What are the benefits of property insurance?

Owning real estate, equipment or other hard assets will require a big investment. For those that are in the Goldsboro, NC area, one of the best ways to protect this investment is by getting a property insurance policy. There are several benefits that come when you do get a property insurance policy. 

Protect Asset

The main reason that anyone should get a property insurance policy is that it can protect their asset. Whether you are buying real estate, equipment, or other important assets for yourself or your business, you will be making a big investment. Similar to any other investment, you should aim to protect it as well as you can. The best way to do this is by getting property insurance as it can mitigate a range of risks including fire, theft, or vandalism. 

Ensures Compliance

Another reason that you should get a property insurance policy is that it will help you remain in compliance. Most of the time, when someone needs to purchase a major asset, they will also take out a loan to finance the purchase. If you are going to finance the purchase with a loan, the lender will want you to get proper insurance as it will ultimately give them more protection as well. If you get a property insurance policy, you can ensure that you remain in compliance with these requirements.

It is clearly very important that you get a property insurance policy if you have a valuable asset. When you are looking for this insurance in Goldsboro, NC, you should call Wayne Realty & Insurance Co Inc. The main reason to call Wayne Realty & Insurance Co Inc. is that they are experienced at providing great service and insurance guidance to their customers. This ensures that you will remain properly covered at all times. 

5 Variables During The Fall Auto Insurance Policy Holders Should Keep An Eye On

Wayne Realty & Insurance Co Inc. proudly serves the Goldsboro, NC community by offering residents multiple insurance policies. We strive to ensure that our clients find the coverage they need to protect the things that they love.

Auto Insurance Variables During The Fall

We are committed to helping drivers in Goldsboro, NC find the insurance coverage that they need to protect their vehicles. Auto insurance covers you in the event that your vehicle is damaged as a result of an accident. As Fall approaches, here are some variables to watch out for that could potentially impact your policy.

Falling Leaves

During the Fall, leaves start to change colors and start going everywhere. During windy days, the leaves may start making a mess on the road, which could potentially cause hazardous driving conditions. During rainy conditions, the combination of a slick road and leaves will impact your vehicle’s traction and potentially cause an accident.

Fading Light

Once Daylight Saving Time Is Over, it’s likely that you will spend more time driving in the dark. Driving in the dark can be much more dangerous than driving at night because of several variables, including altered color recognition and depth perception.

Fog

If you are getting an early start by driving in the morning, there may be a high density of fog on several days. Fog can reduce your vision. There is also a chance that other drivers around you may put on their high beams, which can also impact visibility.

Animals

As you are driving through different parts of North Carolina during the Fall, you may encounter a deer. Colliding with a deer has the potential to do serious damage to your car, so be careful.

Back To School Traffic

The Fall means that children are heading back to school. Be sure to move cautiously through any school areas. Also, be prepared to deal with some traffic if you are driving on the highway in the morning.

Wayne Realty & Insurance Co Inc. Is Proud To Serve You For more information, visit our website today!

How Group Health Insurance Policies Impact Small Businesses

Based in Goldsboro, NC, Wayne Realty & Insurance CO Inc. assists the community through providing different insurance coverage options. We are committed to helping our clients find the insurance solutions that they are looking for. We have established successful partnerships with several carriers throughout North Carolina.

Group Health Insurance

We are aware of the state and federal health care laws. We strive to use our knowledge to inform people about everything that group healthcare insurance entails. Group health care insurance is a major asset for small businesses.

If you are a small business owner, the policy allows you to cover all of your employees under one plan. The policy comes with unique benefits that are not available in other health insurance policies. Your employees are given a network of doctors that they can choose from to be their primary care physician. The employees are also free to search for a doctor outside of the network if the business chooses a different policy. There are also different metal levels: gold, silver, and platinum, related to the coverage in the policy.

Make sure that you give your employees enough time to look over the policy before making a decision. If you have a diverse workforce, consider choosing a hybrid policy that allows you to meet the needs of every employee. Keep in mind that your employees are still covered for a few months in the event that they leave your business due to North Carolina’s Continuation Law.

Due to the flexibility of group health insurance policies, you have the opportunity to attract and retain high-quality employees by offering them this type of coverage. Not only do you have the opportunity to take care of your employees, but you can also gain an advantage over other small businesses in the industry.

Wayne Realty & Group Insurance CO Inc. Will Help You

If you are a small business owner in Goldsboro, NC, visit our website to learn more information about how we can assist you.

Who needs commercial insurance in Goldsboro?

Those that own or manage a business in the Goldsboro, NC area will have a lot of important decisions to make. One important decision will come when deciding how to insure and protect their business. One great way to do this is with commercial insurance. There are several situations when having this coverage is necessary. 

