Parametric Insurance…an innovative way to cover that Huge Windstorm Deductible, the Dock Damage, the Tree Removal, etc. during the next storm….

Homeowners Insurance does not cover everything, and then there is that Huge Hurricane Deductible…which could be 2% or more of the insured value of your home. Many policies do not cover pool cages, boat docks, awnings, trees, landscaping, etc. And then there are all the additional costs of generators, fuel, travel, etc.

And now….. along comes an innovative idea to help cover these costs…Insurance based on an event, not a loss.

You can use your payments to: (This is cash deposited to your account within 72 hours)

·        Repair or replace swimming pool cages, boat docks, piers, seawalls

·        Remove fallen trees and debris

·        Restore landscaping

·        Fix property damage not covered under your homeowners insurance

·        Meet your hurricane deductible

·        Pay additional living expenses

·        Pay evacuation expenses

·        Replace a mobile or manufactured home

·        And more

Home types/structures covered: (no physical damage to your home is required to be paid)

·        Single family homes

·        Condominiums and Apartments

·        Mobile homes, Manufactured homes

·        Boat docks, car ports, entry structures, backyard patios, gazebos, fences and more

Causes of loss covered:

·        Wind

·        Water damage from rain, flood or storm surge

·        Flying debris

·        Mold

“This form of parametric insurance pays if specific parameters are met. In the case of hurricanes, the parameters are strength of the hurricane and distance of the insured property from the hurricane track. These parameters are easily available and verifiable, without the need for deductible, adjusters or a lengthy claims process.”

“Claims are paid electronically within 72 hours of an Hurricane Event, no claims representatives, no waiting for payment!  Claims payments can be used to pay for ANY losses that occur from a named hurricane. Exclusions include items such as: intentional loss, illegal acts, and neglect. The average policy offers $5K of coverage, has a $0 Deductible, and costs about $300 annually. Coverage limits up to $60K are available.”   Coverage is underwritten by an insurance carrier with an A.M.Best rating: A- (Excellent), and backed by a global reinsurer with A.M. Best rating: A+ (Superior).

Contact SWFL Insurance Agency, Inc. for a quote or information.

239-265-9577 Fort Myers / 941-624-3444 Port Charlotte / info@SWFL Agency.com

Sooo….What does the Louisiana Thousand Year Flood Event mean to you? Are you at Risk for a Flood?

La.Flood

So let’s look at how FEMA determines if you are “at risk”.  Flood maps, known officially as Flood Insurance Rate Maps (FIRMS), show areas of high and moderate to low flood risk.  Cities and counties use the maps to set minimum building requirements for coastal areas and floodplains.  Lenders use them to determine flood insurance requirements, and the Federal Emergency Management Agency (FEMA) uses them to help determine what you pay for flood insurance.

High-risk areas are identified on the FIRMs as:

  • Zones AE, A, AH, AR, A99, or AO. These properties have at least a 1 in 4 chance of flooding over the life of a 30-year mortgage.
  • Zones VE or V. These properties also have at least a 1 in 4 chance of flooding over the life of a 30-year mortgage. In addition, these properties face hazards associated with coastal storm waves and storm surge.

 Insurance note: Federally regulated or insured lenders require mortgage holders to purchase flood insurance for properties in high-risk areas.   

An elevation survey of the lowest living level of your home is required in order to apply for Flood Insurance.  The surveyor will provide a Flood Certificate showing the elevation.  When buying a home, make sure to ask if a flood Certificate is available.  Flood Insurance rates are based on the Flood Zone as determined by FEMA maps and the elevation of your home.  The higher your home is above the required minimal flood elevation, the less your pay in premiums.

Moderate- to low-risk areas are identified on the FIRMs as:

  • Shaded Zone X. The risk is reduced in these areas but not eliminated.
  • Zone X. These properties are in an area of overall lower risk.

