Customizing Your Umbrella Insurance Policy

Umbrella insurance is a vital component of a well-rounded insurance plan, providing an extra layer of protection beyond the limits of your primary policies. Customizing your umbrella insurance policy ensures you have the right coverage to meet your unique needs and lifestyle. Hedgepeth-Hutson Insurance Services Inc. is dedicated to helping Nashville, NC residents tailor their umbrella insurance policies for optimal protection.

Factors Affecting Your Umbrella Insurance Needs

Several factors can influence your umbrella insurance requirements, including:

  1. Net Worth: Your net worth significantly determines the appropriate coverage limits for your umbrella policy. Generally, the higher your net worth, the more coverage you may need to protect your assets from potential liability claims.

  2. Risks Associated with Activities: Certain activities, such as owning a swimming pool or frequently hosting large gatherings, can increase your risk of liability claims. It’s essential to consider these factors when customizing your policy.

  3. Professional Risks: If you own a business or are involved in high-risk professions, you may require additional coverage to protect yourself from potential lawsuits related to your work.

Determining Coverage Limits, Deductibles, and Additional Coverage Options

To customize your umbrella insurance policy, it’s crucial to consider the following aspects:

  1. Coverage Limits: Assess your assets, risks, and potential liability exposures to determine the appropriate coverage limits for your umbrella policy. This may involve consulting with a professional to ensure you have adequate protection.

  2. Deductibles: Choosing the right deductible is a balancing act between affordability and financial protection. Higher deductibles can lead to lower premiums but may result in higher out-of-pocket costs in case of a claim.

  3. Additional Coverage Options: Depending on your specific needs, you may want to consider other coverage options, such as coverage for libel, slander, or invasion of privacy claims.

Hedgepeth-Hutson Insurance Services Inc.: Your Partner in Customized Umbrella Insurance

We understand the importance of tailored insurance solutions. Our team of experts is committed to providing personalized service and guidance to help you create an umbrella insurance policy that meets your unique needs. Contact us today to discover how we can help you customize a policy that provides the comprehensive protection you require in Nashville, NC.

Five Fun Facts about Flood Insurance

Flood insurance is one of those policies that people either don’t know much about or have misconceptions about. Here are some fun facts about flood insurance that you need to know.

Flooding is not covered by home insurance.

When people buy a house and insurance for that house, some think that their home insurance will cover everything. Unfortunately, there are some things that home insurance doesn’t cover, and that includes flooding. If you want to be protected against flooding, you need to buy separate insurance.

Flood damage is expensive.

Statistics say that even as little as an inch of water can cost several thousands of dollars worth of damage. If you are stuck without flood insurance, the damage could eat up your savings in a matter of minutes.

Flood insurance can be affordable.

Many people think that adding extra insurance is expensive, and they won’t be able to afford it. However, flood insurance only adds a few extra dollars per month to your insurance costs. It is better to have insurance and not need it than to have unexpected flood damage to pay for.

Flood insurance is available to everyone.

Contrary to popular belief, flood insurance is not just for people who live in flood zones. Even if you don’t live in an area prone to flooding, you might benefit from flood insurance. Flood insurance is recommended for anyone who has stuff that would be costly to replace in a flood.

Flood insurance takes 30 days to kick in.

It is advisable not to wait until a flood happens to get flood insurance. If you wait until the last minute, it will not cover you. Most insurance companies won’t cover flooding until 30 days have passed from when you purchased flood insurance to when the flooding occurred.

Contact Hedgepeth-Hutson Insurance Services Inc.

Please visit or contact us at Hedgepeth-Hutson Insurance Services Inc. in Nashville, NC for your flood insurance quote today.

How a Life Insurance Policy Protects Your Family

No one or their family wants to think about a life without them. But it’s also important to be realistic about the future. Everyone wants to make sure they have set up their family for success without them. When you’re gone, your family members are the ones the life insurance policy would benefit from.

