Auto Insurance

Umbrella Insurance: Extra Protection for a Rainy Day

Umbrella Insurance: Extra Protection for a Rainy Day May is known for its unpredictable weather, and just like sudden rainstorms, life can throw unexpected events your way. That’s why many people turn to umbrella insurance coverage—an extra layer of financial protection that goes beyond your standard home, auto, or renters insurance policies. At Paramount Insurance Agency, we believe peace of mind should be part of every plan. What Is Umbrella Insurance? Umbrella insurance is a type of liability coverage that kicks in when your underlying insurance (like home or auto) reaches its limit. It helps protect your finances in the event of large claims or lawsuits that would otherwise leave you responsible for out-of-pocket costs. [...]

Umbrella Insurance: Extra Protection for a Rainy Day2025-04-14T09:35:01-05:00

Understanding Auto Insurance Deductibles: What Drivers Should Know

Understanding Auto Insurance Deductibles: What Drivers Should Know Auto insurance can be confusing, especially when it comes to deductibles. At Paramount Insurance Agency, we believe that informed drivers make smarter insurance choices. Here’s a simple breakdown of how auto insurance deductibles work and how they impact your coverage and costs. What Is an Auto Insurance Deductible? A deductible is the amount you agree to pay out of pocket before your insurance company covers the rest of a claim. For example, if you have a $500 deductible and your repair costs are $2,000, you would pay the first $500, and your insurance would cover the remaining $1,500. Types of Deductibles Collision Deductible – Applies when your [...]

Understanding Auto Insurance Deductibles: What Drivers Should Know2025-04-08T10:16:02-05:00

How Paramount Insurance Agency Can Help You This Tax Season

How Paramount Insurance Agency Can Help You This Tax Season Tax Day is quickly approaching, and while most people are focused on filing returns and maximizing deductions, it's also a great time to reassess your financial security. Paramount Insurance Agency in North Carolina provides a range of insurance solutions that can complement your tax planning and financial strategy. Here’s how we can help: 1. Home Insurance & Property Deductions If you own a home, you may be eligible for tax deductions related to mortgage interest and property taxes. Ensuring that your home insurance policy is up to date with the right coverage can protect this valuable asset. If you’ve made any improvements to your home, [...]

How Paramount Insurance Agency Can Help You This Tax Season2025-03-31T12:45:07-05:00

What to Do After an Auto Accident: A Step-by-Step Guide

What to Do After an Auto Accident: A Step-by-Step Guide Getting into an auto accident can be overwhelming and stressful. Knowing what to do immediately after a crash can help protect your safety, ensure compliance with the law, and streamline the insurance claims process. Paramount Insurance Agency in High Point, NC, is here to guide you through the necessary steps. 1. Check for Injuries and Ensure Safety Your first priority is safety. Check yourself and passengers for injuries. If anyone is hurt, call 911 immediately. If it’s safe to do so, move your vehicle out of traffic to prevent further accidents. 2. Call the Authorities Even if the accident is minor, call the police. A [...]

What to Do After an Auto Accident: A Step-by-Step Guide2025-03-20T10:14:15-05:00

How to Save on Commercial Auto Insurance in North Carolina

How to Save on Commercial Auto Insurance in North Carolina Commercial auto insurance is essential for protecting your business vehicles and drivers, but it doesn’t have to be expensive. At Paramount Insurance Agency in North Carolina, we understand the importance of managing expenses while keeping your business protected. Here are practical tips to help you save on commercial auto insurance without compromising on coverage. 1. Bundle Your Insurance Policies One of the simplest ways to save is by bundling your commercial auto insurance with other business policies. Paramount Insurance Agency offers a range of commercial coverages, including general liability, property insurance, and workers’ compensation. By consolidating your policies with one provider, you can qualify for [...]

