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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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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. 

Why Do I Need Umbrella Insurance?

You’ve worked hard for everything that you have and you want to be able to protect it. Having umbrella coverage can do that. When you start your search for umbrella insurance coverage, look no further than right in your own backyard in Raleigh, NC. The Young Insurance Associates Inc agents are there to help you with what you need.

Umbrella insurance is liability coverage that starts where your homeowners, watercraft, or auto insurance ends. For example, if your maximum liability coverage is $100,000, but you are sued and must payout more, an umbrella policy could cover the overage.

You’ll need umbrella insurance if you:

  • Own a home – if you’re held liable for an accident that happens in your home or on your property, the resulting lawsuit could cost you more than your home insurance policy will allow. The rest of the settlement would have to come out of your own pocket unless you had umbrella insurance.

  • Have significant assets

  • Have a pool – someone who owns a pool may be sued if a person invited to the house was injured during while swimming. If you are held responsible for the incident, your insurance company will only pay for the limits that are stated in your policy. Beyond that, you would need umbrella insurance to cover the rest.

  • If you have a boat – your watercraft coverage also has limits just like your homeowner’s policy, which may or may not cover your boat. Check with your local insurance agent to see if your home insurance will cover a boating accident. Even if it does, that coverage has limits where umbrella coverage would start to payout a liability suit.

The Raleigh, NC agents are a good place to start looking for umbrella insurance. At Young Insurance Associates Inc, you’ll be able to find the perfect coverage for your situation.

Will RV insurance cover what’s inside?

If you’re a part-time RVer who spends most of your time at home in Raleigh, NC, you probably don’t keep much in your vehicle besides vacation supplies, cooking gear, things like that. If you’re a full-time RVer, whether that means living a totally nomadic lifestyle or just doing month-long trips a few times a year, the RV is your home, it carries your whole life in it, so it’s good to know that your belongings are covered in the event of theft or an accident.

What Does RV Insurance Cover?

As a general rule, you can expect that a basic RV policy will cover whatever was in or attached to the RV when you bought it. Or if you’ve done some remodeling, then you’re covered on whatever you added to it. But you shouldn’t expect that your basic policy is going to cover every tea kettle, blanket, and book you’ve loaded into the vehicle for your next trip.

But, you do have the option of buying additional insurance through Young Insurance Associates Inc to cover your valuables. As a general rule: If you can put a monetary value on something, then someone offers insurance on it.

Just note that you need to keep that policy updated, just as you would a policy on the valuables you keep in your home. If you just finished a major shopping trip to deck your RV out with creature comforts like a Blu-ray player and silk sheets, then you’re going to want to make a stop at your insurer or pick up the phone and call. And just like your valuables at home, you’ll want to keep receipts and photos of anything you want to be covered. Give Young Insurance Associates Inc a call and see what they can do for you.

Have A Peace of Mind with Renters Insurance

Do you currently rent a home or apartment in Raleigh, NC? If so, consider the benefits of purchasing a renter insurance policy today. While the structure you are living in may be covered by the owner’s insurance policy, in the event of an accident or fire, your belongings can be destroyed and you can be displaced. Young Insurance Associates Inc understands the importance of renter insurance and how an uninsured tenant can accrue quite the financial obligation during such a tragedy. 

Property and Possession Coverage

With renters insurance, your belongings are covered and insured, allowing replacement should there be an unforeseen accident such as a fire or natural disaster. These possessions include any items that belong to you or your family members staying in the home. Without coverage, the structure of the building will be covered by the homeowner, but your possessions as the renting tenant will be your own responsibility to replace those possessions. The most responsible option you can take is to purchase renters insurance.

Displacement Coverage

Often times, renters find themselves temporarily displaced during these accidents. Clean up and renovation may be required to restore the home back to occupancy. Sometimes the structure may be destroyed beyond repair and you will need to seek permanent housing. During this transition, temporary housing is required. With renters insurance, these expenses are covered and your insurance will cover any temporary lodging expenses until you either return to the original dwelling or find a new rental property. 

