One hard lesson that many business owners learn is that commercial policies have coverage limits. This means that once a policy coverage level is reached, coverage is exhausted and liability falls to the policy owner. Fortunately, commercial umbrella policies are available to commercial policyholders whose primary policy is exhausted. Jim Boyce Insurance is here to provide the guidance and information necessary for Matthews, NC area business owners to determine if an umbrella policy is right for them.
Benefits of a Commercial Umbrella Policy
Liability insurance can make the difference between easily recovering from a catastrophic, covered event and failure. Too many businesses suffer from frivolous lawsuits or employee-driven issues that can quickly deplete their primary or basic commercial coverage. Those that have umbrella coverage are able to rest assured that if their primary policy is exhausted their hard work and business will remain protected.
In today’s litigious environment, there are often unfair and unscrupulous lawsuits that can all but destroy a business. Whatever your industry, knowing that your firm will be protected to a higher level than a basic policy provides can offer peace of mind. When you know that you have the insurance protection that you need, you are able to fully focus on the important work of your business.
Commercial coverage needs to be robust and comprehensive in order to provide adequate protection for many situations. Now is an ideal time to find out the umbrella policy options that are available to NC businesses.
Find out more about the benefits of umbrella insurance today
If you are a business owner serving the greater Matthews, NC community, call Jim Boyce Insurance today and schedule a consultation. We can work with you to help you choose a robust insurance portfolio that covers your protection needs.
People that are in the Matthews, NC area could be better off renting instead of buying in some cases. Those that rent will have more flexibility on an annual basis and will not have the same responsibilities as a property owner. Along with renting, you also need to get proper insurance. There are a few reasons that you should get a renters insurance plan when moving into a new home.
Insurance Protects Personal Assets
A reason that you should get a renters insurance plan is that it can protect your personal assets. When you move into a new rental property, you are going to bring your furniture, electronics, and other assets that you will have invested a lot to acquire. If you do not have coverage and are a victim of theft, fire damage or another form of loss, you will not have coverage for these. With renters insurance, you can have coverage to replace these items.
Insurance is Often Required
You will also want to get renters insurance as it could be a lease requirement. Many landlords require all tenants to get renters insurance. This coverage can help to provide liability protection for the tenant, which can ultimately protect the landlord as well. Usually, you will need to provide evidence of your coverage before moving into your new home.
Anyone that wants to rent a home in the Matthews, NC area should spend time assessing their insurance needs. For those that are going to get coverage here, speaking with the team at Jim Boyce Insurance is a good option. The insurance professionals with Jim Boyce Insurance can help you assess your needs and build a plan that will provide the right coverage to ensure your assets are protected and you are in lease compliance.
For over 20 years, Jim Boyce Insurance has proudly served the Matthews, NC community. We strive to ensure that our clients find the policies they need to protect their assets. As an independent agency, we have established partnerships with multiple carriers around the country.
The Benefits Of Classic Car Insurance
Your classic car is one of your most valuable possessions. In order to protect your investment, explore the benefits of classic car insurance. Classic car insurance helps you maintain the value of one of your most prized possessions. The state of North Carolina is known for its love of classic cars. Classic car insurance protects you as you travel to car shows in Matthews, NC and on other special occasions. In order for your vehicle to maintain its classic status, it’s important that you only drive it selectively. You should not use it as your everyday method of transportation. Your classic car policy will likely include a mileage limit that outlines the number of miles that you are allowed to put on your vehicle during the calendar year.
Classic car insurance does cover your vehicle in the unfortunate event that you are involved in a collision or if someone vandalizes your vehicle. Liability coverage protects you if you are involved in an accident and you cause someone to get injured or you cause damages to someone’s property. Storage coverage is important. As your classic car is such a valuable asset, you should store it somewhere safe and secure.
However, accidents can happen at any time. The policy covers your vehicle if the storage unit is damaged due to a fire or another type of natural disaster. This should give you peace of mind that you’ll be protected regardless if something unexpected happens.
Jim Boyce Insurance Will Help You Protect Your Asset
Visit our website today to learn more information on classic car insurance.
Let’s be honest – life insurance isn’t that exciting to most people and when you consider that you also have to face the thought of your own death it becomes even less of a priority. With a higher number of millennials facing student loan debt in numbers that have never been seen before, it becomes even more important for that generation to protect their loved ones from financial ruin by purchasing life insurance. Having life insurance becomes even more important when you are married because it is likely that your financial obligations have increased, but even if you are single someone is still responsible for paying off any of your debts at your passing which could leave a loved one vulnerable to financial distress.
