It could be tempting for some people to neglect getting auto insurance. These people may feel like they could get away for a month or two without having car insurance to try to catch up on their other bills and needs especially in challenging economic times. And if you are encountering similar thoughts, you should know the penalties if you get caught without auto insurance. 

All states require drivers to have auto insurance. And even though every state has similar regulations, there are some differences. Thus, the penalties for getting caught with no insurance in Florida include the following: 

• The first offense includes a reinstatement fee. There is also a suspension of your registration and license for up to three years if you do not meet the deadline required to show proof of insurance.
• The second offense is a higher reinstatement fee if there is a lapse in three years of your first offense. Suspension of your registration and license for up to three years will also happen if you do not meet the required deadline to show proof of insurance.
• Subsequent offenses occurring after that and within a three-year period of your first offense will result in a significantly higher reinstatement fee than the second offense. Also, suspension of your registration and license for up to three years will also happen if you do not meet the required deadline to show proof of insurance.

Important Note: Insurance companies are required by Florida state law to report when their policyholders lapse on their auto insurance. So, it will behoove you to get and keep at least the minimum auto insurance required. 

You will be taking a great risk in not having auto insurance. so don’t put you and your loved ones’ livelihood at risk. For more information on auto insurance in the state of 

Florida, contact Coastal Wealth Insurance LLC today.  Located in Fort Lauderdale, FL, Coastal Wealth Insurance LLC has been serving the area for several years. They are licensed and experienced agents in Fort Lauderdale, FL who will lead in the right direction. Contact them now. 

Upgrading your home insurance in Fort Lauderdale, FL is probably necessary for far more people than you realize. In fact, the vast majority of people are underinsured and they don’t even know it. The last thing you need is to find out that your policy doesn’t cover something after it’s too late, which is why Coastal Wealth Insurance LLC is here to give you a few reminders. 

When Your Home Has Changed 

Your home doesn’t stay the same after you move in. You might replace the roof, you buy more furniture for it. Whether you’ve changed the fixtures in the bathroom or purchased an engagement ring, it may make a difference in terms of your coverage. Each home insurance policy will have its own limits placed within the fine print, and those limits are based on the original information that your carrier had at the time you opened the policy. So if you’ve made major adjustments, your policy might need a rewrite.

When You Want More 

Sometimes homeowners just want more coverage based on what they know about the world. If you live in Fort Lauderdale FL, you might choose to get a rider added on to your policy, so you can rest easy about whatever’s ahead. For instance, if you want flood insurance or if you decide that you want more coverage on your personal belongings. 

Call Today 

If you have questions about whether your insurance could use an upgrade, Coastal Wealth Insurance LLC is here to help you figure it out. We base our advice on not only what’s listed in your current policy, but also what’s important to you Give us a call today and we can start working for you and your family. 

Your business is an essential establishment like your home, and you need to understand how to protect your business. As a Fort Lauderdale business owner, you have different commercial insurance options. Here are the facts you need to know regarding business insurance and why it’s essential.

Commercial Insurance Options for Fort Lauderdale Business Owners

As a Fort Lauderdale business owner, your commercial insurance options include:

• Commercial auto insurance
• General liability insurance
• Workers Compensation insurance

Commercial Auto Insurance – this type of insurance is similar to the auto insurance required for personal vehicles. The coverage options for commercial auto insurance includes liability and collision and comprehensive coverage. These auto insurance coverage options protect your commercial vehicle if you are involved in a car accident, regardless of who is at fault. Another auto coverage option includes medical payments for uninsured motorists, which takes effect if you are involved in an accident involving your commercial vehicle, and the other driver does not have any or enough insurance coverage.

General Liability Insurance – This type of commercial insurance is necessary if someone sues your business. In the event you are sued, your general liability insurance policy prevents the lawsuit from resulting in a financial disaster. This commercial liability insurance provides financial protection for your business if you are sued.

Workers Compensation Insurance – if one of your employees is hurt on company property or while out on a job, they will require compensation for their injuries. As a business owner in Florida, you are required to have workers’ compensation. Workers’ compensation insurance is necessary because it prevents you from enduring the litigation process, and the process for the employee is easier. Having workers comp insurance is designed to help you pay fixed monetary awards to your employees. 

Here at Coastal Wealth Insurance LLC, we take pride in our outstanding customer service and excellent insurance solutions. We provide a variety of insurance solutions to the business owners and residents of Fort Lauderdale, FL, and surrounding areas. Contact us today to inquire about our insurance solutions and how we can help you protect your business.

