Floirda Insurance Home, Auto, Business, Health Insurance blogs


Lawmakers move forward with sweeping Florida property insurance changes

By Janet Zink,


TALLAHASSEE — Sweeping property insurance reform bills that critics deride as a gift to the industry are getting blessed by Florida lawmakers.

A Senate proposal passed its final committee Tuesday morning and is headed for a floor vote.

Later in the day, a similar House measure sailed through its first committee hearing.

Among other things, the Senate bill would free insurance companies from a requirement to offer comprehensive sinkhole insurance. Opponents argue that means that no private insurers would offer sinkhole coverage, so the bill requires state-run Citizens Property Insurance to offer it.

That didn't sit well with Sen. Gwen Margolis, D-Miami.

"We are going to have a full-blown disaster one day," she said. "This is simply taking all of the people who have sinkhole coverage in their community and putting them in Citizens. Then in another bill we're raising the cost of Citizens."

Margolis called it the most anticonsumer bill offered up by the Legislature.

But Garrett Richter, R-Naples, the sponsor of SB408, said the point is to make Florida more appealing to private insurers, who say they can't charge high enough premiums to cover potential losses and they can't compete with Citizens' low rates.

"The ultimate goal of this bill is to increase competition, to attract underwriters into the Florida market, to attract capital to Florida, to reduce fraud," he said.

Sen. J.D. Alexander, R-Lake Wales, said the growth of Citizens, which has 1.3 million policyholders, is potentially the "biggest single financial crisis facing this state."

"If we ever have a major storm, we are in deep trouble," he said.

Citizens officials have warned their premiums aren't high enough to cover all their payouts in the case of a huge hurricane or series of storms. That means all insurance policyholders, including those that aren't in Citizens, would have to pick up the tab.

To underscore that fact, Alexander introduced an amendment to SB408 that would change the name of the state-run insurer to the Taxpayer Funded Property Insurance Corporation. The measure passed, though it's not likely to survive a vote of the full Senate.

John Thompson, a Spring Hill resident, panned the entire bill, saying homeowners had no voice in developing the legislation. Private insurers, he said, are not about to go under. Thompson said his homeowners policy was canceled by four private insurers, forcing him into Citizens, even though hurricanes and sinkholes are not new phenomena in the state.

"This Legislature is condoning cherry-picking. Let them write what they want, when they want and charge what they want," he said, pointing out that State Farm offered to cover his automobile even though it's parked in the garage of a home the company won't cover.

"They should not be knocking on your door, the Florida Legislature, asking for handouts and crying about losing money," he said. "Yes, losing money on a specific market product possibly, but not on the verge of going broke. No way. No how. It's greed."

The bill passed the Senate Rules Committee by a 9-3 vote, with Republicans Anitere Flores, R-Miami and Dennis Jones, R-Seminole, voting with Margolis against it.

The House bill, which also lets private insurers off the hook for sinkholes, passed by a vote of 12-3 in the Insurance and Banking Subcommittee.

Rep. Evan Jenne, D-Dania Beach, cast one of the dissenting votes, saying HB803 would result in a feeding frenzy by insurance companies on Florida policyholders. Reps. Janet Cruz, D-Tampa, and Perry Thurston, D-Plantation, also voted against it.


Are poor folks targeted with higher insurance rates?

If you have a blue-collar job or no college degree, you could be paying more for auto insurance than someone with the same car and driving record who is a professional or has a degree.

That's the finding of a recent Consumer Federation of America study that examined quotes in 15 cities from the four largest auto insurers in the country and Florida — State Farm, Allstate, Progressive, and GEICO.

The Consumer Federation found, among other things, insurers quote wildly different rates for similar, hypothetical drivers because of factors that can unfairly target those with less money. For instance, in Miami, an insurer quoted one person $1,759 a year and another who is similar $3,457. Two other insurers quoted a woman in Miami $2,822 and $2,203 and a man, $1,978 and $2,430, respectively.


