How To Protect Your Family With Life Insurance

One of the most important, and least obtained insurance is life insurance. Life insurance is designed to offer your loved ones a layer of protection in the event of your covered untimely death. This insurance can keep your family secure in the face of lost income and any financial hardships as a result of your passing.

How Does It Work?

Life insurance pays a sum of money in the event of a covered incident resulting in the death of the covered individual. The policy is paid to a beneficiary upon the settlement of the claim. This money can be used to cover the funeral expenses of the deceased, as well as bills and other living expenses. Having the money to pay all of the bills left for the family can really relieve some of the burdens of an unexpected death. 

How Much Is Enough?

You should figure all of your bills, plus ten years worth of lost wages, in addition to other expenses such as tuition and maintenance of a residence. Once you get a figure, you should round up to the next available coverage amount offered by the insurance company. Ensure you leave your family feeling secure in your absence with proper life insurance planning. For more information on life insurance contact Myrtle Beach, SC, Benefit Insurance Services.

Don’t leave your family’s security hanging in the balance in the event of your untimely death. Check out or stop by Myrtle Beach, SC, Benefit Insurance Services for help planning for the future and for answers to any questions you may have regarding life insurance or their life insurance coverage.

In Myrtle Beach, SC: Do Mopeds Require the Same Insurance as Motorcycles?

In Myrtle Beach, SC, scooters and mopeds are everywhere. The agents of Benefit Insurance Services can answer all of your questions concerning both insuring and licensing/registering them. There are distinct differences between the two, especially when it comes to how they are classified by the Department of Motor Vehicles.

Scooters vs. Mopeds

The main differences between mopeds and scooters involve the size of the motors and where they get their power from. Mopeds are not considered to be motorcycles because they aren’t constantly being driven by the motor. Scooters, on the other hand, are classified as motorcycles because their motor provides all of the power all of the time. Even though they operate in a similar fashion, a moped doesn’t require insurance, but scooters do.

Being Prepared

Mopeds can be used on city streets and all public roadways, just like other motor vehicles. It’s important that you learn as much as you can about how your moped operates before taking to the streets. Make sure you know how each feature operates and study the driver’s license manual thoroughly. While you may not be required to carry insurance on your moped, you must have a valid driver’s license and understand the rules of the road.

The agents of Benefit Insurance Services are available to answer your questions and make sure you understand your rights and responsibilities when it comes to moped use in Myrtle Beach, SC. Don’t leave things to chance, call and talk to one of their licensed agents today to make sure you have the coverage you need at all times. 

 

 

 

Factors to Consider Before Getting Life Insurance

Life insurance is not a legal requirement for the residents of Myrtle Beach, SC, but many people choose to make it an integral part of their estate planning. Life insurance is a long term commitment, and there are some considerations you should be aware of before obtaining a policy that we will discuss in this post. 

Each Situation is Different

It is important to reflect on your family’s situation to ascertain the impact that your death would have on your loved ones. If you currently carry credit card debt or have a mortgage, you will need to calculate how much it would take to pay off those obligations, and you will need to figure out what your end-of-life costs may possibly entail. Knowing how much your burial expenses will likely be is necessary as well as is tabulating how much money your family would need to replace lost income or to put adult children through college. 

You will also need to decide whether to purchase term life or cash value insurance. Term life is good for a set period of time, usually ten to twenty years and is good for wage earners in good health. Cash value insurances includes whole life insurance that can last a lifetime and does not have flexible terms and universal life insurance that has more flexible terms and can be used to accrue savings. You will need to decide which insurance option will best fit your situation. 

Benefit Insurance Services is Here to Serve You

Benefit Insurance Services has been privileged to serve the Myrtle Beach, SC area for a number of years, and we look forward to working with you. You can use the handy rating tool on our website to find a fast quote on a homeowners and automobile insurance policy, and we welcome you to stop by our office and to speak to our knowledgeable agents about the life insurance package that is right for you.

 

How is Condo Insurance Different than Homeowner’s Insurance?

Condos are a great way to live but if you do not have the right insurance your valuables and home could be at risk. For those in the Myrtle Beach, SC area, condos are a must and the agents with Benefit Insurance Services can help you find the perfect policy.

The main difference between condo insurance and home insurance is that with a condo, you are not responsible for the exterior of the building. In most cases, the owner of the condos maintains the exterior of the building so that the residents need only worry about the interior of the home and their belongings within. In most cases, the actual building is going to be protected by an insurance policy that the owner holds and you do not have to worry about it.

This means that your policy is going to mainly focus on the protection of your items inside the condo and to help protect from any injury that might occur to guests while they are in the condo. This means that condo policies, much like apartment or renters policies, are going to focus on creating an in depth and in detail list of all the items that are within the home. This allows the insurance agency to get a good idea of what needs to be protected should there be something like a fire or a burglary.

