Welcome, readers! This is Abri News, where you’ll find helpful policy information to assist you in finding the best coverage for your needs. We cover a variety of topics here, including insurance plans, types of coverage, claim adjustments, conditions and clauses. Our agency aims to pair individuals with the best insurance package for their specific needs, which is why we carry every type of insurance you can imagine. From homeowners’ insurance to workers’ compensation to pet insurance—we have you covered! It’s our job to shop around, compare rates, and set you up with the level of coverage you need to feel safe and secure. Our clients enjoy our one-on-one approach and attention to detail. For testimonials, information about our services, or to request a quote, take a look around our website!
The last article featured on Abri News focused on deducting health insurance premiums from our annual taxes. For many, premiums make up a major share of their monthly expenses. With national health costs rising, more and more people are struggling to reach the necessary level of coverage. We discussed why health insurance premiums might be on the rise and who might be eligible to deduct a portion of their yearly medical expenses come tax time. Read our last article to find out who's eligible to deduct their medical expenses entirely! Of course, we want everyone to maintain the level of coverage necessary for their physical and financial well-being, which is why we took the time to make you aware of this potential deduction.
There are more types of insurance than you would think. Anything of value can be insured, in fact. With countless insurance policies floating around and a near-constant barrage of advertisements, it’s difficult to know which are truly necessary. While car insurance is mandated by state laws and workers’ compensation is similarly dictated by certain states, how do you determine which other types of insurance you should be personally investing in? Determining the necessary amount of coverage is a different art altogether and one we cover more in our article, ‘How to Judge “Good” Coverage From “Bad” Coverage: Beyond the Quote.’ But reconciling which types of insurance are worth stretching our monthly budget can be just as tricky. In today’s article, we’re breaking down the necessity of certain insurance types, including why they’re important to have and how they keep people protected. If you’re currently only investing in the bare minimum insurance types mandated by law, here’s a case for exploring further options!
The coronavirus pandemic revealed a major gap in healthcare coverage in America. When the pandemic hit, nearly 30 million Americans were uninsured and 40 million were underinsured. The underinsured portion of our population are those who have coverage but must spend over 10% of their annual income out-of-pocket or their deductible constitutes over 5% of their household income. Since many individuals were insured through employer-sponsored insurance and the pandemic resulted in massive layoffs, many lost their coverage at the exact time they needed its security. Being underinsured or uninsured when it comes to health insurance can be detrimental. High healthcare costs, when compiled, can put individuals in a long-term debt situation. Around 67% of individuals who are dealing with medical debt said the person in their household whose illness or injury incurred the debt was uninsured at the time. Medical debt, when unpaid, can lead to liens and negative impacts on one’s credit score. When paid, one-quarter of people report being unable to then pay for basic necessities, such as food, heat, and rent. Medical debt can eradicate savings, as well. According to a study done by the American Journal of Public Health in 2019, most families are only on illness away from bankruptcy.
The high deductibles of certain private healthcare plans can leave people uncertain of whether to seek medical care even when they are insured. This can lead to worsened health, unfulfilled prescriptions, and untreated illnesses. Healthcare coverage is a major necessity. While monthly premiums can be steep, there are options available for almost every income bracket. Additionally, there are certain tax credits available for those who meet eligibility standards. If your employer does not offer a health insurance program, there’s a chance your trade organization or association might. The government-run healthcare marketplace offers many plans. Agencies, such as Abri, are trained and dedicated to finding you the best plan for your income level and coverage needs. Health insurance is not a type of insurance you can comfortably opt out of, which is why finding the right plan is of the utmost importance.
Life insurance is often a priority for those who are the sole provider of their family and older individuals. According to a study done by the Life Insurance and Market Research Association (LIMRA) in 2018, ⅓ of families would be unable to pay for their day-to-day expenses in the event of their primary breadwinner’s death after one month. Life insurance acts as a safeguard for many individuals who worry about how their families will pay bills, afford child care, pay for college, and finance their funeral. For those with these concerns, life insurance is clearly a major necessity. However, those who are young and do not anticipate their demise coming anytime soon are loath to consider adding life insurance premiums onto their list of monthly expenses.
The determination for whether someone should invest in life insurance is this: Will anyone be financially impacted upon my death? If so, life insurance is one of the only ways to mitigate this risk. This doesn’t just include people who are financially dependent upon your income. If you harbor significant debt which will not be resolved upon your death but instead be passed onto your next of kin, life insurance can help them resolve the issue. You can make co-signers, co-joiners, or those tasked with handling your estate the beneficiary of the policy. Likewise, if you own a business which would struggle to continue in the event of your death, a life insurance policy can bolster this business.
While life insurance isn’t a major necessity for the young and healthy, obtaining a policy at this age can be quite inexpensive. Once you lock in a price, this premium is unlikely to change. There are two different kinds of life insurance: term and whole. Term life insurance, as the name suggests, covers a portion of your life (i.e. five, ten, thirty years), while whole life insurance provides coverage until you die.
Long-Term Disability Coverage
Long-term disability coverage is similar to workers’ compensation, as both types of coverage are based on the possibility of reaching a point where you are physically or mentally unable to work. While workers’ compensation covers work-related injuries and ailments which prevent further working, long-term disability coverage covers nearly ninety-five percent of accidents and illnesses which are not work-related. In the event you are incapacitated and unable to earn an income, a disability policy can cover the daily expenses you’re no longer able to afford. While many employers offer this type of coverage and this is likely the least expensive option for obtaining coverage, not all employers do.