At Hedgepeth-Hutson Insurance Services Inc. in Nashville, NC, we know how complicated a decision like this can be. Let’s break it down for you a little.

Providing Financial Security with Life Insurance

Having life insurance coverage can provide guaranteed protection and reassurance to your family that they have financial security after your passing. Many unanticipated expenses can arise in the event of a family member’s sudden death. The earnings from a life insurance policy can provide financial relief during times of grave emotional upset.

Life insurance can help supplement the deceased’s income and offer financial assistance to the family. It can help pay off debts and cover living expenses and end-of-life proceedings. The beneficiaries of your life insurance policy will also automatically receive tax-free income.

Life insurance can ensure your family can pay the rent or mortgage on a house, afford childcare, cover tuition, eliminate debt, or retain any businesses without you. For these reasons, it’s crucial to consider purchasing life insurance if you and your spouse have children.

Ultimately, it’s better to be prepared for the worst-case scenario and not need it than avoid thinking about it and be in trouble when push comes to shove. The decision is yours to make and depends on your family’s goals for their future.

For more information on life insurance, contact our agents at Hedgepeth-Hutson Insurance Services Inc. in Nashville, NC.

What Does Auto Insurance Cover?

If you are a driver in the state of North Carolina, the auto insurance experts at Hedgepeth-Hutson Insurance Services Inc. in Nashville, NC want you to know that auto insurance is required to be able to drive your car, truck, or SUV legally. You only have a minimum liability auto insurance policy to drive legally and avoid fines or other repercussions. Still, you may want to consider more auto insurance to protect yourself and your vehicle.

Auto Insurance Coverage Options

When it comes to auto insurance, there are many coverage options you can choose from. Below is a detailed list of the main ones you may want to consider to provide you with the peace of mind you deserve when you’re on the roadways.

Underinsured or Uninsured Auto Insurance

You never know what will happen in the future, including auto accidents. Unfortunately, they do happen, and if you happen to be involved in one with someone who has no insurance or very little auto insurance, this type of coverage will come in handy. It will help you pay for any damage to your vehicle and any medical bills you incur.

Comprehensive Insurance

You never know what mother nature has in store for us, so comprehensive auto insurance is a good idea. This type of coverage will help you out if your vehicle is damaged or destroyed in a natural disaster or even a fire. It will also help you repair or replace your vehicle if it is vandalized or stolen.

Collision Insurance

Collision insurance will help pay for any damage to your vehicle if you collide with an object or even another vehicle.

If you owe money to a lender for your vehicle, your lender likely requires you to have both collision and comprehensive auto insurance to protect their own investment, which they made in your vehicle. Even if your vehicle is paid off, these two types of auto insurance are very important to protect the investment you made in your vehicle.

Contact Hedgepeth-Hutson Insurance Services Inc.

To create an auto insurance policy that provides adequate coverage for your vehicle, contact the auto insurance specialists at Hedgepeth-Hutson Insurance Services Inc. in Nashville, NC today!

Keep Your Inventory Safe: Proven Tips for Protecting Your Small Business Stock

Stock damage and theft are serious threats to small businesses in Nashville, NC. To protect your stock, you must implement a comprehensive inventory management system that reduces the risk of theft and damage.

Here are three tips from Hedgepeth-Hutson Insurance Services Inc. to help keep your inventory safe and secure.

1. Utilize a secure storage solution

Secure storage solutions for small business inventory include physical security measures, such as lockable cabinets, shelves, and storage units. Some businesses may choose to invest in cloud-based inventory management software to ensure that data is securely stored and accessible only by authorized personnel. Additionally, regular inventory audits can help identify discrepancies or potential theft.

2. Monitor and document inventory movements

Monitoring and documenting inventory movements are essential for small business owners to ensure accurate inventory records. To do so, they should keep track of all incoming and outgoing shipments and receipts, update their inventory levels in the accounting software or other tracking system, and conduct regular physical inventory counts to compare with their records.

