The Importance of Changing Your Home Insurance Policy After Home Renovations

Here at First Florida Underwriters Inc, one of the questions that we are often asked is whether your home insurance policy should be changed after home renovations are made. Here is how we answer this question. 

Following home renovations, we strongly encourage those insured by us to consider changing their policy. First, you should have an appraisal done on your home to determine the estimate value of your home. Following renovations, you may have significantly increased the value of your home. If your policy is not updated, it may not reflect these changes and you could be paid out less than your home is worth. Home insurance does not pay what your home is worth if your home is worth more than the limits on your policy. 

Secondly, we strongly suggest letting your insurer know what renovations you have made. If you have replaced old carpet with new carpet, there may not be a huge discrepancy with the insurance company as long as you retain the receipt. But if you ripped out old carpet and laid down slate tiles, you have changed the materials used in the home, which may cause affect any money you receive if something were to happen to your home. As such, you want to ensure that the insurance company knows what materials are used in your home so you can be properly compensated if the flooring is damaged, the countertops are damaged or if your home winds up being a total loss. 

If you have made renovations to your home, now may be a great time to look into changing your home insurance policy. If you are looking to obtain a new policy, contact First Florida Underwriters Inc today for a free quote for home insurance. 

Why Commercial Insurance is Vital to your Small Business?

For many businesses who are just getting started or in the first years of operations, it is easy to skip purchasing a comprehensive insurance package and put resources into growing the business. However, business owners often learn this is a costly mistake once they are hit with a loss that they are not able to recover from financially.

If a business does not have have a liability policy, it is left exposed to lawsuits if a customer is injured on premises. The legal costs alone to defend your business in a lawsuit can be enough to destroy a business let alone any damages the business many need to pay. A liability policy offers peace of mind that you will not be caught covering the cost of a legal battle.

A business interruption policy can help pay the bills and compensate the business for lost income in the event of a fire, flood or other disasters. No company can predict the future, but you can protect against losses from delays in operations. If you are a business in the Orange Park, FL area make sure to ask your agent at First Florida Underwriters Inc about BI coverage in the event of a hurricane.

When a small business can actively show potential clients that they have a comprehensive insurance package in place, you will be able to compete with the larger competition. There clients out there who will not do business with an entity that cannot show proof of insurance.

In addition to attracting clients, a comprehensive insurance package will help you recruit top talent. Top job seekers are going to look for employers who offer insurance packages that include disability and health insurance options.

If you would like to learn more about commercial insurance, please reach out to First Florida Underwriters Inc. We proudly serve the Orange Park, FL area.

 

Who Benefits From My Life Insurance Policy?

In your younger days, the only person you needed to worry about was yourself. You bought auto insurance for your car in case of an accident. You got renter’s insurance for your tiny one bedroom apartment in case a thief broke in and stole the TV. When you decided to start putting down some roots and buy a new house in Orange Park, FL, you purchased a home insurance policy from First Florida Underwriters Inc. Now that you are a bit older with a growing family, it is time to start thinking of someone else for a change. Should anything happen to you, a life insurance policy will take care of the people we cherish most in this world.

Who Benefits From My Life Insurance Policy?

According to Florida state law, you can name any person as a beneficiary as long as it is a contract on your own life. If you wanted to procure a life insurance contract on another individual, the law states that the person must be an insurable interest. This used to be the case for your own life as well, but the law was changed in 2008. That means that now you can choose anyone to receive benefits from your life insurance whether it be an insurable interest (i.e. one individual, a group of people, a trust you have established, your favorite charity, not-for-profit organization, your estate, etc.) or not. The important thing is to provide financial security for those you care about. With a life insurance policy, you can rest easy knowing that your loved ones’ best interests will be looked after in your absence.

If you would like more details on the various life insurance options in Orange Park, FL, be sure to reach out to First Florida Underwriters Inc for a consultation.

Home Insurance Necessary for Suburban Floridians

Life in an active suburban community requires good home insurance. Accidents can, and will, happen if you allow your home to be used for neighborhood activities. And, when something bad occurs, it usually does when you least expect it.

Without adequate home insurance, you will need a lot of money saved up to take care of the bills. Some households have gone into bankruptcy after being sued by someone hurt on the property, Do not let this happen to you.

Fortunately, you can better avoid such problems by speaking with the professionals at First Florida Underwriters Inc. The staff understands how it is to live in a large suburb.

To help you know what to discuss when you contact an insurance agent, the following are some of the types of accidents that befall homeowners in Orange Park, FL and beyond.

