Name: Lee Insurance Agency LLC
Address: 119 W South Railroad St, PO Box 1212, Four Oaks, NC, 27524
Telephone: 919-963-2059

The Difference Between Flood Insurance and Homeowners Insurance

Posted on April 30, 2025April 21, 2025 by admin

Both flood and homeowner’s insurance offer dynamic coverage for property owners. However, each requires periodic reviews to confirm the coverage is right for your residence. The Lee Insurance Agency, LLC, which serves North Carolina, can help determine whether flood or homeowners insurance is best for your needs.

What Claims are Covered by Flood Insurance?

Flood insurance is provided by the National Flood Insurance Program (NFIP) to properties located in high-risk flood zones. The coverage protects both the structure of the home and personal property from extreme storm surges and mudslides. Additionally, it covers damage resulting from overflowing lakes, ponds, or oceans. However, flood insurance does not cover plumbing issues, local sewer backups, or water damage that originates from inside the home.

What Claims are Covered by Homeowners Insurance?

Purchasing a home is a milestone for an individual or married couple. A homeowner’s insurance policy is the primary coverage for all homes. It protects against all damage caused by fire or theft. Yes, coverage is available for water damage, but the policy does not offer protection against flood damage caused by a nearby rising body of water.

Typically, most claims are for damage caused by rain entering the home through a leaky roof or busted water pipes. However, if there is evidence of negligence on your part for failure to make necessary repairs, your claim may be denied. If age and deterioration were the cause of the water damage, the policy covers all repairs or replacement of your personal property. However, no assistance with the repairs or replacement of the roof or water pipes.

Deciding between flood and homeowner’s insurance is a difficult choice for a policyholder. Choosing incorrectly could change everything for you. Lee Insurance Agency LLC in North Carolina can provide relevant information to help make your policy decision easier. Call and schedule an appointment today.

Life events that require a review of your life insurance

Posted on March 28, 2025March 23, 2025 by admin

Life insurance is a dynamic necessity that requires periodic review as life and needs evolve. At Lee Insurance Agency LLC, we serve customers across North Carolina. We strive to better understand our customers and ensure that their life insurance adapts accordingly as their needs change.

Starting Your Career

Upon landing your first job, you may receive a life insurance policy as part of your benefits. At this stage, everyone’s situation varies. You might have someone dependent on your income, but chances are you don’t, and the amount provided by your employer is sufficient.

Switching Jobs

When you change employers, you need to decide whether to maintain your old life insurance independently and whether it’s worth it. This is the time to consider procuring some life insurance to start protecting yourself.

Entering Matrimony

Marriage signifies sharing your life with another person, and both of you need life insurance to protect the other. The amount you need is a personal decision, but our agents will assist you in determining the appropriate amount.

Expanding Your Family

Deciding to expand your family changes everything, especially your life insurance needs. You need to consider your income contribution, whether your partner will be able to work, the number of children you have, and the duration of the insurance. If you aim to pay off a mortgage or fund a college education, that also needs to be factored in. Your insurance agent can guide you to the carrier who can meet your needs.

Residents of North Carolina, please get in touch with our team at Lee Insurance Agency LLC. We’re here to provide the support you need.

How to add another person to your car insurance

Posted on February 28, 2025February 20, 2025 by admin

So, you’ve decided to add another person to your car insurance. Generally, this means either you just got married, or your teenager just got their license. Either way, congratulations, and good luck. Adding this person to your car insurance is actually rather straightforward. Just follow these simple steps.

Steps to Add a Person to Your Car Insurance

First, you naturally have to contact your insurance company. You can call or log into your online account. Then, it’s a simple matter of requesting the addition of a second driver to your account. Remember to provide all of the necessary information about the driver in question. This will include their full name, social security number, birthday, driving record, and license number. Any previous accidents or traffic violations will have to be noted. If you want to know about any discounts available or have questions about insurance rates, please ask. You can request the confirmation be mailed to your address for your records or save the updated driver information online. And you’re all set!

Contact Lee Insurance Agency LLC in North Carolina

Auto insurance isn’t as difficult as it seems. Often, it’s just a simple matter of knowing the right questions to ask. That means getting insured by a well-suited company that will point you in the right direction. If you are in North Carolina and are in the auto insurance market, please get in touch with Lee Insurance Agency LLC. We have courteous and knowledgeable agents on staff who are willing and able to help you find the insurance policy that is best suited for you and your unique needs.

Legally Required Commercial Insurance in North Carolina

Posted on January 27, 2025January 23, 2025 by admin

Both federal and state laws require each business to purchase certain types of commercial insurance. At Lee Insurance Agency LLC in North Carolina, we want our customers to understand which commercial insurance policies a business must purchase to remain in legal compliance. Most businesses in the state need three legally mandated policies, but each requirement only applies when a business meets certain conditions.

Hiring Employees and Buying Workers Comp Coverage

In North Carolina, if a business hires three or more employees, it must buy a workers’ compensation policy, according to the North Carolina Industrial Commission. State law makes a few exceptions for small farms and domestic labor situations, but in most cases, any business with three employees must carry workers comp. Let us help you determine if your business meets any of the exceptions and help you find the right policy if it doesn’t.

