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  • admin 8:16 pm on May 13, 2014 Permalink  

    Florida Auto Insurance Requirements 

    If you are a new or pre-existing driver in the state of Florida, it is imperative that you consider the Florida auto insurance requirements to ensure that you are sufficiently covered in the eyes of the law.  There are a variety of components integrated into Florida’s auto insurance laws, therefore you will want to ensure that you are covered by the required insurance offerings.  In this article we will delve into passengers, pedestrians, accidents, and how to protect yourself while driving.

    Personal Injury Protection

    Florida is a no-fault car insurance state, meaning that in the event of a car accident, drivers will need to have insurance coverage pertaining to personal injury protection.  As one of the first Florida auto insurance requirements, as a driver you are required to have a policy that provides you with at least $10,000.00 in personal injury protection.  If you or anyone else on your insurance policy is in an accident, the PIP benefits will pay for any medical expenses that are incurred due to injuries.  They may also pay for non-medically-related costs such as loss of wages or having to hire outside help to take care of your property.

    Another part of having PIP protection as one of the Florida auto insurance requirements is that it helps to make the claim filing process simpler.  In the event of an accident, each party will turn to their own policy to pay the expenses of their loss.  Regardless of who was at-fault during the accident, each party will pay for their own expenses.

    Minimum Insurance Requirements

    Another component of Florida auto insurance requirements is the total amount of minimum insurance that you are required to carry.  Each driver is required to have $10,000.00 in personal injury protection and $10,000.00 in property damage liability benefits.  Unlike other states, Florida does not require all drivers to have Bodily Injury Liability coverage, only drivers who have had accidents or violations in the past.  It is imperative that every driver in the state of Florida has insurance, otherwise they can have their license suspended if caught driving without the minimum required insurance.  Getting your license reinstated is a hassle and quite costly, therefore it is more advantageous to be driving with insurance than without it.

    Underinsured and Uninsured Motorist Coverage

    Unlike other Florida auto insurance requirements, drivers are not required to purchase underinsured or uninsured motorist coverage.  This particular type of coverage must be given to the driver from their insurance company when the driver purchases a policy with their company.  If the driver does not want UIM coverage, they can reject it in writing.  With the use of UIM, drivers who don’t have insurance or who don’t have enough insurance to cover medical bills and damages in the event of an accident, will have a coverage plan to protect them.

    Florida auto insurance minimums help drivers to understand how much coverage they need to be sufficiently prepared for an accident.  With the ample amount of laws revolving around Florida auto insurance, it is advised that every driver signs with an insurance company to ensure that they are protected while driving.

     
  • admin 2:45 pm on March 6, 2014 Permalink  

    About Federated National Insurance 

    A lot of homeowners can find an abundance of home insurance policies on the market from many homeowners insurance companies on the market. Though, how can they select the right policy to start? What about the insurance company they should work with? Questions like that – and much more – are best answered by learning more about insurance companies that may offer a fair policy.

     

    About Federated National Insurance

     

    Federated National Insurance, since 1991, has provided pretty robust property insurance coverage for residential and commercial properties. While they serve hundreds of thousands of customers in states like Georgia, Louisiana, Texas and Florida, they also provide their services to over 300 commercial general liability businesses and special events.

     

    While they’re known as Federated National Insurance, potential consumers should also know that they’re referred to as Federated National Insurance Company, too. Federated National Insurance is best lauded for their attention to detail in terms of customer service and their robust homeowners and commercial property insurance policies.

     

    ‘Robust residential and commercial policies’

     

    As mentioned, Federated National Insurance provides a lot of coverage options for residential properties, though they also have plenty of coverage for commercial businesses.

     

    Their Homeowners Insurance Policy is specifically designed to provide insurance coverage for the inside and outside of a home. Of course, they always work with potential customers to help them find the right coverage plan for their needs.

     

    They also provide a high value homeowners insurance policy, designed to specifically protect higher valued homes like mansions and other larger homes. All of Federated National Insurance’s homeowners insurance policies are designed with that particular idea in mind, since they typically work to allow their customers to get the coverage they need in case anything happens.

     

    In the case of their high value homeowners insurance policy, they usually send one of their representatives to evaluate the home in question. This helps them figure out what coverage that particular property might need without selling a customer extraneous insurance coverage on their home.

     

    Besides their robust Homeowners Insurance policy, Federated National Insurance provides insurance coverage in the form of Condominium Insurance, Renters Insurance, Flood Insurance, Umbrella Liability and General Liability insurance.

     

    Businesses and business owners are also protected under their General Liability Insurance, as it helps protect them against unexpected events that happen on their business property. They also provide Inland Marine Insurance for businesses who use both land and/or marine-based transportation for products and/or goods that need transport.

     

    Rounding up those insurance options are their coverage options for Workers Compensation Insurance, which helps business owners provide their workers the insurance coverage they need when they’re on the job. They also have a relatively attentive customer service team, who are known to help people get their claims filed fast and, subsequently, on time.

     

    The amount of options that Federated National Insurance provides for both homeowners and business owners makes them a viable insurance company for anyone considering their services. So, if you live or are based in any of the states where Federated National Insurance currently provide their services, you might fare well having your property, home or business protected with their policies.

     
  • admin 7:17 pm on January 22, 2014 Permalink  

    Common Myths Behind Life Insurance 

    Life insurance, as we know it, is more about preparing yourself and your family in the event of your death. The prospect of getting life insurance is less about getting to protect ourselves throughout our lives, but more about protecting our families and lifestyles at the end of our life. That very notion is one reason why life insurance policies are ‘sold’ to life insurance policy holders, rather than bought.

