Can Maintenance Records Lower My Insurance Premiums?

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.

 

How can I get a discount on my car insurance?

Nobody likes paying car insurance, and everybody likes saving money. It’s great to find out you can save money doing something you don’t really like. South Carolina only requires minimal amounts of liability coverage:

  • $25,000 for bodily injury or death per person
  • $50,000 for bodily injury or death overall
  • $25,000 for property damage.

You also need corresponding amounts of uninsured motorist coverage, in case you are in an accident with someone who doesn’t carry their own automobile insurance. Everyone driving in Myrtle Beach, SC, even visitors, is required to be insured. So you need the insurance, and Benefit Insurance Services can help you look for discounts that apply to you.

Multi-Car Discount

Insuring all your vehicles through the same company can earn you a discount.

Homeowner or Multi-Policy Discount

Many insurance companies will give you a better deal if they can get all your business. You may be able to combine other policies, like renters insurance, too.

Defensive Driver Discount

There is a special class recognized by the Department of Motor Vehicles which can get you a discount for up to 36 months after you take it.

Antitheft 

You might be able to get a reduction on your premium if you install special equipment which makes it harder to steal your vehicle.

Bill Plan Discount

Some companies offer a discount for paying by the year, or at least 6 months at a time, instead of monthly.

For Young Drivers: Good Grades or Driver Training

You can get rewarded for hard work or for taking a driver training course.

And More

If you drive in Myrtle Beach, SC, you might as well try to save some money. Call Benefit Insurance Services and we can compare rates and help you find discounts for your auto insurance.

How Is Motorcycle Insurance Different Than Auto Insurance?

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. 

Do You Really Need Condo Insurance?

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.

 

When can You File a Claim on Flood Insurance?

Even if you weren’t required by your mortgage company to purchase flood insurance for your Myrtle Beach, SC home, at Benefit Insurance Services we want to remind you of all the instances where it could protect your most valuable investment.

Hurricanes and Rainstorms

In our coastal neighborhood, the most obvious cause for flooding is the occasional hurricane and its accompanying torrential rainfall.  Even if you live miles from the ocean, small streams and gullies can overflow right into your basement. Flood insurance will help you repair the damage done to your home and get your heat and air conditioning working again.

Tidal Surge and Spring Flooding

Even if the hurricane is out to sea, we can experience a significant tidal surge. One minute you are high and dry and the next a surge of salty ocean water is flooding your garage, yard, and home. Rivers can also reach flood stage without Myrtle Beach, SC ever seeing a drop of rain. Your flood insurance will come into play in these circumstances. 

Water Main Breaks and Swimming Pool Collapse

Maybe your neighborhood is built far away from any body of water. But there are still water mains under the road–maybe in front of your home. Do you own a swimming pool?  When these types of structures fail, water appears where it has never been before. Your flood insurance will help you recover from such catastrophic damage.

What It Won’t Do

If your roof develops a leak, flood insurance will not help to repair water damage. It also does not protect you from a dishwasher or washing machine leak. The water must come from a source outside of your home.

Even if your home has avoided flood damage in the past, there is no guarantee you won’t see floods in the future. Give us a call at Benefit Insurance Services and ask how flood insurance can help to complete your home protection plan.

 

Why Should You Purchase Renters Insurance

If you rent a home in South Carolina, you need to buy renters insurance to protect your property. Get the help of reliable insurance agencies such as Benefit Insurance Services. They will make our insurance shopping experience easier. The agents will help you find the most appropriate one depending on your needs. The following are some of the reasons you should purchase renters insurance.

Theft

Renters insurance protects your property from theft. If you have a valuable property such as electronics, furniture, jewelry, or pieces of art, it is a good idea to purchase sufficient renters insurance. Renters insurance will compensate you for the cost of replacing your property in Myrtle Beach, SC.

Liability Coverage

Renters insurance may protect you from liability claims. If, for example, your visitors get injured in your apartment, their medical costs may be high. Renters insurance may help you to pay for the costs of their medical bills. It may also compensate you if people lose or damage their property in your apartment under circumstances that may be considered your fault.

Water Damage

If you have plumbing problems and a pipe bursts while you are not home, the water may damage our valuable property. The cost of repairing your damaged property may be high. Your landlord’s insurance may cover the structures of your apartment but it does not cover damage to your property. Renters insurance compensates you for the cost of replacing or repairing your property.

Smoke Damage

If there is a fire close to your apartment, the smoke may damage your property. It may damage your clothes and other valuable property. Renters insurance may compensate you for the cost of repairing the property. It may also compensate you for the additional costs of living when your home is under repair.

