DWI Insurance in Lexington, NC

Builders Risk Insurance

Builders risk insurance may help provide coverage for buildings under construction. This specialized coverage, also called course of construction insurance, can provide the backbone of your risk management program.

Who Needs Builders Risk Insurance?

Companies and individuals with a financial interest in a construction project often rely on builders risk insurance to help protect structures and buildings under construction. A builders risk policy may help financially protect materials and supplies, equipment in transit or on-site, and the structures being built.

Insured entities may include the following:

Lenders
Architects
Subcontractors
Property owners
General contractors

What Coverage Does Builders Risk Insurance Provide?

Builders risk coverage may help protect a construction project from specific types of property damage. It may also help cover certain expenses not directly related to the construction project when property damage causes delays, including the following:

Real estate taxes
Additional loan interest
Lost sales
Rental income

It’s crucial to consider the risks and exposures of your project at each phase of construction. Depending on your needs, your agent may recommend that you purchase broad protection, or they may customize your policy for specific risks.

Builders risk coverage is typically temporary, so your agent will help you understand when your coverage begins and ends. Your policy may provide coverage until one of the following:

The policy expires or is canceled.
The building is put to use.
The building is occupied.

Typical builders risk insurance policies may include exclusions for wear and tear, mechanical breakdowns, damage due to faulty design, and employee theft. Talk with your agent to understand exactly how your coverage works.

How to Find the Right Builders Risk Insurance Policy

Working with an experienced agent to find appropriate builders risk insurance is essential to get the coverage you need at a great rate.

Universal Life Insurance

Life insurance provides essential financial aid and peace of mind for your loved ones after you are gone. One of the best ways to ensure financial problems do not create even more stress and grief amid an untimely death is by having a universal life insurance policy.

What Is Universal Life Insurance?

There are several types of life insurance for policyholders to consider. Universal life coverage can be an attractive option because it covers the insured for their entire life as long as premiums continue to be paid and other requirements of the policy are maintained. Beneficiaries of a universal life insurance policy will receive a lump sum payout following the death of the insured, which can be integral in paying for medical costs and funeral expenses or making up for lost income.

In addition to your policy’s payout, universal life insurance coverage may also include several other benefits, including:

Option to withdraw or borrow—Part of your premium payments will build up a cash value for your policy, which may be eligible for you to withdraw or borrow against.
Interest gains—As your universal life insurance policy gains cash value, it can also accrue interest.
Flexible premiums—You can decrease or even eliminate your premiums if the cash value of your policy can cover the payments.
Adjustable death benefits—Some providers may allow you to adjust the amount paid to beneficiaries.

Get the Right Coverage

Universal life insurance provides extensive and flexible coverage to ensure your family and beneficiaries are taken care of after your death. In the midst of grief, the right policy will help to keep monetary concerns from exacerbating an already stressful situation.

Our agents have the expertise to put together coverage that will provide much-needed peace of mind and financial relief. Contact High Rock Insurance Agency today to get started.

SR-22

SR-22 is a form that your state may require to prove that your auto insurance policy meets the state’s minimum liability coverage requirements. In Virginia and Florida, SR-22 is called FR-44, and some states refer to it as a certificate of financial responsibility.

Who Needs SR-22?

Not every driver needs an SR-22 form on file with their state department. If you must file SR-22, you’ll receive notice from a judge or the licensing agency in your area. You may need to file SR-22 under the following circumstances, depending on your state laws:

Your license was revoked or suspended, and you’d like to have it reinstated.
You caused an accident and did not have insurance.
You have multiple traffic offenses.
You were found guilty of a serious traffic offense.
You were convicted of driving under the influence (DUI) or driving while intoxicated (DWI).

How Long Do You Need to Have an SR-22 Form on File?

Depending on your state’s laws, you may need to file SR-22 for three years. If your insurance policy lapses, the insurance company must notify the state, and you may have your driver’s license suspended.

Even if you don’t own a car, you may have to file SR-22. Talk with your agent to determine whether an auto insurance policy designed to help nonowners comply with SR-22 rules is appropriate for your situation.

Contact Us

Contact High Rock Insurance Agency for more information about how to file SR-22 or to get a quote for high-risk insurance.

Commercial Umbrella Insurance

Commercial umbrella insurance is a type of business insurance that helps cover liability claims that exceed the limits of a company’s other insurance policies.

Contact our agency to learn how commercial umbrella insurance can help provide financial protection for your organization.

Who Needs Commercial Umbrella Insurance?

Any company with exposure to potential liability claims may benefit from having commercial umbrella insurance. Without it, an organization may have to cover the amount of a claim that exceeds a policy’s liability limits.

Businesses that purchase commercial umbrella insurance typically have high liability risks. They may need additional financial protection across all of their liability insurance policies.

What Does Commercial Umbrella Insurance Cover?

When a liability limit is reached after a claim is filed on a commercial auto policy, employer’s liability insurance (such as workers’ compensation) or general liability insurance policy, umbrella insurance helps cover costs that exceed your policy limits.

How to Get Commercial Umbrella Insurance

Contact High Rock Insurance Agency today to get the commercial umbrella insurance you need to provide additional financial protection for your organization.

Final Expense Insurance in Lexington, NC

Final expense insurance is a type of whole life insurance with a small death benefit designed to cover the insured person’s funeral and burial expenses. These policies are relatively easy to get approved for compared to other whole life or term life insurance policies. The only difference between final expense insurance and many other types of life insurance is that the policies are smaller, which keeps premiums more affordable for policy owners.

How Does Final Expense Life Insurance Work?

Final expense life insurance may be a good fit for people who no longer have other life insurance policies and want to relieve their loved ones of the financial burden of funeral and burial costs.