Commercial Auto Insurance

A business with one vehicle or a fleet of them must buy commercial auto insurance. Like personal auto, it carries a minimum requirement of coverage. A company’s commercial auto policy must provide at least 30/60/25 coverage.

Flood Insurance for Businesses

Federal law requires anyone with a mortgage loan from a federally insured lender to purchase flood insurance if their property lies within a federally designated flood zone A, AE, V, or VE. Many individuals misunderstand this, thinking of flood insurance for homes. Let us help your business obtain the coverage it needs for your building and contents. If you lease your office or retail space from a landlord, we can help you obtain contents-only coverage.

Contact Us Today

Don’t go even one day without the insurance your business needs to remain legally compliant. Call or email Lee Insurance Agency LLC to build a commercial policy that protects your North Carolina business.

Can You Bundle Classic Cars Under One Policy?

Posted on December 23, 2024December 19, 2024 by admin

A standard classic car insurance policy may not suffice for classic car owners with more than one treasured vehicle. So, how does insurance change for collectors with multiple cars? Can more than one car be bundled under a classic car insurance policy? What are the benefits? Let’s delve into whether this is possible, why you might want to consider it, and why you should choose Lee Insurance Agency LLC in Four Oaks, North Carolina, for your classic car insurance needs.

Bundling Multiple Classic Cars Under One Policy: A Yes!

If you own multiple classic cars, you don’t need to get a separate policy for each. Many insurance providers allow you to bundle your classic cars under one policy. The primary advantage of this is cost reduction. Insuring all your classic cars, especially rare or customized ones, can be expensive. Bundling them together ensures they’re protected while saving you money. However, ensure that your chosen provider can cover the number of cars you own. If you own numerous cars, you might not be able to bundle them all under one policy and may need multiple bundled policies for full coverage. Keep this in mind when shopping for classic car insurance.

Protect Your Classic Cars with Lee Insurance Agency LLC

At Lee Insurance Agency LLC in Four Oaks, North Carolina, we’re always ready to help you find the right classic car insurance for your collection, whether bundled or not. Contact us or compare quotes with us today!

Renters Insurance Add-ons

Posted on November 25, 2024November 21, 2024 by admin

When you rent a home or apartment in North Carolina, you likely want to make it as comfortable and enjoyable as if it were your own. This might involve adding personal touches like a built-in bookshelf or lawn furniture. Your renters’ policy from Lee Insurance Agency LLC can help protect your investment in your rented home with add-ons and personal property scheduling.

Understanding Renters Policies

Your landlord’s insurance covers damage to the home or apartment but doesn’t protect your furnishings, personal belongings, or liability. That’s where your renters’ insurance comes in. Most policies provide about $1,000 of personal property protection. You can increase this coverage, but it still might not fully cover some items.

Coverage for Home Business or Home Office

To address this issue, policyholders can enhance their basic renters’ insurance with add-ons that cover a home-based business, expensive items requiring scheduling for full coverage, or replacement cost coverage. For instance, if you operate a business from home or work from home using your own equipment, adding a rider, also known as an add-on, for a home business or home office provides specific coverage for your business equipment and business liability.

Replacement Cost Coverage

A rider for replacement cost coverage ensures that if a peril named in the policy damages or destroys your personal property, you’ll receive the full replacement cost of the item upon filing a successful claim. Typically, insurance companies pay the depreciated value.

Scheduling Items

Lastly, schedule items that would be expensive to replace. Many people choose the jewelry add-on and schedule their engagement ring at its full replacement value. It’s also common to schedule photography equipment, audio/visual equipment, and any costly hobby equipment, such as power tools or film-developing equipment.

Contact Our Agency Today

Let your Lee Insurance Agency LLC agent help you add coverage to your renters’ policy today. Call or email our office to protect your belongings in your rented North Carolina home.

How Your RV Lifestyle Affects Insurance: Full-Time vs. Weekend Warrior

Posted on October 21, 2024October 18, 2024 by admin

Embracing the RV lifestyle allows you to explore new sights, visit popular attractions, and journey on the open road. However, whether you’re a full-time traveler or a weekend warrior, RVing comes with unique insurance needs. Understanding these differences can help ensure that you have adequate coverage. Lee Insurance Agency LLC, located in North Carolina, offers comprehensive RV insurance to meet all your coverage needs.

Insurance Considerations for Full-Time RVers

If you live or travel full-time in your RV, your insurance needs may be more extensive. Full-time RVers often have more assets at risk, making higher liability limits essential. This liability coverage can help protect you against potential lawsuits from injuries or accidents that may occur while living in or using the RV.

As a full-time RVer, you’ll also want coverage for your personal items and any home-like amenities. Insurance should generally cover your personal belongings, furnishings, and other items in your RV, such as electronics, appliances, and outdoor gear.