1. Visiting Kids Can Slip and Fall

Like most families, yours probably plays host from time-to-time. The neighborhood kids stop by to swim in the pool or play soccer in the backyard. All goes well in most instances. But, a kid can very easily slip and fall, hurt their head. Their parents will probably want to sue you for the exorbitant medical bills.

2. Guests Can Lose Expensive Items

You may also be held responsible for guests who cannot keep track of their expensive items.

Someone may have fine jewelry, take it off and then upon leaving, realize it is missing. They will want you to pay for a replacement, probably claiming you failed to make your home a secure environment.

3. Pets Can Attack Visitors

Of course, your dog, cat, or other pet is nice enough when you are around. But, how about when alone? You never know, right?

Animals have been known to take a bite out of postal carriers, delivery drivers, and maintenance personnel. When these attacks happen, the owner usually has to foot the bill.

Get Fully Insured Today

Litigation can be expensive. You probably cannot afford a lawsuit alone.

Purchase a comprehensive home insurance policy, and perhaps even some umbrella coverage, because this security is a virtual necessity in Orange Park, FL.

Be sure to ask the experienced staff at First Florida Underwriters Inc about the appropriate policy for your situation.

 

How to Determine the Right Coverage Level For Your Commercial Insurance Policy

When you are buying commercial insurance, it is important that you have the correct coverage amounts. Should your coverage amounts be set too high, you may be paying much more for insurance than you need to. But if they are set too low, you may not be fully covered if something unexpectedly happens. But how can you determine what the right coverage amount is for your policy? Read on to find out more.

Determine Fair Market Value of the Items Covered

One of the biggest mistakes people make when it comes to any insurance policy is valuing their items higher than they are. An insurance company will only pay you fair market value for your belongings. Not how much you paid for the item or how much you think it is worth. It is how much it will cost to buy the same exact item in the same condition yours is in in today’s market. Valuing your items at fair market value is the first step in determining how much commercial insurance you should have.

Talk to a Professional

Once you have determined fair market value, talk to a professional insurance agent or broker. They are trained to determine the right coverage levels for you, whereas you are not. They have experience in coming up with the right amount, which makes it more likely that they can come up with the right level.

Trying to determine the right coverage level for your commercial insurance policy is hard to do by yourself. A trained and licensed insurance agent is the best person to help you make this decision. Here at First Florida Underwriters Inc, serving the greater Orange Park, FL area, our staff can help you find the best policy and coverage levels for your business. Call us today to get started.

Getting the Best Auto Insurance in Orange Park Regardless of Your Driving History

Throughout the US today, most states require auto insurance before an individual is legally allowed to operate a motor vehicle, especially with other drivers on the roads. In Orange Park, Florida, the law is also enforced to ensure all drivers are protected in the case of an accident or potential bodily injury. Obtaining both bodily injury and property damage insurance is necessary for the state of Florida to keep both drivers and passersby safe while operating vehicles. 

Before purchasing insurance in the state of Florida, it is important to verify the type of insurance you are obtaining and the amount of coverage you want to include within the plan of your choice. Our agents at First Florida Underwriters Inc ensure our customers that they have proper insurance before getting on the road to avoid traffic tickets or potential monetary lawsuits that stem from accidents and injuries while operating a motorized vehicle. Working together with an agent who specializes in auto insurance can get you the right coverage based on your financial situation as well as the amount of coverage you are seeking to protect yourself and the vehicle of your choice whenever you are driving. Whether you are in need of full and comprehensive coverage or uninsured motorist coverage, we are here to assist with the process from start to finish. 

To work with an insurance agent who specializes in auto insurance throughout Orange Park, FL, contact First Florida Underwriters Inc today for more information and to get the coverage you need right away to protect you and your family every time you drive.

Renovation Planned? Get a Homeowner’s Policy Update First

For some Orange Park, FL families the possibility of adding a new room, flooring over an open ceiling, or adding an extension all mean more enjoyment of their existing home. However, in addition to the need for construction and expert work, these projects also will require an update to the related homeowner’s insurance policy on the property. Further, it’s a good idea to consider the need for liability coverage for any workers on the project as well, even if the contractor says they have worker’s compensation in place as their own business.

Contractor coverage can be a big problem. While companies will state and even promise they have their worker’s covered, when a serious injury occurs it’s a frequent situation that whatever was in place was insufficient. Then the attorneys go after the next attorney involved, the homeowner. By having a homeowner’s insurance policy updated for the work being performed and liability coverage, these sorts of “surprise” can be easily fended off and shut down before becoming a financial nightmare.

