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Lee Insurance Agency LLC

119 W South Railroad St, PO Box 1212
Four Oaks, NC 27524

The Three Most Costly Floods in American History

Floods rank among the most powerful forces on earth, capable of wiping entire communities and even regions away. A devastating flood can quickly swamp rivers and local drainage systems, among other things. Traditional property insurance often doesn’t cover flooding, making flood insurance a must. Contact Lee Insurance Agency LLC to discuss flood insurance in North Carolina.

Flooding caused by Hurricane Katrina remains the most expensive in American history.

In 2005, Hurricane Katrina etched its name in the history books by causing extensive damage in New Orleans and beyond. When you first think of hurricanes, you may envision the damage caused by high winds, but in practice, storm surges and flooding may wreak the most havoc.

The flood damage caused by Hurricane Katrina certainly was devastating, with the storm overwhelming more than a hundred levees. The National Flood Insurance Program alone paid about $16 billion in damages.

Hurricane Harvey Sets the Record Per Average Paid Loss.

Hurricane Harvey slammed into East Texas and the Gulf Coast, causing widespread flooding and devastation. In total, the storm is estimated to have caused over $9 billion in National Flood Insurance Program payouts alone. The average payment for losses topped $115,000, making this the most expensive per capita hurricane in American history.

Hurricane Florence was likely the costliest in North Carolina history.

In North Carolina, the most costly flooding in state history was likely caused by Hurricane Florence in 2018. It’s always hard to separate flood damage from wind and other factors, but in total, it’s believed that surge water, flooding, and wind damage caused $22 billion worth of damage in the state. Tragically, 15 people in North Carolina perished due to the hurricane.

North Carolina and many other states experience countless floods per year. While many may not set records or make history, they can cause immense damage. As such, flood insurance is crucial. Get in touch with Lee Insurance Agency LLC to explore flood insurance in North Carolina.

Determining the Right Coverage Amount for Your Life Insurance

Life insurance provides financial security to your loved ones after an untimely death. Lee Insurance Agency LLC explains that the right life insurance coverage amount in North Carolina depends on several factors that you need to consider, such as your income earnings, outstanding debts, mortgage payments, education expenses, and financial goals. 

Determining Your Life Insurance

1) Calculate Your Income Replacement Needs:

The first factor to consider while deciding on the life insurance coverage amount must be your income replacement needs.

Remember, the coverage amount should be sufficient to replace at least 10-12 years of your income. For instance, if you are making an annual income of $50,000, multiplying this by 12 years means your life insurance coverage should be a minimum of $500,000.

2) Outstanding Debts:

After calculating the income replacement needs, the next factor to consider is outstanding debts. A life insurance policy can help your family pay off outstanding debts such as a car, credit card, or personal loan.

3) Mortgage Payments:

If you have a mortgage on your house, include the amount required to pay off the mortgage. Losing a breadwinner can be stressful enough, and the sizeable mortgage payments could take a big chunk out of your family’s finances.

4) Education Expenses:

If you have children, include their education expenses when calculating the life insurance coverage amount. College can be expensive, and you want to ensure your children can complete their education. Review the estimated costs of their education and include this amount in your coverage.

We Are Here To Help

Determining the right life insurance coverage amount can be a difficult task to undertake in North Carolina. Remember that having enough coverage can save you and your family from a significant financial crisis. Contact Lee Insurance Agency LLC today, and we’ll help you.

Does my auto insurance cover my business travel?

Sometimes you may need to drive your personal vehicle for business. At Lee Insurance Agency LLC, we want you to understand when that happens occasionally, your personal auto insurance probably covers you. We want you to know when it does and when it doesn’t.

Personal Use Defined

Your personal auto insurance covers you whenever you drive in North Carolina for pleasure or household reasons. This means your trip relates in no way to business. In these cases, any policy coverages you choose, such as comprehensive or collision, protect you.

