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Columbia, SC 29229

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The Ins and Outs of Classic Car Insurance

Classic car insurance helps to keep collectors safe from many problems. For example, suppose you’re investing in a new classic car in Columbia, SC, and want to keep it protected. In that case, we at New American Insurance can help you.

First, now that not every car will qualify for classic car insurance. Just because a car is old doesn’t necessarily mean it allows either. To get classic car insurance, you must make sure that your vehicle is:

  • At least 25 years of age or 20 years with collectible value 
  • Not your primary vehicle for transportation 
  • Not used for racing and has minimal on-road miles 
  • Stored in a climate-controlled or closed garage 
  • A high-end model, like some new Corvettes or Ferrari vehicles 

You must also have a clean driving record over the last 5-10 years and no more than one at-fault accident or moving violation in the previous three years. At that point, you can choose an insurance policy that works for your needs, including:

  • Agreed Value – This policy will pay out the amount that the vehicle was worth when you first took the policy. These classic cars may gain in value over time, so consider this option carefully. 
  • Tiered Mileage – When you limit the number of miles you put on your car, you give yourself the best chance of finding an excellent policy. 
  • Auto Show Medical – This policy will protect you if someone gets hurt at a car event where your vehicle is featured, minimizing your financial investment. 
  • Spare Parts – When parts of your vehicle are stolen or damaged (or the car itself is damaged), this protection will help pay for these often expensive items. 

If you are interested in any of these coverage options and want to cut back on your financial problems, please contact us at New American Insurance, serving Columbia, SC.

Top Benefits of South Carolina Renters Insurance

A lot of people think that renting carries less risk than owning a home, but it doesn’t. When you are renting an apartment or home in South Carolina, you have the same property concerns and safety risks as anybody else.

At New American Insurance, we want all Columbia, SC renters to feel secure in their homes. Understand the top benefits of South Carolina renters insurance before you make your purchase.

Contents Coverage

The number one benefit of having renters insurance is having your content coverage. Take an inventory of your contents, and then calculate the value of that property.

Can you afford to replace multiple items on that list? That is where the benefit of content coverage comes in.

Contents coverage also covers you when you are away from home. If your laptop gets stolen when you are traveling, your renter’s insurance will cover it.

Financial Protection From Dog Bites, Slip and Falls, and Lawsuits

South Carolina renters insurance can also help you when it comes to lawsuits. This is called liability insurance. If an accident of any kind happens in your home, you hold the liability for that.

Renters insurance will help you to pay for legal expenses and medical costs in the event that an accident happens, and someone pushes you for costs or damages to recover.

Flood, Fire, and Vandalism

There are other risks to being a renter. When you are a renter, your landlord is obliged to have insurance on the main parts of your building or home. What happens inside is your responsibility. 

Flood insurance is a separate ballgame for both renters and homeowners. That is something you can always add to your renter’s insurance bundle though.

Get a Quote

At New American Insurance, we want Columbia, SC residents to feel secure in the homes they are renting. These are just a few of the benefits that you can get with renters insurance. Call us today for a quote.

Do You Need Motorcycle Insurance If You Rarely Ride Your Bike?

Are you struggling to justify a motorcycle insurance policy because you never ride your bike? At New American Insurance, serving Columbia, SC, we can help you understand why you still need a motorcycle insurance policy, even if you rarely ever get out on your bike.

Do You Truly Need Motorcycle Insurance? Yes!

Even if you only get your bike out for weekend rides in the summer and mostly keep it parked the rest of the year, you need insurance to avoid severe legal and financial troubles. People without motorcycle insurance may end up getting severe tickets if they drive or end up experiencing other problems. These issues will vary based on their situation but often include a variety of:

  • Crashes – If you get into a severe blow while riding, you’ll need high-quality motorcycle insurance to pay for any damages that you might cause to anybody else on the road. 
  • Medical Care Coverage – Did you know that you’re going to have to pay for someone’s medical treatment if you hurt them on your motorcycle? With insurance, you won’t. 
  • Vehicular Damage – When you have a high-quality motorcycle insurance policy, any damage you did not cause through negligence can be covered by your policy. 

Make sure to talk to your agent about this type of coverage to ensure that you get the best results. Many people may have to tweak their options several times before they are comfortable. Others may find that it is necessary to work with a different company to find results that work for their needs. 

Contact Us Today to Learn More 

Do you want a motorcycle insurance policy to keep your vehicle safe? Then, please contact us at New American Insurance right away to learn more. We serve the Columbia, SC area and give you the finest policy to find and work to make it suit your needs. 

How Much Boat Insurance Do I Need?

You finally bought your dream boat and are ready to spend a day of fun in the sun on Lake Murray—or maybe you have your sights set on Charleston and the open ocean. Either way, it’s important that you understand your coverage requirements under South Carolina state law. New American Insurance serving Irmo, Lexington, and Columbia, SC and surrounding areas is here to answer all your questions: 

Doesn’t My Homeowner’s Policy Cover My Boat Too?