Put simply, life insurance offers a tax-free payment to the beneficiary if the insured dies while the policy is effective. While the beneficiaries can use the money however they want, the payout is intended to be used for paying debt, replacing the insured person’s income, funeral expenses, and providing the recipient with enough money that they can withstand the loss of their loved one’s income. When deciding how much life insurance to purchase, it is important to consider whether you are the primary income earner in the household, what debt you have including mortgage or student loans, and what you are trying to save for in the future like a college fund for your kids.
Once that’s done, you can choose between term life and whole life insurance. Term life, as the name implies, only provides coverage for a certain number of years while whole life is in force so long as the policy is current. At Jim Boyce Insurance in Matthews, NC we can help you navigate your life insurance options and help you find the perfect policy for your needs.
Owning a small business comes with risks, it is unavoidable. How you prepare and plan for these risks determines how well your business survives them. Commercial insurance is many different lines of coverage. Not every one of them is right for your small business but some of them will be. Talking to an independent insurance agent who you trust can go a long way toward making sure you have the right coverage. For those who live in Matthews, NC, Jim Boyce Insurance is the place to go.
Commercial property insurance
Commercial property insurance covers the place where you do business whether you own or lease the building. It covers your fixtures, the machinery you have, the office equipment, and furniture. It covers everything that you use as part of your business and may cover some personal items if they are on the premises when the peril occurs. It also protects your records.
Commercial auto insurance
If your business owns even one vehicle you need to insure it with a commercial auto policy, that is the law in North Carolina. It is also just good business to keep your personal life and your business life separate.
If you have three or more employees, either full time or part-time, the law in the state of North Carolina requires that you provide workers’ compensation insurance. Protecting your employees is always good for your business.
Commercial liability insurance
Bad things happen and people sue. Small businesses are vulnerable to legal suits for a variety of reasons. It can be an injury someone receives at your business or by using one of your products or services.
Commercial insurance helps to protect your small business from all the perils that life can throw at it. Having the right lines of coverage is important. If you are in Matthews, NC, Jim Boyce Insurance has a knowledgeable team to help. Stop in at our office or give us a call for a no-hassle quote.
Consumers in North Carolina often wonder why they really need to have home insurance coverage. At Jim Boyce Insurance in Matthews, NC, we offer home insurance policies that give property owners numerous key advantages.
The following are three reasons why you need home insurance in North Carolina.
Mortgage lenders in North Carolina require home insurance.
Perhaps the number one reason why you need home insurance in North Carolina is that your mortgage lender will require it. If you had your home financed, you need to have it insured.
Mortgage lenders require their borrowers to have home insurance to protect their investment in the homeowner’s property. Until your mortgage loan is paid off, you’ll be expected to have an active home insurance policy.
North Carolina homes are subject to storm damage.
Weather events like lightning storms are not uncommon in the state of North Carolina. These events can cause home damage due to fire, power outages, and more. Home insurance will often cover the costs of damage caused by lightning storms.
North Carolina is also subject to damage from hurricanes and flooding. However, a standard home insurance policy usually won’t offer coverage for damage from these types of weather events. That’s why North Carolina homeowners often need to invest in flood insurance in addition to standard home insurance.
A North Carolina homeowner’s property is generally among his or her most valuable assets.
Another key reason why you need home insurance in North Carolina is that your home is so valuable. The median home value in North Carolina is $214,726. Because North Carolina homes are so valuable, it’s important for homeowners in the state to insure them.
If you need to buy a home insurance policy, we’re here to offer our assistance at Jim Boyce Insurance. Contact us at Matthews, NC to learn more about our home insurance policy offerings.
Choosing the right auto insurance policy is not the easiest task, especially if it is your first car and you have never done it before. Therefore, you need a knowledgable and qualified insurance agent you can rely on to help you determine what kind of coverage you need. Jim Boyce Insurance serving Matthews, NC has prepared the list of questions you should ask an insurance agent when choosing auto insurance:
Do I have enough liability coverage?
Liability coverage is the minimum required by the state. The best way to figure out whether it is enough for you or not is to ask your insurance agent. In some cases, the minimum coverage is more than enough, while in others additional coverage is needed.
What happens if I am involved in a car accident?
Many policyholders mistakenly believe that their vehicles will be completely repaired or replaced after a collision. However, your policy may not include collision coverage. That is why it is important to ask this question.
If my car is totaled, how much will my insurance pay me?
