Insurance
Blog
Author: admin
How Umbrella Insurance Can Help Protect Your Florida Business
Love Insurance Services can help you protect your Niceville, FL area business. Now’s an ideal time to learn more about the ways umbrella insurance can help protect your business. Contact us today to schedule your consultation, and let us help you keep your Florida business protected.
Benefits of Umbrella Insurance
Umbrella insurance is a type of policy that steps up in the event that your primary policy is exhausted by policy maximums. This type of scenario usually occurs when there’s a lawsuit or other award of damages. If the amount is high, it can completely wipe out all the liability insurance that your company has in place. If this were to occur, it could fall to the company owners to pay the uncovered amount. Depending on the structure of your company and how ownership is set up, it’s possible for you to become personally liable.
When your company has an umbrella policy in place, your personal finances are protected. This supplemental liability coverage is especially important for any company that operates in a highly litigious industry. If you’re the victim of frivolous lawsuits or have had opportunistic slip-and-fall suits brought against you, umbrella insurance is a great idea. With this coverage in place, you’ll be able to focus on your core business without having to worry that one accident could wipe out all of your hard work. Owning a business takes a lot of dedication, so you need to protect your investment.
Let us help you protect your business!
Business owners and operators in the greater Niceville, FL area can turn to the team at Love Insurance Services. We can help you with all of your commercial insurance needs, including umbrella policies. Contact us today to set up a consultation to find out more about our services.
Who needs to get a flood insurance plan?
Owning real estate in the Niceville, FL area can be an ideal long-term investment. However, there are risks that come with owning a property in this region as well, and taking out the right insurance to offset the risks is important. One of the best ways to do this is by getting a full flood insurance plan.
There are various scenarios when you need to get this coverage here:
Those with a Loan Outstanding
A common situation when you will need to have a flood insurance plan in this part of Florida is when you have a loan outstanding. Due to the continued intensity of storms, many people in the state of Florida live in a flood zone. Because of this, many property owners are required by lenders to carry a flood insurance plan at all times. If you don’t carry this insurance, you can find yourself in violation of the loan agreement.
Those Looking for Protection
It is also a good idea to get a flood insurance plan to obtain the protection it can provide. If you have purchased a home, you will want to know you are covered for everything. In many cases, flood damage will not be protected by your home insurance plan. If you do have a flood insurance plan, you will have support if your home is affected by a flood.
Reach Out To Us
Anyone that lives in the Niceville, FL area should seriously consider getting a full flood insurance plan for their property. When you are looking for flood coverage, it can be a good idea to start your search by calling our team with Love Insurance Services. Our team at Love Insurance Services knows the value of this insurance and will give you any guidance you need to build a new policy.
Should I always get condo insurance in Florida?
Owning a condo in the Niceville, FL area is a good option for all people. With a condo, you will enjoy the benefits of owning a home as well as many onsite amenities. If you purchase a condo here, you need to have insurance for it. There are a lot of reasons to get a condo insurance policy when you are in this part of the state.
Receive Helpful Coverage
A great reason to have a condo insurance plan is to receive the coverage that it can provide. A condo insurance plan will offer various forms of support including personal liability coverage, support to replace personal assets and to make repairs to your condo if you are a victim of a fire, weather damage, or other covered claims. This can help ensure you are properly covered and have support when you need it.
Comply with Association and Lender
Many people that choose to purchase a condo will have insurance requirements set by a lender and condo association. If you are not carrying the right level and type of coverage, you can be penalized. This can include facing financial penalties and other negative actions. Having a condo insurance plan in place will ensure you remain in compliance with such requirements.
Reach Out To Us
Being a condo owner is a good option for a lot of people in the Niceville, FL area. When you are ready to start looking for insurance for your Florida condo, it can be helpful to call us at Love Insurance Services. We understand the value of condo insurance and know how to help you evaluate your needs and options. When you do call our team with Love Insurance Services, it can be a great way to start the process of getting appropriate coverage.
Your Personal Guide to Florida Auto Insurance
Auto insurance in Florida is legally required for all drivers operating vehicles on city, state, and municipal roads. This means that all Florida drivers and drivers from out of state who use Florida highways, byways, turnpikes, and toll roads must have adequate insurance to cover the costs of an accident.
