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Lee Insurance Agency LLC

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

Renting vs. Owning a Home: Protect Your Property No Matter Which You Prefer – Here’s Why

There are quite a few differences between the pros and cons of renting or owning a home, but both should be adequately ensured for your protection. Here are some key things to consider when making a decision.

The Considerations of Renting

Renting allows you to move any time you choose, and getting renters insurance is much cheaper than home coverage. You can also experiment with housing types and neighborhoods. Getting a rental requires a few landlord checks, and buying a home involves lender approval and loans. Renting also makes the landlord liable for making repairs, while owners must handle them personally.

What To Know About Home Ownership

Owning a home allows you the freedom to change the home without landlord approval. It should also be considered that a homeowner can sell the property anytime, forcing you to move to a new home. One of the best perks of owning a home is that you are making an investment that can be sold at any time or passed on to a relative if you desire.

Home and Renters Insurance Are Essential

While renting and owning have benefits and drawbacks, having insurance is a must. Home insurance covers the owner’s interiors and exteriors to minimize out-of-pocket expenses. Renters’ insurance protects the tenants’ possessions should an incident occur. Both policies should cover the inside and outside of the home. Coverage should also protect the occupants’ belongings and persons against injuries.

Insure Rental and Homes with Exceptional Coverage

Regardless of whether you opt to rent or own, it’s important to have the correct type of insurance in place. Rental policies differ from homeowner policies, so be sure to discuss these with one of our experienced agents at Lee Insurance Agency LLC in North Carolina. We’ll help you find the coverage that best suits your needs.

Beyond the Road: RV Insurance Perks You Never Knew Existed

Embarking on the open road with your cherished RV doesn’t just symbolize a journey. It’s akin to showcasing the freedom synonymous with a nomadic lifestyle. At Lee Insurance Agency LLC, we appreciate the need to shield your home on wheels, which is of paramount importance. But what if we told you our RV insurance extends beyond mere protection? Here, we acquaint you with the exclusive perks and advantages that elevate our RV insurance from a simple necessity to a rewarding investment synonymous with your adventurous spirit.

Our Tailored Offers, Exclusively for You

We believe in enhancing your lived experience, whether it’s your stationary home in North Carolina or the mobile home you use for your travels elsewhere. To reflect this belief, we offer you exclusive deals. Picture yourself relishing a serene campground at a discounted rate or perhaps stocking up on outdoor gear with special savings—all courtesy of your RV insurance with us.

Your Loyalty, Our Reward

We value the long-lasting relationships we build with our clients. As our bond strengthens, we bestow upon you loyalty rewards that reflect our appreciation. Enjoy perks like reduced premiums, deductible benefits, and additional coverage—all signifying that your insurance plan grows and adapts to your evolving needs.

Seamless Travels with Unexpected Advantages

Life on the open road is exhilarating, but it isn’t without its unpredictability. Rest assured, we have you covered. Our policies include benefits such as alternative accommodations coverage during breakdowns or accidents to minimize disruptions on your journey. Additionally, our emergency roadside assistance extends beyond your RV, vouching for the safety of your personal vehicle.

As your trusted insurance partner in North Carolina, Lee Insurance Agency LLC provides not just peace of mind but also a personal and enriching aspect of your nomadic lifestyle. So, before your wheels start rolling, take a moment to explore the unique advantages of our RV insurance, which will make every mile a rewarding adventure.

Protect Your Basement Against Floods

Floodproof Your Basement

Offering your home’s basement comprehensive protection against flooding goes a long way in reducing the chances of filing a residential flood insurance claim. Follow these simple guidelines to achieve this:

Improve The Drainage

Efficient drainage inhibits water from accumulating within your house’s basement. Routinely inspect the outdoor drainage status. The terrain encompassing your home ought to be level. If there exists an incline, compact the soil with a tamping tool. Gravel added to window wells around your basement’s exterior aids in drainage and prevents water from seeping into your basement.

Inspect Structural Materials

Ensure there are no cracks or holes in the structural materials constructing your basement’s walls and floor. Any weakness could provide an entry route for water. Use a concrete patch product to fix any detected damage. Once repaired, apply a waterproof sealant to the nonporous surfaces for enhanced protection.

Consider Sump Pump Installation

If flooding has been a recurrent issue, installing a sump pump would be a beneficial investment. This device effectively collects and funnels water outside your home. The services of a qualified plumber can be sort to ensure a correct sump pump installation. It offers a practical solution for protecting your basement items from saturation.

Contact Lee Insurance Agency LLC

If you need further guidance on flood protection or assistance with your personal insurance documents, reach out to one of the agents at Lee Insurance Agency LLC. Being experienced in serving North Carolina residents, we’re best placed to help.