Similar to life insurance, if those close to you depend upon your income, a disability policy can insure they’re taken care of if you cannot work anymore. However, even if you live alone, you’ll still have expenses which need to be taken care of. For this reason, long-term disability coverage is a moderate necessity. Its costs aren’t steep, averaging about 1% to 3% of your annual income. Keep in mind, though, most policies only cover a short-time period. If you’ll need coverage beyond three years, you may have to pay a bit more.
While homeowners’ insurance is strictly necessary, is renters’ insurance? Also referred to as tenants’ insurance, renters’ insurance protects renters’ personal property and provides some liability coverage. Many young people do not own homes and spend a majority of their income on monthly rent. In the event a dwelling becomes uninhabitable, a theft occurs, or the renter damages the property, renters’ insurance can cover the cost. The wonderful part about renters’ insurance is it’s much less expensive than homeowners’ insurance. If you rent a medium to large-sized property, renters’ insurance is a necessity.
Our job here at Abri is to put together a package of the insurance policies you need. Nothing more, nothing less. By assessing your lifestyle and other life factors, we’re able to find the best rates for the most essential coverages. If you need help finding the right insurance policy for your needs, reach out to us! Everyone here at Abri Insurance is eager to assist you in your search for the best coverage. Come back here to read the latest news and discover more about how to make the insurance industry work for you! Thanks for reading! Until next time!
Welcome, readers! This is Abri News, where you’ll find helpful policy information to assist you in finding the best coverage for your needs. What should an insurance provider offer? Competitive rates? Peace of mind? Stellar customer service? Well, ideally, a quality provider should offer all three. Companies are often compared using solely their quotes. This is understandable. There’s no point shopping around in a price range you cannot afford. However, we would like to offer you alternative means for evaluating potential providers. As well, we want to elucidate the difference between “good coverage” and “bad coverage” when it comes to your insurance needs.
What is “bad coverage''?
Bad coverage doesn’t have a one-size-fits-all definition. Simply put, bad coverage is coverage which doesn’t meet your specific needs. These are plans which do not meet your minimum need for coverage, plans which exceed your maximum need for coverage, plans which include contract language specifically for the purpose of allowing the insurance company to avoid paying a claim, plans with certain policy implications which require unreasonable action to be performed by the policyholder for a claim to be paid, and any other bad faith practices.
You aren’t able to assess whether these aspects of a plan are present just by seeing the quote. A low rate may come along with a bunch of things you definitely don’t want, which is why looking into your policy provider is imperative.
How to compare insurance companies?
There are a number of ways to compare insurance companies. First and foremost, there’s specialization.
Certain insurance companies specialize in particular types of clients. If you’re looking for coverage for your family, you might want to seek out a company which appeals specifically to families. Likewise, if you’re an older driver or a driver with a tarnished driving record, there are companies who are willing to work with you and will not charge exorbitant fees.
Of course, the tried-and-true method for determining which insurance company is right for you is by comparing quotes. This will certainly help to narrow down the competition, as quotes which are out of your price range can immediately be crossed off of the list. Again, don’t allow this factor alone to determine your choice of provider for you.
Determine your coverage limit before comparing quotes and make sure you enter the same parameters on each insurance site.
A pertinent aspect of comparing quotes involves searching for a company’s current discounts. Discounts from having a good driving record, a good health history, or bundling claims can offset the price of a high quote. Do the math or use an online calculator to assess whether the saving make a difference in the long run.
Complaint Ratios and Financial Ratings
You can check a company’s complaint records by visiting the National Association of Insurance Commissioners’ (NAIC) website. You can also check this information by visiting your state’s insurance department website. A high volume of complaints can mean the insurance company lacks good customer service or they have a habit of failing to pay out claims. The complaint ratio is the company’s market share of closed complaints compared to its share of premiums. The company’s ratio should not exceed the national median.
Complaints usually fall into three categories: unsatisfactory settlements, denials of claims, and claim handling delays. When considering a particularly appealing low quote, weigh the benefit of a lower monthly payment against the potentiality of running into problems in your moment of need.
What to Look For
Now, you’re looking past the quote. Great! Let’s go through some different types of insurance and outline what you should be looking for in terms of coverage.
Homeowner’s insurance exists in case of the destruction of your home and theft of the property therein. There are three levels of coverage:
Take these three forms of coverage into account when choosing your plan. Homeowners’ insurance is highly customizable. The coverage should cover the interior and exterior of your house. In the event of several types of natural disasters or vandalism, you should be able to have your house fixed or even rebuilt. If you own extremely expensive possessions (i.e. fine jewelry, fine art, antiques) you may want to take out a separate policy for each item. The minimum amount of coverage for most homeowners’ policies is $100,000, but it’ll be safer to be insured at least up to $300,000.
Not everyone needs life insurance. If you have a family or financial situation which could be put into flux by your death, obtaining a suitable life insurance policy will relieve a modicum of stress about how those you love will continue on after you’re gone. If you’re older and in need of life insurance, a little extra research will yield a company who is willing to work with you, although you may pay a higher premium. Life insurance should cover any current debts you have—like mortgages and student loans where someone cosigned for you—and be sizable enough to fill the gap where your income used to reside.
There are two different types of life insurance:
You might opt for additional riders such as disability or long-term care insurance, as well. The amount of life insurance coverage depends on your particular situation and the quote may depend on a medical exam. To reach a suitable figure, add together your existing debt plus interest, then estimate any funeral expenses and potential for lost income. The number you come up with will be a ballpark estimation.
