Condo Insurance for Snowbirds: How to Protect Your Property While You’re Away

Posted on May 19, 2023June 1, 2023 by admin

Miami, FL is a great place to escape cold winters. Many snowbirds settle in the city or surrounding areas to enjoy the sun year-round. While you may spend your winter months enjoying the warm weather, when you return home for the summer, you leave your condo empty for weeks or months. Therefore, a good insurance policy that safeguards your property while you’re away is crucial.

Importance of Condo Insurance for Your Winter Home

While you can take steps to protect your condo better, nothing will replace a good insurance policy. Miami’s hurricane season can be brutal and causes flooding, strong winds, power outages, and more. Additionally, while you can make your condo appear occupied even when you’re not there, you can’t guarantee that there won’t be break-ins.

Extra Coverage for Your Empty Condo

Standard homeowner policies are known to exclude coverage if your home is unoccupied for over 30 days, making it more vulnerable to natural disasters, theft, and vandalism. Therefore, you need a policy that will cover your property for extended periods of time when you’re not there. Choosing a policy to bridge that gap can be tricky, which is why Prestige Insurance Group in Miami, FL is here to help.

Snowbird Condo Insurance Policies at Prestige Insurance Group

You need an insurance agent that understands the intricacies of your situation, and Prestige Insurance Group is here to guide you through that process. We have insurance coverage options to meet your needs, so you can rest easy that your condo is protected whether you’re there or not.

Why States Started to Mandate Auto Insurance

Posted on April 11, 2023April 28, 2023 by admin

Did you know that auto insurance is typically required in the United States? If you’re operating an uninsured vehicle, you could get in trouble with the police and other authorities. If you get into an accident while uninsured, you might also face hefty liabilities that you’ll have to pay out of your own pocket. If you’d like to explore auto insurance policies, contact the Prestige Insurance Group, which serves the greater Miami, FL area.

Why States Require Auto Insurance

In 1927, Massachusetts became the first state to require auto insurance. Cars had already been on the road for a few decades, and they were getting faster and more powerful. Roadways were starting to crisscross the United States and other countries, and more families were relying on cars. By 1927, there were more than 20 million cars on the road in the United States alone.

As more people started to drive, car accidents began to occur more often. Since cars can move so fast and are so heavy, auto accidents can quickly result in severe injuries and death. Often, the person who caused the accident was liable. However, in many cases, that person died or simply didn’t have the money to pay. Likewise, determining who was at fault can be really difficult.

Massachusetts decided to make car insurance mandatory so that people’s health care bills would be covered in the event of an accident. If an accident occurred, auto insurance could pick up the tab.

Despite the obvious benefits of car insurance, it wouldn’t become a more widespread requirement until 1956. That year, New York required it, and shortly after, North Carolina also made car insurance required. From there, auto insurance requirements quickly spread, and by the 1970s most states had requirements.

Want to enjoy the benefits of auto insurance?

Get in touch with the Prestige Insurance Group, serving the greater Miami, FL area.

Commercial Insurance 101: Understanding the Basics and Benefits

Posted on March 27, 2023April 3, 2023 by admin

Commercial insurance is an essential piece of the puzzle when it comes to protecting your business. It provides coverage for potential losses and liabilities related to running a business. Each type of commercial insurance in Florida has its own set of regulations and requirements that must be followed. As such, we at Prestige Insurance Group in Miami, FL are uniquely positioned to help you understand the complexities of commercial insurance and ensure that your business has the proper coverage.

What is Commercial Insurance?

Commercial insurance is a policy designed to protect businesses from the financial risks they may face in their operations. It covers a broad range of activities, from liability arising from accidents or injuries on your property to damage to your business’s physical assets.

Types of Commercial Insurance

The types of commercial insurance that are available include:

Liability insurance,
Property insurance,
Casualty insurance,
Workers’ compensation insurance,
Directors’ & officers’ liability insurance.

Each type of coverage protects different kinds of risks and liabilities. Liability insurance covers losses or injuries caused by the business, property, and casualty insurance covers losses or damages to physical assets. Workers’ compensation covers work-related illnesses and injuries, marine cargo insurance covers losses or damages to goods being transported, and directors’ & officers’ liability protects executives from legal action.

Benefits of Commercial Insurance

A comprehensive commercial insurance policy provides businesses with peace of mind knowing that their operations are protected from potential losses and liabilities. Commercial insurance also helps companies to save money by allowing them to offset the costs of potential liabilities. Moreover, having commercial insurance in place can help businesses maintain a healthy financial status which is essential for gaining access to capital and other resources.

Looking for commercial insurance that serves the Miami, FL area? The experts at Prestige Insurance Group are here to help. We specialize in finding the coverage that suits your business and will work with you to ensure you are adequately protected. Contact us today to learn more about our commercial insurance services. We look forward to hearing from you!

The Importance of Having a Roof Inspection After the Winter Months

Posted on February 21, 2023March 1, 2023 by admin

As a general rule of thumb, it is strongly recommended that you have your roof inspected in the winter months. This is to help find damage that was caused by ice, snow, and other inclement weather. However, Miami, FL does not have this type of weather, which leaves many homeowners wondering if they really need a roof inspection when winter is over.

