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Tarheel Insurance Group

201 N Front St
Suite 915
Wilmington, NC 28401

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324 S Wilmington
St #305
Raleigh, NC 27601

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Four reasons why you need renters insurance

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There are plenty of important reasons why you should have renters insurance if you rent your home. Come to Tarheel Insurance Group to have your renters insurance needs met in Wilmington, NC. 

The following are four reasons why you need renters insurance. 

You might be required by your landlord to carry renters insurance.

In some cases, you might have to carry renters insurance in order to be able to rent your home. There are some landlords out there who require their tenants to carry renters insurance.

You should make sure that you choose a good renters insurance policy if coverage is required by your landlord. 

Renters insurance can cover the costs of lodging if your rental unit is temporarily uninhabitable.

A natural disaster or another type of destructive event that damages your rental unit could make it so that you have to temporarily find alternative lodgings. When this happens, you can rely on renters insurance to cover the costs of alternative lodging. 

Renters insurance provides you with liability coverage.

You could be held liable for costs if a guest in your rental home experiences an injury. Fortunately, renters insurance will cover you for expenses that result from a liability situation like this. 

Renters insurance can protect the value of your belongings. 

You might have many valuable possessions in your rental unit. If your rental unit experiences damage from an event such as a fire, your belongings could be destroyed. Renters insurance can compensate you for your losses in this situation. 

Give Us A Call

Let us provide you with a quote on a renters insurance policy in Wilmington, NC. Tarheel Insurance Group is a provider of renters insurance that you can rely on to protect the value of your belongings and to cover your liability expenses. 

How to get a boat ready for a storm

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Tarheel Insurance Group is happy to serve Wilmington, NC area boat owners with all their insurance needs and related queries. When it comes to preparing your boat for a storm, there are a few key things that you need to keep in mind.

How to get a boat ready for a storm

The first step is to make sure that all of the safety equipment on board is up-to-date and functioning correctly. This includes checking over your flares, life jackets, and any other safety gear that you have with you. You’ll also want to make sure that every bilge on board is clean and clear of any debris, so that water won’t be able to flood them during the storm easily.

In addition to the above steps, you’ll also want to check over the steering system and rudder joints on your boat before a big storm hits. This will help you to ensure that there aren’t any issues with the steering or rudder and that everything is operating as it should.

Finally, be sure to take precautions regarding your mooring lines before a storm arrives. Make sure that they are properly maintained so that they can handle the extra strain of strong winds and large waves during a storm. Additionally, double-check their length and condition to make sure they are in good shape!

Getting your boat ready for a storm can seem like a daunting task at first glance. However, if you follow the tips above and prepare in advance, you can feel confident knowing that your boat is ready for even the harshest storms!

Contact Us Today

If you have any questions about how to care for your boat, or about insuring it against damage from storms and other events, give Tarheel Insurance Group a call today. We proudly serve the Wilmington, NC area.

Common Reasons Parents Should Consider Carrying Life Insurance on Their Adult Children

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At Tarheel Insurance Group, serving the greater Wilmington, NC area, one of the questions that we are frequently asked about life insurance is whether a parent should carry a life insurance policy on their adult child. In some instances, it makes sense for a parent to carry life insurance on their grown child.

Common reasons why you may want to take out a life insurance policy on your adult child:

Co-Signing for Debt

If you have co-signed an auto loan, student loan, or other types of loan for your child, you are required to pay back the money if your child passes away. This may place a burden on you, especially if you were depending on your adult child to pay back their own debt. Having life insurance helps to pay down that debt in the event you find yourself in this situation. 

Relying on Children to Pay Bills

In many cultures, adult children provide for their elderly adult parents. This may include keeping a roof over their heads and providing them with food. If you are relying on an adult child to pay your bills, and you may be in a dire situation without their financial support, it is wise to carry life insurance with your adult child. 

Being Dependent on Children to Be Caretakers

Lastly, if your child is your caretaker, and you cannot afford to pay a different caretaker, it is smart to purchase a life insurance policy for your adult child. This insures you have the money you need for a caretaker if your child were to pass away. 

Update Your Life Insurance Today

If you have co-signed for debt for your adult child, rely on your child to help you pay the bills, or are dependent on your child as your caretaker, it may be in your best interest to take out life insurance on your adult child. This ensures you can continue to live the life you have grown accustomed to if your child passes away.

Here at Tarheel Insurance Group, serving the greater Wilmington, NC area, we want to help you find the best insurance policies for your needs. Reach out to us today to get started. 

When should you review your auto insurance?

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You may take your auto insurance for granted and just keep renewing it without reviewing it. That is never a good idea, things may change, and you need to make sure your auto insurance has kept up. Tarheel Insurance Group in Wilmington, NC is an independent insurance agency with a team of experts to help with all your insurance needs. 

When should you review your auto insurance?

The easiest time to review your auto insurance coverage is when your policy renews. You will get a copy of your policy and the front page is the declaration page. It provides all the information you need to complete a quick review. You can check all your information. It will list the drivers, the vehicles, the amount of liability coverage, and the coverage that each vehicle has. 

The declaration page will also list any auto insurance add-ons you have added and any discounts that you are eligible for. The bottom line will be how much you will be paying for each part of this policy. This can include full glass coverage, roadside service, and rental car reimbursement. 

Lastly, you need to look at the cost of your policy. Has it risen since last year? Why has it risen is the most important question and to get that answered you may need to call your insurance agent for an explanation. It is not something you should just accept, especially if you have not gotten any citations or had an accident. 