Occasional Use Defined

When you use your auto for occasional business trips, such as driving to a conference, auto insurance covers it. Occasional means on an irregular schedule, typically months apart in use. If you drive your personal vehicle to your industry’s national conference, which occurs once per year and lasts just a few days, your trip falls under occasional use.

Every Day Use Defined

If you drive it every day for business, such as delivering decorated cakes in it, you need a separate policy for commercial auto. Driving it to provide a service, such as visiting the homes or businesses of clients to repair something or deliver something, offers another example of everyday use. In these cases, personal auto insurance does not cover your driving.

Drivers for Uber and Lyft differ from most individuals using their vehicles every day for business purposes, but that’s thanks to the companies through which they drive. Uber and Lyft provide corporate commercial insurance policies to cover the liability of those who drive through their service.

Driving Your Personal Vehicle with Coverage

To remain safely covered by your auto insurance, drive your personal vehicle only for personal reasons. If you need to drive a vehicle every day for work reasons, purchase commercial auto coverage for it. If you drive your personal vehicle for work without a separate commercial auto policy and you’re in an accident, your personal auto policy will not cover it.

Drive safely in North Carolina and beyond, and contact Lee Insurance Agency LLC for auto coverage to keep your vehicle and financial security protected.

Protect Your North Carolina Business with Business Interruption Insurance

Unforeseen events can significantly impact businesses, making it crucial to have the right insurance coverage in place. Business interruption insurance offers essential financial support during unexpected events like natural disasters or supply chain disruptions. Here are the benefits of this type of coverage and the value of partnering with a knowledgeable insurance agency like Lee Insurance Agency LLC to find the right policy for your North Carolina business.

Benefits of Business Interruption Insurance

Natural disasters:

Hurricanes, tornadoes, and severe storms can cause extensive damage to your business’s physical location, equipment, and inventory. Business interruption insurance can help cover lost income and operating expenses while your business recovers from the damage.

Supply chain disruptions:

If a critical supplier or vendor experiences an issue that affects your business operations, business interruption insurance can help cover the resulting financial losses. This coverage can be especially valuable in cases where your business relies on a single supplier for essential materials or services.

Utility disruptions:

Prolonged power outages or water main breaks can significantly disrupt business operations. Business interruption insurance can provide financial support during these unexpected events, helping you cover ongoing expenses and recover lost income.

Forced closures:

Sometimes, your business may be required to close due to government-mandated shutdowns or other uncontrollable factors. Business interruption insurance can help cover the costs associated with these closures, allowing you to focus on recovering and reopening as quickly as possible.

Reach Out To Us

Partnering with a knowledgeable insurance agent is essential for securing comprehensive business interruption insurance tailored to the needs of North Carolina businesses. Our experienced team understands the unique challenges faced in the state and can help you navigate the complexities of business interruption insurance. Ensure the protection and financial stability of your business by reaching out to Lee Insurance Agency LLC for guidance on securing the right coverage for your future.

What’s the Difference Between An Antique and a Classic Car?

A truck and trailer pull up beside you in traffic. On the trailer shines a stunning Delahaye. You know it has to be at least a 1940s model because they were only built between 1935 and 1954. As you drool over the auto, you wonder if antique cars qualify as classic cars. 

Well, yes and no. A car can’t be considered a classic if it’s over 40 years old, but it’s still a special category of car. Classic car insurance is the only protection for a beauty like that, and Lee Insurance Agency LLC of North Carolina knows best how to insure it.

What’s the Difference Between An Antique and a Classic Car?

There are actually three categories of cars: vintage, antique, and classic. The vintage car is the one you saw descending to the hold in the movie Titanic. They were made between 1910 and 1930. 

An antique car was made between 1930 and 1975. Think of the old 40s cars driven in movies or a 1956 Chevy. Even a 1970s Pontiac GTO is now an antique. North Carolina might refer to this type of car as a historical antique car.

A classic car is between 20 and 40 years old. If it was built from the 1980s up to 2003, then it’s a classic. That would make a 1997 Jeep Cherokee, a 1989 Toyota Camry, or a 1981 Chrysler “K” car classic cars.

