I own a small business. Do I need umbrella insurance?

Umbrella insurance is insurance that provides extra coverage or backup coverage after you’ve exceeded the current limits of your primary insurance policies. As a business owner, umbrella insurance provides liability coverage for medical expenses, lawyer fees, and other financial protection. Even small businesses can benefit from umbrella insurance if they have assets they want to protect.

Our team at Hunt Insurance & Retirement Services is proud to serve our South Carolina and Georgia business owners. 

Umbrella Insurance for Businesses

Umbrella insurance for businesses is called commercial umbrella insurance or business umbrella insurance. Umbrella insurance provides extra coverage and protection once the current limits of your primary insurance have been surpassed. Small businesses have assets that need to be protected just like larger businesses do. If you have government contracts, you may be required to carry umbrella insurance. However, any business that wants protection from unexpected loss, liability, and lawsuits, can benefit from the extra protection an umbrella policy provides. 

Other Considerations

Some businesses have more assets and more to lose due to certain risk factors. Businesses that operate on commercial property that’s open to the public assume certain risks. If someone is hurt on your property, you could be held liable for their injuries and the damages could exceed your liability policy. Your business could also be more at risk if you or your employees work on other people’s property. The potential for accidental damage and injury is still present. 

Give Us A Call

There are circumstances that may make umbrella insurance unnecessary for some businesses. Some businesses don’t carry as much risk as others based on how they operate, as well as other specific factors. These are usually home-based businesses that don’t directly interact with the public. Homebased businesses that are sole proprietorships with no employees, subcontractors, and no in-person contact with customers may be able to forego umbrella insurance. However, this decision should be carefully weighed.

If you have questions regarding the benefits of umbrella insurance in South Carolina and Georgia, reach out to us at Hunt Insurance & Retirement Services. We’d be happy to explore umbrella insurance to determine if your business could benefit. 

5 Tips for Shopping for the Best Condo Insurance Policy

Condo insurance is essential for any condominium owner. Not only does it protect your personal belongings, but it also provides liability coverage in the event that someone is injured while on your property. Shopping for condo insurance can be daunting, but there are a few key things to keep in mind that can help make the process a bit easier.

Hunt Insurance & Retirement Services, serving communities in South Carolina and Georgia, offers the following five tips for shopping for the best condo insurance policy. 

Shopping For Condo Insurance: What You Need To Know

1. Know What Your Condo Association’s Master Policy Covers

The first step in shopping for a condo insurance policy is to know what your condominium association’s master policy covers. This information can typically be found in your condominium association’s bylaws, or you can ask the association’s board of directors for a copy of the policy. Knowing what is covered under your condominium association’s master policy is important because you don’t want to duplicate coverage and end up paying for two separate policies.

2. Determine the Replacement Cost of Your Personal Belongings

Once you know what your condominium association’s master policy covers, you need to determine the replacement cost of your personal belongings. This includes everything from furniture and electronics to clothing and jewelry. To get an accurate estimate of the replacement cost of your belongings, it is best to consult with a professional appraiser or insurance agent.

3. Choose the Right Amount of Coverage

This is one of the most important aspects of shopping for a condo insurance policy. You need to make sure that you choose a policy with enough coverage to protect your personal belongings and provide liability coverage. That way, you can rest assured knowing that you and your condominium are fully protected.

4. Choose a Reputable Insurance Company

When it comes to choosing an insurance company, it is important to choose one that is reputable and has a good reputation. You can ask friends and family for recommendations or read online reviews to get an idea of what other people have experienced with different insurance companies.

5. Read the Policy Carefully Before Purchasing

Once you have chosen an insurance company and a policy, be sure to read the policy carefully before purchasing. This way, you will know exactly what is covered under your policy, and you can make sure that it meets your needs.

Get Condo Insurance in South Carolina or Georgia

Every condo owner should have their own insurance policy in addition to their condo association’s master policy. Hunt Insurance & Retirement Services offers several different condo insurance policies to suit your needs. Contact us today for a free quote.

