Who needs to have home insurance in Florida?

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If you are in the Oakland Park, FL area, you can find that owning a home is a good idea. When you are looking to buy a property here, it will be important that you spend time assessing your insurance needs. This includes getting a proper home insurance plan. There are various situations when someone in this area will need to have a home insurance policy. 

When Financing a Home with a Mortgage

A situation when someone is going to need to have a home insurance plan will come when they take out a mortgage. Many mortgage lenders will require you to carry insurance until the home is paid off in full. If you do not have this insurance, you can face various forms of penalization. Because of this, carrying a full home insurance plan until the loan is paid off in full is very important. 

When Trying to Get Financial Protection

Another important reason to get a home insurance plan is so you can get financial protection. If you choose to buy a home, you are making a significant long-term investment. A great way that you can protect your investment is by getting insurance. With this coverage, you will be able to make repairs or replace the home if you incur certain types of loss. It would also be a good idea to get liability coverage to offset this risk. 

If you are starting to look to buy a home, it is very important that you take out a home insurance plan. For those that are in the Oakland Park, FL area, calling our professionals with eAdvisorPro Property & Casualty LLC is a good idea. Our team at eAdvisorPro Property & Casualty LLC knows the value of this coverage, and they can provide any support that you need. 

Does commercial insurance cover hurricane damage?

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At eAdvisorPro Property & Casualty LLC, we want you to understand what your commercial insurance covers and what it does not. Your Oakland Park, FL, business receives some pretty wide-ranging protection from a standard commercial building insurance policy, but it doesn’t cover all of the damage a hurricane causes.

Flood Damage

Hurricane storm surge and heavy rains cause flooding, but commercial insurance does not cover that damage. Only flood insurance covers flood damage. You can add a commercial flood insurance policy to ensure that you have full insurance.

Wind Damage

Typically, a commercial building insurance policy does cover wind damage. Strong winds, even hurricane-strength winds, remain covered.

What about water damage caused by wind damage? This falls in a different category than rising water flood damage. With this type of water damage, the standard commercial building policy does cover. If the wind ripped off your roof and water gets in the hole in the roof, the policy covers that.

Damage to Glass

Your business’s lovely plate glass windows do not receive coverage under your building insurance. You’ll need a glass policy to cover damage to windows. The same policy covers mirrors and glass windows in doors inside your building.

Covering When You Can’t Operate Your Business

You need to add a business interruption insurance rider to cover your business’s inability to operate during a business interruption. A business interruption refers to any event that precludes you from running your business. It includes hurricanes, tornadoes, derechos, fires, and other unexpected events. The rider provides coverage for typical business expenses.

Contact eAdvisorPro Today

Contact eAdvisorPro Property & Casualty LLC to review your commercial insurance policy to ensure your Oakland Park, FL business has all the coverage it needs.

What Information Should You Have Available When Reporting an Auto Insurance Accident to Your Auto Insurer?

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Suppose you have never been involved in an accident before. In that case, one of the questions you may have when an accident occurs is what information you need to have available when reporting that accident to your auto insurance company. At eAdvisorPro Property & Casualty LLC, providing auto insurance in the greater Oakland Park, FL region, we are frequently asked this question and want to help you prepare to file an auto insurance claim. Here are some of the crucial bits of information you should have available. 

Your Policy Information

Anytime you file a claim with your auto insurer, you should have your policy number available. Having your policy number available is necessary if you are filing a claim online or through an app. If you are filing a claim in person or via the phone, the insurance agent may be able to pull up your policy through other information, but having the policy number helps expedite the process. 

Information Pertaining to the Other Driver

Another critical bit of information you need to have is information about the other driver or vehicle that hit you. Ideally, you should have information such as the other driver’s name, license number, insurance policy provider and policy number, type of vehicle involved in the accident, and the vehicle’s license plate in the accident. 

Information About the Accident Itself

Lastly, be prepared to explain your version of the events that led to the accident. Ideally, it would be best if you jotted down what happened as quickly as possible after the accident so you do not forget key pieces of information or fail to convey this to the insurance agent. 

Having the correct information on hand can speed up the auto insurance claim intake process. If you are looking to purchase a new auto insurance policy to ensure you are fully covered in the event an accident happens, eAdvisorPro Property & Casualty LLC, serving the greater Oakland Park, FL area, would love to help you. Contact us now to get started. 

Does Home Insurance Cover My Detached Garage?

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If you own a home in Oakland Park, FL, you may wonder if your home insurance policy covers the detached garage from your property. The answer to this question depends on the coverage type included in your policy.

Types of Coverage 

The most common types of coverage for detached garages include: 

  • Building & Contents – This coverage includes the garage’s physical structure and contents, such as furniture, tools, and equipment. It also covers repairs or replacement should any damage occur due to fire, theft, or other disasters. 
  • Liability – Liability coverage shields you from any claims brought against you by third parties in case of physical or property damage on your premises related to your garage operations.
  • Loss of Use – This type of coverage helps to cover expenses related to temporary housing should your detached garage become unusable due to a covered loss such as a fire or storm damage.  
  • Specialty Property – Specialty property insurance can provide additional protection for items such as expensive tools and equipment that may not be covered under a standard homeowners’ policy.  