We all do however, conceivably, need health insurance. There are numerous options on the market, all varying in terms of coverage and price point. October and November are the months when most Americans switch plans, so now is a good time to start shopping around if you’re looking to switch plans later in the year. Low premiums can come alongside higher deductibles and smaller networks, so be diligent about your research. Check for out-of-pocket expenses (which can be factored into the overall quote for a better assessment of actual price) and copays. If you need certain prescriptions, make sure those are covered by your provider. If so, make sure you don’t need to jump through any unreasonable medical hoops in order to get ahold of the medication you know you need. If you have a preferred doctor, make sure the provider won’t deny your claim just because they’re out-of-network. Find a provider who is willing to work with you and who offers benefits relevant to your needs (e.x. Free gym membership, online portals, virtual doctor’s visits, free counseling).
States require drivers to purchase specific amounts of liability coverage. Liability coverage is actually two-fold. It’s bodily injury liability coverage and damage-to-property coverage. These protect you in an at-fault accident. In some states, drivers are also required to have personal injury protection coverage (PIP), but if you have good health insurance, it's not technically necessary. There’s also collision insurance, which covers all damage to your car, including non-collisions. You’ll need to assess, in each instance, which forms of coverage are mandatory in your state and which you’re in need of. The auto insurer might try to sell you on optional coverage. Hold off on purchasing protection unless you truly believe you’ll have a need for it in the future.
Liability coverage typically falls between $100,000 per person.
If you still need help finding the right insurance policy for your needs, reach out to us! Everyone here at Abri Insurance is eager to assist you in your search for the best coverage. Come back here to read the latest news and discover more about how to make the insurance industry work for you! Thanks for reading! Until next time!
Welcome readers, we hope you’re having a great week so far as we make our way to close out June, 2021! Did you accomplish anything notable this past month pertaining to your insurance and financial livelihood? If so, then well done! National Insurance Awareness Day was this month on the 28th, and we were thrilled to help people get set up with the right levels of insurance they need for themselves and their family. It’s a pleasure being able to help people feel more protected and give them the ability to rest easy that their insurance is taken care of.
One part of preparing your financial plan and long term stability though isn’t too easy of a conversation: wills and testaments. Your life insurance and your will and testament go hand in hand as they both establish the structural support your loved ones may need should something unexpected happen to you. Planning for accidental death and being prepared for what you may leave behind is crucial. So how do life insurance policies and wills combine? There are a couple different ways that these two preventative measures combine to make your passing more financially bearable to your relatives and resources. Just to touch the tip of the iceberg of this topic, setting up a life insurance policy and creating a last will and testament will prepare your loved ones by giving them the resources they need to be able to pay for any funeral related expenses and then some.
Life insurance is a legally binding contract between an insurer and a policyholder that allows the policyholder to pay monthly premiums in preparation for their passing. When the policyholder passes away, the insurer is then able to distribute a sum of collected wealth to the beneficiaries named by the policyholder beforehand in their will and last testament. A life insurance policy is only as strong as the insurer or company providing it, however, so it’s important to do plenty of research or work with an insurance broker like Abri Insurance in order to find the best options at your disposal.
Life insurance policies often ask for a specific beneficiary to be listed; most individuals list their spouse or an immediate family member. In the event of a policyholder's death, a ‘death benefit’ will be paid out directly to the beneficiaries on the account. There can be both primary and contingent beneficiaries as well, if the primary beneficiaries are not able to be located, communicated with, or are also passed.
A will is a legal document used to describe and list out the assets in your estate and is not tied to your life insurance as the death benefit is not counted within that estimation and goes straight to the beneficiaries upon the event of your death. However, if your specified beneficiaries have all predeceased you, then there may be a situation where your death benefit is paid out to your estate. This would be the way your will and life insurance policy tie together because the beneficiaries of your will would then be evaluated and considered the next option. What’s really important is that you don’t go without creating a will as if you pass without one, state law is able to determine who gets the proceeds from your estate overall.
So, we’re sure you’re wondering, well why have a life insurance policy that lists beneficiaries at all if it will default to a will at some point? Well, specifying beneficiaries is typically better because if your life insurance pays out to your estate your creditors may be able to take a portion for themselves, and taxes and probate fees could take away from it as well. Those kinds of fees vary from state to state, but all of it can be avoided by taking time to name specific individuals as beneficiaries in your policy.
Another important thing to note is that your life insurance policy and will are not automatically tied and if you update one it does not update the other. Since life insurance is moreso related to your death benefit, and a will is more related to your estate in whole, you may have completely different people in mind as beneficiaries on each! You are completely able to list different people on either, but it’s important to plan how they will work together when the time comes for your estate planning and those other not so fun conversations.
If you don’t yet have a life insurance policy, we highly recommend taking time to reach out to our team and let us help you get situated with a policy that works best for you and your life. Life insurance is most important for individuals that have minor or special needs children, adults that own property together, elderly individuals who may want to leave their wealth to their adult children, young adults with parent co-signers on loan debts, individuals that expect to owe estate taxes, families who can’t afford funeral expenses, businesses with key employees, and married pensioners. It’s also a great idea for young adults in their early twenties to look into insurance rates earlier because the younger and healthier you are the better your rate may be and the sooner you’ll be able to ‘lock it in’.
Preparing for unexpected or accidental deaths isn’t easy, and the thought of what your loved ones may go through after you’re gone can cause a lot of anxiety for some. The important thing to keep in mind is that by setting up the dual structure of a life insurance policy and a will or last testament, you’re doing the best you can to protect them in those events. It’s even beneficial to keep track of little things like typical passwords you used for different accounts, values of special items in your home, and where certain important documents are within your home. Not only is it painful not being able to communicate with a loved one anymore, but it’s difficult and stressful to navigate through an estate without understanding what’s there.