Insurance note: Lower-cost Preferred Risk Policies (PRPs) are often an option in these areas. Flood insurance coverage is not mandatory in these areas but is recommended, as the risk for flooding is still very real. Keep in mind that while your property could be designated as moderate to low risk, it still may be geographically close to a high-risk area

In this case you should consider purchasing a Preferred Risk Flood Policy.  Premiums are reasonable.  Typically, for $250K on your Home and $100k Contents, annual premiums are $450.  Every homeowner in Louisiana was probably eligible.  Just because your Mortgage Company did not require you to purchase Flood Insurance does not mean you do not have a Risk of flooding or that you were not eligible for Flood Insurance.

Not sure about your home or business’s true Flood Risk,                                                             call SWFL Insurance Agency, Inc.  239-265-9577

We will help you assess your risk, review your present coverage and make recommendations.  Do  not take chances with your most important asset.

Find out what is covered by Flood Insurance

Sooo….Do I need Flood Insurance for my 3rd Floor Condo unit?

condo2

First, does your Association provide a Master Flood Policy through the RCBAP, Residential Condominium Building Association Policy administered by FEMA?  The RCBAP limits the flood coverage that can be purchased by the Association up to $250,000.coverage limit per condo unit in the building.  This program requires the Assoc. flood insurance to be purchased at a limit equal to 80% or greater of replacement value of the building in order to avoid a “Co Insurance” loss penalty at time of a claim.  The RCBAP policy covers all building items regardless of who installed them.  This is broader than the coverage required by the Florida Condominium Statute.

The Condominium Owners Policy form HO6 in Florida does not provide any Flood coverage.  The Loss Assessment coverage within the HO6 will not respond to a flood loss to Association property.

The only way that a unit owner can cover a Loss Assessment for a direct flood loss to Association owned buildings is to purchase an individual flood policy with building coverage from National Flood Insurance Program.  The Building Coverage Limit will double as the Loss Assessment coverage limit.  There is no deductible for a covered Loss Assessment claim.

This Individual Flood Policy will also typically provide Loss Assessment coverage for the following:

  • When the RCBAP has been written for a coverage limit of at least 80% but less than 100% of replacement value.
  • Assessments due to there being NO RCBAP coverage at all.
  • Assessment for damage to a non covered building.

This is not a complete analysis of this issue, but it points out some very important considerations for the Condo Owner…..

  • Find out what Flood Insurance is in place for your Association property.
  • Question whether coverage limits are at 100% of replacement value?

You can read more at Condo Owners Flood Insurance.

Questions…Call SWFL Insurance Agency, Inc. at 239-265-9577 or email us at  info@swflagency.com

What Florida’s new 2015 Drone Law means for you

drone2

In an earlier SWFL Agency Blog post called So…You bought your kid a $2,000. Drone for Christmas, we detailed the issue of how the Homeowners Insurance Policy might react when your kid drives the drone through the neighbor’s windshield.

If you are considering using a drone in your business, we recommend that you review the 2015 Florida Drone Law as outlined in the article at “What Florida’s new drone law means for you”.  There are some very interesting implications.  This thing is going to generate a number of lawsuits.  Even if you hire a company that uses drones for Real Estate activity, you should understand the law and the company you hire should completely know and abide by the rules of the statute…..even though they may be a bit ambiguous.

SWFL Insurance Agency. Newsletter October 22, 2015

Bay

INSURANCE NEWSLETTER                                                   October 22, 2015

Timely and Important Topics that can Save Money and Protect Your Wealth     

  • Open Enrollment for Medicare began October 15. Make sure to call your agent for an appointment to review the new plans for 2016. SWFL Insurance Associates, your Florida Blue Agent can be reached at 239-489-1212.
  • Open Enrollment for Under 65 Health Insurance will begin November 1. You can call for appointments now. 

 

ENTER OUR GIVEAWAY – Win $ 150 Gift Certificate to use as you please.  You can receive One Entry for each Insurance Policy that you allow us to review and provide a competitive quote for.  It only takes a few minutes, can be completed over the phone and more than likely will save you Money. Call Linda at 239-265-9577.

