How Does Insurance Work If I Have A Single Vehicle Accident?

Single-vehicle accidents are more common than many realize and accounted for 53% of North Carolina traffic deaths in the most recent reporting year. Their frequency and severity suggest that you should know what to do when a single-vehicle accident occurs and how it is treated from an insurance standpoint. The Community Management Insurance Group team, serving Greensboro, NC, is here to answer your insurance questions and provide the coverage you need.

Understanding Fault in Single-Vehicle Accidents

North Carolina is an at-fault state, meaning we determine those who are at fault for an auto accident. The fault determines who pays the cost of injuries or damages resulting from the accident. More than one person or entity can be at fault, and the driver is not always at fault in single-vehicle accidents. There can be multiple factors contributing to a single-vehicle accident, including:

  • Swerving to avoid a vehicle that negligently pulls into your vehicle’s path
  • Snow, ice, rain, or fog, even after slowing down
  • Potholes and broken pavement
  • Hidden stop or warning signs
  • Hitting a deer, items falling from another vehicle, or swerving to avoid them
  • Manufacturer or service provider errors leading to faulty vehicles

Obtaining a police report and safely documenting the accident scene can be helpful when determining fault. Using your mobile phone to safely take pictures and video while truthfully describing the events leading to the accident, especially any of the contributing factors mentioned above, can be helpful during the investigation phase. 

Working with the Community Management Insurance Group 

If you live in or near Greensboro, NC, the friendly team at Community Management Insurance Group is ready to assist with your automobile and other insurance needs. Stop by today or call us at (336) 707-4377 to get started.

Differences between HOA Insurance and Homeowner’s Insurance

For those who own a home that is part of a homeowner’s association for the first time, our team at Community Management Insurance Group in Greensboro, NC, knows how confusing it can be to figure out what type of insurance you need. Protecting your home is as important as protecting your health through health insurance or covering your car through auto policies. If you’re unsure which type of insurance is right for your home, you’ll have an easier time deciding if you know what distinguishes them.

What Is HOA Insurance?

HOA insurance is paid through dues to a homeowner’s association. It can cover physical damage to the home and attached structures. It can also cover some liability-related costs and common areas the HOA shares. 

Those not part of an HOA will not need to get HOA insurance. Some HOAs may require homeowners to purchase additional types of insurance. The head of your HOA should know what kind of home insurance you need to acquire.

What Is Homeowner’s Insurance?

Homeowner’s insurance covers an individual’s primary residence. Unlike HOA insurance, it is not commercial insurance. Depending on the policy’s specific terms, it can cover physical damage to the home, liability, and other expenses.

What’s the Difference?

Homeowner’s insurance is paid through HOA dues whereas an individual homeowner pays homeowner’s insurance. While homeowner’s insurance only covers one structure, an HOA insurance policy covers all the properties of an HOA. If you’re unsure which one is right for you, you should speak with a qualified insurance agent on our team.

For more information on HOA and homeowner’s insurance, call our Community Management Insurance Group team in Greensboro, NC.

Classic Car Insurance’s Role in Car Club Activities

Classic car insurance significantly supports car club activities in and around the Greensboro, NC, area by providing specialized coverage and tailored solutions for enthusiasts who own and cherish vintage automobiles. Clients care about the protection of their vintage vehicles. 

Liability Protection for Club Events

Car club activities often involve gatherings, shows, rallies, and tours where classic car owners showcase their vehicles and interact with fellow enthusiasts. Classic car insurance includes liability protection that covers club events, covering damages or injuries resulting from accidents or incidents during club activities. This liability coverage protects classic car owners from potential legal liabilities and provides a safety net for participants and spectators, ensuring that club events can proceed smoothly and safely.

Support for Community Engagement

Classic car clubs serve as hubs for community engagement, bringing together enthusiasts who share a passion for vintage automobiles. Classic car insurance supports these endeavors by covering club-sponsored activities, charitable events, and community outreach initiatives. By ensuring classic car owners have the necessary insurance coverage to participate in club activities and engage with their communities, classic car insurance fosters camaraderie, collaboration, and shared appreciation for automotive history and culture.

Preservation of Automotive Heritage

Classic car insurance is vital in preserving automotive heritage by safeguarding vintage vehicles and supporting enthusiasts’ continued enjoyment. By providing specialized coverage and tailored solutions for classic car owners, insurance companies contribute to the longevity and vibrancy of classic car culture. Classic car insurance enables enthusiasts to maintain and restore vintage automobiles, ensuring that these automotive treasures remain in integrity over our cultural heritage for future generations to appreciate and enjoy.

How Community Management Insurance Group Can Help You

At Community Management Insurance Group, we can help answer questions concerning classic car insurance. We serve the Greensboro, NC, area. Call us today. 

Classic Car Insurance’s Role in Car Club Activities

Classic car insurance significantly supports car club activities in and around the Greensboro, NC, area by providing specialized coverage and tailored solutions for enthusiasts who own and cherish vintage automobiles. Clients care about the protection of their vintage vehicles. 

