Why is Renters’ insurance a Smart Financial Decision?

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While renters’ insurance is not generally legally required, this specific type of insurance – designed for those who do not own their home, offers affordable protection against potential losses to property or injury to others covered by the policy’s terms. Renters insurance is an intelligent choice as it helps you recover from financial losses that you may not have otherwise been able to do. The Bingham Insurance Group, which serves the greater Braselton, GA vicinity, offers this guidance regarding the benefits of purchasing renters’ insurance.

It Provides Protection for Personal Property

Renters’ insurance covers the insured’s personal belongings – i.e., clothing, electronics, furniture, etc., should these items be damaged/stolen under a covered event like theft or vandalism. Certain policies may even provide coverage for belongings when damaged/stolen outside the property – i.e., your laptop from your car.

It Provides Liability Coverage

A renter’s policy offers liability coverage (which can pay for medical costs and legal expenses) should you be responsible for injuring someone else on your property.  

It Pays for Additional Living Expenses

If your unit becomes uninhabitable (as the result of a covered loss), renters insurance reimburses for temporary living expenses while the unit is repaired.

It Offers Customizable Options

Renters have the option to select the appropriate coverage level.

Note that some landlords in and around Braselton, GA may make require their tenants to carry renters’ insurance as a provision within the lease agreement. However, given the peace of mind renter’s insurance offers against unexpected occurrences, renters’ insurance can only be considered a wise financial decision.

For additional information about how renters’ insurance may be a worthwhile investment, contact the insurance specialists of Bingham Insurance Group at 706-684-0040 or online.

Will liability insurance cover my injuries from a car wreck?

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Liability insurance helps cover medical and legal fees if you’re held responsible for someone else’s injury or damage to someone else’s property. Every state requires that drivers have some auto insurance.

All drivers are legally required to carry auto liability insurance to drive. However, some circumstances may require drivers to have more than the state-required liability coverage. Our Bingham Insurance Group is committed to helping Braselton, GA residents understand auto insurance requirements.

What is Liability Insurance?

Liability insurance covers property damage and injury to others if you’re found at fault for an accident. It doesn’t provide protection or coverage for any personal property or physical damage you may sustain due to an accident you caused. 

Georgia requires all drivers to carry the minimum liability coverage limits. These limits include $25,000 per accident for property damage and $25,000 per person for bodily injuries. Liability coverage also includes $50,000 per incident for bodily injury coverage. 

Will Liability Insurance Cover My Injuries from a Car Wreck?

No. Liability insurance will only provide coverage for other people’s injuries and property damage. You must purchase auto insurance to cover your injuries and vehicle/property. Liability insurance is a requirement for drivers in every state. However, it will only cover the property and personal injuries that other people sustain due to an accident where you’re at fault. Call us if you have more questions about auto liability insurance and what it covers. We’d be happy to answer all of your questions. 

Understanding Your Motorcycle Coverage

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Motorcycle riding is synonymous with freedom, and millions of people have chosen this method of transportation. However, motorcycle riding involves a certain amount of risk, and insurance coverage is required in every state to cover the costs of damage to property and bodily injury. At Bingham Insurance in Braselton, GA, we can help you get the motorcycle coverage you need.

Basics of Motorcycle Insurance Policies

Motorcycle insurance is available in several levels of coverage. Most states require a certain amount of liability coverage similar to that for automobiles. However, you can choose additional coverage, such as collision insurance that pays out for damage to your vehicle, comprehensive insurance that covers other hazards that can occur, guest passenger insurance, and custom parts insurance. Some of these coverages require a deductible amount before reimbursement, while others do not. We can provide information on each of these additional features.

What Does Motorcycle Insurance Cover?

Most states require a certain amount of minimum bodily injury coverage per person or accident. Liability coverage for damaged property is also required. You may also need coverage for medical expenses resulting from an accident and uninsured motorist coverage. These are generally the lowest cost premiums. You can also add collision and comprehensive coverage to ensure your bike is repaired in case of covered incidents, including theft, fire, and other hazards. You may choose coverage for winter months, during which you don’t ride your motorcycle. Motorcycles with extensive custom features may require special insurance coverage.

Choose Bingham Insurance for Your Motorcycle Coverage in Braselton, GA

Motorcycle insurance is mandatory, and you may have many questions about the coverage needed. We can answer your questions with detailed information that is presented in a clear, understandable manner. Contact Bingham Insurance Group today for a no-obligation quote on motorcycle insurance to keep you covered during your travels.

Safe boating tips

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Boating is a great way to get outdoors and enjoy the beauty of nature here in the Braselton, GA area. However, taking safety precautions when you’re out on the water is important. This blog post will provide some simple tips from us at Bingham Insurance Group for staying safe while boating.

