How to make and store a home inventory

Posted on March 31, 2022April 6, 2022 by admin

When you need to file a claim with your home insurance, you will be required to prove what your home looked like and what you had before the peril happened. That is where your home inventory comes in very handy. At Prestige Insurance Group in Miami, FL, we work for you, our customers, and we make sure that if you have to file a claim, it will go smoothly. There is a lot of stress involved in living with household damage, and you don’t want to add more stress about how easily the claim is processed.

You can start your home inventory in any room of your home, but you will need to have a pad, pen, and camera. You will list the items in your room and provide as many pictures as possible of the room from a few different angles. Be sure to look up and down and open any closet or drawers so that everything gets listed. If you have sales slips or receipts, attach them to the correct room.

Be as detailed as possible. Give the color, the size, the brand name, and if it’s electronic, the model and serial number. The more you include, the better. Do the same thing in every room. Go into the basement, go to the attic, and don’t forget the garage. When you are done, it is time to think about where you will store your inventory.

Ideally, you won’t store your inventory in your home. Your inventory could be destroyed along with your home. Make sure that you make a copy at least to store in the cloud so that it can be easily accessed no matter where you are when you need it.

Contact Prestige Insurance Group in Miami, FL to discuss your home insurance, whether you need a review or a new policy.

What Does Classic Car Insurance Cover?

Posted on February 7, 2022February 1, 2022 by admin

You could indeed get a standard auto insurance policy for your classic car. However, you will not have access to many of the benefits provided by a classic car insurance policy, such as reimbursement of the full value in the event of total loss.

A standard auto insurance policy does not take into consideration the special needs of a classic car owner in Miami, FL. Classic car insurance is specifically designed to cover situations unique to classic cars, such as restoration, exhibition, and more. At Prestige Insurance Group, we understand that special cars have special needs, we are here to provide you with the right coverage to protect your investment.

Coverage Options

A standard car insurance policy typically includes bodily injury liability, collision insurance, comprehensive insurance, medical payments, property damage liability, and uninsured/uninsured motorist insurance. A classic car insurance policy will usually include all of these coverage types as well as additional coverage that is designed to meet the additional needs of classic vehicles, such as:

Agreed value for collision and comprehensive coverage will reimburse you for the total value of the car at the time you purchased your classic car insurance policy in the event of a total loss
Restoration coverage for cars still in the restoration stage that is not yet drivable
Spare parts coverage for tools and accessories that you have stored away from the vehicle in the event of theft or damage
Memorabilia contents coverage for additional valuable pieces such as dashboard accessories and antique license plates that are itemized on a contents list
Auto show medical reimbursement should someone be injured at an event where you are showing your classic car
No attendance required covers your car when it is on display when you are not with it

Learn more about the available types of classic car coverage available for collectors in Miami, FL when you call Prestige Insurance Group.

Is renter’s insurance necessary in Miami?

Posted on January 24, 2022February 1, 2022 by admin

Count on the Prestige Insurance Group for all of your insurance needs. If you live in the greater Miami FL area, you can rely on us! Give us a call today and learn more about the policy options that are available in our area.

The short answer is YES, renter’s insurance is necessary in Miami

And it’s not just in Miami. In fact, renter’s insurance is a great idea no matter where you live! There are a number of great benefits to renter’s insurance. The most obvious one is that it can help protect your belongings from damage, theft, or destruction. If you rent an apartment, condo, or home, having renter’s insurance is a smart move.

Finding out that your home has been robbed or has undergone some catastrophe can be easier to deal with when you have the right coverage in place. Protect your belongings and ensure that you can recover from any loss. There’s no reason to have to start all over again if you are a victim of theft, or experience some other type of loss. With a robust renter’s insurance policy in place, you can be a step ahead when it comes to rebuilding your life.

Don’t wait until it’s too late! Give us a call today and learn more about how renter’s insurance can help protect your possessions and your life.

Find out more about the different types of renter’s insurance that are available in our area

The team at Prestige Insurance Group is here to help residents in Miami, FL find the protection they need. This includes both renters and homeowners, so give us a call today!

Renters Insurance Coverage: Why Do You Need It?

Posted on December 13, 2021December 8, 2021 by admin

Renters insurance is often one of the least understood and utilized options available on the market. At Prestige Insurance Group, we can help Miami, FL, area renters better understand why they need this policy. Read on to learn more about their many benefits.