 

  •  Travelers has really good Auto Insurance Rates. We recently wrote a family with 5 cars and 5 drivers, two were teenage drivers. We saved $ 1,000.+ with Travelers. Prior coverage was with GEICO. We have had similar experiences when pricing Travelers against Allstate and State Farm. Call us at 239-265-9577 or request a quote at www.SWFLAgency.com.

 

  • If you have USAA Homeowners and Flood coverage, you should let us provide a review and premium proposal. We recently saved a new customer $ 3,000.+ on her Homeowners Policy and $2,000.on her flood Insurance. This is what can happen when you do business with an “800” number, like USAA. The complexities of insuring a Home in Florida require a Well Informed Local Independent Agent. We are just that. Take a few minutes and let us save you money. 

 

Give Dairyland Motorcycle Insurance a try !!!!! By Combining Multiple Discounts, Dairyland may be the Best Deal in Florida. Save up to 7% with Dairyland, when your

  • Homeowners policy is provided by SWFL Insurance Agency
  • Rider Group Discounts for Members of HOG, and some 30 additional groups
  • Special Discounts for Military Rider Groups, both active and retired.

 

Do you own a Boat??? Could this be you?? Our insured was operating his ski-boat with 2 friends along as passengers on a lake in Texas. An inner tube attached to a rope was being held down by a cooler at the rear of the boat. The cooler became dislodged and flew out of the boat. When the insured attempted to turn the boat around to retrieve the cooler, the wind blew the inner tube out of the boat and the rope began to uncoil, catching one of the passengers around the leg, launching him into the air and landing him on the boat deck. The Passenger’s injuries included complete tears of his right knee ligaments and tendons requiring surgery. In addition, he sustained a substantial injury to his right hip. He was totally disabled for approximately 6 weeks, unable to drive and has additional lost business income. The primary insurance company tendered its full policy limit which was $500,000 short of the total claim amount. However, the insured was also covered by a Personal Umbrella and payment was made for the remaining amount of $500,000.

 

  • We sell Umbrella Liability Coverrage… Premiums start at $ 250. For $ 1 Million Coverage
  • Do You own a dog? Does your Homeowners Policy provide Animal Liability protection? Many do not……Let us review your policy if you are not sure.  Check out the following link…. Dog Breeds Most Often Blacklisted
  • Not sure what your Condominium Owners Policy covers? Check out this link… What does my Condo Owners Policy Cover?

Watch for future Newsletters with new topics of interest. Don’t miss our timely articles on our Blog at www.SWFLAgency.com

Call  239-265-9577 for Quick Quotes or visit  www.SWFLAgency.com

Providing Auto, Motorcycle, Golf Cart, Home, Condo, Flood, Business Insurance

                                Health, Medicare and Life Insurance

 

    SWFL Insurance Agency, Inc.                           SWFL Insurance Associates, Inc.

     Lee County                         8595  College Pkwy, Suite 160, Fort Myers          239-265-9577

     Charlotte County             3718   Tamiami Trail, Unit C, Port Charlotte       941-624-3444

     Collier County                    2500  Tamiami Trail N. Unit 113, Naples             239-649-4442

 

SWFL Insurance Agency. Newsletter September 21, 2015

Beaches3

 

INSURANCE NEWSLETTER                                September 21, 2015

Timely and Important Topics that can Save Money and Protect Your Wealth       

 

  • Attention Condo Owners on Fort Myers Beach and Sanibel….We now offer Condo Owners Insurance Policies that include Wind and Flood coverage. These policies provide coverage for “weekly rentals”. Call 239-265-9577 for a comparison premium quote. 

 

  • We offer very competitive Auto Insurance Premium rates for “Seniors” through the Travelers Insurance Company. Call us at 239-265-9577 or request a quote at www.SWFLAgency.com.

