Does Home Insurance Cover Contractor Damage?

You’ve decided to add to your home’s value by adding to it or remodeling it. Whether you simply update the wiring or add a deck, you add value. You do have a few homeowners’ insurance items to consider before embarking on your project. One aspect to consider is what your home insurance covers if a contractor performs faulty work or damages the home. Call or visit Benefit Insurance Services in Myrtle Beach, SC to learn more about home renovating insurance needs, but jump into the topic with this introduction.

Policies vary. Each state’s law varies. Homeowners policies cover property damage. In Amerisure Mutual Insurance Company v. Auchter Company, a Florida court found that removing or repairing “defective work” did not qualify as property damage, therefore, the policy did not cover the defective roof Auchter, a general contractor, installed on a building for Amelia Island Company.

On the other hand, if a contractor causes damage to your home while conducting work there, homeowners’ insurance does cover the damage. For example, if their welding sparks a fire, your policy generally covers that. So will the contractor’s policy. Always ensure that the contractor you hire carries proper insurance.

Your home policy doesn’t cover poor workmanship. To address that issue, you’d need to contact the contractor to have them repair or redo the work.

Let’s say you don’t catch the shoddy work until it damages your home. In this case, the poor workmanship causes property damage. In most cases, the property damage is covered by the policy. It won’t cover the replacing the cause of the problem.

Stop by Benefit Insurance Services in Myrtle Beach, SC to discuss your impending remodel and check your coverage limits. Your policy may not automatically cover an addition or new room.

The top ways to insure your recreational toys

As the weather starts to heat up, many residents in the Myrtle Beach, SC area are ready to begin using their boats, jet skis, RVs and other recreational toys so they can start enjoying the summer months. To have peace of mind will you are engaging in summer activities with recreational toys, you will want to make sure you have adequate insurance in place. If you are unsure if you have the correct insurance for your recreational toys, reach out to an agent at Benefit Insurance Services, and we will be happy to review your coverage.

Whether you own a water ski, a boat, an RV or an all-terrain vehicle, it is essential to have insurance outside your homeowners’ policy to make sure you are adequately covered in the event of an accident.

It is critical to have insurance for third party liability and property damage. Activities like jet skiing can be great fun, but it also comes with unique risks. A liability policy will help with costs arising from liability as a result of you operating your recreational toy.

In addition, carrying a policy that will cover the medical payments as a result of an injury while operating the recreational toy is important.

Recreational vehicles are a financial commitment so you will also want to carry comprehensive coverage in the event your recreational toy suffers a loss when not in use such as theft or vandalism.

Finally, collision coverage will assist with the cost of repairing or replacing your recreational toy in the event it is physically damaged in an accident.

No matter if you use your recreational toy once a month or every day it is critical that you carry a policy that will protect you in the event of the accident. If you have questions about your current policy or would like to explore options for a new policy, please feel free to reach out to an agent at Benefit Insurance Services. We proudly serve the Myrtle Beach, SC area.

What Kind of Insurance Policy do I Need for my Motorhome?

If you live in the Myrtle Beach, SC area and you are purchasing- or have purchased- a motorhome, you may be wondering what kind of insurance you need.  Benefit Insurance Services serves customers in the Myrtle Beach, SC area. We can help you identify the proper insurance policy for your motorhome or RV. Below are some facts about motorhome insurance you may not have been aware of.

RV and Motorhome Insurance Classifications and How it Works

Auto insurance policies for motorhomes and RV’s works differently than with a general automobile insurance. Motorhome insurance is broken down by classification and the classification types are determined according to full-time living, usage, etc. Motorhome and RV Insurance are classified as follows:

The classes of RV include:

  • Class A- Motorhomes and coaches up to 75 feet long, including luxury coaches, motor coaches, and converted buses.
  • Class B- These vehicles are the smallest class of RV’s and include campers, travel trailers, and cargo vans. Class B vehicles do not have a cab-over.
  • Class C- Class C vehicles are a blend of A and B class types. They include an attached cab as well as an overhang extending over the body of the cab for sleeping or storage. These vehicles are built with a truck or van base that has been designed for motorhome usage.

Basic insurance coverage for motorhomes works the same as a general auto insurance policy. Coverage includes basic collision and liability. If you want to go further in covering your belongings from theft, fire or damage, you can opt to purchase additional insurance. Not sure where to begin? Contact our agents at Benefit Insurance Services today to receive a comprehensive breakdown of the best motorhome insurance policy for you.

Can a Condo Association Require You to Buy Condo Insurance?

