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Umbrella Insurance: Who Needs It

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Are you unsure about umbrella insurance? Do you need it? To be truthful, it can benefit everyone, but it may not be extremely necessary for everyone. Umbrella insurance, who then needs it then? Bingham Insurance Group in Braselton, GA can shed some light on the subject.

What is Umbrella Insurance Exactly?

To put it simply, it is just an add on insurance policy onto what you already have that protects you in case you have a lawsuit filed against you. It can help as well in court costs and extra costs that your regular insurance policies may not cover. It can even include in cases where you are sued in slander or defamation cases. Here are some examples of where umbrella insurance covers you.

Scenario 1. You get into a car accident that involves extensive injury and damage to another person beyond what your auto insurance can cover. Plus, they file a lawsuit against you. Umbrella insurance has got you covered.

Scenario 2. Someone gets hurt on your property. Your homeowner’s insurance has you covered, but then they sue you. Umbrella insurance can help.

What umbrella insurance does not cover is:

  • Personal property damage
  • Criminal damage
  • Contract worker injuries.

Who Needs It?

It is recommended that umbrella insurance represents a sensible investment for anyone who possesses anything of value. But who would benefit the most? Who needs it? What if you rent a home or an apartment and travel by bus? Would umbrella insurance benefit you? Umbrella insurance may be a benefit to you if you:

  • Own/rent cars, boats, and other vehicles
  • Travel by driving frequently
  • Own dogs or exotic animals such as raccoons, alligators, snakes, etc.
  • Have a teen driver.
  • People that often host guests in their home or on their home property
  • Owners of rental properties
  • People with jobs that report on other people’s lives.
  • Youth sports coaches
  • Own weapons and guns

Most of these reasons may not make sense. What if your pet is as sweet as pie and wouldn’t hurt a fly. Animals are always unpredictable. What if sweet Fido turns grouchy one day due to a hidden illness and bites someone? They could sue you. Umbrella insurance will not sound foolish then. If umbrella insurance is curious to you, contact us at Bingham Insurance Group. One of your local Braselton, GA, representatives can help inform and set you up with a policy that works for you.

Pros and Cons of Private Flood Insurance

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Private flood insurance is an alternative to flood insurance offered by the Federal Flood Insurance Program (NFIP) for properties (both commercial and residential). In the US marketplace in 2019, private flood insurance represented over 30% of all private direct premiums in Special Flood Hazard Areas, including the city of Braselton, GA. To decide whether you need private flood insurance, it is vital to know its advantages and disadvantages. 

Advantages of Private Flood Insurance

Higher limits

One of the best advantages of private flood insurance for homeowners is that it offers higher coverage. While NFIP offers coverage up to $250,000 for the structure and up to $100,000 for personal belongings, private insurance companies offer homeowners twice that or even more. Therefore, private flood insurance is especially beneficial for properties valued above $350,000. 

Customizable Coverage

Unlike the federal program,  flood insurance offered by insurance companies can be tailored in order to fit the property. With private flood insurance, property owners have an option to add more coverage options, including coverage of damages landscaping, basement, outdoor furniture and decks, and other parts of the property that may be of value for clients. 

Faster and Easier Process

Obtaining private flood insurance is much faster and easier than NFIP.  Insurance agents are able to provide you with a quote and deliver coverage quickly and efficiently. The claim process with private insurance is also much faster and easier. 

Disadvantages of Private Flood Insurance

However, like any other type of coverage, private flood insurance has its disadvantages that you should be aware of: 

New and Untested

Private flood insurance is a relatively new and untested option that was extremely rare until 2014. For this reason, many mortgage companies might not accept private flood insurance. 

If you are searching for a policy that will match your needs perfectly, Bingham Insurance Group in Braselton, GA is ready to assist you. We personally look at every quote to make sure our clients get the right level of coverage. Contact Bingham Insurance Group today for a professional insurance consultation.

Life Insurance: Protection for Your Loved Ones

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There are a lot of great ways to protect your loved ones, and one of the best ways is through life insurance. At Bingham Insurance Group, we can help you choose the policy that’s right for you. The level and type of coverage are important, and different kinds of life insurance can work for your needs. If you’re in the Braselton, GA area, we’re here to help you find a policy you and your family can feel good about. We’ll also be happy to answer your questions because we know choosing an insurance policy isn’t always easy without the right help and support. You want to make sure you’re getting what you want, along with the peace of mind.

Our trained and dedicated agents will walk you through the options you have, and ask questions to help determine what level of coverage could be right for you. Protecting your family in the event of your death is very important, and that’s especially true if you’re typically the one to support your family. You’ll also want to revisit your policy if your life circumstances change, such as if you get married or have a child. That can affect the coverage level you’ll want to have for your insurance, and we can help you make the needed changes, so your family stays protected. Changing jobs or careers is another good reason to talk to us. We’re happy to help.

