Month: May 2018

What Does Auto Insurance Cover if You’re At Fault?

Posted on by agentinsure

If you’re at fault in an auto accident and you have the right coverage options in place, your insurance can provide a wide spectrum of protection. However, basic coverage may not be enough to pay for all the property damage and medical expenses. To understand what auto insurance will cover, it’s critical to know the features of your policy.  

The basic coverage required in Florida includes personal injury protection and property damage liability. Regardless if you’re at fault in an accident, personal injury protection will help you pay your medical expenses. Property damage coverage will pay for repairs, or replacement costs, to someone else’s property. However, the required basic coverage payouts are minimal. Working with an insurance specialist at Coastal Wealth Insurance, LLC in Fort Lauderdale, FL is key for discerning the right coverage limits for you.

In addition to basic insurance, bodily injury coverage will help pay for someone else’s medical expenses, if you’re at fault in an accident. This is a popular coverage option that can have immense benefits for you, your family, and for those hurt in an accident. The risk of financial hardship and ruin is mitigated when the appropriate coverage is in place. Additional insurance coverage, such as general liability and collision, are important to have because they can increase your protection, even if you’re at fault.

To learn more about auto insurance and how to protect yourself if you’re at fault in an accident, please contact Coastal Wealth Insurance, LLC in Fort Lauderdale, FL. Having the right auto insurance policy can protect you and your families assets while assisting you and others in recovering from an accident. Being underinsured is a risk that can be mitigated with the help of an insurance specialist.

Home Insurance for Multiple Homes

Posted on by agentinsure

Homeowners insurance is usually written for one home and one homeowner. The same way you can’t insure various homes in Fort Lauderdale, FL using the same insurance plan, you cannot buy several policies for one home. Duplicate policies will create legal confusion when you are filing a claim on your property.

Even if you have multiple policies for your home in effect, it would be impossible to get coverage from all insurers, and it will become a chore to get any of the companies to settle a claim. When you have two homeowners insurance plans at the same time, you will be giving the insurers a legal loophole whereby they can deny that the claimed responsibility rests with another company. What’s more, if you try filing a single claim with the companies, you may end up losing both policies, and they can charge you with insurance fraud, a severe crime.

What should you do if you have more than one home? 

You need to get a separate insurance policy for every home you own. In this case, you will have as many policies as the homes you have. Coastal Wealth Insurance, LLC is one of the companies you can rely on when you need insurance coverage for your various homes. Remember that there are some insurance options you can explore to reduce coverage rates, for instance, declaring one of your homes to be a vacation house. Additionally, your home insurance can be reduced to landlords insurance if you choose to rent out any of your homes. Keep in mind that the landlord insurance doesn’t cover liability for residents and their personal properties. Although it’s impossible to combine the insurance policies for all your Fort Lauderdale, FL homes in one single policy, you can get different home policies from one insurer.

Would you like to get homeowners insurance policies for your multiple homes?  Contact Coastal Wealth Insurance, LLC for more information. We can get you a quote and answer your questions.