Who needs umbrella insurance in North Carolina?

Posted on June 24, 2021June 24, 2021 by admin

If you are in the Oak Ridge, NC area, spending time to consider your insurance needs is a good idea. A form of coverage that many people will benefit from having is umbrella insurance coverage. This is a form of liability insurance that will provide coverage for a wide range of risks, which offers some valuable protection and support to policyholders in the area. There are a few reasons people here will want to have this protection.

Coverage Protects Against Major Claims

A reason to have an umbrella insurance plan is that the coverage will give protection against major claims. Most people are going to have personal liability coverage included with their auto or home insurance plans. However, there is always a chance damage in an accident can exceed these levels. Fortunately, if you do have appropriate coverage, you will have protection against these claims.

Coverage Offers Support for Wider Mix of Risks

You should also get an umbrella insurance plan to get support for a wider mix of risks. With an umbrella coverage plan, your liability support will include many risks that are not included under other standard insurance plans. This can help ensure you remain properly insured and prepared for situations and risks that are otherwise unexpected.

Having an umbrella insurance plan in place can benefit many people in the Oak Ridge, NC area. If you would like to get a new plan in this area, calling Oak Ridge Insurance Services can be very helpful. As you are looking for umbrella coverage, you can quickly find out that there are a lot of choices to make. The team with Oak Ridge Insurance Services can help you assess your situation and give the support needed to choose a plan that meets your needs.

Who Needs Life Insurance in Oak Ridge, NC?

Posted on May 28, 2021May 28, 2021 by admin

There are many reasons you need life insurance in Oak Ridge, NC. If you ever doubt that you need life insurance, ask yourself: Do I have dependents? How would they survive without my financial assistance? If you have a spouse, child, or an aging parent that depends on your income, you probably need life insurance. But is that all? Definitely not. Life insurance covers more than dependents. If you are in the below situations, there is a heightened need to buy life insurance from Oak Ridge Insurance Services today.

If you are a spouse

In marriage, there are many shared financial responsibilities. Without the other spouse’s support, the spouse left behind would have difficulties paying financial duties like mortgage, school fees, and other obligations. However, life insurance replaces your income when you die, helping your spouse meet various financial obligations.

If you have debts

If you have a student loan, credit card, or mortgage loan, your cosigners are stuck with your debts in the event you die. However, when you purchase life insurance, you don’t have to bother your dear ones with unpaid debts when you die.

If you own a business

If you are in a business partnership, you can name your partner as the beneficiary. When you pass on, the death benefit can be used to run operations or buy out outstanding shares in the business.

If you want to take care of your funeral expenses

Running a funeral can be expensive in America. It will cost you between $8,000 and $10,000. Of course, the figure can go up depending on your final wishes. Instead of bothering your loved ones with burial expenses, your loved ones can use the life insurance proceeds to finance your burial costs.

Life insurance in North Carolina

Are you looking to safeguard your loved ones or business with life insurance? You can trust Oak Ridge Insurance Services for all your life insurance needs. Contact us today for a quote.

Who needs an auto insurance plan?

Posted on April 25, 2021April 25, 2021 by admin

When you are in the Oak Ridge, NC area, you will have many local amenities that you can enjoy. To ensure that you can enjoy them as conveniently as possible, it would be a good idea to get a proper insurance plan for your vehicle. There are many scenarios when someone here is going to need to get an auto insurance plan.

Those that Have Taken Out Financing

A situation that will call for someone to have a specific type of auto insurance comes when they take out a loan to buy the car. Financing the purchase of a vehicle with an auto loan is quite common. Those that do have a loan need to follow the rules set by the auto lender. This will usually include requiring that the car owners have a full collision and comprehensive insurance plan.

Those that Want to Drive Legally

If you are in this state and want to drive your car legally, you will need to have an auto insurance plan in place. This state requires that all borrowers maintain full liability insurance as long as they drive on a public road. If you do not have this coverage in place and are caught without it, you could face a serious penalty.

As you are looking for an insurance plan in the Oak Ridge, NC area, you should call Oak Ridge Insurance Services. The team with Oak Ridge Insurance Services knows how valuable this type of insurance coverage is. We can help you by answering all of your questions and providing the guidance and support you need to build and choose a new insurance plan. Reach out to our office to get started.

Is commercial insurance needed in Oak Ridge?

Posted on March 28, 2021March 28, 2021 by admin

In the Oak Ridge, NC area, those that would like to be their own boss should consider starting a business. This area of North Carolina offers many opportunities for success as there is a good local market and support for small companies. When starting any business, it is important that you get the right insurance for it. There are several situations when getting a commercial insurance plan here should be considered a necessity.