Contact Benefit Insurance Services for your renter’s insurance needs in Myrtle Beach, SC.

Don’t Get South Carolina Health Insurance Without Reading This

Private Health Insurance Options in South Carolina

Benefit Insurance Services serving Myrtle Beach, SC offers health insurance from South Carolina providers that have insurance products for individuals and families. Contact us to compare the wide variety of plans. Together we’ll find on that is right for you and your family.

Who Should Buy an Individual or Family Health Plan in South Carolina?

If you are self-employed or your employer doesn’t offer health insurance or a group plan, or if you are enrolled in a group plan but it doesn’t cover the rest of your family, then you should be in the market for an individual or family plan. Also, if your current plan is too expensive or the benefits have changed for the worse, we can help you find health insurance that fits your needs.

If you are married or have a domestic partner, with or without children, we can probably save you money or expand your health insurance coverage affordably.

One provision that South Carolina health insurance offers is the use of a lower base age for a family plan. Health insurance rates are based on the age of the youngest adult in a household. For couples with children, a family plan is almost always the way to go in terms of cost and coverage. Couples without children and with an age difference can save money by purchasing a family plan rather than two individual ones. Couples close in ages may save money by getting individual plans. Contact Benefit Insurance Services serving Myrtle Beach, SC. We can show you how to save money on your health insurance, and possibly get you better coverage too. We’re here to make sure you have the health insurance you need.

 

The Best Practices for Choosing Whole Life Insurance

Whole life insurance is the best protection that you can get for your spouse and children in the case of an unexpected death. Also known as "permanent life insurance," it can also be used as an investment in certain cases.

Choosing between the many different forms of whole life insurance can be difficult. Let’s take a look at some of the characteristics that you should consider when you are looking at whole life insurance.

  • Providing immediate estate – Any whole life insurance policy that you choose should immediately provide income for family members that are dependent after the death of the head of household.
  • Liquidation of all debts – Good whole life insurance policies also cover things such as mortgages. They also help to liquidate both business and consumer debts so that the surviving members of the family do not have to worry about debts that they did not personally incur.
  • Additional benefits – Certain whole life insurance policies will also help with college expenses or other educational or business needs.
  • Funeral costs – You should look for a whole life insurance policy that covers all funeral expenses and inheritance taxes as well as federal estate taxes and administration costs that have to do with death.
  • Key employee clause – Whole life insurance policies can also be used to protect businesses. For instance, a business can be indemnified through this kind of a policy if it loses a key employee. These kinds of clauses can also provide for salary continuation plans and the financing of company obligations.

Benefit Insurance Services provide whole life insurance for the people in and around Myrtle Beach, SC and the surrounding areas. When you are ready to protect your loved ones with a permanent life insurance policy that covers all benefit angles, give the dedicated experts at Benefit Insurance Services a call.

5 Types of Commercial Insurance

Business owners find themselves in a dilemma when it comes to choosing a commercial for the business. Many will go for the basic liability insurance and forget that there are several other policies available.  If you live in Myrtle Beach, SC, visit Benefit Insurance Services to get a commercial insurance. The following 5 types of commercial insurance are also available.

1. Overhead insurance

This a very important commercial insurance policy. Overhead insurance covers things like salaries, taxes, utilities and rent in the event that the owner is unavailable due to sickness or any other reason. As a result, the business owner will have the peace of mind that the business will not crumble when they are absent.

2. Business interruption insurance

This is another very important policy. It helps the business to recover losses in case the business was interrupted for a period of time maybe due to fire or theft. This insurance will ensure that the business is running again and the owner does not have to worry about the losses incurred.

3. Workers compensation insurance

Many businesses employ workers to efficiently run the business. However small the number of workers is, a compensation insurance should be a priority. This will help protect the workers earnings in case they are injured while doing their job. It is also important to note that even if the job has the owner as the employee, they should get this policy to help safeguard the savings of the business.

4. Property insurance

The property insurance is acquired to help protect your property in case of damage. The property may range from furniture, building and inventory. The damaged property will be replaced at no cost. This is also recommended for business owners.

5. Automobile insurance

Commercial automobile insurance will cover the vehicles, trucks and vans used by your business. The policy will help repair the vehicles in case they are damaged in case of accidents. If the driver also injures a property or person, this will also be covered. Myrtle Beach, SC can visit Benefit Insurance Services to get a commercial insurance.

 

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.