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PAL Finance Group, LLC

985 Amicks Ferry Rd
Chapin, SC 29036

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Featured Insurance Blog

Who needs to have motor home insurance in Chapin?

Those that are in the Chapin, SC area and want to be able to explore the state should consider buying a motor home. With a motor home, you will have a safe mode of transportation and a place to sleep at night when you are touring the local area. There are several situations when you will need to have a motor home insurance plan. 

Those with Loans

One situation when you will need to have a motor home insurance plan is when you are going to take out a loan. A lot of owners and buyers of motor homes will choose to use financing to purchase the vehicle. If this is the case for you, it is important for you to comply with any lender standards. In a lot of cases, this includes requiring you to carry a full insurance plan. 

Those who Want Protection for Liability Risk

An owner of a motor home has a unique set of liability risks. You will have liability risk associated with driving the motor home and the risk that comes with having guests over to visit when you are not driving. If you get a full insurance plan, you can get liability protection to offset and mitigate both of these risks. 

Those that would like to get motor home insurance in the Chapin, SC area would benefit greatly by calling the PAL Finance Group LLC. There are always a lot of important choices to make when looking for motor home coverage. The PAL Finance Group LLC team can help answer your questions and ensure you are informed about your needs and options. The team can then help you build a plan that is ideal for your situation. 

RV Insurance Explained

When you buy an RV in the state of South Carolina or move to this state with an RV, you must purchase RV insurance. This policy protects the other people on the road and your vehicle as long as you elect full coverage.

Similar to auto insurance, each state has minimum requirements for recreational vehicles. The insurance requirements include:

  • bodily injury in the amount of $25,000 per person per accident,
  • bodily injury in the amount of $50,000 total per accident,
  • property damage coverage of at least $25,000.

You probably want to insure your RV with higher coverage than that since the state minimum insurance only protects the other drivers and the pedestrians on the road. It pays their medical costs and to repair or replace their vehicle.

You need to add coverage from PAL Finance Group LLC to protect your RV. You need collision and comprehensive insurance. Collision does just what it sounds like. It protects you when you collide with a different vehicle or stationary object and provides the money to repair or replace your vehicle. So, if you hit your neighbor’s mailbox in Chapin, SC, your vehicle still gets repaired using insurance money.

Comprehensive insurance also provides property protection for your RV. It pays for repairs or replacement when your vehicle incurs damage from a named peril such as a tornado, fire, hail, or ice storm. Any type of act of nature typically gets covered by this policy type.

You could also elect to add roadside assistance. This policy works like triple AAA to provide tow service and fuel and tire change services on the road. It comes in handy if your car or truck breaks down while you travel.

Personal injury protection (PIP) provides funds to pay your medical bills and rehabilitation stemming from any accident. If the accident was a single-vehicle incident, it pays everything up to the coverage amount you elect. The person at fault’s liability insurance pays first in a multi-vehicle accident, and your PIP kicks in after that.

Contact PAL Finance Group LLC serving Chapin, SC for more information on RV insurance. Let us help you get the coverage you need, so you never need to pay out of pocket for repairs or replace your damaged RV.

Things To Consider When Buying Motorcycle Insurance

If you are going to buy a motorcycle or have already purchased one, motorcycle insurance is must-have. It may difficult for you to choose the right policy, especially if you have never had this type of insurance before. Therefore, to help you make the right choice, PAL Finance Group LLC, serving Chapin, SC, has created a list of things you should consider when shopping for motorcycle insurance:

  • The deductible. It is the amount that a policyholder has to pay out of pocket before their insurance kicks in. If you pick a higher deductible, then you will pay less for the insurance itself. However, if your deductible is too high, you will have to pay a lot out of pocket in an accident. 
  • The frequency of use of your bike. The more you use your bike, the better policy you need. For example, if you ride it daily, a full coverage policy is what you need. However, if you occasionally use it and it is more like a leisure vehicle for you, much coverage is not necessary. If you are not sure, then you should talk to your insurance agent first. 
  • The type of your bike. If there are any modifications on your bike, you should be ready to pay more for your motorcycle insurance. Moreover, it is also more expensive to insure bikes with bigger motors. For this reason, if you want to save some money on insurance, it is better to buy an old and simple motorcycle with a smaller motor and no modifications. 

If you are a motorcycle owner and want to protect yourself and your precious vehicle, carrying proper motorcycle insurance is important. If you live in Chapin, SC, or any other surrounding town and are looking for a trustworthy insurance company, PAL Finance Group LLC is ready to help. Do not hesitate to give us a call to find out about the options available. 

Why should I get boat insurance in South Carolina?