When Insurance is Required

A common reason that business owners here will need to get a commercial insurance plan is that it is a requirement set by various stakeholders. It is very common for small businesses to have commercial insurance requirements set by their lenders, investors, and even landlords. As all of these entities will have a vested interest in the business, they will want to ensure that it is as well protected as possible.

When Wanting to Cover Investment

It would be best if you also got a commercial insurance plan to cover your investment. Starting a company always comes with a big investment, including investing your money into business assets. If there is ever a fire or other situation that results in a loss, your commercial insurance plan could protect your investment.

There are plenty of great reasons to get a commercial insurance plan in the Oak Ridge, NC area. If you would like to get a commercial insurance plan here, you need to speak with the Oak Ridge Insurance Services team. When you call Oak Ridge Insurance Services, you will learn a lot more about your insurance options. Our team can then give you the support needed to build and choose a quality policy that meets your needs. Reach out to our office to get a quote.

Protect your home and property with a comprehensive policy

Posted on February 24, 2021February 24, 2021 by admin

Are you looking to buy a home in the lovely Oak Ridge, NC community? If so, the team at Oak Ridge Insurance Services has got you covered! We have found that there are different beneficial coverage features when it comes to protecting a home with a substantial amount of property. We understand that everyone’s needs are sometimes different, and we take a hands-on approach when it comes to helping our clients find the right insurance.

Benefits of a comprehensive policy to protect your property

Basic policies are, just as the name implies, basic. However, most people who own a home with property and perhaps some outbuildings are often insufficiently covered. When there is the property and other buildings in addition to a family home, a comprehensive policy is a good way to cover all the bases.

In addition to the main structure, it is sometimes possible to protect additional buildings such as barns, workshops, and storage sheds, all within the same policy. Peace of mind comes with knowing that protection levels are adequate, and everything has coverage if and when a covered event should occur.

Insurance may not be fun, but it is necessary and can be an important part of actively protecting one’s family. There is no reason to settle for an insufficient policy when there are many comprehensive homeowner policies available.

Rest easy with the right homeowners’ policy!

Oak Ridge Insurance Services is here to help you review the different types of insurance that are available. We want our friends and neighbors in the greater Oak Ridge, NC area to have the protection they need. Call or stop by our office today and learn more about how you can protect your home and property with a comprehensive policy.

Why should I invest in a classic car insurance policy?

Posted on January 27, 2021January 27, 2021 by admin

In the Oak Ridge, NC area, it is very common for car lovers to want to one day own a classic car. If you are going to invest in a prized possession such as a classic car, you will want to know that you always have proper insurance for it. There are few reasons why getting a classic car policy can be a great option for you.

Insurance Can be Curtailed to Meet Needs

One of the advantages of a classic car insurance plan is that your coverage limits are customizable and can be curtailed to meet your needs. A classic car is an important asset that you will want to cover with insurance as well as possible. When you get a classic car insurance plan, you can work with the insurance company to get the level of coverage needed to protect your asset properly.

Insurance Can Keep You in Compliance with Law

Another reason you will want to get classic car insurance is to keep you in compliance with the law. Anyone who will invest in driving any car in this state needs to have liability coverage. When you own a classic car, your actual risk will be low as you will likely drive sparingly. A classic car plan will consider this risk when it comes to coverage costs.

Anyone who would like to get a classic car insurance plan in Oak Ridge, NC should speak with the Oak Ridge Insurance Services team. Picking the right insurance plan can seem complicated. Fortunately, when you call Oak Ridge Insurance Services, you will get the support that you need to choose an ideal policy and stay properly protected.

An In-Depth Look At Renters Insurance

Posted on December 23, 2020December 23, 2020 by admin

Based in Oak Ridge, NC, Oak Ridge Insurance Services serves the community by offering residents personalized insurance coverage. We strive to help our clients protect their most important assets. We will guide you through the process of finding coverage.

Renters Insurance

If you stay in a condo or apartment in Oak Ridge, NC, renters insurance will help you cover your personal items. The policy covers your personal items if someone damages them or tries to steal them. Accidents can happen at any time. That’s why liability coverage will protect you if someone gets injured while they are visiting your rental property or if you accidentally damage someone else’s property.

You can amend your policy to cover you if your personal items are damaged due to a natural disaster or fire. Renters insurance allows you to protect your most valuable possessions in case something goes wrong. If you have some luxury items, you may have to amend your policy to protect them if something happens. Consider getting your luxury items appraised so that you will be aware of their true value. Also, it may benefit you to take note of every single item in the rental unit. This will assist you if something gets stolen.