Reach out to us today at Bingham Insurance Group so we can work with you on a life insurance policy that will keep your loved ones adequately protected. We want all of our Braselton, GA clients, and their families to feel good about the services we can offer. With the right policy, you can increase your peace of mind and the level of security you provide to your family, as well.

Life Insurance: Protection for Your Loved Ones

Posted on by admin

There are a lot of great ways to protect your loved ones, and one of the best ways is through life insurance. At Bingham Insurance Group, we can help you choose the policy that’s right for you. The level and type of coverage are important, and different kinds of life insurance can work for your needs. If you’re in the Braselton, GA area, we’re here to help you find a policy you and your family can feel good about. We’ll also be happy to answer your questions because we know choosing an insurance policy isn’t always easy without the right help and support. You want to make sure you’re getting what you want, along with the peace of mind.

Our trained and dedicated agents will walk you through the options you have, and ask questions to help determine what level of coverage could be right for you. Protecting your family in the event of your death is very important, and that’s especially true if you’re typically the one to support your family. You’ll also want to revisit your policy if your life circumstances change, such as if you get married or have a child. That can affect the coverage level you’ll want to have for your insurance, and we can help you make the needed changes, so your family stays protected. Changing jobs or careers is another good reason to talk to us. We’re happy to help.

Reach out to us today at Bingham Insurance Group so we can work with you on a life insurance policy that will keep your loved ones adequately protected. We want all of our Braselton, GA clients, and their families to feel good about the services we can offer. With the right policy, you can increase your peace of mind and the level of security you provide to your family, as well.

What type of auto insurance do I need in Georgia

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In Georgia, unless you live in Atlanta, chances are you are going to need to drive a car. Braselton, GA is no exception. You need to drive to get to work, to go shopping, and just do the everyday things that are necessary. When you are driving an automobile, auto insurance is something that you need to consider. You may want to talk to a few different agents to find the best deal, but beyond just the best deal, finding an agent who is knowledgable about Georgia law as it pertains to automobiles is also important. At Bingham Insurance Group in Braselton, GA, we have the experience that you are looking for. 

In the state of Georgia as in most states in the union, motorists are required to carry liability insurance to protect other motorists. The mandated amount is 25/50/25. What that means is that you need $25,000 bodily injury coverage per person with a max of $50,000 for each accident and $25,000 for property damage. Given the cost of medical care in the US, you can see that this really is a very basic amount. 

Just because this is what you need to have for coverage it doesn’t mean it is what you should have. Expanding the amount of liability that you carry and adding collision and comprehensive coverage is something that is worth consideration.  Sitting down with an insurance professional is important and can help you determine the correct amount of coverage for your particular case. 

When you are ready to discuss your auto insurance needs the Bingham Insurance Group in Braselton, GA is here to give you the information that you need to make an educated decision. Use our online rating tool to get a free quote or you can give us a call or stop by our office. 

 

How Commercial Insurance Can Save Your Business

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When you own a business, there are lots of things that can happen to hurt your business. Especially if you are a small business, it may not take very much to cause your business to be seriously hurt and even forced to close. By being proactive and having commercial insurance that can protect you from some of the things that you can anticipate, you can save your business. At Bingham Insurance Group in Braselton, GA, our team understands commercial insurance and we can help you get the coverage that you need. 

Commercial Liability Insurance

No matter what type of business you have, you can be sued. It can be because a customer was injured at your place of business or by one of your products or services. If a large judgment is won against you, it could destroy your business. 

Commercial Property Insurance

Things happen, and not all of them are good. If your business is damaged or destroyed by one of these unfortunate things, it could put you out of business. With the right commercial insurance, you will be able to get back up and running as quickly as possible. Liability and property damage policies are beneficial to your inventory and customers.

Workers Compensation

Businesses with three or more employees are required by Georgia law to carry workers’ compensation insurance. Compliance with this law is monitored, and if you are found to be in non-compliance, you can be fined and also receive time in prison. It is not easy to run a business from prison, so it is best to make sure that you save your business by having the necessary insurance. 

These are some of the most common types of commercial insurance. Bingham Insurance Group in Braselton, GA can help you to customize the perfect commercial insurance policy to make sure you can save your business in the face of disaster. Stop by the office or give us a call for a no-obligation quote. 

Are Floodlights Effective Deterrents for Burglars?

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Most burglaries occur at night because it is much easier for a burglar to move around without being seen. Installing security lights or motion-activated floodlights can deter a burglar from making your home their next target. The agents of Bingham Insurance Group offer residents of Braselton, GA ideas on how they can protect their homes and families. Strategically placing security lights and motion-activated floodlights are the best way to keep burglars away from your property.

Fewer Places to Hide

When security lights are on, there are few places for a burglar to hide. Lights should always be placed near doorways or access points that lead to your home. Security lights don’t have to be bright to do their job but they do have to be in the right place. If you want to know more about where to place your security lights, talk to a local home security company and find out what they recommend.