Liability Protection for Club Events

Car club activities often involve gatherings, shows, rallies, and tours where classic car owners showcase their vehicles and interact with fellow enthusiasts. Classic car insurance includes liability protection that covers club events, covering damages or injuries resulting from accidents or incidents during club activities. This liability coverage protects classic car owners from potential legal liabilities and provides a safety net for participants and spectators, ensuring that club events can proceed smoothly and safely.

Support for Community Engagement

Classic car clubs serve as hubs for community engagement, bringing together enthusiasts who share a passion for vintage automobiles. Classic car insurance supports these endeavors by covering club-sponsored activities, charitable events, and community outreach initiatives. By ensuring classic car owners have the necessary insurance coverage to participate in club activities and engage with their communities, classic car insurance fosters camaraderie, collaboration, and shared appreciation for automotive history and culture.

Preservation of Automotive Heritage

Classic car insurance is vital in preserving automotive heritage by safeguarding vintage vehicles and supporting enthusiasts’ continued enjoyment. By providing specialized coverage and tailored solutions for classic car owners, insurance companies contribute to the longevity and vibrancy of classic car culture. Classic car insurance enables enthusiasts to maintain and restore vintage automobiles, ensuring that these automotive treasures remain in integrity over our cultural heritage for future generations to appreciate and enjoy.

How Community Management Insurance Group Can Help You

At Community Management Insurance Group, we can help answer questions concerning classic car insurance. We serve the Greensboro, NC, area. Call us today. 

Renters’ Insurance Coverage Guidelines for Shared Living Spaces

If you are sharing a rental with a friend or loved one, make plans to insure the possessions you are solely responsible for. Use the guidelines below to protect your belongings during your tenancy.

Your Rental

Before you insure your belongings, you should inspect the rental unit you and the other person will be sharing. During the inspection, take note of any issues that could affect the security of your possessions.

In addition, decide which areas you will use to store your possessions. Designate areas for your stuff and areas for the other person’s belongings.

Your Inventory

Prepare an inventory of all the items you will be moving into your rental unit. The inventory should include the item type, quantity, and value.

Your list will come in handy when you shop around for a renters’ insurance policy. You can refer to the list for a quote for your preferred coverage type.

Updated Records

Plan on updating your personal records on occasion. These records should indicate any changes in the number of possessions you own. For instance, if you sell some furniture in the future, you should plan on removing the furnishings from your renters’ insurance policy.

If you purchase new items of value, they should be added to your policy. Review your records at scheduled times. By conducting a thorough review, you will be able to keep your insurance coverage up to date.

Contact Community Management Insurance Group

Contact a representative of Community Management Insurance Group for further assistance. An agent who serves Greensboro, NC, will set up your renters’ insurance policy.

I have a small online business. Do I need umbrella insurance?

Many businesses benefit from the protection that insurance provides. Unexpected events and circumstances can harm day-to-day business operations and reduce profits. As a result, insurance provides the coverage many businesses need to protect their assets and profits, as well as receive liability protection. Community Management Insurance Group is committed to helping Greensboro, NC business owners get the protection they need. 

What is umbrella insurance?

Umbrella insurance is secondary or backup insurance. For example, umbrella insurance kicks in after the limits of the primary business insurance policy have been met. Once the limits of your primary insurance have been met, any coverage that is still needed is covered by an umbrella insurance policy. Umbrella insurance can sometimes act as primary insurance if the primary policy doesn’t cover a particular situation or circumstance. Umbrella insurance kicks in only after the limits of the primary insurance policy have been met and exceeded. Similar to primary insurance, umbrella insurance covers liability, property damage, injuries, lawsuits, and more. 

I have a small online business. Do I need umbrella insurance?

Maybe. Regardless of the size of your business, there are still potential pitfalls that could be harmful to your business. Umbrella insurance can provide legal protection in addition to a whole host of other protections. In short, umbrella insurance creates peace of mind when it comes to the unexpected. None of us can predict the future. However, knowing that we have a secondary insurance policy ready and available to meet our business needs, should we need it, is invaluable to many business owners. One lawsuit, accident, or injury could greatly affect your business. Umbrella insurance protects you from lawsuits, loss, theft, vandalism, and more. Of course, some businesses have more risks and vulnerabilities than others. However, many businesses, large or small, online or in 3D, want to protect their business.

Schedule A Consultation Today

If you have more questions about umbrella insurance, call us at Community Management Insurance Group. We’d be happy to help you explore your options in Greensboro, NC. 

Why All Homeowners Need Flood Insurance

Making sure that you and your home are protected is important for every homeowner. No matter where you are, you could end up with a flood that devastates your home. If you’re a homeowner, it’s always a good idea to have this coverage in place. It can protect you in many ways from extreme expenses that could make you bankrupt if you don’t have coverage.

If you want protection against flooding, call us today at Community Management Insurance Group in Greensboro, NC.