Why You Need Auto Insurance
Auto insurance is a financial protection designed to help drivers offset the unexpected costs of financial damages, vehicle replacements, medical bills, and lawsuits that can arise as a result of a car accident.
People who get caught driving without insurance in Florida are subject to traffic tickets, fines, and even imprisonment. Don’t get caught driving without car insurance in Florida. Contact our licensed auto insurance agents at Love Insurance Services in Niceville, FL for a free quote today.
Florida Auto Insurance Basics
Unlike many other US states, Florida is a "no-fault" insurance state. This means that Florida drivers are required to have state minimum auto insurance coverage for personal injury, property damage, bodily injury, and medical expenses.
Florida Liability Insurance vs. Comprehensive and Collision Coverage
When you get auto insurance in Florida, you can opt for general liability coverage that protects you and your vehicle based on Florida state minimum insurance coverage.
You can also extend your auto insurance coverage by adding on additional policy features like comprehensive collision coverage which extends the limits of your policy. This slightly more expensive form of auto insurance coverage adds benefits that help cover the cost of repairing or replacing your vehicle if it is damaged in an accident.
We Can Help
A licensed insurance agent at Love Insurance Services in Niceville, FL can provide a free quote with pricing details based on your vehicle, driving history, and your auto insurance score. Reach out to us today!
Why a Florida business will need to have commercial insurance
A business in the Niceville, FL area can be successful due to the good economy and growing population base. If you are a business owner here, it is important that you properly protect your organization. A great way that any business can be supported and protected is by getting the right insurance. A typical business here will need to have a commercial insurance plan for various reasons.
Meet Requirements and Needs
A reason to have a commercial insurance policy is so you can meet the requirements set for your business. Any business today will have various commercial insurance requirements. Those that are going to raise capital through a loan or investment will be obligated by the other parties to carry this coverage. Without proper coverage, you could find yourself in violation of various clauses, which could lead to some form of penalization until you receive the right insurance.
Protect Your Organization
Most importantly, it is a good idea to have a commercial insurance plan so you can cover and protect your organization. There are many forms of coverage that come with commercial insurance, including support for your company’s assets and to offset commercial liability risks. Ultimately, when you have a commercial insurance plan it will give you the coverage needed to protect your business in some challenging situations.
Reach Out To Us
A business owner in the Niceville, FL area needs to ensure they are properly covered with insurance. Anyone looking for this coverage will quickly find that picking a plan is confusing as there are so many options to consider. If you would like to look for coverage here, Love Insurance Services can help you build your next plan. Our team at Love Insurance Services gives customized support that will ensure you get the coverage necessary to meet your needs and cover your business.
Is getting home insurance a good idea in Florida?
The Niceville, FL market has continued to be quite strong over the past few years. Those who have invested and purchased a home in this community will want to know that their asset and home have the right coverage in place. One of the ways you can protect your property is by getting a quality home insurance policy.
There are multiple reasons why a home insurance policy is a good investment for those in this area of Florida.
Insurance Offers Helpful Coverage
An important reason for anyone to get this type of coverage in Florida is that it offers some very helpful coverage. When you choose to invest in home insurance, it gives coverage for both your personal assets and your dwelling. This will be very helpful if there is an accident or bad weather that causes damage or you are a victim of theft or vandalism. Also, you will receive liability coverage, which can be beneficial if you are deemed liable for an accident that occurs on your property.
Insurance is Required
It is also important to remember that insurance is often required for property owners. If you are going to purchase a home, you will likely take out a mortgage and will need to meet any lender standards and requirements. Further, you will want to have coverage if you live in a home association that requires insurance. The right insurance plan will keep you in compliance with all such obligations.
Reach Out To Us
Anyone living in the Niceville, FL area will need to ensure they have the proper insurance. When you are looking for the right insurance for your home in this part of Florida, calling Love Insurance Services will be a great idea. Our experts at Love Insurance Services will give you any support you need to understand your insurance needs, so you can choose a quality plan.
