Why take up a renters insurance cover?

As an apartment renter, you need to ensure that you are protected in the event of the unexpected, because your landlord’s insurance will only cover damages to the structure of the building, and not the contents therein. The implication is that your belongings will not be included in this case. Most landlords will require you to purchase renters insurance for your new lease, while some will not demand this, but this is something you should consider.

Coverage For Personal Belongings
In the course of your stay at the apartment you are currently renting, your belongings are exposed to many risks, some of which may be hard to prevent. If there is damage or theft of your possessions, your landlord’s insurance will not cover for these, but your renter’s insurance will do. As such, it may be wise to take an inventory of all your belongings as well, as a record for the insurance company. 

The record will be helpful in case you need to make a claim. Such a document should be kept safe either at a friend’s or relative’s house or an online platform and not your house.

Cushion Against Loss Or Damage
At SWFL Insurance Agency Inc.  Fort Myers, FL we understand that you may have put in a lot to furnish your home, and saving enough money to replace the same after loss or damage may take a while. For that reason, we will offer compensation when that happens, to help you recover fast without having to spend more from your bank account.

Insurance Solutions To Suit Your Budget
Since the lifestyle of one individual is different from that of another, their financial muscle will also vary to some extent. SWFL Insurance Agency Inc. Fort Myers, FL renters insurance solutions are customized to satisfy these requirements, and one that suits you is available.

Some tenants imagine that renters insurance is expensive, which keeps them from purchasing it, when it may cost them much more later. This is a myth you should not trade for your possessions.

 

Does Renters Insurance Cover Things Outside the Home in Fort Myers?

Many people understand how important it is to have renters insurance in Fort Myers, FL. However, they don’t understand just how much renters insurance really protects them. It doesn’t just protect things in your home. At SWFL Insurance Agency Inc., we think it’s a good idea for you to understand how renters insurance can protect your off-premise property

Personal Property is Still Personal No Matter Where It’s At

Your personal property belongs to you no matter where it’s located. Understanding that can help you understand how your renter’s insurance can cover your things, even when they’re not in the home.

How an insurance company covers off-premise items can vary, so it’s important to discuss the possibilities beforehand. It’s certainly possible for your renter’s insurance to cover some or all the following:

  • Items in a storage unit
  • Lost, damaged, or stolen luggage when traveling
  • Lost, damaged, or stolen items from your vehicle

Things immediately outside your home may also have coverage. For example, items in a shed or on the lawn are outside the home, but they’re still your personal property.

Often, insurance companies will only cover a portion of the value of property not at the home. This can vary, but even some assistance is better than none at all when it comes to recouping a loss.

You May Have More Coverage for Your Personal Property Than You Know

As mentioned, your policy may not cover all off-premise items, but it will cover some. Even if your policy or agent doesn’t specifically say you have certain forms of off-premise coverage, it never hurts to ask.

A situation may arise where something belonging to you becomes damaged, stolen, or lost while you’re not at home. Contact your renter’s insurance carrier to see if they can help you out.

Renters insurance is incredibly versatile. If you rent in Fort Myers, FL, you should consider renters insurance a necessity. To learn more about how renters insurance can cover you, contact SWFL Insurance Agency Inc. today.

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.

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.

How To Determine The Total Value Of Coverage You Need On Your Policy

A lot will go into a home insurance policy when you get quotes in Fort Myers, FL. You need to make sure that the total value of coverage on your policy makes sense for your home and everything inside of it. The more coverage you have, the easier it will be to file a claim. Your goal is to minimize out-of-pocket expenses anytime you file a claim. Determining how much coverage you need will make it easier to gain financial protection.

Conduct a Home Inventory

One of the first things you want to do in Fort Myers, FL is conducting a home inventory. This is where you will go room by room to identify everything inside. It will include such things as artwork, collectibles, furniture, appliances, and anything else you might have. Once you have a list of everything, you can then start to associate values with everything. Anything that is of significant value should have a receipt or appraisal attached to it.

Your home insurance policy will provide a certain level of coverage for your belongings. If you need to go above and beyond that level of coverage, it might be necessary to add a rider to include high-value items.

Work with a Professional Insurance Agent

At SWFL Insurance Agency Inc., we take the time to help you determine the total value of coverage that you need on your home insurance policy. One of our independent insurance agents will ask you a variety of questions involving your home, your belongings, and even your levels of activity. This will help to determine coverage levels for your dwelling, your belongings, as well as liability.

There is no reason for you to try to do everything on your own. Call an agent at SWFL Insurance Agency Inc. today and let us help with determining the coverage that’s right for you.

3 Ways to Save on Auto Insurance

Paying auto insurance can be a pain. Indeed, no matter what kind of car you drive, how much your payments are, or even how often you use your vehicle, you are expected to pay a premium for protecting your vehicle each month. Are you looking for some great ways to lower your insurance payments in Fort Myers, FL? You’re in luck! The following is a closer look at three tips to help you save on auto insurance.