A Business With Investors and Lenders

One situation when you are going to need commercial insurance in the Goldsboro, NC area is when you have lenders or investors. Commercial insurance provides very valuable protection to a business and could help to keep them solvent. Due to this benefit, any lender or investor is going to want to ensure that you have this coverage as it will protect their investment and collateral. Due to this, most lenders and savvy investors will have specific insurance requirements that need to be met. 

A Business with Employees

You are also going to need to have commercial insurance if you have employees that work for your organization. A business that has a certain amount of employees in North Carolina needs to provide workers compensation insurance. This part of a commercial insurance plan helps to ensure that staff and team members are cared for if they get hurt or sick while at work.

There are a lot of situations when a business owner in this area of North Carolina will need to get commercial insurance for their organization. If you are looking for a new policy and need guidance and support, you should reach out to the team at Wayne Realty & Insurance Co Inc. to learn more about how they can help you. The insurance team at Wayne Realty & Insurance Co Inc. is available to answer any of your questions and ensure you receive the right coverage for your situation. 

Is umbrella insurance only for the rich?

Umbrella insurance is one of the least understood types of insurance. If you don’t understand what umbrella insurance can do for you and what protections it provides, you aren’t going to feel the need to have an umbrella insurance policy. Many people have the mistaken idea that an umbrella policy is only for the rich, nothing could be farther from the truth. Anyone who owns anything can benefit from an umbrella insurance policy. The experienced staff at Wayne Realty & Insurance Co Inc. in Goldsboro, NC will be happy to explain all the benefits that an umbrella policy has to offer. 

If you think about an umbrella and how it protects you from the weather, you have a basic idea of what an umbrella insurance policy can do for you and the assets you have accumulated. Umbrella insurance is an additional liability insurance coverage. It is not a type of insurance that stands by itself. It is in addition to another policy that has liability coverage such as commercial, vehicle, or homeowner. In the event that legal action is filed against you, your original policy will cover you up to its limit and then the umbrella policy will kick in. 

You don’t have to be rich to have assets. If you own a home or have a savings account, you could lose that asset if you are sued and you don’t have enough coverage. Why take the change when an umbrella policy offers affordable protection? 

If you think that you would like to hear more about what an umbrella can do for your peace of mind, give the team at Wayne Realty & Insurance Co Inc. in Goldsboro, NC a call and let one of their dedicated employees give you the information you need. As independent agents, they have the ability to offer more choices and find the perfect policy for you at a price you can afford. 

Group Health Insurance for Residents of North Carolina

Are you an employer in search of a group health insurance plan for your company? Are you an employee trying to figure out what group health insurance policy will best meet your current needs? Then you’ve come to the right place! The agents at Wayne Realty & Insurance Co., Inc. in Goldsboro, NC have years of experience helping both employers and employees understand group health insurance. They are friendly and customer service-oriented and have ample knowledge of employer and employee rights to healthcare.

Whether you’re a new company and it’s your first time offering a group health insurance policy or an employee who is unfamiliar with this type of policy, agents at Wayne Realty & Insurance Co., Inc. in Goldsboro, NC are ready to assist you!

Why consider group health insurance? For starters, it’s often less expensive than individual insurance plans, which makes it more cost-effective for small businesses. Don’t let the name fool you – just because it’s called “group” insurance doesn’t mean there is only one option available. Contact the agents at Wayne Realty & Insurance Co., Inc. in Goldsboro, NC to learn about the different plans and eligibility requirements for companies and employees in North Carolina.

Now that you know that group health insurance plans typically offer multiple options, it is time to find a plan that fits your specific needs. So where do you begin? Don’t delay – call or make an appointment with the agents at Wayne Realty & Insurance Co., Inc. in Goldsboro, NC today! With their expertise and guidance, you can rest assured that you will find a group health insurance policy that covers both you and your employees’ needs.  

How General Liability Insurance Protects Your Small Business

Entrepreneurs love the excitement of creating and promoting a new product as a small business owner. Wayne Realty & Insurance Co Inc. of Goldsboro, NC can help with securing the right amount of general liability insurance for your new business venture. The broadness of the coverage will be based on the businesses’ specific needs. 

Common General Liability Insurance Coverage

All small business owners should have some form of general liability insurance in order to survive in today’s tough marketplace. A policy offers a broad amount of coverage that protects a small business from a number of different risks and obstacles that come with opening your doors to the general public each day.

General liability insurance will cover all legal costs associated with a potential lawsuit. Without the coverage, a final judgment or financial settlement to a civil dispute could cost a large amount of money and force the closure of your business. It’s important to remember that not every general liability insurance policy is absolute. To protect your small business, you will need certain terms in the agreement to gain full coverage. 