At a minimum a home change also changes the risk involved that was originally covered by the existing policy. If the current policy is not updated with the renovation occurring, claims could be delayed or outright denied if its determine they are in a part of the home that is new and not part of the original policy scope. Again, it’s a surprise that can be avoided by taking basic, easy steps before the renovation starts. In the best situations, updating a policy for what’s needed before any work even begins is the best approach and most advised by agents at First Florida Underwriters Inc.

So if you’re wondering how to go about a renovation in Orange Park, FL and have questions about coverage, the folks at First Florida Underwriters Inc can help answer them. Give them a call or email.

 

Auto Insurance Is Up to You: How to Make Better Decisions

You do need to buy auto insurance in Florida in order to be legal on the road, but the type of auto insurance you buy is up to you. First Florida Underwriters Inc doesn’t want anyone to be caught unawares when they’re in an accident or something unexpected happens to their car. Find out more about how state limits, liability and other events will ultimately impact you and your finances. 

Putting It All in Perspective 

The last thing a person needs when they’re choosing auto insurance is a lot of jargon. The problem is that the rules of auto insurance can be overwhelming even for the people who work in the industry. When so much can happen on a day-to-day basis, there’s often too much information to cover in one short phone call or meeting. Liability insurance may be cheap when it comes to your monthly payments, but it won’t help you buy another car or get you to work if your transportation is in the shop. The state limits in Florida mean that you’re responsible for any costs outside of those limits. What you need to know is the bottom line — you need to protect yourself against out-of-pocket costs you likely won’t be able to pay.  

Keeping Orange Park FL Safe 

Our company is here for you if you’re looking for a better policy. First Florida Underwriters Inc helps people like you make decisions with a clear head, and we’re happy to be of service to our neighbors. If you live in Orange Park, FL and are thinking it might be time to take a few more precautions, then call us today for more information about how to revamp your policy and ensure you stay protected. 

3 Reasons Why Home Insurance Is So Important

Being a homeowner in Orange Park, FL means being responsible. Home insurance is required if you have a mortgage. Even if you have paid off your mortgage, it’s still important to hold a policy because of all of the benefits it offers. Understanding why you should have an insurance policy in place will make it easier to spend the money on an annual basis.

It Provides Financial Protection

A significant amount of financial protection can be in place when you have a home insurance policy. At First Florida Underwriters Inc, we work with homeowners in order to customize a policy for individual needs. This includes determining the amount of financial protection, liability, and more.

It Allows for Faster Repairs

If something were to happen, whether it’s a break-in, fire, or something else, you want to be able to file a claim with the insurance company. They will take care of the majority of expenses and you will only have to pay the deductible. Since you won’t have to spend the full amount for the repairs, you are able to schedule the repairs to be done faster.

It Prevents You From Being Homeless

Unfortunately, there have been plenty of instances where people have lost their homes because of fire, hurricanes, and more. They didn’t have home insurance in place because their home was completely paid for. Because of not being able to file an insurance claim, they were unable to recover from the situation and they found themselves homeless. You don’t want this to happen to you, which is why having a policy is so vital.

When you’re ready to shop for a home insurance policy in Orange Park, FL, contact First Florida Underwriters Inc today. One of our agents will help you with quotes and answering questions you might have.

Should You Get a New Home Insurance Policy? Tips to Consider in Orange Park

Home insurance policies are like technology in that they may need updating fairly often. If you’re thinking about renewing your home insurance policy in Orange Park, FL for another year, here’s why you should think about changing your current coverage levels about your property.

Improving Your Lifestyle 

When people first move into a home, they’ve often put their savings into the down payment and the costs of moving all of their furniture. Because of this, they may not realize just how important it is to protect what’s inside the house. After all, if all the savings when into the down payment, then what’s inside the house probably isn’t going to be of the utmost quality. But as time goes on, the house starts to improve little by little. And it can happen without people even realizing it.  Maybe a new computer is purchased, or a new diamond necklace is given as a gift. These purchases add up over time and need to be reflected in the home insurance policy you have. Or perhaps you’ve added onto the house with better bathroom fixtures, new tiles or a fancy backsplash in the kitchen. Whatever it is you’ve done to improve your lifestyle in Orange Park, FL, you’ll want to protect it with your home insurance policy.

Finding Help 

First Florida Underwriters Inc can help you determine which home insurance policy is right for you. Our agents have the experience and the practice to give you advice that will help you see that preparing for the future will be the best thing you can do for your house. Don’t lose out on the things that you’ve worked so hard to get when you call First Florida Underwriters Inc today.