Umbrella insurance provide added protections that kick in after your liability limit is reached on your auto, vehicle, or homeowner’s insurance. For consumers who do not have umbrella insurance policies, once the policy maximums have been reached, they will be responsible for any claim above and beyond. For a relatively small premium, umbrella policies offer added protection—these policies kick in after your liability limit is reached on your auto, vehicle, or homeowner’s insurance. This is especially valuable in lawsuits, where awards frequently exceed the maximum liability on many insurance policies. In these cases, the extra protection of an umbrella policy can … Read Full Post
In this weeks edition of What We Are Reading, we share information about Umbrella Insurance, changes to Florida Personal Injury Protection (P.I.P.) policy and a possible change for Citizens Insurance policy holders. Why You Should Have Umbrella Liability Insurance Citizens changes worry beachfront condo owners Florida tax credit plan for stabilizing Cat Fund draws critics Will PIP reform work? Florida insurers way of PIP rate rollbacks timed for October
This holiday season, many people will receive jewelry as a gift. If you fall in this category, it would be smart to speak to your insurance agent about an personal artifacts policy. This type of policy allows you to individual insure a piece of jewelry and carries a separate deductible from your homeowners insurance policy. The policies are very reasonable in price and provide great piece of mind as you enjoy your gift from a loved one.
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
Most people know the importance of insurance protection. You don’t want to be without it when problems strike. What many don’t realize, however, is that protecting themselves with insurance isn’t a once and done event. You don’t wear the same pants you did when you were five years old because, besides no longer being in style, they simply don’t fit. A homeowner’s policy purchased when your house was furnished with bean bag chairs and bar stools is no longer going to “fit” once you’re lounging on Italian leather sofas while watching television on your wall mounted plasma screen. Life is … Read Full Post
Our November monthly newsletter is out and we highlight Annuities, Umbrella Coverages and Homeowners Policies & Jewelry. Annuities: A Guaranteed, Safe, and Reliable Investment Option Financial markets have a tendency to capriciously fluctuate with little predictability. Meanwhile, due to the fact that annuity income is considered guaranteed, safe, and reliable, it can provide greater financial stability for one’s retirement years. For those unfamiliar with annuities, these are contracts between an insurance provider and yourself. You agree to fund the annuity. It can be funded with a lump sum of money that you might have or through a regular payment to … Read Full Post
