Why do I need auto insurance in Oakland Park?

People that are in the Oakland Park, FL area will always find that it can be a great place to live. To maximize your experience here, getting a car is a good idea. Along with a car, you also need to get the right insurance. You will need to have an auto insurance plan for a few reasons. 

Coverage is a Requirement for Drivers

A key reason that you should get an auto insurance plan is that it is a requirement for drivers. If you want to drive a car legally in Florida, you need to at least carry liability insurance. Further, if you have decided to take out a loan when buying a car, you will need to obtain a full plan to meet your lender’s standards. 

Protect Your Car

Even if there were no auto insurance requirements, you will still want to have it as it is the best way to protect your vehicle. if you choose to buy a car, you will want to be able to use and enjoy it for a long time. A great way you can do this is by getting an auto coverage plan with collision and comprehensive coverage, which will protect against many forms of loss. 

If you are in the Oakland Park, FL area, you clearly will need to have an auto insurance plan. If you are evaluating your options here, it would be helpful to spend time with eAdvisorPro Property & Casualty LLC. There are various choices to make when building a plan and eAdvisorPro Property & Casualty LLC can help you obtain the right coverage. The team here is going to provide any support you need to assess your options and build a plan that will protect your car and keep you in full compliance. 

Three Things to Consider When Buying Commercial Insurance

From locating a property for your business to investing in equipment and products, starting a brand-new business can be quite the endeavor that you take on. Although your plate may be full at the moment, you won’t want to overlook the importance of investing in commercial insurance. There are several different things that Oakland Park, FL business owners should take into consideration when purchasing commercial insurance, and the team at eAdvisorPro Property & Casualty LLC have taken the liberty of putting today a brief guide for you.

Legal Requirements

Depending on your exact location, you may be bound by law to obtain a specified amount of insurance coverage. This is specifically true for workers’ compensation insurance, as you may be required to obtain this type of coverage if you have a certain number of employees. We can help you determine what type of coverage is required by law for your Florida business.

Products and Services Offered

Whether you are a plumber or a lawyer, small businesses that offer a product, service, or advice to individuals or other businesses will require general liability insurance coverage. This type of coverage offers protection for your clients from financial loss in the event of property damage, third-party injuries, and even advertising-related injuries.

Professional liability insurance can also provide coverage in the event that a lawsuit comes up as a result of oversight, a mistake, or negligence. Product liability coverage should be considered if you sell products or food to consumers, as this will provide protection for you in the event a customer suffers an injury or becomes ill as a result of one of your products.

Insurance Coverage Needs

It can be tempting to select the business insurance policy that has the least expensive premiums in order to save money. After all, owning a business isn’t cheap. However, if you choose a policy that doesn’t offer sufficient coverage for your business, you may find that you’re paying significantly more in the event someone is injured on the premises, you make a mistake that injuries a client, or the property of a customer is damaged. We can help in determining the best amount of insurance coverage needed for your business while staying as close to your budget as possible.

If you’re ready to get commercial insurance for your Oakland Park, FL business, or if you have any questions, give us a call today at eAdvisorPro Property & Casualty LLC so we can help you protect your business from potential risks.

Why You Should Create a Home Inventory

Homeowner’s insurance is not a cut-and-dry matter. Depending on the policy you have, you may not get the coverage you would like for all of your valuables and any other possessions you want to be able to replace or repair. That’s why it’s a good idea to start out with a home inventory when you’re about to get insurance from a company such as eAdvisorPro Property & Casualty LLC of the Oakland Park, FL area. 

What is a home inventory? 

A home inventory is a list that details the items in your home that are of importance. You can back this up with receipts, photos, and video so that you have proof of this property.  It can help when it comes to determining how much insurance coverage you should have in place. 

Reasons for Using a Home Inventory

When you go through your house and put together a home inventory, this will help you remember everything you have that you want to have insurance coverage. This is crucial because many people won’t be able to recall every item in their home while in the agency office. This is something you should do on a regular basis (about six months to a year) to have an update on the property you want to add. 

Another reason this is ideal is that you can save time when you go to file a claim. If there’s been a tornado, fire, or some other event that’s caused damage to your home and its contents, you can feel secure knowing you won’t have to pay out of pocket for replacing or repairing most of it. 

If you’re looking for home insurance in the Oakland Park, FL area, eAdvisorPro Property & Casualty LLC can assist you. Reach out for more information and to get started with this process. 

Do I need auto insurance when my car loan is paid off?

Auto insurance is a requirement when you have an auto loan. Once you are out from under that monthly payment, you may think about how great it would be if you didn’t have to pay for insurance either. It may be a tempting thought, but it is not something that you can do. Like most other states. Florida has mandated insurance coverage that you are required to carry. At eAdvisorPro Property & Casualty LLC in Oakland Park, FL, we take our responsibility seriously to make sure our customers have the coverage that is required. 

In the state of Florida, drivers must have PIP at $10,000  and PDL at $10,000. PIP pays for injuries in an accident no matter who is at fault since Florida is a no-fault state. PDL pays for property damage caused by you or someone else driving your vehicle. 