Get Prepared Today

Living in the Raleigh, NC area, accidents and disasters are as frequent in this area as any other major city. Renters have decided to protect themselves and have financial security in their insurance policies, should they find themselves displaced due to accidents. Contact one of our agents today at Young Insurance Associates Inc today for more information on our renter insurance coverage.

Motorcycle Insurance and Multiple Riders

Riding Your Motorcycle Can Be a Party – But You Have To Do Your Homework First

Our agents want to make your experience riding your motorcycle one of sheer enjoyment. It is important to gain some knowledge first before your personal party begins so that the enjoyment is everlasting.

The state of North Carolina does not make Guest Passenger Insurance GPL mandatory. That means that you have to add it to your standard policy if you intend to have guests ride along with you. This is an important factor for all riders to consider at the outset. Many riders feel that they will not have guests at all. However, it is easy to have the once in a lifetime occasion when you allow someone else onto the back of your bike changes your life forever. In short, it is not worth the risk. Insure for the once in a lifetime. It is better to have it and not need it than to need it and not have it. 

Speak with an agent today to discuss all of the possible scenarios in which you may ride your motorcycle. North Carolina allows motorcycles to be added to your auto insurance policy as a miscellaneous vehicle. This extension gives you – the primary rider protection. Other operators are not covered in this instance. This is why it is important to be completely honest about just who will operate and be a passenger on your bike.    

Young Insurance Associates Inc Takes The Guesswork Out of Insuring Your Motorcycle

Stop by our office today in Raleigh, NC 27604. We can help you make the insurance process much easier by informing you of the most up-to-date laws concerning your motorcycle. 

Why You Need a Condo Insurance Policy in Addition to the HOA Master Insurance Plan

Are you considering purchasing additional condo insurance for your condo in addition to the master Homeowners Association (HOA) Master insurance plan? If so, consider the difference in the coverage of the two policies. Young Insurance Associates Inc serves the Raleigh, NC community with condo insurance for condo owners. 

What does the HOA Master Insurance Plan cover?

The HOA Master Insurance plan generally consists of the exterior of the condo and any property attached to the building. For example, everything from exterior windows to the parking garage is included in the master policy. Any portion of the property that is shared among residents is considered covered under this policy, as it applies to all property areas except for the condos. Liability of visitors is covered in these property areas that are accessible by all residents. 

What this policy does not include is the interior contents of each individual condo. Essentially, structural coverage falls to the responsibility of the Master HOA insurance policy for most condos. 

What does Condo Insurance cover?

Condo insurance covers any property and damages that occur within the interior of the condo, which is essentially what is left out of the HOA Master Insurance policy. Because this area is considered yours and your families, it is not a part of the master coverage but it covered as the primary property of the condo insurance. If your property is damaged or stolen while within the condo, your insurance policy will cover and reimburse you for any lost items.

Get Your Condo Insurance Today

If you live in or around Raleigh, NC and are ready to cover the interior of your condo and thoroughly protect your belongings, contact an agent today at Young Insurance Associates Inc for your condo policy today. 

Do All Businesses Need to Have Commercial Insurance?

As any business owner knows, there are many different decisions that need to be made on a regular basis. One decision that will need to be made if you are the head of a business is whether or not to get commercial insurance. While it may be an additional expense that you would like to avoid, there are several reasons why all businesses need to have commercial insurance in place.

Meets State Requirements

One reason why you will need to have a commercial insurance policy in place is that it will help to ensure that you can meet the state insurance requirements. In North Carolina, you are required to carry workers compensation insurance if you have three or more employees. This type of insurance will provide the necessary coverage in the event someone is injured while working for you.

Lender Requirements

Another key reason why you need to have commercial insurance is that it will be required by a lender. If you have a business, you may eventually need to take out a loan to finance your growth. If you do take out a loan for any reason, the lender will undoubtedly require that you carry liability insurance at all times. This will provide you and your lender with protection in the event you are sued for liability. Many customers and investors will also want to confirm that you are covered by liability insurance.

