How commercial protects a small business

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With almost 200,000 businesses, North Carolina is an attractive place to start a company. But no matter how attractive a place is, the risk for businesses is always lurking. Being prepared is the best way to make sure your business can survive anything life decides to throw at it. At Brevard Insurance Agency Inc. in Brevard, NC, we are an independent agency that caters to the needs of our customers.

Commercial property insurance

As a small business, you may rent the building you operate out of. You may even not have a brick and mortar building but operate from your truck or your home. It would be best if you still protect your tools, machinery, inventory, and your records. All of these are valuable to your business, and you need to make sure they will be replaced in the event of a covered peril. If you own the building, it will also cover that. 

Commercial liability insurance

All businesses need protection from legal actions taken against them. Someone may be injured while visiting your business or by a product you produce. They may not be satisfied with the services they received from you or by the timeframe of delivery. For any or all of these reasons, they decide to file an action against you. Liability insurance covers judgments and the cost for your legal defense up to the limit of your policy.

Workers compensation insurance

North Carolina requires every employer with three or more employees to cover them with workers’ compensation insurance. 

Business interruption insurance

When you are hit by a peril, even a covered peril, it can be weeks or even months until you are back in full operation. Your bills will not go away during that time, nor will your payroll obligations. This insurance will help you with the cash you need to keep things current until you can start doing business again. 

Contact Brevard Insurance Agency Inc. in Brevard, NC for all your commercial insurance needs.

Types of Home Insurance Policies.

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Irrespective of where your dwelling is located in North Carolina, it’s imperative to protect your hard-earned asset from imminent calamities. A home insurance policy is designed to safeguard one of a family’s massive investments and their home from prevailing perils such as vandalism and fire. At Brevard Insurance Agency Inc. in Brevard, NC, we offer versatile home insurance policies to ensure that you guard your home against imminent disasters such as theft and other covered liabilities. Our knowledgeable agents work closely with our clients in crafting customized quotes that befit their needs and budgetary allocation.

The home insurance policy covers your home against fire, water damage, lawsuits, theft, and other covered losses stated in your policy document. While acquiring a home insurance policy, some factors on determining its premium rates include:

  • Location.
  • Year of construction.
  • Building construction.
  • Credit history.
  • Claims history.
  • The type of coverage chosen.
  • Desired deductibles.

It’s a prudent move to select a home insurance option matching your budget and need. Home insurance is not mandatory in North Carolina. However, if you have constructed your house using a mortgage, your lender may require you to show proof of home insurance. Home insurance combines both casualty and property coverages. This policy is designed to cover a broad spectrum of perils associated with owning a home. Visit us today at Brevard Insurance Agency Inc. and speak to our passionate and charismatic agents. They will assist you in getting a spectacular customized quote for your home insurance.

What is covered under the home insurance policy at Brevard Insurance Agency Inc in North Carolina?

  • Coverage for your dwelling structure: This form of the policy pays for renovating or rebuilding your residence if it is damaged by fire, vandalism, or other disasters.
  • Coverage for your belonging: It protects your items such as sports equipment, furniture, and appliances if they are robbed or damaged by perils covered in your policy.
  • Liability protection: It covers you from lawsuits resulting from bodily injury or property destruction that you and your family members cause to other people.
  • Additional living expenses: It caters to additional costs while living away from your home if it is uninhabitable after damage from a covered peril.
  • Other structures coverage: It protects other structures that are not attached to your houses, such as a detached garage and a gazebo.

Call or visit our offices at Brevard Insurance Agency Inc., located in Brevard, NC, to get a customized quote on a home insurance policy.

What You Need to Know About Classic Car Insurance

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Owning classic cars can be a great hobby and a great investment. Protecting that investment is an important detail to consider. At Brevard Insurance Agency Inc, serving Brevard, NC, we understand that if customers are going to make the best insurance choices, they need the best insurance information. This is why we make it a point to educate our customers on important insurance topics. Today, let’s talk about classic car insurance. Why is it important, and how can you get the best coverage?

Is Auto Insurance Enough?

