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

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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?

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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

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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

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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?

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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

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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

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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!

Why should I get home insurance in Florida?

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Every year, millions of people come to the Fort Lauderdale, FL area to enjoy the warm sun, nice beaches, and access to many recreational activities. If you would like to move to this area of Florida, the continued demand for housing makes it a great place to acquire a property. If you are going to purchase a home here, you need to get insurance for it. There are several reasons why people in the area should get an insurance policy.

Insurance Protects Most Valuable Asset

A primary reason anyone in Florida should get home insurance is that it will protect your most valuable asset. A Florida property is a very valuable investment that could pay significant dividends in the future. Along with this, it is important that you protect your investment as well as you can. If you get home insurance, it will provide the coverage that is needed to protect your home and financial future.

Insurance Will be Required

You should also get home insurance because it will keep you in compliance with requirements. Property owners all over Fort Lauderdale will have insurance requirements set by home associations, mortgage lenders, and other parties. Not complying with these requirements could be problematic for you. Fortunately, you can easily comply with these requirements by getting the right coverage. 

As you are looking for a home insurance policy in the Fort Lauderdale, FL area, you will want to ensure that you get into a quality insurance policy. If you are looking for insurance here, the team at Coastal Wealth Insurance LLC would be a great resource for you. If you do work with Coastal Wealth Insurance LLC you are going to get the guidance and support that is needed to build or choose a new policy for your home. 

How to Better Understand Your Auto Insurance Policy in Fort Lauderdale

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An auto insurance policy in Fort Lauderdale, FL can sometimes look like it’s written in a different language. From the confusing jargon to the vague outcome, it’s not hard to see why many people are confused by the time they file a claim. Coastal Wealth Insurance LLC wants you to know how you can use your policy to your advantage rather than shying away from the long contract. 

Your Policy Is for You 

You can’t look to your neighbor, friends, or family members when you’re trying to understand your auto insurance policy. Their policies are written based on their needs and habits, and yours is written based on you. So if they filed a claim because they hit a deer and were rewarded with full coverage, this does not mean that you can do the same. 

Policies Are Based on Generalities 

There are so many reasons why you might file a claim, and every possible situation can’t be covered in a policy. Your auto insurance can cover a number of common events, but there are certain things that can’t be listed. You need to understand the basic outline of your policy to get a better idea of how your carrier will handle your claim. 

The Carrier Matters 

Who you choose as a carrier can have a lot to do with whether you understand your auto insurance policy. It comes down to how the staff communicates with you and whether you feel comfortable going to them with your questions. Coastal Wealth Insurance LLC wants you to have everything you need in Fort Lauderdale, FL to feel comfortable with your coverage. So even if you exclude certain events, you understand exactly what you’re signing up for. Give us a ring and let us start filling you in.  

Why do I need commercial insurance in Florida?

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For people that are looking for a great place to start a small business, the Fort Lauderdale, FL area is a great option. Those that start a business here will benefit a lot from the high population of both residents and tourists. If you do start a company here, you need to make sure that you get proper insurance for it. There are several reasons you will need commercial insurance here. 

Insurance Protects Business

The main reason that you need to get commercial insurance for your Florida business is that it can protect your business. A small business in this state will have assets that are vital for the ongoing success and operation of a business. Additionally, a small business owner will take on liability risk regularly. To ensure that you are protected against a liability claim or some situations that result in an asset loss, you will need to carry commercial insurance at all times.

Insurance is Required for Many

Another reason that a lot of businesses need to get commercial insurance in Florida is that it is often a requirement. A small business owner that raises capital takes out a bank loan or leases a space in a property should pay attention to their insurance requirements. In many cases, these parties will have specific commercial insurance requirements that you need to meet.

As you are shopping for a new commercial insurance policy in the Fort Lauderdale, FL area, you should contact the team at Coastal Wealth Insurance LLC. When you call Coastal Wealth Insurance LLC you are going to have the guidance you need to choose a new policy. This will include a personalized approach to determining your business risks, which the company will then work hard to mitigate by helping you get into a new policy.