Do College Students Need Renters Insurance?

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Any number of hazards can befall your rented space when you are a student in college, and renters insurance can help provide a buffer against financial loss. 

Why College Students Need Renters Insurance

College students often have expensive belongings in their apartments, and these can be obliterated during a fire, for example, as kitchen mishaps do occur and can catch an entire building in flames. Water damage from sprinkler systems can wreak havoc on textbooks and electronics, such as cell phones, tablets, and computers. 

It’s important to have a backup plan when you are a college student, and some renters’ policies have provisions that extend to hotel stays when a covered peril renders the rented policy uninhabitable. Your Brevard Insurance Agency Inc representative can go over specific details that would be included in your indemnification. 

College students are not required to obtain a renters policy according to Brevard, NC law, but many make the choice to safeguard their property using this indemnification. In addition, landlords will frequently compel renters to buy a policy, as landlord insurance typically will only apply to the building and not a student’s effects. 

Some Brevard, NC students may live in housing where theft is an issue, and it’s important to do an inventory of your valuables and their approximate values to turn in to your insurance representative. Vandalism can also be a problem, causing monetary setbacks.

Insured students will be responsible for meeting a deductible before their policy pays out, and these amounts are set when the policy is purchased, affecting monthly premium amounts. 

Brevard Insurance Agency Inc Can Help You

Your knowledgeable agent can put together an insurance package to suit your needs, and we ask you to reach out to us for more information by calling, visiting us online, or meeting us in the office. 

Protect Your Summer Fun with RV Insurance

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Do you own a motorhome? If so, protect it with an RV insurance policy from the Brevard Insurance Agency Inc. If you live in or around Brevard, NC, we can answer any questions you may have about this coverage.

Why RV Insurance?

RV insurance will cover you if you cause injury or damage to others. It will pay for the expenses associated with damage to your vehicle if the incident is covered. The variety of coverage available is based on how you use your RV – recreationally or as a full-time residence.

The bottom line is, if you live in your RV, either part-time or full-time, you need insurance coverage for it. The exception to this rule is for towable trailers. RV insurance has much of the same coverage you will find on a standard auto policy, but you cannot count on your automobile insurance policy to protect your RV.

RVs are large vehicles and can do serious damage if in an accident. Pay attention to the amount of liability coverage you purchase. Only an RV insurance policy will cover liability for an RV. Your auto liability covers you for accidents while driving the RV, but vacation liability will extend coverage for accidents occurring in or around a parked RV while you are on a road trip or vacation.

Your premium payment for the RV will depend on how much you use it. Premiums can range from $200 to $3000 annually. A full-time user can expect to pay as much as $2,000 or more, while part-time usage will be around $1,000.

As RVs are not used in the same fashion as cars, you must purchase special insurance for them. The RV is like a small house, so different insurance is needed for it.

Give Us A Call

Our Brevard, NC team of insurance experts at Brevard Insurance Agency Inc. can provide a quote or answer any questions you may have about this coverage. Contact us today.

4 Add-ons to Consider for Motorcycle Insurance

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Motorcycles have become a popular choice for residents in the US because of their ease of commuting and affordability. Unfortunately, the number of two-wheeler accidents has increased exponentially, hence the need for motorcycle insurance. Standard motorcycle insurance covers general risks, but sometimes you may need to purchase “add-ons” to cover specific risks. Brevard Insurance Agency Inc., serving the greater Brevard, NC community, can help you navigate this vital coverage. 

While several motorcycle insurance add-ons exist, here are four worth your consideration:

Roadside assistance coverage

Sometimes, your bike can break down when you least expect it. The situation can even be worse if the breakdown happens when miles away from your home. Thankfully, you can purchase roadside assistance to rescue you when mechanical or electrical breakdowns occur. This coverage can repair your bike on the spot or tow it to the nearest garage.

Zero depreciation coverage

New bikes often take a lot of hits from depreciation. In light of this, your insurer will compensate you for the bike less the depreciation when your bike is totaled or stolen. If you were to buy a bike similar to yours, you would incur significant out-of-pocket expenses. The good thing is that you can cushion yourself from depreciation by purchasing special coverage.

Umbrella insurance

If you are a high-net-worth individual or at high risk of being sued, you should boost your bike insurance with umbrella insurance. This coverage comes to your rescue when you cause significant accidents whose liability claims exceed your motorcycle liability insurance.

Engine protection coverage

Your standard motorcycle insurance covers engine damage if the cause is a covered loss. However, if waterlogging or an oil leak causes engine damage, you will cover this loss from your pocket. However, an add-on can help you sort out the damage.

Contact Us Today

Want to learn more about motorcycle insurance? Shopping or renewing your bike insurance in and around Brevard, NC? Reach out to Brevard Insurance Agency Inc. for all your motorcycle insurance solutions.

What Are The Different Types Of Boat Insurance?

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Here at Brevard Insurance Agency Inc, serving the greater Brevard, NC community, we often get asked about the different types of boat insurance. While each policy is unique, there are some common elements that are typically included in most boat insurance policies.

