Author Archives: Florida Insurance Quotes LNC

How to Save Money on your Florida Car Insurance

FAQs | Car Insurance No Comments
Save Money on Florida Car Insurance

LNC INSURANCE PROVIDERS Offers Tips to Help You Save on Car Insurance

The following tips are the top 10 ways to save money on your Florida Car Insurance.

FLORIDA - Purchasing the right Florida Car Insurance can at time seem confusing. With so many options available, deductibles to choose from, even seasons car owners can sometimes lose track of how each option can affect the overall cost of their premiums. The good news is that we can show you some simple tricks that can enable you to get the most for your money, save on your auto insurance and feel confident you have adequate coverage.

LNC INSURANCE PROVIDERS, a leading insurance agency of auto and homeowners insurance, offer these tips to lead you in the right direction when you purchase your car insurance.

  • Be a safe driver. Drivers with good driving records can save as much as 60 percent over drivers who cause accidents.
  • Enroll in a driving class. Drivers who complete a state-approved defensive driving course, or drivers under the age of 21 who take a driver training course, could qualify for savings.
  • Buy a car that includes safety features such as anti-lock brakes, alarms or other security features, airbags, and automatic seat belts.
  • Choose a higher deductible (what you pay before your insurance policy kicks in), which can mean paying less for your policy.
  • Eliminate unnecessary coverages. If you drive an older car with little cash value, consider eliminating “collision” or “comprehensive” coverage, which pays for damage to or theft of your car.
  • Insure more than one car with the same company, and you may be eligible for savings.
  • Insure your car and home with the same company. You could save money if you have more than one type of policy with the same insurance company (for example, an auto policy and a homeowner’s policy). The more good business you give the company, the more valuable you are as a customer.
  • Look for low-mileage discounts if you car pool or do not put a lot of miles on your car annually.
  • Check for student discounts such as a good student credit for maintaining a B average, or if a driver in your household is living away at school and not driving as much.
  • Buy a safer car that will cost less to repair and less to insure. Check crash-test reports, repair records and manufacturer recalls of any car you are considering.  A consumer protection magazine can be very useful or check car sites on the Internet.

Save Money on Car Insurance

Call us now to find out how: 888-913-6988

Get a quote

We are one of Florida's leading Family Owner and Operated Insurance Agencies - Established in 2006

LNC INSURANCE PROVIDERS is an independent insurance agency offering a full range of insurance products including AUTO, HOME, COMMERCIAL, BOAT, MOTORCYCLE, ETC. We are a five star rated insurance agency on Google!    

Save Money on your Florida Homeowners Insurance

Florida Homeowners Insurance No Comments

LNC INSURANCE PROVIDERS Offers Tips to Help You Save on Homeowners Insurance

The following tips are the top 10 ways to save money on your Florida Homeowners Insurance.

FLORIDA - Purchasing the Florida Homeowners Insurance that is right for you and your home can be confusing, especially for first-time buyers. By learning the basics on how to get the most for your money, you can save on your homeowners insurance and feel confident you have adequate coverage. LNC INSURANCE PROVIERS a leading insurance agency of homeowners and auto insurance in Florida offers these tips to lead you in the right direction when you purchase your homeowners insurance.

  • Shop around. In addition to considering friends, family, the phone book or the Internet as possible sources to find homeowners insurance, consult with an independent insurance agent. Look for a wide range of prices from several companies. Remember, you get what you pay for, so look for not only a fair price but excellent service as well. Check a company’s financial rating with A.M. Best or Standard & Poor’s.
  • Raise your deductible. Companies generally have deductibles (what you pay before your insurance policy kicks in) starting at $250. By choosing a higher deductible ($500, $750, $1,000 or higher), you’ll have lower annual premium payments.
  • Consider how much insuring a new home will be. The age of your home may qualify you for savings because plumbing, heating and electrical systems of newer homes have lower risks than outdated systems.  Construction of the home (brick versus wooden frame) can affect your cost as well, depending on your home’s location.  Also, if you live near your local fire department, your homeowners rates might be lower than if you are many miles away.
  • Insure your home, not your land. Since homeowners policies don’t provide protection for your land, it would be a waste of money to include its value as part of your dwelling coverage, which should only reflect the price it would cost to repair or replace your home’s structure.
  • Insure your car and home with the same company. You can save money if you have more than one type of policy with the same insurance company. The more good business you give the company, the more valuable you are as a customer.
  • Improve home security and safety. If your home has certain types of fire alarms, burglar alarms, locks, or smoke detectors, you’ve reduced your risk and may qualify for a credit.
  • Look for senior discounts. If you are at least 55 years old and retired, your insurance company may offer you a discount. Retirees often spend more time at home and are more likely to spot trouble and prevent a loss.
  • Look for group coverage. Many insurance companies offer discounts to groups such as alumni or business associations. Check with your association director or employer to see if they offer a plan.
  • Stay with one insurer. If you keep your coverage under one insurer for several years, you may be offered a discount from the company. The longer you are a customer, the more money you will likely end up saving.
  • Compare the limits in your policy to the value of your possessions at least once a year.  If you make any major purchases or additions, you want to ensure they will be covered, but you do not want to spend more than is necessary.

