Do You Need More Motorcycle Insurance if You Are Under the Age of 18?

When it comes to owning a motorcycle some of the biggest concerns of riders are insurance policies and having the proper amount of coverage. That being said, coverage needs to change based on age, the type of motorcycle you own, and your loan status on the bike. You should take the time to find out just what coverage you need before you start riding. For those that live in or around the Fort Myers, FL area, the agents with SWFL Insurance Agency Inc. can help you find the perfect coverage.

For riders that are under the age of 18, there are some different coverage needs than someone that is over the age of 18 or even that owns other valuable property. Insurance is put in place to protect your physical body as well as your personal property and if you have a bike and a home and are over the age of 18, you may need more coverage to help protect your valuable belongings should you get into an accident where another driver is injured.

As a basic rule, your coverage needs are going to be mainly based on the type of bike you own and on whether or not you have a loan on your bike. You are going to need enough coverage to replace your bike so those that are higher cost are going to need more coverage. Similarly, if you own your bike outright you are going to need less coverage than you would need should you be required to pay back a loan on a wrecked bike.

For those that live in the Fort Myers, FL area, the agents with SWFL Insurance Agency Inc. can help you determine what coverage is right for you each and every time.

Four Reasons Flood Insurance is Important

If you haven’t yet bought flood insurance to protect your property, you might want to begin looking into this important purchase. The following are four of the most important reasons why you should purchase flood insurance today:

Floods are the most common natural disaster in the United States.

In the United States, flooding is the most common natural disaster that occurs. It’s also important to note that you don’t have to be in an area that’s known for flooding dangers to be hit with a costly flood. In fact, more than 20 percent of flood claims in the US came from areas that are not located in geographic regions that are typically associated with flooding.

Flood insurance premiums tend to be fairly affordable.

In 2017, the average cost for flood insurance through the NFIP (National Flood Insurance Program) was only $672. This makes flood insurance in Fort Myers, FL and elsewhere in the country fairly affordable in comparison to other more expensive types of insurance such as auto insurance and homeowner’s insurance.

Flood damage is not typically covered by the average home insurance policy.

One of the most important things homeowners need to realize is that their home insurance is probably not going to cover flood damage. In order for home insurance to cover flood damage, homeowners usually need to expressly specify that they want flood insurance, and they will usually have to pay higher premiums if flood coverage is added on.

Many mortgage companies require flood insurance.

Depending on where you live, your mortgage provider may insist that you purchase flood insurance from a provider like SWFL Insurance Agency Inc. Even federal law requires homeowner’s to have flood insurance if they are living in areas of the country that are designated as "high-risk".

The Difference Between Condo Insurance and Homeowners Insurance

If you’re interested in the purchase of a new condo or already own one and are looking to purchase insurance, you may have some questions about your coverage options. The first thing to remember when it comes to condos is that insurance for condos can be different than insurance for homes.

Here’s what you need to know about the difference between condo insurance and standard home insurance.

Six components are different to these type dwelling types.

There are numerous components to every dwelling insurance policy, and any particular policy will be determined by who owns what.

In a condo, you do not actually own the entire structure. Instead, you own the area encompassed by the drywall. On the other hand, if you own a home, you own the complete structure.

When it comes to your insurance plan, this means that some things will be different. Six components will be different to be exact. Here are the coverage types that you should expect changes in:

• Primary dwelling coverage
• Other structures coverage
• Personal liability coverage
• Loss of use coverage
• Personal property coverage
• Medical payment coverage

All condo insurance isn’t alike either.

Furthermore, remember that the policies and rules associated with your particular condo complex will be different than other complexes. You’ll need to check with your particular complex’s plan to make sure that you understand what’s covered and what’s not.

Contact SWFL Insurance Agency Inc. for More Information

If you’re a Fort Myers, FL resident who’s interested in condo insurance, rest assured that our agents at SWFL Insurance Agency Inc. can help you find the perfect condo insurance plan. We serve residents of Fort Myers, FL and the surrounding areas and would be glad to discuss any and all coverage options with you. Give us a call today or stop by one of our locations for a quote.

What Does Boat Insurance Cover?

SWFL Insurance Agency Inc. can help you with all of our insurance needs in the greater Fort Myers, FL area. If you are preparing to purchase a boat, you are likely looking into purchasing boat insurance. If you have never purchased this before, you may be unsure of what all boat insurance covers. Here are a few of the things that are covered by boat insurance.

Theft

It is much harder to steal a boat than something like a car or motorcycle. But this does not mean it cannot be done. Boats can be stolen and if yours happens to be a victim of theft, you want to ensure you are covered. Boat insurance helps to cover you against theft so you don’t invest in something and lose out on that investment.