3. Invest in security systems and protocols

Security systems and protocols help to ensure that confidential information is kept secure and not vulnerable to malicious actors. They also provide a layer of protection against cyber threats such as malware, phishing, and ransomware attacks. A solid commercial insurance policy can also help protect the business financially in case the security measures break.

Hedgepeth-Hutson Insurance Services Inc. is a commercial insurance provider based in Nashville, NC. We are proud to offer insurance services to businesses throughout the region. We understand that every business is unique, so we customize each policy to fit the individual needs of each customer. Reach out today to learn more!

Prepare for Stormy Weather with Commercial Insurance in Nashville

The weather in the Nashville area can be unpredictable, especially during the storm season. The right insurance is essential to protect your business from potential damage and losses due to storms. Commercial insurance can help provide coverage and peace of mind that your business is covered should a storm occur.

What Does Commercial Insurance Cover?

Commercial insurance covers a variety of damages associated with natural disasters such as floods, thunderstorms, hail, and wind damage. This coverage includes property damage, loss of income, and liability protection for any bodily injury or damage caused by the storm. It’s essential to understand what type of coverage you need and what is included in your policy before signing up for commercial insurance so that you are adequately protected when the unexpected occurs. Your Hedgepeth-Hutson Insurance Services Inc. representative in Nashville, TN can help you find the right policy to fit your business’s needs.

Why Do I Need Commercial Insurance?

Commercial insurance protects businesses from unexpected losses due to storms or other natural disasters. If your business suffers from storm-related damages, having commercial insurance can help you recover quickly by providing financial assistance to cover repairs or replacement costs.

Additionally, it provides liability protection if someone is injured on your property due to the storm or if one of your employees causes an accident while driving on the job related to the storm. Without commercial insurance coverage, businesses could be left vulnerable and financially exposed should they face significant losses due to a natural disaster.

Storm season comes around every year, and it’s always best to be prepared with adequate commercial insurance coverage that fits your specific needs. Contact Hedgepeth-Hutson Insurance Services Inc. today to learn more about our services and start creating the perfect policy for your business!

Hanging Holiday Lights? Avoid These Mishaps That Can Damage Your Home

At Hedgepeth-Hutson Insurance Services Inc, serving the greater Nashville, NC area, we want to help all of our customers have a very merry holiday season. Unfortunately, homeowners make common mistakes when they are hanging holiday lights that can negatively impact your home or be damaging to it. Here are two common mishaps homeowners make when hanging holiday lights that can damage your home.

Avoid Overloading Your Electrical System

Hanging a ton of lights on your home may seem like a good idea in theory, but most homes do not have the electrical system to support all of those lights. As such, if you are hanging holiday lights and putting up decorations, you should keep it simple to avoid overloading your electrical system. If you want to do something extravagant, hire an electrician before the holiday season to help ensure your electrical system can support your big ideas. 

Never Use Nails on Your Roof or Gutter

Secondly, you should avoid using nails or staples to hang holiday lights on your roof or gutters. Nails and staples can leave tiny holes behind, which can cause water issues once the lights have been removed. Always use light hooks to ensure you do not damage your roof or gutter when hanging lights. 

Damaging your home can lead to costly repairs and may cause other issues to your home. Unfortunately, if you cause the damage, home insurance will not likely pick up the tab for the repairs. As such, you want to learn what you should avoid doing so your bright decorating ideas do not wind up costing you money. At Hedgepeth-Hutson Insurance Services Inc., serving the greater Nashville, NC region, we are here to help you year-round with your insurance needs, including homeowners insurance. Reach out to us today if you are looking to obtain a new homeowners insurance policy. 

Three misconceptions about classic car insurance

At Hedgepeth-Hutson Insurance Services Inc., we offer classic car insurance policies. If you own an antique or classic car in Nashville, NC, we can provide you with the coverage you want.

Reach out to our office for additional information about classic car insurance. Unfortunately, there are some misconceptions about classic car insurance that we think consumers should be aware of before buying. 

