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Kannapolis, NC 28083

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How do you further protect your home after a covered peril?

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When your home is damaged by a peril covered by your insurance policy, each homeowner has specific responsibilities to ensure that no further damage occurs to the property before a claims adjuster can come and assess the damage. This prevents a $2000 claim from becoming a $20,000 situation and aids in your faster return to your home and return to the normalcy you and your family desire.

At Pethel Insurance Group in Kannapolis, NC, we understand that during a time of loss, your emotions are high, and your stress is unbelievable. So, we are here to help guide you through what to do next.

What is a Covered Peril?

A covered peril is a thing that your insurance policy covers your home against. Those things include fire, smoke damage, explosion, lightning strikes, wind and hail, theft, and falling objects. In addition, you can get coverage to protect your home against water damage, vandalism, malicious mischief, the weight of ice and snow, and damage from aircraft or vehicles. There are other damages, such as floods, earthquakes, and volcanic eruptions, that you can also get coverage for.

Check your homeowner’s policy to see what perils are covered.

After an Incident Has Occurred

Once you have filed a claim, you need to protect your home. First, you should document any damage you see in the house by writing it down and taking pictures. Then, take an inventory of everything that was damaged or destroyed, including the cost and what you believe it will cost to replace the items.

Next, you take steps to prevent additional damage, such as boarding up broken windows or placing a tarp on a leaking roof. You also make any temporary repairs needed in order to avoid further damage. Finally, save receipts for any supplies and materials you purchased to be reimbursed by insurance.

Then, you will need to provide any information that the insurance company may need during the investigation so that they can get your claim processed in a timely manner. Contact the fire department or police authorities for any relevant information to process your claim.

Lastly, never admit fault when speaking to an insurance adjuster; instead, disclose all events as they happened.

Give us a call today!

If you have any more questions or concerns about your responsibility after a covered peril, we are here to help. Call Pethel Insurance Group in Kannapolis, NC, at (704) 933-9488 today.

Does Renters Insurance Cover My Roommate?

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Renters insurance provides financial protection in the event of a covered incident. If you rent an apartment, having renters insurance can save you money should you need to replace your belongings due to events like a fire or theft. If you need renters insurance, the professionals at Pethel Insurance Group servicing Kannapolis, NC can help. If your roommate also needs renters insurance, we can provide answers to help both of you get the coverage you need.

What Does Renters Insurance Cover?

Renters insurance covers the repair or replacement of belongings when a covered event occurs. For example, if a kitchen fire damages your apartment, your renter’s insurance will pay to repair or replace damaged belongings.

Every policy is different, but standard renters insurance typically covers events such as:

  • Windstorm
  • Fire
  • Smoke
  • Theft
  • Vandalism
  • Explosion
  • Lightning

Your renter’s insurance policy may also cover certain types of water damage.

Will It Cover My Roommate’s Stuff?

If your roommate’s items are damaged in a covered event, they will not be covered by your renter’s insurance policy unless your roommate has been added to your policy. Most insurance companies require roommates to have their own separate insurance policy.

My Roommate Wants Insurance – What Should They Do?

If your roommate is interested in renters insurance, you can provide them with the contact information for Pethel Insurance Group servicing Kannapolis, NC. We offer renters insurance to clients who want to protect their belongings during a covered event. We work with a range of insurance carriers to make this possible so you and your roommate can find the best policy for their needs. Call today.

Preparing Your Motorcycle for Winter

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Pethel Insurance Group provides insurance coverage to numerous motorcyclists in Kannapolis, NC, and we want to ensure their bikes are well maintained. Proper motorcycle maintenance can help lower insurance claims, so follow these tips when preparing your motorcycle for winter storage.

Taking Care of Your Battery

When it comes to keeping your battery charged, you have a couple of options. You can either connect it to a trickle charger that charges your battery until it’s full and then stops, or you can disconnect your battery entirely from the motorcycle before storing it for winter.

Maintaining Your Fuel Tank

An empty fuel tank can rust over winter. Prevent this by filling your gas tank before storing your motorcycle. However, gas can thicken over time, leading to blocked fuel lines or carburetor issues when you ride again. Adding a fuel stabilizer to your gas tank before storing your motorcycle during the colder months can help prevent this.

Preservation of Cables and Chains

Use oil and lubricant on the motorcycle’s cables and chains before storing them. This can prevent them from corroding and make them less likely to stick when you ride in the spring.

Cleaning Your Bike

Similar to how people prefer a thorough cleanse, motorcycles benefit from a thorough wash and wax. After washing your bike, apply wax to all painted surfaces to protect them from corrosion. Spray WD-40 on all the chrome and metal parts of your motorcycle. As "WD" stands for water displacement, it protects your bike’s metals by creating a protective layer. Make sure to wipe it off before you ride your bike in the spring.

Secure Your Motorcycle with Us

You take care of covering your bike after parking it safely for winter. Let Pethel Insurance Group handle insuring your motorcycle in Kannapolis, NC. Connect with us today to start building your motorcycle policy.

