Is umbrella insurance only for the wealthy?

One of the many myths surrounding umbrella insurance is that it is only for the wealthy. Nothing could be farther from the truth. What it does is help protect your wealth from the many dangers that put it at risk. At Asheville Insurance Center in Asheville, NC, we can dispel the myths about umbrella insurance and help you to understand what value it has for you. 

What is umbrella insurance?

Umbrella insurance is excess liability coverage that can supplement any policy you already have with liability protection. Many different types of insurance policies have liability coverage as one of their lines. Policies like home, auto, condo, renters, and more all have liability coverage. When you choose to add an umbrella policy to your coverage, your primary policy will pay up to its limit, and then the umbrella policy will add the additional coverage. Usually, umbrella policies begin at around one million dollars. 

Who should have umbrella insurance?

If you are wealthy, you most certainly should have umbrella insurance. But anyone with assets should protect what they have worked hard to earn. This can be the home you love, a cherished collection you have accumulated, or even your vehicle. Defining wealth is a very fluid thing. A millionaire defines wealth differently than a young comic book collector. Still, at the end of the day, they can benefit from an additional liability coverage to protect their possessions from being lost to legal action against them. 

At Asheville Insurance Center in Asheville, NC, we are independent insurance agents who work hard to ensure our customers have the insurance they need to protect their assets. Call us to learn more about umbrella insurance and what it can do for you. 

A Quick Look at the Biggest Floods in American History

Floods are one of the most devastating natural disasters on Earth. Because they are so devastating, standard homeowner’s insurance policies often don’t cover them. Instead, you may need to take out a flood insurance policy. Otherwise, you and your family could be left on the hook for all the damages. Contact Asheville Insurance Center, serving the greater Asheville, NC area, to discuss coverage options.

Let’s take a quick look at floods so that you better understand the damage they can incur and why it’s wise to have a flood insurance policy in place.

A Look at Modern Floods

There have been many significant floods throughout American history. As severe as flooding can be in the United States, many countries have suffered far more catastrophic events. For example, the 1975 Banqiao Dam flood in China claimed hundreds of thousands of lives.

In 1927, the Great Mississippi Flood claimed five hundred or more lives, making it one of the deadliest floods in American history. The flood caused at least a billion dollars in damages, which is a lot of money in today’s terms. Back then, the real costs were much, much higher. Costs associated with the Great Mississippi Flood totaled about a third of the entire federal budget. Today, the federal budget exceeds four trillion, meaning if costs were scaled up to today, the flood caused more than a trillion dollars worth of damage.

More recently, the Great Flood of 1993 claimed more than 30 lives. In terms of damages, it costs about $27 billion in today’s dollars. The flood raged for months, starting in April and not fully residing until November. Large swaths of the United States concentrated near the Mississippi River, were impacted.

Floods can impact the Asheville, NC area, so if you’d like to discuss coverage, contact the Asheville Insurance Center.


Does Condo Insurance Cover Repairs?

Many events might have sparked your search when you’re looking into condo insurance in Asheville, NC. Maybe you have a faucet that is always leaking or a hole in the wall that needs to be patched. Or perhaps you’re just thinking of the future costs of repairs for your condo and wonder if condo insurance could make these fixes more affordable for your budget. Whatever the case, Asheville Insurance Center is here to help you decide if condo insurance might be right for you.

What does condo insurance cover?

Similarly to home insurance and renter’s insurance, condo insurance typically covers some combination of liability related to the condo, the replacement of certain valuables in the event of theft or disaster, and repairs under certain circumstances outlined in the specific policy.

Does condo insurance cover repairs?

While every condo insurance policy has different terms, condo insurance policies can sometimes cover repairs in specific situations. For example, a condo insurance policy might cover repairs after a break-in or a qualifying disaster such as a house fire. These kinds of coverage might have limits or qualifying factors.

For a renovation to your condo for cosmetic purposes, finding a condo insurance policy that provides coverage for this type of repair might be difficult. Still, questions surrounding what repairs are covered and not covered are great to ask our insurance agents. That way, you can decide if condo insurance is right for your needs.

Even if a condo insurance policy does not cover certain types of repairs, having one is worthwhile, just in case.

If you want to know how our condo insurance policies can help you prepare for emergencies, call Asheville Insurance Center in Asheville, NC today!

How Does Condo’s Insurance Differ From Other Homeowners Coverage?

Like any other dwelling, owning a condo comes with many responsibilities. One of those responsibilities would be finding the proper homeowner’s insurance for your unit. So what is condo insurance, and how does it differ from regular home insurance? At the Asheville Insurance Center, we’re here to explain that.

What Does Condo Insurance Cover?

