Proper insurance coverage is a big part of your responsibilities as a business owner. Not only is this an important way you can protect yourself and your company, but it is also an important way to protect your customers and employees. At Lee Insurance Agency LLC in North Carolina, we are here to help business owners make the best possible insurance choices.
Is Commercial Insurance Required?
Each state has its own laws which govern which types of insurance an employer is required to have. However, simply depending on the minimum required types of coverage is not the best way to keep your company protected. To truly protect the investment of time and money you have put into your business, you need a commercial insurance policy that will provide protection for you, your employees, and your customers and clients.
What Does Commercial Insurance Cover?
Commercial insurance coverage is actually a bundled product that includes different types of insurance coverage. Let’s take a look at the three main types of coverage.
Property coverage– If you operate your business from a brick-and-mortar location, you will need to have property insurance in place. This type of coverage will pay for repairs or replacement of property or equipment should it be damaged or lost due to fire, natural disaster, or burglary.
Vehicle coverage– If you operate vehicles as part of your daily operations, you will need auto insurance in place for the vehicles and the drivers.
Liability– Liability coverage is there to help pay for expenses that could result from actions being taken against you. In the event that an employee or a customer is injured at your place of business or because of your goods or services, this coverage will kick in to help pay for the expenses that could be incurred.
Get Commercial Insurance Today
If you would like to learn more about commercial insurance, please contact us at Lee Insurance Agency LLC, now serving residents in North Carolina.
You’ve invested a lot of time and money into your classic car. Whether you’re driving it on the open road or keeping it in mint condition in a garage, you want to ensure it’s adequately protected in case of an accident or theft. That’s where classic car insurance comes in.
What is Classic Car Insurance?
Classic car insurance protects your investment and gives you peace of mind knowing your vehicle is adequately covered. It’s like regular auto insurance, but with some crucial differences. For example, classic car insurance has a lower premium since the vehicles are not used as often and are typically driven fewer miles than a regular car.
Another difference is that classic cars may appreciate over time, so it’s essential to have an insurance policy that considers this. Many regular auto insurance policies have a stated value, which means if your car is totaled, you can only receive the current market value of the vehicle – not what you paid for it or what it’s worth to you.
What is Guaranteed Value?
Classic car insurance uses guaranteed value, which means you’re reimbursed for the total value of your car in the event it’s totaled. This is important because classic cars often appreciate value, so you want to ensure you’re covered for what it’s worth – not just its current market value. Lee Insurance Agency LLC in North Carolina can help you determine the correct value for your car.
Why You Need Classic Car Coverage
Classic car insurance is not required by law, but it’s a good idea if you want to protect your investment. It can also give you peace of mind knowing you’re covered in case of an accident or theft.
The classic car insurance experts at Lee Insurance Agency LLC in North Carolina can help you find the right policy for your needs. Contact us today to get started!
North Carolina residents, including renters, can rely on the Lee Insurance Agency LLC team for all of their insurance needs. If you have questions about any type of insurance, we are here to offer our assistance. Stop by our office or give us a call and we’ll be happy to help!
What amount of renter’s insurance is right for you?
When it comes to knowing the right amount of renter’s insurance that’s sufficient to protect your belongings, you can feel pretty clueless. One of the first things to do is review the available policy levels. If you are a young person just starting out on your own, one of the basic policies that offer a reasonable amount of coverage should be enough for your needs.
For people who are more established, it can be more difficult to determine the proper amount for their needs. If you’ve built a fairly substantial amount of belongings through the years, you will need to do a rough inventory of your items. Focusing on more expensive items like artwork, electronics, jewelry, and furniture is a great way to start.
There are several ways to value your possessions for insurance purposes. Your local agent can provide insight into which method best meets your needs. Using replacement value as your method of calculation is one of the more common ways to determine how much your things are worth. Make sure you have the protection you need!
Contact our team today!
Lee Insurance Agency LLC is proud to serve the state of North Carolina and help our clients with all of their insurance needs. If you would like some guidance when it comes to renter’s insurance, we have the information you need. Contact our office or stop by today!
Every state requires RV insurance for recreational vehicles on its roads, but each state sets its minimum requirements. Many states, including North Carolina, set the RV insurance requirement at the same level as their auto insurance minimums.
Lee Insurance Agency LLC can help all North Carolina residents who own an RV to obtain the insurance coverage that keeps them on the roads legally.
RV Insurance: What You Need To Know
Minimum Coverage Insurance
According to the North Carolina Department of Transportation, each motor vehicle of any type must carry at least the following insurance coverages:
- Bodily injury to one individual in the amount of $30,000,
- Bodily injury to two or more individuals in the amount of $60,000,
- Property damage in the amount of $25,000.