 

  • It is Hurricane season again….Make sure your Homeowners, Condo Owners and Flood Policies are up date and that the insured values are accurate. Do not assume that everything is fine, have your policies reviewed today. Make sure your “Replacement Cost” has been evaluated. We offer free reviews and premium quotations with no obligation.

 

  • Dairyland Motorcycle Insurance can Save you Money   !!!!! By Combining Multiple Discounts, Dairyland may be the Best Deal in Florida. Save up to 7% with Dairyland, when your Homeowners policy is provided by SWFL Insurance Agency
  • Rider Group Discounts for Members of HOG, and some 30 additional groups
  • Special Discounts for Military Rider Groups, both active and retired.

 

  • Flood Facts…To be considered a flood, the water that causes damage must have covered at least two acres or have affected at least one other property. Also, if your home sustains any mold or mildew damage that you could have prevented from occurring, your policy won’t cover such damage. Additional living expenses and business interruption is not covered.

Call if you have questions.   239-265-9577

  • If you have had a Wind Mitigation Inspection of your home, you may be able to create serious premium savings for years to come by having your roof truss to wall metal connection updated by adding nails. Give us a call to discuss. Every home is different. We will need to review your wind mitigation report, so have it handy when you call. Some of our clients have saved as much as $ 1,000. per year on Homeowners premiums.
  •          Watch for future Newsletters with new topics of interest.
  •          Don’t miss our timely articles on our Blog at    www.SWFLAgency.com

Call  239-265-9577 for Quick Quotes or visit  www.SWFLAgency.com

 

Providing Auto, Motorcycle, Golf Cart, Home, Condo, Flood, Business Insurance

              Health, Medicare and Life Insurance

 

    SWFL Insurance Agency, Inc.               SWFL Insurance Associates, Inc.

     Lee County                         8595  College Pkwy, Suite 160, Fort Myers       239-265-9577

     Charlotte County             3718   Tamiami Trail, Unit C, Port Charlotte    941-624-3444

     Collier County                  2500  Tamiami Trail N. Unit 113, Naples           239-649-4442

Homeowners Insurance 101

Homeowners insurance is designed to bring your home and possessions back to the same condition they were in before a loss occurred. There are several different types of homeowners policies offered by a wide variety of insurance companies and not all coverages are the same. You should speak directly with an  agent at SWFL Insurance Agency about your specific coverage needs.

The most common Policy Form written in Florida is the HO3. The information below applies to the HO3. While reading through the information below, you should keep in mind a couple definitions: (a) Exclusions are situations where your policy does not provide coverage; and (b) Liability is something for which you are legally responsible.

Coverage A – Dwelling

Imagine your house on moving day…empty, waiting to be filled. This is the part referred to as Coverage A: your physical home (walls, fireplaces, tile floors, carpeting, etc.) and the structures attached to it, such as an attached garage.

The current real estate market does not effect the insurance value of your home.  Your home should be insured for the Replacement Cost or amount that it would cost to rebuild in full (to current building code) in the event of a total loss.  If you aren’t sure your home is adequately insured, you can check with your Independent Agent at SWFL Insurance Agency.

Coverage B – Other structures

Not all structures that exist on your property are actually attached to your house. Therefore, Coverage B offers insurance protection if you have other structures such as a pool, detached garage, gazebo, or storage shed.

Coverage C – Personal property

Your personal possessions such as furniture, clothing and appliances are covered. Certain types of possessions are excluded or have limited coverage. Please see personal property exclusions and limits of coverage for more specific information.

Coverage D – Loss of use

This coverage is also called Additional Living Expense. Essentially, this pays for your increase in housing and other living expenses (like meals and laundry) if a major loss makes your house uninhabitable and you have to move out temporarily while it’s being repaired.

Covered perils

Coverage A & B are insured against risk of direct loss or all risk subject to conditions and exclusions. Sinkhole is excluded.

Coverage C are insured for the specific perils listed below subject to conditions and exclusions.

