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Young Insurance Associates, Inc.

3824 Barrett Dr, Ste 101
Raleigh, NC 27609

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15720 Brixham Hill Ave, Suite 300
Charlotte, NC 28277

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When should I start considering an umbrella insurance policy?

Umbrella insurance is a key consideration for a variety of people. However, it becomes an even more important investment when you have substantial assets or property holdings. A good rule of thumb is to start considering an umbrella policy purchase when your total assets exceed the amount of liability insurance you possess. This includes liability coverage on home and auto policies. Umbrella policies are available with various amounts of liability protection. To ensure you buy a policy capable of meeting your needs, visit Young Insurance Associates Inc serving Raleigh, NC to discuss options.

What do you mean assets? 

For the purpose of liability, your assets include anything able to be accessed if you were sued for damages resulting from a wreck, accident, or professional conflict. Assets excluded from tapping in a civil lawsuit vary from state-to-state. The most consistent exclusion is limited to employer-sponsored retirement plans. Everything else needs to be considered an asset worth protecting, and it’s best to consider covering your retirement holdings as well. Laws can always change, and you do not want to lose your safety net.

Common assets will be your home, properties owned, vehicles, recreational vehicles, watercraft, furniture, artwork, jewelry, cash, stocks, and other forms of savings and collections. When you speak with an agent regarding policy options, you can review a full range of asset types. 

Should I have an umbrella policy if I have few assets? 

If you work in an industry with a high-risk for a lawsuit, such as communications or law enforcement, many umbrella policies also provide liability protection if you are sued. Whether it’s a libel, false arrest, or slander allegation, this coverage serves as key protection and helps provide a legal defense for you. 

How do I buy an umbrella policy? 

Different insurance companies feature different policy terms. It is common to require "maxed out" liability on existing policies for automobiles and your home or rental. The umbrella policy then steps in to provide liability coverage in various increments — typically of $1 million. 

Still have questions?

Young Insurance Associates Inc serving Raleigh, NC has answers, and we’re ready to take a call to discuss coverage options with you.

Does RV Insurance Cover Interior Appliances?

Regardless of the type of vehicle, there’s insurance coverage to provide protection, and RVs are no exception. There is a special type of insurance specifically designed to protect RVs from risks both on and off the road. Those who are interested in purchasing RV insurance may wonder if that protection also extends to any interior appliances.

RV Insurance Protection

Each RV insurance policy is different, so it’s important to understand the terms and conditions before making a policy purchase. Some companies, however, will offer coverage for appliances through collision and comprehensive coverage. The best way to ensure you get complete protection is to work with an agent and specify what type and level of protection you need to feel completely covered. 

Let An Agency Help

A reputable insurance agent will be able to guide clients through the selection process and enable them to get RV insurance that will provide peace of mind wherever they travel. An RV is a large purchase that can hold value equal to a home, which is why getting the right level of coverage is so important. If there is a covered event, having complete coverage will minimize losses. The agents at Young Insurance Associates Inc, serving Raleigh, NC are there to assist RV owners with the insurance selection process. They can offer sensible solutions and answer any questions that they may have.

Get the RV insurance coverage you need to feel secure on and off the road and for any additional appliances or personal belongings inside the RV. Call or stop by Young Insurance Associates Inc and let them help you get the protection you can count on if you live in or near the Raleigh, NC area. 

Can Renters Insurance Help Me Pay for a Lawsuit?

When you live in an apartment or rented home, you’re responsible for the safety of your guests. But not everyone realizes this when they sign their first (or even their fifth) lease. They may assume that friends, family members, and neighborhood staples (e.g., postal workers, etc.) are all responsible for their own property and well-being. If you live in Raleigh, NC and want to know more about liability though, Young Insurance Associates Inc doesn’t want you to be caught unawares. 

Liability and You 

There are a variety of incidents that can happen in a rented space, including falls, slips, and property damage. Maybe your child spills their chocolate milk over your friend’s laptop, or they leave out a toy car in the hallways only to cause a vicious fall halfway through the visit. You may not think that a friend or family member would hold you responsible for this, but consider just how financially devastating one incident can be for the other person. This can lead to demands that only insurance can cover. 

Renters Insurance 

In the case of a covered event, renters insurance will help you either settle a liability charge or defend yourself if you believe you weren’t at fault. A lawsuit can be complicated for renters, especially if it takes weeks or months to settle. In the case of a complex claim, renters insurance gives you the coverage you need so you can stay afloat during a crucial time. 

Young Insurance Associates Inc doesn’t want anyone in Raleigh, NC to make the wrong assumptions when it comes to their personal responsibility. If you want to learn more about how you can protect yourself, we’re here to answer your questions and help you find a policy that will ensure you sleep at night. 

