Do I Need Flood Insurance?

Posted on February 15, 2022February 3, 2022 by admin

Given that most homeowners insurance policies exclude flood damage, you may want to consider purchasing an auxiliary policy. In fact, depending on where you live, you may be required to have flood insurance if you are in a high-risk zone.

If your home falls in a high-risk flood area as determined by FEMA and you have a mortgage from a lender, you are legally mandated to have flood insurance. Generally speaking, if your home falls in a moderate-to-low-risk area then you will not be required to have flood insurance, but check with your mortgage lender to confirm. To learn if you need flood insurance, you can use FEMA’s Flood Map Service Center to find out. When looking at the map, keep in mind that it is not updated in real-time so the information may be outdated. If you live in a coastal community, low-lying area, or near a body of water you are more likely to need flood insurance. However, even if you are not required to have flood insurance but live near water you should strongly consider purchasing a policy. The peace of mind afforded by flood insurance is well worth the cost.

Check with your lender or real estate agent to confirm if you’ll need flood insurance. Flood insurance can be purchased through private organizations like Lee Insurance Agency LLC in North Carolina. At Lee Insurance Agency, we pride ourselves on delivering excellent customer service and always putting you first. Give us a call today or stop by our conveniently located office to learn more about our flood insurance offerings. We promise you’ll leave completely satisfied.

Benefits of life insurance for single people

Posted on January 24, 2022February 3, 2022 by admin

Lee Insurance Agency LLC is here for the residents of North Carolina. Our great state has a lot to offer everyone. If you are a single person who is wondering about their insurance needs, it’s time to give us a call.

Life insurance benefits for single people

When most people think about life insurance, they think about families. For many, it is considered a necessity for young families with small children, but not for everyone else. This is not always the case. There are many benefits of life insurance for single people.

For example, if you do not have any immediate family members, your estate will likely have to cover the cost of your burial and funeral. And, if you have an illness prior to dying, there may also be medical costs that you leave behind.

By having a life insurance policy in place, your estate can take care of all of those expenses in an expedient manner. If you choose a permanent policy that includes a cash value, you will be able to reap many benefits of your policy while you are alive. You will be able to access the funds while you are living.

These funds can help you pay for your education, a down payment on a house, or can be used to give yourself a more comfortable retirement. There are plenty of good reasons for single people to have a robust life insurance policy in place!

Learn more about your options today!

Now is a great time to set up a meeting with the team at the Lee Insurance Agency LLC. Let us help you learn more about the life insurance policy options that are available to single people residing in North Carolina. Call or stop by our office today!

Lee Insurance Agency LLC shares 4 facts about flood insurance

Posted on December 13, 2021December 9, 2021 by admin

It’s easy to get sunk by all the myths and misinformation surrounding flood insurance.

Luckily, Lee Insurance Agency LLC is here to throw you a lifeline. Serving North Carolina, their agents hope to set the record straight by examining four facts about flood insurance.

Flood insurance isn’t covered by other policies.

Many people incorrectly assume they’re already protected from flood damage. This is a common misconception. In reality, floods are typically excluded from standard homeowners or renter’s plans. Only a dedicated flood policy covers destruction from rising water. If damage does occur, the building structure and any belongings inside are protected.

Flood insurance is needed for all locations.

Flood insurance is rarely required. But, it’s always recommended. Although flood insurance is often mandated for those who live in a high-risk zone or have a government-assisted mortgage, anyone is susceptible to flooding. In fact, FEMA reports that people in low or moderate flood areas are nearly five times more likely to face a flood than a fire.

Flood insurance isn’t just for homeowners.

Even renters need flood insurance. While a landlord likely has its own policy, this coverage is restricted to just the exterior and structure of the building. Interior damage to furniture, fixtures, or personal possessions would not be protected. Personal flood insurance fills that gap.

Flood insurance is easy to add to existing plans.

Policies are available from the government through the National Flood Insurance Program. These federally-supported plans are issued by local, private companies. Prices will vary based on location, coverage needed, and a property’s overall flood risk. Contact a North Carolina insurance agent to discuss your options.

Call Lee Insurance Agency LLC today

Flooding can rarely be prevented. But, if it does, you can trust you’re protected. Schedule an appointment with one of their experienced agents today.

Why You Should Get Life Insurance

Posted on November 29, 2021December 9, 2021 by admin

Life insurance might be something many people do not enjoy thinking or talking about, but it can be of the utmost importance to your loved ones after you pass away. No matter how uncomfortable, it is never too early to look into life insurance.

Lee Insurance Agency LLC in North Carolina is happy to help you look into life insurance options. We can show you several quotes from our different providers and walk you through them every step of the way.

Reasons to get life insurance

There are a couple of big reasons why you should get life insurance, some of them we listed below:

You are the main breadwinner in your household

If you are the breadwinner at home, this usually means that the rest of your household depends on your money. Depending on how big your life insurance is and how high your salary is, your insurance can help your family out, especially in the case of an unexpected death.

