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The Chavis Agency

Insurance, United States, North Carolina, Raleigh

Protecting what matters most with personalized insurance solutions and expert financial guidance.

About The Chavis Agency

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Basics

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Founded
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Total Employees
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Employees on Linkedin
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Main Office
United States of America, North Carolina state
Official Website
http://www.thechavisagency.com
Location Address Official Phone Email
United States of America, North Carolina state United States, North Carolina, Raleigh **** ****
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FAQs – The Chavis Agency

Can I cancel on-demand insurance at any time?

Yes, on-demand insurance is designed to be flexible, allowing users to start and stop coverage as needed. Policies can often be canceled without penalties, unlike traditional insurance, which may have cancellation fees or long-term contracts.


What is insurance underwriting?

Insurance underwriting is the process through which an insurer evaluates the risks of insuring a person or entity and determines the terms and conditions of the insurance policy, including the premium. It involves assessing risk factors such as health, occupation, and past claims.


Can landlords require renters liability insurance?

Yes, many landlords require tenants to carry renters liability insurance as part of the lease agreement to protect against potential claims.


What happens if my application is declined?

If your insurance application is declined, the insurer will provide a reason based on their risk assessment. You may be able to appeal the decision, apply with another insurer, or take steps to improve your risk profile, such as improving your health or addressing financial issues, before reapplying.


What is a guaranty fund in insurance?

A guaranty fund is a state-regulated safety net that protects policyholders by covering claims and benefits if an insurance company becomes insolvent or financially unable to meet its obligations.


What are "catastrophe bonds," and how do they relate to climate change?

Catastrophe bonds are a type of risk-linked security that allows insurers to transfer the risk of catastrophic events to investors. They are used to manage climate-related risks.


How does the NAIC monitor insurance company solvency?

The NAIC uses financial analysis tools, stress tests, and risk-based capital (RBC) requirements to ensure insurers have enough capital to pay claims. It also collects financial data to identify troubled companies and recommend regulatory interventions.


How much does long-term disability insurance cost?

Costs vary based on age, occupation, income, and policy terms, but typically range from 1% to 3% of your annual salary.


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