Top 5 Things You Should Consider When Purchasing Home Insurance

Buying a home in Myrtle Beach, SC, is one of the most significant decisions you will ever make. And since homeownership calls for your blood, sweat and tears, you need to invest in home insurance from Benefit Insurance Services to protect your prized asset.

But are you conversant with what to look out for when buying home insurance? Whether a start-up or a seasoned homeowner, below are the things to consider when shopping for a homeowner’s insurance policy.

Types of coverages

Typically, home insurance has dwelling, liability, loss of use and contents coverage. Before drawing your check, beware of the different coverages, what they cover, and decide the ones that suit your needs.

Home insurance exclusions

Home insurance doesn’t cover you against all risks — it has exclusions and exceptions. You must be conversant with what isn’t covered by home insurance so that you can buy add-ons to boost your policy. Talk to your insurance agent and read your policy document to understand what is and isn’t covered by your coverage.

Understand the claim process

Be sure you understand the claim process. What is required to make the process smooth? Of course, you would want a straightforward claim process if a loss occurs so that you can be compensated the soonest possible to repair your home.

Understand replacement value and market value

What value would your insurer compensate you if a covered peril destroys your home? There are two options — replacement value is the amount it would take to rebuild your home to its original state. Market value is the amount your home would fetch in the market, and it usually includes the land. 

Think twice about add-ons

Your typical insurance excludes damage from perils like floods, earthquakes, sewer backup, and so on. However, you can purchase add-ons or floaters to boost your insurance policy.  

Learn more about home insurance!

Would you like to get more insights into home insurance? Please get in touch with Benefit Insurance Services for more information. Also, you can visit Myrtle Beach, SC to chat with one of our agents.

What Common Exclusions Should You Consider for a Motorcycle Insurance Policy?

Motorcycle insurance is critical when riding around the Myrtle Beach, SC area or anywhere else in the United States. Motorcycle insurance helps you protect yourself as well as others. It also allows you protection with your bike. Think about how easy it is to steal a motorcycle in comparison to an automobile. When buying motorcycle insurance, though, what are some common exclusions to be aware of?

Common Exclusions to Remember

When shopping for motorcycle insurance, think about some of the common exclusions you will run into. The most common exclusions have to do with racing on the motorcycle. in the event, you are in an accident during a race, or a speed test, you will not get coverage.  

You also want to look at whether or not you are excluding other riders on your motorcycle. Look at your motorcycle insurance policy to determine if you have liability coverage for other riders or not. It is a common exclusion, not every policy wraps in.

Some policies may restrict how many miles you can drive over a 24-hour period. In the event, your bike is in an accident or is stolen, what was the cause? The loss may see an exclusion if it was due to poor maintenance of the bike. if the bike was stolen because you left the key inside the ignition, you also may see an exclusion kick in.

Conclusion

When shopping for motorcycle insurance in Myrtle Beach, SC, you need to be aware of all options on the table. Know the common exclusions and what you are shopping for exactly. If you want more information on motorcycle insurance, reach out to the team at Benefit Insurance Services today.

What Does Condo Insurance Cover?

Owning your own condo is a great experience and it is your home so you will want to protect it properly. One way you can do that is by purchasing condo insurance and the staff at Benefit Insurance Services in Myrtle Beach, SC can help you to determine the proper coverage. What does condo insurance cover?

In South Carolina, when you purchase a unit in a condominium, it is the condominium association that must have insurance on the structures in the complex in which your condo is located but there are no rules governing how much insurance they need for each unit or what it should cover. To be on the safe side, it is better to have your own condo insurance policy to ensure that your precious home is fully protection in the event of a natural disaster, such as a hurricane or a tornado. You can also have coverage that will cover your condo as well as your belongings, including your furniture, appliances, clothing, and other personal items, in the event that a fire occurs in your condo. This will also cover your things and your unit if it is broken into and items are stolen.

Keep in mind that condo insurance only covers property damage and liability within the inside area of your condo.

