Do I need umbrella insurance coverage?

An umbrella insurance policy is an important consideration for everyone. However, it becomes particularly important if you hold a lot of personal property or other assets. An umbrella policy can step in and provide additional liability coverage when you exhaust the policy boundaries of your existing insurance, protecting your holdings. B & G Insurance serves Miami, FL and is ready to discuss your umbrella insurance needs.

Do you carry a lot of insurance policies? 

If you already have a number of insurance policies on your personal property, such as boat insurance, RV insurance, auto insurance, and home insurance, you are a likely candidate for an umbrella policy. This is even more true when you have multiple pieces of property insured on each policy. Each item is an asset, and each policy indicates a certain level of exposure to liability. If an accident occurred at a home, in a car, or while recreating, your umbrella policy can step in.

Do you work in a high-risk profession?

Certain umbrella policies can also provide protection from libel and slander suits and other professional liability hazards. When you work in a high-risk industry, always speak to your insurance agent about an umbrella policy and if it covers work-related hazards.

Do you have substantial savings or investments? 

If the answer is yes, you need an umbrella policy to protect your holdings in the event of a lawsuit. Even if you opt for high coverage on existing auto or home policies, an accident involving multiple people can quickly max out your coverage. The umbrella policy steps in at this point to provide additional coverage if you are sued for damages or face additional medical bills and fees.

To discuss your particular situation with an insurance agent, contact B & G Insurance serving Miami, FL. We are prepared to answer all of your coverage questions and provide quotes. Call today or visit our website to find out more.

5 Must-Know Facts about Flood Insurance

Flood insurance isn’t just for homeowners who live in flood zones. Any homeowner can be susceptible to flood damage, especially if you live in the Miami area. Flood insurance from B & G Insurance can eliminate the fear of losing your Florida home or valuable possessions in an unforeseen flood disaster.

The following facts about flood coverage can help you determine if flood insurance is a good investment for you.

  • Floods can occur anywhere, not just in a flood zone. In fact, it’s estimated that approximately a quarter of flood insurance claims that are made come from homeowners who don’t live in flood zone areas. Tropical storms and hurricanes are major causes of flooding, both of which are common to the Miami area. This makes almost any Miami homeowner vulnerable to flooding. 
  • Standard home insurance policies do not cover flood damage. Without flood insurance coverage, you risk paying for flood damage out-of-pocket. A major flood could cause you substantial financial loss due to water damage to your home and total loss of furniture, appliances, electronics and other valuable belongings.  
  • Flood insurance is affordable, especially if you live in a moderate risk or low-risk area. You can buy flood coverage for just your home, just your possessions, or both. Renters also can partake in the contents’ protection that flood insurance has to offer.
  • As there’s generally a 30 day “waiting period” before flood insurance is activated, it’s important to purchase your policy with plenty of time in anticipation of the rainy season in the Miami area. Having your policy in place well in advance will ensure you’re covered in the event of a flood.  
  • Flood insurance is readily available through the National Flood Insurance Program or your B & G Insurance agent in Miami, FL.  

Call or visit us in Miami, FL today for the flood insurance protection you need.

When’s the Best Time to Get Life Insurance?

When you’re young and single, life insurance probably isn’t much of a priority in your financial portfolio. Strange as it may seem, however, the best time to purchase a life policy is when you’re young and healthy and can afford it. A life policy from B & G Insurance in Miami, FL can be a tremendous asset to a young professional, providing you with a financial safety net for what’s to come. Here’s why it’s best to buy life insurance when you’re young.

Reduced Costs

Life insurance is cheaper when you’re young, enabling you to save thousands of dollars in your premium over the long haul. By buying a policy when you’re young, you can lock in a good price for when you get older and have a family.

Your health can also affect life insurance costs. As you grow older, you’re more prone to develop chronic health problems that will drive the cost of life insurance much higher. By getting life insurance when you’re young and healthy, you can capitalize on your coverage for years to come.

Financial Cushion for Loved Ones

If you’re supporting aging parents or are living with a significant other, your loved ones could suffer financially if you were to suddenly pass on. Life insurance can give you peace of mind that your loved ones will be taken care of after you’re gone.

Clear Debts

If your loved ones have co-signed loans with you, they could be held liable for repaying these debts upon your demise. Benefits from your policy can be used to pay off co-signed debts so your loved ones can move on with a clean slate. Benefits can also be designated to pay your funeral costs, alleviating the remaining family of this financial burden.

To learn more about life insurance options and costs, contact B & G Insurance in Miami, FL.

What Is Renter’s Insurance and How Does It Work?