If you need help preparing your will and last testament, or taking steps in updating or signing up for a life insurance policy, Abri Insurance is ready to work with you! Just reach out and give us a call, we’ll get you connected to one of our local insurance brokers who will help you get started finding the best fit for you!
Now that the weather is perfect for taking your motorcycle out for a ride into the sunset, it's time that we go over the importance of having proper insurance coverage for your bike and what you should be expecting from your insurance policy!
Hello readers and insurance plan holders! Welcome to the Abri Insurance Blog! We are a full-service, independent insurance agency that represents you, the client, and not the insurance company. With each and every policy under one roof, we customize the perfect insurance package for you while striving to deliver the highest level of customer service. While the weather has been outstanding and is now the perfect time to take out your number one road warrior, your motorcycle, it is still extremely important to have the proper coverage you need to stay as safe as possible no matter what! If you are like most bikers, the idea of losing your bike sends you into a panic. We can customize your coverage so that it covers everything from a full replacement on your bike to medical payments when you get into an accident. Today, we are going to be diving into everything you need to know about motorcycle insurance so you can stay ahead of whatever might be coming your way so you will always be prepared!
The fact is, no matter how you might feel on the open road or the fact that you are an excellent driver, you need motorcycle insurance. Minimum liability just isn't enough. While it is an extra expense that you don't use until you need it, when that time comes you will really need it! Like we usually mention when it comes to insurance, while it might be hard to spend money on insurance and not get anything directly out of it right away, if you don't have it when you end up needing it, it will cost you even more in the long run! Also, don't forget, almost every state requires minimum liability coverage just to register your motorcycle. While minimum liability coverage is a great first step, it only covers the other person involved when you've caused an accident. What about you and your bike after an accident? Regardless of who caused the accident, you both might need patching up and you could be looking at thousands of dollars to do so! Make sure you're getting coverage to insure your body's overall safety and wellness, the safety and wellness of your bike, and anyone else who might be involved in an accident. Remember, this is still a vehicle just like your car. If you would insure our car, why wouldn't you also insure your motorcycle? As we've mentioned, your state will most likely require you to have liability insurance coverage for your bike. Our biggest recommendation when in the market for motorcycle insurance in the Charleston area is to sit down with us at Abri or with your insurance agent and talk about what your options are. First, consider buying a policy above the minimum requirement and check with us if your coverage includes coverage for your bodily injury and injury done to your passengers. Also, make sure you have all the proper coverage for your state! Florida requires you to carry a minimum of $10,000 in medical benefits while other states require you to carry uninsured/underinsured motorist coverage. Please check with us if your preferred policy checks all the boxes needed for the state of South Carolina!
The good news is if you're pretty familiar with standard auto insurance policies, motorcycle standard policies are very similar. Most insurers offer, on top of what we have already mentioned, personal injury protection, medical payments, comprehensive and collision coverage, all of which we would highly recommend adding to your overall policy! If you are feeling the want and need to add on more you can also add on roadside assistance, transport trailer coverage, trip interruption coverage, and coverage for custom parts, equipment, and accessories. For our readers who have invested a pretty penny into a custom chopper, this is an ideal situation for you! While many of our readers may still not be thrilled about paying for insurance on their bikes, please keep in mind that many companies will offer a "lay-up" period discount during cooler and inclement months where many individuals who have other modes of transportation will put their bikes away until the spring returns. There are also other discounts out there just waiting to be utilized. Make sure, if you need or want to, to speak to your provider and ask if you are eligible or if they offer any of these discounts!
Now let's talk about the real nitty-gritty of your bike, what happens if it is destroyed or stolen? There is a policy for that! When this happens you'll usually be given three different types of settlements. One is a stated amount, this will pay you the amount that you agreed upon when you purchased your policy. The second is an actual cash value, and this will pay the value of what your bike is worth minus depreciation and deductible. Finally, there is the agreed value and this will pay the amount you and the insurance company agreed on when you bought the policy and it is a fixed amount, nothing will be taken from a claim check when this option is chosen.
Still not convinced that you need motorcycle insurance? Thank about it this way; 48 out of the 50 states in the US require you to have insurance. The two that don't still suggest that it might be the smart choice to do so. Here are a few more pieces of information to know about motorcycle insurance that you should still keep close to your heart when debating what policy you should get at the end of the day!
Motorcyclists, have we got your attention? We want you to enjoy the open road as best you can, and the best way to do so is to have the best insurance policy possible! Let Abri insurance help you curate the best insurance policy for your motorcycle in the Lowcountry! This way every ride is the safest and perfect ride every time! We're Abri Insurance and we are here to make sure you have the best coverage for life in the Lowcountry!
When it comes to being an employee and protecting your employees, one of the most important things to have as a business owner is employee benefits liability insurance. Today, we are going to spend some time diving a little deeper into this topic and what you need to know!
Employment and being an employer right now is incredibly tricky, especially right here in the Lowcountry. Companies across all professions are feeling the weight of being very understaffed and employees are more exhausted than ever before tiring to keep up with the extra strain that is being put on them. Fighting for security, benefits, a good salary, and insurance across the board is what is inspiring these exhausted employees to stick around. Keeping these benefits protected and insured is becoming the primary focus for many businesses across the Lowcountry, and we are here to help. It is our job at Abri insurance to figuring out how to best cover your employees while still giving you room in your budget to grow your business, together!