Reasons Why You Need Renters Insurance

If you don’t have a renters insurance policy, there are a few reasons why you need one right away. Just a few reasons why renters insurance is such a great choice include how:

Your Landlord Won’t Protect You – Your landlord has insurance for your home or apartment. However, it covers the structural elements of the house and not your goods.
Total Loss Isn’t Uncommon – Do you know what happens if your rental home burns down and you don’t have renters insurance? Everything you own is gone without compensation.
Renters Insurance Helps With Relocation – After a disaster destroys a rental home, where are you going to stay? Renters insurance will cover your expenses while you’re there.
It Minimizes Homelessness Risk – It’s not uncommon for rental loss to end up causing homelessness for many people. Avoid this risk by getting renters insurance.
Comes With a Reasonable Price – Most people don’t realize that renters insurance is not a significant expense. Many people can get it without having to do any inspections on the home, too.

Whatever your needs, your insurance company can provide the long-term help you need to avoid serious complications. Doing so will minimize your risk of intensive financial loss.

Managing This Potential Risk

If you rent a home and want to keep yourself safe from severe financial loss, you need a renters insurance policy. Please don’t hesitate to contact us at Prestige Insurance Group to learn more. We can help Miami, FL residents manage this concern and avoid long-term financial ramifications.

Florida RV Insurance – What You Need To Know About RV Insurance

Posted on November 15, 2021December 8, 2021 by admin

Florida is a popular destination for vacations and the retirement contingent and with this popularity RV’s or Recreational Vehicles are very popular in the state. Insurance requirements for RV’s are different than your regular auto insurance as RV’s are much larger vehicles on the road with a higher degree of possible damage in the event of an accident. Whether you’re in Jacksonville, FL or Miami, FL, you should be aware of what the parameters are for RV insurance and RV owners in Florida.

Coverages & No-Fault

Florida has similar minimum coverages for RV’s in comparison to other cars and trucks but again, these are just minimums. Due to the size of an RV, it’s prudent for owners to carry additional amounts of coverage in case of an accident due to the size disparity to other cars and trucks. Florida also happens to be a no-fault state, meaning that there is no fault cast to a driver in the event of an accident. Your insurance will cover the other driver and vice versa after an accident has happened.

Add-Ons

There are many add-ons to your RV insurance that you can purchase to bolster your insurance coverage. These additional coverages can help with unique situations such as protecting your personal belongings inside of your RV, coverage during emergencies, coverage for personal medical payments, loss assessment coverage, coverage for being on the road full-time in your RV, adding roadside assistance to your coverage, total loss replacement coverage, vacation liability coverage, and other types of coverages that will help recreational vehicle owners.

Learn More

Prestige Insurance Group in Miami, FL has many years of experience in insurance for RV’s, cars, trucks, homes, condominiums, and other forms of insurance. Contact Prestige Insurance Group today to find out more about RV Insurance and coverages in more detail.

A guide to motorcycle insurance coverages

Posted on October 15, 2021October 5, 2021 by admin

Did you know that you need motorcycle insurance to ride a motorcycle legally in Miami, FL? Ignoring insurance laws can get you into serious trouble and your life in danger too. Motorcyclists are vulnerable to the weather conditions and general environment as they are not well-protected like in standard cars.

That’s why Prestige Insurance Group recommends getting proper motorcycle insurance coverages to protect yourself, your bike and other motorists. Here are a few coverages you should consider.

Bodily injury liability

This coverage helps pay medical bills and other expenses related to injuries to other people. It also pays legal fees associated with the injuries in the event of an accident.

Property damage liability

Property damage liability helps pay property owners who may be affected by an accident you caused. It could be the other driver, a property owner on the road or any other road user. The coverage also pays legal fees in case you’re sued.

Comprehensive

Comprehensive coverage is designed to replace or repair your motorcycle in accidents that don’t involve collisions such as theft, fire, weather damage or other natural disasters. If the bike is stolen, the coverage can help replace it with the same model and year.

Collision

Collision coverage covers claims related to collisions that damage your motorcycle. Whether you collided with another car, tree, rock, pole or even another bike, the coverage helps repair or replace your bike.

Uninsured/underinsured motorist

Uninsured and underinsured motorist is critical coverage that helps pay your medical bills or repair your bike if you’re involved in an accident with an uninsured/underinsured motorist.

Medical coverages

This coverage pays your medical expenses if you get into an accident. It also covers your passenger.

Need to buy motorcycle insurance in Miami, FL? Prestige Insurance Group is the company to contact. We have the skills, tools and experience to help you choose the right coverages based on your needs, style and comfort. For quotes and other policy discussions, call to book your appointment today.

Why Do You Need Boat Insurance?

Posted on September 30, 2021October 5, 2021 by admin

While few states require boat insurance, this does not mean that protecting your boat is a bad idea. If you live in Miami, FL, you are not necessarily required to have insurance when you use your boat. Regardless, you are smart to think about buying a policy anyway.

