Your Just In Case Insurance

Wouldn’t it be nice if we could be prepared for the unexpected? Wouldn’t it be great to have a defense against the unknown and unforeseen? Well, that is the idea of umbrella insurance because we can’t predict the future but we can be prepared for it. No matter what that means.

Your Just In Case Insurance

The best thing about an umbrella insurance policy is that it really can protect us from what we don’t see coming. Somebody can always mock us for getting a safety net until that accident shakes our world. Until we get that notice that we are being sued for loss of wages from the other driver. Then, we aren’t the ones being mocked, and we become those people who were smart enough to use foresight and prepare for what we couldn’t see. B & G Insurance is here to offer that safety net, just in case, for our customers and friends in Miami, FL.

An Added Layer of Protection

Umbrella insurance is that extra layer of protection for your vehicle or home. Although it won’t cover your injuries or protect your property, umbrella insurance is designed to protect you from claims of liability made by other injured parties beyond your standard coverage plan and limits. At B & G Insurance, we know that accidents aren’t predictable and that the aftermath can be even harder to predict. That is why those in and around Miami, FL reach out to us because the unknown is unpredictable.

If you want to learn more about umbrella insurance or if it is something you should consider, contact us to talk to one of our professional and experienced agents today. Why umbrella insurance? Because you never know when it is going to rain.

Do I Need Flood Insurance If I Don’t Live In A Flood Zone?

If a flood damages your Miami, FL home, will your homeowners’ insurance cover the damage?

That depends on a variety of factors, including the amount of water damage, the value of your home, and whether you have a flood insurance policy in place.

If you don’t live in a determined flood zone, your mortgage company may not require you to have flood insurance coverage. But, that doesn’t mean you aren’t at risk for flood damage. According to the Property Casualty Insurers Association of America, one in four flood claims are not located in a flood area. So while you may not be required to carry flood insurance, it might be smart to do so – according to the flood insurance program, the average flood insurance claim tops out at about $39,000. If you have questions about whether you should carry flood insurance, talk to your B & G Insurance representative.

Flood Insurance Myths 

Your standard homeowners’ insurance does not cover flooding risks. In order to protect your home, you will need a policy the National Flood Insurance Program offers. Here are some of the most common flood insurance myths: 

  • You have to live in a flood plain to get a policy. This is not true. But, your mortgage company may require that you carry flood coverage if you do live in a flood plain. You can still buy flood insurance, even if your Miami, FL home is not in a flood zone.  
  • My Homeowners’ insurance covers flood risks. The typical homeowners’ insurance policy doesn’t cover floods or earthquakes. You will need a special policy for both. Also, flood insurance generally won’t cover your living expenses if you need to relocate while flood damage is being repaired.  
  • Just because you weren’t previously in a flood zone doesn’t mean you aren’t now. Flood zones typically change and evolve. Your home may not have been in a flood zone when you bought it, but it is now.

To find out more about how flood zone insurance can protect your home and property, contact the experts at B & G Insurance today. 

Do You Need Condo Insurance For A Vacation Rental?

If you own a condo and you are planning on renting it out to people who are on vacation, you may wonder if you need condo insurance or if the condo’s property insurance will be enough coverage. It is important to protect your investment adequately, and rentals are subject to damage and other issues when they are rented out.

Finding The Right Insurance Policy For Your Condo

If you own a condo but don’t live there full time, then you should have a solid condo insurance policy. Although condo buildings will usually have insurance, they don’t cover the damage to your property. If you have condo insurance, you are protecting your assets in the event of an accident or theft. Condo insurance is also a great idea if you are planning on living in your condo. You never know when something unexpected will occur, and you don’t want to pay out of pocket for repairs or replacing your appliances and other valuables. 

Finding A Good Insurance Company

Finding the right insurance company to provide coverage is almost as important as finding the right type of coverage. If you live in or around the Miami, FL area, you should consult with B & G Insurance so you can get the proper amount of condo insurance to protect you when renting to vacationers. We have experienced professionals who know all of the nuances of condo insurance and can help you find the right coverage for your situation.