What To Know About EBL
Employee Benefits Liability (EBL) insurance is coverage that helps businesses with errors and omissions that happen when employee benefit plans are administered. It covers damages that the insured company becomes obligated to pay due to an error or admission made in administrating an employee's benefits. These benefits are things like life insurance, medical insurance, disability insurance, and retirement plans. A better benefits package offered to potential employees can attract the perfect employee or keep the perfect employees working for you. However, any error in properly providing and informing employees of all of their benefits, signing them up correctly, and offering everything to them that they are eligible for can lead to some very unhappy employees and potential lawsuits. While many of these errors are human errors, they're still huge errors that if not covered properly could end up with a severely injured employee without the coverage they need and a lawsuit coming your way. These lawsuits and other financial responsibilities that arise from this situation could potentially financially destroy your company, but with EBL, you will be able to help your employee and still keep your doors open.
One of the many benefits of EBL is that it covers not only the main benefits offered to an employee, but also fringe benefits like dental, profit-sharing plans employee stock plans, and much more. It is also technically sold as a stand-alone policy. However, when you are in the market to purchase an EBL, make sure the plan you choose covers the benefit plans that your specific company offers. Not all benefit packages are created the same, which we all know and recognize. Outside of the benefits we've already mentioned, employee benefit programs include accident insurance plans, pension and savings plans, social security, workers compensation, unemployment benefits, maternity leave, tuition assistant, and vacation plans. While not every company will offer all of these benefits and while not every employee will want or use each of the benefits offered to them, they will be important to your employees and many will need this coverage to survive, remain healthy, and live to the fullest. These benefits are important to your employees, so these benefits need to be important enough to you to get the proper coverage to protect what is rightfully owed to your employee and to protect your company along the way. Make sure when buying insurance from Abri or your insurance company of choice, that you take the time to sit down and explain all the benefits you need to be protected and covered through with EBL.
Please note that almost all EBL endorsements give coverage on a claims-made basis, which means these endorsements cover claims made during the policy period that was given to your employees. If claims are made outside the policy period then they won't be covered. While you're thinking that this might add even more of an expense to the insurance policies you already have, it can save you money and help your company in the end. If your company offers any kind of benefits to your employees, if you have a high employee turnover rate, if someone (an employee) beside you handles the benefits offered to all of your employees or you offer different benefits to each employee, then it is very important to EBL insurance. It is also important to know, as a business owner, that this type of policy only covers legally required and optional employee benefits. In this case, health insurance is not always legally required for companies to offer their employees. The Affordable Care Act specifies that employers with over 50 full-time employees provide health insurance.
Health insurance often gets targeted for benefit claims. While this type of policy will cover some of these costs, it's important to remember it won't cover all of them. These policies also insure against claims made by both current and former employees. These plans will have certain deductibles and will cover a specific amount incurred by current and former employees. When doing your research on how much these policies could cost you, the cost will vary based on multiple things, but mainly on how many employees you are planning to cover with this policy will determine the final price. Rest assured, this can be one of the most affordable types of insurance that your business will purchase overall. It is also important to know that EBL does have two separate limits; an aggregate limit and an each employee limit. The aggregate limit is the maximum amount of money that the insurer will have to pay for the damages that come from any administrative error. The each employee limit is how much the employer will have to pay for any and all damages by any employee, their family members, and any beneficiaries. Sometimes these limits apply to each claim instead of each employee.
Common Employment Practice Myths
While we are discussing everything that EBL covers for your company and why it is so important, we wanted to close with a list of myths that both employer and employee need to keep in mind as well continue to make it through this year and beyond. All of us here at Abri are here to protect your company and employees, believe in both have an equal right to what is regularly theirs. Remember this list full of myths and are not true. If you are experiencing any of these, it might be time to consider your position.
Having any kind of assumption about your employees or employer is never a good situation to find yourself in. To avoid any issues and to create a proper work environment that your employees want to be a part of, make sure to spend time listing to them. Also, make sure to keep an open line of communication established so they can understand what benefits they're entitled to and you understand what they want and need from their benefits. An EBL is necessary to keep all parties happy and to keep your company in good standing after any error. In the long run, it's best to keep your eyes and mind open for your employees so your company can be as successful as you know it can be! Remember, we are Charleston's premier full-service, independent insurance agency representing you, the client, not the insurance company. With every policy under the Abri Roof, we customize the perfect insurance package for you while striving to deliver the highest level of customer service! Please don't hesitate to reach out and contact us, we are here for you! We're Abri Insurance and we are here to make sure you have the best coverage for life in the Lowcountry!
While it might not be your primary mode of transportation, it's still a vehicle that is loved and used by many right here in the Lowcountry. Today, we are going to be talking about the ins and outs of insurance for your golf cart!
Hello, Abri customers and friends! If you've found yourself here today, you want to learn a little more about how to keep your golf cart safe and insured. While a golf cart might not be your primary way of getting around, it is most likely your favorite! It's a staple in the Lowcountry to have one. A golf cart can mean trips to the beach, traveling around your neighborhood, going golfing, or just a quick trip to the store for some milk. No matter how you and your family enjoy using your golf cart, it is still best to know how to keep it safe and protected as best you can! Insurance for your golf cart is very similar to automotive insurance and covers things like collision and bodily injury. All of us at Abri can also create a more detailed policy so your golf cart and everyone who rides inside will be safe and protected as you wish.
Golf Cart Insurance - What Is It?