For those in the Chapin, SC area, owning a boat can be a great option. Those who are boat owners will enjoy all of the local waterways and can spend many great days under the sun. If you are going to look for a boat here, you should also spend time thinking about your insurance needs. There are several reasons that you should get boat insurance. 

Insurance Gives Important Protection

One reason that you should get boat insurance in South Carolina is that it will give you very valuable coverage and protection. When you get a full boat insurance policy, it will give you coverage for liability and protect you if your boat is damaged or destroyed. Ultimately, this helps protect your investment and can give you peace of mind knowing that you are covered for many situations that could result in a loss.

Insurance if Often Required

Another reason that you should get boat insurance is that it is often a requirement. When you take out a boat loan to purchase a boat, the lender will likely require that you carry insurance at all times as it will ultimately protect their collateral. Also, depending on where you want to use your boat, you may be required to carry liability insurance as it ensures you can pay for any damages that may be caused in an accident.

When looking for a new boat insurance policy in the Chapin, SC area, it would be a good idea for you to call PAL Finance Group LLC. If you do call PAL Finance Group LLC, you can learn a lot more about how the insurance can protect you. This will ensure you remain properly covered at all times. 

Will Your Condo Insurance Cover Your Pets?

Many people have pets that bring joy to their lives, but they also want to make sure those pets are protected if they should get sick or something should happen to them. Because many states consider pets to be property, there’s an assumption that they’ll be covered by home or condo insurance. But that’s actually not the case. If you want to have your pets covered, they’ll need their own type of insurance. If you have other insurance questions and you’re in the Chapin, SC area, PAL Finance Group LLC wants to help you get the answers you’re looking for so you can have the right insurance policy and the peace of mind that comes with it.

You don’t have to settle for vague answers or a policy you’re not sure about when you have the option to choose a quality policy from a trusted company and dedicated agents. We’ll make sure you get all your questions answered, and we’ll also take care to focus on the kind of policy you need to have to protect your home the right way. Some policies are very different from others, and not all of them will provide you with the type of condo coverage that’s going to be right for your needs.

If you’re in or around the Chapin, SC area, having proper condo insurance is easy when working with PAL Finance Group LLC. Whether you have questions about your pets or just about anything else, we’ll be there to help you find the answer you’re looking for. You can get a great condo policy you can trust, and when you find the one that’s right for your needs, our agents will make sure it really fits what you’re looking for so you can enjoy your condo without worry and stress.

7 Top Health Insurance Terms You Should Know

Making Sense of Your Health Insurance

Your health insurance plan may not always be the easiest to understand. It can have a confusing language that may leave you wondering what you even have covered.

At PAL Finance Group LLC of Chapin, SC, we know it can be not very clear to understand all the life insurance terms. We have agents who can help walk you through your policy coverage to feel confident knowing all the details.

Understanding Key Terms

There are many different terms used in health insurance that describe the many different functions and actions of your policy. Here is a list of some standard words you may hear:

  • Insurance Copay – This is a fixed amount that is required at the time medical services are provided.
  • Deductible – Amount the insured must pay yearly before medical benefits can be accessed.
  • Lifetime Maximum – This is the complete amount that will be paid for a particular service.
  • Coordination of Medical Benefits – When two health insurance plans are used with four services.
  • Prior Authorization – Review and authorization for a particular specialist type of medical service. 
  • Employer Waiting Period – The time it takes to determine the eligibility of insurance by an employer for an employee.
  • Health Provider Networks – Predetermined service providers in a healthcare plan.

Your Trusted South Carolina Insurance Agents

Contact us at PAL Finance Group LLC of Chapin, SC to schedule an appointment to speak with one of our representatives about the ins and outs of your health insurance coverage. If you need health insurance or any other kind of coverage, we have a range of options we can discuss with you. We look forward to helping with your insurance needs.

 

What types of life insurance options are available?

When you are in the Chapin, SC area, it is very important that you receive proper personal insurance coverage. A very important form of coverage to consider getting is life insurance. If you believe that life insurance is right for you and your situation, picking the right type of coverage is a big choice. There are two main types of coverage to consider. 

Term Life Insurance

One type of life insurance to consider is term life. When you are looking for the most amount of coverage possible with the lowest monthly premium payment, term life is your best bet. When you choose this type of policy, you can pick a policy that works for you and provides the coverage you need for a specific period of time. Once the term is over, the coverage will cease but it is a great option for those that need specific coverage.

Whole Life Insurance

For a lot of people, a whole life policy is a good option. When you get whole life, you are going to receive coverage for the rest of your life. This type of policy can ensure continued coverage as long as payments are made, but premiums tend to be higher. However, a portion of your payment will build up in an account that you can liquidate when you want. 