Accidents

Accidents happen when you are on the waterways. If you hit a boat or a boat hits you, damage can be done. Boat insurance helps to pay for any damage you do to another owner’s boat, any damage was done to your boat by an uninsured watercraft, or even any damage is done if a vehicle rear ends your boat while you are transporting it to a waterway.

Bodily Injury

Waterways can be crowded. People are boating, on jet skis, tubing or swimming. Unfortunately, people are not always visible. There are blind spots when you are navigating a boat, just like there are cars. You can hit a person who gets in your way or that you do not see. These accidents can be catastrophic, not only to the person but to your wallet as well. Boat insurance helps to protect you financially against lawsuits brought on by these types of accidents.

If you are ready to purchase boat insurance in the greater Fort Myers, FL area, call SWFL Insurance Agency Inc. today. Let our trained professionals find you the best boat insurance policy to fit your needs.

The Third Nail…..An Easy Way to Save on Your Homeowners Premiums

Example…..1982 Home in South Ft. Myers. Frame construction, new roof, metal clips with 2 nails.                                                                                                           Value at $ 378,000. Annual Homeowner Premium is $4,450.

Same Home after retrofit adding Third Nail to top and bottom of metal clips…Cost of $900.                                                                                                                 Value at $ 378,000. Annual Homeowner Premium is $ 2,777.

Annual Premium Savings of  $1,673. Each and every year. That is a No Brainer.  (Note: Every Home is different)

How can I determine if my Home will benefit from a Hurricane Strap Retrofit adding the Third Nail?

  1. If your home was constructed prior to the year 2000, you are a candidate.
  2. Review of your present Wind Mitigation Report.
  3. If your report is dated prior to 2012, your insurance company will probably require a new report on the new Revised 2012 OIR-B1-1802 form. If you need a new inspection, call your inspector or call SWFL Insurance Agency at 239-265-9577.
  4. On the new 2012 inspection form, review Item 4, Roof to Wall Attachment.  If “Toe Nails” is checked, you can definitely benefit from a Hurricane Strap Retrofit adding the Third Nail.
  5. Once you have your Wind Mitigation Report on the Rev.2012 form, call SWFL Insurance Agency at 239-265-9577 for a Premium Quote Comparison for adding the Third Nail.
  6. Once you have the New Premium Quotes, you can determine the savings and decide if it makes economic sense to have the Hurricane Strap Retrofit completed. If you want to proceed, we will put you in touch with licensed contractors who can complete the retrofit. Typical cost for Retrofit is $900 to $1,000.

Questions?   Call us at 239-265-9577 or Email at Info@swflagency.com

Thanks much.

Josh Weaver

Vice President

SWFL Insurance Agency, Inc.

 

 

 

What Specifically Does Renter’s Insurance Cover

For those that do not own a home, a homeowner’s insurance policy is not necessary. There is however a type of insurance geared toward renters that you may be interested in. Renter’s insurance is insurance that is offered to those that rent properties as opposed to owning them. For those in the Fort Myers, FL area, the agents with SWFL Insurance Agency Inc. can help answer all your pertinent questions.

So what does renter’s insurance cover? For starters, renters do not have the added security of an insurance policy that is tied to their mortgage should their apartment burn down, should there be storm damage, or should there be any other sort of disaster. Renters insurance helps to protect your property in the event that there is a fire, damage to the building, a storm, or even a break in where things are damaged or stolen.

Renters insurance also can help if there is a claim filed against you by your landlord. This means that you can be protected just like a homeowner without having to own a home. Renters insurance basically provides you with the added security of knowing that your items and possessions are protected and that if something does happen, your landlord can file a claim with the policy to fix the damage rather than expecting you to pay it.

This is a great policy for those that do rent and want to protect their items. For those that are lifetime renters, this type of policy is a big necessity and you should take the time to take out a policy. For those that live in the Fort Myers, FL area, the agents with SWFL Insurance Agency Inc. can help you find the renters policy that covers your particular situation perfectly.

Do You Need More Life Insurance Than What Is Offered By Your Job?

Contrary to popular belief, the life insurance policy that is offered by your job is often not enough. Many people are fooled into thinking that they have enough from their employer but you should really consider whether it is enough in Austin, TX. Use these questions from Southwest Insurance Center to make sure you have enough life insurance coverage.

  • Do you have enough coverage to pay for your debts? Depending on how much debt you have, you may quickly find out that you do not have enough coverage to pay for all of your debts. This could leave one or more of your loved ones with an added burden of paying off these debts which is not something you want. This is especially true if you have a substantial mortgage payment. 
  • Do you have dependents who rely on you? If you have children who rely on your income for survival, then you should consider getting more life insurance that what your employer provides. This is especially true if your spouse is not working. If you want to be able to take care of them even after you are gone, you should consider getting 10 to 12 times your annual salary coverage which is a lot more than what employers offer. You can opt for an additional amount of coverage through your employer but you may still need to get an additional policy to ensure you have enough coverage. 