The Sun Sentinel found a similar trend when obtaining 16 online quotes for two hypothetical customers in Fort Lauderdale with exactly the same profile, including the same age and car, with the only difference being either the driver's occupation, education level or whether they are a homeowner. The quotes, which covered 6-month policies, were all higher for the person whose income would likely be lower based on the factor tested. The difference ranged from being $20, or 2 percent, higher for a secretary versus an executive to a whopping $489, or 114 percent, higher for someone without a high school degree versus someone with a doctorate.

State Farm and Allstate, two of the four biggest auto insurers, were not included in the survey because their online quoting form requires providing a real person's information. Obtaining quotes using a real person's information generated a similar result.

Regulators discourage insurers from using income to set rates, but other factors can be used as surrogates or proxies, according to a Florida Office of Insurance Regulation report in 2007.

"While the use of race as a rating factor was outlawed in Florida … occupation and education has emerged in the rating and underwriting of auto insurance and appear to be highly correlated to race and income-level," according to the report.

Hilary Shelton, the NAACP's senior vice president for advocacy, said home ownership is also correlated. About 40 percent of racial and ethnic minorities own homes, while the rate is about 70 percent for whites, Shelton said.

"It puts many struggling Americans in a very disadvantaged position. It [hurts] those people who can least afford it," he said. "Clearly, it's discriminatory…Things like your income, marital status and job title should have absolutely nothing to do with how much money one is charged."

Insurers don't discriminate based on criteria such as race, religion and gender and they use only factors that reveal how likely you are to get in an accident, said Bob Hartwig, president of the Insurance Information Institute, an industry group.

That ensures they're charging each person as close to the right price as possible, so consumers who are less likely to get in accidents won't have to pay as much as people who are more likely, Hartwig said. "The CFA seems to completely ignore the fact that people can shop for insurance and [right now auto] insurers are hungry for your business," he said.

Christine Tasher, GEICO's public relations director, said the insurer's rates are "very competitive" in Florida. She added: "Hypothetical quotes really are just that … hypothetical."

So why do insurers ask for the information when providing quotes? Insurance Information Institute Spokeswoman Lynne McChristian said it's because they "have found there is a statistical correlation between [factors such as] occupation and losses," but they don't study why that is.

Bob Hunter, the Consumer Federation's director of insurance, said when you combine one factor, such as working as a cashier, with others, such as renting instead of owning, it can be a double-whammy on your premium. "Every one of the factors can have an adverse impact…When you use all eight of them it's a huge adverse" impact.

Consumer advocates say using factors that indicate one's income is just as bad as using credit scores, which some states have banned for similar reasons. They say the factors used put poor people at a greater disadvantage than they already are, which contributes to more drivers being uninsured.

"If they were used by lenders, people would be in the street complaining and regulators would be cracking down," said Stephen Brobeck, executive director of the Consumer Federation. "Insurers have slowly been using more and more factors related to socio-economics as opposed to whether you're a good driver or not."

A new tool some insurers offer that gives discounts based on how policyholders actually drive — called pay-as-you-drive or usage-based programs — may reduce the impact of socio-economic factors on rates. Two of Florida's largest insurers started offering the program: Progressive and recently, State Farm.


How Does Homeowners Insurance Work?

  1. The Basics of Homeowners Insurance

    • When you purchased your home, you were required to purchase homeowners insurance in order to receive financing. Understanding this coverage will help you make the most of your policy if you should ever need to make a claim. Homeowners insurance policies are labeled based on how much coverage they offer. The three types of homeowners insurance policies are HO-1, HO-2 and HO-3. HO-1 and HO-2 policies are the more affordable options, but they only insure the property, not the individual's belongings, and they carry many exclusions. Most policies are HO-3 policies because they cover both the house and the belongings it contains.

    Property Protection

    • HO-3 polices are divided into two basic parts: property protection and liability protection. Property protection covers four main items. First, it covers the dwelling itself, which includes your house and any attached structures. Other structures on the property, such as a storage shed, are also covered. Your personal property is another part of this coverage. Some policies will reimburse the actual value of the property, while others will provide the replacement cost if property is damaged, regardless of any depreciation. Some policies will also cover the loss of very valuable items, like jewelry, even if there was no catastrophic event. Finally, if your home is damaged and you cannot live there while it is repaired, your living expenses will be covered under property protection.

