Ice Damage and Boat Insurance Coverage

The folks in Hilton Head Island, SC see the same damage issue again and again as the year moves into the cold season: ice damage. Many folks don’t take their boats out, the water begins to freeze and ice then presses against and damages boat hulls. In a worst-case scenario, the ice actually causes a crack and leak in the boat which causes it to sink. More surprising, ice can move great distances at an extremely fast rate. Just watch videos of ice on the Great Lakes, and there are some amazing videos of lake ice moving on land and actually pushing homes off the foundations.

South Carolina is not an exception when it comes to cold spells and ice build up. Some really bad cold snaps can create ice in areas not typically used to it, and a boat pinched in the wrong spot against a wharf or dock can realize damage very quickly. Remember, the very aspects that make a boat buoyant on water also means it is very weak to pointed pressure on the sides. So, a boat hull can be punctured very quickly even though the same vessel can carry a lot of weight on water.

To compound the problem, not all boat insurance policies specifically address ice damage. It’s common for areas that don’t see heavy seasonal ice to drop the language from a policy. And that can create confusion later on when a claim comes in with ice-caused damage. However, after working with Premier Insurance Advisors, you can avoid this headache. The folks at Premier Insurance Advisors ask all the relevant questions for a boat owner and learn from past cases what are the most likely risks for a given South Carolina situation. Let us do the hard work and keep your boat in Hilton Head Island, SC protected.

What You Should Know about Umbrella Insurance

Umbrella insurance has much to offer in the way of liability protection. By learning more about personal umbrella coverage, you can get a better idea of how it can be of benefit to you. Here are some of the most important facts you should know about umbrella insurance coverage.

  1. Umbrella insurance isn’t “stand-alone” coverage. This means you can’t buy umbrella insurance unless you already have primary liability coverage from another source such as home, auto, condo, or boat insurance policies. You can, however, obtain a personal umbrella insurance policy from Premier Insurance Advisors in Hilton Head Island, SC on top of your primary liability insurance coverage.
  2. Umbrella insurance gives you extra liability protection above the limits of other insurance policies. If, for example, your liability limits on your auto insurance are $50,000 and you face a liability claim above this amount, your umbrella coverage will pay for the remaining costs. This saves you from having to dip into your savings or retirement funds to cover these expenses.
  3. If you’re held liable for an accident in your home, place of business or on the road and are sued for damages, umbrella insurance will help cover lawsuit and settlement costs. Umbrella coverage can protect your valuable investments as well as current and future earnings from lawsuits, so you don’t suffer financial loss.
  4. Umbrella coverage starts once the limits of your primary liability coverage are exhausted. This gives you and your family an extra layer of liability protection against unforeseen accidents or disasters that may arise.
  5. You can choose the amount of umbrella insurance protection you need to safeguard your financial future.

For more information about how you can obtain a personal umbrella insurance policy at a reasonable price, contact us at Premier Insurance Advisors in Hilton Head Island, SC.

Why You Need Separate Flood Insurance

A common misconception is that floods are covered under regular home insurance policies. This isn’t true, and you need a separate policy that will cover flood damage. Even if you don’t think you could suffer damage from a flood, there could still be reasons why it’s a good idea to get flood insurance in Hilton Head Island, SC.

The risk extends past the floodplain. Even if you don’t live in a floodplain, there could still be a risk. If you do live in a high-risk flood area, your lender may require that you have flood insurance and it must be a separate policy. It’s a common misconception that only floods can happen in a zone that is mapped. According to FEMA, more than 20% of flood claims are from properties that are outside the high-risk flood zones. Many times, homeowners think they will be covered because there are federal disaster funds available. These funds are usually low-interest loans, so you have to pay back the money over time. If you are required to have flood insurance due to your high-risk status, and you don’t have a separate policy, you could be ineligible even to receive any disaster aid.

When purchasing flood insurance, you need to remember that you can’t wait until the weather turns bad. Flood coverage has to be in effect for a 30-day period before you can file a claim. Many find out when it’s too late that their home insurance won’t cover flood damage. There is coverage offered through the National Flood Insurance Program, and there is also private coverage available, so working with an agent at Premier Insurance Advisors to find the right amount of coverage is important.

Contact Premier Insurance Advisors, serving Hilton Head Island, SC, to get a quote for flood insurance and to learn more about your risks for flooding.

 

The Differences Between a Condo Owners Policy Vs. COA Master Policy

When you buy a condo, your purchase comes with the coverage of a master insurance policy provided by the condo owner’s association (COA). You will still need your own condo insurance to protect your belongings and the inside of your unit. Premier Insurance Advisors in Hilton Head Island, SC offers condo insurance to those all around the state. It is important to educate yourself on the subject and secure a policy as soon as possible. Here’s why:

The COA master policy covers the construction of the building. Items include its roofs, the public grounds, and common areas, like the swimming pool, the bare walls, and the original fixtures of the building. Master policies fall into two categories: walls-in or walls-out.

  • Walls-in covers the buildings’ construction elements – elevators, floors, roof, and walls, plus the appliances, cabinets, carpet, wall coverings.
  • Walls-out covers the buildings’ construction elements – elevators, floors, roof, and walls.

Neither policy type covers the condo owner’s belongings. That’s where a personal condo policy comes into play. It covers changes the condo owner makes to the interior, like a built-in bookcase and their belongings. It also covers appliances and interior repairs.