Why you need motorcycle insurance in Raleigh

When someone is looking for a new place to live, the Raleigh, NC area is often a popular option due to the great local economy and good weather. For those that want to enjoy the weather, getting a motorcycle as a mode of transportation could be a great option. If you do purchase a motorcycle, it is important that you get all the proper insurance in place. There are a few reasons why a Raleigh motorcycle owner needs insurance. 

Complies with Legal Requirements

One reason why someone in Raleigh, NC needs to have motorcycle insurance is that it will allow them to comply with the legal requirements. Anyone that operates a motorcycle at any time is taking on the risk that they could be found at fault in an accident. If this occurs, you may have to pay a lot of money to pay restitution. Due to this risk, the state of North Carolina will require someone to carry motorcycle insurance at all times to give liability coverage.

Lender Requirements

Beyond having the minimum level of liability insurance, all people in North Carolina need to consider requirements set forth by their lender. If you have a loan out against your motorcycle, the lender will require that you have a full comprehensive and collision policy. This is important for a lender because it provides assurances that their collateral will be properly protected.

There are many reasons why someone needs to get motorcycle insurance for their Raleigh motorcycle. If you would like to get motorcycle insurance coverage, you should call Young Insurance Associates Inc as soon as you can. When you call Young Insurance Associates Inc, you can get more tips and insight necessary to choose a quality insurance policy. This will ensure that you are properly protected. 

How Much Condo Insurance Do You Need?

If you plan to lease or own a condo, you should begin the process of finding good condo insurance coverage. The master policy that the building carries only protects the structure, minus the walls and interior of the condo in most cases. Find out what the master policy covers and then begin the process of shopping for your condo policy.

Condo Insurance

If you are searching for adequate condo insurance, you must first know how much the condo is valued at, and then have a solid figure related to your belongings inside. You may, in some cases, opt for additional coverages if you have valuable items inside. Work closely with an insurance agent to help you determine how much coverage you need, as well as if there are any insurance additions or policies that would more completely protect you from losses. 

Quality Condo Insurance

You need to find condo insurance that is reliable and can be arranged to fit your needs. Your insurance agent can help you decide which options fit those needs and explain the terms and conditions to you so you are making an informed purchase. Those who live near Raleigh, NC, can depend on the agents at Young Insurance Associates Inc to help them make sense of the available options and find options that provide complete coverage. 

The key is to have enough coverage to avoid gaps and possible losses if there is a covered event. Call or stop by Young Insurance Associates, serving Raleigh, NC, today to find out more about how to calculate your condo insurance needs, as well as which policies work for you. 

How Much Renter’s Insurance Do I Need?

Renter’s insurance is very affordable and important to have. It doesn’t just cover your possessions, it protects you from liability as well. If you need renter’s insurance in Raleigh, NC, contact us at Young Insurance Associates Inc.

What are Your Valuables Worth?

Don’t just guess what the contents of your apartment are worth. Conduct a home inventory. You’ll make a list of everything valuable, and how much it would cost to replace it. If you have particularly valuable items like art or jewelry, you’ll need to check your policy’s individual coverage limits. Many policies have a specific limit on jewelry, electronics, and art. A home inventory is useful for selecting a coverage amount and in case you ever need to make a claim. Be sure that your coverage limits equal or exceed the cost of your possessions. 

Liability Coverage

Renter’s insurance also covers liability. If someone slips on your floor and breaks their leg, for example, you can be held legally liable for damages and medical expenses. Most policies have a separate limit for medical expenses and one for legal liability. If your home or living situation is riskier than most, you may want to choose a higher limit. Swimming pools, garages with power tools, and living on a steep slope are examples of situations where the risk of guest injury is higher. 

You should also consider what you can afford to pay in this situation (could you cover the medical bills and liability) and whether you would be at risk of losing valuable assets if you failed to pay. 

Displacement Coverage

If your residence is damaged in some way and you have to relocate temporarily, many policies will cover these living expenses. This is particularly important if you are on a tight budget and can’t afford a lengthy motel stay while your home is being repaired. Consider getting enough coverage for a few months of living expenses.

If you are renting in Raleigh, NC, Young Insurance Associates Inc can provide you with an insurance policy that fits your needs. We will be glad to talk to you about your situation and help you determine the right coverage limits. Contact us today for more information!

 

Crucial information about motorcycle insurance that all riders must know

Whether you drive your motorcycle around the Raleigh, NC area casually or take it across the country, it is essential to have a comprehensive insurance policy in place to protect yourself, third parties, and your motorcycle. If you are not sure if you have the necessary insurance in place, reach out to a specialist at Young Insurance Associates Inc today. 

When looking at insurance programs for your motorcycle, there are some crucial coverages that you must consider. 

Bodily Injury and Property Damage 

Bodily injury coverage will help cover the expenses you might owe in the event a third party is injured in a crash that you caused. The third-party can claim that you owe them for medical bills in addition to the loss of income if they are prevented from going to work. 