Make sure to discuss the following: will you receive agreed upon value or actual cash value? Agreed upon value is the full insured amount agreed upon without depreciation. The actual cash value is the amount that is equal to the replacement cost minus depreciation. It is important to know this difference and talk about it with your insurance agent.
If you are a car owner living in Matthews, NC or any other surrounding town and you are looking for a trustworthy insurance company to buy auto insurance, here is a great option for you. Jim Boyce Insurance is a reliable company that offers personalized and comprehensive service and has been serving clients since 1973. Our experienced insurance agents are ready to answer the above-mentioned questions and help you find a perfect policy. Therefore, do not hesitate to give us a call.
Having proper personal liability insurance coverage is very important for anyone in the Matthews, NC area. When you are looking to maximize your personal liability insurance coverage, a great type of insurance to get is umbrella insurance. This type of personal liability insurance coverage can give you insurance coverage on top of liability protection you receive through your other policies. There are several reasons why you may need to have this type of coverage.
You Want More Liability Coverage
One situation when you may need umbrella coverage is when you want more liability protection. If you are involved in any type of accident, it is important that you have liability protection. Even if you are at fault in an auto accident or accident that occurs at your home, your policy limit may not provide enough protection. If you have an umbrella insurance policy, you are going to receive liability coverage that is in addition to other coverage.
You Want to Be Covered for More Scenarios
It can also be a good idea to get an umbrella policy, as it can give you coverage for more scenarios. While home and auto policies cover a lot of situations and accidents, there are situations in which you could be liable for damages that are not covered. An umbrella policy will cover more situations that can result in liability risk.
Getting umbrella coverage is a good option for those in the Matthews, NC area. When looking to get an insurance policy here, you should speak with the team at Jim Boyce Insurance. When you call the insurance team at Jim Boyce Insurance, you can learn a lot more about how this type of insurance can protect you. They can then help you to build a policy that offers the right type and level of protection.
Moving to the Matthews, NC area is a popular option for many people due to the range of professional opportunities and recreational options. When you are moving here, you will have a variety of housing options. One great option to consider would be to rent your own property. If you are going to rent a property in this area of the state, you need to make sure that you get a quality renters insurance policy. There are several benefits that come when you get renters insurance.
Coverage for Liability
If you are renting your home and have a guest over, you will be taking on liability risk at all times. Due to this risk, it is important that you get proper insurance in place. when you have a renters insurance policy, it will include a provision for liability coverage. Due to this coverage, most landlords will require that you carry this insurance at all times.
Provides Coverage for Assets
While you may not own your home when you rent a property, you will still have a lot of personal assets within your home. If your home is damaged by a fire or vandalism, you could end up losing some of these assets. When you get a full renters insurance policy, you will receive the coverage that you need to repair or replace all of your personal belongings.
There are a lot of benefits that come when you get renters insurance in the Matthews, NC area. If you are shopping for insurance here, you should call the team at Jim Boyce Insurance to further discuss your needs and options. The team at Jim Boyce Insurance can help you to determine what type and level of renters insurance coverage is ideal for your situation.
Many homeowners assume that their homeowner’s insurance covers flood damage. However, the truth is that most homeowner’s insurance policies do not cover damage caused by floods. In most cases, flood insurance is a separate insurance policy that must be purchased. At Jim Boyce Insurance, serving Matthews, NC, we love to take the opportunity to inform our clients and future clients on topics such as these. Keep reading to find out 3 things you need to know before purchasing flood insurance.
Understand Your Risks
The reason that flood insurance is not often included in a homeowner’s policy is that the risk of flooding varies so drastically from state to state and even from region to region within a state. This makes it necessary to customize a flood insurance policy to each region’s individualized risk factors. In order to understand what type of risk you are at, you will need to speak to an insurance representative.
Only Purchase What You Need
With something as unpredictable as flooding, the temptation is to purchase more insurance than is necessary. Take your time to research your risk factors for your area. This way you can feel confident about purchasing the right amount of insurance.
Review Coverages Closely
It is very important to review the coverages of a flood insurance policy. You will want to make sure that the policy is providing coverage that is relevant to you, your home, your property, and your possessions. If the coverages you are seeing will not cover an important topic for you, be sure to discuss this with your insurance representative. In some cases, a policy can be customized to meet your needs.
If you would like to learn more about flood insurance, please contact our friendly staff today. The knowledgeable insurance representatives at Jim Boyce Insurance, serving Matthews, NC are ready to answer your questions.