This policy type only protects the other drivers on the road. The state minimum insurance does not offer coverage for your vehicle. You need full coverage for that.
Full Coverage RV Insurance
When you only vacation in your RV, you take a couple of trips per year in it. Buying a full coverage policy ensures that you also protect your investment in your own RV. If you incur an accident involving your RV, the comprehensive and collision coverages take care of the RV’s damage. These two insurances apply to single-vehicle accidents and multi-vehicle accidents.
Full Timer’s Insurance
You need a full-timer’s policy if you choose to live in your RV. This enhanced coverage bears a close resemblance to full coverage but adds to your property coverage and liability. It covers the upgrades you must make to an RV to turn it into a permanent home.
Wherever you live in North Carolina, Lee Insurance Agency LLC can help you obtain the policy you need. Call us today.
You probably have auto and home insurance for your car and home, respectively. Why then would I need additional liability insurance? You may ask. Your conventional liability coverages may not always be enough to cover a significant liability claim. That’s the reason many people are turning to umbrella insurance.
Umbrella insurance offers additional financial security if the limit of the underlying liability policy is exhausted. We at Lee Insurance Agency LLC have seen it all. That’s why we encourage people in North Carolina to buy umbrella insurance, as it can save them from significant financial turmoil.
This is How Umbrella Insurance Protects You
Shields your assets and properties
If you have assets, consider umbrella insurance. Most people with properties or high net worth are at risk of lawsuits. Umbrella insurance protects your assets in case of costly lawsuits.
It offers you higher liability coverage
People assume that a standard insurance policy protects them entirely in an accident or incident. These coverages have limits, and the damage incurred may be more than the limit. In such circumstances, when the damage exceeds the limit, umbrella insurance kicks in and pays for all the expenses.
Provides you with additional coverage
Umbrella insurance offers a broader protection form that your standard liability insurance will not cover. Umbrella insurance covers incidences like slander, wrongful arrest, defamation, or libel, which the liability coverage may not cover in your car, auto, or boat insurance.
Umbrella insurance in North Carolina
Most people are surprised at how affordable umbrella insurance is compared to the value it adds to one’s life. Don’t wait until a disaster comes your way to find out the benefits of umbrella insurance. Protect yourself inside out with umbrella insurance from Lee Insurance Agency LLC in North Carolina. Call us today for an affordable quote.
Although boat insurance isn’t a requirement in North Carolina, you don’t want to leave the marina without it. Boats are expensive toys and repairs can become costly. Even a small accident like denting a fiberglass hull while docking can result in thousands of dollars in repairs for which you’ll be on the hook without insurance. Furthermore, with so many boats and watercraft on the water, it’s unclear what operators are carrying the right insurance, so it’s best to ensure that you are protected via boat insurance. Similar to auto insurance, boat insurance covers many of the same incidents, such as liability coverage for injuries or property damage to third parties, comprehensive for damage incurred by storms or similar, collision for damage caused by accident, and uninsured/underinsured boater coverage to protect you from having to pay out of pocket if a vessel without insurance is at fault in an accident.
Keep reading to learn about a few items that we bet you didn’t know boat insurance covers.
Emergency Towing: As an optional coverage, you’ll want to be sure your insurance provider includes emergency towing if it’s of interest. Should your vessel be stranded because of engine problem, mechanical failure, or any other reason, you won’t be responsible for paying hefty tow fees because the insurance company will cover the majority.
Storage Coverage: If you store your boat out of the water during the off-season in a marina or boat yard, your boat will be protected from covered perils.
Personal Property Coverage: While the boat itself is expensive, so too are any personal items that you have onboard. Stop worrying about having to replace these items with personal property coverage.
Lee Insurance Agency LLC is here to serve you.
For more information on boat insurance, let the team at Lee Insurance Agency LLC in North Carolina help.
Lee Insurance Agency LLC is here to meet all of the insurance needs of the residents of North Carolina. This includes motorcycle owners and their insurance requirements.
Do you have adequate liability coverage for your motorcycle?
Owning a motorcycle provides a lot of excitement in your life, but this ownership also comes with responsibility. We are all too familiar with the serious medical injuries that can occur due to a motorcycle accident. Because of this reality, having adequate liability coverage is very important for all motorcycle owners in our state.
When you have adequate liability insurance coverage, you can rest assured that you will be protected. Any accident that happens when riding a bike can be catastrophic. However, you can shield yourself from the financial responsibility that is often a part of such accidents and mishaps.