Be sure to go over your condo insurance policy that is in place by the condo association with an experienced and trusted insurance agent before you purchase condo insurance. This will ensure you are not paying for coverage on your condo that is already in place.

When it comes to the policies your condo association may have in place, and ones that you can also choose from, there are three types of coverage options. You can opt for an all-inclusive policy that will protect your condo inside and out. This will include things you have installed, additions that have been added, and fixtures that are already in place inside your condo.

Special entity insurance will cover the structure of your condo and fixtures. This type of policy will not cover things you have had installed or fixtures though.

Bare walls in and wall studs in insurance will only cover the structure of your condo but nothing on the inside that is installed.

To figure out what type of condo insurance will be best for you and your situation, contact the trusted condo insurance agents at Benefit Insurance Services in Myrtle Beach, SC today!

Does Homeowners Insurance Cover Plumbing?

Yes. Homeowner’s insurance coverage can take care of plumbing damage if the damage is under the covered perils and accidental and sudden. However, damage caused by leaky and old pipes may not get covered. In essence, damages that result from slow and cumulative damage to plumbing systems don’t get covered by homeowner’s insurance policies.

Cases In Which Plumbing Damage May Get Covered

  • Typically, you should anticipate some compensation if the following plumbing incidents or accidents cause damage to your home and property.
  • If your plumbing contractor repairs or incorrectly installs your plumbing system. In this case, the plumbing company’s cover may take care of the mishaps and resulting losses.
  • The plumbing pipes or system experiences a sudden burst.
  • If the utility company or neighbors’ plumbing system causes property damage on your property.

When Is Plumbing Damage Not Covered by The Homeowner’s Insurance Cover? 

Plumbing damages may be uncovered in some instances, including:

  • When the plumbing system is too old, and it succumbs to normal wear and tears.
  • When freezing causes damage out of plumbing system neglect.
  • When the plumbing system reveals signs of rust, corrosion, and aging of fixtures.
  • When the nearby sewer or sump pump backs up, leading to damage.
  • When your plumbing system uses unreliable polybutylene plumbing.

If your home insurance cover fails you in such instances, you may need additional coverage to protect you when plumbing damage occurs. Here are cases where you may need extra plumbing cover to back up your homeowner’s insurance. To be well-protected, get:

  • A sump pump rider.
  • A water or sewer backup rider.
  • A mold damage rider
  • Flood insurance

Get A Homeowner’s Insurance Cover That Protects Myrtle Beach, SC

If you’re a Myrtle Beach, SC, resident, then try Benefit Insurance Services. At Benefit Insurance Services, you can get a home insurance cover to protect you against plumbing damage. Visit the Benefit Insurance Services website for more information.

Motorcycle Insurance: How to Maximize Safety in South Carolina

Motorcycle accidents take hundreds of lives in America every year and injure thousands of others. Any vehicle or car accident has the potential to change your life. Many South Carolina motorcycle accidents can be avoided.

At Benefit Insurance Services, we want to help Myrtle Beach, SC motorcycle drivers maximize their safety in every way when they are on the roads.

Follow the Manual

Many motorcycle drivers don’t take the time to follow the manual for their bike. They know how to drive it, and don’t think they need it. Take the time to review the safety precautions in your manual, and you might see tips that you haven’t been using regularly.

Bike Inspections

Whether you pay to have them done or do them yourself, bike inspections are an important part of being a motorcycle owner. Walk around it to make sure there are no obvious problems.

Check for rust and leaks, or any parts that are falling off or need repair. Even if these problems don’t damage the integrity of your drive or your bike, they could distract you on the road and lead you into an accident.

Keep the bike maintained with regular fluid top-ups and a fresh battery.

Tires and Brakes

You should be getting your tires replaced every five years. When they don’t need to be replaced, stay on top of them by checking the pressure and checking for damage. 

Know where your brake pads are and what to look for if they are having problems. These issues are going to be a big problem for you on the road if they are damaged or worn, and you aren’t aware of it.