No matter what else you are considering when it comes to auto insurance, you need to have the basic required amount. Now that you don’t have to maintain the collision and comprehensive coverage, you may think it sounds like a good idea not to keep it. While it is tempting to save money, it isn’t always a good idea. 

While you don’t need to keep your collision and comprehensive coverage, is it really a good idea to allow it to lapse? Not if you use your vehicle every day to maintain the daily activities of your life. Being able to repair or replace your vehicle is a hardship for most people. When you need your vehicle daily, protecting it is vital to your comfort. Only if your vehicle has very little value or you are financially able to replace it should you allow yourself to have basic coverage. 

In Oakland Park, FL, contact eAdvisorPro Property & Casualty LLC for all your auto insurance needs. 

Should you get commercial insurance for your company?

Anyone that wants to be their own boss should consider starting their own company. As you are looking for a place to start your business, Fort Lauderdale, FL continues to be a good option. This part of Florida has a great economy and always a lot of people between local residents and regular visitors. If you are going to start a company here, you should get insurance. This coverage is a good idea for a few reasons.

Protect Against Liability

Businesses in this area of Florida need to make sure they recognize and prepare for their liability risk. A business can be held liable if a customer is injured through the use of a product or service sold by the company. As the damages in these situations can be significant, having a commercial insurance plan to help mitigate this risk will be helpful. 

Protect Company Assets

You should also get a commercial insurance plan so you can have protection for your business assets. Anyone that runs a business will need to invest in various business assets to operate their organization. These assets are very important and ensuring they are covered is necessary. With commercial insurance, you can ensure your assets remain properly covered at all times. This will offer support if you incur an asset loss due to fire, theft, or other forms of loss. 

If you are in the Fort Lauderdale, FL area and would like to get proper insurance, it would be a good idea for you to call eAdvisorPro Property & Casualty, LLC. There are a lot of important choices to make when looking for this coverage and eAdvisorPro Property & Casualty, LLC can make the process easier for you. This will ensure you choose a plan that adequately protects your organization. 

Safety tips for new drivers in Florida

Driving your vehicle for the first time comes with mixed emotions. You are full of worry about what could possibly go wrong but excited at the thought of driving yourself around. However, you don’t need to worry if you have taken driving classes and practiced a couple of times, but there is one thing you need to seriously put into consideration–safety. With that said, here are a few safety tips to keep in mind when driving on Fort Lauderdale, FL roads.

Fasten your seatbelt

Safety begins with simple practices which you must learn to adapt to every time you’re driving. Every time you enter your vehicle, be sure to fasten your seatbelt and adjust the seat to fit your driving comfort. You don’t have to do it every day if you are the only person driving the car.

Familiarize yourself with your car

By now, you should know that cars don’t operate the same.  The location of some controls may also be different in different vehicles. Therefore, never assume that everything will be the same in all vehicles. If you are buying a new car in Fort Lauderdale, FL, be sure to know where all the controls are and practice safe driving before heading out on a busy road.

Avoid distractions

It’s easier to get distracted when you are a new driver, especially with the excitement of being on the road. To avoid losing control and potentially causing a collision, avoid using your cellphone or multitasking when driving. If you have to do something else other than drive when in your car, Coastal Wealth Insurance LLC recommends slowing down and finding a spot to park.  Similarly, avoid driving under influence, while sick, when stressed or when tired.

Assess your visibility

Before heading out, especially on a long trip in a different car, take your time to check and adjust mirrors to improve visibility. Also, make sure they are clean and all lights are working correctly in case you will be driving at night. 

Don’t forget to get proper auto insurance. If you need help acquiring one, don’t hesitate to contact Coastal Wealth Insurance LLC to help you through the process.

Florida auto insurance laws every driver needs to know

Florida Auto Insurance Laws Every Driver Needs to Know

Did you know that 26.7 % of Florida drivers are uninsured despite auto insurance being mandatory in the state? The Florida auto insurance laws are unique, and being caught uninsured can get you into serious trouble with the law. If you just moved into Fort Lauderdale, FL, Coastal wealth insurance LLC recommends knowing the Florida car insurance laws, penalties, and coverage options. To get you started, here is what you need to know.

Minimum Insurance Requirements in Florida

The law requires that all drivers carry auto insurance with personal injury protection (PIP) not less than $10,000 and Property damage liability not less than $10,000. The two coverages are designed to cover for your injuries and other people’s property. Coastal wealth Insurance LLC also recommends buying bodily injury liability to pay for medical bills of injured parties in the event of an accident.

Florida is a No-Fault State

Being a no-fault state means that every driver is responsible for their own injuries—it doesn’t matter who was at fault. That’s why you are required to have Personal Injury Protection (PIP). However, if you cause an accident that causes more damage or injuries than your policy can cover, the person can sue you for the injuries or damage—another reason why you need bodily injury liability.

