Renters Insurance Myths Exposed

Based in Myrtle Beach, SC, Benefit Insurance Services serves the community by helping residents find the coverage that they need. We strive to make sure that our clients are covered for any situation that life may throw their way. As an independent insurance agency, we work with multiple carriers throughout South Carolina.

Renters Insurance Myths Exposed

Many people in Myrtle Beach, SC enjoy staying in rental properties, as they offer a great view of the coastline. If you are staying in a rental property, renters insurance will help you protect your personal items in case something happens. You will also be protected if someone gets injured while they are visiting your rental property. Unfortunately, there is a lot of misinformation regarding renters insurance that has started to spread. Here is the truth behind some common renter’s insurance myths.

My Landlord Covers Everything

This is incorrect. Your landlord may have a policy to cover the physical structure of your unit. However, they are not covering your personal items. Renters insurance is the only way that your personal items are protected if you are a victim of theft.

It’s Not Necessary For My Items

All of your personal items hold some type of value. Do not assume that just because you do not own any expensive or luxury items that renters insurance isn’t necessary. Accidents can occur at any time, and renters insurance provides you with a safety net.

I Don’t Have To Think About The Weather

While you are researching coverage, remember that the weather in the region can be unpredictable at times. Renters insurance will protect you if your items are damaged as a result of a fire or inclement weather. Renters insurance will give you a little bit of peace the next time a hailstorm moves through the area.

Benefit Insurance Services Will Help You Protect What Matters Most

Visit our website today to learn more information about renter’s insurance.

How is a Myrtle Beach business protected by commercial insurance?

In the Myrtle Beach, SC area, there continues to be a strong level of demand for small businesses. In this area, there is always a consistent population base as well as visitors and tourists. For companies that are looking for a place to grow, this can make it a great place to be. While there is a lot of opportunity for those to be successful business owners here, there are risks as well. Fortunately, you can protect your business with a commercial insurance policy. 

Insurance Protects Company Assets

One way that you can be protected by commercial insurance is by receiving coverage for your business assets. If you are looking to grow a company, you will need to invest in some assets including equipment and inventory. These core assets need to be protected as well as possible. When you get commercial insurance, you can receive the protection to repair or replace your assets when necessary.

Liability Risk Protection

As a business owner, you are also going to take on liability risk at all times. Whenever you sell a product or service, you could be found at fault for any damages that are incurred through the use of what you provide. Since these expenses can be significant, it is important that you protect against this risk as much as you can. With commercial insurance, you will receive an appropriate amount of business liability protection.

When you are shopping for commercial insurance in Myrtle Beach, SC, you should call Benefit Insurance Services. The team at Benefit Insurance Services knows very well how an insurance policy can protect a business. When you work with them for your commercial insurance needs, the team will help you choose a policy that is ideal for your organization. 

Why is it a good idea to get health insurance in South Carolina?

When you are looking for a great place to live, Myrtle Beach, SC continues to be a great option. This area of South Carolina offers a lot of benefits and amenities, which can include great weather and beach access. For those that do live here, having the right insurance coverage is important. One important part of any personal insurance plan is health insurance. There are several reasons why having health insurance is so important and a good idea.

Ensures Access to Care

One of the advantages that comes with having proper health insurance is that it can provide you with access to healthcare. Those that have a proper health insurance policy are going to receive the coverage that is necessary to see a primary care physician and receive medication. It can also ensure that if you are injured or become ill, you can receive affordable care to recover.

Legal Requirement

Another reason that you need to get health insurance in South Carolina is that it is a legal requirement. Today, people are obligated by law to get health insurance for themselves and their dependents. If you do not have a proper health insurance policy, you could be penalized in the future when you go to pay your taxes at the end of the year. 

There are many situations when having health insurance is a good idea for someone in the Myrtle Beach, SC area. When you are looking for a new policy here, you should call the team at Benefit Insurance Services. Since picking a policy can be challenging and complicated, calling Benefit Insurance Services can be a great option. The team here is able to assess your situation and explain all of your options to you, which will help you make an educated decision about your next policy. 

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. 

Why should I get auto insurance in Myrtle Beach?

In the Myrtle Beach, SC area, you will have many great recreational options right at your fingertips. To ensure that you are able to enjoy as many of them as possible, you should consider getting a vehicle as it will allow you to get around town efficiently. If you are going to purchase a car here, you need to also get an auto insurance policy. There are several reasons why you should get auto insurance when you are here.

Insurance Will Protect Vehicle

One of the main reasons that you will want to have auto insurance here is that it will protect your vehicle. Drivers in the Myrtle Beach area will rely on their vehicle and the last thing that you would want to happen would be to lose your vehicle due to an accident or theft. Fortunately, if you invest in an auto insurance policy, you can receive the coverage to repair or replace your vehicle if needed.

Insurance Will Give Liability Protection

You should also consider getting an auto insurance policy because it will give you very valuable liability protection. Those that drive a car on a daily basis will consistently take on some level of liability risk. If you do cause an accident, you will want to have a full auto insurance policy as it will include liability coverage that will be very beneficial in these situations.

As you are looking for an auto insurance policy in the Myrtle Beach, SC area, it is important that you reach out to Benefit Insurance Services. If you do call Benefit Insurance Services you are going to learn a lot more about how this type of insurance can protect you and your vehicle. The team can then help you get into a policy that will offer the best coverage for your situation. 

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. 

What All New Condo Owners Need to Know About Insurance

If you’ve recently made the decision to buy a condo in Myrtle Beach, SC, congratulations are in order. A condo here often provides more amenities and sense of community than other housing options while still giving you your own personal space and property. But before you get all moved in and really enjoying your new life, it’s crucial to make sure you are protecting your investment. This is why all condo owners need a good insurance policy, and at Benefit Insurance Services, we’re here to answer all of your questions.