Flood Insurance: What Gets Covered

Flood insurance is a policy we provide at Hunt Insurance & Retirement Services for South Carolina and Georgia. If you don’t have this coverage and don’t understand what it protects, it is important to take the time to research your options and understand how it may help keep your home safe.

Understanding Flood Insurance Types

Throughout the South, insurance companies typically offer two types of flood policy options. These are building coverage and content coverage. Building coverage protects the building itself, including its overall structure. It will help to pay for replacing or repairing items damaged by floods.

Content coverage pays to replace or repair damaged items in your home, such as refrigerators, stoves, built-in appliances, window blinds, and other important items. You can buy one or both of these policies and add them to your coverage, depending on your insurance provider’s options.

What Isn’t Covered in Your Policy

Flood insurance will cover any naturally occurring flooding that may affect your home, such as if rainfall causes a river to overflow and run into your home. It does not cover any water damage that is not related to a flood, such as if a pipe bursts and damages your home. A homeowner’s policy may cover this damage.

That said, a sewer backup or plumbing disaster directly caused by a flood will be covered by your flood insurance policy. Understand that this coverage only pays for anything that the flood directly causes and nothing else. That knowledge should help you find a policy that makes sense.

We Can Help You Find a Policy

At Hunt Insurance & Retirement Services, we have helped South Carolina and Georgia residents find flood insurance policies that meet their needs. So please make sure to contact us today to learn more about our options. We’ll do what we can to help you find a suitable coverage option.

What is Term Life Insurance?

Life insurance is a security blanket that protects your loved ones from financial loss. The right insurance plan should be able to provide financial security in the face of sudden death, usually by paying off debt, medical expenses, or living expenses. You don’t have to be a savvy buyer to find the right life insurance policy for your circumstances. Maybe you’re shopping for life insurance plans, but you don’t know where to start. At Hunt Insurance & Retirement Services, we are offering policies such as term insurance to the people of South Carolina and Georgia.

Term Life Insurance: What is It?

Term life insurance is a type of policy that guarantees coverage for a certain period of time. As the policyholder, you will pay premiums for a period of 10 to 30 years, depending on the length of the policy. The money will be paid to your beneficiaries if you were to pass away in this time period. 

Term Life Insurance Versus Whole Life Insurance

Whole life insurance is permanent, meaning that the policy will last until the buyer’s death. Generally speaking, term life insurance tends to be less expensive than whole life insurance because it often covers a shorter amount of time. Whole life insurance is better suited for those who are younger and less certain about when they will reach mortality.

Buying Term Life Insurance in South Carolina and Georgia

If you are a South Carolina or Georgia resident wanting to hear more details about term life insurance, you can try shopping at Hunt Insurance & Retirement Services. In addition to life plans designed to protect your family members in the event of tragedy and loss, we are also providing auto insurance, home insurance, commercial insurance, and recreational insurance. To hear about our term assurance policies, you can contact the agency at 803-341-9060. 

5 Tips For Buying A Car At A Dealership

For many Americans, shopping for a new car at a dealership is akin to having your teeth pulled at the dentist. This adage is particularly true in today’s environment where chip shortages are wreaking havoc on supply and demand with fewer vehicles available at higher prices for customers. At Hunt Insurance & Retirement Services in North Augusta, SC, we recommend the following to make the car buying process a little easier:

5 Tips For Buying A Car At A Dealership

1. Secure Financing Early

Many dealerships make the vast majority of their profit on the financing side of the business with unnecessary add-ons confusing buyers and increasing the total figure owed. Consequently, seek financing from your bank, a credit union, or an online lender before you’ve visited the dealership.

2. Know What You Want

With every automaker maintaining a robust and flashy website for each of their vehicles that allow you to build it to your exact specifications, you can walk into a dealership armed with exactly what you want. Know before you go what features you must have and what you can compromise on, but be willing to walk if you can’t get what you want.

3. Be Wary Of Long-Term Loans

Many automakers now offer 6 and 7-year car loan options that allow for lower monthly payments that enable you to purchase a more expensive vehicle. However, you’ll pay the price via extra interest. 

