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Columbia, SC 29229

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Protect Your Belongings with Renters Insurance

As a renter in Columbia, SC, you may not think that you need insurance. After all, your landlord probably has insurance to cover the building. However, that policy only covers the structure itself—not your belongings inside. That’s where renter’s insurance comes into play.

What is Renter’s Insurance?

Renter’s insurance is a type of property insurance that helps protect your belongings in the event of a fire, theft, or another covered disaster. The policy will typically cover the cost of replacing your belongings up to a specific limit.

Why You Need Renter’s Insurance

If you live in an apartment or house you don’t own, renter’s insurance is essential. Even if you live with roommates who each have their own policies, it’s still a good idea for you to get your own policy.

Your New American Insurance agent in Columbia, SC can help you find the best policy for your needs and budget.

It Covers Your Valuables

Your landlord’s insurance policy covers the building but not your belongings inside. If there’s a fire or break-in, you could be left with nothing. Renter’s insurance can help replace your belongings if they are lost, stolen, or damaged in a covered disaster.

It Protects You From Liability

If someone is injured in your home, renter’s insurance can help protect you from liability. It can also help cover legal costs if you need to defend yourself in court. These expenses can add up, so it’s vital to have protection.

It Can Help If You’re Displaced

If your home is damaged or destroyed and you can’t live there, renter’s insurance can help pay for your temporary housing expenses. This can be a lifesaver if you’re displaced for an extended period.

Contact Us Today

To learn more about renter’s insurance and how it can protect you and your belongings, contact New American Insurance in Columbia, SC.

4 Areas Covered by Classic Car Insurance

Do you want to safeguard the actual value of your antique car in Columbia, SC? If so, it’s paramount to secure classic car insurance from New American Insurance. Classic cars demand outstanding care because they are more than an investment. Buying classic car insurance in Columbia, SC is a wise move because it protects the true value of your toy. Here are the four areas covered by classic car insurance.

Protection of your asset

One of the prime factors of purchasing classic car insurance is that it can assist in preserving the overall value of your car. Acquiring comprehensive and collision policies cushions your antique car from physical damage when unexpected calamities strike. When you purchase classic car insurance from New American Insurance, you are sure that your valuable toy is protected when damaged or stolen.

Liability protection

Irrespective of driving your collector car rarely, disasters can strike for the few days you are cruising the road. When legally responsible for the accident, you could be accused of bodily injury and property damage. Purchasing liability coverage from New American Insurance pays for third-party claims, including legal fees.

Provides roadside assistance

Have you ever imagined what can transpire when your classic car breaks down on a highway? Old or new cars can break down at any time. Luckily, classic car insurance comes to your rescue when your car breaks down while you are miles away from your residence.

Offers peace of mind

When you have a memorable investment in your antique car, you are always unsure about its safety. However, classic car insurance wipes all your worries by assuring protection against perils like fire, theft, and collisions.

Protect your heritage and memories with classic car insurance

Are you a classic car enthusiast in Columbia, SC, searching for classic car insurance that safeguards your pride and joy? Please contact our agents at New American Insurance to help you secure insurance coverage suitable for your budget, lifestyle, and other needs.

 

Protect yourself and your bike with a comprehensive bike policy

The team at New American Insurance understands the joys that come with motorcycle ownership! We are here to help bike owners in the greater Columbia, SC area protect themselves and their motorcycles.

Benefits of a comprehensive motorcycle insurance policy

Owning a bike is a great thrill, but it also comes with its challenges. If you are wondering if you have the right type and amount of bike insurance, it may be time for a policy review.

There are a lot of different motorcycle insurance policy options available in our area. If you think it may be time to upgrade, it’s worth the time to review your options. 

When you have a comprehensive policy, you have more protection from loss or damage. With a basic, bare-bones policy, you may find yourself having to come out of pocket for any expenses that exceed your policy level limits. For instance, involvement in an accident that causes injuries or property losses can quickly exceed the amount of coverage that a basic policy provides.

If you want to have more robust coverage in place, it’s time to explore your options. A comprehensive policy can help protect you from theft, vandalism, and damage. It can also keep you insulated from financial exposure when it comes to property damage and medical expenses. 

Why not enjoy your bike while knowing that you have the robust insurance protection you need? Now’s a great time to explore the possibilities. 

