Raleigh NC

Are Raleigh Business Owners Required to Purchase Flood Insurance?

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State law doesn’t require Raleigh, NC business owners to purchase flood insurance. However, if you took out a loan to buy a commercial property, your lender will require that you carry this type of insurance. This is especially true if your business is in a part of the city that has a moderate to high flood risk. Raleigh is prone to flooding when heavy rains cause creeks and riverbanks to overflow their banks, and regular home and business insurance won’t cover flood-related loss or damage.

What’s Covered by a Commercial Flood Insurance Policy?

Commercial flood insurance covers damage to your business structure. This includes the roof, walls, foundation, plumbing, electrical wiring, and large appliances. Commercial flood insurance also covers your business equipment, inventory, furniture, and other assets stored on the premises. Additionally, it can cover the cost of cleaning your business after a flood and even provide compensation for upgrades you make to prevent future flooding. However, it doesn’t cover commercial vehicles or business assets stored on your premises. It also won’t cover the loss of important papers.

Commercial flood insurance also covers home-based entrepreneurs who store business assets inside their homes. A residential flood insurance policy will compensate for damage to the house and appliances, but it won’t cover business assets or inventory in the house. If these items are valuable and difficult to replace, you may want to consider purchasing a residential and commercial flood insurance policy.

Call Craig Insurance Group for More Information

Craig Insurance Group specializes in helping Raleigh, NC, business owners from a wide range of industries find commercial flood insurance that meets their needs and budget. Call us to learn more about your policy options or to get a quote on a specific policy.

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How to Protect Your RV Against Weather-Related Damage

Posted on by Craig-Peterson Agency

Owning a recreational vehicle (RV) allows you to explore the great outdoors while enjoying the comforts of home. However, RV ownership is responsible for protecting your investment against the elements. Weather-related damage can pose serious risks to your RV, whether it’s heavy winds threatening structural harm or large hailstones pummeling the roof. At Craig Insurance Group in Raleigh, NC, we offer comprehensive insurance to protect your RV from a range of perils.

Understanding Weather-Related Risks

Weather-related damage to your RV can take many forms. Wind damage during storms and hailstones are some of the most common threats, but they’re not the only ones. Water damage can occur from flooding and leaks. Your RV can also experience UV damage due to prolonged sun exposure.

Preventative Measures for Your RV

Taking proactive steps to protect your RV from weather-related damage can save you significant time, money, and stress. Regular maintenance and inspections are essential to keeping your investment sound. You’ll also want to have a proper storage solution where the vehicle is well-covered and out of the elements.

Choosing the Right RV Insurance

While taking preventative measures to protect your RV is important, having the right RV insurance is equally as important. Comprehensive coverage can help cover non-collision incidents, such as storms, theft, and vandalism. You may also consider special endorsements to protect against damage caused by severe weather.

Protect Your RV With Tailored Coverage

Safeguarding your RV from weather-related damage requires a proactive approach, combining routine maintenance, intelligent storage solutions, and insurance coverage. We tailor your RV insurance to meet your unique needs and budget at Craig Insurance Group. Call our Raleigh, NC office at 919-786-1960 to build your policy.

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How to Prepare Your Boat or Watercraft for Hurricane Season in Raleigh, NC

Posted on by Craig-Peterson Agency

When Does Hurricane Season Begin in Raleigh, NC? 

Hurricane Season in Raleigh, North Carolina, typically runs from June 1st through November 30th each year. Learn how to prepare your boat or watercraft for hurricane season from the insurance experts at Craig Insurance Group. 

Raleigh-Specific Hurricane Risks 

While Raleigh isn’t situated directly on the coast, its proximity to the ocean makes it prone to feeling some of the most devastating effects and the aftermath of Atlantic hurricanes. 

Raleigh residents won’t typically have to battle high storm surges; however, they may experience flooding from heavy rainfall overfilling local rivers and creeks and structural failures caused by hurricanes. 

During extreme weather events, high-velocity winds and wind gusts from blowing hurricanes can easily damage boats, watercraft, and other water-faring vessels. 

Your boat’s susceptibility to sinking or flooding during a strong hurricane depends on some of the following factors: 

  • Boat Type and Condition 
  • Hull Material 
  • Mooring and Anchoring Practices 
  • Hurricane Preparedness 

Boat and watercraft owners should note that there are always some potential risks of sinking or flooding, especially during strong hurricanes with violent winds. 

Prepare Your Boat or Watercraft for Hurricanes 

  • Equip Your Vessel with Emergency Supplies
  • Create An Evacuation Plan
  • Know your Evacuation Routes 
  • Look up Local Road Conditions 
  • Research the Weather Conditions
  • Prepare for Power Outages 

Get more local advice from the boat and watercraft insurance experts at Craig Insurance Group and get a comprehensive quote for boat and watercraft insurance when you contact us today! 

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The Rising Need for Personal Umbrella Insurance

Posted on by Craig-Peterson Agency

At Craig Insurance Group in Raleigh, NC, we’ve observed a growing trend in claims that could be covered under umbrella insurance. These policies offer added liability coverage beyond your primary policies, including auto and homeowners insurance. This article will highlight scenarios where umbrella insurance can be incredibly beneficial.

