Name: Lee Insurance Agency LLC
Address: 119 W South Railroad St, PO Box 1212, Four Oaks, NC, 27524
Telephone: 919-963-2059

Legally Required Commercial Insurance in North Carolina

Posted on January 27, 2025January 23, 2025 by admin

Both federal and state laws require each business to purchase certain types of commercial insurance. At Lee Insurance Agency LLC in North Carolina, we want our customers to understand which commercial insurance policies a business must purchase to remain in legal compliance. Most businesses in the state need three legally mandated policies, but each requirement only applies when a business meets certain conditions.

Hiring Employees and Buying Workers Comp Coverage

In North Carolina, if a business hires three or more employees, it must buy a workers’ compensation policy, according to the North Carolina Industrial Commission. State law makes a few exceptions for small farms and domestic labor situations, but in most cases, any business with three employees must carry workers comp. Let us help you determine if your business meets any of the exceptions and help you find the right policy if it doesn’t.

Commercial Auto Insurance

A business with one vehicle or a fleet of them must buy commercial auto insurance. Like personal auto, it carries a minimum requirement of coverage. A company’s commercial auto policy must provide at least 30/60/25 coverage.

Flood Insurance for Businesses

Federal law requires anyone with a mortgage loan from a federally insured lender to purchase flood insurance if their property lies within a federally designated flood zone A, AE, V, or VE. Many individuals misunderstand this, thinking of flood insurance for homes. Let us help your business obtain the coverage it needs for your building and contents. If you lease your office or retail space from a landlord, we can help you obtain contents-only coverage.

Contact Us Today

Don’t go even one day without the insurance your business needs to remain legally compliant. Call or email Lee Insurance Agency LLC to build a commercial policy that protects your North Carolina business.

Can You Bundle Classic Cars Under One Policy?

Posted on December 23, 2024December 19, 2024 by admin

A standard classic car insurance policy may not suffice for classic car owners with more than one treasured vehicle. So, how does insurance change for collectors with multiple cars? Can more than one car be bundled under a classic car insurance policy? What are the benefits? Let’s delve into whether this is possible, why you might want to consider it, and why you should choose Lee Insurance Agency LLC in Four Oaks, North Carolina, for your classic car insurance needs.

Bundling Multiple Classic Cars Under One Policy: A Yes!

If you own multiple classic cars, you don’t need to get a separate policy for each. Many insurance providers allow you to bundle your classic cars under one policy. The primary advantage of this is cost reduction. Insuring all your classic cars, especially rare or customized ones, can be expensive. Bundling them together ensures they’re protected while saving you money. However, ensure that your chosen provider can cover the number of cars you own. If you own numerous cars, you might not be able to bundle them all under one policy and may need multiple bundled policies for full coverage. Keep this in mind when shopping for classic car insurance.

Protect Your Classic Cars with Lee Insurance Agency LLC

At Lee Insurance Agency LLC in Four Oaks, North Carolina, we’re always ready to help you find the right classic car insurance for your collection, whether bundled or not. Contact us or compare quotes with us today!

Renters Insurance Add-ons

Posted on November 25, 2024November 21, 2024 by admin

When you rent a home or apartment in North Carolina, you likely want to make it as comfortable and enjoyable as if it were your own. This might involve adding personal touches like a built-in bookshelf or lawn furniture. Your renters’ policy from Lee Insurance Agency LLC can help protect your investment in your rented home with add-ons and personal property scheduling.

Understanding Renters Policies

Your landlord’s insurance covers damage to the home or apartment but doesn’t protect your furnishings, personal belongings, or liability. That’s where your renters’ insurance comes in. Most policies provide about $1,000 of personal property protection. You can increase this coverage, but it still might not fully cover some items.

Coverage for Home Business or Home Office

To address this issue, policyholders can enhance their basic renters’ insurance with add-ons that cover a home-based business, expensive items requiring scheduling for full coverage, or replacement cost coverage. For instance, if you operate a business from home or work from home using your own equipment, adding a rider, also known as an add-on, for a home business or home office provides specific coverage for your business equipment and business liability.

Replacement Cost Coverage

A rider for replacement cost coverage ensures that if a peril named in the policy damages or destroys your personal property, you’ll receive the full replacement cost of the item upon filing a successful claim. Typically, insurance companies pay the depreciated value.

Scheduling Items

Lastly, schedule items that would be expensive to replace. Many people choose the jewelry add-on and schedule their engagement ring at its full replacement value. It’s also common to schedule photography equipment, audio/visual equipment, and any costly hobby equipment, such as power tools or film-developing equipment.

Contact Our Agency Today

Let your Lee Insurance Agency LLC agent help you add coverage to your renters’ policy today. Call or email our office to protect your belongings in your rented North Carolina home.

How Your RV Lifestyle Affects Insurance: Full-Time vs. Weekend Warrior

Posted on October 21, 2024October 18, 2024 by admin

Embracing the RV lifestyle allows you to explore new sights, visit popular attractions, and journey on the open road. However, whether you’re a full-time traveler or a weekend warrior, RVing comes with unique insurance needs. Understanding these differences can help ensure that you have adequate coverage. Lee Insurance Agency LLC, located in North Carolina, offers comprehensive RV insurance to meet all your coverage needs.