  • fire or lightning
  • windstorm or hail
  • explosion
  • aircraft
  • vehicles
  • riot or civil commotion
  • smoke
  • theft
  • vandalism/malicious mischief
  • glass breakage

Some policies also provide coverage for:

  • falling objects
  • weight of ice, snow or sleet
  • freezing of plumbing
  • accidental plumbing discharge
  • rupture of steam or hot water heating system, air conditioning systems, or water heaters
  • damage from artificially generated electricity.
  • volcanic eruption
  • catastrophic ground cover collapse (not sinkhole)

Exclusions

A homeowners policy does not provide coverage for the following perils

  • loss due to flood, or water that backs up through sewers
  • loss to building by earthquake, aftershocks and mud slides
  • loss by enforcement law or ordinance regulating construction, repair or demolition, or zoning
  • loss due to power interruption when the interruption takes place off the residence property
  • loss due to neglect of the insured to save and preserve property following a loss
  • war and nuclear perils
  • intentional loss.
  • sinkhole

Limits of liability

  • For basic homeowners policies, a specific minimum amount of coverage is required for each of the major property coverages, based on the primary amount of insurance selected. Some of these excluded coverages may be purchased for an additional premium.
  • Coverage A (Dwelling) = Typically set by Insurance Carrier at 100% of Replacement Cost
  • Coverage B (Other Structures) = 10% of Coverage A limit
  • Coverage C (Personal Property) = 50% of Coverage A limit
  • Coverage D (Loss of use) = 20% of Coverage A limit.

For example, if your home is insured for $100,000 under Coverage A:

  • Coverage B liability limit is $10,000
  • Coverage C is $50,000
  • Coverage D is $20,000.

Deductibles

With a homeowners policy, a deductible applies to the property portion of the policy. A deductible is the amount you would have to pay out of your own pocket before the insurance coverage kicks in. Typical deductibles are $500 or higher and some policies have several deductibles.

Florida homeowners policies also have a Calendar-Year Hurricane Deductible. The hurricane deductible will only apply once per calendar year and is stated as a “percentage” of Coverage A. This means if you have one hurricane loss, your Calendar-Year Hurricane Deductible will be applied. However, if you have losses from subsequent hurricanes during the same calendar year, the deductible for the additional hurricane losses will be the greater of:

  • The remaining amount of the “Hurricane Deductible” (if not exhausted by the original loss), or
  • The “All Other Perils Insured Against” Deductible.

Typically the higher the deductible you select, the lower your premium payment is

Optional coverages

There are a number of optional coverages (also called endorsements) which enhance your basic homeowners policy either by adding or removing certain coverages. Some of the more common add-on coverages include:

  • Broadened coverage for contents: provides “all-risk” protection for your possessions. This means that your personal property is covered in most situations, regardless of the cause of loss.
  • Personal Articles Floater: provides specific amounts and worldwide protection for special property such as jewelry, silverware, fine art, furs, cameras, firearms, musical instruments, and home computers for an extended variety of losses
  • Sinkhole:  Provides coverage for loss caused by a “sinkhole” as defined by Florida law.
  • Personal property exclusions and limits of coverage
  • Water back up of sewers or drains: you’re covered for a specific dollar amount if water backs up through a sewer or drain, or overflows from a sump pump.
  • Contents replacement cost coverage: after a loss, you would be paid based on the cost to buy new…with no deduction for depreciation…subject to your policy limits and deductible. Special limits apply to certain items such as jewelry, watches and furs.

Personal Property exclusions and limits of coverage

Certain classes of property are specifically excluded from coverage because of the nature of what they are or because they are generally covered by other types of policies:

  • Animals, birds or fish
  • motorized vehicles or aircraft, including equipment and accessories
  • radios, CB radios, tape decks, etc., while in or on a motor vehicle
  • articles separately described and specifically insured in any other insurance
  • property of boarders ( renters insurance is available and should be considered by boarders).
  •  aircraft or aircraft parts
  •    property in an apartment held for rental by the insured
  •    property rented to others off the residential premises.