Save Money on Homeowner's Insurance

Call us now to find out how: 888-913-6988

Get a quote

We are one of Florida's leading Family Owner and Operated Insurance Agencies - Established in 2006

LNC INSURANCE PROVIDERS is an independent insurance agency offering a full range of insurance products including AUTO, HOME, COMMERCIAL, BOAT, MOTORCYCLE, ETC. We are a five star rated insurance agency on Google! For more information, you might want to read our article on the difference between a condo and a homeowners insurance, and for this article on how to choose the best homeowners insurance.  

Spring Maintenance Tips to Protect Your Home

Florida Homeowner's Insurance No Comments
Tips on how to lower your homeowners insurance costs

LNC INSURANCE PROVIDERS Offers Spring Maintenance Tips to Protect Your Home

Following these simple steps can even, in some cases, lower your homeowner's insurance premiums

FLORIDA - A home is one of life's most important investments. Keeping it properly maintained can help reduce the risk of a loss and help ensure the safety and well being of friends and family. Just in time for spring, LNC INSURANCE PROVIDERS, a leading insurance agency of auto and homeowners and commercial insurance, offer these maintenance tips to prepare your home for warmer weather and to keep it safe year-round:

  • Inspect your smoke detectors. Make sure that there is one on each floor of your home. Test them and change the batteries at least every six months, when you change your clocks.
  • Check the light bulbs in all your fixtures to be sure that they are the correct wattage as recommended by the manufacturer.
  • Replace lamps that use high-producing bulbs (such as halogen) with those that use fluorescent bulbs and operate at much cooler temperatures.
  • Check your electrical outlets for potential fire hazards such as frayed wires or loose-fitting plugs. Be sure not to overload electrical outlets, fuse boxes, extension cords or any other power source.
  • Keep a multi-purpose fire extinguisher accessible that is filled and ready for operation.
  • Have your air conditioning system inspected by a professional as recommended by the manufacturer.
  • Check for damage to your roof, and clean gutters and downspouts to keep debris from accumulating.
  • Check your water heater for leaks and corrosion, and keep surrounding area clear.
  • Clean and/or replace your furnace filter.
  • Clean the clothes dryer exhaust duct and space under the dryer. Remove all lint, dust, and pieces of material or cloth.
  • Inspect washing machine hoses and replace hoses that show signs of wear or leakage with stronger reinforced hoses. Turn off the water when not in use to prevent water damage if a hose breaks.
  • In your yard, remove all dead trees and keep healthy trees and bushes trimmed and away from utility wires. Do not attempt to remove tree limbs from power lines yourself.  Instead, call your power company to request assistance.
  • Safely store oil and gas for lawn equipment and tools in a vented, secured area.
  • Repair driveway and walkways that are cracked, broken or uneven to provide a level walking surface.

Save Money on Homeowner's Insurance

Call us now to find out how: 888-913-6988

Get a quote

Established in 2006

LNC INSURANCE PROVIDERS is an independent insurance agency offering a full range of insurance products including AUTO, HOME, COMMERCIAL,, BOAT, MOTORCYCLE, ETC.  

Boat & Yacht Insurance Discounts in Florida

Florida Boat Insurance No Comments
Hybrid Boat Insurance Discounts

LNC INSURANCE PROVIDERS Now Offers the first Boat Insurance Discounts in Florida for Hybrid Boats & Yachts

Innovative boats need innovative insurance –  LNC INSURANCE PROVIDERS offers up to 30 percent discount* for hybrid vessels.