Flood Zones

There are specific places that are labeled as flood zones. They may have a body of water close to them, or they may simply be in an area that regularly floods. If you live inside one of these areas, it’s often required that you have flood insurance. The area will be prone to flooding at a certain point. Some flood zones are called 50-year flood zones or another number of years that corresponds to how often it floods. However, if you don’t live in a flood zone at all, your area can still flood. Twenty percent of flood claims that are sent are from areas that are not in flood zones. No matter what the terrain is, you could be a victim of flooding. 

Home and Flood Insurance 

If you’re putting off getting flood insurance because you think your home insurance policy will cover it, think again. Home policies don’t cover floods. If you don’t specifically have a flood policy, you could face serious financial problems after a flood if you aren’t covered for it. You need both a home policy and a flood policy to stay protected against many risks your home and belongings face. 

Get a Flood Insurance Policy

To get your policy, call us at Community Management Insurance Group in Greensboro, NC to find out more about this type of policy. 

Condo Insurance Not Only Protects You From Your Risks But Also Risks From Neighbors

Condominiums have become a popular residential option for many people who don’t want the trouble and expense of maintaining a single-family property. However, the connectedness of condominium units entails special risks that can affect your own living space. At Community Management Insurance Group in Greensboro, NC, we provide condo insurance to protect condo owners against loss.

What Does Condo Insurance Cover?

Condominium insurance generally offers coverage for your condo’s interior walls, flooring, and ceilings. The exterior of your condominium structure is usually covered by the homeowners association master plan. Your insurance will also cover personal possessions kept in your condo, as well as providing liability coverage if someone is injured in your unit.

Protecting Your Investment Against Hazards That Your Neighbors Create

The difference between insurance for a single-family home and for a condominium is the question of additional risk. When you have a single-family residence, what your neighbor does is unlikely to affect you unless something encroaches across your property line. In a condominium, however, the actions your neighbor engages in could affect your own condo. For example, carelessness in the kitchen could cause a fire that damages your property, or a broken water line can cause water damage to your property. Condo insurance recognizes these special risks from having your property abut someone else’s.

Choose Us for Your Condo Insurance

The right insurance can allow you to rest assured that whatever happens, you will not be faced with significant financial loss. We offer a wide range of insurance products for your needs. Contact Community Management Insurance Group in Greensboro, NC today for a no-obligation quote on condo insurance to protect your property.

Why do I need to get a life insurance policy?

When you are in the Greensboro, NC area, you are going to have various insurance needs that should be met. When you are looking for insurance, you need to consider your life insurance needs. There are a lot of great examples of why life insurance is a good addition to your insurance plan. 

Financial Support for Dependents

A primary advantage of having life insurance is that you can offer financial support for your dependents. Those who are going to invest in life insurance will be able to build a policy that is curtailed to meet the needs of their dependents. This can include ensuring that you have coverage for all future costs they may incur including the cost of living, higher education expenses, and even retirement for your spouse. Ultimately, this can offer peace of mind knowing that your dependents have this financial coverage. 

Investment Advantages

A life insurance policy also offers various investment advantages. If you choose a whole life insurance plan, a portion of each payment builds into a cash value account, which will also grow with interest. In the future, you have the option to close and liquidate this account. With a whole life plan, you will have a unique and low-risk investment, which is a good addition to any personal investment plan. 

Consult With Us

If you are in the Greensboro, NC area, you will want to make sure you are properly covered with life insurance. As you are shopping for plans, you are bound to find that there are a lot of choices to make and our team with the Community Management Insurance Group can help. Our professionals with Community Management Insurance Group know the value of this coverage and can ensure you choose an ideal policy that will meet your needs. 

Do I need to purchase auto insurance when I rent a car?

Having an accident in a rental car is different because the rental car agency holds an interest in the car too. If you are involved in an accident, the agency will want to make sure that any related bills are promptly paid. Rental car companies in Greensboro, NC need their vehicles to look and run great because that is their business. That is why they pressure their customers to purchase rental car insurance even if they already have car insurance.

At Community Management Insurance Group, we can help you look at your policy so that you know whether you already have the protection you need. In many cases, you will not need to purchase additional rental insurance if you already have auto insurance.

Rental Car & Auto Insurance

Rental car insurance is not a legal requirement in Greensboro, NC. Rental companies have some rules that they can enforce about who is allowed to rent a car. Your rental car agreement is a contract, and you should read it carefully before you take possession of your rental.

If you only have basic car insurance, you probably don’t have coverage for rentals. That means that when you rent a car, you are driving without insurance. Most people who still owe on their vehicles have full coverage because full auto insurance coverage is a normal requirement when you have a car loan. Many individuals continue to carry full coverage after their loans are paid off because of all the extra protections.

We Are Here To Help

If you do not have your own coverage, take the rental car insurance. It can be expensive, but it is well worth it. If you would like to make sure that you have rental car coverage on your auto insurance, please feel free to call Community Management Insurance Group today.