Renters insurance is usually not required by law, but your landlord may request that you carry it. Even if he or she does not require it, you should still consider it. For those in the Miami, FL area, B & G Insurance wants to help you understand renters’ insurance so that you can make the best decision for your life.

It is essential to understand the difference in your landlord’s property insurance and renters’ insurance. Your landlord should carry insurance on the property you are renting itself. This usually covers damages to the property that is not your fault, such as fire due to faulty wiring or storm damage. That insurance should cover that damage and may include the costs of your stay elsewhere in case the property is uninhabitable for a time. Also, if someone is injured due to an issue with the home that is the landlord’s responsibility, the landlord will likely be deemed liable. However, their coverage will probably stop there.

In the case of a fire or storm, the landlord’s insurance will often not cover your lost possessions. If the fire is started due to something you have done or not done, the landlord will not be liable. Also, if a visitor is injured in your home and it is deemed your fault, you will be responsible. 

These are some of the main times that renters insurance would come in handy. It protects you and your possessions regardless of the landlord’s insurance coverage. It can also help provide you with other accommodations if your landlord’s insurance does not.

If you are interested in renters insurance and you are in the Miami, FL area, stop by or give B & G Insurance a call!


Home Insurance: Getting Your Home Ready For Winter

You need to make sure that you do everything that you can to prepare your home for winter in Miami, FL. This includes not only prepping your home physically but also protecting it with home insurance. Insurance agents at B & G Insurance are here to assist you every step of the way.

Winterize Your Home

When you’re in Florida, there’s no need to worry about pipes freezing or ice building on your roof. However, you should still prep for some colder weather. Be sure that your AC has been inspected recently so that it can be switched over to heat without cause for concern. Further, it can be beneficial to have tarps or large blankets around to cover landscaping when there’s a frost warning in place.

Protect Your Home

You should also have a look at your home insurance policy. Is it as sufficient as you need it to be? Particularly when you’re planning on having a holiday party, you want to look to see if you have enough liability coverage. This way, if someone gets injured at your home over the holidays, you have the coverage when you file a claim.

There are all sorts of ways for you to protect your home with a reliable home insurance policy. This includes looking at what is covered in your home in case you have made recent home additions. The good news is that there’s no reason for you to go through the process alone. You can get the help of a professional agent to answer questions and ensure you have sufficient protection.

Learn more about ways to keep your home protected by calling us at B & G Insurance. One of our agents can help you build a custom home insurance policy for you in Miami, FL.

Is it Time to Upgrade Your Auto Coverage?

Humans are creatures of habit, and once they do their research and make their initial decision about insurance coverage, they usually tend to just stick with what they know. Rolling over your policy year after year without review can lead to unwanted surprises down the road when your policy doesn’t keep pace with your current needs. Upgrading an auto policy may be necessary for you and your family if any significant changes have occurred in recent months or years. Residents in the greater Miami, FL area can rely on B & G Insurance to help them review their auto insurance options and determine which is right for their needs.

Is it Time to Upgrade Your Auto Policy?

If you have added new drivers or vehicles onto your policy, or it’s just been a while since you’ve taken a look at your auto insurance policy, it’s probably time for an upgrade. Increased coverage limits can help make the recovery from an accident less stressful. There are also many optional features that can help your life go more smoothly, such as rental car coverage and roadside assistance. We also recommend enhanced medical coverage as well as additional protection from under and uninsured drivers. If you want the peace of mind that comes with knowing you have a comprehensive auto insurance policy, it’s time to consider an upgrade. Florida auto insurance guidelines are the minimum requirement, and there are a lot of benefits that come with an upgraded, comprehensive policy.

Auto insurance isn’t one-size-fits-all and it may be time for you to upgrade your current policy. If you’ve had the same insurance for a while, contact B & G Insurance today to find out the auto insurance options available in the greater Miami, FL area.

3 Tips for Buying Commercial Insurance in Florida

Do you own a business in Miami, FL or around the state?

If so, you need commercial insurance. Why? To protect your business, inventory, reputation, employees, vehicles, and more. Whether you’re looking for a new policy or upgrading an existing one, the team at B & G Insurance has put together three quick tips for finding the right commercial policy at the right price.

1. Compare Several Insurance Quotes

Working with an insurance agent, compare several quotes before making a decision. You’ll need to go over the fine detail to compare coverage vs. cost. Take your time, come up with a list of questions, and then address these concerns with your insurance agent. 

2. Bundle Your Insurance Policies with one Company

Next, bundle your commercial policy with all your other insurance policies, including auto, home, life, umbrella, boat, and more to save money on your premiums. This is an easy way to save money on your commercial insurance policy. 