    Types of Damage Covered

    • The property portion of the homeowners insurance policy will cover damage caused by storms, ice, snow, fire, theft and vandalism. Damage caused by pipes that burst or other accidental malfunctions within the home are usually covered, provided there is no sign of neglect on the part of the homeowner. Homeowners insurance policies often have a deductible that the homeowner has to pay before coverage is available. Typical policies do not cover damage caused by floods, hurricanes and earthquakes. Homeowners who live in areas at risk for these types of damage can add these coverage options for an additional cost.

    Liability Protection

    • The second part of the policy, the liability portion, covers you against claims made by others who are injured on your property. For example, if you are having a party and one of your guests is injured while at your home, the medical bills that the guest has will be covered by your homeowners insurance policy. However, if you neglect your property and someone is injured as a result of your negligence, you will be liable for those injuries.

    Filing a Claim

    • If you suffer a loss that is covered under your insurance policy, you will need to file a claim to receive your money. Your insurance company will then send an adjuster to confirm that the value you stated on the claim is accurate. Having pictures or other records to prove the value of your belongings will help you receive all that you are owed. Once the value of the damaged property has been assessed, you will be offered a settlement amount. You can negotiate this if you feel that it is not sufficient to cover your losses.


Does Your Homeowners Insurance Cover Natural Disasters?


Most people buy a new home, get homeowner's insurance, and sit back thinking they are protected in the event of a natural disaster. That is what insurance is for, right? Well, yes, and no. The fine print of your homeowner's insurance is likely to have a list of what is covered, and not a whole lot about what is not covered.

Take flooding, for example. Your policy may state that you are covered from damage by rain. What this means is that you are covered from water falling from the sky. If your roof springs a leak, and you've kept up with proper maintenance, then in theory your roof will be covered when it collapses under the pressure of a big thunderstorm. But if that same storm causes the stream that runs through your back yard to overflow and run into your basement, you are most likely not covered for that damage. But wait, the rain from the sky caused the creek to flood, so it is all rain damage, right? Um. No. Rain, by the insurers standpoint, comes from the sky. Flooding comes from the ground. So you are not covered.

This may seem a bit ridiculous, and maybe it is. But it is the reality we as homeowner's must face. If you do not see it plainly listed on your policy, in writing, then you have to assume it is not covered by your insurance company.

Many people learned the horrible truth of this during Hurricane Katrina. While rain fell from the sky, winds tore off roofs and water flooded houses. Unfortunately, many of the victims had only basic homeowner's insurance, which does not cover flooding or damage caused by high winds. So what these people found was that they had a house that was useless, mortgages to be paid, and no where to go.

In most cases what you will not need will seem obvious. If you live in Kansas, it is probably a safe bet that you can pass on earthquake insurance. If you live on the side of the Rocky Mountains, you can probably safely turn down hurricane insurance. But if there is any questionable situation, you might want to look into added coverage. For example, in California it is probably wise to invest in earthquake insurance. If you live along the southern states you probably should consider hurricane insurance. If your house is in a flood plain, most would suggest you get flood insurance.

The problem with this plan is that insurance companies are all about lessening their risks. If your house is on the beach in the Florida Keys, the insurance company knows it is very likely at some point you will have damage from a hurricane. Unfortunately for you this means your premiums will be very high, as the insurance company, like any business, wants to make money.

The key is to make sure you understand what is and is not covered on your current policy. From there you need to weigh the risks versus the cost and see what added coverage you need to have before a natural disaster strikes.


Florida Home Insurance – It’s Still Possible to Find Coverage at a Good Price

By Ryan Richardson


Florida home insurance is getting more and more difficult to obtain and if you already have it it's getting more expensive. Hurricanes in recent years have driven up the prices that homeowners are paying for their insurance premiums. In some cases a premiums have gone up so much that some people cannot even afford to keep their homes. Many of the big-name insurance companies are not even offering new policies to homeowners.