Here at Prestige Insurance Group, we strongly recommend that you do so.

Should You Have a Roof Inspection After the Winter Months?

Yes. While Miami is not known for having icy conditions, what it does have is hurricanes. Hurricane season generally lasts throughout the late fall months. Hurricane season produces strong wind gusts, and these wind gusts can be damaging to your roof. Having a roof inspection helps to catch any roofing issues that may be present.

A roof inspection can also be vital in determining whether your roofing issue may be caused by an event that is covered by your home insurance policy or not. Additionally, it is important to have your roof inspected after winter because spring weather brings a lot of rain. Having your roof inspected after winter helps to ensure your roof is ready to go when wet spring weather hits.

Reach Out To Us

Having a roof inspection completed can help ensure your roof is in good condition and can help catch roof issues that your home insurance policy may cover. Here at Prestige Insurance Group, serving the greater Miami, FL area, we can help you find the right insurance policy for your needs. If you are looking to price out a new insurance policy, reach out to us and let us provide you with an estimate.

How is Classic Car Insurance Different from Auto Insurance?

Posted on January 19, 2023January 26, 2023 by admin

There are many different types of vehicles on the road that need different types of insurance. Cars you drive routinely need auto insurance, trucks require trucking insurance, company or commercial vehicles need commercial auto insurance, and classic cars need classic car insurance. Prestige Insurance Group, serving the greater Miami, FL community, is here to help you understand classic car insurance and how it differs from auto insurance.

What is classic car insurance?

Classic car insurance is a type of insurance for cars that someone would define as classic or antique. These cars are worth a lot of money but are not the type of car for everyday use.

Classic car insurance includes different types of coverage similar to auto insurance. These include comprehensive and collision coverage, liability coverage, and property damage. Most insurance companies have requirements you must meet to qualify for classic car insurance. Some of the requirements include the following:

The car must be at least 25 to 30 years old
You cannot use it as an everyday vehicle
You preferably need to store your car in a safe, covered location
The driver must have a regular car with auto insurance coverage

What makes classic car insurance different from auto insurance?

Although classic car insurance has similar coverage options to auto insurance, there are some differences. Regular auto insurance takes into account depreciation, the age of the car, and mileage to determine how much the car is worth. With those factors, we would label a classic car as essentially worthless according to an auto policy. With a classic car policy, we use a different approach. We communicate with the car owner and use the value we agreed on.

Get Coverage For Your Classic Car Today

Three financial risks that renters insurance can allow you to address

Posted on December 12, 2022December 12, 2022 by admin

Renters insurance is important for those who rent an apartment or home in Miami, FL. You can come to Prestige Insurance Group to get the renters insurance coverage that you need.

Here are three financial risks that you can avoid if you invest in a renters insurance policy:

Renters insurance covers the personal belongings within your rental unit

If your rental unit becomes damaged, you could lose valuable personal belongings. By purchasing renters insurance, you could be compensated for any losses you face due to an accident that destroys your valuable personal belongings.

Even if your landlord carries commercial insurance, you still might not get your personal belongings covered in the event of a natural disaster that destroys your rental unit.

You could face liability expenses if an injury occurs within your rental unit

Those who rent a dwelling could face a lawsuit if a guest experiences an injury in their rented home. Fortunately, a renters insurance policy will provide funding for lawsuit expenses to a renter in this situation.

It could be costly to pay for temporary living quarters if your rental unit is suddenly uninhabitable

Renters could face financial hardship if a natural disaster makes the home in which they live uninhabitable. Unfortunately, renters will not typically enjoy insurance coverage to cover the costs of procuring a temporary dwelling in this situation.

Renters insurance usually provides coverage for the expenses of acquiring temporary living quarters if the policyholder’s rental unit is rendered uninhabitable.

Contact Us Today

If you have any questions about getting renters insurance for your home, contact Prestige Insurance Group. We provide quotes and information to renters in Miami, FL so that they can protect themselves against financial risks.

RVs Need Insurance Too – Make Sure You Have It

Posted on November 30, 2022November 30, 2022 by admin

Don’t allow your vacation to be ruined because you don’t have insurance on your RV. RV insurance will protect you if you cause damage or injury to another. It also covers costs associated with damage to your vehicle if a covered event happens. Let the Prestige Insurance Group, serving the Miami, FL area, explain the variety of coverage that exists.

Why RV Insurance?

The biggest difference is based upon how you use your RV – recreationally or as a full-time residence. There are differences between traditional auto insurance and RV insurance. When you purchase RV insurance, you will be asked how often it will be used and in what way. Then you select the coverage that will best protect you and your vehicle.

Options include liability, comprehensive, collision, underinsured/uninsured motorist, and RV towing insurance. Typically, the more coverage you have, the higher premium you pay.

While your auto liability covers you for accidents while driving the RV, vacation liability protects you to cover accidents occurring in or around a parked RV while on vacation.

RV insurance may cover theft depending on the type of RV coverage you have. If your policy includes comprehensive, the theft of your RV and components that were part of the RV at the time of purchase, such as folding beds or cabinets, may also be covered.