It doesn’t matter if you buying auto insurance for the first time or if you are a regular buyer, ensuring the safety of your auto is critical and should be achieved without any mistakes. Our insurance agents at Coastal Wealth Insurance LLC in Fort Lauderdale, FL will guide you in identifying a suitable policy for you auto giving you the peace of mind that you need.

What is auto insurance?

An auto insurance policy protects you against financial liability resulting from loss or physical damage of your auto or bodily damage.

Mistakes to avoid when buying auto insurance?

• Not knowing the details of your insurance policy

It is essential that you understand all the details of your insurance policy. Be sure to discuss the contents of the policy with our agents at Coastal Wealth Insurance LLC and raise any concerns you might have. Insurance agents are paid to respond to your queries, so don’t worry even if you take so much of their time. This will critical in case you have an accident.

• Only putting the price into consideration

Always consider all aspects of auto insurance besides the price. While you might get several offers of cheap covers, carefully analyze the contents of the policy. The safety of your auto comes first. Look into other aspects of the policy such as discount options, additional offers and extras, and type of coverage.

• Keep updating your policy

Keep your data with the insurance company UpToDate. In case of any changes in your personal information such as changes in contacts or residence, lifestyle changes, these should be updated immediately.

kindly visit us at Fort Lauderdale, FL, and our  Coastal Wealth Insurance LLC insurance agents will help identify all the pitfalls you will need to avoid as they advise you on the auto insurance policy suitable for you.

When you own a home in Fort Lauderdale, FL, you have a lot to manage. It’s important that your home has the right insurance policy, but knowing what you need can be tricky. Coastal Wealth Insurance LLC can help you get the perfect policy, but it will be easier for you if you know a few tips first.

Premiums vs Deductibles

Understanding the tradeoff between these costs is the key to optimizing any insurance policy. Basically, your premium is the monthly payment you make out to the insurance company. The deductible is the amount you have to pay from your own pocket before the policy kicks in. Say, for example, that your roof is damaged in a storm. If you have a $500 deductible, then you have to pay the first $500 towards repairs. If the repairs cost more than that, your policy will help you pay the bill.

Deductibles and premiums can change, and they tend to be inversely related. If you have a higher deductible, your premium is likely to be lower (there are other factors to consider). The key to getting the right policy is to consider how much of an emergency cos you can reasonably afford out of your own pocket. Pick your deductible based on that number, and then try to get the lowest premium you can for the amount of coverage you want.

Consider Your Assets

Home insurance can cover replacing assets inside the home that are damaged or stolen (depending on the circumstances). Perhaps more importantly, home insurance covers liability if someone is hurt in your home. In both cases, you need to know the value of your assets to make sure the policy can properly reimburse you.

Ask for Discounts

Ultimately, the best way to get the perfect policy for the lowest price is to ask. Your Coastal Wealth Insurance LLC representative can look for every possible discount and help you customize insurance for your home in Fort Lauderdale, FL.

If you’re starting a business in Fort Lauderdale, FL, you may be wondering whether commercial insurance is required.

This depends on what you mean by “required.” Here’s what you need to know:

• Commercial insurance is almost never legally required. If your business is in transportation if you operate company vehicles, trucks, cars, etc. then, of course, you need to carry some form of liability insurance on your vehicles and your drivers, and the easiest way to do that is through commercial auto. But the business itself can be insured or not insured at your discretion.
• Your business may be required to carry insurance by other entities besides federal and state law. You may need to carry insurance in order to join a guild or business organization. Your business partner or investor may insist that you carry insurance. You may find that clients are unwilling to do business with someone who does not carry insurance. In this way, your hands may be tied and insurance does turn out to be a requisite, but it’s going to be a practical requisite rather than a legal one.

A business owner is, by definition, a risk-taker. You could take that money and put it into a savings account if you wanted to play it safe, but you chose to reach a little higher than that. You’re free to manage that risk however you like. Commercial insurance is almost always a good idea, but you won’t do jail time for not carrying it.

If you’re looking to get your Fort Lauderdale, FL business covered, get in touch with Coastal Wealth Insurance LLC and see what they can do for you. Coastal Wealth Insurance LLC is familiar with the local business scene and can get you the coverage you need.