Insurance Considerations for Full-Time RVers

If you live or travel full-time in your RV, your insurance needs may be more extensive. Full-time RVers often have more assets at risk, making higher liability limits essential. This liability coverage can help protect you against potential lawsuits from injuries or accidents that may occur while living in or using the RV.

As a full-time RVer, you’ll also want coverage for your personal items and any home-like amenities. Insurance should generally cover your personal belongings, furnishings, and other items in your RV, such as electronics, appliances, and outdoor gear.

Insurance Considerations for Weekend Warriors

If you only use your RV occasionally, such as for camping, your liability limit requirements will likely be lower. As these trips are short, you can choose a lower liability limit that will provide just the right amount of coverage you’ll need based on your risk level.

Insurance needs for weekend warriors are centered around seasonal use. This means that coverage should be tailored to protect your RV during months of activity rather than year-round.

Let Us Help You Choose the Right Insurance

Whether you own a Class A RV, traveler trailer, fifth wheel, or other recreational vehicle, we can help you find a policy that meets your coverage needs. Call the Lee Insurance Agency LLC in North Carolina at 919-963-2059.

I Rent My Home. Do I need Flood Insurance?

Posted on September 30, 2024September 26, 2024 by admin

You’ve finally found the perfect rental, and as you read the lease agreement, it states that you are required to carry flood insurance. You might think, "Why do I need to carry flood insurance? I don’t own the property." The Lee Insurance Agency LLC team serving North Carolina has some helpful information for you.

You’re correct that property owners must have insurance coverage, but it only covers their belongings and property, not yours. If there’s a flood and your belongings inside the building are damaged, you aren’t protected without proper flood insurance. It’s important to note that you are not required by North Carolina law to carry renters’ and flood insurance. Still, it’s wise to add it to protect yourself and your property, especially if you live in one of North Carolina’s high-risk areas.

Flood Insurance Protects You and Your Belongings

Flood insurance covers all your belongings like furniture, art, bicycles, electronics, and clothing. As previously mentioned, if your rental incurs flood damage, flood insurance will also help cover temporary relocation costs like hotel and food expenditures until you can move back in. It also protects you against liability, meaning if someone gets injured, you could be responsible for expensive medical and legal costs depending on the incident.

Flood Insurance Provides Peace of Mind

When weighing the pros and cons of having renters and flood insurance, the pros always prevail. Floods don’t happen daily, but when they do, it devastates you and your family. The experienced team at Lee Insurance Agency LLC, serving North Carolina, will work with you to find the right flood insurance coverage at a reasonable premium. Contact us today.

Which Family Members Most Need Life Insurance?

Posted on August 30, 2024August 22, 2024 by admin

The topic of which family members require life insurance most often deters people from having a fruitful discussion due to emotional involvement. However, it is important to set emotions apart and think practically to ensure the financial security of our families in times of sudden mishaps. The conversation should pivot around analyzing the financial impact of each family member’s death. If you are contemplating life insurance and reside in North Carolina, consult our Lee Insurance Agency LLC team.

Who in the Family Requires Insurance?

Typically, depending on their roles in the family, not all family members require life insurance. The need greatly varies, and even family members with no external income might have significant contributions that may be financially cumbersome to replace upon their death.

The ensuing discussion of various familial roles can help you contemplate the need for life insurance in your family and prioritize the ones whose loss would cause significant financial distress.

Breadwinners: Who brings in the household income? Can the family manage without their income?
Caregivers: Who takes care of the dependents in the family – children or elderlies? What would be the cost to hire external help for the same care?
Medical History: Are there any hereditary health issues that might affect the eligibility of a child for life insurance in the future?
Final Expenses: Can you afford the final expenses of a deceased family member?
Family Business: If you co-own a business with family members, does the business succession plan have the necessary funding?
Loans: Does anyone in your family have any outstanding debts, either to creditors or other family members?

Why Choose Lee Insurance Agency LLC?

The team of Lee Insurance Agency LLC is committed to helping North Carolina residents formulate a comprehensive life insurance plan for their families. Call us today at (919) 963-2059 to set up a consultation.

Explaining a Total Loss Process in Auto Insurance

Posted on July 30, 2024July 25, 2024 by admin

The total loss of a vehicle is heartbreaking, but understanding the total loss process can help with the headache of what to do in North Carolina. A total loss is called when the repairs are more than the vehicle’s actual cash value (ACV).

Initial Assessment and Reporting

The total loss process begins with reporting the accident to your insurance company. After filing a claim, an insurance adjuster will assess the damage to your vehicle. This assessment includes a thorough inspection to determine whether the car can be repaired or is a total loss. The adjuster writes up an estimate for the repairs and compares it to the vehicle’s ACV, considering these factors: its make, model, year, mileage, and overall condition.

Determining the Actual Cash Value

The actual cash value (ACV) represents the market value of your car at the time of the accident, considering depreciation and wear and tear. Various methods are used to determine the ACV, including industry guides, recent sales of similar vehicles, and market trends.