1. Wear a life jacket: A life jacket can save your life in the event of an emergency, so make sure everyone onboard has one! Inflatable jackets are lightweight and comfortable, making them ideal for longer trips. 

2. Check the weather forecast: Before leaving, always check the forecast and be aware of any potential storms that could arise while you’re on the water. Don’t take unnecessary risks; ensure that you have adequate shelter ashore if a storm pops up unexpectedly. 

3. Have an emergency plan: Make sure everyone aboard knows what to do in an emergency. Have a designated person who will be responsible for contacting authorities in case of an accident or injury, as well as how to use business radios or flares if help is needed from other vessels or shore personnel. 

4. Keep a first-aid kit handy: Accidents can happen at any time, so it’s essential to have a well-stocked first-aid kit with bandages, antiseptics, gauze pads, and other necessary items on board your vessel at all times. 

5. Pay attention to navigation rules: Always follow navigation rules by keeping your speed down in congested areas and giving right-of-way when appropriate — this includes sailing vessels which must always be given right-of-way over motorboats per international law! 

By following these simple tips, you can ensure that your time on the water is enjoyable and safe! For more tips, give us at Bingham Insurance Group a call. We are proud to serve the Braselton, GA area.

Three Liability Risks You Might Not Have Considered

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Protecting yourself from liability should be a big part of your financial planning. Liability risks can significantly affect your finances if you are not adequately prepared. Here at Bingham Insurance Group, serving Braselton, GA, we can help you protect yourself from many types of liabilities. Keep reading to learn about three liability risks you might not have considered. 

Exhausting Insurance Policies 

You might think that simply having insurance in place will guarantee that you will never suffer financial hardship due to liability. The truth, however, is that there are times when insurance policies can be exhausted. If this happens, the remaining expenses will be your responsibility. In extreme cases, this might put a strain on you financially. 

Targeting 

Most people do not consider that they might get targeted by someone who attempts to create a liability for them. This could include people visiting your home, property, or business. These individuals may try to orchestrate an accident to sue you. These types of events can get very tricky and expensive. However, having the proper types of liability insurance in place can help protect you from these risks. 

Business Related Liabilities

Few people have as many liability risks as business owners. Everyone interacting with your business, employees, and customers can be a liability threat. The only solution to decreasing these risks is to have proper insurance and umbrella policies in place to supplement. 

If you want to learn more about umbrella insurance, please get in touch with us at Bingham Insurance Groups, which serves Braselton, GA, and the surrounding areas. 

What is Loss of Use in Flood Insurance?

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Are you looking to find a proper flood insurance plan? This is a type of insurance that works to protect you in the event of flooding. If you live in a high-risk flooding region like Texas or Georgia, then it’s recommended that you purchase an insurance plan for financial coverage. While shopping for flood insurance from Bingham Insurance Group, finding a plan that includes specific policies like loss of use is essential.

What is Loss of Use?

Loss of use is an insurance policy that pays for housing and living expenses. Water damage is corrosive, often making the home unlivable for the residents inside. Some people decide to temporarily stay in hotel rooms while waiting for renovations to take place. In the event that your house becomes uninhabitable from a flood, you’ll need enough money to pay for additional expenses as the basic plan pays for repair costs or renovation. Loss of use will come in handy for your housing needs, especially if you have living expenses that go above the regular cost of living.

While shopping for a flood insurance plan, ensure it includes loss of use as a policy. There are also other flood insurance policies to search for, like loss of belongings with furniture or home decor. 

Loss of Use Insurance in Braselton, GA

If you’re a Braselton resident looking for a flood insurance plan, you should speak to an agent with the Bingham Insurance Group. Our flood insurance coverage includes policies like loss of use and protecting our customer base from strained financial situations. If you want to hear more, contact our agency at 706-684-0040 to schedule an appointment.

 

What is the difference between whole life and term life insurance?

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Whole life and term life insurance are two very different types of life insurance policies. Understanding the difference between them can be important when deciding which type of coverage you need. Families in the Braselton, GA area have long turned to Bingham Insurance Group when they have questions about their policies. We are proud to serve them.

Whole life insurance is a permanent policy that provides guaranteed coverage for your entire lifetime. This type of coverage typically comes with higher premiums but also accumulates “cash value” over the years. This cash value can help pay for final expenses or other necessary costs during your lifetime. 

Term life insurance is more affordable than whole life and is designed to provide coverage for a specific period, such as 10, 20, or 30 years. While term policies do not accumulate cash value like whole life policies, they can provide protection if you pass away unexpectedly during your coverage period. Once the term ends, however, your policy will expire unless you renew it at a higher rate. 