So what's being done about this? Some concerned citizens have formed a group called H.A.C or Having Affordable Coverage. Here is a quote from their website regarding their mission statement "our mission was to return affordable property insurance without the loss of additional coverage to the homeowners of Florida." In addition to these types of grassroots efforts to combat rising costs for Florida home insurance the state has actually created their own insurance program. The Citizens Property Insurance Corporation is a way for Florida homeowners to get coverage but it is a last resort. This state created insurance program is required by law to charge more than private insurance companies in order to be noncompetitive. So while this helps the problem of not being able to get coverage it does nothing to help the problem of being overcharged for it.

Although a lot of the big-name companies are no longer offering new policies and are jacking up rates on existing policies there are still options available to homeowners in Florida. Some smaller companies have come in to try to fill the void left by the larger companies. These smaller companies are providing Florida home insurance to people who cannot get coverage from the larger companies and they are doing so at more competitive rates. It's getting more difficult to find good coverage at an affordable price in Florida these days but there are still options available to you if you take the time to look for them.


Florida Homeowners Insurance – Soon or Else it Will be Too Late



If you are living in an area like Florida where floods, hurricanes or tornados invade frequently, you have to prepare yourself to face the challenges. Life would be devastatingly tough if you are not prepared.

It is sure you cannot fight the forces of nature but you can protect yourself from economic devastation with homeowners insurance. Homeowners insurance can be a blessing during natural calamities or in time of need.

Here are some tips to buy an affordable homeowners insurance in the Florida State:

Make a search: To find a reputed and affordable Florida homeowners insurance, you should shop around. You are recommended to contact all local brokers or insurance agents to know the different home insurance policies provided by them. Today, many home insurance companies have their own websites; you can browse the net and request for home insurance quote. After collecting the entire information make a comparative study to get the best deal. If you are not sure of the policies you can take help of a reliable agent.

Only home insurance comparison is not enough, you should perform a home insurance rate comparison as well. However, home insurance rates do not differ a lot but some companies do provide discounts. You can get a cheaper home insurance by using these discounts. Some home insurance companies offer discounts to senior citizens. If your age is more than 62 years then you can avail the discount offer. These discounts help you to save 10-15% per year.

Installing your home with modern equipments like burglar alarms, deck-bolt locks, home video camera, fire alarms, carbon monoxide detector and smoke detector can also fetch you a discount.

But do not over bargain homeowners insurance. Always remember that you are living in an area, which is prone to hurricane. Therefore always keep an eye on the various coverage offered by your local home insurance agents.


Florida Home Insurance Bill Vetoed by Governor Charlie Crist

By Moises Reyes

Florida Property Insurance Bill Generates Controversy amongst Insurance Industry

Florida Governor Charlie Crist's decision to veto an omnibus property insurance bill, SB 2044, has generated a considerable level of controversy after he was urged to sign it by homeowners insurance industry trade organizations, executives, and even Florida Insurance Commissioner Kevin McCarty. Despite the recommendations of those who backed the bill, Gov. Crist, who has left the Republican Party to run as an independent for the U.S. Senate, expressed concern over potential Florida home insurance rate hikes that may have resulted from the bill. In his veto message, Gov Crist stated, "I am most concerned about the expansion of the current expedited rate filing procedure for property insurers that makes it easier to increase Floridians' premiums."

Although the bill was indeed expected to increase home owners insurance rates, supporters of the bill assert that the increased rates and reduced claims costs that the bill entailed were imperative to avoid massive financial risk associated with the 2010 Atlantic hurricane season and ensure future stability in the Florida homeowner insurance market. According to a statement issued by the Property Casualty Insurers Association of America (PCI), for example, "without the bill, we continue to confront the problem of a huge and growing financial risk that Floridians face from the next storm." Others, such as current Florida Senate President Jeff Atwater, have taken a more personal approach to expressing outrage over Gov. Crist's actions: "He yet again has found a way to mischaracterize the substance of legislation to advance his own political career," said Sen. Atwater.

