In today's competitive business landscape, employers are constantly looking for ways to attract and retain top talent. One way to do this is by offering voluntary benefits, which are benefits that employees can opt into and pay for themselves, often at a group discounted rate. In this blog post, we'll explore how offering voluntary benefits can help businesses and business owners in several ways.

South Carolina's beautiful coastal region has always been a prime location for homeowners looking to enjoy the stunning beaches and year-round sunny weather. However, this picturesque region has faced its share of natural disasters, including hurricanes, flooding, and severe storms, leading to a significant impact on the coastal home insurance market.

Over the past few years, South Carolina's coastal insurance market has undergone some significant changes. Let's take a closer look at the current state of the coastal home insurance market in South Carolina.

Introduction

Flood insurance is designed to protect your home, and it can also pay for other types of property damage if you're ever hit by a flood. It's important to know that your homeowner's or renter's insurance policy won't cover floods or water damage caused by them. You may be required to buy flood insurance if you live near the coast or in one of the high-risk flood zones designated by the Federal Emergency Management Agency (FEMA).

Flood Insurance Basics:

• Flood insurance is available to homeowners, renters, business owners, condo unit owners and co-op unit owners.
• You don't have to live in a high-risk flood area to need flood insurance. More than 20 percent of flood claims come from moderate-to-low risk areas, and flooding can occur anywhere it rains. Flooding is one of the most common natural disasters that can cause damage and injury or even death. If you live in a high-risk area but don't have National Flood Insurance Program (NFIP) coverage, you may be able to buy private flood insurance at the same price as NFIP coverage—or even less!
• Flood insurance is a separate policy that you must buy. It is not part of your homeowner's insurance, or renter's insurance policies.
• Flood zones are not just determined by location; they also factor in elevation and your home's floor level.
• If you live in an area with a high risk of flooding, you may need to buy flood insurance. But how do you know if your home is at risk? Before buying private flood insurance, it's important to understand what makes a property more likely to flood and what can be done to mitigate any risk.
• More than 90 percent of all natural disasters in the United States involve some sort of flooding.
• A flood is the most common natural disaster in the United States, according to the Insurance Information Institute. Floods cause more than $1 billion in damages every year and affect 9.7 million people each year. In fact, flooding is so common that 91 percent of all natural disasters involve some sort of flooding.
• Your mortgage lender may require you to buy flood insurance if you live near the coast or in a high-risk flood zone.

National Flood Insurance Program (NFIP Policies)

• The National Flood Insurance Program provides flood insurance and related services to homeowners, renters, business owners, condo unit owners and co-op unit owners. If you are a renter, you can buy a flood insurance policy on your landlord's property. You may also be eligible for coverage if you live in an area that is at risk of flooding such as New York City or San Francisco Bay areas. The NFIP offers two types of policies:
• A Standard Policy - provides coverage up to $250,000 for buildings and contents (personal belongings) up to $100,000
• A Special Risk Policy - covers additional property such as cars or boats
• Being prepared ahead of time is key because a policy takes effect 30 days after you buy it. So if a flood occurs right before your policy starts, you'll be left without protection.
• Get a quote as soon as possible to make sure that you're covered in case of emergency. Don't wait until it's too late!
• In order to get an accurate quote and make sure that you're protected, talk to an agent immediately. You can also get a quote online or over the phone with just a few clicks or calls-it's easy!

Private Flood Insurance

• Private insurers offer both primary and excess policies (replacement cost vs actual cash value).
• You can get up to $4 Million Dollars in Building Coverage and up to $500,000 in Contents Coverage
• Private Flood Policies can take effect as soon as 10 days after you buy it (versus 30 days with NFIP)
• Private Flood will also allow you to cover things like Unattached Structures, Pool Repair, Replacement Cost on Contents, and Temporary Living Expenses

Conclusion

Making sure you're prepared for the next flood season is important. If you live in a moderate or low risk zone, then it probably won't affect your home insurance too much. However, if you live in an area that experiences frequent flooding, then it's best to get flood insurance before anything happens so that it doesn't disrupt your lifestyle any further than necessary.

​IntroductionLife has lots of surprises—some good, some bad, and some downright disastrous. Whether you're a renter or a homeowner, the right insurance can help keep the bad ones from being tragic. Even if you live in the safest neighborhood in town or drive the most reliable car on the road, damage to a property and its contents can be devastating without adequate insurance coverage. The same goes for liability suits against you or your family as a result of bodily injuries to others or even damage to their property caused by an accident on your premises. In other words: Don't take chances with your home and auto insurance policies!
Save money by getting auto and home insurance quotes from several top companiesTo get the best deal, we recommend that you get quotes from several top companies. You can use our tool to see how much you’ll pay for car or home insurance in your state. We’ll connect you with major carriers so that you can compare rates and find the right fit for your needs.
There are many factors that affect how much it costs to insure a car or a home, including:

• The type of coverage you need (liability, comprehensive, collision)
• How much coverage protection do I need?