A standard home insurance policy may cover your personal belongings that are stored inside the RV, such as dishes, clothing, jewelry, and firearms. But it does not cover damage or loss of the RV.

Typically, RV insurance is less expensive because they have fewer claims, drive fewer miles, and are not used for commercial driving purposes.

Give Us A Call

If you want a quote to cover your RV, Prestige Insurance Group in Miami, FL can provide it, along with explaining all the particulars of this type of coverage. Contact us today.

Three things to do before you purchase motorcycle insurance

Posted on October 24, 2022October 24, 2022 by admin

If you are a motorcycle owner in Miami, FL, you need to choose a motorcycle insurance policy. There are a few things you should do to get ready to purchase the right policy.

The following are three things to do before you purchase motorcycle insurance:

Familiarize yourself with the various types of motorcycle insurance

You should invest in a few different types of motorcycle insurance coverage so that your policy offers you the financial protection that you need.

For complete coverage, you should get not only liability and collision coverage but also comprehensive motorcycle insurance coverage. This way, you’ll be protected against liability expenses, collision damages, and damages resulting from theft, fire, and more.

Contact us at Prestige Insurance Group and get policy quotes

We provide quality coverage at competitive prices while also providing good customer service.

Research motorcycle insurance discounts for which you may be eligible

Another important thing to do before you purchase a policy is to look into discounts that you might be eligible for. This can help to keep your premium costs down.

Many motorcycle owners out there are eligible for discounts for having a good driving record or for completing motorcycle training courses through their state DMV. It’s also possible to get a discount for paying for your entire policy upfront rather than making monthly payments.

Get Motorcycle Insurance Today

Get in touch with us today at Prestige Insurance Group in Miami, FL to explore your motorcycle insurance options. We’re here to assist motorcycle owners with meeting their insurance needs.

Do I Need To Insure My boat If It’s Kept In A Storage Facility?

Posted on September 12, 2022September 12, 2022 by admin

When you own a boat, you need to make sure that it is adequately insured at all times. This is because boats are expensive and can be easily damaged. If you have your boat stored in a storage facility, you may be wondering if you need to insure it. The answer is yes, you should always insure your boat, even when it is in storage. Prestige Insurance Group in Miami, FL can guide you on this important insurance coverage.

Here are a few reasons why you should insure your boat even when it is in storage:

You Never Know When Something Could Happen

Even though your boat is in a storage facility, there is always the potential for something to happen to it. For example, someone could break into the facility and steal your boat. Or, there could be a fire at the facility that damages your boat. If something does happen to your boat while it is in storage, you will be glad that you have insurance.

It Will Give You Peace of Mind

Knowing that your boat is properly insured will provide you with peace of mind. This way, you can relax and enjoy your time on the water, knowing that your investment is protected.

It Could Save You Money in the Long Run

If something does happen to your boat while it is in storage, repairing or replacing it can be very expensive. Having insurance will help to offset the cost of repairs or replacement.

Get Boat Insurance Today

If you own a boat, it’s vital to insure it at all times, even when it is in storage. This way, you can relax and enjoy your time on the water, knowing that your investment is protected. If something does happen to your boat while it is in storage, repairing or replacing it can be very expensive. Having insurance will help to offset the cost of repairs or replacement. Contact us at Prestige Insurance Group in Miami, FL and we’ll provide your boat insurance.

How to Choose the Right Umbrella Insurance Policy

Posted on August 26, 2022August 26, 2022 by admin

When it comes to protecting your assets, umbrella insurance is one of the most important types of coverage you can have. But with so many different policies on the market, how can you choose the right one for your needs? Consult with Prestige Insurance Group in Miami, FL to learn more about your options.

Here are some of the key factors to consider when shopping for an umbrella insurance policy:

1. How Much Coverage Do You Need?

The first step in choosing an umbrella insurance policy is to determine how much coverage you need. This will depend on several factors, including the value of your assets and the amount of liability coverage you currently have. If you have a lot of valuable assets, you’ll want to ensure they’re fully protected.

2. What Is Your Risk Profile?

Your risk profile is another important factor to consider when choosing an umbrella insurance policy. You’ll need to assess your potential liability risks and determine how likely you are to be sued. You’ll need a more comprehensive policy if you have a higher risk profile.

3. What Is Your Budget?

Like all insurance policies, umbrella insurance policies have premiums you’ll need to pay. The amount of coverage you need will affect your premium, so it’s important to strike a balance between the two.

4. What Is the Policy’s Coverage Limit?

When choosing an umbrella insurance policy, it’s important to pay attention to the coverage limit. This is the maximum amount of money the policy will pay out in case of a claim. Make sure you choose a policy with a coverage limit that meets your needs.

5. What Is the Claims Process Like?

When shopping for an umbrella insurance policy, be sure to find out what the claims process is like. This is important because you want to be sure that you’ll be able to get the coverage you need if you ever have to file a claim.

Get Umbrella Insurance

Now that you know some of the key factors to consider when choosing an umbrella insurance policy, Prestige Insurance Group in Miami, FL can help you find the right policy for your needs. Give us a call today to get started.

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