Don Allred Insurance Company in Archdale, NC

Insurance is sometimes frustrating to figure out if you don’t have someone to help you understand coverage options, limits, deductibles, and the countless other important factors that make up a part of your insurance. You have to have insurance on your car to drive it around, and health insurance, house insurance, life insurance, and business insurance often factor prominently in life.

Each type of insurance has its own set of terms, so even learning all about one type of insurance often isn’t enough to eliminate the confusion that comes from trying to figure out which way is up. There are a few things that all types of insurance share between them, however.

The first is the deductible. This is the amount that you pay to the insurance company prior to the company covering anything that the policy handles. For example, if you get in a car accident, you pay the deductible part of car repairs, and the insurance company pays the rest. Some insurance types, like health insurance, also include other payments you are financially responsible for. These are generally referred to as co-payments or co-insurance.

You also receive a list of coverage options from the company so you know exactly what gets covered. Insurance is very specific in the types of claims that they pay out for, so it’s important to understand exactly what you have as a coverage option, and what you have to pay for yourself outside of the insurance you hold.

Get in touch with Don Allred Insurance Company in Archdale, NC to find out all of the insurance options that are available to you.