Insurance Laws in Florida

Like any other state, Florida has clearly explained insurance laws for all drivers. The law requires all licensed drivers to buy policies from licensed insurance companies in Florida before registering or legally operating the vehicle in the state. If you choose to move out of the state, you must turn in your vehicle registration and license plate before canceling the policy.

Not sure where to buy auto insurance in Fort Lauderdale FL? Worry no more because Coastal Wealth Insurance LLC professionals can help you find the type of policy you’re looking for. Try us today.

Is commercial insurance in Fort Lauderdale a good investment?

If you would like to be a business owner, starting one in the Fort Lauderdale, FL area is a good idea. Those that choose to start a company here will enjoy the consistent permanent and tourist population base, the strong economy and support for small businesses in the area. To protect your business, you should invest in a commercial insurance plan. 

Insurance Gives Protection Against Liability Risk

A business that is in this area of Florida will take on liability risk on a consistent basis. Those that are responsible for damages could be held liable and will be required to pay for any related restitution. As these expenses can add up quickly, you will want to know that you are properly covered. A commercial insurance plan will include a provision for liability risk protection. 

Insurance Protects Company Assets

You should also get a commercial insurance plan to cover the assets owned by the company. When you are a business owner, there is a good chance that you will need to invest heavily in assets that will be used to build and grow your company. To ensure that these investments are protected, you should get a commercial insurance plan. With this coverage, you are going to receive the protection needed to repair or replace your key assets if they are damaged, stolen or destroyed. 

The Fort Lauderdale, FL area continues to be a good place to start and run a business. For those that are here and are looking for commercial insurance, a good company to call is Coastal Wealth Insurance LLC. If you do call Coastal Wealth Insurance LLC you can learn a lot about the different insurance options that you have. This will help ensure that you remain properly covered and protected at all times. 

Hey Floridians: This is All you Need to Know About Auto Insurance

Your car is one of the most valuable assets you will ever own. As such, you must try everything to safeguard this treasurable investment. While car maintenance is pivotal, car insurance is equally important. 

That said, finding the right auto insurance means that you are not only in compliance with Florida laws, but it also gives you peace of mind when driving. Fortunately, Fort Lauderdale, FL drivers can be at ease knowing that they can purchase affordable insurance from Coastal Wealth Insurance LLC.

Florida car insurance requirements

The law requires you to have the below minimum auto insurance coverage:

  • Property damage liability with a $10,000 limit
  • Personal injury protection (PIP) with a $10,000 limit per person

Whereas the law requires you to have the above minimum coverage, you can purchase the below additional coverages for maximum protection of your car.

  • Collision insurance: To protect your car in case of damage from another vehicle or stationary object.
  • Medical payments: Covers for treatment and rehabilitation costs.
  • Bodily injury protection (no-fault insurance): Regardless of who is at fault, this insurance covers lost wages or medical expenses after a vehicular accident. 
  • Uninsured/underinsured motorist bodily injury: Protects you if you are involved in an accident with a person without insurance or with inadequate coverage.
  • Comprehensive coverage: Covers your car against additional risks like theft, vandalism, and damage from natural disasters. 

How much does car insurance cost?

Every car insurance has its own formula for computing car insurance premiums. However, the below factors have a say in how much auto insurance will cost you:

  • Your credit rating
  • Make and model of your car
  • Your claim and insurance history
  • Age, gender, and marital status

Are you in Fort Lauderdale, FL and its environs looking for auto insurance? Please visit us at Coastal Wealth Insurance LLC, and our specialists will help you get the appropriate auto insurance. While there is no one-size-fits-all car insurance policy, we shall help you get one that is unique for you. 

The Importance of Collision and Comprehensive Coverages

While it may seem tempting to obtain just the state minimum auto insurance, this blog explains why you need comprehensive and collision, too. We know. It seems that auto insurance costs quite a bit sometimes but here at Coastal Wealth Insurance LLC, we want you to understand why you should include comprehensive and collision insurance coverages on your auto policy.

Collision Coverage Protections

The state minimum insurance requirements only protect the other drivers and pedestrians. You need collision and comprehensive to protect your vehicle from damage from accidents you cause that damage your vehicle and storm or fire damage to your vehicle.

For example, a deer runs out in front of your car while you drive the outskirts of Fort Lauderdale, FL. You slam on the brakes, but the deer does serious damage. Collision coverage pays for the car repairs. Handy since deer carry no insurance.

Your collision coverage also covers damage from hitting a mailbox, fence, driving into the garage door, hitting a parked car, etc.

Comprehensive Coverage Protections

A hail storm hits while you have to park outside. Dents cover your vehicle. Your comprehensive coverage pays for the repairs.

Your comprehensive coverage also covers damage from other common named perils, including thunderstorms, lightning, hurricane, fire, tornado, etc. It also covers the loss of your vehicle if it gets stolen.

Contact Fort Lauderdale, FL’s Coastal Wealth Insurance LLC to learn more about the many coverages of auto insurance. Roadside assistance and personal injury protection (PIP) offer important coverage options, too. Let us help you determine which coverage types you most need and help you locate affordable options. Call us today!