A basic golf cart insurance policy comes with some very typical basic coverage that includes property damage, bodily injury, collision, and comprehensive coverage. Each form of coverage might help to repair the damage done to your golf cart, depending on the situation you find yourself in. They are also there to help with expenses if you cause an accident that leads to someone getting hurt or private property being damaged. If you've damaged a home or car with your golf cart, property damage liability can help cover the cost to repair any resulting damage. If you cause an accident with your golf cart that hurts someone, bodily injury liability is there to help pay medical, hospital, or other related medical expenses. Regardless of who is at fault in an accident, collision coverage helps you pay for repairs on your golf cart. Finally, if your golf cart is ever stolen or receives damage done by something else other than a collision, comprehensive coverage can help you get a new golf cart or repair damages! Just like with any other insurance policy, you can add more specific additions to your policy to tailor it to exactly what you want, but we will talk about those add ons in a bit.
Do You Have To Have Golf Cart Insurance?
Gated communities and vacation destinations are no stranger to golf carts, and in some places, you can even drive them on the road just like a car. Due to situations like this, in certain states, it is required to have liability coverage for your golf cart. While you might not live in a state where it is required to have insurance for your golf cart, it is still a good idea to have it. Many HOA's will require you to have it as well. In certain communities, like golf communities, the HOA will require owners to purchase a very specific type of insurance for the golf cart being used and to name the HOA as an additional insured. While this might seem like a lot, the National Highway Traffic Safety Administration reported that between 2013 and 2018 there were 130 fatal golf cart accidents.
What Else Do I Need To Know About Golf Cart Insurance?
While some homeowners insurance policies and auto insurance policies might cover some of your golf cart, it doesn't cover everything. Some policies won't cover it at all. You have to very careful that you don't just assume that your existing home insurance will help cover a golf cart. In situations like this where you might be unsure about what your home insurance policy covers, it is best to check with us at Abri so we can discuss your policy with you. It is very important to understand what your policy does and doesn't cover. It is a rule of thumb to remember that even if your standard homeowner's insurance does cover your golf cart, it will only give little coverage, especially once you leave your personal property. It is also important to know that while a standard car insurance policy can cover some minor things for your golf cart, it will typically not cover a golf cart accident. In this situation, you have a few options. You can choose to expand your already existing homeowners or auto insurance plan to help cover your golf cart or get a separate specific policy to cover just your golf cart. Make sure to pick the best option for your style of using your golf cart and what makes the most sense for you financially. Sometimes separate policies for your golf cart can be sold as an off-road vehicle policy while certain insurance companies, like Abri, offer designated plans just for your golf cart. These plans will cover you no matter where you're driving your golf cart and will also provide coverage for when it's not being used and is sitting in storage. At the end of the day, the best option is to pick a policy that is specifically tailored for you and can give your golf cart the most complete protection and coverage. Outside of what we've mentioned in a basic golf cart insurance plan, it can help cover the liability of passengers, uninsured and underinsured motorists, and more!
You can also add on a few more specific pieces to your golf cart insurance policy! Some companies offer roadside assistance to help with a tow, jump, or flat tire. You can also get coverage for custom additions made after your purchase like engine modifications, lift kits, and custom bodies. Coverage can also be added to cover your radio and sound system along with your front and tail lights.
What Will You Be Paying And Are There Discounts?
How much you will pay for your insurance plan will depend on if you've added coverage to an already existing home or auto plan, if you just have a basic plan, or if you've created a tailored plan for exactly what you want or what your HOA defines what is needed. It will also depend on your proficiency as a driver, your record, and where you'll be driving. The most basic plan for adding it to a home insurance policy where you're just driving on your property could cost as little as $3 a month to $100 for those driving as often and whenever you want on a stand-alone plan, according to insurance.com
While we know adding on any extra expenses can be difficult, there are ways to save on your golf cart insurance even if it's just a few dollars at a time. Those few dollars can add up over time. You can save money if the insurance company that you're already using for your home or car insurance can bundle in your golf cart insurance. You can save money on a policy if you're a homeowner, and you can always ask if you can take advantage of a payment plan. You might be able to get a discount if you pay for your insurance policy in one lump sum and you can get a discount if you sign up for regularly scheduled payments that come right out of your bank account.
No matter if you're using your golf cart every day, for fun, for the golf course, or just on vacation, choosing insurance to protect your ride and your riders is the best option. You are still inside a vehicle that can cause harm to yourself, to others, and to property that doesn't belong to you. Why take that risk if you don't have to? Unsure about your policy? Are you interested in adding on or buying a golf cart policy? We can help with that! Make sure to reach out or comment below and an Abri agent will help you with your golf cart policy as quickly as possible! We're Abri Insurance and we are here to make sure you have the best coverage for life in the Lowcountry!
We've been talking a lot about topics that have been focused on and around homeowners insurance. This inspired us to dedicate a whole blog to the topic because we wanted to dive in a little deeper into what it is and what you need to know about it!
Hello, Charleston insurance holders and buyers! Welcome back to the Abri Insurance blog! We are a full-service, independent insurance agency representing you, the client, not the insurance company. With every policy under one roof, we customize the perfect insurance package for you while striving to deliver the highest level of customer service. In our last few blogs, we've been talking a lot about homeowners insurance, so we wanted to dedicate a whole blog to the topic and dig a little deeper into this very important coverage. Your home is one of the biggest purchases you will ever make, so it only makes sense to protect it. This insurance protects your home from damages to the home itself as well as protecting the possessions inside. With the springtime weather warming up, and the potentially dangerous storms that have already begun to appear in the Lowcountry, now is the time to make sure your homeowner's insurance is up to date and will cover everything you need when disaster strikes. Spend the time now to review your coverage, and if it's not what you need in times of disaster, come and speak with us! It is better to be fully prepared before disaster strikes than having poor coverage when it does! Let's learn a little more about homeowner's insurance so you know the ins and outs of what it truly is, what it covers, and some very common misconceptions to avoid!