Certain classes of property have specialized limits of coverage:

  • money or related property, coins and precious metals other than tableware – $ 200.
  • securities, manuscripts, and other valuable property – $ 1,000.
  • water craft, including trailers and equipment – $ 1,000.
  • trailers – $ 1,000.
  • jewelry, watches, furs and semi-precious stones – $ 1,000.
  • firearms – $ 2,000.
  • silverware, goldware or pewterware – $ 2,500.
  • property on the residence premises used for business purposes – $ 2500.
  • property away from residence premises used for business purposes. – $ 250.

Personal liability (Coverage E)

NOTE: Most Homeowner Insurance Companies provide only minimal animal liability or totally exclude this coverage. Discuss this in        detail with your agent.

Provides coverage for bodily injury or property damage for which you are legally responsible. For example, let’s say your dog bites someone, a guest falls down your front stairs, or your son throws a ball through your neighbor’s window. You are legally responsible for the damaged caused by these actions.  Personal Liability helps to cover the associated costs of these related damages.

Most homeowner policies provide a minimum of $100,000 of liability protection. However, you can opt to increase this amount to $300,000 or $ 500,000. Also  Umbrella Insurance 101 can help you determine whether the liability limits available on your homeowners policy are sufficient for your needs. Of course, an independent agent at SWFL Insurance Agency, Inc. is your greatest resource for this evaluation.

Medical payments (Coverage F)

Pays all reasonable and necessary medical expenses for a period of three years from the date of an accident to a person or persons injured while on your property. This coverage does not apply to the insured or regular residents of the insured’s household.

Bodily injury

Accidents do happen…and sometimes they happen to other people while at your home, or by a member of your household. This coverage helps to pay for the expenses created in the event that a physical injury to others is caused by you, residents of your household, or your pets.  Injuries resulting from automobile accidents are not covered under a homeowners policy.

Property damage

If someone’s property is accidentally damaged by you, members of your household, or your pets, your homeowners policy will help to repair or replace it.

Liability coverage exclusions

A homeowners policy does not provide coverage for:

  • bodily injury or property damage resulting from an automobile accident
  • bodily injury or property damage which is expected or intended by the insured
  • bodily injury or property damage arising out of business pursuits
  • bodily injury or property damage arising out of rental of any part of the premises
  • liability arising out of ownership, maintenance, use, loading or unloading of aircraft, motor vehicles or water craft
  • liability arising out of war or insurrection.
  • Additional exclusions to Coverage E only:
  • liability assumed under contract or agreement
  • property damage to property owned by, used by or in the care of the insured
  • bodily injury which is covered under a Workers Compensation policy.

Call 239-265-9577 for a Premium Quote or Request a Quote at www.SWFLAgency.com

SWFL Insurance Agency offers Homeowners Insurance thru the top rated Insurance Companies in Florida.

SWFL Insurance Agency. August Newsletter

         INSURANCE NEWSLETTER                                                                            August 18, 2015

