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Pethel Insurance Group

2622 Dale Earnhardt Blvd
Kannapolis, NC 28083

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Questions you should ask an insurance agent when shopping for home insurance

Are you a lucky homeowner residing in Kannapolis, NC or any other town in the state of North Carolina? Searching for home insurance to protect your valuable investment but do not know where to begin? Here is a list of the most important questions you should ask an insurance agent when shopping for this type of insurance:

Do I Have To Purchase Home Insurance?

In North Carolina, home insurance is not mandatory. However, a mortgage lender may require homebuyers to get it first. You can decide for yourself whether you want to spend money on home insurance or not. Just keep in mind that it is very risky to own a home without insurance because you never know what might happen. 

What Is Typically Covered By Standard Home Insurance?

Usually, standard insurance will compensate homeowners if lightning, storm, vandalism, hail, or any other unpredictable and unfortunate situation causes damage to their home. A home insurance policy also usually covers the loss of personal belongings. 

Do I Need To Have Separate Coverage For Earthquakes And Floods?

Unfortunately, standard home insurance policies do not cover flooding and earthquakes. So, the answer is yes – you will have to get separate coverage for these situations. Analyze the area you live and decide whether earthquake and flood insurance is really necessary. 

Schedule A Consultation Today

Home insurance is not a luxury and is not a waste of money – it is the most efficient way to protect your home and personal belongings. If you are a lucky homeowner residing in the greater Kannapolis, NC region and you are looking for home insurance, Pethel Insurance Group is here to offer you help. At Pethel Insurance Group, we are ready to find a policy for that will satisfy your needs. All you need to do is to give us a call today to have protection tomorrow!

When am I required to get a renters insurance plan?

Renting a home can be a good idea for a lot of people in North Carolina. When renting you will enjoy fewer responsibilities and risks and will have more flexibility when it comes to moving. If you would like to rent a home in the Kannapolis, NC area, you will want to get the right insurance. Renter’s insurance tends to be a requirement for many reasons when here. 

When Signing a Lease

A common situation when you will need renters insurance is when you are going to sign a lease. It is very common for a property owner to require a tenant to carry renter’s insurance. When a renter is covered, they will receive both liability coverage and personal property protection. This ensures they have support during an accident. If you do not have this coverage, it could invalidate your lease. 

When Looking to Maximize Protection

You also will need to get a renter’s insurance plan when you are trying to maximize your personal coverage. If you are going to rent a home, you will need to purchase various personal assets including kitchenware, electronics, and other important items. When you have renter’s coverage, you will get the support needed to replace or repair such items following a loss. You will also receive helpful liability support. With all necessary coverage, you will remain appropriately supported. 

Consult With Us

It is always helpful for people who are in the Kannapolis, NC area to get a renter’s insurance plan. If you are looking for a plan when you are here, you can call our team with the Pethel Insurance Group. When you call our team at the Pethel Insurance Group, you will get the help necessary to build your next policy. This will ensure you are appropriately covered at all times. 

Does Motorcycle Insurance Feature Hospitalization Coverage?

If you ride a motorcycle, it’s essential to have the right coverage and understand the terms and conditions of your policy. If you need to acquire reliable motorcycle insurance protection, the experts at Pethel Insurance Group in Kannapolis, NC can help. 

Motorcycle Insurance Coverage

Motorcycle insurance works much like auto insurance but with different coverage, limitations, and options. If you were involved in a motorcycle accident with injuries and need emergency care or hospitalization, your motorcycle insurance will cover your medical bills. If you would like to learn more about motorcycle coverage, its terms and conditions, and options for coverage, our insurance agents can assist.

When you work with our team of agents, take the time to understand your needs and match you with high-quality insurance products that meet those needs. They’ll also educate each customer about the terms and conditions and explain the fine print to ensure you understand your purchase product. We also provide superior customer service before, during, and after the policy purchase. We can assist you with any changes you may have during the policy’s lifetime or help with claim submissions. It’s all a part of our commitment to exceptional customer service.

Find Out More Today

If you would like to learn more about motorcycle insurance or any other reliable Insurance options we offer customers, please feel free to contact us today. Call or stop by the office of Pethel Insurance Group, serving the greater Kannapolis, NC community, to schedule a consultation with one of our agents. We take pride in providing support and services to the residents in and around the area. Don’t take risks with motorcycle coverage. Get the advice and guidance you need to make a decision that provides protection and peace of mind.

Life Insurance Beyond Income Replacement: How It Can Support Financial Goals

Life insurance is more than just a safety net for your loved ones. It can be a valuable tool to help you achieve your financial aspirations. At Pethel Insurance Group, serving the greater Kannapolis, NC region, we want to help you learn more about the products we offer.

Here are some of the ways life insurance goes beyond income replacement:

Building Cash Value

Certain types of life insurance, like whole life or universal life, accumulate cash value over time. This cash value grows tax-deferred and can be accessed through loans or withdrawals. This could provide you with a source of funds for major expenses, such as buying a home or funding education, while still ensuring your family’s financial security.

