Benefits of purchasing umbrella insurance policy.

Umbrella insurance is an additional form of policy that protects you beyond your base homeowner’s liability coverage. No matter how we try to shield ourselves from imminent accidents, the fact is that it’s not possible because accidents do happen. When accidents happen in homes or personal property, homeowners insurance can cater to the costs of these damages. But what happens when expenses associated with an accident surpassing the maximum coverage afforded through your policy? Worry not anymore because umbrella insurance kicks in when your cost damages exceed your auto or homeowner insurance policies’ coverage. Visit us at B & G Insurance offices in Miami, FL and obtain spectacular umbrella insurance that will provide inner peace of mind from guaranteed protection when additional expenses exceed your underlying policies.

As a Miami, FL resident, it’s vital to understand the significance of buying a spectacular umbrella insurance policy to protect your financial future and safeguard your hard-earned assets from garnishment. Connect with us at B & G Insurance situated in Miami, FL and speak to our enthusiastic agents. They will help you get a prolific umbrella insurance quote that will meet your needs and budgetary allocation.

Benefits of purchasing an umbrella insurance policy.

  • It provides a broader spectrum of coverage against perils such as threats, dangers, and unforeseen eventualities, which are not covered by any single standard insurance policy.
  • It safeguards you against some events such as false arrest, libel, slander, and malicious prosecution, which your primary policies can not cover.
  • Provides homeowners extra liability protection and legal defense fees once the limits of their home and auto insurance policies get depleted.
  • This form of coverage protects you everywhere in the world.
  • It’s affordable: Umbrella insurance comes into play when your other policies get exhausted, which makes the cost of acquiring umbrella insurance significantly inexpensive.
  • Instill peace of mind: Big business ventures can get sued for millions, and ordinary American citizens are vulnerable to colossal lawsuits. This form of policy affords peace of mind knowing that your dwelling and assets are guaranteed protection against lawsuits.

Call us or visit our B & G Insurance offices in Miami, FL for more information and later obtain a splendid umbrella insurance policy.

How does flood insurance work in Florida?

Flood insurance is a necessity if you live in or around Miami, FL. You especially need a good policy if you own property in a hurricane or tornado zone. Many Floridians purchase flood insurance without understanding the benefits of their policy. How does flood insurance work? Also, when can you file a claim for coverage? The agents at B & G Insurance can help you understand your policy?

What does flood insurance cover?

Flood insurance pays for damage to the structure of your property caused by natural disasters that lead to flooding. A hurricane that destroys your guest house is an instance where flood insurance would be helpful. A good policy may also pay for the loss of personal items. 

Flood insurance does not cover damage to the structure or personal items due to a leaking pipe that destroys part of your home. A standard home insurance policy may suffice for such an incident. 

How does flood insurance work?

Flood insurance works like any other indemnity policy in Miami FL. You document evidence of damages first and file a claim with your provider second after an incident. 

Some policyholders rely on photographs to tell the story of their loss. Using pictures and video footage, however, may be more beneficial to your claim in Miami FL. 

How much does flood insurance cover?

Flood insurance pays up to your policy’s limits. You are responsible for the remaining balance, if any, after your plan has been exhausted. 

Some policyholders purchase the cheapest flood insurance plan without having savings in the bank. They face financial hardship when a disaster destroys their home because of low policy limits. 

It is best to speak with a professional before deciding how much flood insurance you should buy. B & G Insurance can work with your budget and lifestyle preferences so you have the plan that best suits your family. Call B & G today to learn more about flood insurance.

When should you update your life insurance

You may have had life insurance since you were a child. Many parents purchase policies for their children to provide protection and promote savings. Once you have gotten your first full-time job, you might have life insurance provided as one of your benefits. Often, this is something people don’t think about much. Financially, it is a good idea to keep your eye on your life insurance since it is most affordable while you are young and healthy. At B & G Insurance in Miami, FL, we understand the importance of life insurance for your entire life and we are here to help answer any questions you have. 

When your financial situation changes

As you start to accumulate wealth you should take a good look at the amount of life insurance you have. If you have no dependents, you don’t need vast amounts of life insurance but you are in a position to think ahead. Life insurance is affordable when you are young. Getting a rate that stays with you forever or for 30 years isn’t a bad idea. 

You add dependents

Being financially responsible for someone else is a major change in your circumstances. Whether it is a spouse, children, or another family member/members, you need to face the reality that if you are not there to provide support, how are they going to survive? Life insurance is the safety net that allows your dependents to maintain the lifestyle they have become accustomed to. 

When you retire

By the time you retire, the people who depend on you has probably been reduced. You may not need as much life insurance as you did through the years you were providing them. 

Contact B & G Insurance in Miami, FL for all your insurance needs. We have an experienced team to give you the level of service you deserve. 

