Florida Motorcycle Insurance

Surprised to know that Florida doesn’t require motorcycle insurance?  Most people are.  Ready to jump on your bike and feel the wind in your face?  You might want to take a step back and look at other things that might be involved.  There seems to be a lot of confusion, even controversy on the issue of motorcycle insurance in the state.  Even though Florida motorcycle insurance isn’t something you have to have to register your bike, there’s more you should know.

 

You Must Show Financial Responsibility

The state of Florida has something called the Financial Responsibility Law.  This means that if you decide not to get insurance you must still be financially responsible for any damages or injuries from an accident.  Again, you do not have to show proof of this when you register your motorcycle. But if you’re involved in an accident and you have no means to pay for injuries,  you could find yourself in some pretty nasty trouble.

 

In many cases, failure to keep the proper levels of financial responsibility can end up with you losing your driver’s license, suspension of your registration and costly fees to reinstate both.  You may also be required to prove to the state that you are carrying insurance for up to three years after a violation or involvement in an accident.

 

Benefits Outweigh The Cost of Florida Motorcycle Insurance

When you consider what you could be in for if you don’t carry motorcycle insurance, you might be smarter to just get insured.  What if you find yourself the cause of an accident and you can’t pay the other person’s damages?  What if you crash your bike and don’t have the money to get it fixed?  What if  your bike gets stolen?  All of these are important reasons to consider just getting the insurance, even though it’s not required.

 

There are a lot of things that can help get your motorcycle insurances costs lower.  Things like a safe driving record helps you get lower rates, as does the age and type of bike.  Whether you use your motorcycle as your main mode of transportation or just a little pleasure riding from time to time can also affect your rate.  If you have an anti-theft device, even where you store your bike can make a difference in the costs of your insurance.

 

Choosing The Right Insurance

If you decide that it makes good sense to get insurance for your motorcycle, you can shop around online to compare rates from several different companies.  Florida motorcycle insurance premiums are usually higher than other areas of the country.  This is partly due to the fact that there’s no off season for motorcycles in the state.

 

You may choose to just have liability coverage to cover just what the name implies, your liability for injuries to others or damage to their property.  It will not cover damage to your bike or your own injuries. Of course, as with any vehicle insurance, you can add additional coverage to your policy depending on what you feel you need and can afford.    Take the time to comparison shop and find the best policy.

Florida Auto Insurance Rates

If you think Florida auto insurance rates are high, you’d be right.  The auto insurance rates in Florida are among the highest in the nation.  No insured drive can escape the continuous rise in costs.  Even if you only carry the very minimum coverage required by Florida state law, you’re going to be affected by these climbing rates.

 

Why Are Florida Auto Insurance Rates So High?

Insurance carriers throughout the state blame the rise in costs on PIP, or personal injury protection coverage.  The state requires that every policy include a minimum of $10,000 coverage for personal injuries caused by an accident, no matter whose fault it is.  Apparently the PIP claims have ballooned over the years, causing the insurance rates to continually go up.

 

Professionals in the insurance industry are claiming that fraud has a lot to do with the increase in these PIP claims.  They say staged accidents are on the rise.  Alleged victims of these staged accidents claim injury, go to a medical provider and the provider collects the $10,000 insurance money.  The Tampa area seems to be one of the prime spots, showing a big increase in the number of PIP claims.

 

Other insurance companies question whether there’s actually an increase in fraud or whether the consumer is just becoming more aware of their options when it comes to filing claims.  It is quite common these days to see advertisements every where by personal injury attorneys encouraging people to seek damages if they’ve been injured in an automobile accident.

 

How To Find The Best Rates

Your auto insurance rates are based on a lot of different factors.  For instance, your age and your driving history can have an affect on how much you will pay.  Other factors that influence your rates are where you live, city or rural, and the kind of car you own.  These factors can vary widely among the different insurers.  For example, the kind of car you want to insure won’t necessarily be assigned the same rate with every company.