What Is Homeowners Insurance?
Also called home insurance, this policy provides financial protection when your home or your belongings are damaged. Homeowner's insurance also covers damage or harm that comes to other individuals or their belongings. While it isn't required by law to have homeowners insurance, there are many reasons why you should have it, on top of what we have already mentioned. If you are planning to have a mortgage on your home, lenders will require you to have homeowners insurance up until the entire loan is paid back. Lending companies can demand that homeowners carry insurance to cover the exact amount of the mortgage they owe.
What Does My Homeowners Insurance Cover?
When heading into a particularly storm-heavy season in the Lowcountry, anything could happen at any time. That's why it is so important to know and understand what exactly your homeowner's insurance covers. A homeowner's insurance policy is split up into four different categories of what it will cover; your dwelling, your personal property, structures on your property, and the liability for damage or injury done to others or their belongings. When it comes to the coverage on your dwelling, it will cover to pay to repair the damage done by lightning, hail, hurricanes, wind, fire, and other natural disasters. Many standard policies will also cover damage done to detached buildings on your property like a gazebo, shed, and garages. Coverage of your personal belongings includes damage done to your sports equipment, furniture, clothing, and other personal items by fire, hurricanes, other natural disasters, and if they are stolen. It also covers items that are stored away from your home. Your landscaping and precious items like collectibles and jewelry are protected, but only to an extent. Your collectibles and special items are usually protected up to a certain dollar limit, and your landscaping items like trees and plants are covered for up to $500 per item. Liability covers lawsuits from harm or damage caused by you or your family to others, and also covers damage caused by your pets.
What Doesn't My Homeowners Insurance Cover?
While your homeowner's insurance covers quite a bit, you mustn't assume that it covers everything. Some items that homeowner's insurance doesn't cover are obvious, while some are still a little tricky. While you can add on extras to create a policy that covers you for exactly what you need, you might need to invest a little bit more into your coverage than what you think you do. A word to the wise, we would recommend going a little above your policy, at least have a policy that will cover you if you need to completely rebuild your home. What else should you know?
Myths About Homeowners Insurance
While it's great that there is a lot of information out there about homeowners insurance, there is also quite a bit of misinformation out there. We wanted to clear up these misconceptions so you know when you come across some bad information. If you question or thought your policy covered these misconceptions listed below, it's time to evaluate your policy and come speak with us at Abri!
You spend so much time in your home creating amazing memories, staying safe, and relaxing. A home is one of the largest and most important purchases you'll ever make, and one that many work for years to own. Keep your home properly covered so you and your family and the life you've built together can be protected and restored even after the worst. We encourage you to review your policy now, it is the perfect time to do so! You have three months until hurricane season begins, and while that might seem like a long way off, it will be here before you know it! If you would like to sit down and talk about your policy or if you would like to add more coverage, we are always here for you! We're Abri Insurance and we are here to make sure you have the best coverage for life in the Lowcountry!
While the idea of natural disasters isn't one we want anyone to spend much time thinking about, the reality is that it is still a possibility that we all have to face. Like everything, it's always best to be prepared, which is why we are going to be talking about disaster and catastrophe insurance today!
As we have officially hit the one-year marker of living with Covid-19, the realities of dealing with natural disasters have become all too clear. It's very obvious now that we never really know what might happen and it is best to be prepared for anything and everything. Living in the Lowcountry, we aren't strangers to the fact that hurricanes, tropical storms, and their dangerous aftermath can bring disaster right to our front doors. With that in mind and after this past year, considering natural disaster and catastrophe insurance might be needed in your life sooner than you might think. It might not be on your radar now, but it might need to be. While we don't want you to sit and think about the possibilities of a natural disaster constantly, having natural disaster insurance allows you to ease that burden. It's our job to think about it, help guide you through it, and be here for you if a disaster ever does strike. We hope it never does, but just in case, we wanted to share some of the ins and outs of it all!
Why should you be considering this kind of coverage now? When disaster strikes, you're left in a dire situation worrying about how to keep a roof over your head and your family safe and fed. Having to call around to make inquiries during this time can be difficult and next to impossible if you're one of many trying to contact the same insurance company during the aftermath of a disaster. Having this extra coverage in place will give you peace of mind at all times, and comfort if disaster does appear. You will know who to call and what will be taken care of right away, and be able to get back to your normal life in no time. Think ahead and give yourself and your family the gift of being completely covered no matter what's to come. We are here for all your questions, policy needs, and more. Never hesitate to reach out and call! We're Abri Insurance and we are here to make sure you have the best coverage for life in the Lowcountry!
When you're a business owner, you've reached a level of making your dreams happen, doing a job you love, and creating or providing something you're very proud of. Wouldn't you want to protect all of this after working so hard to get to where you are? Today, we are going to be talking about commercial property insurance!
Hello Charleston, North Charleston, Summerville, and all of our readers in South Carolina and beyond! Welcome back to the Abri Insurance Blog! We hope you're doing well, and are properly covered for every aspect of your personal and professional life. No matter where you are in life and no matter how careful you are, accidents are bound to happen. Mother nature decides when a natural disaster is going to happen, and human error is a way of life. Being from South Carolina, we know the realities of the weather, once hurricane season is here, a hurricane of any magnitude or a tropical storm could happen when you least expect it. We've briefly touched on homeowners insurance in our blog, and we've talked a good deal about hurricane insurance. You spend time and money investing in your home's safety during these times, why wouldn't you do the same for your business, no matter its size? This also includes when you work from home, a proper business insurance policy will cover your business both on and off your personal property. Think about what your company produces or offers. Think about how devastating it would be to lose anything in your office to hurt or stop your business, even for a short amount of time. Think about how damaging it would be if your work from home situation was brought to a halt due to an accident, flood, fire, vandalism, and much more. Not only would your home be damaged, you could potentially be harmed, and your income could also be put in jeopardy. That's where commercial property insurance comes into play. You've worked so hard to have your own business, why wouldn't you want something working just as hard for you?
