Three questions to ask before you buy an auto insurance policy

The auto insurance policy you choose could significantly impact your finances if you get into an accident. You, therefore, need to put careful research into selecting a policy and ask the right questions to pinpoint the best possible policy for your needs. 

At Benefit Insurance Services, we offer auto insurance to motorists in Myrtle Beach, SC. We recommend that motorists consider the following three questions before they purchase an auto policy:

How much is your vehicle worth?

The value of your vehicle is an important factor when you’re deciding whether you want to purchase collision coverage.

While you’re required by law to purchase liability coverage, you’re not required to purchase collision coverage. However, you have to pay out-of-pocket for damages to your own vehicle if you don’t have collision coverage.

The more your vehicle is worth, the more important it is to purchase collision coverage to protect the investments you’ve made in your vehicle.

Will there be other individuals regularly driving your vehicle?

It’s important to make sure that your insurance will still apply if you allow another individual to drive your vehicle. Your insurance policy will definitely cover accidents and issues when you’re driving, but insurance companies won’t necessarily offer coverage if an accident occurs while you were letting someone else drive your vehicle.

You need to discuss coverage for additional drivers with your insurance policy if there will be other friends or family members regularly driving your vehicle. 

Do you use your vehicle for professional activities?

You may need to purchase a commercial vehicle policy if you use your vehicle for professional activities. Standard auto insurance policies don’t typically cover damages incurred when a vehicle is used for commercial activities. 

If you’d like to learn more about auto insurance policies in Myrtle Beach, SC, contact us at Benefit Insurance Services for assistance.

What kind of coverage is received with motorcycle insurance?

For those that are in the Myrtle Beach, SC area, riding a motorcycle up and down the coast can seem very appealing. When you are able to do this, you can enjoy the warm weather while also getting to your ultimate destination. While there is a lot of fun that comes with riding a motorcycle, it is also an asset and responsibility that you need to take seriously. Part of this includes getting a quality motorcycle insurance policy as it can protect you in several ways.

Protection for Asset

One type of coverage that is received with motorcycle insurance is property coverage and protection for your asset. If you are in an accident, if the motorcycle is stolen, or any other type of loss occurs, it would be hard and expensive to repair or replace the bike. When you get a motorcycle insurance policy, you will receive coverage for all of these situations, which ensures it can be replaced or repaired affordably. 

Ensures Legal Liability Compliance

Additionally, when you have motorcycle insurance you will stay in compliance with state laws. Anyone that operates a motorcycle in Myrtle Beach, SC will be required by law to carry motorcycle insurance at all times. When you have this coverage, you will have liability coverage if you are found responsible for damages caused in an accident. 

When you are ready to start looking for motorcycle insurance, it is important to work with someone that you can trust. The insurance professionals at Benefit Insurance Services have helped people all over the state get into quality motorcycle insurance policies. Benefit Insurance Services will spend time with you to assess your current situation to figure out what type and level of coverage you need to provide the right coverage. 

Common Questions about Renters Insurance

If you are renting in Myrtle Beach, SC, you may have questions about renters insurance.

Is renters insurance required?

Your landlord can require you to have renters insurance and it will depend on a case-by-case basis. Even if you aren’t required to have renters insurance in Myrtle Beach SC, you should still consider it for its many benefits.

What things does renters insurance cover?

Renters insurance covers more than just your belongings; many policies also cover liability if someone hurts himself or herself in your home. If you have to live away from your rental due to repairs following water damage, smoke, or fire, your insurance can cover the cost of accommodations as well. Many plans will also cover your belongings while you are on vacation or if they are in your car. An agent at Benefit Insurance Services can help you go over the fine print of your policy.

How do you determine how much coverage you should have?

Doing a home inventory and figuring out how much your stuff is worth can give you an idea of how much insurance you should have. Not having a proper inventory can hurt you in the long run and you always want to have receipts for big-ticket items and take photos.

Does your insurance also cover your roommate?

Some providers can allow you to add someone not related to you on your plan but it’s best if you and your roommate have separate policies. If you only have one policy then if a claim is made against your roommate, that will go on your insurance record as well and it could hurt you down the road.

Does renters insurance cover pets?

Those who have pets should definitely have renters insurance. If your dog bites someone, it is covered under your limits and if your pet ruins your friend’s couch, you may also have coverage. However, renters insurance won’t cover you if your pet ruins your own furniture.

Contact Benefit Insurance Services to get a quote on renters insurance.

Protect Your Health With Vaccinations

One of the more common health topics developing in the south and Myrtle Beach, SC community revolves around vaccinations. Because the area is growing substantially with retired citizens and growing families, this concern for vaccinations is more important than ever for our clients at Benefit Insurance Services. Below are some of the common vaccinations and how they benefit our clients.

What vaccinations are available? 

  • Influenza
  • Chickenpox
  • Smallpox
  • Hepatitis A
  • Measles

These are just a few of the vaccines that are offered by physicians in the Myrtle Beach, SC area. Some of these vaccines are required at certain ages for small children. Others such as the influenza vaccine is a vaccine that is only effective annually. 

