Auto Insurance in Winston Salem, NC

AUTO INSURANCE – HOME OWNERS INSURANCE

NON PROFIT INSURANCE

Independent insurance agents since 1932.  Complete insurance protection for your business, home, auto, life, long term care.

Established in 1932, The Phoenix Company provides the insurance needs of individual insurance, life insurance, auto insurance, homeowners insurance, small business, commercial business, and non profit insurance, throughout the Piedmont Triad of North Carolina.  As an Independent Insurance Agency, we work for our clients to offer the best coverages at competitive prices.  We stride ourselves to be a different kind of insurance agency with the following objectives.  To be honest and fair in all our dealings.  To be interested in you and your problems.  To treat your needs as though they were our own.  Our aim is to reduce your insurance cost and gaps in coverage.  We do this first by designing a responsible protection program for you.  We select the company or companies best suited to your situation.  We present you with a competitively priced proposal.  And last, we promise to periodically review the adequacy of your insurance program, and will always continue looking for ways to SAVE YOUR MONEY! Proudly serving Winston Salem, NC.

HOME OWNERS INSURANCE

Protect your home from damage and theft

• Fire and lightning
• Windstorm and hail
• Weight of ice or snow
• Smoke damage
• Falling objects
• Freezing damage
• Theft
• Vandalism
• Accidental overflow from plumbing
• Accidental electrical damage to appliances
• Damage by vehicles

LIFE INSURANCE

Here are 10 Rules to Remember When Buying life insurance.

• Understand and know what your life insurance needs before any purchase, and make sure that the company you choose can meet those needs.
• Buy your life insurance from a company that is licensed in your state.
• Select a life insurance producer who is competent, knowledgeable and trustworthy.
• Shop around and compare life insurance policy costs.
• Buy only the amount of life insurance you need and can afford.
• Ask your life insurance agent about lower premium rates for non-smokers.
• Read your life insurance policy and make sure you understand it.
• Inform your beneficiaries about the kinds and amount of life insurance you own.
• Keep your life insurance policy in a safe place at home and, in addition, keep your life insurance company's name and your policy number in a safe deposit box.
• Check your life insurance coverage periodically or when ever your situation changes, to be sure it meets your current needs.

Auto insurance

Protects you against financial loss if you have an accident.  It is a contract between you and the insurance company.  You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.

Auto insurance provides property, liability and medical coverage:

• Property coverage pays for damage to or theft of your car.
• Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
• Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.  Your auto policy may include six coverages.  Each coverage is priced separately.

 

Offering non-profit insurance!

1. Bodily Injury Liability

This coverage applies to injuries that you, the designated driver or policyholder, cause to someone else.  You and family members listed on the policy are also covered when driving someone else’s car with their permission.

It’s very important to have enough liability insurance, because if you are involved in a serious accident, you may be sued for a large sum of money.  Definitely consider buying more than the state-required minimum to protect assets such as your home and savings.

2. Medical Payments or Personal Injury Protection (PIP)

This coverage pays for the treatment of injuries to the driver and passengers of the policyholder's car.  At its broadest, PIP can cover medical payments, lost wages and the cost of replacing services normally performed by someone injured in an auto accident.  It may also cover funeral costs.

3. Property Damage Liability

This coverage pays for damage you (or someone driving the car with your permission) may cause to someone else's property.  Usually, this means damage to someone else’s car, but it also includes damage to lamp posts, telephone poles, fences, buildings or other structures your car hit.

4. Collision

This coverage pays for damage to your car resulting from a collision with another car, object or as a result of flipping over.  It also covers damage caused by potholes.  Collision coverage is generally sold with a deductible of $250 to $1,000—the higher your deductible, the lower your premium.  Even if you are at fault for the accident, your collision coverage will reimburse you for the costs of repairing your car, minus the deductible.  If you're not at fault, your insurance company may try to recover the amount they paid you from the other driver’s insurance company.  If they are successful, you'll also be reimbursed for the deductible.

5. Comprehensive

This coverage reimburses you for loss due to theft or damage caused by something other than a collision with another car or object, such as fire, falling objects, missiles, explosion, earthquake, windstorm, hail, flood, vandalism, riot, or contact with animals such as birds or deer.

Comprehensive insurance is usually sold with a $100 to $300 deductible, though you may want to opt for a higher deductible as a way of lowering your premium.

Comprehensive insurance will also reimburse you if your windshield is cracked or shattered.  Some companies offer glass coverage with or without a deductible.

6. Uninsured and Underinsured Motorist Coverage

This coverage will reimburse you, a member of your family, or a designated driver if one of you is hit by an uninsured or hit-and-run driver.

Underinsured motorist coverage comes into play when an at-fault driver has insufficient insurance to pay for your total loss.  This coverage will also protect you if you are hit as a pedestrian.

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