through sewers or drains or overflows from a sump pump.
  • Earthquake – Covers the cost to replace or repair damaged property following an earthquake.
  • Flood- Covers the cost to replace or repair damaged property as a result of rising surface waters. 
  • Identity Recovery – Covers the expenses associated with restoring your identity.
  • Scheduled Personal Property – Provides protection for expensive items such as jewelry, furs, watches, guns, fine arts and personal computers.
  • Replacement cost on Personal Property – Offers loss settlement on the cost to replace property with an identical or comparable item with no deduction for depreciation.
  • Incidental Business Occupancy – Provides liability coverage for a business being operated from your home.

Auto Insurance Options:

Coverage that can be added to your auto insurance policy:

  • Road service coverage – If your vehicle becomes disabled, this coverage pays for reasonable auto towing and required labor costs at the site of the breakdown. (Limitations apply in North Carolina.)
  • Extended Transportationn Expense - Covers transportation expenses, including the cost of car rental, should your auto become disabled due to a covered Comprehensive or Collision loss
  • Auto Enhancement Endorsement – These endorsements offer several options, including up to 10 days of transportation expenses should your vehicle become disabled after a collision.  Some offer you ways to cut costs on your policy’s deductible.  Each carrier we represent has different forms available, so ask us to analyze your best options regarding these endorsements.

To check on your coverage, contact our agency. We will review your current policies to help ensure that your car and home are properly protected. 

View All News Articles

What Our Customers Say!

"Dee Edwards has consistently gone the extra mile to help us streamline the insurance coverage for our business.  Her follow-through in obtaining the required documentation for us to dispute an expensive, unnecessary requirement by one of our lenders has saved us tens of thousands of dollars per year.  Dee and the Wilson Insurance team have earned our business at each and every renewal cycle."

Mr. Bill Thomas CFO, M.A.L., Inc.

Read what others have to say.

What's New

Why every Board of Directors should carry D&O Insurance
12/3/2019

 

Directors & Officers Liability insurance provides coverage for your own “wrongful act” while performing duties as a Director of Officer of the insured entity, or the "wrongful acts" of other board members. 

Why Do You Need Director’s & Officers Liability Insurance?

While an organization is legally permitted to cover the costs incurred as a result of personal liability stemming from the activities performed on behalf of the organization, this ability, called indemnification, may not apply to every situation.  The director or officer may become personally liable in their duties performed for the organization.

Read More »

 

What You Should Know About Rental Car Insurance
11/13/2019
There are some very serious contractual gaps in coverage for rental vehicles. Even if you purchase their Collision Damage or Physical/ Loss Damage Waivers, many rental car contracts exclude the following:
  • Theft of the Vehicle
  • Tolling, or Turning the Vehicle Over
  • Lease Gap coverage
  • Loss of Use
  • Glass, Tire and Undercarriage Damage
  • Animal Collision
  • Flood and Hail Damage
  • Damage above the Windshield
  • Individuals who rent personal vehicles for extended periods and do not have a Personal Auto policy in force
  • Drivers who rent, and do not own another vehicle insured elsewhere, need to be expecially careful here
Read More »

 

5 Types of Cyber Criminals and How to Protect Against Them
11/3/2019
Understanding the types of cyber criminals and their techniques can help protect your organization from a data breach. Here are some common threats and steps a business can take: 

Read More »