Condo insurance is the type of financial coverage that protects your condominium against losses. Those losses could be anything from theft to property damage. Suppose your condo has recently experienced property damage in the form of a break-in, a storm, or a structural collapse. In that case, you may be eligible to file an insurance claim at our agency. If you’re facing a lawsuit over the property, our team may also provide additional services related to liability coverage.

How is Condo Insurance Different?

In contrast to regular homeowner’s insurance, this kind of coverage tends to focus on the needs of the condo owner. Some homeowner associations will ask you to find an insurance plan that meets certain building requirements or insurance policies – sometimes from a specific type of provider. After consulting your HOA over the insurance requirements that need to be met, you can find an insurance provider focused on your condo’s needs; this sometimes includes home maintenance or landscaping duties. 

Condo Insurance in Asheville, NC

Are you looking for quality condo insurance in North Carolina? At the Asheville Insurance Center, our team recognizes that owning a condo comes with unique expectations. We’ve developed an approach that’s designed around working with you and the condo’s HOA team. If you’re interested in learning more about the policies we offer, contact our agency to get started. 

Who needs commercial insurance?

Commercial insurance is an essential part of any business. It provides financial protection to businesses against various risks and losses. This type of coverage helps protect the business in the Asheville, NC area from potential lawsuits, property damage, liability claims, and other financial issues that may arise from doing business.

For any organization–from a large corporation to a small home-based business–purchasing commercial insurance is essential for protecting its interests. Commercial insurance covers many areas, including property damage, general liability, errors and omissions (E&O), product liability, workers’ compensation, cyber security, professional indemnity, and more.

Business owners who are just starting should be particularly proactive about obtaining adequate commercial insurance coverage. Having the right coverage can help protect a business from financial losses if something unexpected happens. Even established companies need to review their policies regularly and ensure they are up-to-date on any changes or regulations in their industry.

Commercial insurance is also essential for business owners who employ staff, as this type of coverage can provide protection for the employer’s legal obligations and liabilities related to employee injury or illness. Employers should ensure that their commercial insurance policies cover all liability aspects, including workers’ compensation, disability benefits, and unemployment insurance.

Businesses that operate in different states will often require separate sets of policies depending on the state laws that apply to them. Companies with employees working in multiple states may find it beneficial to consult with an insurance professional at Asheville Insurance Center who is knowledgeable about each state’s different regulations.

If you have additional questions, call us at Asheville Insurance Center today. We proudly serve the Asheville, NC area.

Three of the most important rules to follow when you purchase motorcycle insurance

There are a few important rules you should always follow when you purchase insurance as a motorcycle owner in Asheville, NC. Asheville Insurance Center offers motorcycle coverage policies to bikers that could meet your insurance needs.

Three of the most important rules to follow when purchasing motorcycle insurance are the following. 

Figure out which types of coverage you want before you shop for a policy

Liability insurance is a type of motorcycle insurance coverage that you have to purchase.

Numerous optional types of motorcycle insurance coverage to consider include collision, comprehensive, uninsured/underinsured, and lease/loan gap coverage. You should know what these optional types of coverage are and decide whether you want them before looking for a policy. 

Don’t buy the first policy you’re offered.

Doing research is essential so that you find a policy that is suitable for your needs. There are a lot of options out there. Before buying a policy, you must thoroughly explore those options by researching price quotes and policy details from numerous providers. 

Check and see if you’re eligible for any discounts before purchasing a policy.

Motorcycle owners might be able to qualify for different policy discounts. Providers may offer discounts to motorcycle riders with perfect driving records. Discounts may also be available to motorcycle riders who have completed a defensive driving course or invested in certain safety features for their bike. 

Do you have questions about what you should do when you’re looking to cover your motorcycle with the right insurance policy? Ask us at Asheville Insurance Center. You can contact us for a quote on motorcycle coverage in Asheville, NC.

Why Should I Consider an Umbrella Insurance Policy?

Asheville, NC residents are not compelled by law to purchase umbrella indemnification, as this insurance is always voluntary. However, many choose to invest in this protection as it can guard against financial loss. 

Umbrella insurance always coexists with another policy and typically will have higher limits than your primary coverage. It will begin to cover your expenses once your other indemnification has been exhausted. 

When reviewing your financial picture and the types of insurance you have, it’s good to examine whether expenses could supersede the limits of your policies. In addition, umbrella insurance can extend to other scenarios that fall outside what is included in a primary policy. 

Suppose you have items that are costly to replace, for example, a cache of expensive jewelry or a collection of rare antiques. In that case, you may consider adding umbrella insurance to your homeowner’s coverage. Your Asheville Insurance Center representative can go over specific incidents that would be covered. 

If you have a business, you can add commercial umbrella insurance to your liability plans, extending to your property, automobiles, and more. Asheville, NC entrepreneurs face additional hazards regarding product safety and consumer satisfaction, as well as advertising requirements and the possibility of consequences due to errors and omissions. 

