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Coastal Premier Insurance Group, Inc.

902 Clint Moore Rd. Suite 132
Boca Raton, FL 33487

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Will Home Insurance Help When Someone Is Injured on My Property?

It’s a sad reality that accidents happen, even on your own Boca Raton, FL property. Will your home insurance policy cover the medical expenses if someone is injured on your property? It may, depending on the situation. Here’s what you need to know about home insurance and medical coverage from Coastal Premier Insurance Group.

What is personal liability insurance?

Personal liability insurance is insurance that protects an individual from being held liable for damages arising from accidents or injuries that they cause. This type of insurance can help save a person’s assets, such as their home or savings, from being seized if they are sued and found liable for damages. It can also help cover legal defense costs if a person is sued.

Will my home insurance cover me when someone is hurt on my property?

If someone is injured on your property, your home insurance policy may help cover their medical expenses and any property damage resulting from the accident. Most home insurance policies include personal liability coverage, which can help protect you financially if you’re sued for damages after someone is injured on your property.

Is personal liability insurance required for homeowners?

Personal liability insurance is not required for homeowners, but it is recommended. Also, if you have a mortgage, the lender may require you to purchase home insurance as part of your loan agreement.

Coastal Premier Insurance Group, based in Boca Raton, FL, offers homeowners insurance policies that protect your home, belongings, and family. We offer various coverage options to meet your needs, and our experienced team is here to help you choose the right policy for your situation. Please contact us today to learn more about our home insurance options.

Required Commercial Insurance for Florida Businesses

If you own a business in Florida, it’s essential to protect that business with suitable insurance. Some of these insurance types are mandated for certain companies in the state, while others can be beneficial but aren’t required. If you want to keep your business protected and operating within the law, call us at Coastal Premier Insurance Group in Boca Raton, FL.

Workers’ Compensation Insurance 

This is a significant type of insurance that some Florida businesses are required to have. This insurance pays for the medical bills of employees who get injured on the job. This insurance is critical to have because medical bills can cost so much. In Florida, this insurance also pays partial wages to employees as they recover. When you have a business within the state that has at least four employees, this insurance is required for you. Those four employees can be part-time or full-time. An exception is construction businesses. They must have this insurance type for all employees, no matter how many. Even if this insurance isn’t required for you because you have fewer than four employees, it’s a good idea to get it to protect yourself. 

Commercial Auto Insurance

Businesses in Florida also have to have commercial auto insurance when they own a vehicle. This insurance must have two types of coverage in the policy. This includes property damage liability and personal injury protection. The amount of the required coverage is so low. However, it’s a good idea to raise the amount you get for better protection for your business. If you own a trucking company, you may have other insurance requirements. 

Get Your Commercial Insurance Coverage

Make sure your Florida business has the protection it needs. Call us at Coastal Premier Insurance Group in Boca Raton, FL.

Why your Florida business shouldn’t be without umbrella insurance!

If you own a business in the greater Boca Raton, FL area, turn to the Coastal Premier Insurance Group team for all your commercial insurance needs. We are here to help local businesses protect their hard work and dedication!

Why umbrella insurance is essential for many companies

As a company grows, its insurance needs will likely change. And, the more successful and active a business is, the more likely liability protection needs will increase. An umbrella policy is an intelligent addition to a growing business’s insurance portfolio because it provides that additional liability protection. 

A primary policy has limits on the amount of liability coverage that they offer. This means that once that threshold is met, the company can be directly liable in case of lawsuits or other damages. And depending on the organizational structure of the firm, owners can, in some cases, be held personally responsible.

Growing companies and their leadership teams have a lot to focus on. Reviewing commercial insurance policies can sometimes fall near the bottom of the priority list. While this is understandable behavior, it can put the company at risk of financial liability.

Proactively obtaining an umbrella policy is an effective way to ensure the company is protected. Umbrella insurance is an effective tool in every business’s toolbox. Now is a great time to learn more.

We look forward to working with you.

Coastal Premier Insurance Group is here to serve the Boca Raton, FL business community’s insurance needs. If it’s time to review your company’s insurance to ensure that it provides all the coverage you need, we can help. Contact our office today and schedule a consultation.

Does Florida Home Insurance Cover Hurricanes?

Due to its tropical location, Florida is prone to hurricanes during the summer and fall. Some of these could be so severe that they cause excessive damage to your home. So, is your Boca Raton residence covered for hurricanes?

Hurricane Coverage

The Coastal Premier Insurance Group states that your standard home insurance policy covers hurricane-related damage. Also, while some states ask homeowners to purchase a separate windstorm policy, Florida incorporates this liability into the hurricane coverage. 

No matter if you live in Boca Raton, FL, or somewhere in the state’s center, hurricane coverage is mandatory. Financers won’t approve your mortgage unless you add the minimum liability to your home insurance. 