Condo insurance is similar to home insurance. It helps to protect the investment that you made in the condo you purchased. However, unlike home insurance, condo insurance only covers the space you own, instead of the entire structure. One of the questions that is asked at Benefit Insurance Services serving the greater Myrtle Beach, SC area, is whether an HOA or Condo association can require you to carry condo insurance. Here is the answer.

Can a Condo Association Require You to Buy Condo Insurance?

A condo association can require you to buy condo insurance. However, this requirement has to be in place when you purchase the condo. If this is a requirement that is added after you move into the building, you are grandfathered into the old rules of not having to buy condo insurance. If an association requires you to purchase condo insurance, it must be written in their condo association rules and made clear to any potential buyers.

Who Else Can Require You to Buy Condo Insurance?

If you have taken out a loan to purchase your condo, the lender can also require you to purchase condo insurance. This protects the investment that they made when they lent you the money. This is very similar to a lender requiring a borrower to obtain homeowners insurance when purchasing a new home.

Even if you are not required to purchase condo insurance, it is strongly recommended that you do. This helps to protect the investment that you made when you purchased the condo. If you are looking for condo insurance in the greater Myrtle Beach, SC area, turn to Benefit Insurance Services. Give us a call today to learn more.

Do You Need Motorcycle Insurance Year Round?

If you are a motorcycle owner in the Myrtle Beach, SC area, you may be wondering if having motorcycle insurance is something that you need to have at all times in the year. This is especially true if you do not ride your motorcycle insurance year round. Here at Benefit Insurance Services, we recommend that you should always have motorcycle insurance on your motorcycle. These are some of the main reasons why we recommend it.

  • You will not have coverage for any damage when you are not riding. There is always the possibility that your motorcycle could have some damage even when you are not actively riding it. If this happens and you do not have insurance, you will have to pay for this out of pocket.
  • You never know when you may ride it. The winter season does not last very long here in Arizona. If you are trying to estimate how long you will need to have coverage for the year, you could easily underestimate the time that you will be driving it. You could want to take it for a ride and will not be able to because you will not have coverage.
  • You will remain legally compliant by having year-round coverage. If you are going to be driving your motorcycle, you need to have the right amount of coverage that is mandated by the state. You should have this coverage on your motorcycle at all times.

If you have a motorcycle and you do not have motorcycle insurance that is currently on your motorcycle, be sure to contact us today here at Benefit Insurance Services, serving Myrtle Beach, SC. We can help you find a quote for coverage that meets your needs and is also within your budget.

Is my basement covered?

When it rains, it pours! Myrtle Beach, SC residents are no strangers to flooding. Many homeowners have refinished basements, and sadly, these areas are most likely to be affected by floods. It’s important to make sure that your flood insurance policy includes your basement. Your insurance agent at Benefit Insurance Services can help you make sure that your entire house- basement included- is covered.

When we see flooding on tv, we rarely see what’s happening inside people’s houses. Flooding can cause intense structural damage to buildings, but it’s easy to forget about the damage that can be done to everything inside of the building. FEMA encourages you to purchase two types of flood insurance- one policy is called building coverage, the other is called contents coverage. Building coverage will pay for your foundation, walls, wiring, furnace, hot water heater- but not much else. This is where contents coverage comes in. If your basement is refinished, it’s likely that you’ve invested quite a bit of money getting the decor just right. Contents coverage will cover everything inside your basement, from the washer and dryer to the furniture to the fridge and the food it contains. If your basement is prone to flooding, remember that it’s not a good idea to keep irreplaceable items (such as family heirlooms, photos, and jewelry) in the basement, unless they’re in a locked waterproof/fireproof safe.

It’s important that you talk with your qualified insurance agent at Benefit Insurance Services in Myrtle Beach, SC to ensure that your basement (and all the valuable items inside of it) are covered by your flood insurance policy. Call your agent today to make sure your coverage is sufficient.

Why Renters Insurance Is More Affordable Than You Think

Renters insurance covers renters from a number of different events that may occur to their possessions, but it does a lot more than that. It also keeps renters out of hot water should there be a liability claim against them. And yet, it’s one of the most affordable types of insurance on the market. So how can it be so low for the renters of Myrtle Beach, SC? Learn more about why this is and why you may need renters insurance more than you think.

Expected Loss

When it comes down to it, your policy is determined by your expected loss. And for renters, this loss tends to not be very high. So while it’s true that common catastrophes such fire, theft, and flooding can occur, the odds are low enough and the payouts small enough that renters can typically make out like bandits when it comes to protecting their possessions. Along with protecting all of your physical possessions, insurance manages to keep people protected from the absolute worst-case scenarios.

