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Author: agentinsure

What Are The Different Types Of Auto Insurance?

Posted on by agentinsure

There are five major types of auto insurance in the United States: liability, collision, comprehensive, non-standard, and UBAA. 

If you are buying a new car, ensure the dealer is aware of your state’s requirements and get adequate coverage. For questions in Spartanburg, SC, consult Allsurance Group. 

What Else to Know 

In the United States, there’re mainly comprehensive and liability. Most people buy comprehensive coverage, as it’s required by law to cover damage to others and their property. 

However, liability insurance can also help protect you against lawsuits if you’re in an accident. What you purchase depends on your needs and the risks you face. To find the type that is right for you, talk to your agent about the different types of coverage and how they work. 

There are also policies that cover your car’s parking and wind/riding/snow/hail. If you have a car with a high value, you can purchase a “luxury” policy that offers more coverage for a higher price. 

  • Liability: It insures if you injure a person or someone’s damage. The coverage amount is typically between $100,000 and $300,000 per incident. 
  • Collision: It caters to repairs after an accident with another vehicle. The deductible is usually between $100 and $1,000. This means you have to pay out of pocket for some expenses before your insurance starts paying for repairs. 
  • Comprehensive: This type of coverage helps pay for damages to your car from non-collision incidents like theft or vandalism. It also covers weather-related damages like hail or flooding up to a certain amount per incident. 
  • Rental Reimbursement: If you end up having to rent a car after an accident, this coverage will cover the cost of renting one while yours is being repaired. It can also cover fuel costs if your vehicle needs to be towed back to your home or business because it’s not drivable due to damages that aren’t covered by other insurance policies

Summary 

You can purchase other kinds of coverage such as anti-theft. The most important thing is to research the different types of insurance and find one that best fits your needs. For help in Spartanburg, SC, visit Allsurance Group.

Do You Need Both Home Insurance and Flood Insurance?

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Most people only have one type of insurance – home insurance. But what if your home is located in a flood zone or an area that has flooded before? You may need to purchase flood insurance as well. Allsurance Group in Spartanburg, SC provides you a look at the difference between home and flood insurance and when you might need to buy both.

Home Insurance vs Flood Insurance

Home insurance typically covers damage from fire, wind, hail, vandalism, and theft. Flood insurance, on the other hand, covers damage from water that has inundated your home. This can happen due to heavy rains, melting snow, flash flooding, levee failure, or dam failure. However, you need to read the fine print on your flood insurance policy to see what exactly is covered, as some policies exclude certain types of damage, e.g., sewer backup damage not caused by flooding.

If you live in a Special Flood Hazard Area (SFHA) as designated by the Federal Emergency Management Agency (FEMA), your mortgage lender will require you to purchase flood insurance. However, even if you don’t live in a high-risk area, it may still be a good idea to have this additional coverage. For example, if your home has experienced flooding in the past or is located near a body of water that could overflow during heavy rains, you may want to consider purchasing flood insurance.

By buying home insurance and flood insurance, you can rest assured that your home and its contents are protected from various natural disasters and accidents. However, it’s important to remember that these two types of insurance have different coverage limits and exclusions, so make sure you understand what each policy covers before making a purchase.

If you’re not sure whether you need home insurance, flood insurance, or both, Allsurance Group in Spartanburg, SC can help. We’ll look at your specific situation and help you determine the best type of coverage for your needs. Give us a call today to get started.

 

4 Common Types of Commercial Insurance?

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Commercial insurance is a type of insurance businesses can purchase to protect themselves from financial losses. There are four common types of commercial insurance: property, liability, automobile, and workers’ compensation. Each type of insurance protects the business differently. Let’s take a closer look at each one.

1. Property Insurance

Property insurance protects businesses from financial losses due to property damage. This can include the building itself and any equipment or inventory inside the building. Property insurance covers losses due to fires, storms, theft, and vandalism.

2. Liability Insurance

Liability insurance protects businesses from financial losses due to lawsuits. If a customer is injured on the business premises, or if the business’s products or services cause damage, the business may be sued. Liability insurance can help cover the cost of legal fees and any settlements that may be awarded.

3. Automobile Insurance

Automobile insurance protects businesses from financial losses due to accidents. If the company owns any vehicles, such as cars, trucks, or vans, they must be insured. Automobile insurance can help cover the cost of repairs and any medical bills that the injured parties may incur.

4. Workers’ Compensation Insurance

Workers’ compensation insurance protects businesses from financial losses due to employee injuries. This type of insurance can help cover the cost of medical bills and any lost wages that the employee may incur. Workers’ compensation insurance is required in most states.

Get Commercial Insurance in Spartanburg, SC 

These are just a few of the most common types of commercial insurance. Businesses can purchase many other types of insurance, depending on their needs. The best way to determine what type of insurance is right for your business is to speak with an experienced insurance agent from Allsurance Group. We can help you assess your risks and choose the right coverage for your business. Give us a call today to get started.

 

If You are in a Car Accident, What Would You Do?