Compare the coverage and benefits of different policies to find the best one for your needs

• Compare the coverage and benefits of different policies to find the best one for your needs.
• Insurance companies offer different coverage options, including:
• Liability coverage that pays for injuries and property damage you cause to others in an accident.
• Collision coverage, which pays for damage to your car if you hit something or someone else hits you.
• Comprehensive coverage, which covers losses from events such as fire, theft and vandalism that aren't related to collisions with other vehicles or objects like trees when driving on roadways during normal use conditions (this is not available everywhere).
• Personal injury protection (PIP) or medical payments may be required in some states; these cover expenses associated with an injury sustained in a collision with another vehicle or object while driving on roadways during normal use conditions (this is not available everywhere). Some states require drivers who carry personal injury protection (PIP) coverage to also carry uninsured motorist bodily injury liability insurance so that they can recover compensation from responsible parties who don't have insurance policies themselves if injured by uninsured drivers in accidents caused by those drivers’ negligence—for example: “Joe hit Susie’s car while she was driving down Main Street last week because he wasn’t paying attention."

Save money by using our website to compare car and home insurance quotes onlineIf you are looking to save money on your car insurance, home insurance, or both, there is no better way than to use our website or call one of our agents. Our site allows consumers to compare car and home insurance quotes online from several top companies.
Using this tool is easy! Just enter your zip code and the details of your vehicle and/or home into the fields below. Then click "Get Quotes" button below. You will receive instant quotes from several different insurers that offer coverage in your area.
We also have a blog with useful information about auto and homeowners’ insurance as well as a tool that can help you find out if you qualify for any local discounts on these policies.

Conclusion:

Well, that’s it for this guide to home and car insurance comparison! We hope that you now have a better understanding of these two types of insurance policies, how they are different from each other, what they each cover, etc. By following the tips provided in this article you should be able to find an affordable policy that offers the right coverage for your needs!

You can reach us at or 843.707.4473 or 833.414.3040 or email us at info@gspins.com.

​GSP Insurance Group is headquartered in Bluffton, South Carolina (near Hilton Head & Beaufort) and serve clients in Georgia and South Carolina.

Full coverage is a term we hear a lot in the insurance industry.
It's something that, quite frankly does not exist and should never, ever, ever be used by an insurance agent. If your insurance agent uses the term full coverage, you should run as quick, fast and as far as you possibly can, because there is no insurance policy out there that covers everything in every situation, it does not exist.


LIABILITY COVERAGE
Liability coverage is typically included in all auto insurance policies, as it's required by law in most states. Bodily injury liability coverage helps pay for another person's medical expenses if you cause an accident. Property damage liability coverage helps pay for damage you cause to another person's property in a car accident.

Each state sets minimum liability coverage limits that drivers must purchase. Typically, the liability coverage in an auto insurance policy will contain three limits:

The maximum payment for bodily injury per person
The maximum payable for bodily injury per accident
The maximum payable for property damage

You may want to go beyond the state requirements and buy a policy with higher liability limits. Higher coverage limits typically mean you'll pay higher premiums, but you'll have more protection if you cause an accident.

COMPREHENSIVE AND COLLISION COVERAGE
If you are still paying off an auto loan or if you have a lease on your vehicle, your lienholder or financing company usually requires collision coverage and comprehensive coverage. Otherwise, if your vehicle is paid off, these two coverages are typically optional on a car insurance policy.

Collision coverage helps pay to repair or replace your vehicle if it's damaged in a collision with another vehicle or object (such as a fence). Remember, collision coverage helps protect your vehicle, while property damage liability helps pay for damage you cause to another driver's vehicle.

Comprehensive coverage helps pay to repair or replace your vehicle if it's stolen or damaged by things like hail, animal damage or vandalism.

Comprehensive and collision coverage each have deductibles and limits. A deductible is the amount you pay out of pocket toward a covered claim. A limit is the maximum amount your insurance will pay out for a covered claim.

RENTAL REIMBURSEMENT COVERAGE
Rental reimbursement coverage helps pay for a rental car while yours is being repaired after a covered loss. Be sure to check the coverage limits — typically, rental reimbursement pays up to a certain dollar amount per day, for a set number of days.

UNINSURED AND UNDERINSURED MOTORIST COVERAGE
Uninsured motorist coverage helps protect you against drivers without insurance. If you're injured in an accident caused by another driver, that driver's liability insurance will usually help cover medical expenses you incur — unless that driver doesn't have auto liability coverage. In that case, your uninsured motorist coverage would help pay for expenses related to your injuries.

Underinsured motorist coverage works similarly: It takes effect if the other driver who caused the accident has insurance, but their liability coverage limits are lower than the limits that trigger underinsured motorists coverage in your state. Check your state’s insurance requirements or ask your agent for more information about this coverage.

MEDICAL PAYMENTS COVERAGE/PERSONAL INJURY PROTECTION
Medical payments coverage helps pay for your (or your passengers') medical expenses after an accident, regardless of who is at fault. Covered expenses may include things like surgery or X-rays.

Personal injury protection (PIP) isn't available in all states, but it's required in some states. PIP works similarly to medical payments coverage — it helps cover your medical expenses resulting from a covered loss. In some cases, it may also help you pay for other expenses while you're healing. These expenses may include child care services and lost income as a result of your injuries.

While there's technically no such thing as "full coverage" auto insurance, you can choose from a number of car insurance coverages to help protect you, your assets, your passengers and your vehicle.

At GSP Insurance Group we pride ourselves on providing savings and a customer experience second to none.

You can reach us at or 843.707.4473 or 833.414.3040 or email us at info@gspins.com.

​We are headquartered in Bluffton, South Carolina (near Hilton Head & Beaufort) and serve clients in Georgia and South Carolina.