Get a Quote

Keep your bike in good condition, and follow the law for other ways to maximize your safety. Don’t check your phone on the road, and don’t drink and drive. When you are ready to add more protection to your motorcycle rides, call Benefit Insurance Services serving Myrtle Beach, SC for a motorcycle insurance quote.

Types of Condo Insurance

If you own a condo in Myrtle Beach, SC, getting condo insurance should be your next step. From protecting your property against damage to covering you when you get liability claims, these are just some benefits you can expect from condo insurance. Where to start, however, may be a problem if you are a new policy seeker. Benefit Insurance Services can help with this, with the following guide coming in handy for residents looking for condo insurance types.

Building Property Coverage

Building property coverage protects the interior of your condo against disasters such as fire, vandalism, and theft. Among the items protected by this coverage include permanent fixtures such as interior walls, sinks, floors, and cabinets. Depending on the extent of damage, building property coverage will help you take care of the costs of replacing or repairing these items.

Liability Coverage

Lawsuits can occur at any time, with the most common incidences being when a guest gets injured while visiting your condo or their property gets destroyed. Liability insurance covers liability claims arising from such instances and will take care of your legal expenses, medical costs, and repair or replacement costs.

Contents Coverage

When hazards such as storms, theft, and fires cause damage to your property, contents coverage will take care of your repair and replacement expenses. Among the items catered for by this policy include clothing, furniture, and electronics.

Loss of Use Coverage

If your condo becomes uninhabitable due to damage from covered perils, loss of use coverage provides compensation for your additional living expenses. This includes the cost of accommodation, your meals and travel costs.

Loss of Assessment Coverage

Communal living spaces can also get destroyed when disasters strike, a factor that will require your Master’s Policy to cater to the repair expenses. Where the costs exceed the Master’s Policy, condo owners are often required to contribute to the difference. Loss of assessment coverage comes in handy here, providing coverage for such costs.

If you are looking for condo insurance within Myrtle Beach, SC to protect your property, get in touch with Benefit Insurance Services today. Our agents will take you through our coverage options and help you get a tailored policy.

Types of Home Insurance in Myrtle Beach, SC

If you live in Myrtle Beach, SC, and are interested in learning more about home insurance, you should see what the professionals at Benefit Insurance Services can do for you.

There are eight main policy types when it comes to home insurance. HO-1 is the most limited and basic type of policy, typically meant for single-family homes but not very common nowadays; HO-2 is more common and a little bit of an upgrade from HO-1. HO-3 provides even broader coverage and is the most common type of homeowners insurance policy. HO-4 is for people who are renting, HO-5 is the most comprehensive type, HO-6 is for condo owners, HO-7 is for the owners of mobile or manufactured homes, and HO-8 is a special type of insurance for homes that do not meet standards for other policy forms.

In South Carolina, hurricanes and tropical storms are fairly common. Homeowner’s insurance typically includes damage from these sorts of winds. It will often also protect your home from damage caused by hail, which is good in South Carolina because hail storms are fairly common. There may be special stipulations regarding hail in regions within South Carolina where hail storms are particularly common. Usually, hail will be named along with fire, wind, theft, and other potential causes of damage that may be listed within your home insurance policy.

However, you should be aware that flood damage is not necessarily going to be covered. You might need to purchase a separate flood insurance policy if this is your concern. You can do this through the National Flood Insurance Program or through a private seller if this is possible in your area.

If you live in Myrtle Beach, SC, and are interested in learning about the types of home insurance options that are available to you, you should contact the professionals at Benefit Insurance Services and see what they can do for you. 

Do You Really Need Motorcycle Insurance?

Along with greater freedom on the road, motorcycles come with a greater risk of injuries or property damage in the event of an accident. That’s why it’s imperative to have motorcycle insurance. Motorcycle coverage from Benefit Insurance Services offers protection against accidental injuries, property damage, theft, vandalism, breakdowns, and more. Here’s how motorcycle coverage works to protect you against accidents.