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Being in a car accident could make you worry about what to do because it is not always known how to manage to call the police, for example, and even get information from witnesses. You may think the accident should stay put, too, however, you should move the vehicles so that they are not in the traffic area. Driving safe will help you get your best rate from the Allsurance Group in Spartanburg, SC, however, if you are struck by a different vehicle or there is some problem that caused your accident, you may need to learn or review any steps for managing these ambiguities during your car accident. 

In South Carolina, you could call the police for any accident or just one with major damage and an injury or even a severe problem like death from the accident. If you decide to manage this yourself, there is a form, a Traffic Collision Report, that you would need to complete and send by mail to the address on the form within 15 days of the accident. You could do this instead of waiting for the law enforcement employee to get there if this is a small collision and is easy to manage. If there are witnesses, you get their information, like their contact details, so that your insurance company could contact them, too.

Be certain you are safe, most of all, and move your vehicle right away, if possible, away from the traffic, and remember to call the emergency number 911 if you need assistance from the police and if there is an injury, the ambulance. Your Allsurance Group in Spartanburg, SC would help you with managing this problem. You would contact them to get your claim information, too.

Types of Auto Insurance

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If you are a vehicle owner, you will need auto insurance to protect you from liability and loss. The Allsurance Group serving Spartanburg, SC, wants you to know more about the three types of auto insurance that you are required to have as an automobile owner in SC.

Bodily Injury Liability Insurance

This state-required insurance provides financial cover if you should cause someone bodily injury or harm due to the accident where you are at fault. This policy should cover or contribute towards medical expenses, verifiable loss of income, and pain and suffering. Medical bills are often high and may exceed the state-required cover. It is important to review the limits of your policy and adjust them if necessary.

Property Damage Liability Insurance

This state-required insurance provides financial cover if you cause damage to another vehicle in an accident or collision for which you are liable. The good news is that it may also cover damage to other physical property such as walls, fences, and equipment.

Uninsured Motorist Coverage

This state-required insurance is for your protection. It provides financial cover if the other motorist in a collision or accident is at fault and does not have insurance. It contributes towards expenses related to your bodily injuries or property damage. Uninsured motorist coverage also provides cover in the event of a hit and run driver. This insurance usually carries a deductible.

SC is a tort state and assigns blame to the driver at fault. Therefore, it is vital that you review your auto insurance and, particularly, your liability insurance to make sure that it is adequate.

Take action!

For peace of mind, review your mandatory auto insurance policies by speaking to the friendly folks at the Allsurance Group serving Spartanburg, SC today!

Should you always get home insurance in Spartanburg?

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One important decision that many people will make will come when they decide to purchase a home. If you are in the  Spartanburg SC area, owning a property can be a great long-term investment. As home purchase is such an important purchase and investment, it is very important that you protect it as well as you can. A great way that this can be done is by getting home insurance. There are various reasons why you should get a home insurance plan when buying a home.

Coverage Needed to Protect Assets

An important reason to always have home insurance is that you can protect your assets with the right plan. Those that do get a home insurance plan will have coverage that can protect their dwelling and personal assets. If you are a victim of a fire, bad weather damage, or damage, you will have the financial support needed to either replace or repair these important assets.

Protect Against Liability Risk

You also should consider getting a home insurance plan to offset any liability risk. As a property owner, you can be responsible if an accident occurs that results in damages. As this can be a big risk, finding ways to offset it is important. With a home insurance plan, you will get a liability insurance provision that will offer support to help offset this risk if you are found responsible for damages. 

If you intend to purchase a home in Spartanburg, SC, it continues to be very important that you get insurance for it. As this is a very important choice, you should always speak with the team at the Allsurance Group before making the purchase. The team with Allsurance Group can help you build a plan that will meet your needs and cover your home. 

Auto Insurance Add-Ons to Consider

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Most drivers will only have a policy that covers liability and damage caused to them by an uninsured motorist. This minimum is necessary to keep the cars rolling, but it’s only one potential benefit of an auto insurance policy. Allsurance Group recommends considering the following as add ons to your policy to round out your coverage.

Collision Coverage

Collision coverage is an add-on that pays benefits when your vehicle is damaged by another motorist, whether or not they have their own insurance. The financial damage from an accident can easily be more than the value of the other motorist’s coverage, leaving you unable to pay the repair bills. You can add on collision coverage based on your vehicle’s value to keep that from happening.

Comprehension Coverage

Comprehensive coverage is similar to collision coverage, but it expands the covered perils to a wider range of causes. Your car typically isn’t covered in a homeowners’ insurance policy, so damage to it from a fire or storm won’t be covered by it or a collision coverage policy, and natural events don’t carry liability insurance. With this add-on, nearly any form of damage to your vehicle won’t be solely your responsibility to fix.

Medical Payment Coverage

Medical payment coverage, referred to as personal injury protection (PIP) for Spartanburg SC consumers, covers the cost of medical bills for yourself or your passengers in case of an accident. Injuries from an accident can exceed your healthcare insurance without this.

