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Top Insurance Tips for First-Time Homebuyers in North Carolina

Top Insurance Tips for First-Time Homebuyers in North Carolina Buying your first home is exciting, but it also means making smart choices about insurance. At Paramount Insurance Agency, we’re here to help North Carolina’s first-time buyers protect their investment. Here’s what you need to know: 1. Know What Home Insurance Covers Home insurance typically protects your house, personal belongings, liability, and living expenses if your home becomes uninhabitable. In North Carolina, however, flood and earthquake damages aren’t covered by standard policies. If your new home is in a high-risk area, consider adding extra coverage. 2. Compare Quotes to Save Money Insurance rates differ between providers, so shopping around is essential. Paramount Insurance Agency works with [...]

Top Insurance Tips for First-Time Homebuyers in North Carolina2025-02-27T16:43:18-05:00

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

Essential Insurance Coverage for Your Trucking Company

Essential Insurance Coverage for Your Trucking Company Running a trucking company comes with significant risks, making the right insurance coverage essential for protecting your business, drivers, and assets. Whether you operate a single truck or a large fleet, having the appropriate insurance ensures compliance with legal requirements and financial security in case of accidents or unforeseen events. Here are the key types of insurance every trucking company should consider. 1. Primary Liability Insurance This coverage is legally required for all trucking companies and protects against damages or injuries caused to others in an accident where the truck driver is at fault. It does not cover damage to your own truck but ensures you meet federal [...]

Essential Insurance Coverage for Your Trucking Company2025-02-14T15:40:38-05:00

Navigating the 2025 Homeowners Insurance Rate Increases in North Carolina

Navigating the 2025 Homeowners Insurance Rate Increases in North Carolina In January 2025, North Carolina Insurance Commissioner Mike Causey reached a settlement with the North Carolina Rate Bureau regarding homeowners insurance rates. Initially, the Rate Bureau proposed a steep 42.2% average statewide increase, with some areas facing hikes of up to 99.4%. After negotiations, a more moderate increase was agreed upon to balance the financial stability of insurance providers with affordability for homeowners. Key Details of the Settlement Phased Rate Increases: Homeowners insurance base rates will increase by an average of 7.5% on June 1, 2025, followed by another 7.5% hike on June 1, 2026. This gradual approach allows homeowners to adjust over time. Territorial [...]

Navigating the 2025 Homeowners Insurance Rate Increases in North Carolina2025-02-10T09:48:29-05:00

Why Flood Insurance is Essential for North Carolina Homeowners

Why Flood Insurance is Essential for North Carolina Homeowners Living in North Carolina, we are no strangers to the power of nature. From hurricanes and tropical storms to heavy rainfall, flooding is a risk that many homeowners face across the state. At Paramount Insurance Agency in High Point, NC, we want to help you protect what matters most. Here’s everything you need to know about flood insurance and why it’s a crucial part of your financial safety net. Understanding the Risk of Flooding in North Carolina North Carolina is home to diverse landscapes, from coastal areas to mountainous regions, all of which are vulnerable to flooding. Even if you live in a low-risk area, heavy [...]

Why Flood Insurance is Essential for North Carolina Homeowners2025-02-14T13:37:01-05:00

Exploring the Different Types of Deferred Annuities

Exploring the Different Types of Deferred Annuities Deferred annuities are a versatile tool for securing your financial future, offering various options to meet unique needs and goals. At Paramount Insurance Agency in High Point, NC, we specialize in helping our clients understand their options and make informed decisions. Here, we delve into the three main types of deferred annuities and what makes each one unique. 1. Fixed Deferred Annuities Fixed deferred annuities provide a guaranteed interest rate over a specified period, making them a safe choice for those seeking predictable growth. Key Features: Guaranteed interest rates ensure consistent growth. Protection of principal, regardless of market conditions. Ideal for conservative investors who prioritize stability. 2. Fixed [...]

Exploring the Different Types of Deferred Annuities2025-01-16T14:32:40-05:00

Understanding Deferred Annuities in North Carolina

Understanding Deferred Annuities in North Carolina Deferred annuities are a valuable financial tool that can help individuals secure their financial future. For residents of North Carolina, understanding the benefits and implications of deferred annuities is essential to making informed financial decisions. This blog explores what deferred annuities are, their benefits, and their impact on individuals and families in the state. What Is a Deferred Annuity? A deferred annuity is a financial contract between an individual and an insurance company, designed to help individuals grow their savings on a tax-deferred basis. Unlike immediate annuities, which start making payments shortly after purchase, deferred annuities allow the account value to grow over a period before the payout phase [...]

Understanding Deferred Annuities in North Carolina2025-01-10T15:29:16-05:00

Term Life Insurance in North Carolina

Term Life Insurance in North Carolina: Affordable Protection for Your Loved Ones Life is unpredictable, and ensuring your loved ones are financially secure is one of the most important steps you can take. For residents of High Point, NC, Paramount Insurance Agency is here to help you navigate the world of term life insurance. This type of policy offers straightforward, affordable coverage that provides peace of mind for you and your family. What is Term Life Insurance? Term life insurance provides coverage for a specific period, or "term," such as 10, 20, or 30 years. If you pass away during the term, the policy pays a death benefit to your beneficiaries. Unlike whole life insurance, [...]

Term Life Insurance in North Carolina2025-01-10T13:50:03-05:00

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
Paramount Insurance Agency is an independent insurance agency offering personal and business insurance protection to families and businesses all over North Carolina including High Point, Greensboro, Winston-Salem, Burlington, Raleigh, Cary, Wilmington, Charlotte and Asheville.

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