While most homeowner’s policies do cover some boat damage, the maximum coverage provided is extremely low, typically $1000 to $2000.This coverage is ideal for smaller, non-motorized watercraft such as kayaks or canoes, but it won’t go far for larger watercraft. Plus, homeowner’s policies don’t include any liability coverage for medical damages incurred in a boating accident. 

South Carolina Doesn’t Require Watercraft Insurance. Why Should I Get Covered?

It’s true that South Carolina, like most states, does not require boat or watercraft insurance. However, if you’re financing or leasing your boat, your lender will require your asset to be covered, and most ports and marinas require a certain amount of watercraft coverage in order to use their facilities as well. So, if you want to travel anywhere and be able to dock, a boat insurance policy is a necessity. Finally, boat insurance just makes financial sense. It’s one of the most cost-effective types of insurance; you can get a policy that fully covers your new asset, helps with towing and emergency assistance expenses, covers your personal effects, and protects you against liability claims for an incredibly affordable rate. 

How Do I Decide What Kind of Policy to Get?

The type of policy and the amount of coverage you buy will depend on many factors, including the length, age, and value of your boat, how frequently you use it, liveaboard status, speed, or horsepower, where you intend to use it, and more. While it can seem complicated at first, a good rule of thumb is to look for a policy that provides similar liability coverages as your auto insurance policy and provides agreed value coverage vs actual value coverage. Agreed value policies cover the full replacement cost of your boat as of the day you enact the policy while actual value coverage decreases year by year with depreciation. 

We’re sure you have a lot more questions about how to best protect your new boat, and New American Insurance has the answers. Contact us today for an appointment; your agent will sit down with you, discuss your options, and help you find the right boat and watercraft policy at the right price. 

Why You Need Umbrella Insurance

Having enough liability coverage is important, but most people don’t have as much as they should. Both auto and home insurance policies come with liability insurance, but it is generally a low amount. If you need more liability coverage, call us at New American Insurance in Columbia, SC to learn more about umbrella insurance. 

More Liability Coverage

When you get umbrella insurance, it increases the amount of liability coverage that you have for your who and home insurance. It provides a boost to both of these policies so that your maximum payout for liability is far higher. While many people get the bare minimum that they have to have for their auto insurance, medical bills can be steep, and you may find yourself paying for them out of pocket when your insurance maxes out. With an umbrella policy, that maximum becomes so high that it would pay for most accidents and medical bills. 

How It Works

With an umbrella insurance policy, the extra liability insurance is not added directly to your auto and home insurance policies. Instead, after an accident, the home or auto policy pays as much as it’s going to until it is maxed. Then, the umbrella policy comes in. It pays from that maximum up to a maximum of its own that is much higher. It allows you to increase your liability coverage without changing your auto or home policies and paying the high rates for home and auto policies that have a lot of liability coverage. 

Get Your Umbrella Protection

If you have an auto and a home policy, chances are that you could use more liability coverage. Contact us today at New American Insurance in Columbia, SC to find out more about umbrella insurance and how it can benefit you. 

Should South Carolina Residents Add More Auto Insurance Coverage When Traveling Out Of State

New American Insurance offers custom policies to the Columbia, SC community. We want to help our clients protect their assets and alleviate some stress as they deal with life’s challenges. We are an independent insurance agency. We work closely with multiple insurance providers throughout the South.

Is Auto Insurance Necessary When Traveling Out of State

Auto insurance covers you while you use your vehicle to complete tasks. The policy gives you a safety net as you deal with the unpredictable nature of driving. Basic collision coverage takes care of any damages sustained when your vehicle hits something. If you opt for a comprehensive policy, your vehicle is protected in multiple situations. You are covered if someone attempts to steal your vehicle. You are covered if severe weather passes through the area and damages your vehicle. If you are held responsible for any damages or bodily injuries, liability coverage will protect you.

As the weather starts to warm up, many drivers look forward to taking special road trips. If you are planning a vacation away from Columbia, SC, your auto insurance may be impacted. If you are planning to travel from one state to another, your auto insurance will remain active. You will still be covered if you are involved in an accident while visiting Florida. However, if you are planning to travel out of the country, things may be different. Inquire about getting a temporary endorsement if you are traveling to Mexico or Canada. You want to avoid traveling abroad without having any protection if an unexpected accident occurs.

New American Insurance Will Help You Stay Safe On The Road

Visit our website to learn more information about auto insurance.

Important Facts Regarding Renters Insurance

New American Insurance offers coverage to Columbia, SC residents. We are proud to serve the community as an independent insurance agency. This allows us to offer our clients flexible policies designed to meet their individual needs. We have strong relationships with multiple carriers throughout the South. One of our core values is offering great customer service.