Ask about Your Options

You won’t know which options are available or how much you’ll benefit from them until you talk with an agent who can go over the details of your situation. Residents of Spartanburg, SC can message or call us at Allsurance Group for assistance tailored to South Carolina law.

Let’s Talk about Home Insurance

Posted on by agentinsure

Home insurance; while most people have an idea of what home insurance is and why they need it, they might not realize that their insurance isn’t currently covering them properly, or maybe they don’t even know they need one. We would always recommend you review your home insurance regularly. So let’s discuss home insurance. We listed some handy tips below.

If you want to revise your home insurance, or maybe you don’t have home insurance yet and you need one, Allsurance Group at Spartanburg, SC will help you with this. We can quote you from different providers and advise you on each of them so that you can be confident that you’re in good hands.

The Renter and Home Insurance

If you don’t own your home, you might not realize that you need insurance for your property. To some extent, this is true, because your landlord should have home insurance for things such as damage from natural disasters. But did you know you could potentially still be liable if you or your guest damages the property? You might also want to go look at a type of home insurance that insures your valuables, as this is most likely not included on your landlord’s insurance.

The Homeowner and Home Insurance

Homeowners can’t get around home insurance. You could be out of many costs if you don’t properly insure your home. Even if you have home insurance now, you might want to get your current home insurance renewed to ensure you’re insured for all probabilities and you’re never out in the cold.

You can request your quotes by calling Allsurance Group Spartanburg, SC or request a quote on the website. 

Is Commercial Insurance A Must in South Carolina?

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Sometimes it is daunting and complicating to operate a small business entity in Spartanburg, SC. Nonetheless, acquiring salient commercial insurance from Allsurance Group agents will ease the operation of your business and protect against losses emanating from scenarios like damage to property or injury to employees. Commercial insurance is tailored to help businesses stay protected against imminent perils that may compromise their success. Depending on the versatile commercial coverage, it can be specifically designed to safeguard the reputation, wellbeing and financial status of a business and employees working for your business.

Is commercial insurance a must in South Carolina?

Commercial insurance is not legally required by law in South Carolina. However, South Carolina advocates businesses possessing four or more workers, seasonal or full-time, to carry workers’ comp insurance. This policy caters to employees’ medical bills emanating from work-related injuries or general illness. Additionally, South Carolina requires all business-owned vehicles to carry commercial auto insurance. Apart from the government-mandated coverage, a business owner in Spartanburg SC must consider other optional coverages safeguarding your business and employees. They include:

General liability coverage: It safeguards your business from claims of physical injury or property damage. It also helps you to cover claims of libel or slander.

Commercial property insurance: It shields your business’s physical structure and other assets of any given business entity, such as inventory, computers and furniture.

Data breach insurance: Several small businesses store crucial personal information for their customers. It protects your business from data breaches and cyber-attacks. In addition, it pays for clients’ legal fees, notification costs and other associated expenditures.

Professional liability insurance: It’s also referred to as Errors and Omissions insurance. It provides defense and damages for failure to or rendering professional services inappropriately. It also covers customers over blunders and missed deadlines.

Business Owners Policy(BOP): It combines property and liability coverage into one simple-to-manage policy. It is pivotal for small business entities that rent or possess commercial assets such as warehouses or office buildings.

Are you still struggling to make an informed decision about getting formidable commercial insurance in Spartanburg, SC? Please get in touch with our dedicated agents at Allsurance Group who will walk you through all the types of commercial coverages available. So call or visit us today, and you won’t regret it! 

Required Auto Insurance in South Carolina

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South Carolina has strict auto insurance laws that require every vehicle in the state to be covered by at least the minimum amounts mandated by law. However, in South Carolina, the minimum amounts of coverage that you must have are relatively low, and this can leave you vulnerable to lawsuits and other legal and financial problems. If you have no insurance at all, the state can charge you with a specific fine that is charged for every day the vehicle is not insured. To get your vehicle insured, contact us at Spartanburg, SC in Allsurance Group.

Bodily Injury Coverage

The state mandates that you have bodily injury coverage that is for anyone injured in an accident that you cause. This is called bodily injury liability, and there is a minimum amount required for a single person who becomes injured in an accident and another for everyone who suffers an injury from it. In addition, there is an amount required for one person injured in an accident with an uninsured motorist and a higher amount required for everyone who is injured. 

Property Damage Coverage

Medical bills aren’t the only bills that come after an accident. There may be property damage that is caused by your vehicle, and you are required to have coverage for this as well. There is a set amount required for your property damage liability and another amount required for property damage in an accident with an uninsured motorist. The liability coverage pays for someone else’s property damage while the uninsured motorist coverage is for your own vehicle. 

Get Your South Carolina Vehicle Covered

It certainly doesn’t pay to go without auto insurance. In fact, it can cost you quite a bit. To make sure that you have enough auto coverage, give us a call at Allsurance Group in Spartanburg, SC.