For those that have condos, condo insurance is a great way to keep your valuables safe without having to worry about how you are going to do so. For those that live in the Myrtle Beach, SC area, the agents with Benefit Insurance Services can help you to find the right policy to protect yourself and your belongings if you live in a condo.

Prepare for Flooding During Hurricane Season

Floods are widespread and extremely costly. In Myrtle Beach, SC, the independent insurance agents at Benefits Insurance Services would like to share some important information with you to help you prepare for flooding during the hurricane season.

Heed Hurricane and Flood Warnings

A flood is an immense threat to communities. Water can rise way above sea levels and become stagnant in the streets. Even if you live in an area where flooding is not commonplace, water levels can easily reach your home during a storm. Hurricane and flood warnings are issued when the risk is imminent, so take them seriously and protect yourself.

Prep Your Home

Unplug devices, appliances, and electrical equipment. Make sure anything that must stay plugged in during the storm is placed on a surge protector. If your electricity shortens during the hurricane, your refrigerator should be safe if it is plugged into a surge protector.

Fill sandbags and place them outside as a barrier to prevent water from seeping indoors. Even a little water can damage rugs, furniture, flooring, and walls. You’ll need flood insurance to help with the damage that a flood causes after a hurricane has passed.

Move furniture, clothing, and equipment off of the floor. If at all possible, put it on the second level of your home.

Store Emergency Supplies

Keep a box of supplies in a place where you can get to them quickly. A medium-sized container or box should hold everything you’ll need during and after the storm.

  • First-aid kit
  • Flashlight
  • Canned food
  • Bottled water
  • Dry clothing
  • Rain gear
  • Prescriptions

Talk with your independent agents at Benefit Insurance Services in Myrtle Beach, SC before hurricane season begins. You should purchase flood insurance to protect you from the cost of repairs you’ll need if your home or property becomes damaged.

Renter’s Insurance: Luxury or Need?

Renter’s insurance has much to offer individuals who are renting a home or apartment. Renter’s insurance can save you a substantial amount of money by protecting personal goods from theft, damage or loss. Here are just a few of the many benefits you stand to gain from a renter’s insurance policy from Benefit Insurance Services in Myrtle Beach, SC. 

Personal Belongings

With renter’s insurance, you can recover the cost of repairing or replacing personal goods that have been stolen, damaged or lost due to flood, fire, vandalism or other covered peril. Renter’s insurance can cover such items as clothing, jewelry, electronics, furniture, home appliances, linens, dishes and more.

If you own a fair amount of goods, renter’s insurance should be a priority. Without insurance protection, you would have to pay for repairing or replacing personal goods on your own. Creating an inventory of your belongings will make it easier to file a claim when you have a need.

Accidents

If a friend or relative has an accident while visiting your apartment, renter’s liability coverage will help pay for their medical care, relieving you of the responsibility of covering this expense on your own. The more visitors you have to your property, the greater the risk of accidents. Renter’s insurance will even cover medical treatment for dog bites if your pet gets out of control.

Temporary Dwelling

In the event of a disaster that forces you out of your apartment, renter’s insurance will help pay for the cost of the temporary dwelling such as a hotel, meals and living expenses until your apartment is repaired and you can return home.

The many benefits of renter’s insurance make it a worthwhile investment in protecting your assets. Learn more about coverage options and costs by contacting your Benefit Insurance Services agent in Myrtle Beach, SC.

 

Is Vision Covered Under My Health Insurance Policy

We often take our vision for granted until it becomes a problem.  Every day we wake up, open our eyes and step out of bed.  We complete these routine thousands of times throughout our lives, but things change over time. We grow and our bodies change and mark the passing of time.  What we see and how we see it changes over time.  At some point, we call our vision provider.  We wonder how we will pay for it later.  It isn’t always clear if our health insurance will pay for our visit with the provider.  Benefit Insurance Services wants to help by providing answers as to whether vision is covered under your health insurance policy. 

Medical Conditions Causing Vision Loss

There are lots of things to see and do in Myrtle Beach, SC  but it can be hard when you’re sick and it causes vision loss. Sometimes illness or medical conditions cause vision loss. Medical conditions such as Diabetes, Lyme Disease, Homocystinuria, Sarcoidosis  cause changes in eyesight   

When vision loss is related to a medical condition your health insurance may cover an appointment with an optometrist or an ophthalmologist. There are a range of issues that can arise secondary to medical conditions and when issues arise it becomes necessary to treat the problem.  If your vision loss is secondary to some other problem you may be covered.  

Routine Eye Exams

If your need is simple and all you need is a new prescription for contacts or glasses health insurance probably won’t cover the appointment.  This is where vision coverage takes over and covers the appointment.

There are lots of options for providers and insurance companies in Myrtle Beach, SC and Benefit Insurance company wants you to have answers to all of your questions about eye care and health insurance.