Tips for Having Life Insurance Conversations With Your Family

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Discussing life insurance can sometimes feel awkward and melancholy. People naturally avoid contemplating mortality, but preparing for inevitable life challenges requires honest discussions. At Pethel Insurance Group, serving Kannapolis, NC, and the surrounding areas, we aim to assist families in navigating these challenging topics. The following are several tips for facilitating these difficult discussions.

Properly Prepare Family Members For the Conversation

Most people are uncomfortable when unwittingly thrust into intense discussions, particularly concerning subjects that they already find disconcerting. It’s important to notify your family members ahead of time about the significance of this topic to you and schedule a time for a collective discussion.

Be Gentle

If you have a family member who is particularly sensitive to discussions about death or dying, you should approach this conversation with extra care. Explain the necessity of these tough topics, emphasizing that avoiding further pain following a loss is important.

Explain How Insurance Helps

It’s also crucial to elucidate how insurance can provide relief during the distressing time of losing a loved one. It helps cover final expenses, ensuring the deceased obtains their preferred final arrangements. Furthermore, insurance ensures that the remaining family members are financially cared for without the deceased’s income.

If you’d like to learn more about life insurance, contact Pethel Insurance Group, serving Kannapolis, NC, and the surrounding regions. We’re here and ready to answer your questions.

The Importance of Renewing Your Auto Insurance Policy Annually

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Kannapolis, NC residents often enjoy driving due to its subtropical climate, southern charm, and convenient location near the interstate. However, unexpected vehicle accidents do occur, and preparedness for such incidents is key. At Pethel Insurance Group, we offer comprehensive auto insurance for financial protection against covered losses. Renewing your auto policy each year safeguards you and others on the road, granting you peace of mind.

Reasons to Renew Your Auto Insurance Policy

There are several reasons to renew your auto insurance each year, including the following:

1. Legal Requirements

In North Carolina, all vehicles with a valid registration must have continuous liability insurance from a company licensed to do business in the state. Out-of-state policies are not accepted. Annual auto insurance renewal keeps you compliant with local laws and regulations.

2. Financial Protection

Auto insurance provides policyholders with financial protection in accidents, vehicle damage, or theft. Without adequate coverage, you could personally be liable for covering such expenses. Auto insurance also covers injuries and damages caused to third parties involved in an accident where you are at fault.

3. Lender Compliance

Many individuals work with lenders to finance their vehicles, making payments over time more manageable. Often, these lenders require borrowers to maintain comprehensive and collision coverage until the loan has been paid in full. Annual renewal of your auto insurance policy ensures continued compliance with these requirements.

Speak with an Experienced Insurance Agent Today

Located in Kannapolis, NC, Pethel Insurance Group is an independent insurance agency that has served the local area since 2006. To learn more about our auto insurance options, call us today at 704-933-9488.

Commercial Insurance Covers More Than You Might Expect

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The Pethel Insurance Group serves business owners in Kannapolis, NC, and all of western North Carolina. Although most of our customers are aware that their commercial insurance covers their buildings and personal property, some find certain add-ons to commercial coverage highly desirable.

Basic Commercial Insurance Coverage

Your commercial policy covers your building. This can be a building you own or a net lease, a property you don’t own but are responsible for insuring. Any machinery that is permanently attached is considered part of your building.

Your commercial policy also covers your business property. This includes furniture and fixtures, movable equipment, inventory, upgrades you make to a space you rent, and leased equipment you have a responsibility to insure.

Where do you need an agent to ensure you get the right coverage? Your policy’s cause of loss page can be special, basic, or broad.

Why does this make a difference?

  • The particular cause of loss form means that every peril that can cause you damages is included unless it is specifically excluded.
  • Basic and broad cause of loss means that every peril that can cause you damages is excluded unless it is specifically included.

Your Pethel Insurance Group agent can verify the kind of coverage you have.

Two Kinds of Commercial Insurance You May Want to Add to Your Policy

Many of our customers in Kannapolis, NC, and beyond need business interruption insurance. This rider to your commercial policy pays your payroll, normal operating expenses, and even your expected net income while your business is non-operational (or losing money) due to a covered event.

It’s also possible to get coverage for equipment breakdowns. This rider offers coverage when, for instance, your boiler goes out, your elevator doesn’t work, electrical systems fail, or your manufacturing equipment is nonfunctional.

Don’t forget to ask your Pethel Insurance Agent about commercial insurance!

Pethel Insurance Group has the experience and expertise to help you make sure you have exactly the coverage you need. Call us today!

What First Time Homeowners Need to Know About Insurance

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Buying your first home is a momentous accomplishment. Your home will probably be one of your biggest investments in life, and you want to do everything you can to protect it. At Pethel Insurance Group, serving Kannapolis, NC, we want to help first-time homeowners get educated on insurance.

Required for Your Mortgage

If your new home will have a mortgage payment attached to it, it’s most likely required by the mortgage company that you carry homeowners insurance. This is to protect the money that the mortgage company has put on the line for the home. This way, if the house is damaged or destroyed, the insurance company can pay off the mortgage on the home. 