 

As of September, 2013,  studies show that Florida auto insurance rates were the highest in Miami and the lowest were in Gainesville.  The average rate for auto insurance was about $996.  With so many companies offering auto insurance, you’ll want to take the time to shop around for quotes.

 

Arming yourself with comparison rates will help you get the best policy for your situation and your budget. You can easily get the information you need by searching for quotes online.  Most websites will let you search by entering your zip code to get an accurate idea of the rates in your specific area.

 

Keep in mind that Florida law requires everyone to carry minimum coverage.  Should you let your coverage expire it can result in losing your driving privileges and it will cost you to get those privileges back.  So even if your think Florida auto insurance rates are expensive, the cost of not having insurance or letting your insurance lapse will only cost more in the end.

The Importance Of Insuring Your Florida Home

Florida Homeowners insurance is a necessity for homeowners. Many homeowners should have some type of home insurance secured against their home… if they don’t already have it in place.

 

While many homeowners are required to get home insurance (as per their mortgage or other reasons), others may not have an adequate home insurance policy in tow. Even though home insurance is technically not required by law in many jurisdictions, homeowners should have a policy anyway. The risk of not having some type of policy is too great nowadays, so it’s important for homeowners to get a policy as soon as they can.

 

The importance of…  Florida Homeowners Insurance

 

Home insurance simply provides protection. It protects the entire home, the contents inside and it even provides significant protection for other assets around your home, in the event of natural disasters, accidents, fires, theft and much more.

 

Your standard home insurance policy often provides enough coverage to protect your home against most occurrences. Most home insurance policies, however, don’t provide protection against situations like floods and earthquakes—you’ll have to get an entirely different policy for that particular protection.

 

A standard policy, however, is pretty much enough for most homeowners in search for a robust home insurance policy. Many policies also include protection against liabilities, typically involving situations where third parties may get injured on your property. Those particular Florida Homeowners Insurance coverage options often cover damages from the incident and provides coverage for any projected medical payments.

 

How much is enough home insurance?

 

A lot of homeowners often ask that particular question… with good reason. After all, many homeowners don’t want to be responsible for paying for a hefty monthly premium—all for policies that may not fit their lifestyle!

 

In most cases, a standard home insurance policy should be enough to provide coverage in the case of you having to completely rebuild and refurnish your home after a total disaster.

 

Many resources suggest to talk to a home builder to get an idea about how much it would cost to completely rebuild and refurnish. The figure that you might get from them will serve as a basis for your Florida Homeowners Insurance policy’s coverage amount. Sometimes, there are things in your home that may raise the cost of your policy, so take those things into account, too.

 

What coverage do you want?

 

If you need home insurance, you also need to figure out what type of home insurance you want. Many homeowners settle for what’s known as Extended Replacement Coverage, which offers coverage that often caps at a certain payout of your home’s insured value. With an Inflation Guarantee that makes sure your home’s value stays the same as the current market price, most people settle for that particular policy combination.

 

In rare cases, some homeowners are able to get Guaranteed Replacement Cost Coverage for their home, which pretty much covers all costs associated with rebuilding and recovering the home. Though, since they’re pretty common policies nowadays, most people get Extended Replacement Coverage, which is enough to cover most costs.

Florida Home Insurance Guidelines

Buying home insurance in the sunshine state can be challenging.  Studies have shown that Florida ranks the highest for overall cost due to the many issues that residents and home are faced with in the state.  But there are other guidelines besides hurricane protection that Florida residents need to consider when they are buying home insurance.

Cover the cost of replacing your home

The first consideration when buying insurance from http://YourFloridaInsuranceQuotes.com for your home is to consider the property value.  This value does not mean the cash value or what you paid for your home but instead it means what it would cost to replace your home.  Home values vary from area to area and the cost to purchase could be considerably higher because of the property value.  Insurance companies must pay to replace the home and not buy you another home in the area so they will work with you to develop the replacement cost for coverage purposes.