FLORIDA - LNC INSURANCE PROVIDERS are staying in-sync with boaters by today announcing an innovative, industry-first discount of up to 30 percent on hybrid boat and yacht insurance.

Now, more than ever, boaters are looking for ways to improve fuel economy and reduce their impact on the environment without sacrificing speed. As a result, hybrid powered boats are starting to enter the market.

First Hybrid Boat & Yacht Insurance Discount

Call us now for up to 30 % discount

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Earn up to 30 pc Discount on a Hybrid Boat or Yacht Insurance

The marine industry has responded to consumer demands for efficiency with new technology and hybrid powerboats fully capable of delivering the performance most boaters expect. Hybrid boats allow the operator to utilize electric propulsion at low speeds to minimize or eliminate emissions and fuel consumption. However, hybrid powered boats can generate the horsepower needed to reach higher speeds with the internal combustion engine. “The marine industry has delivered hybrid powered vessels that use the latest, state-of-the-art technology while reducing fuel consumption,” said LIZ FERNANDEZ, President for LNC INSURANCE PROVIDERS. LNC INSURANCE PROVIDERS, closely follow the newest developments in boating to meet our customers needs with the best marine insurance products and services.

A Reward for Caring

Recently, various highly regarded manufacturers in the marine industry have introduced their versions of hybrid boats to the marketplace. The Hinckley Company offers a hybrid power option for customers interested in its DS42 model, Scout Boats launched a hybrid model in late 2007, Frauscher Bootswerft introduced its hybrid to the United States in May 2008 and the Island Pilot DSe Hybrid will make its debut at the 2008 Fort Lauderdale Boat Show. Steyr Motors, which powers the Frauscher vessels, markets its hybrid engine as the “world’s first serial hybrid propulsion system for pleasure boats.” In addition, other large production manufacturers are reportedly researching hybrid propulsion and developing prototypes to include in their lineup of boats.

Discounts for Hybrid Boats

A hybrid boat is specifically designed to reduce greenhouse gas emissions and to conserve fossil fuels in comparison to the typical gasoline or diesel only powered boats. LNC INSURANCE PROVIDERS defines a hybrid boat as one that utilizes an integrated propulsion system that incorporates both an internal combustion engine and an electric motor in its original design. In this system, forward propulsion can be accomplished with the use of the electric motor with or without the use of the internal combustion engine. Established in 2006, LNC INSURANCE PROVIDERS is an independent insurance agency offering a full range of insurance products including  AUTO, HOME, CONDO, COMMERCIAL, ETC.

First Hybrid Boat & Yacht Insurance Discount

Call us now for up to 30 % discount

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Florida Commercial Insurance Coverage And The Various Steps Business Owners Should Consider

Commercial Insurance No Comments
Florida Contractor's Commercial Insurance

What falls under the scope of Florida Commercial Insurance?

 
There is more to Florida Commercial Insurance than merely ensuring that any commercial vehicle you operate in Florida is fully covered and insured. As such, we, at LNC Insurance Providers make a distinction between Commercial Insurance and Commercial Auto Insurance and work with A1 rated insurance companies to provide commercial coverage for the following products:

  • Truck insurance
  • Two truck insurance
  • Van insurance
  • Box truck insurance
  • Dump truck insurance
  • General liability insurance
  • Workers comp insurance
  • Contractors insurance
  • Business owner’s policy
  • Professional liability insurance

If you are reading this article, then you already know that being a business owner presents a range of challenges that can make or break a company. A lack of preparedness, namely a lack of a plan to acquire adequate insurance coverage for your business investment can indeed be one of many factors that could cause your business, any business to fail.

To that end, reaching out to the experts in Florida for Commercial Insurance Products could be the first and most important steps you can take right now to ensure that your company is properly and adequately protected.

Let's Talk About Commercial Insurance in Florida

Call us now and find out what you need to know.

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What constitutes the right kind of Commercial Auto Insurance in Florida?

If you need to insure a fleet of vehicles, trucks or vans, we can write policies that will offer protection against liabilities for property damage and bodily insurance.

LNC Insurance Providers recommendation include physical damage and liability protection under a sound policy coverage particularly when certain circumstances may present situations where a personal auto policy coverage may not be sufficient.

