Posted on: March 13th, 2015 by

On her way out the door to an early morning doctor’s appointment, Corrie saw the familiar orange vested men climbing the utility pole in front of her house. She approached the electricity company’s truck parked on the street and found a supervisor. He informed her the power would be out for a couple hours while they did some necessary repair work.

Already running late, she nodded and set off. She had several errands to run and the lights would be on well before she got back home.

Saddled with groceries, Corrie returned home that afternoon. The sky had darkened through the day and sheets of rain soaked her to the skin as she made three trips through the puddled driveway to carry in her bags. Well, at least the power was back on.

Groceries put away, she proceeded through the house to reset all the clocks that were now flashing that annoying twelve o’clock. She headed to the basement to reset the alarm clock in the guest room. By the time she hit the third step in the dim stairwell she realized something was wrong.

Water was swelling onto the stairwell, high enough to touch the railing above the bottom step. That meant the basement beyond the stairs was flooded with water at least waist deep.

Uncertain about how much danger she may be in given the electronic devices in the basement, she grabbed her jacket and splashed back out to her car. Wondering if the power outage had caused a problem with the sump pump, she called her insurance company with a plea for help.

Corrie found out the hard way that she did not have appropriate coverage. Like many homeowners, moving into a new home is filled with a thousand little details, one of them being insurance. At the time of the application, she only requested whatever the required basic insurance, thinking it would cover any major problems.

Understanding Your Coverage

Depending on where you live, the mandatory coverage may be different. Fire and liability are usual, but what about if a tree falls on your home? Vandalism, floods, natural disasters or damage caused by emergency services may not be included in your insurance coverage.

Take a look at your current Florida homeowners insurance policy. The majority of people don’t have so much as a crease around the staple from the paper being folded over to read the next page. No crease means you’ve never really looked at your policy. Your insurance coverage is there to protect you, so you have a responsibility to yourself to know exactly what you have. Read, ask questions and understand.

Things to Ask Your Provider

When applying for the policy or visiting a website, standard questions about the home were asked. But you should be asking a few of your own. For example, in Corrie’s case, her sump pump not working during a power outage was not covered. However, some policies will allow coverage if the pump has a battery back-up. If the pump can’t keep up during a severe situation, the battery back-up allows the claim to be accepted.

You may not understand in complete detail how your policy works, but your provider does. So start the conversation by asking detailed questions.

  • Does the age and type of furnace change the insurance coverage?
  • Are old windows covered in storm or damage cases? What about in the event of a break and enter?
  • Do septic systems have special requirements?
  • If your rental hot water tank malfunctions and floods part of the house, is that covered?
  • What type of DIY projects may nullify parts of the insurance?
  • Will home improvements change the policy?
  • What about the barbeque? Portable backyard pools? Do they void your insurance?
  • What are the requirements for having an inground pool?
  • Can you be sued if someone suffers injury or accidental drowning? Are you covered against that liability or is it extra?

“What Do I Need to Know About…”

When you move into a new home, it’s obviously difficult to anticipate every detail that may inadvertently cause problems with your insurance. However, once you’ve unpacked and settled in, break out a pen and notepad and walk around the inside and outside of your property. Take pictures or videos to help you explain parts of your property.

Make notes of everything from fences to old trees to discuss your insurance coverage in detail with your provider. If you’re planning any home renovations, run it past your agent first, so you understand what coverage you need both during and after the reno. If you’re not sure what to ask, just detail your house and ask, “What do I need to know about this?”

Your provider is the best source when it comes to understanding your coverage. Set aside appropriate time to learn how your policy works. You can then set priorities on any additional coverage you need and review the estimates for the premiums. Otherwise, if you’ve never so much as glanced at your policy, you may find out the hard way how little protection you have.

Posted on: February 19th, 2015 by

Trying to score cheap Florida auto insurance is certainly a worthwhile goal, but it can seem like one that’s difficult to obtain at times. Even as you do everything possible to get cheap Florida auto insurance, you’re going to find that it still seems pretty expensive. The simple and unfortunate fact of the matter is that auto insurance rates are continuing to climb. There are a number of factors that contribute to this fact.

 

Does that mean that cheap Florida auto insurance is out of your reach? Absolutely not. Nonetheless, it’s a good idea to understand why auto insurance rates in Florida and elsewhere continue to rise in this day and age.

 

How To Get Cheap Auto Insurance

Auto insurance in Florida is mandatory. Although you can opt to get the absolute minimum (ten thousand dollars) for both Personal Injury Protection and Property Damage Liability, many people prefer instead to go beyond the minimum. It’s all about making sure you have the most comprehensive level of auto insurance protection possible.

 

You may feel as though the rates you find through research are a bit on the high side. If you notice this trend amongst quotes from even the most reliable, reputable auto insurance companies in Florida, there are several reasons as to why this is the case. Understanding those reasons will then lead to the understanding that even if the rates are still a little high, getting auto insurance is still something you should take care of immediately.