Most of the rationale for the   rel=nofollow [http://www.secureinsurancequotes.com/florida/]Florida homeowners insurance industry's overwhelming support for the bill has derived from recent increases in costs that have troubled property insurers. These costs have largely been a result of rising non-catastrophe and sinkhole claims, as well as claims from Hurricane Wilma that claims adjustors are now reopening. Among the industry officials disappointed with Gov. Crist's veto is the Florida Property & Casualty Association, an organization of insurance companies and consultants, who said that   rel=nofollow [http://www.flsenate.gov/session/index.cfm?Mode=Bills&Submenu=1&BI_Mode=ViewBillInfo&Billnum=2044&Year=2010]SB 2044 would have made Florida home owners insurance more accessible and affordable to consumers as a result of decreased claims and fraud abuse. The group issued a statement, saying, "Unfortunately, it was erroneously portrayed by critics as a bill that would have raised rates without regulatory oversight. Nothing could be further from the truth. The veto of this bill will ultimately saddle all insurers with continued escalating losses resulting in less availability and higher rates."

Despite the urgings of the insurance industry, Gov. Crist viewed the bill as more detrimental than beneficial, explaining that "During these very difficult economic times, Florida's consumers should not have to be concerned with an additional premium increase to their policy."


Check Up on Your Home Insurance

By Pat Mertz Esswein

The national average premium for homeowners insurance will increase by 5% in 2012, according to forecasts by the Insurance Information Institute. That follows an increase of nearly 4% in 2011, and it will bring the average annual premium to an all-time high of $1,000. At the same time, home insurers are adding exclusions and requiring higher premiums to cover certain risks, such as mold and water damage. Meanwhile, the housing bust and recession have pushed the median home price down 35% since the market’s peak. But the cost to rebuild a home after a total loss has increased by 40% since 2004—7% in 2011 alone—thanks to rising building-material and fuel prices. So you could find yourself paying more for less coverage. Worse, you may not have enough insurance to cover the full cost of rebuilding your home and replacing its contents in the event of a fire, a tornado or some other major disaster.


Use your annual renewal notice or any improvements to your home as cues to touch base with your agent or insurer. Recheck how much insurance you really need and comparison-shop, taking advantage of opportunities to save. You can use the same tactics if you’re buying a new policy.

Check your limits

“In the aftermath of a total loss, every homeowner says, ‘My insurer told me I was fully insured,’ ” says Amy Bach, executive director of United Policyholders, a consumer advocacy group. “I’ve heard it a thousand times from people who have found themselves short—sometimes by hundreds of thousands of dollars.” She urges homeowners not to blindly trust that their home insurer has all the bases covered.

The first step in getting adequate coverage is to establish your policy’s dwelling limit. Your target number is the full-replacement cost of your home and its possessions. The dwelling limit bears no relation to your property’s market value (if you were to sell it), its appraised value (for mortgage financing) or its assessed tax value. And don’t mistake the cost of new construction for the cost to rebuild, which is more expensive because of factors such as debris removal and higher demand for materials and labor after a catastrophe. Bach says it generally costs $200 to $250 per square foot to rebuild the average home today. But if you live in a unique or historic home, in a high-end community, or in a hard-to-reach location, the cost could run $400 per square foot.

You can get a pretty good idea of what it would cost to rebuild your home by using an online calculator, available at sites such as HMFacts.com ($7) and AccuCoverage.com ($8). Both will ask you about the structural components, features and amenities of your home and, using databases of local labor and material costs, estimate your total cost to rebuild.

Your insurer or agent will probably help you determine the dwelling limit, using much the same script as the online tools do. Although you can answer many questions about your home over the phone, nothing substitutes for an on-site visit. Site visits are a routine practice for many independent agents, who represent more than one insurer, and for representatives of high-end insurers, such as Chubb and Fireman’s Fund.

The dwelling limit also determines your policy’s other coverages—typically 10% of the dwelling limit for other structures on your property, 50% for contents and 20% for loss of use of your home (additional living expenses when you can’t live in your home).

Take stock of your stuff

The amount of coverage built into your policy for the possessions in your home (as a percentage of the dwelling limit) may be inadequate to replace them. And although your policy may cover expensive items, such as jewelry and furs, it may limit the payout to $1,000 to $2,000. (Other items that may be capped include silverware, computer equipment, art, antiques, stamps, coins and guns.)