Motion-Activated Lighting

Motion-activated lighting will turn on when something moves across the field of view of the sensor. In most cases, motion-activated lights are extremely bright. Part of the reason for this is they are only on for a short period of time. If a burglar is sneaking up to your home and the light kicks on, the brightness is often enough to chase them away.

At Bingham Insurance Group, the agents are dedicated to helping Braselton, GA residents keep their home and property as secure as possible. Knowing where to place your security lights is a step in the right direction. If you have questions about your home insurance or would like to know how security lighting helps keep your home safe, call and talk to an agent today!

Two of the Most Commonly Asked Questions about Renters Insurance

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Renters insurance is designed to provide coverage for your damaged, lost, or stolen personal belongings. It will also offer coverage should another person get injured in your rented apartment or house in Braselton, GA. For instance, if someone visiting you is hurt while in your home, and their injuries are deemed to be your fault, the person may file a liability claim with an insurance company to cover the costs that are associated with their injury. If you aren’t familiar with renters insurance, you may have a lot of questions about coverage, so here are the answers to the most commonly asked questions policyholders ask Bingham Insurance Group.

Does it Cover Theft?

Yes, after you pay the deductible amount, renters insurance covers your personal belongings from theft. A renter’s insurance policy generally covers your possessions, whether the theft occurs as the result of a burglary or if they are stolen from your vehicle while traveling. Be sure to review your policy to fully understand the circumstances in which you may file a claim for theft.

Does it Cover Fire Damage?

Yes, after paying the deductible, renters insurance will cover smoke and fire damage. The compensation amount received depends on various factors, such as the amount of coverage you buy, your deductible amount, and whether you choose replacement cost coverage or actual cash value coverage for your belongings. In the event a fire occurs, you will first file a claim for the loss, pay the deductible, and then receive the compensation for the remaining costs of the loss (up to the policy limit).

It’s important to understand that your landlord’s insurance policy does not cover your possessions. The landlord’s insurance policy only covers damage to the building, so it’s important to have renters insurance to cover the cost of your belongings. Without renter’s insurance, you are responsible for the full cost of replacing all lost, stolen, and damaged properties.

Residents of Braselton, GA interested in learning more information about renters insurance or upgrading their current policy should contact Bingham Insurance Group.

Tips to Keep Your RV Secure in the Campground

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Many families living in or around Braselton, GA enjoy taking their family RV onto the open road and vacation in campgrounds. They provide an inexpensive vacation that allows families quality time together and memories. However, securing your RV while in the campground is something that we at Bingham Insurance Group like to encourage our clients. Below are some of the best tips for a secure and fun vacation in your RV at the campground. 

Keep it locked

Although this seems as though it should be a given, the relaxed atmosphere of most campgrounds make it very easy for campers to leave their RV open while they take a stroll to the pool or other activities in the park. Unfortunately, this leaves your property vulnerable to thieves lurking in the area and praying on these relaxed and trusting guests. 

Keep your blinds closed

While you are in your RV and while you are gone, it is the best practice to keep the window blinds closed and keep any valuable items out of sight. Having your tablets and electronics viewable to those passing by give them a chance to inspect your property and determine if they want to invade it later. 

Use motion sensor lights

Have your outdoor lighting equipped with motion sensors so that if someone is lurking around your campsite at night, the light will turn on and they will be deterred from returning. 

Keep your items secure

In campgrounds, most thieves are looking for items that they can grab and run with. Do not keep valuable items outside while you are in the RV sleeping or away. 

Secure with RV Insurance

The best way to secure your RV is to have an RV insurance policy that protects your RV and property while in the campground. if you live in or around Braselton, GA, call our agents at Bingham Insurance Group today for more information. 

Can I Add My Motorcycle Onto My Auto Policy or Do I Need A Separate Policy?

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In Braselton, GA, the agents of Bingham Insurance Group work diligently to make sure local motorcycle enthusiasts have the insurance coverage they need. Many people ask if they can add their motorcycles to their auto insurance and get a multi-vehicle discount. Auto and motorcycle policies are slightly different, but they can be included as part of a bundled policy.

Motorcycle Endorsements

In order to add your motorcycle to your auto policy, your insurance agent will include a motorcycle endorsement. This is like a separate policy but may not carry the same types of coverage as a traditional auto policy. Endorsements are an extension of your existing policy that covers your liability while you are operating your motorcycle on the highway.

Mandatory Liability Insurance

Just like with your auto insurance policy, you will have to carry a compulsory amount of insurance on your motorcycle to cover different types of liability. Typically, this includes personal property and personal injury liability. Your insurance agent will be able to write a policy for you that ensures all state minimum liability requirements are met. You can keep your auto policy and motorcycle policy separate or add your motorcycle coverage as an endorsement.

If you are ready to purchase your first motorcycle policy or want to re-evaluate your existing one, call the agents of Bingham Insurance Group at your earliest convenience. We serve residents who live in Braselton, GA, and the surrounding communities, and are always looking for ways we can help our customers get the coverage they need. Visit our office or call and speak to an agent. We are ready to answer your questions!