Learn more about your bike policy options today!

New American Insurance is here to help our neighbors in the greater Columbia, SC area protect their investments. This is true for all types of vehicles, including motorcycles. If you would like to find out more, call or stop by our office today!

The importance of liability coverage when it comes to boat insurance

If you are a boat owner in the Columbia, SC area, you can rely on the team at New American Insurance for all of your insurance needs. We can help guide you through the policy selection process and help ensure that your boat has the protection it needs. 

Liability is an important part of any boat insurance policy

Yes, boats are a lot of fun. They can provide you, your family, and your friends with many hours of enjoyment. But with this pleasure comes responsibility. There is a lot that can go wrong when you are out on the water. And, many boating mishaps have been known to cause injuries.

Because of this reality, having an adequate amount of liability coverage is a key part of any boat insurance policy. When you don’t have an appropriate amount of liability protection and are involved in an accident, the outcome can be awful. If the mishap is one that causes injuries, the outcome can be even more dire.

When your policy does not have the coverage level to cover damages, that responsibility will likely fall to you. That’s right, you may be financially responsible for any damages that are not covered by your policy. To avoid this situation, sit down with your local agent and review your current policy in detail. You may find that there are gaps in your coverage that need to be addressed.

We are here to serve our community!

New American Insurance is here to help the wider Columbia, SC community. We are dedicated to helping our clients get the insurance that’s right for their needs. If you would like to find out more about boats, or another type of insurance, call or stop by our office today!

How Umbrella Insurance Protects Your Finances

With so many insurance policy options meant to protect against different risks, New American Insurance knows that the busy people of Columbia, SC may not be familiar with all of the more advanced varieties. Umbrella insurance is a higher level of insurance that works alongside your other policies to give your finances ironclad protection.

Expanding Your Liability Limits

While the amount of money that liability limits can reach may seem immense, it can fail to meet the needs of extremely damaging incidents or highly valuable items. Once that limit is reached, umbrella insurance will pay you additional benefits according to its own limits. Because it’s designed to work for people who already have another form of coverage, the limits are usually much higher for a lower cost than a more common type of policy. 

Covering Your Uncovered Perils

For most types of insurance policies, the coverage outlines the exact perils that are a valid reason for an insurance claim. Umbrella insurance works the opposite way, so you’ll see exactly what perils the policy doesn’t cover. In most cases, the umbrella insurance pays you after your other policies are maxed out, but it will pay on its own if nothing else applies. The liability limit will typically be the same, so you might save yourself millions by having an umbrella insurance policy.

Don’t Leave Your Finances Unguarded

Umbrella insurance is not just for the ultra-wealthy. Anyone with a homeowners’, renters’, or auto policy could find themselves facing a lawsuit that exceeds their liability limits or doesn’t match any of their existing covered perils. New American Insurance would be happy to assist any resident of Columbia, SC and nearby towns with finding an umbrella insurance policy that shields their livelihood.

Is basic auto insurance ever enough?

When you are a driver, you need to think about protecting your car and that means having auto insurance. You also need to protect your assets and that is what basic auto insurance is all about. At New American Insurance in Columbia, SC, we use our expertise as independent insurance agents to make sure our clients have the right insurance to meet their needs. 

In South Carolina, basic auto insurance is 25/50/25. This is strictly liability insurance. $25,000 for one person hurt in an accident where you are the driver at fault with a total of $50,000 for all injuries in the accident. Another $25,000 is for damage done to the property. These are reasonable amounts of coverage if you don’t have a lot of assets. 

If you have a loan on your vehicle or you are leasing, you will need to have additional insurance to cover the vehicle itself. This means adding collisions and comprehensive coverage to your policy. 

Collision coverage will help to pay for damage to your vehicle in an accident you are responsible for. It will also pay for the damage as a result of a one-car accident or a hit and run. It comes with a deductible that must be met before coverage begins. 

Comprehensive covers your auto for theft and other damage not resulting from a collision. It covers things like floods, potholes, vandalism, and damage caused by the weather. It also includes glass coverage which will fix or replace your windshield for free with no deductible.  

The answer to the question is basic auto insurance ever enough is yes. If you have few assets, an older car with no loan, and can afford to repair your vehicle if it is damaged, then go for it. 

Contact New American Insurance in Columbia, SC for your auto insurance needs. 

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. 

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