Create a home inventory to ensure that you have the right amount and type of coverage. In addition, an inventory will make filing a claim smoother, establish verifiable value for your things after a disaster, and make it easier to prove your losses for tax purposes. The Insurance Information Institute’s home-inventory app (at KnowYourStuff.org) and the app from the National Association of Insurance Commissioners make saving that information a snap. Be sure to include serial numbers, photos or a video, and receipts or appraisals.

Once you know what you have and how much it will cost to replace, you can add coverage with a scheduled personal property endorsement (or personal article floater), which typically costs about $20 per $1,000 of property value annually (although it varies by item and location).

Update your inventory periodi­cally to cover new purchases and gifts, and get updated appraisals of your valuables so that you can adjust your coverage. For example, gold jewelry inherited from Mom could be worth almost three times what it was worth five years ago.

Cover the gaps

It’s a good idea to purchase guaranteed replacement coverage, meaning the insurer will pay whatever it costs to rebuild your home with materials of like kind and quality, without deducting for wear and tear. Avoid actual cash value coverage, which pays the depreciated value of your home’s components and could leave you short of the funds necessary to fully repair or rebuild your home.

Most insurers build a fudge factor of 25% to 50% into the dwelling limit. Lacking that, you need to buy extended replacement coverage, a bargain at about $25 to $30 annually for an extra $200,000 of coverage, says Bach.

You might be tempted to save money by reducing your dwelling limit and picking up the balance with extended coverage. Two caveats here: First, you’ll reduce coverage of your contents as a percentage of the dwelling limit. Second, in the event of a total loss, your policy’s current dwelling limit must equal at least 80% of the cost to rebuild or you won’t get the benefit of any extended coverage to make up the difference.

Also, look for protection against a higher cost to rebuild due to inflation (inflation-guard endorsement) or upgraded building codes (ordinance or law endorsement).

A number of insurers have switched from the broader and more desirable all risks coverage (covering everything except those things expressly excluded) to the more narrowly defined named perils policy, which should cost less but may not. Request an all-risks policy, and if an insurer doesn’t offer it, look elsewhere. Review your policy’s exclusions for risks such as wind, water, earthquakes, sinkholes and flooding, and buy supplemental coverage. Flood insurance is never included in standard homeowners policies. You’ll need to get coverage from the National Flood Insurance Program (get quotes and information about flood risks for your property at www.floodsmart.gov).

Sewage backup is often excluded from homeowners insurance policies unless you get a special rider, which can often add $10,000 to $20,000 in coverage for about $50 per year. In fact, that’s one of the most common insurance gaps people discover during storm season and one of the easiest to fill. Last August, as Hurricane Irene moved up the East Coast, Steve Weisbart, chief economist for the Insurance Information Institute, was glad that he, unlike many of his neighbors, had coverage in case his sewers and drains backed up. As local sump pumps emptied water from basements into the overwhelmed sewer system, the sewage backed up into homes through toilets and drains. Weisbart collected on a $10,000 claim.

Your homeowners insurance also covers personal liability and medical payments to others. The typical policy provides $300,000 of liability coverage, which will protect you if someone is injured on your property. You can increase your coverage to $500,000 for about $25 more a year. Consider increasing your liability coverage to $1 million with an umbrella policy.

Get the best deal

When they decide whether to cover you, insurers consider factors such as the age, materials, condition and replacement cost of your home, the risk associated with your location, your claims history (the type and number of claims that you’ve filed or that your home has experienced), and your credit score.

Comparison shopping is easier if you work with an independent agent who represents many insurers (to find one, visit Independent Insurance Agents and Brokers of America). You’ll pay a commission (typically 10% to 15% of the annual premium), but it may be worth it for the guidance, and the agent should explain why one insurer or policy will better meet your needs than another. You can also get quotes from a direct-market company, such as Geico or USAA. And it’s worth checking out State Farm and Allstate, which sell through their own agents.