If you have questions about what your home policy covers, contact eAdvisorPro Property & Casualty LLC today. One of our friendly agents will be happy to discuss your coverage options.

How Much Does Home Insurance Cost? 

The cost of home insurance will vary depending on several factors, including the value of your detached garage, its contents, and the amount and type of coverage selected. Generally speaking, it’s wise to purchase enough coverage so that you are adequately protected against any potential losses or damages that could occur in the future.  

Contact eAdvisorPro Property & Casualty LLC today for more information about our various homeowner insurance plans and options.

The Meaning of Custom Car Insurance

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A major national ad campaign talks about "custom car insurance," but you get that from every insurance company, not just the one in the advertisement. Here’s how car insurance works:

Florida Auto Insurance Requirements

You don’t get a one-size-fits-all policy when you buy auto insurance from eAdvisorPro Property & Casualty LLC. Every customer at our Oakland Park, FL insurance firm gets a custom policy. Every policy meets the Florida legal requirements for liability insurance, but beyond that, you decide what coverage you want.

Every policy must contain at least $10,000 in personal injury protection (PIP) and $10,000 in property damage liability (PDL). Besides that, you choose what goes in your auto policy and the amount of coverage you want. Choose from:

  • Comprehensive
  • Collision
  • Roadside assistance
  • Gap coverage
  • Medical payments
  • Bodily injury liability

One of the 12 no-fault states, Florida does not require bodily injury liability, but you can add it if you want.

Personal Consultation

So, which coverage do you need? That depends on you. Contact us at eAdvisorPro Property & Casualty LLC for a consultation. We’ll ask you a few questions about your car, what you use it for, and how often you drive it.

We’ll also explain the various coverage types and how they help you. You can always get custom coverage on your automotive insurance. You can obtain the coverage amount you want with all types of coverage. If you add $10,000 or $50,000 of bodily injury liability, you can, but in Florida, you don’t have to add it.

Contact Us Today

Don’t believe the commercials. You can get a custom auto policy from us, too. Contact eAdvisorPro Property & Casualty LLC, serving Oakland Park, FL for more information.

With More than Twenty Five Types of Commercial Insurance, What Type Do You Need?

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At eAdvisorPro Property & Casualty LLC, we understand wanting to protect your Oakland Park, FL business. It would be best if you did so with the right insurance, which takes consultation with an expert.

Types of Commercial Insurance

When we say commercial insurance, we’re referring to a category of insurance that includes more than twenty-five policy types. Your business won’t need every one of them but will need specific policies. You’ll discover which ones your business needs by meeting with an insurance agent.

Most small businesses start with a business owners policy (BOP), which includes the four most common types of business insurance. These policies address liability, property damage, and business interruptions, such as tornados and fires.

Those businesses that don’t qualify for a BOP typically purchase all four policies separately. Depending on the type of business, you’d add to that with other, more specialized policies.

  • Medical personnel: Doctors, nurses, and other medical professionals typically add malpractice insurance. If they build medical devices, such as neural implants, dental implants, or prosthetics, they add errors and omissions (E&O) coverage.
  • Delivery businesses: Whether you ferry people or deliver pizzas, flowers, or something else, your company needs commercial auto insurance. It protects you with liability and property damage insurance.
  • Building owners: If you own a building and lease space in it to other businesses or maintain your business there, you’ll need boiler insurance. Even if the building has a modern heat pump instead of a boiler, you’ll still need this insurance. It reimburses you for repairing and replacing the heat and air systems, water heater, etc., in a building you own.

Contact Us for an Appointment

Those three examples illustrate the diverse landscape of commercial insurance. Contact eAdvisorPro Property & Casualty LLC, serving Oakland Park, FL, to find out which of the twenty-five types of commercial insurance your business requires.

How Much Home Insurance Should I Have?

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Your home means a lot to you. Despite your heavy investment in your home, it’s also a place where you have many memories. Your home holds sentimental value to you, so you should do everything possible to safeguard your beloved home.

One way of protecting your home is to invest in home insurance. While home insurance is a wise investment, you must buy a sufficient amount to give you much-needed protection. Not sure how much home insurance you need? Please talk to eAdvisorPro Property & Casualty LLC. But before then, here is a brief guide to help you determine the amount of home insurance needed.

How much dwelling insurance is enough?

If you want to determine the amount of dwelling insurance required, assume the worst-case scenario. Imagine a fire has consumed your home. How much would it cost you to rebuild your house from scratch? This should be the value used to insure your home.

The "replacement cost" value takes care of the local building costs. This means you will be compensated for your home’s value today. The replacement cost saves you out-of-pocket expenses when rebuilding or replacing your home.

How much content coverage do I need?