What is Covered

Hurricane insurance covers reimbursement for damage to your property, structures like tool sheds, and personal property like furniture, electronics, and jewelry. Additionally, it pays for living expenses if you temporarily move to another location while repairs commence on your home.

Weather-wise, hurricane insurance handles issues directly related to its landfall. These include damage due to gusty winds, rain, hail, lightning, and tornadoes.

What Isn’t Covered

Unfortunately, hurricane insurance doesn’t cover a common condition that causes significant property damage: flooding. The condition results from coastal storm surges and when tributaries overflow their banks. The best way to prepare for these conditions is with a separate flood insurance policy. Again, mortgage companies won’t approve a sale if you don’t purchase this protection for a home in a flood-prone area.

There are several factors to sort out regarding Florida home insurance, especially when you come from an area not used to hurricanes. If you need help sorting it out, contact a Coastal Premier Insurance Group representative for more details. 

What Are the Different Types of Commercial Insurance?

Commercial insurance is a type of insurance that is designed to protect businesses from financial losses. There are many different commercial insurance types, each one serving a different purpose. In this blog post, we’ll discuss the different types of commercial insurance and explain what they cover.

General Liability Insurance

General liability insurance covers your business if you are sued for negligence. For example, say you own a restaurant and someone slips and falls on your property. If they sue you for negligence, your general liability insurance will cover the costs of their medical bills and any legal fees you incur.

Property Insurance

This type of insurance covers your business property in the event of damage or theft. For example, let’s say you own a retail store, and a storm damages your storefront. If you have property insurance from a reputable company such as Coastal Premier Insurance Group, it’ll cover the cost of repairs.

Commercial Auto Insurance

This type of insurance covers your business vehicles in the event of an accident. For example, let’s say you own a delivery company, and one of your drivers gets into an accident. Your commercial auto insurance will cover the cost of repairs to the vehicle, as well as any medical bills for the driver.

Workers’ Compensation Insurance

This type of insurance covers your employees if they’re injured on the job. For example, let’s say you own a construction company and one of your workers falls off a ladder and breaks their leg. Your workers’ compensation insurance will cover their medical bills and lost wages.

Professional Liability Insurance

This type of insurance covers your business if you are sued for professional negligence. For example, let’s say you own an accounting firm in Boca Raton, FL, and one of your clients accuses you of errors that cost them money. Your professional liability insurance will cover the costs of your legal defense.

Types of Commercial Insurance

These are just a few of the different types of commercial insurance. When choosing a policy, it’s essential to consider the needs of your business.

If you’re looking for a Boca Raton, FL, commercial insurance policy, Coastal Premier Insurance Group can help. We offer a variety of policies that can be customized to meet the needs of your business. Contact us today to get started.

Umbrella Insurance Covers You for More Security

If you’re looking for security for your family’s future and you’re in the Boca Raton, FL area, Coastal Premier Insurance Group can help. We understand that you may be looking for coverage and policies that can give you value and peace of mind. With life insurance, you want to be sure you’ve covered everything important to you and everything that will keep your family secure if you pass away. That can help you feel more confident and reduce the worries your loved ones have, as well.

There’s no reason to settle for less than that when you have people who can help you get the policies you need. By working with a trusted insurance agent, you can ask any questions about your type and level of insurance coverage. Our knowledgeable agents are here to give you information about all policy options, allowing you to make the right choice for your needs. Then we can work with you on adjusting your policy if your circumstances change in the future.

That’s an excellent way to ensure you have the coverage and protection you need and the support your family will be looking for if they face a difficult time. Insurance agents are committed to providing help and information to anyone looking for the right policy. All types of policies are important, but life policies are especially significant since they create protection for the loved ones of the person who owns the policy.

Contact us at Coastal Premier Insurance Group today if you’re in the Boca Raton, FL area and looking for a life insurance policy. We can give you the knowledge and information you’re looking for, so you can choose a policy with confidence and protect the future of your loved ones.

When Is It Time To Change Your Home Insurance

Your home is likely one of your most valuable possessions. It’s thus important to make sure you have the right home insurance in case something happens to it. But when is it time to change your policy? Coastal Premier Insurance Group in Boca Raton, FL offers you this guide on a few signs that it might be time for a change. 

When Is It Time To Change Your Home Insurance

1. If You’ve Made Significant Improvements or Additions to Your Home

If you’ve recently added a new room, installed a pool, or made other major changes to your home, you may need to update your policy. This is because such changes can increase the value of your home, therefore, the amount of coverage you need. If you don’t update your policy, you could end up being underinsured and having to pay out of pocket if something happens to your home.

2. If Your Policy Coverage Lapses or Is Cancelled

When your home insurance policy lapses or is canceled, you may need to find a new policy. If you miss a payment or your insurer decides to non-renew your policy, this can happen. Non-renewal can occur for various reasons, such as making too many claims or having a high risk of making a future claim.