What about General liability insurance in Florida

It is important to remember that under Florida state law, a Florida general liability insurance is indeed required for most business owners. Such policy coverage is designed to protect FL business owners from direct and indirect damages to other parties. The right liability insurance will help business owners pay for damages when they are caused by the action of your business, and or business representatives. A Florida general liability coverage will provide payment towards property damage and or personal injuries even when those affected involve visitors, customers, and or sub-contractors. Call us today and let us walk you through your options, including the various levels of insurance deductibles and policy limits.

Do you really need Workers comp insurance in Florida?

Certain types of industries do require employers to provide workers comp insurance. For example, in Florida, construction companies with one or more employees are required to provide worker’s compensation insurance to their employees.  Florida Farmers must also carry coverage when they employ five and more workers. Florida has specific requirements as to the types of legal entity in need of insurance coverage. There are differences for example between sole proprietorships who would be typically unable to receive compensation benefits under a policy that is issued to the sole proprietor and businesses established as parnethership.

Florida workers compensation insurance falls under a complex set of guidelines and we highly recommend you call us for more information.

[su_note]Questions about Commercial Insurance in Florida? Let Liz and her team of experts give you the answer that matters.[/su_note]

Florida Contractors Insurance

If you operate a Contractor's business in the state of Florida, then you know that irrespective of the types of services you and your employees provide to your local community, the failure to have adequate insurance protection could be catastrophic for your business. Accidents, human errors and other unfortunate incidents can have a devastating effect on contractors who do no carry a Florida Contractor's Insurance.

What about independent sub-contractors? It is important to realize that every 1099 contractors in Florida need adequate liability coverage even if they work for a company who is already covered.  Indeed, enterprising lawyers are known to go layer by layer in search of the one source that will provide their clients the most compensation.  It may be that the company you contract for will be the one targeted, but there are circumstances where you too might the subject of such an inquiry.

Here are a the independent sub-contractors we provide coverage for:

  1. Electricians
  2. Plumbers
  3. Roofers
  4. Masons
  5. Mechanics
  6. Carpenters

 

[su_note]Questions about Commercial Insurance in Florida? Let Liz and her team of experts give you the answer that matters.[/su_note]

Florida Business Owners Package (BOP) Policy

Over the past few years, businesses have come under increasing pressure to trim their running expenses in order to stay afloat. Companies can look for savings in a variety of ways and unfortunately, sometimes may decide to take a gamble on the inherent foundation of their business investment: Florida BOP Insurance

Protection you cannot afford to be without. In an ideal world, businesses would never have to rely on insurance coverage for expenses, liabilities and claims caused by the actions of themselves or those of the people they employ or even service.  The sad truth is that accidents do happen and sometimes these accidents may be so severe that the entire premise of a business survival may in the balance. A Florida BOP acts as a protection in case of such accidents and may be the difference between a business that survive a particular challenge and one that doesn't because of the luck of insurance.

[su_note]Questions about Commercial Insurance in Florida? Let Liz and her team of experts give you the answer that matters.[/su_note]

What is the difference between a condo & homeowners insurance

FAQs | Homeowners Insurance No Comments

Condo vs. Homeowners Insurance

Let's put it this way.  Purchasing a home is one the most exciting things most people will ever get to do during their life time. Whether your new piece of heaven on this earth is coming in the form of a house or a condo doesn't change the excitement and thrill of finally moving into a place you finally own. Even if for a while, your lending bank will be the one as the principal of that deed of yours, the emotion is still the same.

Owing a home brings with it its own sets of responsibilities and one thing we get asked a lot, here at LNC Insurance Providers agency is:

Is there really a difference between a house and a condo in terms of insurance?

The short answer to that question is that yes but before we get to the nitti gritty of it all, please make sure to read all about Florida Homeowner's Insurance, and that to do about break-ins. You might also want to familiarize yourself with what to look for when choosing the best homeowners insurance.

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We tell you what to look for in a condo insurance

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Condos vs Houses: What sets one insurance coverage type from the other?

If you own a house, then that means that you are usually responsible for both the outside and the inside of your home. What that really means is that you will need to plan for two types of coverage:

  1. One for the building of the house. Walls, windows, doors, roofs, garden shed, driveway etc...  Anything that you "see from the outside" as you look at your house.
  2. Homeowner's insurance which takes care of the belongings you put inside your house.