Don’t leave your property unprotected. Find the right condo insurance from the knowledgeable insurance professionals at B & G Insurance serving the resident of Miami, FL. Call or stop by the office to find out more and to get answers to your questions. 

3 Ways to Keep Auto Insurance Costs Low with a New Teen Driver

You and your teen have waited for years for this milestone, and the day has arrived that they can obtain their official driver’s license. As exciting as this milestone may be, it can also bring about one big concern: a spike in your auto insurance because teen drivers can be risky to cover. Thankfully, there are a few things you can do to keep the costs of your auto insurance from B & G Insurance in Miami, FL as low as possible in spite of having a teen driver listed on your policy.

Take Advantage of Multi-Car Discounts

If you will be buying your new driver a vehicle of their own, make sure you look at multi-car discounts that may be available for doing so. Likewise, you may be able to bundle other forms of insurance to save money on your overall policy. For example, if you have renter’s insurance through a different carrier, it can be worth changing companies to reap a discount and help with savings. 

Look for Good Student Discounts 

Good students may be eligible for auto insurance discounts through some insurance companies if they have the good grades to prove they are a responsible student. When you work with a B & G insurance agent to obtain a quote for auto insurance in Miami, FL, they will be able to tell you if these discounts could be a possibility. 

Pay Your Policy Term In Advance 

It is always cheaper if you can pay for your full term of auto insurance in advance. Even though it is more money all at once, you can usually get a substantial amount of savings by paying for a full six-month policy in advance. 

For more information about auto insurance in Miami, FL, reach out to B & G Insurance for professional guidance. 

Managing Commercial Insurance Across International Businesses

At B & G Insurance, we have worked with many international businesses in Miami, FL, and the surrounding area. Each of these companies works with multiple satellite offices around the world and has unique commercial insurance needs. If this sounds like you, it is essential to understand how your commercial insurance demands change depending on your business reach.

International Law Can Complicate Your Insurance Needs

Operating in multiple countries, especially overseas, can complicate your insurance needs in multiple ways. First of all, many insurance laws in different countries vary wildly from American laws. For example, some may demand higher coverage than is typical in America.

If your business operates in these countries, you need to make sure that your policies meet their legal needs. Trying to navigate these waters with multiple policies can be a major pain. Thankfully, it can be avoided if you invest in international commercial insurance for your needs.

Thankfully, International Commercial Insurance Can Help

International commercial insurance works by providing coverage that meets the needs of every country in which you operate. For example, it will carefully balance the demands of each country’s laws in a way that makes sense and which ensures that you aren’t breaking any legal precedence.

Just as importantly, this type of insurance will cover issues that occur on your many operational sites. For example, if an employee in a European country gets injured, your liability coverage will pay for their treatment and ensure that you don’t suffer from a lawsuit.

So if you operate an international business or plan on expanding, you need to contact us at B & G Insurance to learn more about international commercial insurance. We have helped hundreds of Miami, FL area businesses get the coverage that they need to avoid serious problems.

When Home Insurance is Required to Have

Buying a home is an important step in life. When you are looking to purchase a home, it is essential to find the home that is going to be suitable for you for many years to come. However, you also need to make sure that you are diligent about your purchase. For those that are in the Miami, FL area, this means having a quality home insurance policy in place. While it is always recommended, there are several situations in which having home insurance is also a requirement.

Part of an Association

When you were looking to purchase a home that is located in a community with an association, you almost always are required to carry home insurance. These communities are most concerned with whether or not you have liability insurance in place. The association will likely require that you provide annual proof of insurance and not having it could be a violation.

A Mortgage is in Place

If you are like the vast majority of home buyers, you likely have a mortgage in place. Mortgage lenders are always concerned with whether or not a borrower has home insurance. Because of this, you likely will have to have your payment escrowed on an annual basis. This will ensure that you comply with the lender’s requirements while also making sure that your home is adequately covered by home insurance. 

When you are looking for insurance for your Miami, FL home, reaching out to B & G Insurance could be a great option. When you meet with the team at B & G Insurance, we will discuss some of the options available for you to choose from with a home insurance policy. This will help to ensure that you are appropriately educated on the topics and are able to select the right coverage for your home. Reach out to our offices for more information.