What Is Commercial Property Insurance?
The basic definition of commercial property insurance is that it covers every physical aspect of your company. It's something that every company needs no matter its size and no matter if you lease, rent, or own the building your company runs out of or if you work from home. It's important to have because so many small businesses and startups simply don't have the cash flow to cover anything if damage or disaster would happen to any of their business assets. According to fundera.com, there are currently 28.8 million small businesses in the United States, employing over 55 million people. When it comes to all businesses in the United States, 99.9% of them are small businesses. With these kinds of numbers, that's a huge part of every community that needs protection from whatever might happen. For many business owners, they know it's not a question of if something will happen, but when. Being prepared for when something will happen is one of the best things you can do for your employees and your company. Generally, many businesses will have a commercial property plan that is bundled with other forms of insurance to make sure it is the most well-rounded plan with the most protection possible.
What Does Commercial Property Insurance Cover?
Before getting in too deep, it's very important to understand that you need to buy the right kind of insurance plan for your company. Buying a cookie-cutter plan that's not specifically tailored to you will be a waste of money and a waste of your time. Make sure that when you sit down with us at Abri Insurance that you share with us exactly what your business is, what you do every day to operate successfully, and what moving parts the company is made up of. This way we can create a plan that covers exactly what you need, so you're only paying for what you need. Also, when disaster strikes, a tailored insurance plan will help you recover from the whole process. It will not leave you with giant gaping holes that you'll have to cover yourself.
As we mentioned before, commercial property insurance is used to cover and protect your company's equipment and property from the risk of accidents and disasters. One of the best things that commercial property insurance helps is to protect your building, what's inside of it, along with fences, doors, outdoor signage, and even exterior fixtures. The plan itself covers all of that and all of your physical assets from vandalism, fire, explosions, burst pipes, water damage, theft, and storms. This is everything your common policy will cover. This means it will help cover the loss and damage of things like your office equipment, computers, inventory, other's property, important documents, and more. However, there are still some things that everyday plans won't cover like earthquakes and floods. This will need to be added on if these elements are common to where you work and live. Also, there are multiple different kinds of commercial insurance, since there are so many different kinds of risks your face when you own a business. Depending on what kind of business you own, you might need a few more additions than your peers or fellow business owners do, and that's okay! Safety first!
Compare a big tech corporation to a big coal corporation. A coal company would not need to protect its documents and information stored on its cloud as a tech company would. On the other hand, a tech company would not need to have the type of intensive coverage for their employees and machinery that is used in a coal mine that a coal company does. However, this is why it is so common to see commercial insurance plans bundling multiple options. What are the different types of commercial insurance that you can find?
Please note that unless you specifically set your plan to do so, your commercial property insurance won't cover your assets when they are off of your property. They will usually not be covered when they are over 100 feet from your office. If you need protection on things like your work equipment, computers, cameras, and anything else you take off your property to work elsewhere, please speak to your insurance agent to make sure you have the coverage you need.
How Much Does Commercial Insurance Cost?
Just like there isn't a one plan fits all situation for every company, there is no one size fits all price either. How much you will be paying will depend on a lot of factors.
There is still so much more to consider when it comes to commercial property insurance, this is just scratching the surface. As you know, there are so many working parts to your business and your industry. This will lead to needing a lot more coverage than you might think. For veteran business owners make sure to stay up to date with your policies and to let them grow alongside your company. For our new business owners, please do your research, and make sure to sit down with us at Abri Insurance to make sure you get the best insurance plan possible for your company! Until next time, please don't hesitate to reach out to us if you have any questions or comments. We are here and excited to talk about your insurance policy! We're Abri Insurance and we are here to make sure you have the best coverage for life in the Lowcountry!
While it might not be the best time to be out on the water in this damp and cool weather, it is the perfect time to prepare for when you can be! Today we are going to be talking about the truth behind your boat insurance!
Dreaming of warmer days and spending hours back on your boat? Or have you not stopped spending days on your boat regardless of the weather? Nothing a few layers can't help with, right? Regardless if your boat is currently tucked gently away in storage or hasn't missed a Saturday out, having the proper coverage and insurance is incredibly important. It is so important that we want to dedicate a whole blog about how to have the best boat insurance to enjoy life in the Lowcountry, and to help keep you safe on and off land!
What Do You Need To Know About Boat Insurance?
What Does Boat Insurance Cover?
Basic boat insurance will offer its owner a certain amount of protection, but adding on more coverage can be your best route of action. Let's begin by talking about what your basic boat insurance policies will cover.
What Are Some Common Boat Insurance Myths?
Owning a boat is a huge responsibility but it will provide hours of fun and entertainment, and for all of our fishermen and shrimpers, a boat can help your business be very lucrative. We hope this information clears up any confusion or concern you have about your boating insurance. If you are still confused or have any more questions, please don't hesitate to reach out. We are here to provide the best boat insurance in Charleston! We're Abri Insurance and we are here to make sure you have the best coverage for life in the Lowcountry!
We are Abri
We've created this blog to keep our customers and others in the know. When it comes to insurance and keeping people safe, no knowledge should be off limits.