You have unpaid long-term debt

Even if you have been paying off your debt slowly for a long time, if you die with debts, there is a good chance they are not automatically written off. For that reason, do not leave your loved ones with the financial burden of your debts and get your life insurance to cover it.

Funeral costs

The time right after losing a loved one can be tough, and funeral costs can be very high. Take the financial stress out of your funeral and get your life insurance to cover your funeral costs.

If you are ready to discuss life insurance options, call Lee Insurance Agency LLC in North Carolina when you can.

Overlooked Auto Insurance Facts To Consider

Posted on October 15, 2021October 11, 2021 by admin

Lee Insurance Agency LLC provides coverage to North Carolina residents. We offer our clients a wide range of policies designed to meet their individual needs. We enjoy helping the local community, and we are confident that we can help you find the policies you need to protect what matters most.

Overlooked Auto Insurance Facts

Auto insurance gives you a layer of protection as you travel around North Carolina and beyond. Operating a vehicle is considered high risk because there are a lot of variables on the road. You have to account for the road conditions and other drivers. Auto insurance covers your vehicle if you are involved in a collision. Liability coverage protects you if you are ruled to be at fault for someone getting injured in an accident or causing property damage. As you research auto insurance policies, remember these often overlooked facts.

Possible Exclusions

Before you choose an auto insurance policy, learn about exclusions. Exclusions are situations where you may not be protected if something happens to your vehicle. One common example is any damage that happens to your vehicle due to poor maintenance.

Commercial Coverage

If you plan to use your vehicle for business-related purposes, you will need to obtain a commercial policy. Traditional auto insurance does not cover your vehicle if it suffers damage while you are on the job.

Parking Tickets Aren’t A Major Factor

Generally, you should strive to keep a clean driving record. Perhaps you have heard that receiving a parking ticket may impact your auto insurance rates. This is not entirely true. One parking ticket will not alter your auto insurance rates, as long as you avoid getting into an accident.

Lee Insurance Agency LLC Will Help You Stay Safe On The Road

Visit our website to learn more information about auto insurance.

Should You Get North Carolina Life Insurance if You Are Covered at Work?

Posted on September 30, 2021October 11, 2021 by admin

One of the key reasons that a lot of people avoid getting life insurance is because they have life insurance through their work benefits. Here it is called group life insurance, with a typical cap at approximately 2 years of the annual salary. For many, this would be considered a stipend in the event of a passing in the family.

At Lee Insurance Agency LLC, we want North Carolina residents to have as much coverage as they need for their families. It is never a bad idea to get more life insurance if you can, and there are ways to determine if you should top up your group life insurance

Dependents and Mortgage Expenses

Your life circumstance will help you to determine if you need more life insurance. If you have dependents that you want to take care of with income replacement if you die, another life insurance policy is a smart choice.

You may also have a mortgage, in which case you would want that expense covered for them after you pass. A group life insurance policy is usually not able to meet all of those needs.

Job Changes

Another key reason you may want additional life insurance is if you are concerned about your job security. In this day and age, most people are. If you are not sure about your job position, you may want additional life insurance.

You don’t need to feel your job is at risk for this. You may change jobs on your own in the future. If you aren’t sure, consider getting more life insurance.

Get a Quote

When you are working and are a member of a group life insurance policy, it is natural to wonder if this is enough. It probably isn’t, particularly if you are concerned about any part of that policy. At Lee Insurance Agency LLC, we can help North Carolina residents get all the life insurance coverage that they need, even if you have group insurance. Call us for a quote today.

Are There Drivers Who Don’t Need Auto Insurance?

Posted on August 16, 2021August 8, 2021 by admin

At Lee Insurance Agency LLC, we get asked all the time if there isn’t some kind of alternative to car insurance. Many people even wonder if specific drivers don’t have to be insured. In this state, you need to be insured…unless you’re willing to spend more money on an alternative way of keeping your car safe. Here’s what you need to know.

Insurance is Mandatory in North Carolina…Except When…

While North Carolina is one of the 48 states in the nation that requires people to buy car insurance, they are also one of a handful that allows people to purchase bonds instead of an insurance policy. How does this work? Individuals who don’t want insurance pay into a bond provided by a surety company.

Then, when an individual crashes their car or needs any repairs, they get money directly from this bond instead of an insurance company. However, they must eventually pay back the money in this bond to keep it at a set value. In this state, the minimum amount is $85,000 for uninsured drivers.

So, while this is a valid and legal option for drivers in this state, it is expensive. And it can affect a person’s credit score. For example, drivers without car insurance may find their score declines, even if they have a surety bond that helps pay for any damage that their car may experience.

It Is Best to Stay Insured

While surety bonds may be a good choice for some people, we at Lee Insurance Agency LLC believe that insurance makes more sense. So if you want a policy and would rather not invest in a surety bond instead, please call us today to learn more. Our team will help set you up with a high-value policy that makes sense for your needs.

What Does Boat Insurance Cover?

Posted on July 30, 2021August 8, 2021 by admin

Most people do not pay attention to boat insurance, as the number of boat accidents is few, and it is not mandatory in most states, including North Carolina. However, having boat insurance can come in handy because you are exposed to various risks from which you need protection. As Lee Insurance Agency LLC explains, here is what is covered under boat insurance.

