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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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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.

 

No Matter the Boat, You Need Boating Insurance

Boating insurance isn’t just for large vessels you tow out for weekend beach activities. Whether you own a large sail boat or a small fishing boat, it is important to protect the investment with boating insurance. So whether you live in Raleigh, NC or in a surrounding community, Young Insurance Associates Inc is here to assist you in understanding the importance of boating insurance. 

What Kinds of Boats are Covered

Just about any watercraft with an engine is covered under boating insurance. This means anything from a pontoon to a jetski is protected with boating insurance. Vessels without an engine, such as a sailboat, require slightly different boating insurance coverage. This is because there is no engine to insure but instead a mast.

What Boat Insurance Covers

There are different kinds of boat insurance policies, so selecting the right coverage is important. However, boat insurance can cover collision damage, property damage, bodily injury damage and comprehensive coverage (which protects your boat if it is stolen or vandalized). 

There are additional forms of boat insurance coverage that provides coverage for fishing equipment, offers roadside assistance, plus coverage caused by boaters who do not have their own boat insurance. 

Boating insurance provides you with a number of safeguards against potential damage. From an accident while in transit to the body of water or you run out of gas while on the water and require a tug to the dock, boat insurance is here to provide you peace of mind and adequate protection. So when living around the greater Raleigh, NC area, if you have any concerns regarding boating insurance or you’re interested in adding it to your current lineup of insurance policies, now is the perfect time to reach out and contact Young Insurance Associates Inc. 

What is Umbrella Insurance?

There are a lot of different type of insurance policies that are available out in the world but that doesn’t mean that every single option makes sense for you and your needs. A type of insurance policy that people tend to not know a lot about is the umbrella insurance policy. While it is one that many people may not be familiar with, it is a very useful policy. You may be wondering what this type of policy can actually cover. This guide from Young Insurance Associates Inc, serving Raleigh, NC, can help you to better understand what it is and if you need it.

An umbrella insurance policy is a policy that acts like an umbrella. It is a policy that you would have in addition to other policies and it provides additional coverage that others may not provide to you. For example, it can give you more liability coverage if you are well known in your community and need that coverage. It can also cover your home or car if your home and car are more expensive than a traditional policy covers. It is essentially a policy that is used in addition to what you already have in place if you need more coverage.

Now that you have a better idea of what an umbrella insurance policy is and what it can cover, you can figure out if it is something that you need. However, if you are still not sure if you need it or if it is right for your needs, be sure to reach out to us here at Young Insurance Associates Inc, serving Raleigh, NC, today. We can not only help you make this decision but can also get you a free quote for coverage so you can sign up as soon as possible.

Differences between condo and homeowners insurance

If you’ve never lived in a Raleigh, NC condo before, you may be surprised to find that there are differences between homeowner’s insurance and condo insurance. The structure by which a condo is purchased, owned and managed is different, and so is the insurance, as you will find out if you give Young Insurance Associates Inc a call.

Here’s the simplest way to explain how it breaks down in most cases: Everything inside the condo is your responsibility, everything outside the condo is the management’s, and those insurance costs will typically be covered by the fees you’re paying to the condo association. So when you go out to buy your own coverage, you’re making sure that if someone breaks in, you’ll be covered if you want to replace your stolen TV and sofa. The broken window is going to be covered by the management. Everything inside the condo that was damaged or stolen will be covered by your provider.

We could go a little further into it than that, but that’s the basic difference. Many people who live in condos skip buying their own insurance, either because they don’t know that the association will not cover their possessions, or because they don’t really care, or have another insurance plan in place to cover their most expensive belongings. Whatever the case may be, just know that your condo association does not cover you in the same way that a homeowner’s policy does. If you want to be one hundred percent covered, you need to give Young Insurance Associates Inc a call and get your Raleigh, NC condo protected with a policy of your own.