Here are the different types of coverage you can get with a boat insurance policy:

Liability Coverage 

This is the most basic type of coverage and is typically required by law. Liability coverage protects you from financial damages that you may be held responsible for if you cause an accident while operating your vessel. This includes property damage as well as bodily injury to another person. 

Most liability policies will have a limit on the amount of coverage they provide. This means that if the damages exceed the limit, you will be responsible for paying the difference out of your own pocket. For this reason, it’s important to choose a policy with a limit that meets your needs. 

Collision Coverage

As the name implies, collision coverage provides protection in the event that your vessel collides with another object. This could include another boat, a dock, or a fixed object in the water. Collision coverage will pay to repair or replace your vessel up to the limit of your policy. Like liability coverage, collision coverage typically has a limit, so it’s important to choose one that meets your needs. 

Comprehensive Coverage 

Comprehensive coverage is similar to collision coverage in that it provides protection for your vessel in the event of an accident. However, comprehensive coverage goes a step further and also provides protection from damages caused by non-collision events such as theft, vandalism, fire, and weather damage. Comprehensive coverage typically has a deductible just like collision coverage does, so be sure to factor that into your decision when choosing a policy. 

Give Us A Call

There are many different types of boat insurance policies available, and each one offers its own unique set of benefits. The best way to figure out which policy is right for you is to speak with an experienced agent who can help you assess your needs and find the right solution. Contact us today at Brevard Insurance Agency Inc in Brevard, NC to get started.

Why Do You Need Umbrella Insurance For Your Business?

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Umbrella insurance is often considered extra insurance. It works on top of your current policy, as a way to protect you even further. While many people get umbrella insurance if they have expensive jewelry or an art collection, the truth is that you may want to consider getting some umbrella insurance for your business. 

Brevard Insurance Agency Inc in Brevard, NC can help you navigate this important insurance coverage.

Here are some reasons why you should consider extra insurance for your business:

One accident is all it takes to ruin a business

If you have a physical location, you need to have extra insurance. One accident and you may have to close your business. 

Your business could be considered dangerous

If there is a good chance of accidents at your business, you are going to need the extra protection that comes along with umbrella insurance. These may be construction companies or those that deal with hazardous materials, among others. 

Your employees drive company vehicles

Company vehicles mean more chances for accidents, so you are going to want to protect yourself and your business with some extra insurance. 

Though most businesses don’t feel like they need a lot of insurance, the truth is that they probably aren’t fully protected. One accident may put them out of business! Companies that have a lot of people coming and going may want umbrella insurance just in case someone gets hurt. Dangerous businesses also should have extra insurance, as well as those that have their employees driving around. 

Give Us A Call

If you want to make sure that you have enough insurance for your business, don’t hesitate to contact us at Brevard Insurance Agency Inc in Brevard, NC. We will help you figure out if your current policy is enough, or if you need to add umbrella insurance. 

How will flood insurance cover someone in North Carolina?

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Brevard, NC has continued to be a growing part of North Carolina and offers a lot of great places to live and own a home. If you are a property owner in this region, it would be ideal to get the right insurance for your home. For many, this can mean getting flood insurance. There are various reasons why you should get a flood plan in this part of North Carolina. 

Flood Insurance Coverage: What You Need To Know

Protect Assets

One of the main ways you can be covered by a flood insurance plan is to receive coverage for your assets. If you are in a part of North Carolina that is prone to floods, the impact on your property and personal belongings can be significant. Fortunately, if you select a flood insurance plan, it will offer the coverage needed to mitigate this risk and concern as it will offer coverage for your dwelling and personal items.

Ensure Compliance

You also will want to have a flood insurance plan to ensure you are in compliance with any obligations. If you choose to invest in a home in a flood zone, you will be obligated to carry a flood insurance plan by a mortgage lender and many home associations. When you get the necessary coverage, it can help ensure you remain in compliance and in good standing with the requirements. 

Give Us A Call

It is clearly a good idea for those that are at a high risk of flood damage to get a flood insurance plan if they are in the Brevard, NC area. Once you are ready to start shopping for a policy in this area, it would be helpful for you to call Brevard Insurance Agency Inc. There are a lot of choices to make when choosing this coverage, and Brevard Insurance Agency Inc can help ensure you select an ideal plan. 

How Do I Determine How Much Life Insurance I Need?

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You may know that life insurance is important for your family’s financial security, but how much life insurance you need can be more complex. At Brevard Insurance Agency Inc in Brevard, NC, we can help you determine how much life insurance is right for you. 

Basic Formula for Determining Life Insurance Face Value 

Face value is the amount your policy will pay in the event of your death. If you want to keep how much life insurance you should have as simple as possible, multiply your annual income by 10. This is the least amount of life insurance you should carry.

Some experts recommend multiplying your annual salary by 15 and using that as your minimum face value amount. 

However, you may want to use this as a base amount, and adjust it based on a few important factors. 

Debt 

Debt doesn’t go away, even in death. If you leave behind debt, your family members may be financially responsible. The last thing you want to do is burden grieving loved ones. 

To avoid this, it’s a good idea to consider how much debt you have when you are deciding on policy coverage.

The recommended method is to add all your current debts. Then add this to the income figure from the last step. 