Take a Defensive Driving Course

First of all, taking a defensive driving course is an excellent idea for all motorists in general as it ensures that you are a much safer driver in general. Moreover, taking the course can also reduce your insurance premiums. Many insurance companies will give you a percentage off in exchange for taking the course.

Students

In addition to that, although getting a discount on your insurance is by no means enough motivation to become a student, if you have been thinking about it or are already a student, this could save you some money. Many insurance agencies offer a discount simply for being a student. If you are a student and not receiving a discount, you may want to give you insurance company a call.

Switch Companies

Lastly, if all else fails, just switch companies! Although you may not be getting the best rates at your present company, by shopping around, you will easily see that you have some options.

Overall, let SWFL Insurance Agency Inc. be your go-to for quality auto insurance! Proudly serving the Fort Myers, FL area, SWFL Insurance Agency Inc. offers outstanding customer, competitive rates, and much more. Call us today and find out how to start your policy and save!

Beware of the AOB…..Assignment of Benefits….Avoid this at all cost.

   

“What is an Assignment of Benefits?”

“An Assignment of Benefits (AOB) is a contract between you and a contractor (such as a plumber, water remediation firm, roofer, etc.) where you give the contractor control of your claims benefits. They file a claim for their services and direct the insurance company to pay them directly.

What’s in it for the contractor?

Once you sign an AOB, you lose control of the direction of your claim. The contractor takes control, and can submit whatever they like to your insurance company, sometimes billing the company two, three, four, five times the going market rate for their services, and sometimes including work that was never performed. You don’t see this, and you can’t verify what they did.

What are the potential pitfalls in signing an AOB?

  • You have committed to this contractor, and you have little to no recourse if you’re not satisfied with their work.
  • You can no longer comparison shop if you are not satisfied with their work. Even if they walk off the job with their work incomplete, they can still claim compensation from the insurance company which gets deducted from your benefits.
  • Both you, and the contractor, are still bound by the terms and conditions of the policy, and if the contractor violates those terms and conditions, those actions could potentially jeopardize coverage for your entire loss.

What’s in it for the contractor?

This is where the age old mantra of “if it seems too good to be true, it probably is,” comes into play.  Has the contractor done any of the following?

  • Solicits a job from you unannounced for damages you didn’t even know were allegedly present?
  • The contractor is offering you something for nothing, such as a free roof or kitchen.
  • Wants to start work immediately and advises you to delay contacting your insurance company?
  • Offered to “take care of” your deductible.

Any of these issues could potentially lead to a fraud investigation which could jeopardize your coverage.

Possible Litigation:

As mentioned above, there is no standard for what the contractor can submit to the insurance company, and if the company questions the scope and/or the pricing submitted by the contractor the company can be sued directly by the contractor.  And while you may not be a party to this lawsuit, more likely than not you will end up being a witness.

What should you do if you have a claim?”

Contact your insurance agent to report the claim.  He can guide you through the process.  Some insurance carriers will have contractors that they have vetted and will recommend.

This article is compliments of Federated National and SWFL Insurance Agency.

Questions or need a Homeowners or Property coverage quote, call 239-265-9577 or email joshw@swflagency.com.  We are Your Insurance Answer People in SWFL.

Three Tips To Help Personal Property Claims Get Processed Smoothly

Homeowners policies provide people with the financial security that they can be compensated in the event of a loss. Over time, we accumulate valuable and personal items. It’s important to have appropriate documentation of these expensive items so that your claim can be smoothly processed. At SWFL Insurance Agency Inc.,  our professionals are committed to helping members of the Fort Myers, FL community with homeowners policies that provide a sense of security. We’d like you to consider these simple, but important, tips on how to keep good records of expensive personal items.

Photo Records

Given the ease of today’s technology, a photo record can be created by using your cell phone. These devices often have excellent cameras, and it will cost you nothing to walk around and document your jewelry, electronics, heirlooms, and collectibles. You can download these images or back them up to “the cloud.” In the event of theft or a disaster, you’ll be able to produce a visual record for the claim.

Keep Receipts Safe

Keeping your receipts is an excellent way to demonstrate the value of each item. Start a binder and put a note about each purchase on the receipt. It’s important to store the record away from your home. In the event of a fire, it could be destroyed along with the expensive items.

Make a Video

Some homeowners create a room-by-room video. This is an excellent idea because it shows each item inside the home. Again, many phones have video capabilities. The key is to store it safely out of harm’s way.

In the event of theft or disaster, it’s important that your claim is processed easily and you are fairly compensated. At SWFL Insurance Agency Inc., we are available to help members of the Fort Myers, FL community creates and updates homeowners policies that reflect the ongoing coverage they require for financial security.