Situations Where Umbrella Insurance is Advantageous

Numerous unexpected situations occur in our everyday lives. Preparation for such incidents can be significantly boosted with a personal umbrella insurance policy.

Homeowners Protection

In addition to your primary policy, umbrella coverage can cover expenses exceeding your liability insurance. This additional coverage can be beneficial if someone sustains injuries on your property or causes damage to another’s property.

Automobile Accidents

This scenario offers a compelling argument for considering umbrella policies. Standard auto insurance policies might not cover the complete cost of damage resulting from severe accidents causing extensive injuries or property loss. An umbrella policy can fill in this gap.

Social Host Liability

If an event you host sees a guest sustain injuries or property damage occurs, your umbrella policy might offer essential protection.

Defamation or Invasion of Privacy

If a personal dispute escalates into legal matters in this modern digital era, umbrella insurance can offer a comprehensive layer of coverage if you find yourself amid defamation or invasion of privacy claims.

Prepare for Unexpected Incidents

If you want to be prepared to tackle the potential hazards of daily life, contact Craig Insurance Group in Raleigh, NC, to learn more about umbrella insurance coverage. We’ll guide you toward an appropriate policy and provide a coverage quote.

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Why You Need Flood Insurance Outside a Flood Zone

Posted on by Craig-Peterson Agency

Securing a home and flood insurance is crucial when you buy a house. Without flood insurance, you leave yourself susceptible to a widespread disaster that can annihilate a dwelling. Flood insurance often gets overlooked, but this oversight can lead to catastrophic financial loss in the event of a flood. Floods can be incredibly damaging, and it’s crucial that you’re protected against this risk. Contact us at Craig Insurance Group in Raleigh, NC to initiate a policy.

Flood Zones

Many areas, specifically those adjacent to water bodies, are identified as flood zones. These areas are predicted to endure floods within a certain time frame, like every 20 or 50 years. Typically, homeowners in these areas are required to purchase flood insurance to safeguard their property. However, floods can occur anywhere, not just flood-prone areas. Being financially unprepared for such an event is easier than you might think.

Flood Claims

While most flood claims originate from flood zones, not all do. Roughly 20% of claims come from areas non-designated as flood zones, which implies that one out of five flood claims ensue from regions where the necessity for flood insurance might be underestimated. Being financially prepared is always the best course of action when faced with potential flooding that can severely damage or annihilate a home.

Get Flood Insurance No Matter Where You Live

Flood insurance is necessary regardless of your dwelling location. Contact us at Craig Insurance Group in Raleigh, NC to discuss coverage.

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Financial Stability: Making the Most of Life Insurance Payouts

Posted on by Craig-Peterson Agency

Receiving a life insurance payout can provide financial stability during a challenging time. Managing this payout is crucial to ensuring long-term financial security and meeting immediate needs around Raleigh, NC.

Assess Immediate Financial Needs

Upon receiving a life insurance payout, the first step is to assess immediate financial needs. This includes covering funeral expenses, paying off outstanding debts, and addressing immediate living expenses. Prioritizing these needs ensures that you and your family remain financially secure during the initial period following a loss.

Establish an Emergency Fund

Creating or bolstering an emergency fund is vital in maintaining financial stability. An emergency fund offers a safety net for unexpected expenses. Aim to set aside three to six months’ living expenses in a readily accessible account.

Pay Off Debt

Using some of the payouts to pay off high-interest debt is a smart move. This can lower monthly expenses and provide more financial flexibility.

Invest for the Future

Investing part of the payout can help secure your financial future. Standard investment vehicles include stocks, bonds, mutual funds, and real estate. Diversifying your investments can help grow your assets and provide a steady income stream.

Plan for Long-Term Financial Goals

Allocate funds towards long-term financial goals, such as retirement savings, college funds for children, or other significant life events. Setting aside money for these goals ensures you are prepared for the future.

Seek Professional Advice

A professional financial advisor can provide tailored guidance on budgeting, investing, and planning to maximize the payout’s benefits and maintain economic stability.

Craig Insurance Group Helps Guide You

Craig Insurance Group will help guide you and show you how life insurance can save you in the long haul. Our team covers the Raleigh, NC region. Get in touch with us today.

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Insuring Your Items in a Storage Unit

Posted on by Craig-Peterson Agency

At Craig Insurance Group, we serve our Raleigh, NC neighbors with renters’ insurance that helps them protect their financial investment in their personal belongings. When you rent a home, your landlord’s insurance covers the structure, but your renter’s policy covers your personal property inside the house. But renters need to cover items stored elsewhere, too.

Renters Insurance Covers Storage Units 

Renters insurance covers more than the items in your apartment or home. You can purchase renters’ insurance for a storage unit’s contents or a rented garage space. It will cover all the items you store inside the unit.

This applies to a garage space you rent, too. Renters’ insurance covers the vehicle, parts, and tools you store there.