There are a lot of great life insurance options to choose from and picking the right one is a big decision. When you are looking for a policy, you should call PAL Finance Group LLC to discuss your needs. The team at PAL Finance Group LLC can help those in the Chapin, SC area determine their needs and options for life insurance. This can help to ensure that you continue to be properly covered and protected.

Three things you should know about auto insurance in South Carolina

Motorists in South Carolina must be adequately informed about their insurance responsibilities. At PAL Finance Group LLC, we offer auto insurance coverage to drivers in and around Chapin, SC.

Here are three things that South Carolina motorists need to know about auto insurance requirements in their state. 

Motorists in South Carolina need to have at least $25,000 in property damage coverage. 

Motorists could be held liable for the costs of any property damage that results from accidents they are involved with. For this reason, the state requires auto insurance coverage to include at least $25,000 in property damage coverage. 

Motorists in South Carolina need to have at least $25,000 in bodily injury coverage per person per accident. 

Another urgent liability requirement is bodily injury coverage. The required amount of coverage per individual in an accident is $25,000. The state also requires at least $50,000 in bodily injury coverage total for an accident if multiple individuals are injured. 

South Carolina is a state that has requirements regarding both uninsured and underinsured motorist coverage.

South Carolina is one of the numerous states that includes uninsured motorist coverage along with its insurance requirements. There are two types of uninsured motorist coverage that the state requires. These include uninsured and underinsured motorist bodily injury coverage and property damage coverage. 

Of course, another requirement for state auto insurance policies is that motorists carry proof of insurance with them in their vehicles while driving at all times. 

If you’re on the market for the right insurance policy for your needs, we’re here to help. Send us a message at PAL Finance Group LLC to explore our auto insurance policies in Chapin, SC. 

Tips to Get The Right Commercial Insurance

If you have put years of hard work and all of your efforts into developing your business, you want to protect it from unforeseen circumstances. The best and smartest way to do that is to get commercial insurance. Finding the right business insurance might be a challenging task, and therefore PAL Finance Group LLC in Chapin, SC prepared a brief guide for you on how to get the right commercial insurance for your business: 

Be Aware of Risks

Before you start searching for an insurance plan, it is crucial to evaluate the risks that might affect your business. Create a list of all possible risks, including business interruption, natural disasters, and even cyber-attacks. When the list is ready, look through it and rank the risks in order of how likely and how detrimental each of the risks could be for your business.

Take Your Time

When it is time to get a policy, do not rush into making a decision, and do not settle on the cheapest policy that you have found. Take your time and shop around to find other available options. Choose at least three insurance companies and compare their policies and prices. Ask their agents as many questions as you need. 

Review Your Policy Annually 

Whichever policy you choose, make sure you review and update it at least once a year to make sure it is still applicable to your business. Remember that your commercial insurance is growing along with your business. You might need an additional area of coverage or increase the level of coverage. 

If you are a business owner from North Carolina, South Carolina, or Georgia and you are shopping for business insurance, contacting PAL Finance Group LLC in Chapin, SC is a smart decision. Our knowledgable agents understand your needs and are ready to help you to find the best coverage option for your business. 

3 Ways Home Insurance Protects You

Home insurance is something that most people don’t have anything to do with until they buy a home, and suddenly they need to be an expert. What does it cover, what is excused? It’s all so confusing. If you don’t feel like you are an expert and you live near Chapin, SC, PAL Finance Group LLC is there to help you navigate the complicated world of homeownership and home insurance.

Home Structure

Your home policy covers the structure of your home from a variety of hazards, fire, wind, vandalism, ice, lightning strikes, and more. Check your policy for a complete list of covered hazards and also a list of exclusions. The policy also covers attached structures like a garage and unattached structures, such as a shed or casita. Normal wear and tear are not included. 

Personal Belongings

Your personal belongings include everything from your appliances and electronics to your clothing and jewelry. If you have valuable items, they may need an additional rider. Check your policy for limitations of specific categories such as jewelry and art. Your policy will cover your personal property even if you are not at home, and your item is stolen from your car or luggage. 

Liability

Liability is an integral part of your insurance coverage. It protects you when someone is injured on your property or by a member of your family, even a pet. Legal fees and judgments can be costly, and if you need it, your home insurance can be a lifesaver in this situation. 

When you want to talk about the home insurance policy that is right for you, give the office of PAL Finance Group LLC in Chapin, SC a call or stop by. You can make an appointment to discuss your needs and get a free no-obligation quote.