Motorcycle Insurance Options in Myrtle Beach, SC

Motorcycle policies offer diverse coverage options to suit the needs of different types of riders. These options include:

Collision coverage – to cover damage to your bike if you crash into another vehicle, a tree, wall, telephone pole, or another stationary object

Comprehensive coverage – to compensate you for motorcycle theft or damage to your bike from non-collision causes like severe weather, vandalism, or falling objects

Uninsured motorist coverage – to cover repairs to your motorcycle if you’re hit by an uninsured or hit and run driver

Medical payments coverage – to cover your medical expenses if you’re injured in a motorcycle accident

Importance of Motorcycle Coverage

If you love to take road trips or travel long distances for business purposes, motorcycle coverage is even more important due to the risks of highway accidents. Motorcycle accidents can be much more severe than vehicle accidents as you’re more exposed to injuries and the elements. The right insurance coverage can save you thousands of dollars or more in medical or property damage expenses in the event of an accident. Unless you have the funds to pay for these costs out of pocket, you’d do well to protect yourself with quality motorcycle insurance coverage.

Where to Obtain Motorcycle Insurance

If you’re in the market for motorcycle insurance in Myrtle Beach, SC, you’ll find just what you need at Benefit Insurance Services. Call or visit us today for all your vehicle insurance needs.

When should you review your home insurance

Most homeowners get their home insurance when they first buy their home. Your insurance agent should suggest you review your policy every year but baring a huge increase in your premium, chances are you haven’t. It’s understandable, you get sent a huge pile of paper with lots of boring language on it and it is not exactly fascinating reading material. Despite that, you should at least look it over to make sure the coverage you have makes sense with your life right now. At Benefit Insurance Services in Myrtle Beach, SC, we take pride in the level of our customer service and we always make sure you have the insurance you need. 

When your policy renews

When your home insurance renews you will get a declaration that gives you information about your basic policy. It tells you how much insurance you have on your home to replace it. The amount that you have in content coverage and your liability. It should also list your deductible. If you haven’t checked the amount of coverage you have to replace your home, you must make sure it makes sense with the building costs in your area.  

When you make home improvements

Not every home improvement increases the value of your home but some do. If you renovate your kitchen or bathrooms, these do add value. Finishing a screen porch into a room or your basement also adds square footage. If you install a home security system or a new roof, these can save you money on your premium so it is worth talking to your insurance agent.

At Benefit Insurance Services in Myrtle Beach, SC, we are independent agents who offer our customers choices when it comes to home insurance coverage. Visit us online, call us or stop by our office for a no-hassle quote. 

Helmet laws and motorcycle insurance in South Carolina

Whether motorcyclists are required to wear a helmet or not while riding can vary by state, and the decision to wear or not wear protective gear can also have insurance consequences as well. As a general safety rule, it is always best to wear a helmet and protective equipment to minimize the chances of injury or death while operating a motorcycle in Myrtle Beach, SC. 

South Carolina’s helmet laws

Any motorcyclists who are under the age of 21 are required to wear a helmet at all times while operating a motorcycle or riding as a passenger. Once the person reaches the age of 21, they can choose to no longer wear a helmet without violating any traffic laws. Any helmets that are worn must meet the state department of transportation’s requirements, which include a chin strap and reflectors on the helmet’s sides. 

Insurance consequences

Most riders will want liability and collision coverage that will protect them financially if they are ever involved in an accident. An agency such as Benefit Insurance Services can provide this protection. If a cyclist is injured in an accident when they were not wearing a helmet, they may be considered partially or completely at fault for their own injuries as a legal matter. This is because most jurisdictions in the U.S., including South Carolina, have negligence laws that allow a defendant to be relieved of liability if the person suing them is partially or mostly at fault for the accident and injuries.

Learn more about motorcycle insurance from an agent

There are agents who serve the Myrtle Beach SC area with guidance related to choosing a policy and learning about coverage. Benefit Insurance Services has professionals ready to speak with you about any of these concerns.