Like dwelling coverage, assume the worst-case scenario when determining the amount of contents coverage required. Always consider a value that can replace your entire assets. For instance, your home insurance should be sufficient to replace your assets when lost to a fire, flooding, etc. Maintaining a home inventory is the best way to ensure everything in your possession is covered.

How much liability coverage do I need?

This is usually tricky because you never know the number and extent of liability claims you will face. As a rule of thumb, you should hold liability coverage exceeding your assets. We usually recommend liability coverage of $300,000 but if you need additional coverage, consider umbrella insurance.

Home insurance in Florida

Still unsure about the amount of home insurance you need? Please get in touch with eAdvisorPro Property & Casualty LLC for personalized advice.

Required Auto Insurance in Florida

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When you have a vehicle in Florida, you must have an auto insurance policy. You can be charged high fines and fees if you don’t have a policy and proof of that policy. It’s also essential to have this coverage for your own protection in case you are at fault for an accident. When you are at fault, it’s up to you to pay for any of the damages done to the other party and their vehicle. To get the coverage you need in Florida, contact us at eAdvisorPro Property & Casualty LLC in Oakland Park, FL.

Florida Required Auto Insurance Coverage

There are many different types of auto insurance coverage that you can get to protect yourself and your finances. Florida’s required types of coverage are personal injury protection and property damage liability. In Florida, your insurance pays for your own injuries from an accident, even if the accident was someone else’s fault. You are required to have a small amount of this protection so that your own medical bills can be paid. However, the amount of personal injury protection required is so small that it’s a good idea to get more than is required. There is also an amount of property damage liability that is required. This pays for the damages to someone else’s vehicle after an accident. 

Collision Coverage

The state doesn’t require collision coverage, but it’s generally recommended for your protection. This coverage pays for the damage done to your vehicle in an accident when you are at fault. 

Get Your Auto Insurance in Florida

When you need auto insurance to stay legal and to protect yourself, contact us at eAdvisorPro Property & Casualty LLC in Oakland Park, FL to get the coverage you need.

Four Benefits of Home Insurance

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Buying a house is a dream come true for many. It takes a lot of savings and financial planning to own a home. It’s prudent to protect it from any unthinkable event. Home insurance, therefore, is a must-have for all homeowners. If you are still unsure whether you need home insurance, consider the following benefits as prepared by eAdvisorPro Property & Casualty LLC.

  • Liability coverage: You can’t afford to miss liability protection if you own a home. You could be liable if someone becomes injured on your premises or is bit by a pet. It could result in thousands of dollars for medical expenses or lawsuits, hence the need for liability coverage.
  • Dwelling protection: The main reason why most people buy home insurance is to protect their primary structure. Imagine dealing with total loss or significant damage due to a house fire or hurricane. With all your years of investment in your home, you can only do yourself a favor and buy home insurance.
  • It protects your assets: Personal assets like furniture, appliances, electronics, and other assets do not come cheap. Therefore, taking inventory of your home contents is crucial when signing the policy. The policy reimburses you if a covered event destroys any of the contents, a considerable benefit you should not ignore.
  • Covers additional living expenses: Home insurance offers more than just repairing or rebuilding your home after damage. The policy also puts you in a temporary living place if your home becomes uninhabitable after a covered event.

Home insurance in Oakland Park, FL 

Home insurance provides significant relief to all homeowners. Instead of constantly fearing what would happen in the event of an unfortunate occurrence, you sit and relax, knowing your home insurance policy got you. If you are looking for home insurance in Oakland Park, FL, look no further than eAdvisorPro Property & Casualty LLC. Contact us today for an affordable quote.

Required Commercial Insurance in Florida

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In every state, there are laws about which types of commercial insurance businesses within that state are required to have. In Florida, there are two that are mandated for certain companies. Knowing whether your unique business is necessary to have this coverage under state law is important. If you want to protect your business with commercial insurance, call us at eAdvisorPro Property & Casualty LLC in Oakland Park, FL.

Workers’ Compensation Insurance

Workers’ compensation insurance is a policy that pays for certain expenses after an employee has an accident at work and becomes injured. The policy will pay for the injured party’s medical bills, so there should be no reason to sue you for the damages. The policy can also pay for the worker’s lost wages due to the injury. If your business has at least four employees, you are required to have this insurance coverage. The employees may be part or full-time. 

Commercial Auto Insurance

When you have a business vehicle, a vehicle the company owns, that vehicle must be insured with a commercial auto policy. There are specific coverage requirements for these policies to cover different expenses. A coverage amount is required for your property damage liability for property damage that happens during an accident, and another specific amount is mandated for personal injury protection to pay for your medical bills from injuries incurred in an accident. These amounts are tiny, however, and it’s generally advised to get more coverage than the state minimum. This will mean better coverage in case an accident is severe. 

Get Your Commercial Insurance

It’s important to have the coverage you need for your business, especially when the state mandates it. When you need this protection in Oakland Park, FL, call us at eAdvisorPro Property & Casualty LLC.