Does everyone in Brevard need motorcycle insurance?

Those that live in the Brevard, NC area will enjoy the warm and sunny weather that exists for much of the year. Those that are going to live here should consider getting a motorcycle as a mode of transportation. While these can be a lot of fun to drive, they also come with some responsibilities. One responsibility that you will have is the need to get insurance for it. There are a couple of reasons that the average motorcycle owner will need to have insurance for it.

Insurance is Needed to Drive

One of the reasons that you should get motorcycle insurance is that it is required by law for you to drive. If you are going to purchase a motorcycle here, you will want to ensure that you get proper coverage and protection for it as state law requires you to carry liability coverage. Those without this protection will be face penalties when caught.

Insurance is a Lender Requirement

Buying a motorcycle will require some owners to finance the purchase with a loan. If this is the case for you, it is important to follow your lender’s insurance obligations. Most lenders will require that you have a full policy with both collision and comprehensive coverage, which will protect the loan’s collateral.

When you are in the market for a new motorcycle insurance policy in Brevard, NC, it is imperative that you speak with someone that you can trust. The insurance professionals at Brevard Insurance Agency, Inc can help you build and choose a quality policy. When you do call Brevard Insurance Agency, Inc., you can learn more about how this insurance can protect you. They can then help you build a policy that covers vehicles and offers appropriate coverage.

First Time Boat Owners: Boat Winterizing Guide

With boats being such a large and important investment, it is imperative that boat owners treat their vessels with care year-round, but particularly during the harsh winter months. For first-time boat owners, recognizing the need to care for your boat properly is the first step, while putting in the time, effort, and money to actually do the work is second. Although snow is not common in North Carolina, it isn’t practical to use your boat during the winter months, so knowing how to store it and prepare it for the next season is key.

When winterizing your boat, start by deciding where to store it. Depending on whether you use a marina to dock your boat when it is in use, you may be able to winterize it at the same site. When choosing a storage facility, start by finding ones that specialize in boats and talk to other owners by asking for their recommendations. Depending on your level of expertise and knowledge, you may be able to winterize the boat yourself instead of hiring a professional. Start by cleaning the boat from top to bottom to ensure that dirt, grime, sand, and salt are removed from the hull to prevent deterioration. For the engine, start by topping off your tanks, replacing the engine oil, and checking the filters. Additionally, visually inspect every hose, belt, and clamp on the boat to ensure they are properly working. 

When it comes to protecting your boat, the best thing you can do is to have insurance. Given the sizable investment that you have made in the purchase, having adequate insurance to protect from damage and also to minimize liability is important. Give Brevard Insurance Agency Inc. in Brevard, NC a call, and one of our friendly team members will help you find the perfect boat insurance policy. 

Why Parents of Teen Drivers Need Umbrella Insurance

You would do anything to protect your family and Brevard, NC home. As a parent of a teen driver, however, just having basic auto insurance might not be enough. Instead, it is definitely a good idea to add an umbrella insurance policy to your coverage mix. Here’s what you need to know.

Why an Umbrella Policy is Important for Parents of Teen Drivers

Essentially, umbrella insurance is a special type of policy that extends over and above the liability insurance policy that you carry on your automobiles, home, and more. While the policies you currently carry might be enough for everyday occurrences, having a teen driver in the household increases the risk if a major accident happens.

As a parent, this means that you are legally and financially responsible if your child is involved in an at-fault incident where someone else is either injured or has a large amount of property damage. In turn, this means that you could be sued for the actions of your teenage driver.

And, while you might think you’ve done everything to ensure your new driver is safe on the road, lack of experience is often the number one cause of teenage driving fatalities around the country. While this is scary to think about, it is a reality that has to be considered.

Umbrella Policies from Brevard Insurance Agency Inc. Offer Extra Protection

As previously mentioned, umbrella policies offer protection above and beyond what the other policies you carry provide. With the added risk and likelihood of your teen driver being involved in an accident, it is just a smart idea to have this additional level of coverage to protect your home and family.

Interested in learning more about how umbrella insurance can protect your family? Contact our Brevard Insurance Agency, Inc. team in Brevard, NC today to schedule a no-obligation policy coverage appointment.

How much flood insurance should I buy in North Carolina?

It is not always possible to determine the amount of damage floods can cause on your Brevard, NC residential, or commercial property. At the same time, floods are typically destructive and can quickly drain you financially. That is why Brevard Insurance Agency, Inc. recommends buying enough insurance to cover the full rebuild of your home. You also need enough personal belongings coverage to replace your possessions in case they are damaged. So, how do you determine the amount of flood insurance to buy? Read on to find out.

The level of risk

Your need for flood insurance increases is directly proportional to the level of risk in your area. Suppose you live in a high-risk flood area; you need to be thorough with your coverage and ensure that both structure and your possessions are fully covered if the worst happens.

The cost to rebuild

The cost to rebuild depends on several factors, such as the construction material, the size of the house, and the cost of labor in your neighborhood. Insurance companies in Brevard, NC will typically provide you with a rough estimate of the rebuild cost, especially if you have brand new home insurance. Keep in mind that your home’s rebuild cost is different from your home’s market value. The rebuild cost is usually lower than the market value. However, flood damage can hike the prices of rebuilding significantly.

The value of your belongings.

You also want to calculate the value of your belongings and ensure that your personal property is covered if the worst happens. This includes everything in your home, like clothes, furniture, and appliances. Outdoor furniture may be exempted.

If you live in a high-risk flood area, don’t wait till floods strike your property to buy insurance. Remember, flood insurance comes with a 30 day waiting period, where the policy will only mature after this period. Not sure how to go about your flood insurance journey? Brevard Insurance Agency, Inc. can help you get through it. Try us today!

I’m Young. How Would Life Insurance Benefit Me?