3. Work with a Reputable Insurance Agent

To find the right commercial insurance policy for your particular business, work with a reputable agent. They will know which policies cover what you’re looking for. Whether you own a hair salon, a retail store, or a landscaping company, a trusted agent will save you time by quickly locating several policies for you to compare.

To learn more about purchasing commercial insurance, contact the team at B & G Insurance in Miami, FL. We can be reached by phone or send us an email to schedule an appointment. Commercial insurance is a must to protect your livelihood from theft, damage, fire, and other unforeseen events. 

Maintenance Tips for Your House This Summer

You need to perform certain tasks before the cold seasons and also before the hot seasons. These chores help keep your home safe and the people who visit it safe. At B & G Insurance, serving Miami, FL and the surrounding area, we can provide you with advice that can prevent a lawsuit, while it can also keep you and your family safe and comfortable.

Air Conditioner

You want your air conditioner functioning before the hot months begin, so you stay content indoors. However, maintaining your air conditioner may optimize the function of your cooling system, too. Additionally, servicing your unit has the possibility to prevent a fire.

Check Your Attic

Although it’s hot in the attic, you should check your attic for any dampness. You also want to check for mildew and leaks. It’s important to evaluate your attic for holes and pests as well. 

Examine Your Deck

Take a look at your deck before you start entertaining company during the warmer months. You want to evaluate each board for rotting. While you’re doing this, you should also check for any loose ones and hammer them in. This is an ideal time to reseal your deck to protect it against water. You may want to perform a water test, which is when you pour a small amount of water on your deck. Notice the results. If the water forms beads, your sealant is still intact. However, if it soaks into the wood, you need to apply it again. 

Update Your Homeowners Insurance 

Before the summer months, you need to update your homeowner’s policy. Make sure you have enough coverage and that it covers pools if you have one. 

Discover more about homeowner’s insurance policies and how to maintain your home for optimum safety by visiting B & G Insurance, serving Miami, FL, and the nearby region, by visiting our website. 


Do I Need Fleet Insurance if I Have More Than One Truck?

Being properly insured is part of doing good business. It not only protects you and your investment, it protects others as well. When you have more than one vehicle, you may qualify for fleet insurance. Fleet insurance offers many of the same benefits as a multi-car policy for homeowners except this type of policy is designed for commercial policies. At B & G Insurance, the agents work with Miami, FL based businesses to ensure they have the right type of coverage to fully protect their business.

Multiple Vehicles

Having multiple vehicles can actually make you eligible for specific discounts. While the discounts may vary from policy to policy,  fleet insurance policies are written to help business owners maintain their bottom line without losing control of their budget. The goal is to provide the best coverage possible for a price that is affordable.

Safe Drivers

One of the most important factors when determining any type of insurance quote or premium is knowing the safety record of the drivers. Hiring drivers with a clean driving record is essential if you want to keep your insurance costs as low as possible. You can obtain a driver’s  DMV record by contacting the agency and requesting a copy. It’s important to keep an up-to-date record in their employee file.

Business owners in Miami, FL can always get the answers they need by contacting the agents of B & G Insurance. Whether you need to insure one vehicle or 100, they will have the answers you need to make an informed decision. Guessing when it comes to fleet insurance can be a dangerous game. Don’t risk your business, call and talk to an agent today!

Here is why you need renter’s insurance

Renter’s insurance, also known as an HO-4 homeowner’s policy, is not required if you rent an apartment in Miami, FL. You may, however, find yourself out of luck if something happens in your unit while you are depending on the landlord’s insurance to cover your loss.

A landlord’s assurance plan is designed to protect him when tragedy strikes. The policy does not cover damages to your property. At B & G Insurance, one of our agents can explain the details about renter’s insurance and help you better understand why you need a policy in Miami, FL. Read on to learn more about what renter’s assurance may cover.

Theft is covered by a good renter’s insurance plan

A thief comes and steals your most prized possessions in the middle of the night. You can be sure that the landlord will tell you that your loss is not his issue. A renter’s insurance plan can provide compensation for the items that were stolen so that you can begin to get your life back on track.

Renter’s insurance pays for property damage and bodily injury

You are responsible for broken windows and other damages to the unit that you rent. A renter’s assurance policy works to ensure that you meet your financial obligations by covering property damage. A good policy may also pay for bodily injury in the instance of one of your guest getting hurt at a gathering held in your unit.

Renter’s insurance offers versatility

Some plans let you transfer coverage when you move out of one unit and into another. Renter’s insurance can also be tailored to fit your needs. You can get as much, or as little, assurance as you desire.

An agent at B & G Insurance can help you find the renter’s assurance plan that works best for your situation. Give us a call today to get started with a quote!