Other times when it is good to review your auto insurance policy are when you add or remove a vehicle and when you add or remove a driver. Both of these have an effect on your policy and make reviewing important. 

Contact Us Today

Give us a call at Tarheel Insurance Group in Wilmington, NC, or contact us through the website for all of your insurance needs. 

The Different Types of Business Insurance Every Company Needs

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As a business owner, you want to do everything you can to protect your company. That includes investing in the right insurance policies. But with so many different types of business insurance available, it can be tough to know which ones you need. Tarheel Insurance Group in Wilmington, NC can help you navigate this important coverage.

Here is a quick overview of the most common types of business insurance and what they cover:

1. General Liability Insurance

General liability insurance is one of the most common business insurance. It provides protection against third-party claims relating to things like bodily injury, property damage, personal injury, and more. If your business is sued, this type of insurance can help cover the cost of legal fees, settlements, and judgments. 

2. Professional Liability Insurance

Also known as errors and omissions insurance, professional liability insurance protects businesses against claims arising from things like mistakes in advice, services that were not provided as promised, and more. If your business provides professional services or advice, this type of insurance is worth considering. 

3. Property Insurance

Property insurance covers damage to or loss of business property due to things like fires, severe weather, theft, and vandalism. If you own your commercial space or have expensive equipment or inventory, this type of insurance can help protect your business financially if something happens to them. 

4. Product Liability Insurance

If your business manufactures or sells products, product liability insurance is a must. It provides protection against claims arising from injuries or damages caused by defective products. 

5. Business Interruption Insurance

Business interruption insurance can help cover the cost of lost income and expenses if your business has to shut down temporarily due to a covered event like a fire or severe weather damage. This type of insurance can help keep your business afloat if you experience a major setback.

Protect Your Business With Commercial Insurance

These are just a few of the most common types of business insurance policies out there. By investing in the right coverage for your company, you can help protect yourself financially in the event that something goes wrong.

For more information about finding the right policy for your business, contact Tarheel Insurance Group in Wilmington, NC today. We’re here to help you find the coverage you need to protect your business.

Protect Your Finances With Home Insurance

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Your home represents a large investment- likely the largest investment that you have. When you own a home, part of the responsibility that you have to it is to get home insurance for it. With home insurance, you will be able to protect your finances from a lot of different risks. Home insurance can save you an enormous amount of money after a damaging event or an accident has happened. Don’t go without home insurance. Give us a call at Tarheel Insurance Group in Wilmington, NC.

Protection for Your Home

When you have home insurance, it includes powerful protection for your entire home. The policy will tell you which type of damaging events it covers. Then, when one of those happens and it causes damage, your home policy can pay for your repairs. If the home is destroyed, it will pay for the home to be rebuilt.

Coverage for Your Belongings

With your home insurance also comes protection for all of your belongings that are inside the home. This is important because of the value of all of your items when you add them together. This protection can help pay for you to get your items replaced after something happens that damages them. You shouldn’t be without this valuable coverage in case of a damaging occurrence. 

Liability Coverage

Your home insurance also protects you financially when it comes to your liability. People who have accidents in your home can end up with huge medical bills, and you are responsible for paying them. Let the policy pay for them when you have home insurance in place. 

Protect Yourself With Home Insurance

It’s never a good idea to go without home insurance. If you don’t already have a policy for your home, give us a call at Tarheel Insurance Group in Wilmington, NC.

Is Classic Car Insurance Different From Regular Car Insurance?

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Many car enthusiasts fancy owning classic cars. If you plan to purchase a vintage vehicle in the greater Wilmington, NC area, or you already own one, you might be asking whether you need separate classic and regular auto insurance. At Tarheel Insurance Group, we advise you get separate classic car insurance because it’s different from your standard vehicle insurance.

What are the differences? 

1. Eligible Vehicles

Regular auto insurance is designed to insure newer cars prone to depreciation. On the other hand, classic vehicle insurance is meant to insure older cars, typically vintage vehicles that are 25+ years old, which commonly appreciate. 

2. Value for Total Loss

Because the value of vintage cars usually appreciates, the policy limit (the maximum payment for a total loss claim) for classic car insurance is traditionally the Agreed Value. Therefore, you will be compensated for the value you agreed to when purchasing the policy. In contrast, since regular vehicles depreciate, most insurers offer their standard vehicle insurance with the policy limit for a total loss claim as Actual Value. This means you will be compensated based on the car’s depreciated value. 

3. Maximum Vehicle Value Limit

Maximum vehicle value agreed under classic car insurance is usually higher than the original price of the vehicle when it was first sold. The car’s value can also increase based on its upgrades and restorations. On the flip side, the maximum vehicle value under regular auto insurance is based on the current selling price of similar models, which is usually lower than the original purchase price. Adjustments to the vehicle’s value are made relative to the car’s mileage, conditioning, and betterment. 

4. Vehicle Use

Classic car insurance has low mileage restrictions as insurers assume you won’t be driving your vintage car daily. On the hand, most regular auto insurance policies have no mileage restrictions.

Give Us A Call

Do you need classic or regular auto insurance in Wilmington, NC? Contact Tarheel Insurance Group today.

Partner Carriers

  • Allstate
  • Attune
  • Cabrillo Coastal
  • Chubb
  • Dairyland
  • Foremost
  • Geovera
  • Grange
  • Guard Insurance Group
  • Hagerty
  • Heritage
  • Kemper
  • Liberty Mutual
  • Lighthouse
  • National General
  • Nationwide
  • North Carolina Joint Underwriting Association (NCJUA)
  • Orion 180
  • Progressive