     

    Misunderstandings like these make up the prevalence of life insurance myths nowadays. Life insurance myths are more common than you think, since a lot of people have it decided that they don’t need a life insurance policy. If they’re the sole financial provider for their family, however, chances are that they do need a life insurance policy.

     

    Do you think there’s as many life insurance myths out there as they claim? Let’s take a look at three of the most common life insurance myths you might stumble upon nowadays.

     

    The most common life insurance myths

     

    1. You don’t have to worry about your health.

    There are many life insurance policy providers that promise a low-cost, no-exam guaranteed life insurance policy. They even promise that they won’t turn you down, regardless of the condition of your health.

     

    To be honest, many of these policies don’t fulfill their promises–and actually end up costing more than they promised to issue out as benefits. The costs are due to the increased health risks from, you guessed it, the policy holder. Coupled with prospect of very few people receiving good rates to begin with, and you can see why that it’s imperative for policy holders to stay in good health.

     

    2. Agents usually disclose their commission information.

    Life insurance agents rarely disclose their commission information, even if you think they do. In fact, the life insurance industry is known as the last financial industry to keep agent commissions under wraps. This is mainly attributed to how life insurance is sold to prospective customers: if customers know how much an agent earns on their commission, it could potentially spoil the sale.

     

    Even though the international practice of divulging agent commission information is slowly making its way to the United States, for now, most life insurance customers shouldn’t expect to get that information right away.

     

    3. Life insurance is always a good investment.

    Even though whole life insurance sounds good in name, many industry experts don’t consider life insurance to be a good investment. In fact, it’s known that the life insurance industry may coax customers into signing up just because they can, and not because they’re making a sound investment.

     

    Many whole life insurance customers also end up dropping out of their life insurance policies within 10 years of signing up; some have even dropped out as soon as two years after enrollment.

     

    Most people who drop out rarely get a good return on their invested money, too. Such a phenomenon is the main reason why experts suggest to invest in term life insurance instead—and to place the savings elsewhere.

     
  • admin 2:33 pm on November 3, 2013 Permalink  

    Stay Safe and Secure with Florida Insurance Quotes 

    Stay Safe and Secure with http://yourfloridainsurancequotes.com

     

    Florida is one of the world’s most favorite places because of the amazing weather, the entertainment, and the glorious beaches. While Florida is a great place to visit, it is an even better place to live. People who live in Florida have access to fresh food, fresh air, and fabulous people. If you live in Florida or you want to move to Florida, you will need to be sure that your home and vehicles are covered by the best insurance and the best price.

     

    Insurance Coverage for the Wacky Florida Weather

     

    When it comes to weather related insurance needs, the residents of Florida have unique needs. Not only do they need to have traditional insurance for their homes and cars but they need to be prepared for the crazy weather that occurs. Florida is the lightning capital of the world, so people need to be prepared for damage caused by major thunderstorms. Those lightning bolts often cause fires and because Florida has a dry season that compliments the wet season, if those lightning bolts strike a dry part of the state, wildfires can spring up and take over the landscape very quickly.

     

    Preparing Your Peace of Mind

     

    They also need to be prepared for those hurricanes that occur during the summer and early fall months of the year, too. Hurricanes bring a wide variety of potentially damaging weather to Florida and without the best insurance. If you live near the coast, you will need to have insurance to protect your belongings from floods. If you live in the central parts of the state, you will want to be prepared for tornado damage; yes, tornadoes come with hurricanes, too. Even the wind damage from hurricanes can create damage to property from downed palm trees and power lines, too. When you begin looking for the best insurance, shop around for Florida insurance quotes to get coverage that protects you. It is important that you get insurance from a company that will help you quickly if any damage occurs to your valuable property.

     

    Great Prices with Useful Discounts

     

    Getting several Florida insurance quotes will help you find the best price for your auto insurance, too. There are so many insurance companies that claim they provide the best service, but they often have sky high prices and very poor customer support. Reading reviews online and talking to your friends and coworkers about their auto insurance is one of the best ways to save time when you are looking for insurance prices. Many insurance companies will reduce prices if you work in certain industries or you have an excellent driving record. The industries that usually earn discounts include education and law enforcement because of the fact that people in those industries tend to safer than people in other lines of work. You can also frequently save a lot of money on both home and auto insurance if you bundle your services with one company.

     

    Keep Your Family Safe and Secure

     

    It may seem like buying insurance is kind of like throwing your money down the toilet because it seems like you get nothing for all of the money that you spend. But, when you live in a state like Florida, which is vulnerable to so many possible disasters, it is extremely important that you are able to protect your family and your belongings with good quality insurance.

     

    Don’t Forget about Life Insurance

     

    In order to protect your family and not just your belongings, you can also consider buying life insurance. In families where one adult is the person who makes money to support the family, good life insurance is vital to the safety and security of the rest of the family. When families do not have life insurance and the breadwinner passes away unexpectedly, those who are left behind often struggle because of the lack of income. With a good life insurance policy, there is money to pay for a funeral, to pay off the mortgage, and to live off of while the survivors try to figure out what to do for a living. The security blanket of a life insurance policy can keep a family from falling into deep despair after the death of a loved one.

     

    Online and Local Businesses with Experts in Insurance

     

    It is not difficult to being looking for Florida insurance quotes. There are websites that allow people to get quotes from more than one company at a time. Most communities also have insurance agencies that employ experts who can help families get all of the coverage they need. While most of the big companies who do business online offer insurance in one niche market, like cars, homes, or life, the local companies usually have agents who can get all of those insurance needs covered. They also can help with boat insurance (since so many people own boats in the Florida) and even umbrella coverage for people who have expensive jewelry or other assets that they do not want to forfeit in any insurance-related law suits.

     
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