Florida Boat Insurance

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There’s plenty boaters can do to protect themselves and others this season. With Memorial Day Weekend approaching and National Safe Boating Week (May 16-22) already upon us, it’s time to start thinking about getting your boats and personal water craft out of dry docks. As temperatures rise, more people begin flocking to the water to get a head start on summer fun. But as boats and watercraft of all shapes, sizes and speeds take to waterways around the country, the increased boating traffic can be especially hazardous for those not keeping safety in mind.With the start of this year’s boating season, there are plenty of simple things boaters can do to protect themselves, their passengers and their property. From following basic safety measures to re-evaluating their insurance coverage, boaters can enjoy a memorable and fun season while making it safe for everyone.Boating safety starts with one of the easiest measures – simply wearing a life jacket.  Although the law requires boaters to carry Coast Guard approved life jackets on board their vessels, 90 percent of all boaters who drowned in 2006 were not wearing life jackets. In addition to making the wearing of life jackets a rule, the U.S. Coast Guard and the National Safe Boating Council recommends the following steps:

  • Take a boating education course
  • Don’t mix drinking and boating
  • Know the weather and water conditions
  • File a boat plan, and give the information to a friend or relative who can call for help if your don’t return as scheduled
  • Observe the nautical rules-of-the-road, including speed limits
  • Get a courtesy vessel safety check
  • Report emergencies via channel 16 on a marine VHF-FM radio
  • Don’t discharge oil, trash or sewage in to the water
  • Properly insure your boat and make sure it has sufficient coverage

For more information on boating safety, or boating other safety topics, give us a call at 1-877-643-2056.

Do I Need Life Insurance (I Do? Then How Much?)

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I’ve often heard other insurance professionals say, “People buy life insurance because of love.”

Life insurance helps you to ensure that the financial needs of your family are met in the event of your death. This gives you peace of mind, since you’ll know your family will be secure in the future. So, to answer the question, you need a life insurance policy if your loved ones depend on your income or stand to inherit a financial burden in the event of your death. The money your dependents will receive, “the death benefit,” can help pay essential day-to-day expenses, such as mortgage and medical bills, and help your family reach longer-term goals such as your children’s college education. Plus, life insurance can help ensure that your loved ones are not burdened with debt or forced to sell assets to pay outstanding bills or taxes.

Okay, so you’ve decided you do need life insurance and you’re now asking: “How much life insurance do I need?” This depends on a few factors. Generally, the rule of thumb is 7 times your salary; however, as life changes, your insurance needs might, too. It’s a good idea to reassess your needs annually to make sure you have enough to properly protect your family.Beyond protection, life insurance can be the cornerstone of your family’s financial security by providing savings and wealth transfer opportunities. In fact, the very first step in selecting life insurance is to decide how you want the insurance to work for your family.If you have more questions, I can help you determine the amount of protection you may need and the type of insurance that’s right for you.

You can always call us at 1-877-643-2056 or visit our Life Insurance Basics page to get more information about life insurance.

What kind of insurance do I need for my pool?

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Pools are a great way to cool off and relax during the summer months. Lots of great childhood and adult memories are made at parties and lazy afternoons every day. But with a pool comes extra safety risk, whether it’s a tiny kiddie pool to a full-sized Olympic facility.

The pool at your property should be installed correctly and meet or exceed all the local safety standards and building codes in your city. In addition to making sure it’s as safe as it can be, you also want to make sure you’re carrying the right kind and right amount of insurance.While there may not be a special “pool insurance” coverage that you can get for your homeowner’s insurance, having a pool may affect how much liability coverage you have on your policy. In some instances, there may even be “pool exclusions” in a policy. Since adding a pool can increase the risk of injury on your property, there may be a greater chance that you might have to pay someone’s medical expenses or that someone may sue you for damages.Therefore, you should consider checking and/or increasing your liability coverage above and beyond the minimum levels if you’re a pool owner.

In addition, you might want to look into an Umbrella Insurance Policy if they’re available in your state. An umbrella policy typically provides you with a large amount of additional coverage beyond what you have on your other insurance policies.For instance, a few hundred dollars a year may allow you to get up to $1 million in additional liability protection beyond your existing auto and/or property insurance coverages. If it’s available in your state, this can really help to better protect you financially from broader liability risks whether you’re on the road or in your home.

You can always call us at 1-877-643-2056 or visit our Homeowners Insurance Basics page to get more information about homeowners insurance.

I do a lot of driving for work. Do I need extra insurance for the business equipment I keep in my car?

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That equipment you’re carrying may already be protected, depending on your employer’s business insurance coverage-or, if you’re self-employed, by your auto, renters, or home insurance policy. Most home and renters insurance policies include a certain amount of coverage for home office equipment, and would offer protection even if the equipment leaves your home. Of course, the more expensive your equipment is, the more likely you are to take great care of it. That should include checking your policy’s coverage limits to be sure your investment is completely protected. It’s always a good idea to talk to your agent when you have questions, to make sure you have a good handle on your coverage and limits.

Does My Classic Vehicle Need Specialty Insurance?

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Special insurance might be one of the few ways your classic car doesn’t need to be babied. Some insurance companies, allow you to include it on your regular auto policy. You may also qualify for a lower rate if you can prove you drive it less than a certain amount of miles each year.If your car is only driven for shows, parades, club activities, and the like, you may be able to cover it by adding an endorsement to your car insurance policy.The year, make, and model of your vehicle can affect how it needs to be insured, so talk to your auto insurance agent to know you’re covered the right way.

You can always call us at 1-877-643-2056 to get more information on classic car insurance, vintage car insurance, specialty car insurance, and more.

I just got engaged. Is my ring automatically covered under my renter’s or homeowner’s policy?

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If your insurance policy includes coverage for personal property, the ring and your other jewelry will automatically be covered, up to your coverage limit. To know for sure whether that coverage is enough, you’ll need to check your insurance policy or call your agent. You’ll also need to know about how much the ring is worth.

Here’s an example: Say your renters insurance or home insurance includes $5,000 of coverage for jewelry. If your engagement ring needs $4,000 worth of coverage and you have $2,000 worth of other jewelry, you’ll want to adjust your policy. On the other hand, if the ring is your only valuable jewelry, it would be fully covered with $1,000 to spare.

There’s something else to keep in mind: Personal property coverage has different coverage limits for different types of losses. For example, your policy’s coverage limit for theft could be $2,000 for theft of jewelry with a maximum of $1,000 for each item.

You can also add extended coverage on jewelry, watches, and furs.

It’s a good idea to talk to your agent to make sure you completely understand your policy and have the coverage that’s right for you.

You can always call us at 1-877-643-2056 to discuss what might be your best options for jewelry insurance.