When deciding between whole life and term life insurance, it’s important to consider the length of time you need protection and whether you want or need the additional benefits provided by whole life policies. Ultimately, which type of coverage is right for you depends on your needs and long-term goals.

If you have any additional questions about the differences between term life insurance and whole life insurance or have questions about your own policy, give us at the Bingham Insurance Group a call today. We proudly serve the Braselton, GA area.

How to prepare your car for winter

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With the winter season quickly approaching, it is important to make sure your car is prepared for the cold and icy conditions that come with it in the Braselton, GA area. It’s easy to forget about these essential maintenance tasks until an unexpected problem arises, so now is the time to get your car ready for winter.

Here are a few tips for properly preparing your vehicle for cold weather. By following these simple steps from us at the Bingham Insurance Group, you can ensure that your car can handle whatever Mother Nature throws at it this winter. So let’s get started!

First, check the fluids in your car – from brake fluid and oil to antifreeze and windshield washer solvent. You’ll want to ensure all of these fluids are topped off and that none is at a dangerously low level. It’s also essential to make sure the fuel tank is regularly filled up so you don’t end up stranded in the cold with an empty tank.

Next, check your battery and tire pressure. Cold temperatures can drain car batteries faster than usual, so ensuring your battery hasn’t lost its charge is important. The same goes for tires; they must be adequately inflated to provide enough traction on icy roads. Make sure you have a good-quality set of winter tires if you live in an area where snow and ice are common during the winter months.

Finally, don’t forget about your windshield wipers! They won’t be able to do their job if they’re not in good condition, so make sure you’ve replaced them if necessary.

For more winter driving tips, call us at the Bingham Insurance Group today. We proudly serve the Braselton, GA area. 

Ring in the New Year By Updating Your Life Insurance Policy

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As we bid farewell to 2022 and welcome 2023 in Braselton, GA, we must reflect on the past year and take stock of our lives. Your life insurance policy is no different. Make sure to review it annually.

Here are a few changes you should contact the Bingham Insurance Group about to make sure your life insurance policy is up-to-date and tailored to your needs for the upcoming year:

Change in Financial Status

If you had any significant changes in financial status during the past year, such as getting married or having a child, this might require an update to your existing life insurance policy. Having more people dependent on you means that there will be more financial responsibilities if something were to happen to you. The same goes for if you had any significant economic losses due to job loss, business failure, etc. Here, it may be wise to decrease the coverage on your policy.

Health Concerns and Changes

It is also essential to review any health concerns or changes over the past year, as this affects the cost of a life insurance policy. If you have had any major health issues since taking out your policy, like cancer or heart disease diagnosis, this could affect how much coverage you qualify for and how much it will cost you each month.

Changes in Family Structure

If there have been any changes in family structure during the past year—such as divorce or remarriage—this could cause an update to your existing life insurance plan. When making these updates, it’s essential to review who would be financially impacted by your death and ensure it fully covers them under your updated policy terms and conditions.

Updating your life insurance policy at least once a year is essential to accurately reflect your current financial situation and lifestyle habits. Contact Bingham Insurance Group in Braselton, GA  today for a free quote so that we can help make sure that all aspects of 2023 are adequately covered!

Why basic auto insurance may not be the right choice

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Basic auto insurance is the amount that the state mandates that you carry. It isn’t necessarily the right choice for you. At Bingham Insurance Group in Braselton, GA, we take our job of providing our customers with the best coverage at the best price very seriously. We do the work for you of searching for the best coverage. 

Basic auto insurance is strictly liability coverage in the state of Georgia. It is 25/50/25. That means that if anyone is injured in an auto accident that you are responsible for, you must cover injuries for at least $25,000 for the first person and $50,000 for multiple people. Another $25,000 is to cover property damage. Given the cost of medical care and vehicles, this is a basic amount, and if you have assets, you may want to consider a higher amount. 

Basic auto insurance is not for you if you are paying on an auto loan or are leasing your vehicle. You don’t own the vehicle, so you need to cover that value for the lender or the lessor. You must protect the car.

Collision coverage pays for repairs to your vehicle if you cause an accident. It has a deductible, but minus that, it covers repairs or replacement of your vehicle. 

Comprehensive insurance protects you from many other things that can endanger your vehicle, including theft and vandalism. It also protects against natural disasters like tornados or floods. Comprehensive coverage pays for damage after the deductible is met if a deer runs in front of or into your vehicle. 

If your vehicle is brand new, you may also want to have gap coverage, so you don’t owe money after getting paid for it. 

Contact Bingham Insurance Group in Braselton, GA for all your auto insurance needs.