Benefits of Vaccines

Vaccines are not only beneficial for the person receiving them, but they protect the health of those around us. When you are unable to get these diseases, they do not spread to other family members who may not be vaccinated. With Myrtle Beach being a heavy tourist area in the summer months, international travelers who may not have been vaccinated can bring diseases with them to the area and infect those who have not been vaccinated. For those who are vaccinated, they are safe from the harmful and sometimes deadly effects of these diseases. Having a record of your vaccinations determines what you are protected from and gives your physician an insight into what other vaccines you may need. 

Get your vaccines with Health Insurance

If you live in the Myrtle Beach, SC area or Horry County and do not have health insurance, it is time to give our agents a call. At Benefit Insurance Services, we have a policy that will fit your needs and help you get vaccinations for you and your family members. Call us today for more information. 

Reviewing Your Homeowners Insurance: Five Tips For Seniors

Many older Myrtle Beach, SC residents who own a home enter their retirement years looking for ways to cut expenses. One place they could be saving money might be their homeowner’s insurance.  Because a home is usually the largest investment your family might have, it wouldn’t be wise to indiscriminately cut property and liability coverage. So, what is the best way to evaluate your insurance coverage to ensure you’re protected? 

Bring Your Coverage Up to Date 

Because older policies may be providing inadequate coverage, it’s important to read your current homeowners policy and make sure your coverage is up to date, especially if you’ve owned the policy for a while. You may want to consider purchasing guaranteed or extended replacement cost coverage rather than actual cash value coverage which typically only pays the current value of your home – minus age and wear-and-tear deductions.  

Increase Your Deductible 

Having a low deductible sounds great in theory, but in reality, you pay a premium for having a low deductible in the form of higher annual payments. If you have savings or an emergency fund you can save money by raising your deductible for claims up to $1,000 or more.  

Sign Up for Duplicate Premium Notices 

If you, like many retired homeowners, don’t have a mortgage, your premium is not being paid by the bank from your escrow account anymore. The premium notices are instead sent directly to you. If you misplace or forget to pay your premiums your coverage may be canceled, which has the potential for catastrophic consequences.  It is wise to designate an adult child or other trusted relative to receive a duplicate premium notice and ensure that it’s paid on time. 

Don’t Be Tempted to Cancel Your Homeowners Insurance 

Many American homeowners – especially those who have never filed a claim, make the mistake of canceling their homeowner’s insurance once their mortgage is paid off. If you are like many retirees, your home represents the greatest part of your net worth, yet older homes face greater risks for fire.

Check Your Liability Coverage 

The most overlooked homeowner’s insurance coverage is a liability, according to experts. As a retiree, you are more likely to have someone in the home helping you. If someone slips and falls, you may be sued, and you could lose all of your retirement nest egg. Make sure your personal liability coverage is equal to your net worth. 

Do You Have Questions About Your Myrtle Beach, SC Homeowners Insurance? 

We have answers! Give Benefit Insurance Services a call today to find out if your current homeowner’s policy needs updating.  

Give Your Grand Strand Business a Quality Reputation with Commercial Insurance

The industry in Myrtle Beach, SC is booming, especially with the growth coming to the area. For businesses who have been in the Grand Strand for a significant amount of time, they know the benefits of carrying commercial insurance and how it protects them and gives them a quality reputation that keeps their clientele strong. Choosing Benefit Insurance Services for their policy has been significant for their businesses. 

Contracting and Customer Property

Any industry or business that requires you to perform a service at the customer’s personal property will have the customers questioning your coverage. In order to obtain a quality reputation, your business will be insured to cover any damages to your property and employees, as well as the customer’s property. 

Storing Data and Cyber Crime

Does your business require sensitive and private information from your clients? With the ongoing use of digital databases, the appeal to hack and steal this information is on the rise. Although you may keep your cybersecurity updated, there is always a risk of hacking and information being stolen. Showing you have commercial insurance to protect against this type of crime shows responsibility to your customers and increases your reputation. 

Cover Your Hospitality Business

With guests and tourists flocking to Myrtle Beach, SC annually, it is critical that these businesses protect their guests from accidents and damages as a result of those. You are not only protecting your property with this coverage, but also your guests who could be put at risk due to another’s negligence. 

Secure Your Local Reputation

Let your customers know that you are responsible and equipped to take on the Grand Strand. Contact Benefit Insurance Services today about the different types of commercial insurance and get the policy you need.

When my child moves out can I still keep them on my auto insurance?

Parents want to help their children as much as they can. Getting your own auto insurance policy, especially if you are younger can be very expensive.  Keeping your child on your auto insurance policy once they move out makes good financial sense but does it make good legal sense?  This is the sort of question that many parents in Myrtle Beach, SC are facing. The knowledgable staff at Benefit Insurance Services are the people to help you with this thorny issue. 

