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.
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.
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.
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.
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.
Umbrella insurance is a type of liability insurance that goes beyond the limits of home, auto, or boat insurance. It is also known as excess liability insurance. Primarily it offers an additional layer of security for those who are at the risk of being sued for damages such as property damage or injury caused by an accident. Those who own expensive assets, have significant savings, or own things that can be dangerous to others will benefit most from this type of insurance.
The typical clients of umbrella insurance are landlords, kids sports coaching companies, nonprofit board members, high-risk sports such as hunting, surfing, etc. You might end being sued more than you have or more than any of the insurance can cover, that’s where the coverage of an umbrella policy kicks in. Without such type of insurance, they could go after your retirement, investment, savings, and future earnings. It can be beneficial when the original insurance coverage has been fully maximized. The umbrella insurance picks up where other insurance ends. The exact nature of the policy will depend on which policy is picked.
To better guide you through this decision or to check if you need this type of insurance, Wayne Realty & Insurance, serving Goldsboro, NC, are experts in the field of umbrella insurance and local regulations of the state of North Carolina. This is a more complex insurance and one which would require detailed analysis. You must seek the assistance of experts to get the best insurance policy suited to your needs. Contact the office of Wayne Realty & Insurance and let our agents help you get started.
Property insurance is a general term that typically refers to the coverage of personal property in case it’s damaged or stolen. If you’re in Goldsboro, NC and what to know more about how to protect your possessions, Wayne Realty & Insurance Co., Inc. wants to help you with the answers.
Things Worth Protecting
Because we don’t purchase everything all at once, we tend to forget the collective value of all of our things. But this assumption can be dangerous if it’s put to the test. If your home burned down, would you be able to replace all of your electronics, jewelry, and clothing without any trouble? Chances are, it would be costly to even replace a fraction of what you already have. Whether you rent or own, property insurance is designed to give you a way to protect your things if you lose them for a covered reason.
Getting Ready for the Future
If you’re interested in property insurance, there are a wide range of policies from which to choose. Whether you want to cover your things against flooding, hurricanes, earthquakes, etc, you can speak to an insurance professional to learn more about what’s available. You can also ask questions about the individual property to understand more about how everything is valued. For example, perhaps you have a table that you took the time to restore and paint. You can request a customized policy consideration to ensure that you receive what everything is really worth.
If you have questions about which property insurance is right for you, Wayne Realty & Insurance Co., Inc. can be of service. We help the people of Goldboro, NC get the information they need so they can rest easy. Give us a call today to learn how to protect your material investments.
Protecting your family is of the utmost importance. When you have the right health insurance policy, it’s easier to get people to the doctor or the hospital when necessary. There’s no telling when something’s going to happen, so you need to know that the coverage is there throughout the year.
At Wayne Realty & Insurance Co., Inc., we are here to help you find a policy that you can rely on in Goldsboro, NC.
Getting the Right Coverage
You want to make sure that you are able to get your family the healthcare that they need in Goldsboro, NC. This includes being able to go to the doctor when they are sick, getting immunizations when they travel, and getting to the ER when they have been injured. Not all insurance policies work the same way. As such, you need to make sure you have the right health insurance based on all that can happen – as well as any pre-existing conditions that are in place.
Explore the Costs
It’s important to make some comparisons between the different health insurance companies and policies that are offered. From HMO to PPO to cost-savings plans, the plans can vary dramatically. It’s easy to go with the most affordable premium. However, you want to make sure that is providing you with the right policy. This is why you need to explore all of the costs.
In addition to the monthly premium, you need to look at what your co-pays are as well as what prescriptions will cost. Otherwise, you may find yourself paying more per incident even though your premiums are lower than what they would be with another plan.
Rather than being overwhelmed by the whole process, you can ask for help. Independent health insurance agents can answer all of your questions.
Contact us at Wayne Realty & Insurance Co., Inc. today to learn more about health insurance policies. We can walk you through the process and ensure that you get a policy that will protect the entire family.
Buying commercial insurance should be easy, but with so many types of insurance, it can seem harsh. Wayne Realty & Insurance Co., Inc. wants to help you make sure your Goldsboro, NC business remains adequately covered. This blog explains how to protect your inventory and office equipment which is typically not entirely covered under a standard commercial policy.
Most companies start with a commercial property insurance policy which ensures that they get reimbursed for damage caused by covered hazards. But, what do you do if your equipment breaks down from wear and tear? What if mice get into your inventory?
It happens, and commercial insurance covers it. Be sure to ask about breakdown insurance and business inventory insurance. Breakdown insurance covers damages caused from the inside. Whether a power surge or electrical short causes the breakdown, it is covered. If your equipment’s motor burns out, this insurance covers it. Cases of general mechanical breakdowns and those caused by operator error also get included.
Inventory insurance provides for the replacement of your inventory at its current or replacement value. Current value means you will receive the depreciated value of the item. It costs you less in premiums but can result in much smaller payouts if you need to file a claim. On the other hand, insuring your inventory at replacement value means you would receive the full amount it would cost to purchase new inventory. This means a lot if one or more raw materials required for manufacturing the product has gone up in costs. It would significantly increase your outlay to get new inventory, but it is covered if you chose replacement cost insurance. That makes the higher premium worth it.
Contact Wayne Realty & Insurance Co., Inc. to learn more about protecting your business’ inventory and equipment. We can help you keep your business going, even when a disaster strikes your Goldsboro, NC business.
Wayne Realty & Insurance Co Inc. In Goldsboro, NC
Simply stated, umbrella insurance protects you and covers liability amounts that exceed the basic level of insurance. This convenient and worthwhile type of insurance protection can be attached to a commercial insurance policy or a homeowner’s insurance policy. While these two types of insurance policies are generally the type which would include umbrella insurance as an attachment, you can speak with an insurance agent about attaching umbrella insurance to just about any insurance product.
Umbrella insurance is an added benefit because it gives you peace of mind regarding what would happen if your liability exceeds a basic level.
With that being stated, umbrella insurance by region can vary widely. People who live in inclement weather areas tend to add umbrella insurance to their home insurance in case calamity happens with an extraordinary weather event. Individuals on the West Coast may attach an umbrella insurance policy due to the occasional earthquake. If brush fires are prevalent there may a need to add umbrella insurance in that region.
Speak with your agent today to learn more about regional differences and how umbrella insurance can make certain you are prepared.
Before the downpour happens to come in to see us at Wayne Realty & Insurance Co Inc. We aim to be comprehensive service agents so you might feel the protection everywhere. However, in terms of our physical logistics, we are located in Goldsboro, NC 27530. Stop in or give us a call today. Working on your policy ahead of time will ensure that you are insured for whatever extra heavy rainfall may be in your forecast. Your umbrella insurance is designed to cover you in the event of something unforeseen, as well.