Many final expense life insurance policies have few requirements for approval. The insured person must fill out an application, and the premiums must be paid on time. When the insured person dies, the death benefit goes to the beneficiaries designated on the policy.

Even though it’s called final expense life insurance, beneficiaries can use the death benefit as they wish and aren’t restricted to using it for funeral and burial expenses or final medical bills.

Contact Us Today

Call High Rock Insurance Agency to learn more about your life insurance options and to find out if final expense life insurance may be a good fit for your situation.

Whole Life Insurance

Whole life insurance is a death benefit provided for the insured person’s life; it is one type of permanent life insurance policy you can receive. It’s essential to determine which type of life insurance you are looking for, which often means evaluating the term length that best suits your needs. Our agents are here to help you sort through coverage options.

What Is Whole Life Insurance?

Whole life insurance guarantees death benefit payments to designated beneficiaries in exchange for regularly paid premiums. A portion of the policy called cash value is a savings component where the interest can grow. This part of whole life insurance makes the policy unique due to its length.

How Much Does Whole Life Insurance Cost?

The cost of whole life insurance is based upon several factors. Factors impacting your premium rates include age, occupation and health history. The older you get, the higher your rates tend to be. If you’re considering whole life insurance, starting your coverage as early as possible is best. Your rate will also vary greatly depending on how much you as a policyholder are paying in. The higher the face amount of the policy, the higher the premium. Be sure to reach out to an agent about questions related to your coverage rates.

How to Get Whole Life Insurance

Whole life insurance could be the right option for you. Contact High Rock Insurance Agency today if you have additional questions or are looking to get started.

Term Life Insurance

Life insurance can help ensure the monetary needs of your loved ones are protected after you die. The type of life insurance and how much you choose is personal; however, term life may be coverage worth considering. Work with an agent today to learn more about term life insurance and determine whether it’s right for you.

What Is Term Life Insurance?

Term life insurance is coverage you choose for a set number of years, such as 10, 20 or 30, which is referred to as the policy’s term. Term life insurance is sometimes called pure life insurance, as it only provides the guaranteed death benefit and does not feature a savings component.

Your term life policy can provide a death benefit to your named beneficiaries if you die during the policy’s term. If you do not die during this time, the policy doesn’t pay out and expires when the term ends. At the end of the term, you can choose to renew or reapply for a policy, allow the policy to terminate, or inquire about your options for converting the policy into a whole life policy.

How Much Life Insurance Coverage Do I Need?

Determining how much life insurance coverage you should purchase is entirely up to you, and can be complex. Some people choose to buy enough life insurance to cover the costs of their debts, such as mortgages or car payments. If you die while these debts are still outstanding, your beneficiary may use the money to settle these expenses. Other people purchase enough coverage to cover a certain number of years’ worth of their income to their beneficiaries.

If you purchase a term policy to protect your family, you must understand if your family’s life insurance needs may change before the term expires. For many people, this can mean the kids will be grown and on their own, the house will be paid off, and you may want to leave some money as a safety net for your surviving spouse. Work with an agent to determine what amount of coverage is right for you.

How to Get Life Insurance

Your decision to buy a term policy should be guided by your specific situation and what matters to you.

If you need term life insurance, we’re here to help. Give High Rock Insurance Agency a call to get started.

Mobile Home Insurance

If you own a mobile home, having insurance coverage is essential. Like any home, mobile homes are vulnerable to various accidents and other incidents. Mobile home insurance can provide a layer of protection against the unforeseen, such as burglaries and weather damage. However, selecting the right policy can be challenging. Our agency can help you learn more about mobile home insurance so you can decide on the best coverage.

What Is Mobile Home Insurance?

Mobile home insurance is an agreement between you and your insurance provider in which you pay an insurance premium for protection against accidents or other incidents, such as vandalism. Depending on your coverage, you may be able to receive financial assistance following a covered loss.

What Does Mobile Home Insurance Cover?

Policies vary among mobile home owners, but standard coverage often includes the following:

Property protection helps insure your mobile home and any adjacent structures on your premises (attached patio, deck, shed, etc.) against losses due to fire, windstorm damage and damage from falling objects, lightning and explosions.
Personal property protection will typically cover losses for removable property such as electronic equipment, bicycles, furniture and clothing up to a certain amount.
Personal liability protection covers losses if someone is injured or something is damaged on your property. A policy may pay for medical expenses for nonresidents of your home and damages or defense costs resulting from other covered incidents.
Loss of use of your mobile home helps cover costs, such as additional living expenses, if your mobile home becomes uninhabitable following a covered event.

Contact our agency today to learn more about your coverage options.

How to Get Mobile Home Insurance

High Rock Insurance Agency is ready to assist you in evaluating your mobile home insurance coverage options. Contact us today to request a quote.

Watercraft & Boat Insurance in Lexington, NC

Having the right boat insurance policy for your watercraft can be an excellent way to protect yourself from costs related to property damage and medical expenses if an injury occurs. Our agency can assist you in learning more about your coverage options so you can be financially protected.

What Does Boat Insurance Cover?

Boat insurance policies generally depend on the type of coverage you select. Regardless, common boat insurance coverages include:

Liability coverage helps cover expenses if your boat causes damage to another person’s property.
Medical payments coverage helps cover medical expenses if you or a passenger gets injured on your boat.
Boat insurance property coverage helps protect your boat from various risks and potential incidents by covering costs related to incidents such as theft or vandalism.
Uninsured watercraft coverage helps cover expenses if an uninsured boater collides with you and causes injury to you or your passengers.

Other coverage options may be available. Our agency can help you learn about potential coverages to include in your boat insurance policy.

How to Get Boat Insurance

High Rock Insurance Agency is ready to help you learn more about boat insurance. Contact us today to request a quote or to learn more.