Under North Carolina law, a person that owns a vehicle must have at least liability coverage and the following coverage amounts:

                        Bodily Injury (One Person)                            $30,000

                        Bodily Injury (Two or More People)             $60,000

                       Property Damage                                            $25,000

Some factors that can affect your car insurance premium is the car or cars you drive, demographic factors, deductibles, your credit, driving habits, and the coverages you choose.

There is no sure-fire formula to help you figure out if you should remove full coverage from a vehicle.  Some agents say if your vehicle is ten years old and/or has 125,000 miles on it, you may consider removing full coverage.

Depending on how much your vehicle is worth is also a good determining factor.  If your vehicle is not worth much, there is no reason to keep paying for full coverage when that extra money could be put towards a new car.     

Perils included, but not limited to :

• Fire
• Lightning
• Hail Damage
• Wind
• Wind from named Hurricanes, tropical depressions and tropical storms
• Smoke
• Explosion
• Wood Burning Stove
• Theft
• Vandalism
• Mysterious Disappearance
• Riot and Civil Commotion
• Water damage and Freezing
• Bursting of heating system or hot water tank
• Collapse of a building or any part of building due to the weight of ice, snow or sleet or weight of rain which collects on the roof
• Mold and Mildew
• Weight of ice or snow

Note:   “Flooding” (water from the ground up and water seepage to name a few) is not covered under a homeowner’s policy.  A Flood Policy is a separate policy that must be purchased for your home to be covered in case of flooding.

Water that comes from the roof down (rain, snow, and sleet to name a few) is covered under your homeowner’s policy.

A Personal Umbrella Liability Policy adds extra liability coverage over and above what your existing insurance policies, such as your Auto and Home, cover your for. This policy helps protect you, your family, and your assets from potentially devastating liability claims or judgements. A personal umbrella liability policy becomes effective after your underlying liability limits (Auto, Home, etc.) have been attained.