A condo, on the other hand is a property that is part and parcel of a number of other properties which all fall under the responsibility of a condo association (HOA). In these types of development, owners share common areas and pay a monthly fee to their associations which typically ensures the outside of all the building within that community.

  1. If you own a condo, you are thus not required to purchase any insurance that would cover structural damages to the building in which your condo was built.
  2. You are however responsible for what is inside of you home which means homeowners insurance.

Differences:

If you own a house and someone falls in your garden, slips by the pool etc... you would need enough liability coverage to ensure that these types of eventualities are covered since they would fall under what is assumed as being your responsibility as a home owner.

If you own a condo and a situation described above happens outside of your condo, then you would be held responsible.

Similarities:

Insuring personal belongings is the same whether you live in a house or a condo. Such protection would cover electronics, jewelry, furniture, clothing and any movable object with the confines of your home's walls.

What you need to do:

You'll need to make sure that you have enough protection to cover as much as possible of the total value of your belongings. Make sure you take a home inventory of everything you own inside your home and keep it in a safe place.  You might want to share it with your insurance agent to make sure you have enough coverage for all your stuff.

How Do I Choose The Best Homeowners Insurance?

FAQs | Homeowners Insurance No Comments

New Home Owners Rarely Think About Homeowner's Insurance

We see it all the time. It's taken months of preparation, pounds upon pounds of paper work, endless back and fort email exchange and finally, you get the phone call. Your loan has been approved, closing is next week!

If you're a new home owner, then you know exactly what I mean! Applying for a mortgage can be one of the most stressful things people ever do in their lifetime.  The process takes its toll on everyone, and you've felt just about all the emotions under the sun. Elation, hope, despair, discouragement, hope again...  And then one day, you're finally there. Congratulations, you've made.  You're about to enter the circle of home owners. All there's left to do is sign a tons of papers. And as you sit in that conference room, all you can think about is getting out of there, and finally, finally go home.

It's taken you months of hard work and during all this time the thought that you might need homeowners insurance rarely entered your mind.

If hasn't, don't feel bad.  You're not the only one. So many new homeowners take possession of their new home without a plan in place should something happen.

We have a lot of pertinent information about what you need to know about Florida Homeowner's Insurance.  Want to know if your insurance covers you in case of break-ins?

Get a Homeowners Insurance Quote

Quality coverage is what counts. LNC Insurance Providers can help you make the right choice

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Most lenders require that you have insurance

In all likelihood, your loan would not have been approved without it. Mortgage companies typically ask for proof of coverage before funding or refinancing your home. It's a safety precaution as the lenders want to make sure that the financial investment they're about to make are secure. The amounts placed as replacement values typically cover the physical structure of a home. In other words, how much would it cost to re-build it. But what about your belongings. Would they be covered under the umbrella of your building coverage? Not necessarily. For that you might need to look into a homeowners insurance policy.

What to look for when you shop for homeowners insurance?

  • Insure your home for its replacement value.
    Cost of construction materials do not stay fix and in most cases, go up with each passing year. In addition, take into consideration inflation.
  • Make sure you are aware of previous claims made on the property you now own.
  • Ask your insurance agent about the various options available to you.
  • Understand what your insurance policy covers.
  • Be aware that location is everything. Depending on where you live, your premium might have a 5% to 15% fluctuation in costs.
  • Include additional living expenses in your insurance policy.

Your home is probably going to be the largest investment you'll ever make in your life. Make sure you are fully protected and don't hesitate to call us for advice. We'd be only too pleased to help you find the best homeowners insurance

 

Six Steps to a Better Florida Boat Insurance Policy

Florida No Comments

Why Having The Right Boat Insurance Can Give You Back Your Sanity

Everybody loves Florida. And if you own a boat, you quite possibly love the sunshine state even more. Boats are the gateway to endless hours of fun filled hours, spent rolling up and down our great state's shores. For some of us, owning a boat is one of the reasons we live in Florida, even though, as boat owners, we know all about the challenges we sometime have to face. The good news is that having the right Florida Boat Insurance policy can go a long way in ensuring our peace of mind.