People who own boats and valuable equipment can also purchase umbrella insurance to cover them if their vessel is damaged or they hurt someone else in an accident. Motorists can also benefit from this coverage, as it can protect against financial loss incurred by lawsuits filed to seek redress for injury or property damage. 

We Are Here to Help with Your Insurance

Asheville Insurance Center endeavors to supply you with the proper coverage to suit all your needs. Contact us today by stopping in the office, calling, or contacting us online. We’re happy to work hard for you. 

Let a recreational insurance policy protect your fun!

The team at Asheville Insurance Center knows just how fun toy vehicles can be, especially in the beautiful natural areas surrounding Asheville, NC. We want to help you protect your fun with a recreational insurance policy. Come by our office or give us a call to learn more about the policy options available in our area. 

Protect your fun with a recreational policy

Owning a snowmobile, ATV, or similar recreational vehicle is a great way to spend time outdoors with friends and family. If you haven’t fully insured your recreational vehicles, now is an ideal time to do so. Many people have questions about recreational insurance, especially those who only operate their vehicles on private land.

Even when you are riding your vehicles exclusively on private land, you’ll still want to have adequate insurance protection. If there is ever a situation where someone is injured while riding your vehicle, you will want to have the right insurance in place to cover any associated losses. 

Liability can be a significant financial concern for anyone who owns recreational vehicles. No one wants to have personal liability. In addition to liability protection, you may want to consider comprehensive coverage. This robust coverage option will help protect you from financial loss due to the theft or vandalism of your covered vehicle. There are many benefits to carrying a comprehensive recreational insurance policy, and now is an ideal time to learn more. 

Call or stop by today!

Residents in the greater Asheville, NC area can turn to the team at Asheville Insurance Center for all their insurance needs. If you aren’t sure just how to protect your ATV or other recreational vehicles, we are here to help. Call or stop by today!

Why All Renters Need Renters’ Insurance

When You have signed a lease on a home, it’s vital that you have renters’ insurance from day one to protect yourself. Most of the time, landlords will require proof that you have this insurance to sign your lease. It’s important to landlords that you have this insurance, which should be important to you as a renter. It’s never a good idea to go without this valuable coverage. If you need a renters’ policy, call us at Asheville Insurance Center in Asheville, NC.

Protection for Your Things

You have a lot of belongings inside your rented home, and they all need to be protected. With renters’ insurance, they are. These policies include a lot of protection for your things so that if they are destroyed or have something else happen to them, the policy can pay for you to get them all replaced. This can save you from paying out of your pocket to replace everything. It can help you to get your life back to normal after a serious incident has happened to you. 

Protection for Your Liability

Another risk in your rental home is being liable for injuries and accidents. When anyone comes to your home and gets injured there, it will likely be up to you to pay for everything from their lost wages to their medical bills. To protect yourself against this liability, renters’ insurance covers it. When an accident happens, and someone is injured, your renters’ policy will pay what you owe. This means that the injured party doesn’t have to sue you to pay their expenses after being injured. 

Cover Yourself With Renters’ Insurance

If you don’t have your renters’ policy yet, it’s time to call us at Asheville Insurance Center in Asheville, NC.


What Should I Do if I Have an Accident While Driving my Motorhome?

Accidents happen, even when we’re being careful. We must have a clear plan for what to do next when they happen. If you’re driving your motorhome and have an accident, use this guide to help you through the process.

Check for Injuries and Call 911 if Necessary

Swiftly check yourself and your passengers for injuries. If you or anyone else is seriously injured, call 911 immediately. An ambulance can transport you to the nearest hospital for treatment. Some common injuries in auto accidents are whiplash, back and neck pain, concussions, and broken bones.

Move to a Safe Location

Once you’ve confirmed that everyone is okay, the next step is to move your vehicle to a safe location. If you can drive, pull over to the side of the road. If your car is not operational, turn on your hazard lights and wait for help. Getting out of the way of oncoming traffic is essential to avoid further accidents.

Get a Police Report

The police will come to the accident scene and file a report. This report will be important for your insurance company. The police will also help direct traffic and ensure everyone is safe.

Be sure to get the name, badge number, and contact information of the officer who filed the report.

Contact Insurance Agent

After the accident, you need to contact your insurance agent, like Asheville Insurance Center in Asheville, NC. They will help you file a claim and start the process of getting your vehicle repaired. Your insurance company will pay for the repairs if you have comprehensive or collision coverage. If you don’t have this coverage, you will be responsible for paying for the repairs yourself.

Don’t have motorhome insurance? Be sure to contact Asheville Insurance Center in Asheville, NC. We’re here to help you through the process and get you back on the road. Give us a call today.