Income Replacement 

You’ll also need to consider income replacement. If you have dependents, income replacement is important. If you have a spouse, aging parents, or a child that are relying on your income, life insurance is essential. 

When determining how much coverage you need, think about how many years of income you want to replace. If you have a teenage child, 10 years may be sufficient. However, if you have a spouse and a one-year-old, 20 years is a safer option. 

Contact Us Today

If you need life insurance in Brevard, NC, contact us at Brevard Insurance Agency Inc. Our agents will work with you to provide the right policy for your needs. 

Check for this coverage in your NC auto policy

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If you need auto insurance, call the team at Brevard Insurance Agency Inc. We are the insurance agency that the folks in Brevard, NC, and the surrounding area rely on. When it comes to auto insurance, we are here for you.

Important coverage to check for in your NC auto policy

There are a lot of features that are now available from today’s auto insurance policies. While the most important are collision, liability, and medical expense coverage, there are many different features worth checking out.

Today’s policies also offer features like:

  • Multi-line discounts – if you have more than one policy type with the same insurance carrier, there are often substantial discounts available.
  • Declining premiums – safe drivers can enjoy lower premiums that decrease over time. This feature is typically active when there are long periods without any claims filed against the policy.
  • Rental car coverage – when your car is damaged or totaled due to a covered event, you will likely need a rental car. This expense can be covered if you have this feature.
  • Roadside assistance – included in your policy, roadside assistance can help with accidents, breakdowns, and other auto mishaps.

When you are selecting your auto policy, check to see if these features are available. They can help ease the responsibility that comes with car ownership. Take a look at what’s available when it’s time to renew your auto insurance policy.

We look forward to working with you!

When Brevard Insurance Agency Inc. is here to serve the greater Brevard, NC area. If you have any questions or needs in the insurance area, give us a call. We look forward to working with you, so give us a call or stop by today.

What type of commercial insurance does a home business need?

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You might think that you can get away without carrying insurance for your business if you run it from your home. In very few cases, you can, but most companies do need a commercial insurance policy.

Brevard Insurance Agency Inc. serves Brevard, NC with a full range of commercial insurance options. Read on to determine which type of commercial policy your home-based business needs.

Your Only Office Is in Your Home

When you establish a business and your only office is in your home, all of your business equipment gets stored at your house. Your homeowners’ policy does not cover your business equipment because it does not qualify as personal property. It qualifies as business property. You ensure it separately.

Your Hold In-person Meetings at Your Home

If you have meet-and-greets, meetings, or other gatherings at your home for your business, then you need a business liability policy. This includes Tupperware parties, Pampered Chef gatherings, etc. Your homeowners’ policy only covers personal liability, so your business meetings will require a business liability policy.

You Built a Separate Workshop or Office

Your homeowners’ policy does cover your entire house, even your home office, so if a tornado wiped out your home today, your home policy pays to rebuild the entire structure. If you build a separate structure, though, separate from your home, you need separate coverage for it. Using it for business purposes means you need to cover it with a real property insurance policy that covers the structure and its contents.

You Store Inventory at Your Home

You need a business property policy that specifically covers inventory. You can bundle this with your business equipment coverage.

You Store Your Client’s Items at Your Home

You’ll need the same type of insurance your dry cleaner uses. Typically, you’ll need inland marine insurance since you store another individual’s or organization’s property. This policy type also covers the transport from their home to yours and vice versa.

Call Us Today

Contact Brevard Insurance Agency Inc. serving Brevard NC, for more information on commercial insurance for your home-based business. Tell us about your business, and we will help you find the appropriate insurance to cover it against loss.

4 Things You Didn’t Know About Home Insurance

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Most people don’t know a lot about home insurance. It sounds complicated, and it can be hard to find the right company. If you need some help understanding your coverage or choosing a policy, here are four things you didn’t know about home insurance that might help!

1. You Can Get Coverage for More Than Just Your House 

Most policies offer protection for other structures on your property and any personal items inside those structures. Homeowners have been known to insure their cars from damage caused by falling trees in storms. Remember: if it’s on your property and could cause damage or injury if destroyed, it should probably be insured with a homeowner’s policy!

2. Homeowners Insurance Is Not one-size-fits All 

No two homes are the same. And because every house is different, a homeowners insurance policy will be different too. The best way to get a good idea of what you need for coverage is to create an inventory of your belongings and their individual values. That way, you can take the time to shop around and find a policy that has everything you want at a price you can afford.

3. Homeowners Insurance Includes Loss of Use Coverage

Most policies include additional living expenses coverage, which kicks in if you have to temporarily move out of your home due to damage that makes it uninhabitable. This is an important feature because you could be forced to live elsewhere for days or even weeks while your house is being repaired.

4. Homeowners Insurance Does Not Cover Flooding

Flooding is often excluded from standard homeowners insurance policies. Instead, most people purchase a separate policy called flood insurance, which the federal government regulates. If you live in a region prone to flooding, it’s one of the best things you can do to protect your home and assets.

Home insurance is one of the most important coverages you can have. If you need any help or advice about what kind of policy to get, Brevard Insurance Agency Inc in Brevard, NC, is here for you. Give us a call today!

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