 

Yes, it’s true that you can cheap Florida auto insurance through a website and by meeting certain standards. It helps to understand the factors that can potentially make your auto insurance rates a little high:

 

  • The current state of your driving record. What kind of driving record do you have? Have you had a number of tickets? A DUI? A DWI? Have you been in one or more accidents in the past? The cleaner your driving record, the lower your auto insurance rates are going to be.
  • Your gender. Statistics indicate that men get into more car accidents than women. If you’re a man, this is potentially going to be something the car insurance provider is going to look at.
  • Are you married? Believe it or not, but marital status can be another influence on your auto insurance rates? Married drivers are considered by and large to be safer drivers than those who are not married.
  • Your credit history. It’s the same thing as it is with your driving record. The better your credit history, the better your rates are going to be.
  • Where do you live? If you live in a densely-populated area of Florida, your insurance rates are going to be higher than someone from a rural setting.
  • What type of car do you drive? Cars that are considered smaller and lighter are considered to be higher risks than larger, heavier cars.

 

What Can You Do?

While you can’t control your age or gender, you should do whatever is necessary to improve your driving record and credit history.

Posted on: February 19th, 2015 by

Chances are when you first got your driver’s license, your parents paid for your auto insurance.  Now that you’ve moved out on your own, auto insurance is now your responsibility.  Before you run out and purchase an auto insurance policy from https://floridainsurancequotes.net/florida-auto-insurance/, make sure you know what you are looking for when choosing the best policy for your budget.

 

Why do you need auto insurance?

 

In most states, it is illegal to drive without insurance.  In fact, if you are pulled over by the police and don’t have your insurance, most likely you will have to pay a hefty fine.  If you are caught multiple times without insurance, you might even spend some time in jail.  Some states, like Michigan, have no-fault insurance.  This means that when you are involved in a car accident, even if you are not the one who caused the accident, your insurance still has to pay for damage and /or medical bills.

 

Auto insurance companies usually list what their coverage is for injuries, property damage and medical.  When going over your policy, you might see something like this:

  • Bodily Injury Liability Coverage: $100k per person, $50k per accident
  • Property Damage Liability Coverage: $50k per person, $50k per accident
  • Medical Payments Coverage: $10k per person

These numbers are in case you do cause an accident.  Instead of suing you, they will sue your insurance company.  Most insurance companies will settle for a certain amount of money.  What if you accidentally hit the gas instead of the brake and end up running into your neighbor?  Don’t worry!  Your insurance will cover his medical bills.  (As long as it was an accident.  If it wasn’t, then you probably have bigger problems to worry about than your auto insurance.)

 

What about if your car gets stolen?  Auto insurance will cover that too.  They will either pay for a replacement or give you the cash difference between your old car and your new car.  Auto insurance also covers what is inside your car such as your stereo.  What about natural disasters?  Auto insurance has you covered!  If your car takes an unscheduled trip to the land of Oz via a tornado, your insurance will pay for a replacement or again, give you the cash difference.

 

 

 

 

The cost of auto insurance

 

Auto insurance gets better as you age, meaning the older you get, the cheaper the insurance.  For drivers under 24, expect to pay the most you will ever pay for auto insurance at around $2000 a year.  That is if you have a perfect record.  The more accidents or tickets you have, the higher your rates.  When you turn 25, a magical thing happens:  you are deemed to be responsible and your insurance is now around $700 a year.  The rates don’t really change that much until you reach the ripe old age of 55.  Then your rates decrease by about $200 a year. Remember, auto insurance is mandatory in most states so do not think you need to purchase auto insurance.

Posted on: February 19th, 2015 by

This is a bit of a difficult question to answer, if only because there are so many different types of Florida insurance policies and coverage plans that are available out on the open market today.

Anyone looking for insurance today is going to find the Florida insurance market to be almost flooded with different options, different plans, and different types of coverage – maybe more so they at any point in human history. You can purchase Florida insurance from https://floridainsurancequotes.net for your vehicles, for your home, for your condos, for flood damage, for all electrical fires, for identity theft – if you can dream it up, there is likely to be a Florida insurance plan available for you!

But to hopefully streamline the Florida insurance decision-making process for you, we’ve outlined three of the more popular types of insurance that Florida residents decide to invest in on a daily basis while at the same time providing a bit of information to the types of coverage is that they provide as well.

Let’s dive right in!

Automobile insurance

Automobile insurance is probably the most common type of insurance sold here in Florida (probably the most common type of insurance sold in the United States, if not the world).

Literally millions and millions of people here in Florida have some type of automobile insurance for their vehicle, many of them carrying complete and comprehensive coverage because they have taken out a loan to purchase the vehicle in the first place.

Florida insurance for automobiles can provide you coverage for accidental damage, mechanical problems, and personal injury – as well as a whole host of other minor and major components to coverage – and it’s best that you speak with a Florida insurance agent before you sign on the dotted line for any agreement.

Homeowners insurance

Homeowners insurance in Florida is another of the more popular types of insurance that you can purchase, and certainly one of the most important pieces to protecting (what can be) the largest financial investment in your life.

The last thing that you would want to have happen is to wake up to a nightmare scenario involving your home or property, situation that would deplete your bank account in a hurry – and still leave you in the hole.

Homeowners insurance in Florida covers a tremendous amount of different aspects of your home, including (but not limited to) structural issues, electrical issues, plumbing issues, foundational issues, and other bits and pieces – again depending entirely upon the agreement that you select.

Condo/Renters insurance

Because there are so many condominiums and apartments in Florida, this represents one of the largest parts of the Florida insurance marketplace.

Condo/renters insurance covers not only the property that you have invested in or are renting, but also the assets that you have inside of this piece of property – and the people that are residing within. This can give you an extra boost of coverage that you simply would not have had access to otherwise, all but guaranteeing that you don’t have to deal with a nightmare financial scenario in the future!