If you have a business in the Raleigh, NC area and are considering your commercial insurance needs, you should speak with the team at Young Insurance Associates Inc. When you meet with the insurance professionals at Young Insurance Associates Inc, you will learn far more about the different benefits that come with commercial insurance. You will then be able to pick a policy that is right for you. 

3 Tips to Prepare Your Boat For Winter Storage

Unfortunately, summer in Raleigh, NC is coming to an end, which means it’s time to put your boat in storage for the winter. Whether you spend every free minute on the water or you only occasionally take the boat out to go fishing, you know how tedious it can be to prepare your boat for the winter. Whether you are storing your boat in a rented storage facility or your garage, here are a few tips to make sure it’s ready for winter storage.

Fill the Gas Tank

If the gas tank is empty, it will start to get moisture in it any gas that is left in the tank will turn to water, which will cause your gas tank to rust and corrode. So, make sure the gas tank is filled and you should add a fuel stabilizer before storing it for the winter. You should also change the oil before parking it in storage and if it’s being stored outdoors, be sure to remove the battery and any other electronic devices.

Do a Thorough Cleaning

There are a couple of reasons why it is essential that you thoroughly clean your boat before putting in storage. First, this will give you an opportunity to identify any issues with the boat, such as areas that need to be repaired or painted. Second, making sure the boat is clean before storing it will help to prevent the risk of mold and mildew growing. Once the boat is completely clean, be sure to apply an anti-corrosion spray to help protect the exterior. The boat should also be covered to keep dust and moisture out.

Drain Coolant & Pump the Holding Tank

Be sure to drain the coolant from the engine and replace it with a propylene glycol based antifreeze, which is non-toxic and if it is in an enclosed storage facility, you won’t need to worry about the release of toxic fumes. One of the last things you’ll need to do is make sure to pump the holding tank, making sure to flush the head several times with clean water.  

The last thing you should have to do before leaving your boat for the winter is to make sure you clear the boat out. Remove the fire extinguishers, cushions, personal items and don’t forget to clean out the refrigerator and/or fish holders. Also, remember to contact Young Insurance Associates Inc to inquire about any changes in your boating insurance, such as discounts for seasonal storage.

Residents of Raleigh, NC who are interested in learning more information about boat insurance should contact Young Insurance Associates Inc.


What Kind Of Risks Are Covered By Boat Insurance?

Did you know that boat insurance is one of the earliest forms of insurance? Even ancient sailors knew the risks that come with traveling by sea and chose to protect their vessels against unpredictable waters. This still applies today. Insuring your boat will give you peace of mind each time you are using it.

One of the most reliable insurance companies you can rely on when you need boat insurance in Raleigh, NC is Young Insurance Associates Inc.

Boat insurance coverages vary widely depending on what they are designed to protect, among other considerations like the type of boat, the duration the vessel will be used, and the traffic on the waters. Still, there are some basic coverages you can expect to get. They include:

Physical damage

This policy protects your vessel against loss or damage caused by common risks like fire, theft, sinking, storms, and collision. Even though the covered limit can vary, such a policy usually covers the hull as well as other permanent components like anchors, extra batteries, fuel tanks, motors, and on-boat safety equipment like fire extinguishers and protection devices. The trailer may also be covered depending on the insurance plan.

Liability coverage

This insurance plan applies if the boat causes damages to other boats, structures or docks, or injures other people. Note that the damages or injuries can occur as a result of direct contact with your vessel, or certain situations created by the boat like large wakes. Liability coverage may also offer protection against a lawsuit and pay for legal fees and settlements.

Other coverage

Your Raleigh, NC insurance company can provide additional coverage to offer more protection. So, if you have extra needs, consider talking to your insurance agent to know the available options.

For more information on the risks covered by your boat insurance coverage, contact Young Insurance Associates Inc today.