Physical Damage

It helps cover damage caused by different perils like fire and vandalism. Also, if your boat is stolen, whether on land or water, this coverage can help replace it. Since the owner bears the responsibility of taking care of their boat, normal wear and tear are not covered under physical damage coverage. However, physical damage covers things like batteries, motors, anchors, and safety equipment such as fire extinguishers.

Medical Payment Coverage

Suppose you get into an accident where either you or your passengers get injured. In that case, this type of coverage helps take care of the resulting medical expenses, including hospital bills, medication, and X-rays.

Liability Coverage

If you cause damage to other people’s boats or structures while sailing, your boat covers any arising expenses you might incur. Liability coverage can also provide protection when a third party is suing you for damages, where it helps cover legal fees or a settlement. As a policyholder, it is always a good idea to talk to your agent first before purchasing coverage.

Uninsured/ Underinsured

Considering that boat insurance is not mandatory, it is possible that you may get into an accident with someone uninsured. In other cases, the other party might also be uninsured. This type of coverage helps cover any expenses arising from such an accident.

If you are a boat owner in North Carolina, consider the peace of mind you might enjoy as you sail in a boat, knowing you are fully covered. Contact us today at Lee Insurance Agency LLC where we can help you choose a suitable policy.

Does my car qualify for classic car insurance?

Posted on June 22, 2021June 22, 2021 by admin

You may have purchased a fabulous older vehicle that you love and want to protect. You may have purchased what others considered an old junker, but you restored it to its original pristine glory because you are just that talented of a mechanic and bodywork artist. Depending on its age, you might need to purchase classic car insurance for it from Lee Insurance Agency LLC of North Carolina.

Obtaining classic car insurance means you buy a policy with an enhanced replacement value that limits the mileage you can put on the vehicle annually. Typically, this limits you to 1,000 driving miles per year.

Classic car insurance policies use agreed-upon value coverage. That provides you with the amount you would receive if your vehicle got totaled in an accident. This amount is based on an appraisal of the vehicle conducted at the time you obtain coverage. You can opt for a cash settlement option which lets you use the money obtained if the vehicle gets totaled or stolen any way you want.

The classic car policy will also cover items like you driving the vehicle in parades or showing it at car shows. The car show component also includes medical coverage in case someone becomes injured while using or interacting with your vehicle.

The same policies cover an expert mechanic who specializes in classic or exotic vehicles. You also get spare parts coverage so if your car incurs damage or a thief steals a part off of it, the replacement part is covered. This means an original part, so your classic remains a classic. Your insurance will cover OEM parts only.

Not all cars qualify for classic car insurance. Age provides one valuation criteria, but increased value over time provides another. Rarity provides the final component.

You can purchase add-ons for your policy that increase the replacement value. Otherwise, you would pay the difference out of pocket in the case of an accident.

These policies also cover roadside assistance and a no attendance required component. That protects your vehicle at a car show when you must step away from it. You have to go to the bathroom or get something to eat sometime.

Contact Lee Insurance Agency LLC serving North Carolina to learn more or obtain a classic car policy for your vintage vehicle.

Unexpected Lawsuits Your North Carolina Umbrella Insurance Will Cover

Posted on May 27, 2021May 27, 2021 by admin

Umbrella insurance is the insurance you get when you know the caps on your existing liability and property insurance won’t cover worst-case scenarios. Umbrella insurance functions metaphorically as an umbrella to cover you when it rains big problems. You might be found at fault for a problem you wouldn’t even imagine ever happening to you.

At Lee Insurance Agency LLC, serving North Carolina, we know that you might need an umbrella on occasion but aren’t sure why. Here are some examples of unexpected lawsuits that your North Carolina umbrella insurance will cover.

Car Accident Liabilities

You know the basics of auto accident insurance in North Carolina. In most cases, your car insurance will pay for the damages from an accident.

If you are found to be liable, your insurance will pay for that too. Let’s say your car accident winds up breaking someone’s legs. Your insurance will pay for those medical costs.

But what if the legs that broke in the accident were gold medalist legs, and you wound up taking someone out of competition for the next four years. We’ve got an umbrella insurance policy for you because that’s an expensive problem.

Social Media Liabilities

Umbrella insurance is commonly used for defamation problems, but you could also be sued for harassment and pain and suffering. This happens a lot to people that say the wrong thing at the wrong time in a public forum.

Perform a random search online with social media outlets and the phrase "lawsuit," and you may be surprised. Someone could cash in on one of those comments. There is umbrella coverage for that.

Renters Insurance

Sometimes when there’s a problem in an apartment building or rented home, there are many problems. Property damage occurs. Someone that came to look at that slips and falls, and the problem never ends. This is another area that umbrella coverage is for.

Get a Free Quote

The thing about umbrella insurance is that it is there in case of emergencies. There are millions of potential emergencies you could have. Get a free quote from Lee Insurance Agency LLC serving North Carolina. We will make sure you are covered. Don’t let lawsuits turn into a life crisis.

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