Settlement Offer and Options

In the case of a total loss, the insurance company will offer a settlement offer where the deductible is subtracted from the ACV. You can accept the settlement and relinquish the vehicle to the insurer, who will then handle its disposal.

Retaining a Salvage Title

In some cases, you may choose to keep the totaled vehicle. If you retain the car, the salvage value is deducted from the agreed-upon amount in the settlement. You must also obtain a salvage title to declare the vehicle a total loss.

Lee Insurance Agency LLC Is There For You

Lee Insurance Agency LLC is here for you when you need insurance information. Our services are available at the North Carolina locations. Call today.

How Commercial Insurance Protects Your Company

Posted on June 28, 2024June 27, 2024 by admin

Taking good care of your company is extremely important if you want it to grow and be successful. There are a lot of different things to consider when operating a company, and you don’t want to put yourself at risk accidentally. If you’re in North Carolina, getting a commercial insurance policy from us at Lee Insurance Agency LLC can help you have peace of mind, focus on other areas of your business, and help it continue to do well.

A commercial policy protects your company from claims made against it, and you don’t want to be without insurance if someone gets injured on your property or there’s a problem with a product or service you provide. You can’t always prevent issues from occurring, but you can reduce their impact on your bottom line and your company’s future by making sure you have a policy that will give you support and help you move past any claims that come your way.

Working with our trusted agents is the right choice for commercial coverage because we can provide quotes from several insurers. Then, we’ll talk with you about which is best for your needs and how often you should update it for continued protection. There’s no reason to settle for worrying about what’s happening to your business when you have ways to stay on top of any serious concerns it could be facing.

Contact us at Lee Insurance Agency LLC today if you’re looking for commercial insurance in North Carolina. We’re here to get you the quotes and information you need, help you make changes to a current policy, or set you up with a new one. The peace of mind and confidence that will give you can be a big part of keeping your business on track.

Classic Cars Meet Modern Coverage in North Carolina

Posted on May 30, 2024May 30, 2024 by admin

Owning a classic car in North Carolina is a special experience, and at Lee Insurance Agency LLC, we know these vehicles deserve the right kind of care and coverage. You’ll want to ensure it’s well-protected while showing off your beauty in Raleigh or taking it for a spin through the Blue Ridge Mountains. Our agency understands the unique needs of classic car enthusiasts and offers tailored insurance solutions to keep your prized possession safe.

Unlike traditional vehicles, classic cars often come with higher market values, making specialized coverage essential. At Lee Insurance Agency LLC, we recommend policies that consider the actual value of your car rather than just the standard market value. This means your vehicle is protected according to its true worth, reflecting its age, condition, and customizations.

Modern insurance solutions also allow for flexibility in usage. Whether you’re a weekend driver or participate in annual shows, we help you find policies that accommodate your lifestyle. With services catering to Greensboro, Charlotte, and all of North Carolina, our agency offers expert advice on liability, comprehensive coverage, and more.

Navigating the world of classic car insurance can be tricky, especially with North Carolina’s specific regulations. That’s why our knowledgeable team at Lee Insurance Agency LLC is here to simplify the process, ensuring you’re equipped with the right information. We prioritize your peace of mind so you can focus on enjoying your classic ride.

Ready to secure the best protection for your classic car? Contact us today to explore modern insurance solutions tailored to your vehicle’s unique needs. Our experts are eager to provide a personalized quote and help you feel confident your prized possession is in good hands.

Renting vs. Owning a Home: Protect Your Property No Matter Which You Prefer – Here’s Why

Posted on April 29, 2024April 29, 2024 by admin

There are quite a few differences between the pros and cons of renting or owning a home, but both should be adequately ensured for your protection. Here are some key things to consider when making a decision.

The Considerations of Renting

Renting allows you to move any time you choose, and getting renters insurance is much cheaper than home coverage. You can also experiment with housing types and neighborhoods. Getting a rental requires a few landlord checks, and buying a home involves lender approval and loans. Renting also makes the landlord liable for making repairs, while owners must handle them personally.

What To Know About Home Ownership

Owning a home allows you the freedom to change the home without landlord approval. It should also be considered that a homeowner can sell the property anytime, forcing you to move to a new home. One of the best perks of owning a home is that you are making an investment that can be sold at any time or passed on to a relative if you desire.

Home and Renters Insurance Are Essential

While renting and owning have benefits and drawbacks, having insurance is a must. Home insurance covers the owner’s interiors and exteriors to minimize out-of-pocket expenses. Renters’ insurance protects the tenants’ possessions should an incident occur. Both policies should cover the inside and outside of the home. Coverage should also protect the occupants’ belongings and persons against injuries.

Insure Rental and Homes with Exceptional Coverage

Regardless of whether you opt to rent or own, it’s important to have the correct type of insurance in place. Rental policies differ from homeowner policies, so be sure to discuss these with one of our experienced agents at Lee Insurance Agency LLC in North Carolina. We’ll help you find the coverage that best suits your needs.