Renters’ Insurance Components

Your renters’ policy contains two components – personal property coverage and liability coverage. If something happens at the storage unit or garage that damages your property, the insurance policy covers the replacement of it up to the policy maximum.

The liability component kicks in if, for instance, an accident occurs while you work on your vehicle at the garage or while you and a buddy move things into your storage unit. The liability component covers your medical expenses and that of your friend.

Update Your Renters’ Policy 

Contact Craig Insurance Group today to update your renters’ policy to cover your belongings stored in a storage unit and your other rented spaces, such as your garage parking. Your rented space doesn’t even have to be in Raleigh, NC. Our policies cover your items stored throughout North Carolina. Just add the addresses of storage units to your policy. Call us today to update your renters’ policy. 

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Do You Need Personal or Commercial Auto Insurance?

Posted on by Craig-Peterson Agency

Do you sometimes use a personal vehicle for commercial purposes? If so, you may need to buy a commercial auto insurance policy to avoid being denied compensation if you’re involved in an accident.

When Does a Personal Vehicle Need Commercial Auto Insurance?

Raleigh, NC residents will need commercial auto insurance if a personal vehicle is used for the following purposes:

  • Business deliveries– If you work for DoorDash, Uber, Lyft, or similar companies, you’ll need commercial auto insurance.
  • Travel to and from markets- Do you sell goods at a local market? If so, you may need commercial insurance. This depends on the type of items you transport. Talk to a knowledgeable insurance agency such as Craig Insurance Group for expert advice.
  • Travel to meet with clients- Do you regularly travel to meet clients or business partners or to close sales? You’ll need commercial insurance if you use your vehicle for this purpose.
  • Employee Travel- Your vehicle will need commercial insurance if you want coverage for employees who are using the vehicle for business-related work.

What is and isn’t Covered by Commercial Auto Insurance?

A basic commercial auto insurance policy covers bodily injury, property damage, collisions, and medical payments. It also includes liability coverage and uninsured motorist coverage. However, it doesn’t cover the theft of the vehicle. It also won’t cover theft, damage, or loss of valuable business assets stored in or transported by the vehicle. 

Get Insurance Assistance from Craig Insurance Group Today

We take pride in helping Raleigh, NC, entrepreneurs find the right insurance policies for their businesses. Contact us to learn more about commercial auto insurance options or to get a quote on your chosen policy.

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On the Water or On Your Trailer Boat Insurance Has You Covered

Posted on by Craig-Peterson Agency

Imagine Bob’s ordeal; "As I reversed the boat off the ramp, Dave urgently honked…". These dramatic episodes occur frequently, especially among boat owners around picturesque locations like Raleigh, NC. For them, the professional and veteran team at the Craig Insurance Group brings peace of mind thanks to their extensive expertise in insuring all boat-related incidents.

Shielding Your Boat In Every Situation

Although the actors and circumstances may differ, many boating accidents reveal striking resemblances. They typically commence with a simple exercise on a mundane day and often occur even before the boat reaches the water. Moreover, these mishaps tend to occur in the most extraordinary situations, often resulting in damage to structures like sheds, barns, or garages where boats are stored.

Such commonly encountered scenarios illuminate the importance of boat insurance. With a comprehensive coverage plan, you can secure your maritime vessel in transit, on water, or while in storage.

Equip Yourself with Proficient Boat Insurance

If you have inquiries about boat insurance, the well-versed and professional team at the Craig Insurance Group is here to assist you. Contact us today to avail the protection Raleigh, NC boat owners warrant. Oh, and by the way, Bob and Dave emerged unscathed, but their boat didn’t fare as well.

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How RV Insurance Protects You on and off the Road

Posted on by Craig-Peterson Agency

Secure Your Travelling Home with Craig Insurance Group

Are you a proud RV owner in Raleigh, NC looking for comprehensive RV insurance? At Craig Insurance Group, we appreciate the treasured investment that your RV is and the numerous ways in which you may use it. Whether it’s your full-time home on wheels or a stored vacation unit, we ensure it receives the right cover.

Why Choose Our Skilled Agents for RV Insurance?

At Craig Insurance Group, we understand the unique requirements and risk factors associated with owning an RV. Our dedicated agents prioritize securing your RV against damage, theft, and other potential losses.

Is Your Stored RV Insurance Protected?

Many RV owners make the mistake of suspending their insurance during non-travel periods. Your RV may be at risk even while in storage, making ongoing insurance essential. Our agents are committed to ensuring you remain protected all year round.

Getting the Right Coverage for Your RV

Understanding and selecting the right insurance can be daunting. Our agents bring deep knowledge, enabling them to provide the best quotes from leading insurers for your consideration. This enables you to select the coverage that fits your needs confidently.

Contact Craig Insurance Group for RV Insurance in Raleigh, NC

Let’s secure your RV together. If you’re in Raleigh, NC, and are looking for comprehensive RV insurance coverage, contact us at Craig Insurance Group today. We provide round-the-year protection for your mobile home, regardless of how frequently it hits the road.

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