Similar to a homeowners’ policy, it also provides personal liability coverage. This protects you if a visitor to your condo becomes injured. They could sue you for the harm that befell them falling down your stairs, for example. The liability portion of the policy protects the policyholder by paying the medical costs and any court-ordered settlement up to the policy limit.

Every policy differs but, generally, a condo unit (personal) policy covers the individual’s personal property and condo upgrades from damage or loss from the following:

  • accidental discharge or overflow of water from pipes/plumbing
  • an accidental eruption of hot water heating system
  • aircraft damage (crashing into the building)
  • artificially generated electrical current
  • explosion
  • falling objects
  • fire or lightning
  • freezing weather effects
  • riot or civil commotion
  • smoke damage
  • theft
  • the weight of ice, snow, or sleet
  • windstorm or hail
  • vandalism or malicious mischief
  • vehicle damage

Contact Premier Insurance Advisors of Hilton Head Island, SC to learn more about personal, also known as unit, condo insurance. Let us help you determine your needs and appropriately cover your items.

3 Uncommon Reasons You Need Auto Insurance

No matter what type of vehicle you may have, auto insurance is likely mandatory. Not a good enough explanation to motivate you? The following is an overview of 3 uncommon benefits of purchasing auto insurance. 

Animal Collisions

OK, so if you live in an area foreign to those annoying "deer crossing" signs, this might not make sense to you. Either way, the ability to repair damages as the result of animal collisions is one of the top benefits of purchasing auto insurance. If you have seen the type of damage that can be done by such an animal, knowing it’s possible to secure coverage to help you recover from these fiascos should bring some serious peace of mind. 

Supplementation of Health Insurance

Moreover, if you become injured behind the wheel, it is easy to assume your health insurance will cover everything. However, this is not necessarily the case. By purchasing an auto insurance policy, you and your passengers will be covered in the event that an accident occurs. 

Maintain Good Driving Record

Lastly, no matter how good your driving record may be, driving without insurance can put a damper on your ability to drive a car legally. Indeed, no matter how good of a driver you are, getting caught on the road without insurance could not only cause your car to get impounded but it could even cause you to lose your permit or license. Therefore, be sure to purchase a premium auto insurance policy before you hit the road.

Overall, for those residing in Hilton Head Island, SC, Premier Insurance Advisors in an excellent option. Offering outstanding customer service, competitive rates, and much more, visit the Hilton Head Island, SC office, email, or call Premier Insurance Advisors asap to find out how you can start your policy today. 

 

Do You Need Commercial Insurance For Your Barber Shop?

Are you wondering whether or not your barbershop in Hilton Head Island, SC needs commercial insurance? Barbershops, just like all businesses, need commercial insurance. The following are some of the reasons why:

A Customer may Slip And Fall

Accidents cannot be completely avoided. There is always a chance of a customer getting hurt in your barbershop. General liability insurance covers you in such instances. It pays for medical fees and repair or replacement of damaged property.

You May Be Sued For Professional Negligence

You may accidentally use chemicals that are too harsh on skin or tools that are too sharp. If you do, customers may sue you. Professional liability insurance helps take care of negligence claims.

Your Equipment May Get Damaged Or Lost

You may not be able to go about with business if your equipment gets damaged. Equipment could be damaged by fire or floods. Business equipment insurance covers you against loss or damage of your business equipment

An Employee May Get Injured At Work

The job at your barbershop may take its toll on your employees. The sharp tools, such as razors, can injure your employees. As an employer, you will be obligated to get treatment for them. Workers compensation insurance offers you financial protection in the event of injury or illness of an employee. It also pays for legal charges in case of lawsuits.

Your Business Buildings May Be Damaged

Business buildings insurance covers you in case of damage to your barbershop as a result of covered perils such as fires and vandalism.

Premier Insurance Advisors in Hilton Head Island, SC writes quotes for commercial coverage and other areas of insurance. Premier Insurance Advisors is ready to work with you to build a policy and protect your business. Visit our offices to discuss a new quote or contact us at 843-689-5300.

A Safe Home Is Secured With Home Insurance

Home insurance is no longer a luxury but a necessity. Most mortgage institutions will not finance you unless you provide proof of coverage. Hilton Head Island, SC is known for its prestigious sporting events in the United States. It is also a destination for many people. The serene environment makes it ideal for homeownership which is why Premier Insurance Advisors proudly serves its residents.  

Building Structure 
Home insurance secures a home in many ways. Firstly, your home structure is susceptible to dangers from flood and vandalism. With a cover, you are assured that in the event of damages, you will be compensated. Moreover, other structures attached to your homes such as a garage and fence may also be included in the coverage.

Personal Items protection
A home is incomplete without furniture, electronics, HVAC, and private properties. Some of these items are not only expensive but also valuable. In case of fire or theft, it may take us a while to get back on our feet. With a home coverage, you are assured of compensation. Every item included in the coverage will be replaced.

Lawsuits and Medical Costs
When friends and relatives visit you, the excitement might be overwhelming. During this time, if an accident occurs, liability home insurance covers medical costs. Also, if your child accidentally breaks glass window of a neighbor, you may be sued and held liable. With a coverage, you don’t have to worry; both the legal fees and the amount awarded in court will be catered for.

Unexpected Additional living expenses  
Finally, let us be frank with each other. In case of fire, vandalism, or a break in, you may not be able to stay in your home for a few days. You may need to find a place to stay such as in a hotel. The unexpected living expenses increase, but if your home is covered, you will not be stressed out. 

For Hilton Head Island, SC residents, please get in touch with Premier Insurance Advisors for coverage. You can also use our online rating tool to obtain a quote for a home insurance policy.