There are two types of coverage for your personal property – Replacement Cost and Actual Cash Value. If your TV is destroyed in a fire and you have a Replacement Cost Policy the insurance company pays to repair or replace your TV with a new set similar to the damaged one. If you have an Actual Cash Value policy, the insurance company pays to replace your TV based on what they determine the value to be minus depreciation.
For very expensive items, like jewelry, diamonds, art work, etc. you will need to purchase extra coverage, which is called an Endorsement. Your Homeowners Insurance may exclude coverage on certain items like fine art collections. When you purchase something new and your not sure, call your Insurance Agent to get advice on what type of coverage you need.
Keeping inventory updated is important. To make it easier for your insurance company to pay your claim, have photos and/or a video of the contents of your home. Keep receipts of new items as they are purchased. Make copies of the receipts as well as the serial numbers of your property and keep them in a safety deposit box, online, or with a family member for safe keeping.
Do all you can to keep your property safe from fire, damage, and burglary. Smoke detectors, maintaining your electrical system in your home, deadbolt locks and burglar alarms are some ways to protect your property. For doing all you can to protect your property, you may be eligible for a discount on your Homeowners Insurance.
Have questions? Contact us today.
These tips can help you save money on your Auto Insurance…
What you can control with your Insurance Discounts
Where you live and work makes a difference. If you live in an area with little or no traffic your insurance rates should be lower. If you live in a big city with traffic and where more accidents are likely to occur you are more likely to have a higher rate. Some neighborhoods with a high rate of theft can also add to higher auto insurance rates.
• Driving Violations on Your Record
If you have a history of moving violations, accidents, speeding tickets, DWI or reckless driving you are at a risk of higher insurance premiums and possibly having to purchase SR-22 (a driver already having been convicted of a Failure to maintain Auto Insurance, traffic related offenses -DUI’s, DWI’s or other serious traffic violations involving negligence or severe endangerment of other drivers or pedestrians) and FR-44 coverage(typically the FR-44 is required after DUI convictions and has higher limits than the SR-22). As your record improves, your premium will get lower.
• What Type of Vehicle You Own
Consider the cost of car insurance before you buy your dream car. Contact and agent and run a few vehicles you are considering and the agent will be able to let you know what risk these vehicles fall under for safety, theft and more.
• Accident Claims
A driving record that is clean and free of accidents will hold fare better for you than lots of tickets and/or accidents.
• Your Credit History
Many insurance companies view having a poor, or even no credit history as suggestive of higher risk and thus, charge you a higher premium.
• Your Occupation
Insurers have statistically found a correlation between your occupation and risk of filing claims. For instance, a newspaper delivery person is most likely a higher risk than the personal banker sitting at their desk all day.
There are some discounts that you Cannot control with Insurance Discounts.
Men or Women
Women are statistically safer drivers. Men have riskier driving patterns than women and are more aggressive on the road. (sorry guys)
Teen drivers and those under the age of 25 have higher risk of an accident than those older. Statically teens drivers allow a shorter headway and in comparison with other age groups have the lowest rate of seat belt use.
Drivers under the age of 25 are at greater risk of being in an accident than those over age 25 because people under 25 are more likely to seek adventure and take risks. Drivers between the ages of 50 and 65 generally have the safest records.
• Marital Status
A married person will pay less than a single person with an identical driving record.
At Budget Bi Rite You can choose Personal Injury Protection (PIP) PD and Bodily Injury or Full Coverage
We offer cheap rates on SR-22 and FR-44 coverage
We also offer a wide variety of discounts such as safe driver, Senior citizen, good student, multi-car and previous insurance.
Ask us about deductibles as low as $100.00.
Call us today to get your questions answered.
863-453-3903 or visit our website budgetbirite.com fill out the form and we will have an agent contact you within 24 hours.
We find insurance that meets every budget!
Share Valentine’s Day by volunteering in your community with co workers, family and friends. Take a little time for this day to bake up some Valentine cookies and cakes or you could purchase store bought treats and give them out with a special tag.
Take the family or a few friends and visit a nursing home in your area. Hand out flowers (a Carnation for each person) and Valentine cards. This does not have to be expensive and it will bring so much joy. (Call ahead to find out how many flowers and cards you will need and make an appointment.)
Visit someone who is under the weather with Valentines Day treats and offer to run errands for them.
Get your family and/or friends together and celebrate with a mini tea party. Serve hot tea and cookies. Have pretty paper, glue, scissors, paper dollies available to make old fashioned valentines day cards.
Volunteer at a soup kitchen for a few hours, be it washing dishes or serving up a meal, it will be appreciated.
Don’t forget our furry friends. Lend a hand at a community animal shelter or donate pet food or both.
Have a little brother or sister? Take them for the afternoon to a Children’s Museum or a favorite spot they like.
Happy Valentine’s Day!
Photo Thank you FreeDigitalPhotos.net
Hurricane Season 2016 is here and we have our first official Hurricane called Danny. Time to keep an eye on the storm and get a list of supplies together just in case. As important as preparing for a storm is, you also need to make sure you have homeowners Insurance with Hurricane Coverage.
Don’t wait for a Tropical Storm or Hurricane watch or warning to be issued for your area. Once there is either of these warnings it is highly unlikely for you to get a NEW policy issued in the state of Florida. If you do not have hurricane coverage and there is a named storm out in the ocean, now would be the time to get a policy before the warnings are up in your area.
Other things to consider for our homeowners policy.
Flooding in Florida
Flood Insurance is not included in your homeowners policy. Flood insurance is separate. Any damage from water that does not include wind and rain from the Hurricane would be covered under Flood insurance.
Check with an insurance agent and be advised that there is a 30 day waiting period before your flood policy can go into effect. You can get a flood policy even if you are not in a flood zone.
Coverage Inside and Out of your Home
Make sure you have a current policy that matches the value of your home and valuables. Now would be a good time to take inventory and re-check everything you want covered.
Don’t Be Surprised
Check into your policy to see how you benefit if there is loss due to a Tropical Storm or Hurricane. Do you have replacement of goods or will you get a cash value.
What is your deductible? Don’t wait until a storm had caused damage to find out what you deductible is. Windstorm Insurance usually carries a much higher deductible. Talk to an insurance agent about what are the best possibilities for you.
Take it With You
In the event you need to evacuate your home, take your insurance policy with you. As a back up, make copies and mail to a friend or email to yourself. You can also make copies and keep in a safety deposit box at your local bank.
Have a Pool?
Many pool owners have a screened in pool or a pool cage. Make sure this is also covered on your policy.
Having storm shutters may not only be a bonus for your home, but also on your homeowners policy. Ask an insurance agent about a bonus for having the shutters.
After The Storm
Assess your property damage, make notes and take pictures inside and out to present to your insurance agent. Keep receipts of everything your spent in repairs, and what you needed to get your through the storm. Not all may be covered but better to have them then not. If you had to evacuate or leave your property after the storm because of damage, keep receipts of hotel bills, food, rental car, etc.
Call us today to get your questions answered. 863-453-3903
or visit our website budgetbirite.com fill out the form and we will have an agent contact you within 24 hours.
Photo Courtesy of FreeDigitalPhotos.net