For specific advice about homeowners insurance in your state, visit the Web site of your state’s department of insurance, which may provide worksheets for comparison shopping. Before you buy a policy, check prospective insurers’ ratings for financial strength (at www.ambest.com) and complaint records. Also, keep a record of your communications, as well as the insurer’s assurances of coverage should there be any question of your coverage after a disaster (for more on making a claim, see How to Get Insurance Companies to Pay Your Claims).


How Working From Home Can Affect Your Home Insurance

By Dave Faulkner


Home insurance is an absolute must for anyone who owns his or her own home. It can effectively afford you a degree of protection should anything ever happen to your home and its contents. However, if you work from home or have your own home-based business then you need a little something extra - home business insurance.

Regular home insurance does not cover you for business equipment either in or outside of the home because it is for commercial rather than personal use. However, you are unlikely to need full business insurance because the scale of the business is contained within your own home and thus will not suit your needs. Home business insurance should fit your needs, but there is key information that you need to know before exploring your policy options.

There are several elements that are included in home business insurance or business home owners insurance but not in regular home insurance. For example, you won't only need to cover your own equipment; you will also need to provide cover for any items belonging to others that may be kept on your premises. This element will cover you throughout the duration of your policy in case of loss theft or damage. Business home owners insurances policies also usually offer you the option of selecting personal liability cover as well. That is designed to protect you should any of the individuals that visit your house for meeting and appointments have an accident and decide to sue. This is definitely not covered in home insurance but, because of the suing culture that we live in, is a must if you have people related to your business over on a regular basis.

Home business insurance or business home owners insurance tends to cover over and above the items listed below:

1.    It effectively increases the limit that you can claim as far more personal property is actually covered under home business insurance. In short, the amount you can claim per year will significantly increase.

2.    Some home insurance policies don't cover personal property away from home but business home owners insurance does, and effectively increases the amount of cover you have if it does happen to be covered under your home insurance.

3.    If you have home business insurance then any credit card coverage on that policy will cover your business card as well as your personal one. Home insurance policies only cover personal cards.

4.    There is a specific amount of cover in place for property that is in your home but does not belong to you.

5.    Your business accounts are also covered. There will be a limit put on the amount payable, but should your accounts be destroyed then you won't actually lose out.

6.    The personal liability coverage, as mentioned above, covers personal injury, any products produced and incidental contractual ability.


How to Get Cheap Mobile Home Insurance in Florida

By Brian Stevens

Because hurricanes, floods, fires, and burglaries are on the rise in Florida, mobile home insurance is no longer a luxury, it's a necessity. Here's how to get cheap mobile home insurance in Florida.

Mobile Home Insurance

Standard mobile home insurance includes the following coverages:

Structure coverage - This pays to replace or repair your mobile home, and other structures like a detached garage, when they've been damaged or destroyed by fire, plumbing leaks, vandalism, or storms. Standard policies do not cover damage caused by floods, so you'll need to purchase extra insurance if you want flood coverage.

Personal property coverage - This pays to replace your personal property - electronics, clothing, furniture, bicycles, sports equipment, tools, etc. - when they've been damaged or destroyed by fire, plumbing leaks, vandalism, or storms. Standard policies limit the amount of coverage for expensive items like jewelry, furs, collections, and antiques, so you'll need to get additional insurance for these.

Additional living expense coverage - This pays your additional living expenses when your mobile home is uninhabitable and is being repaired. This coverage pays your hotels bills, restaurant bills, and other additional expenses.

Libility coverage - This pays for medical claims, property damage expenses, and legal fees if you or your family injure another person or damage their property.

Trip collision coverage - This pays to repair or replace your mobile home when it's been damaged when you move it to a new location.

Emergency removal coverage - This pays to move your mobile home when it's being threatened by an approaching fire, hurricane, or other perils.

Loss assessment coverage - This pays your share of losses assessed by your association.

How to Get Cheap Florida Mobile Home Insurance

The cost for mobile home insurance can vary by hundreds of dollars from one company to another, so the first thing you should do is get quotes from different companies see which company has the cheapest rate. The best place to do this is at an insurance comparison website where you can get multiple quotes by filling out a simple questionnaire with information about your mobile home and the amount of insurance you want.