Insure your home against flooding

Most home insurance policies will specifically exclude damage due to flooding.  This means that homeowners in must purchase a separate flood insurance policy to protect their property and assets in the event of flooding.  Flooding is a very real problem in the State of Florida due to the hurricanes that regularly pound the state and can do billions of dollars in property damage.  A large part of the damage that occurs from hurricanes is due to flooding so it’s important to purchase a flood insurance policy from a reputable insurance company.

Florida home insurance total loss liability

Going through a devastating fire or having your home demolished by hurricane damage is difficult enough; you don’t need to worry about how you rebuild your life.  If your home and property are totally lost due to fire or some catastrophe you need to ensure that your policy reflects the current value of your property.  For example, if you recently completed renovations on your home and upgraded your appliances but neglected to update your replacement cost on your insurance policy then under Florida state law the insurance company is not required to cover that loss.  It is essential to keep your coverage current and review this frequently with your insurance company to ensure that you are covered in the event of the total loss of your home and assets.

Insuring old homes in Florida

The State of Florida specifically forbids insurance companies from denying coverage because of a home’s year of construction.  If you own an older home the insurance company may request that enhancement and fortifications be made to your home before they will write a policy.  This will help to reduce the amount of damage that will be done to your home when a hurricane strikes.

Florida home insurance presents unique challenges because of the damages that hurricanes can cause to homes.  When you buy an insurance policy make sure that your are properly protected for the full replacement cost of your property then if a catastrophe strikes you will be prepared.

Behind The Safe Driver Discount

A lot of drivers don’t realize it, but there are often many factors that can influence the type car insurance they want to buy. These factors can be as minor as the type of car you drive and as major as who’s driving the car in the first place. The first step, however, is to visit a website like http://yourfloridainsurancequotes.com and learn about these factors.

 

To go into further detail, certain drivers may end up paying more for car insurance than others. Some drivers more likely to pay more for car insurance if they’re also sharing their policy with their teenaged driver. Others who might pay more usually pay more due to their driving history, such as if they’ve committed any traffic violations or crimes.

 

Though, most car insurance companies do reduce the amount of money that people may pay for their car insurance policy if they’re, well, a safe driver. In fact, people that are safe drivers are highly likely to get a ‘break’ on their car insurance policy and get what’s known as a safe driver discount.

 

The ‘safe driver discount’

 

People that drive safe naturally get rewarded by car insurance companies. Many Florida car insurance companies provide better premiums for customers, particularly allow them to take a discount of 5 percent or more off their premium. There are even incentives that allow drivers to reduce their costs every few years they show good behavior on the road.

 

Though, a lot of drivers want to know how to qualify for these safe driver discounts. To start, you can’t just drive safely—there are other things that you have to maintain, as well.

 

Driving record

 

To get a safe driver discount, you have to show that you’re a safe driver. This best way to accomplish this is having a clean driving record. Your driving record typically shows whether or not you’ve experienced certain infractions during your time on the road.

 

When your Florida car insurance sees that you’ve committed no infractions that show on your driving record, they’ll be more likely to reward you better rates on your car insurance policy.

 

Discounts for multiple vehicles

 

Sometimes, drivers are able to get the same policy on several vehicles at once… as long as they demonstrate to their car insurance company that they’re able to pay for the coverage. Usually, Florida car insurance companies will provide discounted coverage when driver decides to insure several vehicles at one time.

 

New driver education

 

New drivers are able to get discounted car insurance, if they complete required driver’s education courses. In most cases, they have to complete both classroom instruction and some time in driving school with an instructor.

 

Safe vehicles

 

People that have a safe vehicle may also qualify for better discounts on their Florida car insurance. That pretty much means that your car should have features like air bags, anti-lock breaks and just, in general, be outfitted for safety.

 

Naturally, it’s always a good idea to talk to your Florida car insurance company about the possible options you may have for getting a discount on your car insurance policy. After all, there’s nothing wrong with asking them about that!