If you need life insurance, you want to make sure that you have enough coverage and for many, there is not enough coverage provided by their employer. If you are interested in learning more about your options and getting added coverage, be sure to reach out to Southwest Insurance Center, serving Austin, TX, today.

Your Business Just Got Sued – What Should You Do?

If you are a small business owner and you worry about being sued, you are not alone. An organization called Faces of Lawsuit Abuse found that 75% of small business owners worry about being a target of an unfair or frivolous lawsuit. Small business owners in America pay an aggregate total cost of about $20 million per year to defend against tort lawsuits. Klemm Analysis Group reports that 52% of all civil lawsuits are against small businesses. For the average small business, which makes about $1 million per year, $20,000 per year will be used for legal expenses to defend against lawsuits.

Three Steps to Take If You Are Served Legal Papers in Austin, TX

1) If you are served legal papers that inform you that you are being sued, accept them. It is better to deal with this type of negative event right away, rather than to try to hide from it.

2) Contact your attorney before making any statement about the case to anyone (including your own workers).

3) Contact your agent at Southwest Insurance Center in Austin, TX, to discuss the coverage you have and to inform them of the potential liability, so that they can work with you and your attorney to reduce your exposure. 

Hopefully, you already had an annual review of your insurance coverage and the coverage is adequate. This is why it is critical to regularly review your commercial insurance coverage with your agent. Very often these lawsuits, especially ones that are frivolous, happen unexpectedly.

Summary

If you own a small business, the chances of being sued are very high. It is best to be proactive in order to prepare for this eventuality. Small businesses do not have the resources to easily defend themselves when compared to major corporations that have permanent in-house legal staff. 

Be sure to discuss the potential risks with your insurance agent at Southwest Insurance Center in Austin, TX and ask about umbrella coverage, which is used to insure a small business against some of the extraordinary risks, such as lawsuits.

Will I be liable if the damages occur because someone I employed is breaking the law?

Will I be liable if damages occur because someone I employed is breaking the law?

     This isn’t a question you want to have to think about as a business owner. Not only will this impact your bottom line, but it can mar your reputation if your employee breaks the law. You need to be covered, but you also want to avoid the situation completely.  SWFL Insurance Agency Inc. serving Fort Myers, FL can advise you here.

Why are employers usually liable for employees’ actions?

     There are multiple reasons the courts will generally hold an employer responsible for an employees’ actions. It’s easy when looking at a simple example, such as when an employee is driving a work vehicle running an errand and accidentally causes property damage.

     Here are some reasons the Courts will give:

  • When people are on the clock working for someone else, their time is not their own. The employer benefits from the good, and should be responsible for the bad.
  • When someone is injured or property is damaged by someone’s negligence, the law looks to someone who is able to compensate the victim. Often the employer is more able to pay than the employee.

     These examples don’t apply to criminal acts, which are deliberate and not negligent.

How can you protect yourself?

     As a business owner, you are normally only responsible for acts of negligence by your employees. You can protect yourself by:

  • Screening potential employees careful, with criminal background checks and drug screens.
  • Releasing employees if they commit criminal acts after joining your company.

      If you have any questions about your policy or need to file a claim call SWFL Insurance Agency Inc. in Fort Myers, FL.

The Benefits of Carpooling

If you commute to work, you might want to consider carpooling.  In fact, carpooling in Fort Myers, FL comes with so many benefits you’ll wonder why you haven’t started carpooling sooner.  And you don’t have to carpool every single work day to reap the benefits. Even just a couple of days of carpooling each week goes a long way. Read on to learn about some of the benefits of sharing a ride to work.  

You Save Money

This is one of the best and most obvious reasons to carpool. By sharing the commute, you save money by using less gas and by putting less wear and tear on your car. This monthly cost cutting strategy can add up to significant savings over time.  

You Help the Environment

When you carpool, you decrease your carbon footprint for that day by sharing it with someone else and getting one less car off the road. This means the air is cleaner and less polluted because of this simple, positive action. Encourage others to do the same.  

It’s Convenient

Carpooling offers flexibility. You can do it once, twice, three, or more times a week. It’s always up to you.  

It Provides for Relaxed Social Interaction 

Unless you’re running incredibly late, carpooling should offer a relaxed, stress-free drive where occupants and chat on the way to work and even stop for a quick cup of coffee in the drive through.  

Fewer Cars Equals fewer Accidents

The more people carpool, the fewer cars there will be on the road.  And fewer cars means fewer car crashes.  

At SWFL Insurance Agency Inc. we serve the Fort Myers, FL area when it comes to auto insurance and we stand behind all the benefits of carpooling. If you are looking for an auto insurance policy, call the SWFL Insurance Agency Inc. at 678-454-0661 to speak with a friendly insurance agent.