Timely and Important Topics that can Save Money and Protect Your Wealth

  • Attention Condo Owners on Fort Myers Beach and Sanibel….We now offer Condo Owners Insurance Policies that include Wind and Flood coverage. These policies provide coverage for “weekly rentals”. Call 239-265-9577 for a comparison premium quote.
  • We offer very competitive Auto Insurance Premium rates for “Seniors” through the Travelers Insurance Company. Call us at 239-265-9577 or request a quote at  www.SWFLAgency.com.
  • It is Hurricane season again….Make sure your Homeowners, Condo Owners and Flood Policies are up date and that the insured values are accurate. Do not assume that everything is fine, have your policies reviewed today. Make sure your “Replacement Cost” has been evaluated. We offer free reviews and premium quotations with no obligation.
  • Dairyland Motorcycle Insurance can Save you Money   !!!!! By Combining Multiple Discounts, Dairyland may be the Best Deal in Florida. Save up to 7% with Dairyland, when your Homeowners policy is provided by SWFL Insurance Agency.   Rider Group Discounts for Members of HOG, and some 30 additional groups.  Special Discounts for Military Rider Groups, both active and retired.
  • Flood Facts…To be considered a flood, the water that causes damage must have covered at least two acres or have affected at least one other property. Also, if your home sustains any mold or mildew damage that you could have prevented from occurring, your policy won’t cover such damage. Additional living expenses and business interruption is not covered.  Call if you have questions.
  • If you have had a Wind Mitigation Inspection of your home, you may be able to create serious premium savings for years to come by having your roof truss to wall metal connection updated by adding nails. Give us a call to discuss. Every home is different. We will need to review your wind mitigation report, so have it handy when you call. Some of our clients have saved as much as $900.+ per year.
  • Watch for future Newsletters with new topics of interest. Don’t miss our timely articles on our Blog at www.SWFLAgency.com

Call 239-265-9577 for Quick Quotes or visit www.SWFLAgency.com 

Providing Auto, Motorcycle, Golf Cart, Home, Condo, Flood, Business Insurance

                                      Health, Medicare and Life Insurance  

                 SWFL Insurance Agency, Inc.               SWFL Insurance Associates, Inc.

     Lee County                        8595 College Pkwy, Suite 160, Fort Myers         239-265-9577

     Charlotte County            3718 Tamiami Trail, Unit C, Port Charlotte     941-624-3444

     Collier County                  2500 Tamiami Trail N. Unit 113, Naples            239-649-4442

SWFL Insurance Agency. July Newsletter

     INSURANCE NEWSLETTER

Timely and Important Topics that can Save Money and Protect Your Wealth

Most Homeowners policies today have very limited or no “Animal Liability” coverage. Most policies have a “Bad Dog” List. Do not go without the proper coverage. We have stand alone Animal Liability coverage available.

Remember Insurance is all about protecting your Wealth. If you own a Home, you should have an Umbrella Liability Policy with limits that protect your Wealth. Should a court find you “Liable” in a Bodily Injury case involving your property, automobiles or actions. Will your present coverage limits be enough to avoid having to cash in your property, stocks, retirement funds and possibly your home? Umbrella Liability Policies start as low as $ 250. Annually. Call us for a “Risk” review today.

It is Hurricane season again….Make sure your Homeowners, Condo Owners and Flood Policies are up to date and that the insured values are accurate. Do not assume that everything is fine, have your policies reviewed today. Make sure the “Replacement Cost” of your Home has been evaluated. We offer free reviews and premium quotations with no obligation.  Condo Owners should review your “Additions and Alterations” limits.  Typically, you should consider everything inside the unpainted “perimeter” walls of your unit as yours.  The “Basic Limit” of $1,000. will never be enough.  Do not be caught underinsured.

If your home’s elevation is at or below the required Flood Elevation, your Flood Insurance premiums are probably way out of hand. If so, you should talk with us about Private Flood Insurance. We can probably save you money.

A Wind Mitigation Inspection of your home can provide you with exceptional premium credit savings. Give us a few minutes to discuss your home and we can evaluate where you can increase you premium savings.

Watch for future Newsletters with new topics of interest. Don’t miss our timely articles on our Blog at www.SWFLAgency.com

Call 239-265-9577 for Quick Quotes or visit www.SWFLAgency.com

Providing Auto, Motorcycle, Golf Cart, Home, Condo, Flood, Business Insurance

as well as Health, Medicare and Life Insurance

 

SWFL Insurance Agency, Inc.         SWFL Insurance Associates, Inc.