As a young person, you may feel that you don’t have much need for life insurance. Your reasoning may be even stronger if you are unmarried and don’t have any offspring. However, life insurance has many benefits for people of all ages. However, a fundamental understanding of what it is, how it works, and how it can benefit you in particular, is the best place to start.

What Is Life Insurance?

Life insurance is a contract between the policyholder and the life insurance company. You agree to pay premiums in exchange for a death benefit that is awarded to your chosen beneficiaries when you die. The insurance company awards your beneficiaries a lump sum of money. The monies can be used however the beneficiaries choose to use it. There are two kinds of life insurance that include whole life and term life insurance. Of course, whole life insurance is purchased to cover your entire life. This means that is isn’t set to expire until you die, as long as your premiums are paid. Term life insurance is designed to last for a pre-set number of years. This number is usually determined by your major financial obligations. Term life policies are designed to remain in place until your last major financial obligation is met. This type of insurance is usually sold in five-year increments and typically can go up to thirty years. However, life insurance has other less known benefits as well.

What Are Other Benefits of Life Insurance?

The younger you are when you buy life insurance, the better. This is generally true because life insurance is less expensive when it is purchased when you are under the age of thirty-five. As a result, one of the obvious benefits of investing in life insurance as a young person, aside from creating financial security, is the reduced rate that you’ll lock in which will make it more affordable. also, life insurance can be used to pay off your debts and to cover lost income. Life insurance has many practical uses even for young people. The Brevard Insurance Agency, Inc of Brevard, NC is committed to helping young people as well as people of all ages, understand life insurance, and get the coverage best suited for their particular needs. 

 

Do I need more than basic auto insurance in North Carolina

When driving a car in North Carolina, you need to carry at least basic auto insurance. The mandated amount required by the state is 30/60/25 in liability auto insurance. You need to carry $30,000 bodily injury insurance for each person in an accident with a maximum of $60,000 per accident and $25,000 in property damage. At Brevard Insurance Agency, Inc in Brevard, NC, we make it our business to get to know you so we can better help you decide if basic auto insurance is right for you. 

If you have a car loan or are leasing, you are required to carry additional insurance, but if neither of these is the case, is basic liability coverage enough for you? To answer this question, there are some questions you need to ask yourself. 

  • Do you have any assets?
  • Do you need your vehicle to get to work, or is it necessary to daily life?
  • Could you afford to pay to repair or replace your vehicle if it damaged or stolen? 

If you answered yes to questions one and two and no to question three, then basic auto insurance is not right for you. You likely need additional liability coverage as well as collision and comprehensive coverage. The liability coverage protects your assets and collision and comprehensive protect your vehicle. 

Collision covers repairs to your vehicle in the event you are deemed totally or partially to blame in an accident. It will pay to repair or replace the vehicle up to the listed value minus a deductible. Comprehensive coverage includes non-collision damage and theft. It also provides weather and glass repairs. 

When you rely on your vehicle, it is important to have the right auto insurance. At Brevard Insurance Agency, Inc in Brevard, NC, we are here to help you to find the perfect policy for your needs. Give us a call or stop by our office for a no-obligation quote. 

How To Calculate Commercial Insurance Needs

If you own a business, you will likely need some form of commercial insurance to protect yourself and your investments. There are many types of commercial insurance options to choose from. Still, if there is a physical structure with inventory and equipment, you’ll need general liability commercial coverage, but how do you figure out how much you need? 

Calculating Commercial Insurance Needs

If you are planning to purchase commercial insurance, you are going to have to have a few facts and figures first. If the building is located within a larger building or strip plaza, you must consider the value of the building as a whole. You also want to make sure your inventory and equipment is calculated into the figure. Once you get a general idea of how much you need to cover, find a policy that provides coverage that is rounded up to the nearest coverage amount. For example, most commercial insurance is written for 1 million for a small business. 

Working Together With an Agency

The best way to get the right insurance is to work closely with an experienced agent. They can help assess the situation and figure out the necessary coverage amount and then offer policy options to meet your needs. If you are currently searching for commercial insurance coverage in the Brevard, NC area, you should call Brevard Insurance Agency, Inc to find out more about coverage options and how to avoid gaps for your particular situation. 
Commercial insurance coverage is the best way to protect your business in or near Brevard, NC investments from loss. Work with an agent from Brevard Insurance Agency, Inc to get the peace of mind you need year-round. Call or stop by the office today to get more information. 

When Should I Update My Home Insurance in North Carolina?

Owning a home in Brevard, NC can be a gratifying experience for anyone. Not only do you get the chance to make changes to your property whenever you want (without asking for permission), but you also reap the rewards when your investment goes up. But as your home grows and changes, so too should your home insurance. Brevard Insurance Agency Inc. can tell you more about when to make an official update. 

The Value Changes 

When we say value, we mean the value of the entire property. This can include anything from buying a big-screen TV to repairing the fence to installing new fancy fixtures in the bathroom. If your home has surpassed the limits listed in your policy, you shouldn’t take a chance if something happens to them. 

The Weather Changes 

Some homeowners are willing to take the chance when it comes to certain natural weather events. However, many others simply aren’t aware that certain natural disasters aren’t covered under their policy. For example, flooding is typically not part of the standard policy in Brevard, NC. If you’re starting to see more rain during the springs and summers, it’s worth adding some extra coverage. 

You Want a Different Carrier 

Part of understanding your policy is knowing what it will do for you during real-life situations. If your carrier can’t explain this to you, it may be time to talk to someone with a little more practical experience. Brevard Insurance Agency Inc. is here to help our customers get a handle on when their policy is meeting their needs and when it needs to be adjusted. Give us a call if you need to ask a few questions or if you’re shopping around for a quote in the Brevard, NC area.