Driving in the Rain: 3 Things to Know

Driving in the rain, whether it is lightly misting or flooding, is anxiety-provoking. As a result, it is important to focus on ways to make driving in the rain less of a white knuckler, and here a few tips to put you on a safe path.

Watch Out for Hydroplaning

The more it rains, the more water that begins to pool on the road. Unfortunately, knowing how deep a puddle is before driving through it is next to impossible. Hydroplaning occurs when your tires no longer have traction with the road because of the excess water below them. When hydroplaning happens, your vehicle will lose control and begin to slide. It takes very little rain for hydroplaning to occur and vehicles with tires that are more worn are more likely to skid. If you start to hydroplane, immediately take your foot off the gas and keep the steering wheel straight. Although counterintuitive, if you begin to spin turn the wheel in the direction of the spin but whatever you do – avoid making quick knee-jerk reactions with the steering wheel. 

Check Your Headlights

While it may sound obvious, you’d be surprised at the number of people that forget to turn on their lights during the rain. Not only is it required to have your headlights on in the vast majority of states when visibility is low, but also it forces you to pay more attention to your surroundings. 

Slow Your Roll

Remember that speed limit signs are set for optimal conditions and rain makes for subpar experiences. Consequently, slow down and consider using your four-way flashers to alert other drivers coming from behind that you are driving slow to avoid potential rear-end collisions.

For all your auto insurance needs, give B & G Insurance in Miami, FL a call for unparalleled service and a commitment to excellence.  

First Time Buying Auto Insurance? Here are 3 Tips to Help Save Money

Before you register your new car, you’ll need to purchase auto insurance in Miami, FL. The first time buying auto insurance can seem daunting, but the process is simple and straightforward. You may think it’s expensive, but agents work with you to find a policy for a price you can afford. Just consider these three know-how tips to save money on auto insurance brought to you by B & G Insurance that will ease your mind about the cost.

1. Bundle All Your Policies

To make your new auto insurance policy more affordable, bundle it with your other policies. Perhaps you have a home, renter’s, recreational, or other types of insurance. Take these and bundle them under one carrier for savings on your premiums. Be sure to ask your agent about other ways to save money on auto insurance.

2. Shop Around

You don’t want to overpay for insurance. For this reason, it’s wise to compare several quotes before choosing a policy. You don’t want to rush into the first policy of your review because there may be another policy out there with equal or better coverage for a lower price. We recommend comparing three to five quotes at the minimum to find the right policy.

3. Use a Reputable Agent

To make the most out of the tasks outlined above, use a reputable agent from B & G Insurance who is available by phone to answer all your questions and concerns, help you compare quotes, and help you bundle your policies under one carrier. 

To learn more about purchasing auto insurance in Miami, FL, contact us today. 

Three mistakes to avoid when you buy commercial insurance in Florida

As a business owner in Miami, FL, you need to make sure that you purchase adequate insurance coverage for your company. At B & G Insurance, we can assist you in exploring commercial insurance options to protect your company financially.

The following are three mistakes to avoid when you buy commercial insurance in Florida.

Failing to perform a risk assessment before purchasing a policy

A risk assessment is one of the most important things you need to do to understand your commercial insurance needs. A risk assessment will help you to identify potential liabilities. You can use this information to pinpoint which types of coverage you need. 

Buying the policy with the least expensive premiums

When it comes to any type of insurance policy, you get what you pay for. You need to evaluate your options carefully based on many factors. You definitely don’t want to be making any decisions based on price alone. 

In addition to considering the price of various policies, you also should consider what coverage policies include and what additional types of services and features the policy in question offers. 

Not reevaluating your commercial insurance needs periodically

A company’s commercial insurance needs will change over time. As your company grows, you’ll probably need more coverage. You’ll also potentially need more coverage if your company branches out into new products or services.

It’s a good idea to reevaluate your commercial insurance needs on an annual basis and make alterations to your policy as necessary. 

Do you need more information on your commercial insurance options in Miami, FL? We’re here to help at B & G Insurance. Get in touch with us to learn more about our commercial insurance policy options. 

What does my home policy cover?

Your Miami, FL home deserves the best protection it can have which means adequate home insurance. Most policies start with four basic coverages included. From there, the homeowner works with B & G Insurance to customize the policy, adding things like wind coverage or adding to the basic coverages.

The standard home policy covers property damages, liability, other structures, and additional living expenses. You can add coverage to every type of coverage except the living expenses.

The property damage portion of the policy covers damage to the house itself and its contents. This includes the personal property of those visiting your home when a named peril occurs. A named-peril means an event specifically named in the policy document such as fire, tornado, snowstorm, lightning strike, etc. The amount of this varies depending on your home. The value of your current home is covered by this portion of the policy.