Lee County                     8595 College Pkwy, Suite 160, Fort Myers     239-265-9577

Charlotte County        3718 Tamiami Trail, Unit C, Port Charlotte   941-624-3444

Collier County              2500 Tamiami Trail N. Unit 113, Naples         239-649-4442

Auto Insurance Basics 101

Overview of Your Personal Auto Policy

Liability Coverage (Bodily Injury & Property Damage)

If you are deemed to be at fault in an accident that’s covered by your auto policy and other people or property are injured or damaged, liability coverage helps protect you and pay the cost of these damages. Everyone has different needs, so we can customize your liability coverage to suit your personal needs. Remember when your insurance coverage limits are exhausted, you will be paying out of your pocket. Our recommendation for bodily injury limits is $ 50k per person / $ 100k per accident, property damage limits is a minimum of 50k per accident.  This coverage helps to pay for damage to another driver’s property (car, house, fence, etc). With pickup trucks costing in excess of $ 50k these days, many vehicles have values in excess of the state requirement of $10k. That’s why we recommend the higher coverage. This increased coverage is usually very affordable, sometimes as little as a few dollars extra per month.

Medical Payment Coverage (Med Pay)

Medical payment coverage helps pay for medical expenses for accident-related injuries to your family and passengers, no matter who is at-fault. These expenses can include; hospital stays, doctor visits, x-rays, surgery, and even funeral expenses should the worst happen. Medical payment coverage covers you, your passengers, and other family members. This is a valuable protection that is fairly inexpensive to add to your policy.

Uninsured Motorist Coverage (UM)

This coverage helps pay for medical expenses and other damages incurred by your family and passengers when the other driver carries little or no bodily injury liability insurance. A recent survey found that about 20% of drivers in SWFL either have no insurance or carry the state minimum. That’s why UM coverage is a valuable addition to any auto insurance policy.

 Personal Injury Protection (PIP)

Personal Injury Protection coverage (or PIP) is required by the state, and covers $10k in medical expenses and other expenses regardless of who’s at fault. The way PIP pays out is a little more complicated, so please call or stop by for a more in depth explanation.

 Collision Coverage

This covers your vehicle if you’re in an accident that involves a “collision” with another car or cars or objects (trees, house, etc). Collision coverage helps pay for repairs to your vehicle up to the ACV (actual cash value) of your car less the applicable deductible. Typically, you can select a deductible from $100 up to $1000. Keep in mind, that you can save money by choosing a the higher the premium.

 Comprehensive Coverage

This coverage helps pay for losses that result from everything that is “not a collision”. This can include; fire, theft, vandalism, storms, or even a tree falling on your vehicle. This coverage also provides coverage for broken glass and/or windshields. Like collision, comprehensive coverage carries a deductible, and can affect your premium based on how high or low of a deductible you chose.

Other Coverage that can be added.

Towing and Labor—This option will help reimburse you for the expense of having your vehicle towed, as well as other basic roadside services. You usually have a couple of coverage options; either $50 or $100 per occurrence.

Rental Car Reimbursement—This feature would pay a set amount ($20, 30, 40, etc) for you to rent a vehicle while your car is in the shop being repaired due to accident. The coverage typically pays for a maximum of 30 days. A nice feature, if you only have one vehicle in the household, or if you need a vehicle to get to and from work.

Customizing Equipment—Custom wheels, gauges, and other aftermarket products that are permanently installed to the vehicle.  Stated amount coverage is available for values over $ 5,000.

Loan Payoff Coverage—Pays for the difference between the actual cash value and any greater amount that you may owe under a finance or lease agreement to a financial institution.  Limited to 25% of actual cash value. Some conditions apply.

Typical Available Discounts –  How Many do you qualify for?

Advance quote discount

Multi Car discount

Continuous coverage discount

Paid in Full discount

Three year Safe Driving discount

Five Year Accident Free discount

Vehicle Anti Lock Brake, Airbag, Passive Anti-Theft discounts

Multi-Policy Discount

Senior Citizen discount

 

We have Great Auto Insurance Rates.  See how many Discounts you may qualify for. 

Request a Quick Quote from Website or Call 239-265-9577.