Moving out

Much can be made of the phrase moving out. If your child moves out to go away to school, this is one issue. If they move out into an apartment on their own or with a group of friends, this is another issue. The answer for the first scenario is quite simply yes, the permanent address is still the same as yours and as long as it is still legitimately their home, they can remain on your policy. If however, they have completely moved out, you get into a much more gray area. If you are still the owner of the vehicle that they are driving, then they are covered as "any driver" of a covered vehicle. But if you conceal the change of address from your insurance company, you can be guilty of fraud and not only can they deny coverage in the event of an accident, they may choose to cancel the entire policy. 

The most direct answer is if the move is not permanent, then yes but it is risky to try to retain the coverage if they have moved away for good. 

Your situation may be different and talking to the helpful staff at Benefit Insurance Services in Myrtle Beach, SC can help you to make the correct decision. Give their office a call or stop to make sure you don’t put yourself or your child at risk. 

 

What are the benefits of getting a motorcycle insurance for my South Carolina motorcycle

For those that are in the Myrtle Beach, SC area, spending a nice summer day on a motorcycle riding up along the coast is a dream. While there are plenty of exciting reasons to get a motorcycle, you need to remember that it is a very valuable asset that requires proper insurance consideration. Due to this, you should get motorcycle insurance as it will benefit you in many ways. 

Legal and Loan Compliance

One of the reasons why you should get a motorcycle insurance policy for your motorcycle is that it will ensure that you are in compliance with all requirements under your loan agreement and state laws. If you took out a loan to buy your motorcycle, your lender will undoubtedly require you have a full collision and comprehensive insurance policy. Also, state law for those in the Myrtle Beach, SC area will require that you have liability insurance for your motorcycle. 

Ensures Your Asset is Covered

If you buy a motorcycle, whether it is with a loan or cash, you likely will invest a lot of money into it. One of the worst things that could happen would be if the motorcycle is damaged in an accident and you are not covered by insurance. Your motorcycle insurance policy will give you protection for accident damage as well as many other situations that could cause a loss for you. 

When you get a motorcycle and need insurance in the Myrtle Beach area, you should reach out to Benefit Insurance Services. The professionals at Benefit Insurance Services know how important insurance is for motorcycle owners. They can then help you to get into a policy that will give you peace of mind and provide you with all necessary forms of protection. 

What does condo insurance cover

Owning a condo is in some ways like owning a freestanding house and in other ways, it is quite different. When it comes to what condo insurance covers, it is important to understand what is covered by the association’s insurance and what needs to be covered by your personal policy. Condo owners in Myrtle Beach, SC can count on Benefit Insurance Services to have the answers to any questions they may have about condo insurance. 

When you own a condo, the exterior of the building and the shared areas like the pool, gym, walkways and parking lot are covered by the insurance that the association holds. It should have insurance that covers damages as well as liability in case someone is injured while visiting. South Carolina requires that associations have insurance but it does not define the specifics of the necessary coverage. As an owner, it is wise to double-check that coverage.

As a condo owner, you may be required by your lender to have a condo policy. Your policy covers the interior of your structure, the interior floors, ceilings, walls, etc. It also includes your personal property such as your furniture, clothing, appliances, and electronics. Above that, it also provides you with liability insurance in the event that someone is injured inside your dwelling or by your personal pet outside the building. It can also protect your personal property when you are carrying it with you away from home. Coverage includes things like fire, water, vandalism, and wind.

If you are purchasing a condo or already own one and you live in or near Myrtle Beach, SC, why not give Benefit Insurance Services a call or stop by our office. We have knowledgeable agents who are happy to sit with you and explain all the benefits that condo insurance can provide.

How To Recover From A Flood

From our miles of gorgeous coastline to our hometown hospitality, it’s no wonder why Myrtle Beach, SC is a favorite place to settle down. But for all its beauty and natural wonder, our coastal city is not without its dangers. Flooding is a terrifying reality many residents face year after year. Are you prepared to recover if your home floods? Here is a handy list of flood recovery tips from Benefit Insurance Services.

Prepare Early

If you’re already concerned about flooding, now is the perfect time to take initiative. That means taking the time to do a home inventory. A home inventory is a listing of all your assets, from electronics to appliances and even your clothing. Store your inventory somewhere safe, like a bank deposit box or on a trusted home inventory app.

Staying Safe

While you may want to enter your home soon to recover what you can, it’s important to be mindful of danger. Never enter a residence if the floodwaters are deep enough to obscure the first floor. Know that electrical or gas lines may be damaged, which can lead to electrocution, breathing troubles, or fire. Wear sturdy shoes to protect yourself from broken glass, furniture, and dangerous animals such as snakes that you may accidentally step on.

Recovering Your Home

You should inform your flood insurance company as soon as possible to make a claim. Take pictures of your damaged property to aid in assessing damages. (This is where a home inventory is valuable!) Make sure you inspect your foundations for cracks and weaknesses in your walls and ceiling. Be wary of criminal activity such as looters or scammers. 

Benefit Insurance Services understands that flood recovery is a daunting task. If you live in Myrtle Beach, SC and are concerned about protecting your home we encourage you to reach out and talk to us today.