The liability portion pays for the medical costs of individuals accidentally injured on your property as well as the court costs, attorney fees, and settlement from a lawsuit brought by an individual who was injured or their family. In cases of accidental death, it would pay funeral costs. It also covers the settlement costs if you libel someone. The standard policy level depends on your insurer, but you can add to it. Half a million to a million dollars of coverage is not excessive.

The other structures coverage typically equals about 10 percent of the value of the home. You can add to this though if needed. The structures covered include any standing structures on the property detached from the home. That means your garage, shed, workshop, driveway, fences, walkways, retaining wall, swimming pool, decks, patios, lanai, etc. If it attaches to the home, property damage covers it; if it is detached from the home, other structures cover it.

B & G Insurance can help you obtain the home insurance you need for your Miami, FL home. Call us or email us today to learn more about how you can customize your standard home insurance to your needs.

Trucking Insurance Myths To Avoid While Researching Policies

B & G Insurance assists the Miami, FL community by offering several types of insurance policies. We strive to ensure that our clients find the coverage that fits their needs and lifestyle.

Trucking Insurance

The trucking industry is often overlooked; however, truck drivers play an important role and have a demanding job. Trucking insurance allows drivers to stay safe while they are on the road. The policy covers any physical damage to the truck. You can also add cargo protection so that any damage that occurs to the freight will be covered. There is a lot of misinformation regarding trucking insurance floating around, so here are some common trucking insurance myths to avoid.

You Don’t Need Your Own Insurance

It’s important that you have your own personal coverage so that you’ll have an extra layer of protection. In the event that you are involved in an accident in which you may be held liable, depending on the language in the trucking insurance policy, you may not be covered. That’s why it’s important that you have your own personal coverage so that you will be protected in any situation.

You Should Research Your Own Cargo Coverage

This is not true, as you should be able to add cargo coverage to your existing policy. There’s no need for separate policies. If you are involved in a situation where the truck and cargo were damaged, you’ll spend a lot of time having to fill out paperwork. Adding cargo coverage to your existing policy is more efficient.

B & G Insurance Will Guide You Through The Process

For more information on trucking insurance policies, please stop by our office in Miami, FL.

Three things you might not be aware of regarding renters insurance

If you rent an apartment or home in Miami, FL, it’s a good idea to invest in renters insurance. At B & G Insurance, we offer renters insurance policies that can protect your assets. 

The following are three things you might not be aware of when it comes to renters insurance.

You can enjoy coverage for expenses resulting from forced relocation.

When you rent, you may be forced to relocate for various reasons. This may happen because of issues like fire or theft at your rented residence.

If you’re forced to relocate from a rental property, you can be compensated for the resulting expenses if you have a renters insurance policy. If you take out a renters insurance policy, you should look into how much coverage is offered for relocation expenses.

You should evaluate your possessions when purchasing renters’ insurance.

A renters insurance policy should offer you enough coverage for the full value of the possessions you keep in your rented property. That’s why it’s important to have your possessions evaluated before you take out a renter’s insurance policy. 

An evaluation will let you know exactly how much coverage you need to protect your assets while you rent a property. 

There are numerous ways to bring down the cost of renters insurance premiums. 

If you are concerned that renters insurance premiums will be unaffordable for you, you should know that there are quite a few options for bringing costs down.

You can reduce the costs of renters’ insurance by purchasing a policy with a higher deductible. You can also bring down costs by improving your credit or bundling your renter’s insurance with other insurance policies you have like auto insurance, for example. 

Explore your renter’s insurance options with our assistance at B & G Insurance. We offer renters insurance policies in the Miami, FL area. 

Is RV Insurance always needed in Miami?

If you are in Miami, FL, having a convenient way to get around Florida and the rest of the country is a great idea. If you have the dream of traveling the country, buying an RV could be a great option as you will have a vehicle and a place to sleep at night. If you are going to get an RV in this area, you should consider your insurance needs. There are several reasons why RV insurance will be needed in this area. 

Liability Insurance Requirements

Similar to when you are going to operate any other type of vehicle in this area, you will need to have an RV insurance policy as it will give you valuable liability insurance that is required by state law. Those that have any type of vehicle in Florida and do not have liability insurance while driving on a public road could face penalization. 

Required by Lender

Another reason why someone may need to get an RV insurance policy in this area is that their lender will require it. Anyone that takes out a loan to purchase an RV will have insurance requirements. Most of the time, you will need to provide evidence of insurance when the loan is closed. If you do not have this insurance coverage in place, you could be found in default of your RV loan.

There are a lot of situations when having RV insurance in the Miami, FL area will be a requirement. As you are shopping for a new RV insurance policy in the area, you should reach out to the team at B & G Insurance. The insurance team at B & G Insurance can help you to build and choose an RV insurance policy that will provide you with the right coverage.