How is Condo Insurance Different from Homeowners Insurance?

As a condo owner, it’s important to understand the differences between your ownership and that of owning a separate house or entire building. While you may own the individual unit, you do not own the building itself that connects you to your neighbors’ condo units. There may also be common areas (both indoor and outdoor) that are open to everyone. For these reasons, condo owners must have their own insurance policies that address their unique needs. Regular homeowners insurance will not do, because it is designed for house ownership. 

What About My Condo Fees?

If you’re like most condo owners in Myrtle Beach, SC, you pay an HOA or community fee as part of your terms for living on the property. And in many cases, this fee does include some level of insurance. It’s important to understand, however, that in the vast majority of cases this insurance will not cover the interiors of your home or any of your personal property. Instead, this insurance is typically used to cover the general property, including any public areas. In fact, many condo associations and property managers require condo owners to carry their own individual insurance policies.

We invite you to reach out to our team at Benefit Insurance Services if you have more questions or would like to learn more about your condo insurance options.

What are the benefits of getting flood insurance in Myrtle Beach?

The Myrtle Beach, SC area is a community located along the Atlantic coast that provides residents with plenty of great recreational amenities. Due to this, it is a great place to purchase a home and live. If you are a real estate owner here, it is important that you get the right insurance in place. For some, this could include getting flood insurance. There are several benefits in particular that come when you get flood insurance here. 

Ensures Proper Protection of Home

One of the advantages that comes when you get flood insurance is that you will receive proper protection for your home. Your home is a very valuable and important asset that you should carefully cover with insurance. When you get flood coverage, it will ensure that any gaps in your base home insurance policy regarding flood damage are filled in. If there is a bad storm that causes flood damage, you will be protected.

Allows for Loan Compliance

You will also benefit by getting flood insurance because it will allow you to comply with your loan agreement. A flood insurance policy is often required for anyone that has a mortgage and lives in a flood zone. If FEMA has placed your home inside a flood zone, the lender will have specific insurance requirements and may require monthly payment escrows.

As you are looking for flood insurance in the Myrtle Beach, SC area, you should call Benefit Insurance Services. The team at the Benefit Insurance Services can help you to better understand the complexities and options that are available with flood insurance. They can then help you get into a plan that will provide you with the appropriate coverage. This will help to protect your home and ensure you remain in full compliance. 

What Does Renters Insurance Cover?

If you rent your home, you should really consider obtaining a renters insurance policy. It is one of the most affordable insurance policies on the market yet it provides you with plenty of coverage along with the peace of mind and a sense of security.

Many times, people think that their landlord’s insurance policy will cover not only the house, apartment, condo, or mobile home they are renting but also their personal possessions but that is simply not true. Your landlord’s policy only covers the dwelling and outbuildings on the property, not your furniture, clothing, appliances, and other items that belong to you.

While renter’s insurance is not normally required by law, you really should consider it and some landlords will require it as part of your rental or lease agreement.

What Does Renters Insurance Cover?

Renters insurance will protect your personal possessions from loss, damage, or theft and can protect you when it comes to claims of liability by others too. For example, if your friend is visiting you and is injured because a chair they were sitting in breaks and they fall, your landlord’s insurance will not cover their medical expenses, time off work, and other expenses but if you have a renter’s insurance policy, that coverage will pay those bills and prevent you from being forced to do so.

Another example of when renter’s insurance will come in handy is if the house or apartment you are renting catches on fire and your furniture, clothing, and appliances are destroyed. While the dwelling itself will be covered under your landlord’s insurance policy, your items will only be replaced if you have renter’s insurance or have the cash to purchase them yourself.

How To Obtain a Policy

You can enlist the assistance of a trusted insurance agent to create a renters insurance policy that is tailored to your needs. The agents at Benefit Insurance Services in Myrtle Beach, SC are prepared to help you create the renter’s insurance policy to give you and your belongings the coverage you deserve. Call for an appointment today!

Paying More for Health Insurance Doesn’t Guarantee You the Best Coverage

Many people may think that just because they are paying more for health insurance that they have the best coverage. However, this is not necessarily true. According to Thirdway.org, there are three huge problems even with the Affordable Care Act (ACA) laying the groundwork for universal coverage and cost caps. Furthermore, a plethora of people are paying higher costs for health insurance, yet they are still required to pay stifling prices sometimes even though our society has the ACA. With all this said, the following are the three huge problems regarding health insurance in our society, according to Thirdway.org: 

1. 41 million Americans have a barrier to care and financial risks due to high deductibles for inadequate coverage. 

2. Due to specific gaps in state and federal policy, 29 million Americans don’t have coverage. 

3. As incentives, everyone pays too much money to influence manufacturers and health care providers to raise costs instead of raising value. 

The bottom line is this: The more you pay on health insurance doesn’t necessarily equates to the more quality care you will obtain. In fact, our society spends a lot more on average for each individual than any other developed country yet has a worse performance through a broad range of measures, including access to care and health results.

Don’t let this situation happen to you. And if you are already in this dilemma, it’s not too late to make the right choice. It will behoove you to contact reliable, trustworthy, insured, certified, and experienced professional insurance professionals to assist you. If you in South Carolina, Benefit Insurance Services is the way to go.

Located in Myrtle Beach, SC, Benefit Insurance Services has been serving Myrtle Beach SC and surrounding areas for several years. Our company is an independent insurance agency, and it is family-owned and operated. We are well-known for their exceptional services, and they can steer you in the right direction. So, contact us today!