The following are three common misconceptions about classic car insurance. 

Classic car insurance policies have high premiums.

It’s not true that classic car insurance policies have high premiums. The premiums on classic car insurance policies are typically lower than the premiums on standard automobile insurance policies. 

You don’t need to worry about having to pay a lot to protect your classic car with an insurance policy that is uniquely designed for your valuable vehicle. 

Classic car insurance is basically the same as standard auto insurance.

Although classic car insurance policies may be similar to standard auto insurance policies in some ways, policyholders should understand some key differences.

One of the biggest differences is that classic car insurance policies typically cover an agreed value rather than the market value of the insured vehicle. 

Classic car insurance doesn’t need to be updated.

Those who have a classic car insurance policy should update their policy periodically. Classic car insurance policies should be updated as the value of the insured vehicle changes over time. 

Get a classic car insurance policy quote from Hedgepeth-Hutson Insurance Services Inc. We are a great option when you’re on the market for classic car insurance coverage in Nashville, NC. Get in touch with us to learn more!

Why all renters should have renters insurance

Only about 40% of renters carry renters insurance. That means that 60% are counting on the fact that nothing bad will ever happen to them. They like to live on the wild side, or they may think their landlord has insurance covering them. At Hedgepeth-Hutson Insurance Services Inc. in Nashville, NC, we understand how vital renters insurance is and how important it is to your financial security. As independent insurance agents, we put the needs of our customers first and can offer the most choices and best rates. 

Content coverage

Your landlord doesn’t have insurance that protects all the things you own that you have in your rental. If that isn’t a good enough reason to get renters’ insurance, nothing will ever be. Imagine losing all your furniture, your clothing, your electronics, and your personal things. This would be a horrible incident and expensive too. 

Renters’ insurance will cover all your contents while in your rental and when they travel away from home with you in your vehicle, train, or plane. 

Liability coverage

Liability coverage protects your assets today and your future assets and earnings from being lost to a legal judgment against you. You may think that as a renter, you won’t be sued or have someone get injured at your rental or by a family member, but you can’t count on that. Anyone is vulnerable to being sued. 

Loss of use coverage

When your rental gets damaged, you might need to find another place to stay for a time. If you have renters insurance, your policy will pay for a hotel, some meals for you in the short term, and a temporary rental if it is a little longer. 

Contact Hedgepeth-Hutson Insurance Services Inc. in Nashville, NC to discuss what renters insurance can do for you. 

What Is Full-Time RV Insurance?

RVing is an adventure that many people enjoy. It allows you to travel and see different parts of the country while still having all the comforts of home. However, it’s important to remember that RVs are also large vehicles that need to be insured. 

If you live in Nashville, NC, you can insure your RV from Hedgepeth-Hutson Insurance Services Inc., which provides different types of RV insurance, including full-time RV insurance. But before that, take your time to understand this type of insurance policy.

What Is Full-Time RV Insurance?

Full-time RV insurance is designed for people who live in their RVs full-time or spend more than 150 days per year in them. This policy provides coverage for your RV, personal belongings, and liability. It’s important to have full-time RV insurance because it will protect you financially if something happens to your RV or if you are involved in an accident.

What’s Included in Full-Time RV Insurance?

Full-time RV insurance is typically a mix between homeowners insurance and auto insurance. It will cover your RV and any attached structures, such as awnings or satellite dishes. It will also cover your personal belongings inside the RV up to a specific limit. 

In addition, full-time RV insurance provides liability coverage in case you are involved in an accident, and someone is injured, or your property is damaged. If your RV is totaled, most policies will also provide coverage for a replacement RV.

Where Can You Get Full-Time RV Insurance?

Getting full-time RV insurance in Nashville, NC is easy as long as you know where to look. Hedgepeth-Hutson Insurance Services Inc. offers full-time RV insurance for all types of RVs. Talk to our agent to understand the different liability coverage available and your best options depending on your situation.