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What All New Homeowners Should Know About Insurance: An Interview with Daffy Burnette-Shearin of Burnette Insurance Group

By Daffy Burnette-Shearin

Tell us a little bit about your company and the services you offer.

Burnette Insurance Group is a family-owned full service insurance agency located in Louisburg, Franklin County, North Carolina. We are dedicated to proving insurance services for families, individuals and businesses. We are an independent insurance agency, which means we represent various leading insurance carriers across the country. This allows our dedicated agents to compare rates and coverage options and provide the best insurance coverage solution for every client we serve. Our lines of insurance: Auto Insurance, Watercraft Insurance, Motorcycle Insurance, RV Insurance, Home Insurance, Mobile Home Insurance, Life Insurance, Health Insurance, Employee Insurance, Commercial Insurance.

Is there something about getting insured that most new homeowners don't know that they should know?

Most homeowners are not aware that flood insurance is a separate policy from a homeowner's insurance policy. In order to be protected from a flood you must purchase "Flood Insurance."

How would you suggest that a new homeowner approaches "shopping" for home insurance? At what point should they start the process?

A new homeowner that is shopping for homeowner's insurance should start with an independent insurance agency. Independent agencies have the ability to shop coverage for you unlike captive agency that can only write coverage with one company. For instance, at our office when we run a quote (for any type of insurance coverage) we are doing our insured the friendly favor of shopping the coverages with multiple companies whom are agency is appointed with and getting our insureds the best possible rate!

What do you consider "adequate" coverage for a new home and how do you determine the amount?

Each home as a different value for "adequate" coverage amount. An individual should insure their homes for "replacement cost" and the agent who writes the homeowners insurance should have a replacement cost calculator or computer software that gives an estimate of the homes "replacement cost" worth. Replacement cost means if you home were to be destroyed today, how much would it cost to replace it with like kind/like quality replacements?

Why do home insurance rates/premiums increase? Is there any way to prevent this?

In North Carolina credit history can influence premiums as well as non-weather related claims. To help keep cost down a homeowner may want to raise their deductible and try to fix minor damages out of pocket. Claim history reflects on your home insurance premiums for 5 years.

What are some of the most important decisions that new homeowners need to make about their coverage?

Deductible- The amount of money you pay out of pocket BEFORE your insurance will pay out in the event of a claim.
Liability Coverage- Coverage that pays medical or legal bills if someone is hurt on your property.
Personal Property- This is referring to the contents in your home.
Premium- The price you pay for insurance.
Replacement Cost- Refers to the full cost of replacing your home or personal property up to a maximum dollar amount.
Actual Cash Value- Pays you the current cash value (minus depreciation) for your home or personal property.

What's the best way for people to contact you and your company?

Office: 306 E. Nash St. Louisburg, NC 27549
Phone: 919-853-2116
Fax: 919-400-4297

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