If you own a boat, or are planning to acquire one, here are a few points worth bearing in mind:

  • Florida is frequently affected by hurricanes. For that reason, some underwriters might require that you move your boat away from the hurricane landing zone, even if that means moving it out of state.
  • The size and value of your boat may play a role as to whether a limit is set by some insurance companies
  • If you travel to Bahamas with your boat, you may be in luck as some companies include Bahamas in their coverage
  • Some companies will not ensure boats if they are 20 years old or more
  • Capsized catamarans that are not easily righted may not be covered
  • It is cheaper to ensure a sailboat then a speedboat
  • Some companies will require that be a resident of Florida as they want to ensure that you do not fall into the category of absentee owner.
  • Separate windstorm deductible are sometimes put in place

Find out how you can too can protect your boat

The right boat insurance can make a real difference. Make sure yours is not a time bomb

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1) No, your homeowners insurance policy does not extend to your boat.

It's a question that is often asked by new boat owners:

Is my boat covered under my existing homeowner's policy?

It is not an unreasonable question because, in some cases, some homeowners policies will include coverage for very small boats, preferably without an engine. A small sailboat for example that you take to your local lake, or a really small boat under $10.000 might be covered, but that's about it. Anything over ten thousand dollars and you will need a separate policy.

Just like you need separate coverage for you car, so you will need separate coverage for your boat

[spacer height="20px"]2) Is a boat insurance policy the same as a car insurance policy?

Yes and no. Yes, because just like for a car, a Florida boat insurance covers things like:

  • Bodily injury inflicted on others
  • Property damage (docks, other boats)

You can also purchase coverage against:

  • Theft
  • Vandalism
  • Flood and fire
  • Personal property coverage for your fishing equipment
  • Uninsured boater insurance
  • Tow assistance.

No, because unlike car policies, it is possible to suspend, or lay up coverage for specific periods. For example, you might decide that you will be unlikely to use your boat during the month of December (particularly if it is stored in a dry and covered storage facility) and suspend your coverage during that period.  Just make sure you don't take your boat out on a December sunny day, only to run into situation during which you might discover that you coverage is suspended.

[spacer height="20px"]3) How do you keep the cost down?

Your shiny new boat cost you a fair chunk of your savings but the moment you take it out for a spin, it starts depreciating.

Boat insurance companies have the option of an "agreed value" (sticker price) as opposed to the "market value". This means that with an "agreed value" any coverage amount paid by the insurance company will not exceed that agreed value. This option is better than the market value, which takes into consideration the full value of depreciation. In other words, a boat bought today will have a different market value 5 years down the line.

[spacer height="20px"]4) How do you keep the cost down?

Your shiny new boat cost you a fair chunk of your savings but the moment you take it out for a spin, it starts depreciating.

Boat insurance companies have the option of an "agreed value" (sticker price) as opposed to the "market value". This means that with an "agreed value" any coverage amount paid by the insurance company will not exceed that agreed value. This option is better than the market value, which takes into consideration the full value of depreciation. In other words, a boat bought today will have a different market value 5 years down the line.

[spacer height="20px"]5) Is there a discount if I keep my boat out of the water

The short answer to this is yes but with the following caveat. If your tow your boat, then the auto policy will most likely cover damages in the event of an accident. Like backing up into someone else's car. Or property.

[su_note]Questions about Florida Car Insurance? Let Liz and her team of experts give you the answer that matters.[/su_note]
Based on the above assumption, it is crucial to make the following clarifications:

  1. Your auto policy only covers the limits contained theirin
  2. Your homeowners insurance will cover some of the damages incurred if you boat is parked on your property and may, or may not include theft or vandalism
  3. Your boat insurance does not extend to situations when your boat is being transported on land
    Now, here is the bad news.

[spacer height="20px"]6) Consider an umbrella policy

An addition to both your homeowners and car insurance policy, and umbrella policy will extend the limitations as discussed above and provide additional coverage, like personal injuries.

Navigational restrictions: Having a boat may give you the freedom to go anywhere, and if your boat is large enough that you can take it beyond the immediate shore line of Florida, be aware that most policies will contain a navigational warranty. In other words, your policy may not cover the areas you wish to navigate to.

[spacer height="20px"]Final Thoughts

Owning a boat can be a lot of fun but with it comes specific responsibilities. Shopping for the right boat insurance coverage can be overwhelming due to the complexity of this particular insurance field. Make sure you talk to a real expert. If you haven't bought the ship of your dreams yet, ask questions. Be specific. Your agent will be able to recommend a coverage policy that will meet your needs.