How Term Life Insurance Works

Term life insurance is one of the two main types of life insurance. It’s a type that many people prefer for its advantages, and it can be good protection for many policyholders. It does have its drawbacks, however, and the policies don’t typically last as long as a whole life policy. However, the benefits outweigh the drawbacks for many people. If you want to know more about term life insurance, call us at Lee Insurance Agency LLC in North Carolina. 

The Insurance Term

Term life insurance has this name because it’s written for a very specific term. This term is generally a specific number of years that the policy will be in force. When the end of the term comes, the policy will hit its expiration date and will no longer be in effect. When that happens, the policyholder will have to seek out a new policy so that they can be covered by life insurance again. This drawback can make this type of insurance the wrong type for some people, but many people choose it because of its main advantage. 

Saving Money

One of the big advantages of this type of life insurance is that it costs so much less than the other main type. Term life tends to be affordable for a wider segment of the population than a whole life policy. There are many people who wouldn’t be able to afford life insurance at all if it weren’t for term life policies. If you have a tight budget, this may be the right choice to keep you insured so that your family won’t face financial hardship later. 

Get Term Life Insurance

If you don’t have a life insurance policy, don’t wait to get one. To find out more, call us at Lee Insurance Agency LLC in North Carolina. 

Do I Need a Separate Insurance Policy if I Use My Vehicle For Work?

Whether you travel to see clients for a company, run an on-demand or freelance business, or use your vehicle for some other job-related reason, your personal auto insurance policy in North Carolina will most likely not cover business-related accidents and incidents. A single accident while driving for business in a personal vehicle could cost you thousands of dollars in unexpected costs.  The agents at Lee Insurance Agency LLC can guide you on protecting yourself.

Hired and Non-Owned Auto Coverage (HNOA)

Not having the proper vehicle insurance in place is a common mistake many small businesses make because they don’t have a fleet of delivery trucks, work vans or similar vehicles. Even if you only use personal vehicles for business purposes, you should consider an HNOA to protect yourself and any employees. Consider one of these policies if you do the following:

  • Visiting clients
  • Make small deliveries or pick up supplies
  • Run business errands
  • Transporting work tools or small equipment

Who Needs Additional Business Auto Insurance?

Many businesses do not provide company vehicles for their employees. If yours does not, ask whether they have insurance coverage for vehicle use while working. Freelancers and independent contractors should also consider an HNOA policy to avoid unexpected costs.

Rideshare and food delivery drivers typically are not covered under their parent company’s insurance policy. Others who may need coverage include:

  • Cleaning workers
  • Food service workers
  • Construction workers
  • Freelance journalists and writers

Remember, if you drive for business and don’t have some kind of commercial auto policy, you are essentially driving uninsured and are at risk.

The agents at Lee Insurance Agency LLC, serving North Carolina, can help you select a suitable policy to cover your business driving needs. Contact us today to get started on this essential protection.

Do small businesses need commercial insurance and commercial vehicle insurance?

Controlling risk is especially important for small business owners; using insurance to help manage your risk is good business. Unfortunately, some small business owners mistakenly believe personal insurance policies can cover business risks. If you own a small business and want to avoid that mistake, contact the Lee Insurance Agency LLC team serving North Carolina to create a commercial insurance plan that meets your business’s needs.

Commercial Versus Commercial Vehicle Insurance

Small business owners typically realize the need for standard commercial insurance policies covering workers’ compensation, commercial property, and general liability. Many also acquire additional coverage appropriate for their industry or profession. While they acknowledge their business needs commercial insurance to cover business assets and activities, some do not apply the same approach to all motor vehicles used for business activities.

Consider what could happen, for example, if an accident occurred while a small business owner drove a client to lunch following a business meeting. If the client suffered an injury, the owner’s personal insurance policy would not cover those expenses. Neither would the personal policy cover damages or injuries to others or the owner’s vehicle while being used for business during the accident. 

Although an insurance company could unknowingly cover a fender bender, accidents that result in substantial liability are investigated and are not covered when found to be business-related.

Regardless of your business, talk with your agent about your insurance needs. Don’t wait for an accident to learn you are not fully protected.

Reach Out To Us

Lee Insurance Agency LLC handles the business and personal insurance needs of many small business owners in North Carolina. Please stop in, email, or call us today to build an insurance plan to protect your business and personal assets.

Restoration Assurance: How Classic Car Insurance Supports Restoration Projects

Classic cars in North Carolina are vintage treasures representing an automotive history, boasting elegant designs, and engineering craft skills. For many classic car fanatics, restoring and preserving these iconic vehicles is a labor of love. However, classic car restoration is a complex and often expensive endeavor. Classic car insurance protects the restoration process.  