Basic bike insurance may not provide the protection you will need if you are involved in an accident or injury-causing mishap. Your passenger, yourself, or an unrelated third party can sustain damages deemed your responsibility. When this occurs, having the right amount of liability coverage in place can make all the difference in the world.
Let us help you with all of your insurance needs!
If you are a motorcycle owner who lives in North Carolina, the team at Lee Insurance Agency LLC is here to help you with all of your insurance needs. Call our office or stop by today to learn more about the motorcycle insurance policies available in our state. We look forward to working with you!
Given that most homeowners insurance policies exclude flood damage, you may want to consider purchasing an auxiliary policy. In fact, depending on where you live, you may be required to have flood insurance if you are in a high-risk zone.
If your home falls in a high-risk flood area as determined by FEMA and you have a mortgage from a lender, you are legally mandated to have flood insurance. Generally speaking, if your home falls in a moderate-to-low-risk area then you will not be required to have flood insurance, but check with your mortgage lender to confirm. To learn if you need flood insurance, you can use FEMA’s Flood Map Service Center to find out. When looking at the map, keep in mind that it is not updated in real-time so the information may be outdated. If you live in a coastal community, low-lying area, or near a body of water you are more likely to need flood insurance. However, even if you are not required to have flood insurance but live near water you should strongly consider purchasing a policy. The peace of mind afforded by flood insurance is well worth the cost.
Check with your lender or real estate agent to confirm if you’ll need flood insurance. Flood insurance can be purchased through private organizations like Lee Insurance Agency LLC in North Carolina. At Lee Insurance Agency, we pride ourselves on delivering excellent customer service and always putting you first. Give us a call today or stop by our conveniently located office to learn more about our flood insurance offerings. We promise you’ll leave completely satisfied.
Lee Insurance Agency LLC is here for the residents of North Carolina. Our great state has a lot to offer everyone. If you are a single person who is wondering about their insurance needs, it’s time to give us a call.
Life insurance benefits for single people
When most people think about life insurance, they think about families. For many, it is considered a necessity for young families with small children, but not for everyone else. This is not always the case. There are many benefits of life insurance for single people.
For example, if you do not have any immediate family members, your estate will likely have to cover the cost of your burial and funeral. And, if you have an illness prior to dying, there may also be medical costs that you leave behind.
By having a life insurance policy in place, your estate can take care of all of those expenses in an expedient manner. If you choose a permanent policy that includes a cash value, you will be able to reap many benefits of your policy while you are alive. You will be able to access the funds while you are living.
These funds can help you pay for your education, a down payment on a house, or can be used to give yourself a more comfortable retirement. There are plenty of good reasons for single people to have a robust life insurance policy in place!
Learn more about your options today!
Now is a great time to set up a meeting with the team at the Lee Insurance Agency LLC. Let us help you learn more about the life insurance policy options that are available to single people residing in North Carolina. Call or stop by our office today!
It’s easy to get sunk by all the myths and misinformation surrounding flood insurance.
Luckily, Lee Insurance Agency LLC is here to throw you a lifeline. Serving North Carolina, their agents hope to set the record straight by examining four facts about flood insurance.
Flood insurance isn’t covered by other policies.
Many people incorrectly assume they’re already protected from flood damage. This is a common misconception. In reality, floods are typically excluded from standard homeowners or renter’s plans. Only a dedicated flood policy covers destruction from rising water. If damage does occur, the building structure and any belongings inside are protected.
Flood insurance is needed for all locations.
Flood insurance is rarely required. But, it’s always recommended. Although flood insurance is often mandated for those who live in a high-risk zone or have a government-assisted mortgage, anyone is susceptible to flooding. In fact, FEMA reports that people in low or moderate flood areas are nearly five times more likely to face a flood than a fire.
Flood insurance isn’t just for homeowners.
Even renters need flood insurance. While a landlord likely has its own policy, this coverage is restricted to just the exterior and structure of the building. Interior damage to furniture, fixtures, or personal possessions would not be protected. Personal flood insurance fills that gap.
Flood insurance is easy to add to existing plans.
Policies are available from the government through the National Flood Insurance Program. These federally-supported plans are issued by local, private companies. Prices will vary based on location, coverage needed, and a property’s overall flood risk. Contact a North Carolina insurance agent to discuss your options.
Call Lee Insurance Agency LLC today
Flooding can rarely be prevented. But, if it does, you can trust you’re protected. Schedule an appointment with one of their experienced agents today.