Learning Center
Visit the Learning Center to Find the Answers to Your Insurance Questions
When it comes to understanding the intricacies of the insurance world, the more resources you have at your disposal, the better. That's why TruOptions has created a home base for you to find all the tools you need to stay informed about the insurance industry and all of your options.
When you team with TruOptions, not only do you get the benefit of nearly 30 years of experience, but we also offer a variety of resources to help you expand your base of knowledge when it comes to insurance. We provide a wide variety of articles covering a host of pertinent topics, plus glossaries, FAQs and calculators.
After you've found all the information you need in our Learning Center, give us a call us at 919.957.3333 or send us an e-mail to schedule an appointment with your personal advisor.
09
Dec
Automobile Insurance Basics
Automobile insurance is used to protect you against expenses if you are involved in an automobile accident.
Liability coverage is required by North Carolina law.
The liability section can be separated into Bodily Injury Liability and Property Damage Liability. Bodily Injury will pay for damages to other people as a result of an accident caused by you or another covered driver.
09
Dec
Homeowner Quote Basics
When requesting a quote for homeowner coverage, some of the questions you will be asked include: What is the location or physical address? What is the age of the home? What is the construction type? What is the value of your home? Do you have any special collections or high-valued items that need to be covered? Do you know your fire district? How close are you to the fire department or fire hydrant? Have you had any previous homeowner claims?
09
Dec
Automobile Insurance Quote Basics
Automobile Insurance rates are determined through underwriting. Underwriting is the process by which an insurance company considers your application and evaluates your driving record and other factors to see if you meet its guidelines.
Insurance companies use a variety of factors to determine the level of risk each applicant presents. Each company will use its own underwriting guidelines.
09
Dec
A Strategic Plan and Mission Statement
Some smaller family companies reject the idea of a “mission statement” as too “high-brow” for them. “We build homes”, said one business owner. “What kind of mission can you make out of that?”
A mission statement not only describes what the business does, it also describes how it does business and for what purpose. A mission statement reminds everyone how it does business and for what purpose. A mission statement reminds everyone why the family is in this business, what its standard of quality is, and what goals it hopes to achieve. If the company slips off track at some point, reference to mission statement can help bring it back.
09
Dec
A Hard Days Work for a Hard Earned Dollar
More than one company has split at the seams because there was no agreement on what kind and level of effort was required of family members who wanted to enjoy the business’ benefits. Without that agreement, the idea emerged – and perhaps having a token title – was the only criterion for taking home money or enjoying perquisites.
The moral of family members and non-family employees alike plummets at the sight of a family member putting in 12 hours and taking home the same or better compensation as another employee who puts in 12 hours a day. It may take a hard nose to do it, but the family has to set forth in clear terms what inputs are required to be eligible for the outputs.