Important Facts Regarding Renters Insurance

South Carolina is home to attractive rental properties. If you are a renter, the fact that there is less maintenance involved with renting than owning a home may appeal to you. However, you need to keep in mind that your personal items need protection if something happens. That’s why renters insurance is an asset. You’ll be covered if your personal items are stolen or damaged. Here are some other important facts regarding renters insurance.

Liability Coverage Is Important

Liability coverage is a big part of your renter’s insurance policy. If you invite guests over, and they get injured or cause damage to other people’s property, you will be held responsible. Liability coverage will protect your assets if a legal dispute arises.

Take Inventory

It’s important that you take inventory of your personal items inside the rental property. That way, you’ll have a clear idea of your items’ true value if something happens.

Temporary Lodging

If your rental property is seriously damaged, you can add temporary lodging coverage to your policy. This allows you to stay somewhere else when your rental property is repaired.

You’ll Have To Add Extra Coverage For Natural Disasters.

If a hurricane or tornado moves through the area and damages your rental property, you are not protected unless you add extra coverage to your policy.

New American Insurance Will Help You Find Coverage

Visit our website to learn more information about renters insurance.

Who needs to get a classic car insurance plan?

If you are a car aficionado in the Columbia, SC area, you may dream of owning a classic car. If you decide to purchase a classic car here, you need to get the right insurance plan. There are several situations when someone should get a classic car insurance plan for their prized possession. 

Those that Want to Protect Collectible Value

A person should get a classic car insurance plan if they want to protect the full value of a vehicle. A classic car differs from other vehicles because it could greatly appreciate. Owners of classic cars need to get an insurance plan that protects this increased value. With a classic car insurance plan, you can work with your insurance provider to create a plan that properly covers the value of your classic car.

Those that Want to Drive Legally

You should also get a classic car insurance plan if you want to drive your car on state roads. Those in South Carolina will be required by law to have liability insurance when driving a car. This extends to those that drive classic cars. Since you likely will drive a classic car less frequently than you would other cars, your policy can be designed to reflect this reduced risk if you get a classic car insurance plan. 

Picking a classic car insurance plan for your Columbia, SC vehicle is a big decision. Those that are going to pick this type of insurance plan should call New American Insurance. Many factors will need to be considered, and New American Insurance can help you with this process. This will help ensure you pick the right plan for your classic car. 

How can motorcycle insurance protect someone in Columbia?

When you live in the Columbia, SC area, having some form of transportation is important. A great option for those that live in this area is to have a motorcycle, which can be fun and efficient to drive. If you would like to get one of these, it is important to get insurance. A motorcycle coverage plan can protect someone here in several ways. 

Liability Coverage

If you are going to ride a motorcycle anywhere, there is always a chance that an accident will occur. If you are found to be at fault for your accident, it will be your responsibility to cover the damages. This risk can be mitigated if you get proper motorcycle insurance, as it will include a provision for liability coverage. This form of coverage is also a state law requirement for all motorcycle owners.

Coverage to Protect Motorcycle

If you would like to get a motorcycle, it will be an asset that you will want to protect as well as you can. A great way that you can do this is by getting a full motorcycle insurance plan that will include collision and comprehensive protection. With this type of protection for your motorcycle, you will know you have coverage if your asset is stolen or damaged in the future. 

There continue to be a lot of advantages that come when you get motorcycle insurance coverage. If you are shopping for a new plan for your Columbia, SC area motorcycle, speaking with New American Insurance would be a good option. New American Insurance can help a lot by helping you evaluate your needs on a personal basis. We will answer the questions you have and give you the support needed to pick the right policy for you. 

What Does Boat Insurance Cover?

Heading out on your boat can be a lot of fun, especially with all the gorgeous water around Columbia, SC. To help keep your boat protected, you may be considering purchasing boat insurance. But before you do so, you probably want to know what boat insurance covers.

Not All Insurance is the Same

Before we explain what boat insurance covers, let’s clarify that not all insurance is the same. You can talk with agents at New American Insurance to find a policy that suits your needs.

When you start exploring boat insurance options, consider if you’re interested in the following types of protection.

Physical Damage Coverage

Boating is a great activity, but it doesn’t come without risks. Accidents with other watercraft or the shore can quickly damage your boat. Boat insurance covers the cost of this physical damage.

Boat insurance in Columbia, SC may also cover physical damage from adverse weather such as hail and hurricanes. Additionally, this type of insurance protects your boat from theft.

When you choose a boat insurance policy, your boat will be covered for an amount equal to the actual cash value or another set amount.

Liability Coverage

Even if you are a responsible boat owner, your sailboat, yacht, or fishing boat may cause damage to another person’s property. If your boat damages another boat, a dock, or a building, liability insurance covers this damage. It may also protect you from any legal action.

Medical Bill Coverage

Boat insurance may also cover medical bills that arise from a boating accident. This may include the bills of your boat’s passengers as well as passengers of other impacted boats.

Get Started with Boat Insurance

To help find boat insurance that’s right for you, contact New American Insurance.

States Served

  • South Carolina
  • North Carolina
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Partner Carriers

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