Key Benefits of Classic Car Insurance for Restoration Projects

These are the benefits you will want to consider while restoring a classic.

  • Agreed Value Coverage: Classic car insurance policies typically offer agreed value coverage. This means the insurer and the policyholder agree on the car’s value before issuing the policy. In the context of restoration, this agreed-upon value considers the car’s condition, rarity, and potential post-restoration value. In the event of a covered loss, the agreed value is paid to the policyholder, providing essential financial support for restoration projects.
  • Coverage for Restoration Work: Classic car insurance can extend coverage to the restoration process itself. If a covered loss occurs while the car is undergoing restoration, the policy can help cover the cost of repairs or replacements. This protects the time and resources invested in the restoration project.
  • Safeguarding Rare Parts: Classic car restorations often require rare or vintage parts that can be difficult to source. Classic car insurance policies can include spare parts and original equipment coverage, ensuring that these valuable components are safeguarded against loss or damage.
  • Specialized Expertise: Classic car insurance providers typically have expertise in restoring and preserving vintage vehicles. This expertise can be a valuable resource for classic car enthusiasts, offering guidance and support throughout the restoration.

Lee Insurance Agency LLC Can Help You

At Lee Insurance Agency LLC, we can help answer questions concerning classic car insurance. We serve North Carolina. Contact us today. 

Three Major Parts of a Renter’s Insurance Policy

One of the biggest misconceptions that renters face is they frequently believe that their landlord is financially responsible for their belongings if a theft, fire, or another mishap occurs. Your landlord will have insurance to protect the building where you live in North Carolina, but protecting your items is your responsibility. The agents at Lee Insurance Agency LLC will gladly help you understand why you need renter’s insurance.

Renter’s Insurance is Similar to Homeowner’s Insurance

The most significant difference between renter’s and homeowner’s insurance is the latter covers the physical building in which the policy owner lives. As a tenant, you don’t own the building, so you don’t need such coverage. Renter’s insurance to protect you against disasters and unexpected events has three primary sections:

  • Personal possessions
  • Liability
  • Additional living expenses

Coverage for personal possessions involves your clothes, furniture, and other personal belongings from theft, fire, smoke, water damage,  storms, lighting, and other mishaps as noted in your policy. Protection from floods and earthquakes is extra. Liability protects you from bodily injury that you or family members cause to other people, as well as property damage. It will also pay for damages your pet may cause to the property. Some people are surprised by additional living expenses coverage, but if your apartment or rental home suffers a fire or another disaster and you’re temporarily displaced, the policy will pay for your additional living costs.

How Much Renter’s Insurance Do I Need?

The most significant variable in your policy involves your possessions. Creating an inventory of your possessions can help you determine an appropriate level of coverage.

We Are Here To Help

Lee Insurance Agency LLC, serving North Carolina residents, will gladly help you determine appropriate renter insurance coverage levels for all three categories. Contact our office today to get started on your policy.

Securing Your Travels: The Importance of RV Insurance

Traveling in an RV is a dream come true for many adventure seekers. There’s no better way to explore the great outdoors than from the comfort of your own home on wheels. However, it’s essential to make sure your travel experience remains secure. That’s why Lee Insurance Agency LLC recommends RV insurance for our North Carolina neighbors.

The Importance of RV Insurance

1) Accidents Happen:

Imagine being involved in an accident with your RV in the middle of nowhere. No one can predict when an accident will occur, but it’s crucial to be prepared and protected. With appropriate RV insurance, you’re covered for any damages incurred to your RV and any injuries sustained by you or others involved in the accident. 

2) Theft and Vandalism:

Despite taking all precautions, theft and vandalism can occur. If you have RV insurance, you are protected against theft, damage, or any malicious act that may occur due to vandals. Your insurance covers the repair as well as the replacement costs, depending on the extent of the damage.

3) Medical Coverage:

Another vital factor in RV insurance is medical coverage. While traveling, it’s essential to ensure that you and your loved ones are medically covered in case of an accident. The insurance covers medical expenses such as hospital stays, physical therapy, and emergency medical transportation. With proper coverage, you get more security and save yourself from financial headaches.

Schedule A Consultation Today!

If you’re an RV owner in North Carolina, securing your travels and adventures is critical. You cannot control the safety of your travels or predict the uncertainties that may occur. However, good RV insurance will provide you with the reassurance and security you need to guarantee your RV adventures are protected and uninterrupted. Contact Lee Insurance Agency LLC today.

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.

Partner Carriers

  • AAA
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  • Dairyland
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  • NC Grange
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  • The Hartford
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