4. Be Ready to Deal

The best purchase is one that is fair for both the dealership and the customer. Ask for too much of a discount and the dealership will happily let you walk and sell it to the next person that walks through the door. 

5. Get Creative

Perhaps the dealership is unwilling to budge on price but is willing to throw in free oil changes or a credit to purchase accessories. Don’t be afraid to ask.

At Hunt Insurance & Retirement Services in North Augusta, SC we are here to help with all your auto insurance needs.

Why Cyber Liability Insurance is a Must for your Business

Whether your business employs two people or over a hundred, if you use technology then you are at risk of a cyber attack. As technology advances, the threats that businesses face increase and become more complicated. Consequently, every business needs to be prepared for the repercussions of a cyber attack with cyber liability insurance. Cyber liability insurance provides a business with coverage options that help protect them from data breaches and other cyber security threats while also aiding in recovery. 

Cyber liability insurance covers costs associated with data breaches, malware, ransomware and other cyber attacks. Coverage includes compensation for lost income due to an attack, costs associated with notifying customers of a breach, expenses associated with recovering compromised data, repairs to damaged computers and more. 

Cyber liability insurance policies can be customized to your business with options for any of the following:

  • Forensic investigations
  • Litigation expenses
  • Crisis management expenses
  • Business interruptions
  • Cyber extortion
  • Betterment
  • Regulatory defense expenses
  • Regulatory fines

In South Carolina, businesses with four or more employees must have workers’ compensation insurance to help pay the medical bills related to workplace injuries and illnesses. Additionally, any business owned vehicles must have commercial auto insurance with at least state minimum liability coverage. 

Protecting your business and safeguarding your assets is imperative. By using the services of a reputable insurance agency like Hunt Insurance & Retirement Services in North Augusta, SC, you’ll feel confident that a professional has helped customize a commercial insurance policy to meet your needs. Give us a call to schedule an appointment or stop by our conveniently located office to learn more about our insurance offerings today. 

Increase Home Safety With These Easy Steps

Protecting your home is an essential part of homeownership. Having the proper home insurance in place is important, but in addition to this, you can also take important steps to increase your home safety. At Hunt Insurance & Retirement Services, we can help you better understand how to protect your home. Keep reading to find out how we can help you in North Augusta, SC and the surrounding areas. 

Secure Pools

If you have a pool on your property, it is very important that you properly secure the pool. This can be done by installing a security fence. Your pool should always be locked when not in use. This will prevent children or animals from getting into the pool and being injured. If children will be playing in your pool you should also make sure there is always a responsible adult at the pool. 

Install a Security System 

Today, security systems are very affordable and can provide a great amount of safety in your home. These systems will discourage burglars from invading your property and causing damage. 

Monitor Visitors

One of the best ways you protect your home is to always be aware of who is in and out of your home. It is essential that you monitor visitors to your home. Allowing people to enter your home who you are not familiar with may put your home at risk. 

If you would like to learn more about home insurance or any of our other insurance products, please contact us at Hunt Insurance & Retirement Services serving North Augusta, SC. We will be happy to answer your questions. 

4 Benefits of Classic Car Insurance

No matter where you drive, your years of experience, car accidents happen all time. And the aftermath of the accident can be devastating, more so if you hadn’t insured your car. That said, classic car insurance is crucial for every motorist owning a vintage or collector’s car. It’s that safety net that keeps your finances and assets protected if an unthinkable event occurs.

Most people in South Carolina buy car insurance for legal compliance but forget it’s not the only benefit of this policy. Like other insurance policies, classic car insurance offers numerous benefits, as explained by Hunt Insurance & Retirement Services.

Protects your finances

If you are at fault for an accident, you are liable for any destruction or injuries that result after the incident. It could be medical costs, property damage, or legal fees, resulting in financial turmoil. Classic car insurance protects you from such events.

Protects you and others

Classic car insurance has different coverages that cover various scenarios. With the right policy, you rest assured knowing that your insurance policy covers each damage. If you have liability, collision, and medical coverage, for example, they take care of the third-party injuries, your injuries, and your passengers.