During severe cases when your rental property suffers major damage, you can add emergency coverage so that you will have a safety net if you have to seek additional lodging elsewhere until your rental property is repaired. Your personal items are also protected when you are traveling away from your rental unit. You will be covered if something happens to your phone while you’re on vacation.

Consult With Oak Ridge Insurance Services

Visit our website today to learn more information about renters insurance.

How to Enforce Your Boat Safety Plan in Oak Ridge

Posted on November 28, 2020November 28, 2020 by admin

A boat safety plan in Oak Ridge, NC is only good if people know how to use it. If you have a watercraft, Oak Ridge Insurance Services has a few tips so that you can feel a little safer every time you take it off the shore.

Think About Who Will Need It

You have to consider who needs to know about your boat safety plan before deciding how to enforce it. If you bring friends out, they’re going to have very different needs than your 6-year old child. When it comes to your family, the best way to enforce an emergency drill is to have them go over it as many times as possible. People should know where life preservers are, how to call for help, and what to do in the case of an injury.

Map It Out

You can’t possibly account for every scenario, but you can think of the most common. For example, if another vessel hits you, what would be the most likely steps you’d need to take? How can you make it back to safety if you’re hit with an unexpected rainstorm? The more questions you answer beforehand, the easier it should be to handle unexpected twists and turns in Oak Ridge, NC.

Think About Your Boat Insurance Carrier

Some people are good in a crisis, and they expect that know-how to carry them through. But the water can be a much more dangerous place than people give it credit for. If you’re looking for the right partner who can help you prepare before the worst occurs, call Oak Ridge Insurance Services today. We can make it easier to develop the right plan and get better coverage at the same time.

Who should have umbrella insurance

Posted on October 28, 2020October 28, 2020 by admin

Umbrella insurance is one of the most misunderstood types of insurance. Many people have no idea what it is and what it does. In simple terms, it is a policy that extends the liability coverage that you already have on another policy. The visual of an umbrella is actually perfect, umbrellas protect you from rain and storms, and umbrella insurance protects your assets from the storms of life. Having a trusted independent insurance agent allows you to get a discussion started with them about how you could benefit from this important and affordable coverage. At Oak Ridge Insurance Services in Oak Ridge, NC, we are that agent.

You don’t have to be a homeowner to benefit from umbrella insurance. Liability coverage is something you have on other policies, such as auto and renters insurance. Liability coverage protects you from extraordinary events that can be life-changing. If you are involved in an incident or accident that results in legal action, it can put your assets at risk. As an example, the average jury award in a car accident case is $300,000. If your liability coverage is $100,000, you are going to be $200,000 short.

If you have an umbrella insurance policy, it will be from one to ten million dollars in additional liability coverage. The $200,000 will be picked up by your policy and the legal bills that came with that court case. Without it, you will have to tap your savings, or if you don’t have savings, your future wages can be attached. Lots of things other than a car accident can result in a judgment against you. An umbrella insurance policy has great value and benefits to anyone who has an insurance policy with liability.

To discuss this coverage’s benefits, call or visit Oak Ridge Insurance Services in Oak Ridge, NC. You will be happily surprised at how affordable and easy to understand umbrella insurance is.

How much life insurance is enough

Posted on September 21, 2020September 21, 2020 by admin

When it comes to life insurance, most people are not very knowledgeable. They have to count on someone to tell them how much life insurance is enough. What may be enough for one person will not be the right amount for another person. Experts have some general criteria to determine the amount they suggest depending on your earnings, but your life and how to maintain it is so much more than just some figures. Having an insurance agent who knows you well enough to make you feel comfortable helps make this a less nerve-wracking process. Oak Ridge Insurance Services in Oak Ridge, NC is here to guide you through the process and make sure you are comfortable both with the coverage and the price of your protection.

How much life insurance is enough depends a lot on where you are in your life. Someone with small children will need much more coverage than someone whose children have all flown the nest. All of your liabilities also need to be taken into consideration. Do you have a mortgage? Any other debt that would be a hardship if left unpaid by your passing? No matter where you are in the circle of life, you need to have enough life insurance to pay for your final expenses.

Optimally, making sure that those you leave behind are provided for is the goal of life insurance. What that means may differ from person to person. It can mean caring for aging parents, providing for a spouse and children, or leaving a legacy for your grandchildren. Only you will know for sure how much life insurance will be required beyond your savings and assets to make this happen.

When you are ready to discuss your life insurance needs, we are prepared to sit down with you and answer any questions. Give us a call at Oak Ridge Insurance Services in Oak Ridge, NC and let us help you make sure you have enough life insurance.

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