Estate Planning Advantage

Life insurance can play a pivotal role in estate planning. It can help cover estate taxes, ensuring that your heirs aren’t burdened with a hefty tax bill. By designating beneficiaries and setting up a trust, you can ensure a smooth transfer of assets to the next generation, safeguarding your legacy.

Supplementing Retirement Income

As you approach retirement, life insurance can serve as a supplementary income stream. Some policies offer annuity options, providing a steady income during your retirement years. This can be especially beneficial if you’ve maxed out contributions to other retirement accounts.

Schedule A Consultation Today!

Life insurance isn’t just a precautionary measure; it’s a versatile tool that can align with your financial goals. From building cash value to enhancing estate planning and even supplementing retirement income, life insurance offers a range of benefits beyond income replacement. If you’re ready to begin the search for the best life insurance for your needs in Kannapolis, NC, let Pethel Insurance Group assist you. Call us today to obtain a free estimate.

Options Allow You To Save Money on Your Auto Insurance Coverage

Auto insurance can be confusing. Many types of coverage are available at different price points, which can make it difficult to choose the right one for you. At Pethel Insurance Group in Kannapolis, NC, we can answer your questions about the different levels of coverage available for your auto insurance.

Levels of Auto Insurance

Auto insurance is available in many tiers, the first being liability coverage, in an amount that is generally required and set by the state in which you live. States may also require coverage for personal injury, medical costs, and uninsured motorists. Collision insurance pays for the cost of repairs to your vehicle as a result of an accident. Comprehensive covers a wide range of perils that can occur and generally adds to your insurance premium.

New car replacement coverage will provide reimbursement for a new car if your vehicle damage is deemed a total loss rather than just for the current value of your car. Other benefits may be included in an auto policy, such as towing coverage or rental car coverage when you cannot use your damaged vehicle. 

Choosing the Right Level Can Save You Money on Auto Coverage

Options such as increasing the deductible you pay before coverage begins can help to lower your auto insurance payment. You may also choose to omit comprehensive insurance from your policy, which can help to lower premiums. Your insurance agent can offer advice on what types of coverage are optional and which types are required by law.

We Are Here To Help

Our experienced agents can explain the many levels of coverage that are available for your vehicle. Contact Pethel Insurance Group in Kannapolis, NC today for a no-obligation on auto insurance that fits your needs.

How workers comp insurance can protect both your business and your employees

As a business owner in the Kannapolis, NC area, you have the responsibility of protecting yourself and your employees from any harm or financial loss. One way to do this is by investing in workers’ compensation insurance from Pethel Insurance Group. 

Why This Vital Coverage?

Workers comp insurance provides coverage for medical costs and lost wages if an employee is injured while on the job. It also covers expenses related to rehabilitation and death benefits should an employee die as a result of a workplace accident or illness. With this type of insurance, injured employees can regain their health and return to work with minimal disruption to your business operations.

In addition, workers comp insurance can provide businesses with legal protection against claims from employees who allege that their injury was caused by the negligence of someone else. This type of coverage also helps reduce the risk of costly litigation that could arise from workplace injuries or illnesses due to employer negligence.

Overall, workers’ compensation insurance is an important investment for any business owner who wants to protect themselves and their employees from financial loss related to workplace accidents or illnesses. Not only does it provide peace of mind, but it can also help limit potential liabilities that may arise in such situations.

We Can Help!

For more information or to find a policy that can keep you and your employees covered, give us at Pethel Insurance Group a call today. We are proud to serve the greater Kannapolis, NC area and would be happy to help you find a policy that meets both your needs and your budget. So give us a call today! Both you and your employees will sleep better knowing that you are covered.

Home Insurance for First-Time Buyers

Buying a home is an exciting milestone, but it also comes with a lot of responsibilities. One of the most important is protecting your investment with the right insurance policy. As a first-time homebuyer in Kannapolis, NC, you may not be familiar with the ins and outs of home insurance.

That’s where Pethel Insurance Group comes in – we’re here to provide you with the guidance and support you need to make informed decisions about your coverage. Here are some essential things to know about home insurance as a first-time buyer.

Types of Coverage

There are several types of coverage that are typically included in a standard homeowners insurance policy:

  • Dwelling coverage: This covers the physical structure of your home and any attached structures, like a garage or deck.
  • Personal property coverage: This covers the belongings inside your home, like furniture, clothing, and electronics.
  • Liability coverage: This covers you if someone is injured on your property or if you accidentally damage someone else’s property.
  • Additional living expenses coverage: This covers the cost of temporary housing and other expenses if you’re unable to live in your home due to a covered loss.

