Finding wind insurance in Florida has become more challenging because of the burden of storm-related losses to insurers. In the first half of 2016 alone, catastrophes striking the United States caused $13.5 billion in insured property losses, the Insurance Services Office reported in October. Because of the threat of hurricanes, only about 40 Florida home insurance companies still write new policies in Florida, and that number is even smaller near the coast.
Since most lenders require a homeowner’s policy that includes coverage for wind before they will approve a home loan, new residents seeking wind insurance in Florida should first become familiar with the “Wind Pool,” the coastal area with enhanced weather risk. A new resident can check online if a potential home is in this area.
Not all insurers provide wind insurance coverage for homes in the Wind Pool area, so a separate policy from a private insurer may be needed. Another option (although one with assessment fees and higher deductibles) is Citizens Property Insurance Corporation, the state-run insurance safety net for wind-insurance policies.
New residents should not only compare quotes from insurers, but also evaluate their experience. Insurers who have already insured clients in major hurricanes can be reassuring to work with in case the worst does happen.
Understanding their options for wind insurance will help new Florida residents have a smooth home-buying process—the first step in a happy transition to a new home!
Driving can be extremely unpredictable. Weather conditions, wild animals and other drivers are all factors that you have no control over while on the road. In the event that one of these factors results in you being in an accident, you could be facing thousands of dollars in damages and injuries if you do not have the proper CT car insurance.
Car insurance can be tailored to your specific needs and budget. Most policies will include coverage for damages that you are liable for, injuries caused by an uninsured driver, medical expenses, damages caused by another driver or other events, such as theft, and additional services, such as glass protection and towing.
You can do your best to be an undistracted driver with awareness to your surroundings. But even when you choose to not drive while texting, have the volume on the radio turned low and have taken multiple driving courses, there are still accidents that could happen beyond your control. The best thing you can do to prepare for the unexpected is to have CT car insurance and to only drive when you are protected by this coverage. The expenses incurred by a car accident can be significant. The only way to financially prepare for this type of expense is to drive with the protection of auto insurance.
As the owner of a used car lot, you carry a wide variety of risks. Not only do you hold responsibility for your inventory, which is the vehicles, but you also have responsibility for your employees and the property. When seeking out insurance coverage, you need a policy that will cover these potential risks. Used car dealer insurance can bundle all the coverage you need into one convenient policy.
Any business needs general liability coverage. This protects your business against accidents that occur on your property such as a slip and fall. It can also provide protection against claims of libel, slander and copyright infringements.
Since your business deals with vehicles, you will need coverage on those automobiles while they are in your possession. Potential buyers will want to take the car out for a test drive and if anything happens while on that drive, you need your merchandise to be protected from damages.
Used car dealer insurance can also include worker’s compensation and employment practices liability. As a business owner, it is necessary to have these coverages to protect the rights of both yourself as the employer and your employees.
When you purchase a policy for your used car dealership, you are investing in the future of your business. Insurance can protect your business from financial destruction in the event of unforeseen accidents.