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Most homeowners make the mistake of failing to evaluate their home insurance coverage on a regular basis and assuming that they are adequately insured in perpetuity. They are frequently surprised when a risk covered by their home insurance occurs, and they are not adequately paid. As a Ramseur, NC homeowner, you may avoid such surprises by examining your home insurance coverage on a regular basis.

Allen Insurance Agency recommends that you make it a habit to review your house insurance coverage during these times.

Before Renewing It

Most home insurance policies provide coverage for a year; but if you continue to pay your premiums, the insurance provider will automatically renew it. Before renewing your house insurance coverage, you should always take the time to review it. Check for any modifications to the terms of the house insurance that the insurer may have made, and increase the deductible to reflect your current financial situation.

When Property Prices in Your Area Rise or Fall

While many homeowners remember to reevaluate their home insurance policy when the value of their home increases, very few remember to do so when the value of their property decreases. When you review your house insurance policy when the value of your home rises, the insurer will compensate you appropriately. Failure to review your home coverage when the property value declines, on the other hand, means you will lose money by paying unreasonably high premiums. 

Every time you Remodel or Renovate

You should reevaluate your house policy whenever you alter or renovate your home. As a result, the improvements and remodeling you have done to your home will be covered by your insurance.

Reach Out To Us

As a homeowner in Ramseur, you should get home insurance because it is one of the top residential communities in North Carolina. Allen Insurance Agency in Ramseur, NC can help you with your home insurance requirements.

The short answer is, yes. Your home insurance claims are indeed a public record, not only in Ramseur, NC but nationwide. Our team of insurance experts at Allen Insurance Agency can help you get up to speed with policy transparency for your home.

Generally, only the involved parties may access the complete and updated policyholder’s insurance records. The insurance vendor and policyholder are the involved parties in this scenario. Both parties fall under the protection of the F.A.C.T Act for their right to pull information. When a concerned party wants to access the record, they may request a copy of the policy.

Insurance vendors have no right to disclose details to unrelated parties apart from as prescribed by regulatory bodies.

C.L.U.E.

C.L.U.E. refers to a database that contains past claims filed by policyholders. C.L.U.E. enables insurers to calculate the risk factor when considering customers. Over five years, C.L.U.E. stores details on the customer’s SSN, the address of the property, and additional information on the homeowner’s insurance claims.

As this database holds information that could potentially increase the customer’s premiums, under federal law, the policyholder is allowed to contest data stored there. Thus, the insured party should have access to the C.L.U.E. data storage where applicable. They may also dispute inaccurate or misleading details found in the database.

The policy becomes a public record because it is presentable upon request by prospective buyers. It is, however, important to note that only the policy holder and the insurance vendor can release the C.L.U.E. copy to the realtor or prospective buyer.

C.L.U.E. is mainly useful to:

• Insurance firms as it helps them identify threats when issuing policies
• Potential homebuyers as it reveals the extent of damage and level of care applied to the property by previous owners

Give Us A Call

To learn more about insurance transparency in Ramseur, NC, do not hesitate to contact Allen Insurance Agency Whether you are looking to buy or curious about your data, we have you covered.

One of the important elements of a home insurance policy is the personal liability insurance that the policy provides. At Allen Insurance Agency, serving the greater Ramseur, NC area, we have found that many homeowners have no idea what personal liability insurance is and how important it is in regard to their home insurance policy. Follow along as we provide more information about personal liability insurance. 

What Is Personal Liability Insurance In Regards to Home Insurance?

If someone is injured in your home or on your property, they may be able to file a personal injury lawsuit against you. Personal liability insurance helps to cover the costs associated with defending that lawsuit or paying a settlement to the injured party. Essentially, personal liability insurance helps to cover the legal costs and settlement, within the coverage limit you select, ensuring the money does not come out of your pocket or your bank account. 

Why Is Personal Liability Insurance So Important? 

Personal liability insurance is so important as it helps to financially protect you. People file frivolous lawsuits all the time, and these lawsuits can cost a lot to defend against. Also, accidents happen, and if an accident happens on your property, personal liability insurance helps to cover the costs associated with the accident, so you are not financially liable for legal fees and damages that need to be paid due to these accidents. 

Contact Us Today

The right insurance products will cover you and the investment you have made in your home and property. The insurance agents at Allen Insurance Agency, serving the greater Ramseur, NC area, want to help you find the best insurance products for your needs. Give us the opportunity to help you by scheduling an appointment with us today. 

You should feel the safest in the place you call home. Many things go into home safety and most of them don’t really cost a lot to implement. At Allen Insurance Agency in Ramseur, NC we get to know our customers so that we can personalize your home insurance coverage. We want to make sure that your assets are safe and so is your major investment. 

Tips for making your home a safer place

Put strong passwords on your internet connection

Having your identity stolen is a major invasion of not only your privacy but of your finances. You don’t want anyone to be able to access your internet and steal your data. Having two-level security is recommended these days. 

Install a home security system

Home security systems are easy to install these days and are very affordable. You can use a doorbell camera with security cameras on the exterior of your home to monitor who is entering your space. 

Motion detector lights

Having strategically placed motion detector lights on the exterior of your home can be a deterrent to anyone who comes onto your property. 

Smart door locks

These days, you are able to lock your doors no matter where you are, by using your smartphone. It is simple and effective and does make your home safer. 

Lock your windows

While most people always lock their doors, windows are often overlooked. Make sure all of your windows are locked and a security bar is in place on a slider. 

Get rid of hiding places

Don’t have any places to hide anywhere near your house. Keep shrubs low and avoid large bushes. Make sure the garage and any sheds in your yard are always locked.

Get Insurance Coverage For Your Home Today

Contact our team of professionals at Allen Insurance Agency in Ramseur, NC to get your current home insurance reviewed or to discuss what type of home insurance is right for you.