Factors to Consider

When selecting a home insurance policy, there are several factors to consider:

  • Deductible: This is the amount you’ll pay out of pocket before your insurance kicks in. Choosing a higher deductible can lower your premium, but you’ll need to pay more if you file a claim.
  • Limits: This is the maximum amount your insurance company will pay out for a covered loss. 
  • Endorsements: These are additional coverages to protect against specific risks, like floods or earthquakes.
  • Credit score: Your credit score can impact your premium.
  • Location: Your home’s location can impact your premium, as some areas may be at higher risk for certain types of damage.

Contact Pethel Insurance Group Today

Navigating the world of home insurance can be daunting, but it’s an essential step for any first-time homebuyer in Kannapolis NC. Contact us today to learn more about our services and how we can help you protect your new home.

When is it a good idea to get renters’ insurance in North Carolina?

Renting a home continues to be a good housing option for those in Kannapolis, NC. When you are a renter here, you will have the flexibility to move at the end of each lease term and will have reduced maintenance requirements. If you do rent a home in this part of North Carolina, getting the right insurance is a necessity. It is a good idea to get a renters’ insurance plan in a few situations. 

When Signing a Lease

One situation when having a renters’ insurance plan is when you are signing a lease. It is very important that you comply with a lease as much as possible. One provision that many property owners will have is the requirement for you to carry renters’ insurance. If this is a requirement, it could invalidate the agreement or put you into default if you are not able to provide evidence of coverage. 

When Looking for Financial Protection

If you are going to rent a home, you are going to take on some different financial risks. This can include the risk that your personal items will be damaged or stolen or that an accident occurs you are deemed liable for. If you are able to get a proper renters’ insurance plan, it will offer financial protection against these types of risks. 

Reach Out To Us

When you are looking to improve your insurance position in the Kannapolis, NC area, getting a renters’ insurance plan is a good option. When you are looking for this coverage here, calling our team at the Pethel Insurance Group is a great idea. Our professionals with the Pethel Insurance Group can offer any support that you need to build a plan that will meet your needs and ensure you are appropriately protected. 

Understanding Motorcycle Insurance: Coverage Options and Requirements

Motorcycle insurance is a type of insurance that provides financial protection for motorcycle owners in the event of an accident, theft, or other damages to the bike. Motorcycle insurance is a legal requirement in many areas, so the team at Pethel Insurance Group has put together some easy resources so you can understand what it covers and the options available for you in the Kannapolis, NC area. 

What Does Motorcycle Insurance Cover?

Liability coverage is the minimum requirement for motorcycle insurance in most areas. It covers the cost of damages or injuries to other people in the event of an accident that you’re liable for. This includes things like medical bills, property damage, and legal fees.

Collision coverage covers damages to your motorcycle in the event of an accident. This includes repairs or replacement costs if you’re at fault for the accident or if the other driver is uninsured or underinsured.

Comprehensive coverage provides protection for non-accident-related damages to your motorcycle, such as theft, vandalism, or weather damage.

Additional Coverage Options to Consider for Motorcycle Insurance

Additional coverage options to consider include medical payments coverage, which covers medical expenses for you and your passenger in the event of an accident, as well as roadside assistance, which provides help if your motorcycle breaks down or needs repairs while on the road.

When choosing a motorcycle insurance policy, it’s essential to consider your specific needs and driving habits. Factors that affect your rates include your driving record, the value of your motorcycle, the type of motorcycle you own, and the location where you ride.

Reach Out To Us

At our Pethel Insurance Group, serving the Kannapolis, NC area, we offer a range of motorcycle insurance options to ensure that you have the coverage you need. Our experienced agents can help you navigate the different coverage options and requirements to find the policy for your needs. Contact us today to learn more about our motorcycle insurance options. 

The Two Main Types of Life Insurance

When you know that you need life insurance to help your loved ones after you’re gone, it’s a good idea to know about the two main types so that you can choose the right type of policy for you. Each type has its own pros and cons, and both work very differently from each other. When you need life insurance, you can call us at Pethel Insurance Group in Kannapolis, NC to find out more.

The Two Main Types of Life Insurance

Whole Life Insurance Policies

Whole life is named the way it is because it offers protection for your whole life. The coverage never expires, and it covers you even in your older years. This type of policy pays a death benefit upon the death of the policyholder, but it also has another benefit.

During the policyholder’s lifetime, the whole life policy will build up a value over time which is its cash value. This is an amount that the policyholder can borrow just in case they should ever need to. This is paid back as any other loan. It can help families that have a financial emergency and need that help to get out of it. 

Term Life Insurance Policies

These life insurance policies have an expiration date that allows the policy to stay in place for a certain number of years. After that term has ended, the policy expires, and you will need to get a brand new policy to cover you.

There is also no cash value that builds up on these policies. However, they cost much less than whole life policies. This low price allows a lot of people to fit life insurance into their budgets that wouldn’t be able to otherwise.

Get Life Insurance Coverage

When you need to get a life insurance policy, call us at Pethel Insurance Group in Kannapolis, NC.