For peace of mind

Man is to error, and mistakes can happen at any time. Rather than drive with fear of drunk drivers or uninsured drivers on the road, purchase your classic car insurance and drive your toy worry-free.

Compensation for physical damage 

The cost of repairing or replacing your vintage car after an accident is an expensive affair and may cost you thousands of dollars. Luckily, with classic car insurance, your insurer will bear such expenses, lessening your financial burden.

Classic car insurance in North Augusta, SC

Classic car insurance is a must-have investment if you value your vintage or classic car. Ready to invest in classic car insurance? If you are in North Augusta, SC and its surroundings, look no further than Hunt Insurance & Retirement Services.

5 Reasons Your Move Should Include Renter’s Insurance

If you’re on the fence about purchasing renters insurance, you should put these five facts in the plus column.

1. A Landlord’s Policy Does Not Cover Renters’ Belongings

The owner of the property will typically only have a policy that covers the dwelling itself, not the items inside of it. If a fire destroys the house or apartment, you will be responsible for replacing all of your belongings.

2. A Rental Policy Can Extend Past Your Walls

Many of the policies available through Hunt Insurance & Retirement Services will pay a percentage of your personal property coverage limit for any items lost or damaged outside of the dwelling, as long as the claim meets the other criteria.

3. Some Landlords May Require You to Have a Renters Insurance Policy

While not mandatory in North Augusta SC or neighboring GA, individual landlords may require a policy. Others may look at your policy as a bonus if there are multiple applicants.

4. You Can Protect Yourself Financially

If you cause injury or damage that results in a settlement, the financial damage can be massive without regard for how valuable your personal assets are. Personal liability coverage and medical coverage added to a renter’s policy provides a buffer against those potential damages.

5. Renters Insurance Is an Affordable Investment

The cost of renters insurance policies is based on the property, the covered belongings, and selected coverage. That said, the lower end can cost less than taking the family to dinner once a month. 

Get Your Renters Insurance Before You Need It

Like all insurance, getting renters insurance is not something you can do after the fact. Hunt Insurance & Retirement Services can connect you with the right policy for your needs. If you’re in North Augusta, SC or the surrounding area, contact us to ensure you are protected in your new home.

Motorcycle Insurance FAQs

Owning a motorcycle is a dream come true for many riders in South Carolina. Being home to fantastic beaches and sea islands, South Carolina is a dream come true for riders with a penchant for natural beauty. But as you immerse yourself in the beauty of Palmetto State, here are a few things you need to know about motorcycle insurance. 

Is motorcycle insurance mandatory in South Carolina?

Yes, whether riding in North Augusta SC, or other parts of South Carolina, you must purchase motorcycle insurance. Failure to buy valid motorcycle insurance could result in numerous fines and penalties. But why risk riding without motorcycle insurance when you can buy affordable coverage from Hunt Insurance & Retirement Services?

What’s the state-required motorcycle insurance in South Carolina?

Like most states, South Carolina requires you to include liability coverage in your motorcycle insurance. Riders should include at least bodily injury and property damage liabilities in their motorcycle insurance policy. 

Is the state-required motorcycle insurance adequate?

Whereas meeting the state’s requirements is pivotal, this insurance is never enough. The limits are inadequate, plus liability coverages protect others, but not you and your vehicle. For these reasons, we advise our clients to consider other motorcycle insurance coverages, including:

  • Comprehensive insurance to cover non-accident perils like fire, theft, falling objects, and natural disasters.
  • Collision coverage to cover your bike’s physical damage following a road accident or crash with a stationary object
  • Medical payments or PIP coverage to cover medical expenses for you and your passengers after an accident
  • Uninsured/underinsured motorist coverage to protect you in hit-and-run scenarios or when you collide with a motorist with little or zero insurance
  • Roadside assistance to come to your rescue when your boat stalls away from home

Still having a burning motorcycle insurance query unanswered? Be at ease. Instead, get in touch with Hunt Insurance & Retirement Services for more information. We will also be pleased if you visit our North Augusta, SC offices to speak to one of our agents in person.