Insurance Considerations for Weekend Warriors

If you only use your RV occasionally, such as for camping, your liability limit requirements will likely be lower. As these trips are short, you can choose a lower liability limit that will provide just the right amount of coverage you’ll need based on your risk level.

Insurance needs for weekend warriors are centered around seasonal use. This means that coverage should be tailored to protect your RV during months of activity rather than year-round.

Let Us Help You Choose the Right Insurance

Whether you own a Class A RV, traveler trailer, fifth wheel, or other recreational vehicle, we can help you find a policy that meets your coverage needs. Call the Lee Insurance Agency LLC in North Carolina at 919-963-2059.

I Rent My Home. Do I need Flood Insurance?

Posted on September 30, 2024September 26, 2024 by admin

You’ve finally found the perfect rental, and as you read the lease agreement, it states that you are required to carry flood insurance. You might think, "Why do I need to carry flood insurance? I don’t own the property." The Lee Insurance Agency LLC team serving North Carolina has some helpful information for you.

You’re correct that property owners must have insurance coverage, but it only covers their belongings and property, not yours. If there’s a flood and your belongings inside the building are damaged, you aren’t protected without proper flood insurance. It’s important to note that you are not required by North Carolina law to carry renters’ and flood insurance. Still, it’s wise to add it to protect yourself and your property, especially if you live in one of North Carolina’s high-risk areas.

Flood Insurance Protects You and Your Belongings

Flood insurance covers all your belongings like furniture, art, bicycles, electronics, and clothing. As previously mentioned, if your rental incurs flood damage, flood insurance will also help cover temporary relocation costs like hotel and food expenditures until you can move back in. It also protects you against liability, meaning if someone gets injured, you could be responsible for expensive medical and legal costs depending on the incident.

Flood Insurance Provides Peace of Mind

When weighing the pros and cons of having renters and flood insurance, the pros always prevail. Floods don’t happen daily, but when they do, it devastates you and your family. The experienced team at Lee Insurance Agency LLC, serving North Carolina, will work with you to find the right flood insurance coverage at a reasonable premium. Contact us today.

Which Family Members Most Need Life Insurance?

Posted on August 30, 2024August 22, 2024 by admin

The topic of which family members require life insurance most often deters people from having a fruitful discussion due to emotional involvement. However, it is important to set emotions apart and think practically to ensure the financial security of our families in times of sudden mishaps. The conversation should pivot around analyzing the financial impact of each family member’s death. If you are contemplating life insurance and reside in North Carolina, consult our Lee Insurance Agency LLC team.

Who in the Family Requires Insurance?

Typically, depending on their roles in the family, not all family members require life insurance. The need greatly varies, and even family members with no external income might have significant contributions that may be financially cumbersome to replace upon their death.

The ensuing discussion of various familial roles can help you contemplate the need for life insurance in your family and prioritize the ones whose loss would cause significant financial distress.

Breadwinners: Who brings in the household income? Can the family manage without their income?
Caregivers: Who takes care of the dependents in the family – children or elderlies? What would be the cost to hire external help for the same care?
Medical History: Are there any hereditary health issues that might affect the eligibility of a child for life insurance in the future?
Final Expenses: Can you afford the final expenses of a deceased family member?
Family Business: If you co-own a business with family members, does the business succession plan have the necessary funding?
Loans: Does anyone in your family have any outstanding debts, either to creditors or other family members?

Why Choose Lee Insurance Agency LLC?

The team of Lee Insurance Agency LLC is committed to helping North Carolina residents formulate a comprehensive life insurance plan for their families. Call us today at (919) 963-2059 to set up a consultation.

Explaining a Total Loss Process in Auto Insurance

Posted on July 30, 2024July 25, 2024 by admin

The total loss of a vehicle is heartbreaking, but understanding the total loss process can help with the headache of what to do in North Carolina. A total loss is called when the repairs are more than the vehicle’s actual cash value (ACV).

Initial Assessment and Reporting

The total loss process begins with reporting the accident to your insurance company. After filing a claim, an insurance adjuster will assess the damage to your vehicle. This assessment includes a thorough inspection to determine whether the car can be repaired or is a total loss. The adjuster writes up an estimate for the repairs and compares it to the vehicle’s ACV, considering these factors: its make, model, year, mileage, and overall condition.

Determining the Actual Cash Value

The actual cash value (ACV) represents the market value of your car at the time of the accident, considering depreciation and wear and tear. Various methods are used to determine the ACV, including industry guides, recent sales of similar vehicles, and market trends.

Settlement Offer and Options

In the case of a total loss, the insurance company will offer a settlement offer where the deductible is subtracted from the ACV. You can accept the settlement and relinquish the vehicle to the insurer, who will then handle its disposal.

Retaining a Salvage Title

In some cases, you may choose to keep the totaled vehicle. If you retain the car, the salvage value is deducted from the agreed-upon amount in the settlement. You must also obtain a salvage title to declare the vehicle a total loss.

Lee Insurance Agency LLC Is There For You

Lee Insurance Agency LLC is here for you when you need insurance information. Our services are available at the North Carolina locations. Call today.