Protection for Your Financial Future

Most people think of homeowners insurance as a nuisance and just an extra expense, but this is a way of protecting your financial future. Even if you don’t have a mortgage on your home, having insurance in place is highly advisable. This is because if the house is damaged or destroyed and there isn’t insurance in place, you’d be personally responsible for paying for repairs or home replacement out of pocket. Most families could not handle this type of enormous expense unexpectedly. This can lead to homelessness. 

Getting sufficient insurance in place for your home is necessary for your housing security and your financial security.

Personalized 

Every home and family is different, so home insurance policies must be unique as well. The best way to figure out how much coverage you need is to talk with an insurance professional. They can evaluate the value of the home and belongings inside to determine a coverage amount.

If you’d like to learn more about home insurance, please contact Pethel Insurance Group, serving Kannapolis, NC, and the surrounding areas.

Loss Of Use Coverage for Renters

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Loss of use coverage provides protection when you are unable to occupy your rental unit. Review some situations that would benefit from this type of coverage. If you want to update your existing renters’ insurance policy, contact one of our agents representing the Pethel Insurance Group.

Flooding

If your rental unit becomes flooded, you cannot safely remain in it. A loss-of-use coverage plan will provide you with alternate accommodations while you are temporarily unable to stay in your home.

Burglary

If your rental is robbed, the severity of the incident could prevent you from living there. If criminal activity occurs that will take a while to investigate, you may be advised to seek a temporary living situation.

Renovations

An active renovation in your rental may require you to live somewhere else while the project is underway. Your loss of use coverage would pay for a hotel room or another type of dwelling where you will be staying for the time being.

Structural Damage

An unforeseen weather event could damage the structural materials of your rental. If your rental unit is deemed uninhabitable, you will need to seek an alternate living situation. Your insurance coverage may pay for the accommodations you need while the damage is being repaired.

Additional Guidance

Loss of use coverage can benefit you in many situations while actively renting your residence. Contact an agent who serves Kannapolis, NC. The agent will consult you about the loss of use coverage you need while renting your apartment or house.

What First-Time Riders Must Know About Motorcycle Insurance

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Motorcycle riding brings a unique sense of freedom and thrill, particularly to the residents of Kannapolis, NC. But if you are a novice, there are legal requirements you need to be aware of before hitting the road. One crucial requirement is motorcycle insurance, which varies significantly from your car insurance policy. The team at Pethel Insurance Group is ready to guide you on the mandatory insurance coverage for your newly acquired motorcycle.

Essential Coverage for First-Time Riders

At first glance, motorcycle and automobile insurance may seem similar, but the reality is quite different. Motorcycle insurance requires a standalone policy for legal compliance. While it may have similar categories like bodily and property liability for covering accidents, remember that the two policies function independently.

If your motorcycle is financed, the lender may likely require comprehensive and collision coverage on your policy. Comprehensive coverage pays for theft or damage that didn’t result from an accident, while collision coverage assists in repairing your bike if you collide with another vehicle or damage it while avoiding a potential accident. Depending on your policy, it might even replace your bike up to its limit, less the deductible.

Additional Coverage to Consider

Aside from the mandatory coverage, a savvy motorcycle rider may want to explore additional coverage for optimal protection. Medical payment coverage is wise, as it helps compensate for medical expenses if you and a passenger are injured in an accident. Furthermore, uninsured/underinsured coverage would cover damages to your motorcycle and medical bills if the at-fault driver does not have adequate insurance coverage.

Contact the Pethel Insurance Group, serving Kannapolis, NC, today to develop a tailored motorcycle insurance policy that fits your needs and guarantees your safe and legal rides.

Life Insurance for Your Kids

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We believe life insurance is appropriate for every child at the Pethel Insurance Group, serving Kannapolis, NC, and all of Cabarrus and Rowan counties. There is no more horrible experience for any parent than losing a child. Making sure you have enough life insurance can cover final expenses and give you the resources for taking some time off to mourn the loss of your child. And even if you raise your child to a happy and healthy adulthood, as most of our customers do, insuring your kids has some other advantages.

Buying Life Insurance Now Locks In Rates

When a child turns 21, the ownership of their life insurance policy transfers from the parents to the child. Coverage that starts when the insured is a child generally continues at the same monthly, quarterly, or annual rates when they are adults. These rates are locked in even if they develop medical conditions that make them hard to insure.

Whole Life Insurance Grows in Value

Buying a whole life policy for your child gives them a source of ready cash they can access through loans later on. Your child’s credit rating doesn’t limit these loans. 

Depending on the policy you choose, whole life can insure your child’s life until they turn 65 or even 100. There are whole-life policies that are paid in full after a stated number of years, available to be cashed out or paid on death, as needed.

High-Income Parents Can Use Whole Life to Transfer Money to Their Children Tax-Free

At Pethel Insurance Group, we can advise high-income parents on how to use whole life insurance to transfer wealth to their children while legally avoiding North Carolina and federal gift and income taxes. For wealthy families, this is a powerful incentive to maximize their investments in life insurance for their children.

Pethel Insurance Group is convenient to families in and around Kannapolis, NC. Call us to make an appointment to discuss all of your life insurance needs.

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