Why Do Classic and Antique Cars Require Special Insurance?

When cars get past a certain age, parts with which to repair them become scarce in North Carolina. So are knowledgeable and well-trained mechanics who actually know what your classic car is and how to repair it. Special insurance for special cars is a must.

Contact Us Today

Lee Insurance Agency LLC of North Carolina is all you need to know when considering classic car insurance. Please stop by our offices or call to learn more about it. We’re happy to help.

Why Do I Need Renters Insurance?

Renters insurance is not a legal mandate in the state of North Carolina, but it will often be a requirement imposed by your landlord. This is because their insurance does not cover you in a situation where the contents of your abode are destroyed or in need of repair.

Why Renters Insurance?

Renters insurance helps with disputes between property owners and their tenants because it provides a ready solution to disagreements. Renters can file a claim with their insurance company, thus reducing the amount of litigation between parties and accompanying legal fees. 

In the event that you need to temporarily relocate, renters insurance can help you with the necessary expenses. Environmental hazards, fire, and water damage can sometimes cause you to vacate the premises until your living quarters can be properly cleaned. 

Renters often have guests over, leading to liability issues when a person is injured due to slips and falls. You can be held negligent for their medical bills and lost wages, and you may also be the target of a lawsuit. Your knowledgeable Lee Insurance Agency LLC can go into further detail about which perils are included in your coverage. 

Your possessions can be destroyed, for example, if your building catches fire, and renters insurance should cover your belongings. They can also be affected by smoke or water damage from attempts to put out the blaze. Vandalism can do damage to your valuables, or they can also be subjected to theft. 

Lee Insurance Agency LLC Can Be of Assistance to You

We serve residents in the state of North Carolina and provide quality insurance products and services for every walk of life. We invite you to reach us online, by calling or visiting us in person to speak to us in more detail about your situation. 

How to Buy RV Insurance in North Carolina

New RV owners may not realize how important it is to protect your camper, RV, or pull-behind trailer with insurance. However, savvy RV owners know that having RV insurance is the safest and best way to reduce your liability and protect your finances in the event of an RV-related accident.

If you live in North Carolina, contact the RV insurance professionals at Lee Insurance Agency LLC to learn about coverage options for Class A, B, and C RVs and motorhomes.

What Is RV Insurance?

RV insurance is designed to provide financial protection when something happens while you own and operate your vehicle.

RV insurance can help pay for things like repairs, medical bills, and more in the event of an RV accident, theft, or other covered incidents related to your RV. 

What Does RV Insurance Cover?

There are a few different types of RV insurance available. Policy options will vary depending on the age, class, and garaging location of your RV.

Accidents: If you’re in an accident with your RV, your policy can help pay for repairs or medical bills.

Theft and vandalism: If your RV is stolen or damaged by vandals, your policy can help pay to repair or replace it.

Natural disasters: If your RV is damaged by a natural disaster like a hurricane or earthquake, your policy can help pay for repairs or replacement.

Get RV Insurance Today

When you need RV insurance in North Carolina, contact a licensed and experienced RV Insurance agent at Lee Insurance Agency LLC. We are here to help!  We will provide you with a free quote, and our knowledgeable insurance agents can explain your available coverage options and activate your new policy.

How Can You Tell If Your Homeowners Insurance Includes Flood Coverage?

One of the most costly mistakes a homeowner can make is assuming their home insurance policy covers flooding. Most home insurance policies will cover flooding that happens due to a pipe bursting or an appliance leaking, but they will not cover flooding due to heavy rain. As such, this confuses homeowners, and then they do not wind up with a separate flood insurance policy.

Here at Lee Insurance Agency LLC, serving the greater North Carolina region, we want to help you avoid being in this situation.

How Can You Tell If Your Homeowners Insurance Includes Flood Coverage? 