Property damage will cover the cost of the damage to the third party’s property. It is important to note that property damage coverage does not cover damage to your motorcycle.

Each state has minimum requirements for bodily injury and property damage; however, we at Young Insurance Associates Inc recommend considering additional coverage to make sure you are completely covered. 

In the event you are sued by a third party as a result of a crash, the minimum liability coverage will not be enough to cover what you owe. Not only could the third party sue for pain and suffering, but the legal fees could quickly add up. 

Uninsured drivers: There are many motorcyclists and cars on the road that do not carry adequate insurance limits. Underinsured coverage will help cover the cost of your medical bills and property damage in the event you are in an accident with a driver with no insurance. 

Collision coverage: Your motorcycle is a significant financial investment and should be protected as such. Collision coverage will pay to repair or replace the bike in the event you are in a crash. You must specify that you would need replacement coverage for the bike. 

If you are interested in learning more about motorcycle insurance, reach out to us at Young Insurance Associates Inc today. We proudly serve the Raleigh, NC area. 

How condo insurance protects you

When you own a condo you face many of the same risks as someone who owns a free-standing home. Your condo association takes care of the roof and exterior parts of your building but the interior is yours to insure. Condo insurance protects you from a variety of perils. Talking to one of the experienced agents at Young Insurance Associates Inc in Raleigh, NC can provide the answered that you require before making this important decision. You must understand what the master policy covers before you purchase a condo policy to make sure you have the correct coverage. 

Property damage

The condo association policy covers the exterior of the building and common areas which may include hallways and elevators. How much of the individual units they cover depends on their policy. You may only need to cover your personal items such as furniture, decor, electronics, clothes, and jewelry or you may be responsible for everything inside of the walls which can mean countertops, lighting. bathtubs etc. You need to know who will fix these items in case of a covered peril. Covered perils include fire, theft, and vandalism just to name a few. 

Liability

Liability is one of the most important forms of coverage. It protects you from the legal results of someone being hurt while in your condo. If you are sued and the case is litigated, it can cover not only judgment against you but the cost of the legal help you may need. 

Loss of use

If your condo is made uninhabitable by a covered peril. your insurance will help to pay for a place for you to stay until you can move back in. 

Young Insurance Associates Inc in Raleigh, NC would love to talk to you about the condo insurance that is right for you. Call or visit their office or website. 

 

Can You Claim Personal Possessions on a Commercial Policy?

Owning a business is a very rewarding thing and knowing what you can claim on your commercial policy is sure to make a big difference in the overall way that you file a claim. For those in the Raleigh, NC area, the agents with Young Insurance Associates Inc can help you to find the right commercial policy for your needs.

Commercial policies do cover a great deal but for the most part, you are not going to be able to claim personal possessions on a commercial policy. You can claim some personal items like those that are used in the business and that are in the building in terms of the contents but you cannot claim those items that are not on the premises or that are not used directly to run the business. A good example might be instruments or money that you have. These are not going to qualify as items that are part of a commercial policy.

When you do have a commercial policy you can cover things like the furniture in the building, the inventory, displays, and even computers that are used for the daily function of the business. You would not for instance be able to claim a personal item that you had at home that was damaged if it was not used for the business and not expressly listed on the policy. With any commercial policy, it is always going to be best to go through and name contents and each item so you can be sure you are getting a policy that is going to work for you and that is also going to be somewhat comprehensive.

For those in the Raleigh, NC area, the agents with Young Insurance Associates Inc can help you get  the policy that works best for you every time.  

Why boat insurance is a great investment for North Carolina owners

For those that live in and around Raleigh, NC, investing in a boat is a great option to consider. Due to the hot weather during the summer months, having a boat can be a great way to have fun and make some great memories. When you do have a boat in this area, it is important to consider your boat insurance options and why getting insurance is a great investment. 

Protects Your Asset

The first reason why getting boat insurance is a great investment is that it will protect her asset. While a boat is something that most people consider to be a recreational asset, it is still a very important item that you likely invested a lot of money in. Because of this, you should make sure that it is covered for a wide rightly of losses. The best way to do this is by getting a boat insurance policy.

Liability Coverage 

Whenever you get onto a boat and operate it, you are taking on some risk of liability. If someone happens to get injured, or you cause property damage, you could end up having to pay a sizable sum as restitution. When you get a boat insurance policy, you will get coverage for the situations, which could prove to be invaluable.

If you have a boat in the Raleigh, NC area, it is important that you get the boat insurance on it that you need. Since there are complexities that come with boat insurance, talking with a professional such as Young Insurance Associates Inc could be a great option. The team at Young Insurance Associates Inc will be able to review your personal situation to ensure you get into a policy that provides you with the right coverage.