Be smart, listen to the advice of your agent. If you're new to boating, take a boating class and become a better, safer and well trained boater. A boating class may even qualify you for discount.

Above all, stay safe and enjoy.

Importance of Retail Store Insurance: How to Find the BEST Insurance Policy?

Florida No Comments

Florida Business Insurance

Do you own a retail store or shop of your own? Then you must have a retail store insurance for that too. If you do not have, then you need to work on it fast. There are so many risks that your retail store can go through. In order to protect your store from all those risks and dangers, you must have a proper insurance coverage for the store. It is always better to work on improving your business more and more. The insurance policy for a retail store acts like a risk management tool to cover the losses and damages caused. By paying relatively smaller amount as premium to the insurance company, you can protect your retail store against a significant financial loss and the possibility of the store going bankrupt.

Protect your store

Your store is your livelihood. Don't leave its protection to chance.

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What Are The Major Risks Faced By Retail Store?

Owning a retail store is a great thing but with that comes bigger responsibilities too. Of course, your retail store is open to many customers and also there are some employees who work over there. Hence, there are also some risks associated with this. It can be man-made as well as natural too. Some of the common risks that a retail store may face are:

  • Physical damages by nature: This can happen anytime and anywhere due to many reasons. Specially In Florida where hurricanes historically affect the state every year.
  • Man-made damages: There can be a huge risk of fire damage in your retail store which can cause significant destruction. Of course vandalism and theft are a huge problems for retail stores. Theft cost retailers $32 billion a year.
  • Bodily injuries: Accidents can happen anywhere and anytime, be it customer or employee. If any of your customers get injured while visiting the store, the business may have to pay for the medical treatment.
  • Sleep and Fall claims file against retailers are on the increase. Not only it can very costly to settle with the client but the cost of hiring a competent attorney is about $75,000.

In order to cover all these risks, there are some insurance policies especially for retail store. These policies can provide coverage for all the losses and damages caused by the risks mentioned above. Simply put a $50,000 or $100,000 loss will put many retail stores out of business. You cant risk your business and the lively hood of your family by choosing not to purchase this protection.

How Costly Can These Risks Be For Your Business?

One of the most important steps to avoid these losses is to have a proper retail store insurance policy that will cover all the probable damages that can be caused to your store. Simply put a $50,000 or $100,000 loss will put many retail stores out of business. You can't risk your business and the lively hood of your family by choosing not to purchase this protection.

Steps To Lower Your Insurance Premium

The insurance premium for retail stores does not have to be expensive. When you talk to an commercial insurance agent at L and C insurance provider we go through steps to help and lower your premium. Here are some of the essential steps for you to take in order to save you money

  1. Remove unneeded or overlapping coverage.
    Make sure the coverage is up to date. There are often some unneeded coverages included in the policy which are not needed but still it adds to the premium.  All retail stores are not the same, coverage should be tailor to your specific needs.
  2. Research to find the best deal.
    There are many insurance companies in the market that provides the best insurance policy at a much lower rate than others. Of course, you have to do a bit of researches before you end up with them.  Let us at L and C insurance help on that research by obtaining 14 Different store insurance quotes.  We only work with Rated A+ insurance companies
  3. Ask for a list of the discounts.
    Often when you talk with the agent, you can ask for discounts. These discounts can help you to reduce your insurance premium. But are you reviewing the quote provided to make sure the discounts are listed. There are 10 major discounts available to retail stores. Make sure that all of the ones applicable to your store are included.
  4. Pay the entire premium upfront.
    Generally the premiums for the insurance are paid monthly. But if you pay your entire premium upfront, then you can get savings on average of 20%. This can be a great benefit for you to lower your insurance premium for the retail store.

Insurance is one of the things people think they can do without... Until they need it. Don't make the mistake of underestimating the cost of poor or even worse, no insurance coverage. At LNC Insurance Providers, we specialize in providing tailor made services to customers throughout Florida.

We pride ourselves in excellence and always go the extra step. Whether you need a personal insurance or protection for your place of business, we want to help.

Conclusion

Thus, it is evident that having a retail store insurance is very much important for your business. Weather, crime and accidents cannot be predicted and thus damages can happen anytime. You can at least be at complete peace of mind if you know that your retail store is completely insured. So, make sure to take a quick action and let the agents at L and C insurance help you save time and money on your store insurance.