High point insurance agency

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

Hot Shot Trucking in North Carolina

Hot Shot Trucking in North Carolina: Fast, Reliable, and On-Demand Freight Solutions In today’s fast-paced world, businesses rely on efficient and timely deliveries to keep operations running smoothly. For companies in North Carolina, hot shot trucking offers a perfect solution for urgent or time-sensitive shipments. At Paramount Insurance Agency in High Point, NC, we understand the unique needs of hot shot trucking businesses and provide insurance solutions to keep you on the road and protected. What is Hot Shot Trucking? Hot shot trucking involves transporting smaller, time-critical loads using medium-duty trucks rather than traditional semi-trucks. These shipments are often delivered directly to their destination without detours or delays, making hot shot trucking an efficient and [...]

Hot Shot Trucking in North Carolina2024-12-19T14:50:49-05:00

Long-Term Care Insurance in North Carolina

Secure Your Future with Long-Term Care Insurance in North Carolina As we age, planning for the unexpected becomes increasingly important. One critical aspect of this planning is ensuring you have a safety net in place for long-term care. For residents of North Carolina, especially in High Point, Paramount Insurance Agency is here to guide you through the complexities of long-term care insurance. What is Long-Term Care Insurance? Long-term care insurance helps cover the cost of care that isn't typically included in health insurance, Medicare, or Medicaid. This includes assistance with daily activities like bathing, dressing, eating, and mobility. Whether care is needed at home, in an assisted living facility, or a nursing home, long-term care [...]

Long-Term Care Insurance in North Carolina2024-12-18T15:58:28-05:00

Liability and Your Homeowners Policy: Hosting Holiday Parties Safely

Liability and Your Homeowners Policy: Hosting Holiday Parties Safely The holiday season is a time for celebration, gathering with family and friends, and creating cherished memories. However, if you’re planning to host a holiday party in your home, it’s important to understand how your homeowners policy in North Carolina relates to potential liabilities. As joyous as the festivities may be, accidents and mishaps can happen, and you want to be prepared. What Does Homeowners Insurance Cover? Homeowners insurance typically includes liability coverage, which protects you if someone is injured on your property or if you’re held responsible for damages to someone else’s property. This can extend to incidents that may occur during a holiday party, [...]

Liability and Your Homeowners Policy: Hosting Holiday Parties Safely2024-12-13T08:48:51-05:00
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