If you are driving in Miami-Dade county today, be aware that there is a coordinated effort by law enforcement today. As with all traffic stops, drivers will be asked to produce an auto insurance card. The difference today is the officer will now call a command center to verify the authenticity of the produced document. Drivers with altered or fraudulent insurance will now be charged with a third-degree felony as it is illegal to drive without or fake insurance. Before you get in your car today, please make sure your auto insurance is up to date. If you have any … Read Full Post
An interesting Forbes.com article today talks about the important of long-term care planning as it relates to your retirement planning. Failure to do so can have serious financial consequences on your retirement. Long-term care insurance assists in medical expenses not covered by health insurance plans. Specifically, we are referring to nursing home, assisted living and home health care. There are many resources available to learn about your long-term care options. To speak to someone in our office, please contact 954-340-2323 and ask to speak to any of our Long-Term Care Specialists.
One million dollars is the minimum amount of coverage for an umbrella policy. However, insurance companies usually offer these types of insurance policies in one million dollar increments and often go up to five or ten million. Some companies that target high net worth individuals may offer up to fifty million or more in coverage. Most people who purchase an umbrella policy choose the one million dollar amount, but many choose two million dollars or more. A rough estimate of what it costs for the first million is about $200 to $250 a year, but can be higher if you … Read Full Post
We purchase insurance to protect us from what might happen. Hopefully we go through life, never having to make a claim against our homeowner’s or auto insurance policies. We know that the monthly or annual fee is in our best interest, even as we hope to never need its services. Taking home inventory should be just as important. This worthwhile task is yet another method of protecting ourselves against something that may never happen, but could. Yet few people place as much importance on taking home inventory as they do on increasing their homeowner’s policy coverage. While most insurance agents … Read Full Post
