An Independent Agent is not locked into one company. An Independent Agent represents as many companies as necessary to bring the best in coverage and pricing to the client. Agents who work for State Farm, Allstate, or Nationwide work for and represent that company — not you.
Rates differ not only from state to state, but also from county to county. If you are buying coastal property, you are dealing with increased wind exposure and the cost of reinsurance, which drives premiums higher.
You need to provide as much data as possible. A completed application including previous insurance history and verifiable loss information is required. For homeowners, we'll need property details, construction type, and year built. For auto, we'll need vehicle details and driver information.
No business can afford to be unprepared for a lawsuit. Liability insurance protects your business assets when sued for something that contributed to injury or property damage. Coverage extends to attorneys' fees and defense costs — whether the lawsuit is valid or not. The standard business owner's policy provides liability coverage, as does a separate commercial general liability (CGL) policy.
Every business has property, and your business is your source of income. You need protection from potential loss of that income. Property insurance covers damage or loss of assets; liability insurance covers claims of damages caused by you or your operations.
Yes. In South Carolina, if you have 4 or more employees you must carry workers' compensation. However, you are responsible for damages even if you have only 1 employee. Workers' comp protects both the employee and offers the business owner immunity from lawsuit by an injured employee.
Homeowners insurance typically covers: fire or lightning, windstorm or hail, explosions, riot or civil commotion, aircraft, vehicles, smoke, theft or vandalism, falling objects, weight of ice/snow/sleet, and freezing of plumbing or HVAC systems. Many "open perils" policies cover damage by almost everything unless specifically excluded.
Wind damage from hurricanes and tornados is generally included. However, flood and earthquake damage are NOT covered by a standard policy. If your home is in a flood-prone area, you are 26 times more likely to suffer a flood loss than a loss from fire.
Common exclusions include neglect, intentional loss, earth movement, power failure, and war. An important exclusion is the Ordinance or Law exclusion — if current building codes require more expensive materials when rebuilding after a loss, that difference may not be covered without a specific endorsement.
Probably not. Most homeowners policies do not cover flood losses. Check your policy under the Exclusions section — it would be listed under "water damage." Flood insurance is available through the NFIP or private carriers and can be purchased through PC&L.
Yes. A lender has the right to require a borrower to protect the lender's interest in the collateral. A collateralized loan agreement typically includes a provision requiring the borrower to maintain comprehensive and collision coverage.
The company is obligated to pay claims for which their insured is legally liable. The fact that the insured did not report the accident appears to be irrelevant, as long as sufficient documentation substantiating the claim can be provided to the company.