3. When You Purchase Big-Ticket Items

Your home insurance policy may not provide enough coverage to protect your expensive belongings, such as jewelry or high-end electronics. So, if you purchase big-ticket items, it’s good to work with an agent to find a new policy that can offer better protection for those items.

4. When You Add a Security System

Having a security system can reduce your risk of burglary or vandalism, so it may be worth looking into upgrading your home insurance coverage to reflect this. Many insurers offer discounts for homes with security systems, so this is definitely something you’ll want to consider when evaluating your policy options.

Coastal Premier Insurance Group in Boca Raton, FL can help you find the right home insurance policy for your needs. If you’re unsure whether it’s time to change your policy, our agents can review your coverage and make recommendations. Give us a call today to get started!

 

Who needs to have a commercial insurance plan in Florida?

Those looking for an exciting professional opportunity in Florida should consider opening their own business. Businesses that operate in the Boca Raton, FL area need to ensure that they continue to have the proper insurance to maximize these opportunities. There are various situations when a business needs to have a commercial insurance policy in this area. 

Businesses Need Insurance to Protect Organization

A primary reason a business will need to have commercial coverage when in this part of Florida is to protect their organization adequately. Any business today needs to ensure they are protected against the various risks they face daily. Having the right insurance plan can help protect a company’s assets and provide liability support. 

Insurance is an Obligation

Businesses also need to get insurance as it is likely an obligation. If you invest in your own business, you will eventually need to raise capital, take out a loan, lease business space, or enter into contracts with vendors and customers. In practically any situation, you will have to maintain the right commercial insurance to stay in good standing with these requirements. Investing in a quality plan will help you remain in compliance. 

Having a proper commercial insurance plan in the Boca Raton, FL area is very beneficial. When you are ready to start looking for a new insurance plan in this area, it would be good to begin your search by calling the professionals with the Coastal Premier Insurance Group. There are a lot of choices that need to be made when looking for this coverage, and Coastal Premier Insurance Group can help you assess your options and choose an ideal plan.

Who should invest in umbrella insurance?

Many people may be unaware or unclear of what umbrella insurance is and what it does. However, its benefits may create peace of mind if it makes sense to invest in this form of insurance. Our team at Coastal Premier Insurance Group is committed to helping Boca Raton, FL residents understand this insurance and its benefits. 

What is Umbrella Insurance?
Umbrella insurance is simply a second insurance policy designed to provide coverage once the maximum limits have been exhausted on your primary insurance policy. It’s designed to provide liability and protection against unforeseen events, like property damage, injury, and even legal situations.

Who Should Invest in Umbrella Insurance?
If you have significant assets that you want to protect, umbrella insurance may be a good option for you. What are "significant assets" you may ask? Significant assets or substantial net worth can be defined as assets that exceed the limits of your homeowners’ and auto insurance policies. Once the limits of your primary insurance policy have been met/maximized, umbrella insurance kicks in to cover anything that’s not covered by a primary insurance policy.

Umbrella insurance is designed to provide coverage in excess of a million dollars or more as protection against expensive claims or lawsuits if you have a particularly high net worth and/or many assets. It isn’t a legal requirement, but an option to invest in a secondary insurance policy designed to meet the needs of your assets and net worth. If you have a lot of assets, a high net worth, or a high chance of being sued, umbrella insurance might be a wise investment. If you have questions about umbrella insurance and think you could benefit from this type of insurance, give us a call. We’re standing by. 

How Does Umbrella Insurance Work?

Umbrella insurance is a type of liability coverage that can protect you from financial ruin if you are sued and lose. It provides additional protection beyond what your home and car insurance provides, such as injuries to other people or damage to their property. However, it’s important to know how umbrella insurance works before deciding if this coverage is right for you.

An umbrella insurance policy kicks in when the damages from a single incident exceed the limits of your other policies. For example, if you are sued for $1 million after an auto accident, and your home and car insurance only provide coverage up to $500,000 combined, your umbrella insurance policy would pay the remaining $500,000.

Umbrella insurance can also protect you in situations not covered by your other policies. For example, if you are accused of libel or slander, your umbrella insurance policy may cover legal expenses. However, note that most umbrella insurance policies do not cover intentional acts.

While it may seem unnecessary to have an additional policy, adding an umbrella insurance policy can be a wise financial move. Suppose you are sued for damages exceeding your other policies’ limits. In that case, you could face the prospect of losing your home or car while continuing to pay expensive premiums on your insurance policies. Umbrella insurance can prevent this from happening and protect you from financial ruin.

When choosing an umbrella insurance policy, it is important to know the policy’s limits and what is and is not covered. Be sure to read the fine print to know exactly what you are buying. Also, be sure to shop around for the best rates. You may be surprised at how affordable umbrella insurance can be.

If you are looking to add an umbrella insurance policy to your insurance portfolio, contact Coastal Premier Insurance Group in Boca Raton, FL, today. We would be happy to discuss your options and help you find the right coverage.