You’ve just bought a new car or you’re about to buy one and you’re searching for the best insurance policy to purchase. At Coastal Wealth Insurance LLC in Fort Lauderdale, FL, we will advise you to consider comprehensive auto insurance coverage.

We understand that you’ll like to know exactly what this insurance covers. So, we have outlined them below. Generally, the insurance provides coverage for accidents or damages that were caused by events beyond your control

Theft

If your car gets stolen after making conscious efforts to secure it, you may receive funds to replace it. 

Explosions, riots, fire, and vandalism

An explosion may not be a common occurrence in America but comprehensive insurance has you covered. I addition comprehensive coverage includes riots and vandalism as they often go together. We don’t really need to say much about fire. You know how destructive wildfires can be. So, it is necessary to protect your vehicle against fire. 

Damage by falling objects

A falling tree limb or another object can land on your car or your windshield. If such an object damages your car, who will you blame? Who’ll be responsible? Absolutely nobody. That’s why we’ll like to be responsible for such accidents. If you purchase a comprehensive auto insurance policy through us, you’ll only need to file a claim and we’ll work with your insurance company to get you paid. 

Natural disasters

Earthquakes, floods, strong wind, or storms can damage vehicles and other properties. It could happen anytime. Besides, it is needless to remind you that Florida is prone to hurricanes, wildfires and other natural disasters. Which is why it is important to protect your automobile from natural disasters?

Accidents with animals 

This insurance policy also protects you against accidents with animals.

For more information about comprehensive auto insurance, you can reach out to Coastal Wealth Insurance LLC in Fort Lauderdale, FL anytime. 

If you have never sat down and had a discussion with your Fort Lauderdale, FL at Coastal Wealth Insurance LLC, you might not realize the wide variety of options you have. A lot of people just get the minimum coverage required by law, without realizing what they’re missing out on.

Minimum coverage in Florida includes basic liability, meaning that if you are found at fault in an accident your insurance will pay. If you don’t have insurance, the accident victim can ask you personally to pay. If you have minimum coverage, your insurance will only pay up to those minimum policy limits, after which you are responsible. You will also need uninsured and underinsured coverage.

If you have been in a crash in the last few years, you probably realize how expensive medical bills and repairs are. Minimum coverage won’t fully cover the full amount for many crashes. You might want to see if it’s worth it to you to get higher policy limits.

Full coverage insurance will also include comprehensive and collision coverage. Collision coverage will cover damages to your own vehicle if you are in a crash, not just the other drivers. Comprehension coverage protects you in other situations, such as vandalism, weather damage, or theft.

There are also optional coverages. Some people choose the option for glass protection, specifically to replace the windshield. You can also often choose roadside assistance and/or rental car coverage.

The best way to get a good price on full coverage insurance in Fort Lauderdale, FL is to compare all your different options. At Coastal Wealth Insurance LLC, we can help you build a policy tailored to your needs. If you want to see how we can help you do that, or if you have any other insurance questions, please feel free to call today.

Getting homeowner insurance in Fort Lauderdale, FL is similar to other states. However, there are factors to consider that are unique to Florida.

Hurricane Damage

Florida is prone to hurricanes. After a major hurricane, building resources can surge in cost due to the heavy demand for these materials. It is important to make sure your insurance company has the fiscal resources to cover extensive damage after a hurricane. 

Speed of Responding to Claims

Your insurance company should be able to rapidly respond to your needs after a major event. A good insurance provider will have the physical and fiscal resources to provide the help you need after a flood or hurricane. Coastal Wealth Insurance LLC is one such company that goes above and beyond for clients.

Quick Response to Questions

An unresponsive insurance company is unacceptable, especially after a disaster. It’s imperative your insurance provider is easy to get a hold of when you have important questions that need answers. If they are consistently unavailable, this may be a sign of a sub-par insurance company.

Flexible Options

Having an insurance company that offers flexible options for individual coverage can help those who have very specific insurance needs. This can be an important factor when choosing your insurance company.

Financially Stable Insurance Company

When choosing your homeowner’s insurance, finding out how financially stable they are can be a wise move. A quality insurance company will be able to handle big claims if they are financially stable. Check out their Demotech rating to get an idea of how stable they are and how quickly they can pay out claims.

Give us a call at Coastal Wealth Insurance LLC of Fort Lauderdale, FL to discuss your insurance needs. Our agents are here to help you understand the ins and outs of homeowner’s insurance. Your home is a big investment and it is a good idea to protect that investment with quality insurance. Stop in or give us a call today.