Residents of Myrtle Beach, SC, typically know that they need to take care of their vehicles. If you don’t happen to be a motor head, you might be collecting a nice pile of service receipts. Hang onto them. According to Benefit Insurance Services, a good maintenance record might be able to save you money on your car insurance. Here’s how.

Indirect Effects

There are two ways that regular maintenance can lower your insurance rates regardless of policy. The first is in extending the life of your vehicle. While exceptions exist, owning a vehicle for longer typically lowers your premiums. Since payouts are based on the fair market value of the car, having the same car for longer means you’re paying on a lower value for longer.

The second source of savings is in safety. Properly maintained vehicles are typically safer than those that aren’t. Avoiding accidents is good in general, but safer vehicles also give you a better chance of extending your safe-driving record. For most policies, that amounts to more savings.

Being Direct

Passive gains are great, but maintenance records can also directly lower your premiums. Since we’re talking about specific policies, the generic disclaimer applies: savings will depend on policies and procedures of the insurer. That said, there are plenty of programs that offer savings if you can show a good maintenance record (receipts are the most common proof).

If your policy doesn’t offer you such an option, you can still ask. Contact your Benefit Insurance Services representative. They can help you look for less overt opportunities to put your receipts to good use. That will leave you with a little more cash in the pocket to make the best of your life in Myrtle Beach, SC.

It seems pretty obvious that driving a motorcycle is very different than driving a regular vehicle, but few people realize that covering a motorcycle with insurance is also very different than covering a vehicle. Here are a few things you should know about covering a motorcycle.

Car Insurance Will Not Cover a Motorcycle

Do not assume that you will be able to cover your motorcycle under your car insurance policy. Because a motorcycle is a two-wheel vehicle instead of a four-wheel vehicle the coverage must be different. You will need to speak with an insurance agent in order to understand how to add your motorcycle to your policy. 

Passenger Rules Are Different

Passengers are automatically included in vehicle insurance, however the same does not apply to a motorcycle. It is assumed that a motorcycle will be a single passenger. However, if you want additional passengers included, then you will need to add this specifically to your insurance policy. You should talk with an insurance representative to get the details on how to do this. 

Seasonal Vs Full Time Coverage

Another big difference between motorcycle insurance and vehicle insurance is that with a regular vehicle it is assumed that you will be using the vehicle year round, therefore the coverage is for year round. However, many motorcycle owners only use their motorcycles seasonally. Because of this motorcycle owners have the option of carrying only seasonal insurance. This helps keep costs low for individuals who only use their motorcycle for some of the years. 

You should speak to an insurance agent to better understand whether you will need full-time coverage or only seasonal coverage for your motorcycle use. 

If you would like to learn more about motorcycle insurance, you can call one of our friendly staff at Benefit Insurance Services in Myrtle Beach, SC. 

Even though your Myrtle Beach, SC condo has insurance coverage through your association, you still need condo insurance to protect your individual unit. Your association insurance is designed to protect the exterior of your building and common areas, not your personal unit. With condo insurance from Benefit Insurance Services, you can protect your individual unit and personal goods against such risks as fire, storm damage, theft and more. Here’s why you need condo insurance.

Property Damage

With insurance protection, you can preserve your condo for years to come. Condo property damage insurance covers the interior of your unit to include ceilings, walls and floors. If a fire were to ravage your unit, your property damage insurance will help cover rebuilding costs. By taking precautions, you can protect your valuable investment from unforeseen disasters. 

Personal Belongings

If your condo was burglarized and expensive electronics, jewelry or artwork stolen, would you be able to replace these goods on your own? With contents insurance, your goods will be protected against theft or damage due to a break-in or other catastrophe. Contents insurance will cover such personal goods as furniture, appliances, electronics, clothes, jewelry, artwork and anything else you own. It even extends to the carpeting, cabinets, light fixtures and ceiling fans of your condo home.

With replacement coverage, your insurer will cover the cost of replacing your goods if they are stolen or suffer loss. An updated home inventory will enable you to keep track of your possessions to simplify making a claim if and when the time comes.

Liability

If you’re like most condo owners, you probably enjoy having family and friends over for special occasions or holiday parties. In the event of an accident, you could be held liable for damages. Liability insurance protects you against lawsuits by covering medical costs of visitors who are accidentally injured on your property.

For comprehensive condo insurance coverage at affordable costs, contact us at Benefit Insurance Services, Myrtle Beach, SC.