Worst-Case Scenario

Did you know that you may be held responsible if you hosted a party and a friend happened to leave the premises after having a few too many drinks? This means that you could partially have to pay for any medical costs if they happened to accidentally hurt someone on the drive home. While it’s unlikely that this will happen, Benefit Insurance Services doesn’t want anyone to be caught unawares.

The renters in Myrtle Beach, SC need an insurance company that they can count on which is why Benefit Insurance Services is here to fill that role. If you want to learn more about just how useful renters insurance can really be in a crisis, it’s time to give us a call today.

3 Reasons to Get Health Insurance in Myrtle Beach, South Carolina

Having imperfect health is an inevitability, but having imperfect health insurance isn’t. When life sends you for an unexpected loop, having reliable health insurance makes all of the difference in the world. Benefit Insurance Services in Myrtle Beach, SC provides you with a supportive team of caring agents and reliable health insurance coverage. Here are 3 reasons you need to sign up for B.I.S health insurance now!

Emergencies

  • Car accident
  • Broken bones
  • Sports injuries
  • Concussion

We never think bad things will happen to us until they do. Above are just a few examples of some emergencies that we can face in this life. Make sure that you are ready and armored up with the right health insurance when you’re forced to face an emergency.

Major Illness

  • Cancer
  • Heart attack
  • Organ failure
  • Stroke

It is no great mystery what the major health threats of today are or how painfully expensive they can be to fight. When those weighty doctor bills arrive, a good health insurance plan will help alleviate some of the stress of dealing with a major illness.

Seasonal Sickness

  • Cold
  • Flu
  • Allergies

The arrival of a new season often means the arrival of those annoying seasonal symptoms and sicknesses. By having a good health insurance plan, all of those irritating seasonal doctor appointments will be more financially manageable.

So often we believe we are invincible until life throws us a curve ball to prove otherwise. Medical bills can be overwhelming and financially draining if you’re not supported by a reliable health insurance plan. So, don’t wait until it’s too late to get the health insurance coverage you need. Call Benefit Insurance Services in Myrtle Beach, SC today to get your quote and finally get the coverage you deserve.

Is Condo Insurance Required

Condo insurance is something that many condo owners are not really all that aware of. This type of policy is similar to a homeowner’s policy save for the fact that it covers condos instead of homes. For those that own a condo, much like homeowners, this type of policy is not required if you own the condo outright. For those that live in the Myrtle Beach, SC area the agents with Benefit Insurance Services can help you find the policy that works for you.

If you are renting, your rental agreement may require that you have some sort of renters insurance and if you are paying a mortgage you are going to have to have homeowner’s or condo insurance to help keep it insured. Condo insurance is not mandatory in so many words but if you do not own the condo completely you are going to have to have some sort of insurance coverage to help cover the cost of repairs if the condo is damaged in any way and to help protect the investors that have loaned you money to pay for the condo.

Condo insurance is something that is going to protect you from a wider range of things than a homeowner’s policy would due to the fact that they do take into account things like other condo owners. If you are buying a condo you are going to want to make sure that you are going to have the right policy to make sure your condo is covered and to make sure that you and your mortgage holder are both protected. For those that live in the Myrtle Beach, SC area, the agents with  Benefit Insurance Services can help you find the policy that fits your specific situation and your specific insurance needs.

Should You Protect Your Investment With Condo Insurance?

If you own a condo, not only do you have a place to live, you have an investment. Just like home insurance for homeowners, it is a great idea for condo owners to gain some knowledge on the topic of condo insurance. Here at Benefit Insurance Services, we can help you find the right condo insurance for you in Myrtle Beach, SC.

If you are a condo owner or are looking to purchase a condo in the future, there are a few things you must know. First of all, owning a condo is a lot like owning a home. As the owner of your own space, you are responsible for the interior walls and the floors of the unit. Any damages that occur while you are living there are your responsibility to fix.

This is where condo insurance comes in. Condominium policies are designed to cover any damages to your interior walls and flooring. Condo owners get to decide the value of their walls and floors so that they can be insured in a policy. In the event of damage to your interior, you will need to repair or replace your walls and flooring.

On the flip side, if you make improvements to your space, you should change your insurance policy to correspond with the added value. You should also determine the value of all the possessions you keep in your condo, as your condo insurance will cover these items as well.

Another thing that condominium insurance covers is your liability if someone is injured due to negligence in your condo.

The benefits of having condo insurance are extensive. If you own a condo in Myrtle Beach, SC, call an agent at Benefit Insurance Services today.