Common General Liability Insurance Terms

The most common term of general liability insurance is "third party property" damage claims, which could involve a possible lawsuit for damaging a client’s or customer’s personal property. Often, the unfortunate accident is a result of normal business practices taken by one of your employees. 

Another common term is "regardless of fault" as general liability insurance protects a small business if an individual or employee is injured on the storefront property. Common examples include a customer slipping on a wet floor without any caution signs shown in full view. Or an employee getting injured while executing their job’s daily tasks. General liability insurance coverage will pay for all medical care and either repairing or replacing personal property that was damaged in the process. 

Small business owners are constantly looking at the bottom line and trying to make the best financial decisions for their business. Wayne Realty & Insurance Co Inc. of Goldsboro, NC can create different general liability insurance policies that fits within your businesses’ budget. We want to protect your investment with the best coverage on the market today. Call and let us help. 

Which Type of Assets Are Included in a Property Insurance Policy?

Property insurance is something purchased by homeowners in Goldsboro, NC on a daily basis. Do you have a good handle, though, on exactly what types of assets are covered in such a policy? Why is it important to be aware of property insurance as a coverage category and what should you be looking for when the time comes to make a purchase of your own?

When you hear the term property insurance, it is a widespread phrase. Property insurance is going to cover a number of different policies that will give you protection as a property owner. This can include things such as homeowners insurance, renters insurance, and more.  

Generally speaking, the types of assets that will be covered with a property insurance policy include your property itself, as well as potentially the contents within it. Think about the home that you own. You could also look at it from the perspective of an inland marine policy to cover a boat. You may have a property insurance policy to cover the home or the boat, and if damage took place then it could cover that loss.  

That same insurance loss is something that you could also extend to the contents within the home or the boat. If you have a lot of personal content or property, you could file that under a personal property insurance claim.  

When you see the value of personal property insurance coverage as a category of insurance, you see why so many enjoy the benefits that go along with it. You get coverage for your home or whatever other property you are insuring, as well as coverage to protect the contents within. Work with the team at Wayne Realty & Insurance Co Inc. to learn more today.

When is Home Insurance Required in North Carolina?

Those that live in the Goldsboro, NC area should consider purchasing a home to live in. There are many long-term benefits that come when you own a property in this town. If you are going to purchase a home, you should carefully consider your home insurance needs. There are several situations when having home insurance will be a requirement for you to carry. 

When you Have a Loan

One situation when having home insurance is required for your Goldsboro, NC area home is if you have a loan out against the property. A home insurance policy is important for anyone as it will ensure you have the ability to rebuild or replace your home if it is severely damaged. In some situations, it can also be used to pay off the mortgage. Due to this, your lender will require that you have home insurance to ensure the collateral is protected. 

Association Rules

Another situation when you may be required to have home insurance is if you live in a home association. Most home associations have some stipulations that require you to have home insurance. The home associations may want you to have this because it will ensure you can rebuild your home if it is damaged or covers a claim if you were negligent and cause damage to another person’s property.

There are many reasons why someone in North Carolina will want to have home insurance. If you believe that you need to have insurance on your home, you should contact the team at Wayne Realty & Insurance Co Inc. for your insurance needs. The insurance professionals at Wayne Realty & Insurance Co Inc. can evaluate your needs and help you to find a policy that provides you and your home with the right protection. 

How To Determine How Much Commercial Insurance Is Necessary

Shopping for commercial insurance can be confusing, especially for new business owners. Selecting the right type of policy and coverage is the key to protecting yourself from potential losses. The best way to get adequate coverage without gaps is to consult with a professional insurance agent who can guide the client through the purchase process. One of the top questions shoppers have is how much commercial insurance coverage is enough for their situation.

How Much Coverage is Enough?

Getting adequate coverage is the primary goal when purchasing commercial insurance. The first step is to identify the value of the physical location and then the equipment and inventory located on the premises. This process may take some time if there is a shared location and extensive inventory and equipment. A round figure should be calculated, and the next higher available amount should be chosen. It’s crucial not to underinsure because incidents can cause expenses to pile up, and out pocket expenses could mean disaster for some business endeavors. 

Get Assistance With Commercial Insurance

Commercial insurance is a broad term for diverse business coverage. These types of policies can be tailored to fit many different types of businesses and are meant to provide a greater amount of security from risks and unexpected damage to the building or equipment. To get the right coverage, check out Wayne Realty & Insurance Co., Inc. serving Goldsboro, NC. We can outline current needs and match them with common sense policy coverage to protect a business and help avoid gaps. 

Get comprehensive commercial coverage today with the help of Wayne Realty & Insurance Co., Inc. if you live or work near the Goldsboro, NC area. We have the products and answers you need to stay protected.