How to Save on Commercial Auto Insurance in North Carolina2025-02-25T11:11:13-05:00

Review and Refresh: When to Update Your Insurance Policies

Review and Refresh: When to Update Your Insurance Policies Life is constantly changing, and so are your insurance needs. Whether you’ve recently purchased a new home, expanded your business, or even just upgraded your car, it’s essential to keep your insurance policies up to date. At Paramount Insurance Agency, we believe that regular policy reviews are a crucial step to ensuring you’re adequately protected. Here’s when you should consider updating your insurance policies and why it’s so important. Why Update Your Insurance Policies? Insurance is not a one-size-fits-all solution. As your life evolves, your coverage needs may increase or decrease. Failing to adjust your policies can leave you underinsured or even paying for coverage you [...]

Review and Refresh: When to Update Your Insurance Policies2025-02-20T10:11:25-05:00

Why Are Home and Car Insurance Rates So High in North Carolina?

Why Are Home and Car Insurance Rates So High in North Carolina? If you’re a resident of North Carolina, you may have noticed that home and car insurance premiums seem to be on the rise. At Paramount Insurance Agency in High Point, NC, we often hear from clients wondering why their rates are so high. While this trend is frustrating, understanding the factors behind these increases can help shed some light on the situation. Here are the main reasons why insurance rates are climbing in North Carolina. Increased Weather-Related Risks North Carolina’s diverse geography—ranging from the mountains to the coast—makes it particularly vulnerable to natural disasters. Hurricanes, floods, and windstorms have become more frequent and [...]

Why Are Home and Car Insurance Rates So High in North Carolina?2025-01-08T16:58:26-05:00

“Stay Alive” During the Holiday Season

“Stay Alive” During the Holiday Season The holiday season brings love, family time, travel, and parties. However, if you aren’t cautious, it can also bring stress and anxiety, especially if something unfortunate happens while traveling. With Christmas and New Year’s fast approaching, more people are on the road in their personal cars. The increase in traffic raises the likelihood of being involved in an auto accident. Despite the congestion, you can prepare and take steps to avoid accidents and “stay alive” during the holiday season.   5 Safety Measures for the Holiday Hustle Outfit Your Vehicle Planning your trip includes preparing your vehicle with essential items before hitting the road. Make sure you pack: A fully [...]

“Stay Alive” During the Holiday Season2024-12-13T08:58:00-05:00

Understanding ‘Ceded’ N.C. Auto Liability Insurance: What It Means and How to Respond

If You Receive Notice That Your N.C. Auto Liability Insurance is Ceded, Will You Know What It Means? If you own or operate a vehicle in North Carolina, you are required to carry auto liability insurance. While this may sound straightforward, it can be more challenging than expected. A poor driving record with multiple accidents or violations can create obstacles to obtaining or maintaining N.C. auto insurance. A tarnished driving record may lead an insurer to cede your auto liability insurance. But if you receive notice that your N.C. auto liability insurance is ceded, will you know what it means? In most cases, auto insurance coverage cannot be denied. However, if your insurer determines that [...]

Understanding ‘Ceded’ N.C. Auto Liability Insurance: What It Means and How to Respond2024-11-07T10:49:43-05:00

Helpful Tips to Avoid Uninsured/Underinsured Motorists

Helpful Tips to Avoid Uninsured/Underinsured Motorists Owning and operating a vehicle in North Carolina requires you to carry auto liability insurance, as mandated by the state. While this law sounds good in theory, the reality is different. Just because insurance is required doesn't mean every driver on the road is insured, or that those who are have adequate coverage. Here are some helpful tips to avoid the risks posed by uninsured and underinsured drivers. The Minimum Limits of Liability for North Carolina Drivers In North Carolina, the minimum required limits for auto insurance are 30/60/25. These limits are listed on the Declarations Page of your policy and indicate how much your insurance carrier is obligated to pay [...]

Helpful Tips to Avoid Uninsured/Underinsured Motorists2024-09-12T12:51:15-05:00
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