Classic car enthusiasts understand that a classic cars’ value is not determined in the same way as a regular car. Classic cars require a time and money investment which can sometimes be hard to put a number on. The work that is done on a classic car has a lot to do with its ultimate value. Because the value of classic cars is determined differently, regular auto insurance is usually not sufficient. To have your classic car’s value protected, it will be necessary to sit down with an insurance representative and determine the car’s value. 

Things to Consider

When you talk with an insurance representative concerning your classic car insurance, there are a few things you will want to consider and a few pieces of information which you will need to share. How old is the vehicle? How much of an investment have you made into the car? What would the car’s value be to other collectors? How will the car be stored? How often is the car driven? This information will be help determine how much coverage your classic car will need. 

If you would like to learn more about classic car insurance, please contact our office at Brevard Insurance Agency Inc, serving Brevard, NC. 

Do I Need Renters Insurance if my Landlord has their own Insurance?

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Many renters have the common misconception that their belongings are covered under a policy if their landlord has insurance. However, that is not true because homeowner’s insurance only covers the homeowner’s belongings. Generally speaking, renters insurance is optional; however, your landlord may require that you carry a policy within the lease terms required to sign. Landlords require renters insurance because it limits the likelihood that a tenant will sue them for liability costs or damage to their personal property should an incident occur. 

Renters insurance may only be required in certain situations, but that doesn’t mean you shouldn’t have coverage. The general property, loss of use, and liability coverage that are generally found on all renters insurance policies are exceptional value for minimizing the financial loss associated with an unexpected event that damages your belongings or leaves you liable for someone else’s medical bills. While policies vary depending on the coverages chosen, generally, each renters insurance policy will cover the following:

  • Personal Property Damage: Pays up to your policy limits to replace your belongings that are destroyed by a covered event.
  • Personal Liability: Protects you from legal liability if an accident occurs to a third party at your home or apartment.
  • Loss of Use: If the place you are living is uninhabitable due to a covered event, your renter’s insurance policy will pay for your expenses.
  • Medical Protection: Pays for medical expenses incurred by someone injured at your residence.

When it comes to offering peace of mind, renters insurance is a no brainer. At Brevard Insurance Agency Inc. in Brevard, NC, our talented team of insurance experts will help crunch the numbers, answer your questions, and customize a renters insurance policy that exceeds your expectations. 

 

Do I have to invest in RV insurance if I own an RV?

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North Carolina RV owners are legally required to carry both liability and uninsured motorist insurance on their motorhomes and trailers. Our team at the Brevard Insurance Agency Inc. in Brevard, NC understands that RV owners may not always be clear about what’s required. This is one of the many reasons why we want to educate RV owners regarding state requirements. However, there may be other circumstances that require you to invest in more RV coverage. 

RV Insurance

If you own an RV that has a motor, you will have to invest in insurance. In essence, you should look at a motor home as a vehicle, like any other car, truck, or SUV, that happens to have a home attached to it. Any motorized vehicle that you would operate on the streets, highways, and byways is generally subject to laws that govern vehicles. You will have to carry liability insurance at the very least. This will cover damage or injuries you are liable for that may be caused by your motorhome or RV. 

If You’re Financing Your RV.

Although North Carolina only requires you to carry liability and uninsured motorists insurance to operate or drive your RV, you may be required to carry more if you are financing your RV. Like a car or a home, your lender may require you to invest in full insurance to protect your RV if something happens before it’s paid for. Of course, situations will vary. However, many lenders require you to carry full insurance if your RV isn’t paid for. 

Operating Your RV in North Carolina.

North Carolina drivers will be required to carry insurance on any RV they operate. You will still have to invest in both liability and uninsured motorist insurance from hitched trailers and luxury coaches. This type of coverage protects you if you cause damage or injury to someone’s property while operating your RV. RV owners can rest assured that we’re here to serve you by providing you with the information you really need. Call us if you have questions about your insurance options when it comes to your RV. 

Does everyone in Brevard need motorcycle insurance?

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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

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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

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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?

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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?

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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. 

 

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