In order to determine if you have flood coverage with your home insurance policy, you will have to read through your home insurance policy. Look under the exclusions list, as this is typically where flooding is listed. If your policy does cover flooding, you may have a separate endorsement for your policy for flooding. An insurance agent can read through your policy and tell you for sure whether your existing policy covers flooding or not. 

What Should You Do If Your Policy Does Not Include Flood Coverage? 

If your home insurance policy does not cover flooding, you will need to purchase a separate flood insurance product to protect your home from damage caused by flooding. 

Contact Us Today

Most home insurance policies do not have flood coverage when the floods are caused by rivers flowing over their banks or for heavy periods of rain. If your policy does not cover this type of flooding, you need to purchase a separate flood insurance policy to ensure your home is fully protected. Here at Lee Insurance Agency LLC, serving the greater North Carolina area, we can help you get the flood coverage you need. Call us today to get started. 

Life Insurance Provides Protection for Family

Are you concerned about whether or not your family would be financially secure in the event of your passing? Our team of insurance experts at Lee Insurance Agency LLC in North Carolina can help you with your life insurance needs.

Life Insurance: The Basics

Life insurance is a contract between the insurance company and an insured individual. The insurance company promises to pay the designated beneficiaries an amount of money upon the death of the policyholder. Depending on the policy, other events such as a terminal illness can also force payment.

The policyholder will pay a premium either monthly or make a lump sum payment. The benefits will include final expenses.

Life insurance policies are legal contracts, in which each contract will describe the limitations of the insured events. Certain exclusions may be written into the contract which will limit the liability of the insurance company. Common examples would include suicide, war, riot, fraud, and civil commotion.

Life insurance policies typically fall into two major categories:

Protection policies are designed to provide a lump-sum benefit, typically, in the event of a specified occurrence. Term insurance is a common form of protection.

Investment policies are meant to facilitate the growth of capital by single or regular premiums. Common forms of this type of insurance are variable life policies, whole life policies, or universal life policies.

In the event of the passing of the main breadwinner in a household, it is necessary for that person to make sure his or her family is protected with a life insurance benefit. In addition to paying final expenses, it can satisfy a mortgage, pay off other miscellaneous debt, pay college tuition, and enable the family to live without financial worry.

Give Us A Call

Our insurance experts at Lee Insurance Agency LLC can provide a no-obligation quote or answer any questions you may have.

If you are looking to add or update your life insurance policy in North Carolina, reach out to us today. We’ll be happy to help. 

Follow These Tips to Help Avoid an Auto Accident in the Dark

During the fall and winter months, it gets darker earlier in the day. As such, you may find yourself driving home from work in the dark. Unfortunately, when it is dark, it becomes harder to see road hazards, which can increase the number of accidents that occur. Here at Lee Insurance Agency LLC, serving the state of North Carolina, we want to help keep you safe when you are driving.

Follow these tips to help avoid an auto accident in the dark:

Familiarize Yourself With Roads You Will Be Traveling On at Dark

When possible, try to familiarize yourself with the roads that you will be traveling on in the dark, and try to stick with roads you are familiar with before the sun rises or after the sun sets. Knowing the roads well will make them easier to travel in the dark. 

Always Use Your Headlights 

Another tip to follow to help you avoid an accident when traveling in the dark is to always use your headlights. It is recommended that you turn your headlights on an hour before the sun sets and leave them on for an hour after the sun rises. Headlights not only help you to see, but they help other drivers see you on the roads. 

Slow Your Speeds When Driving in the Dark

Finally, always slow your speed when you are driving in the dark. You should always drive about five to ten miles per hour slower in the darker than you would in the daylight. 

Contact Us Today

While there are steps you can take to minimize auto accidents, you can not prevent every auto accident from happening. As such, it is extremely important that you have an auto insurance policy that fully protects both you and your vehicle in case an accident happens. Contact us at Lee Insurance Agency LLC, serving the greater North Carolina area, to obtain quotes for a new auto insurance policy. 

Partner Carriers

  • AAA
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