Prestige Insurance Group understands that boat insurance policies can be confusing. Here’s why you should consider taking on a policy.

Homeowner’s Insurance May Not Cover Everything

You may already know that homeowner’s insurance often covers personal property, including sea vessels. What you may not know is that your homeowner’s insurance has a specific cost associated with what it will cover. The full value of your boat may not be covered by a homeowner’s insurance policy.

Boat Insurance Includes Property Damage Liability

When you operate a boat, events can become unpredictable quickly. Property damage liability covers damage a boat causes to another property. This coverage is beneficial for vessels that accidentally spill fuel as well.

Boat Insurance May Come With On-Water Assistance

Many people do not realize that boats also benefit from an on-water assistance package, much like roadside assistance. This can include towing to repair facilities and assistance for disabled vessels.

Boat Insurance Includes Collision Damage

You can choose a boat insurance plan that covers collision damage, which happens when your vessel is damaged in an accident. Collision damage can result from your boat hitting another boat or structure while in use.

Boat Insurance Includes Bodily Injury

Nobody expects to get hurt on a boat, but accidents do happen. Bodily injury liability coverage typically pertains to injuries involved in an accident.

Need Boat Insurance?

Are you considering boat insurance? Prestige Insurance Group, which serves Miami, FL, can help you through the process of choosing the right insurance for your vessel and activities. Contact us or visit our website today for more information.

Why You Might Need Personal Umbrella Insurance in Florida

Posted on August 16, 2021August 1, 2021 by admin

If you are a Florida resident, you probably have concerns about being sued for anything. In this world, everybody has those concerns. This is what umbrella insurance is for.

Umbrella insurance is a liability policy with a very high limit. You can have one for yourself, or for your business, but thousands of Florida residents purchase this peace of mind for personal purposes.

At Prestige Insurance Group, we want Miami, FL residents to have fewer liability concerns. Taking those concerns off of your mind is why you might need personal umbrella insurance in Florida.

What is a Personal Umbrella Insurance Policy?

A personal umbrella insurance policy is an insurance policy purchased by an individual for liability protection. In the event you get sued, or are defamed, or experience another personal legal grief, umbrella insurance can protect you.

Umbrella insurance is a liability policy with a high limit. Limits for umbrella insurance usually start at $1,000,000, but you can purchase as much as you wish.

Another thing umbrella insurance is used for is to cover some liabilities when your other coverages are capped out. If you are in a car accident or example, and your claim exceeds your auto insurance coverage limits, umbrella insurance can provide the remainder of the claim amount.

Legal Matters Commonly Covered by Umbrella Insurance

Umbrella insurance is often used in the event of lawsuits against you, or that you initiate. You might experience libel, slander, malicious prosecution, or false arrests.
We all think that it can’t happen to us, but then it does happen to someone. That’s what umbrella insurance is for. The trend today in America is to jump towards a lawsuit when something bad happens that can’t be resolved diplomatically. Umbrella insurance is there for you when you need it.

Get a Quote

When you are worried about potential liabilities in a litigious world, umbrella insurance is there. At Prestige Insurance Group, we want Miami, FL residents to feel protected against any potential liability. Call us today for a quote.

Signs You Need Flood Insurance: Protect Your Home and Family

Posted on July 28, 2021August 1, 2021 by admin

As a homeowner, you may have wondered if you really need flood insurance, especially if you are living in sunny and dry areas. According to NFIP (the National Flood Insurance Program), over 20% of flood insurance claims are from properties considered low risk. You should note that the standard homeowners’ insurance does not cover flood damage; hence, you need to purchase it separately.

According to FEMA (the Federal Emergency Management Agency), floods are considered the number one natural disaster across the United States. Flooding is caused by several conditions, including hurricanes, heavy rains, spring thaws, among others. Even though there are areas, which FEMA has categorized as high risk and prone to flooding, it can occur anywhere. Even a few inches of water can lead to detrimental damage to your home, its contents, and even your family.

Learning about the characteristics of a particular property or home is the best way to know if you should purchase flood insurance. Our team of professionals at Prestige Insurance Group based in Miami, FL, has put together the following property characteristic to help you decide.

1. Inspect your home and the surrounding area. Look for places where runoff could enter your house during heavy rains. Your property still needs protection from runoff even if it’s not identified as being in areas prone to flooding.

2. Review all the paperwork related to your home purchase. Inspect the "Natural Hazards Disclosures" to determine whether your property is in an area designated as prone to flooding by FEMA. If you cannot access your closing papers, visit a local post office and ask for the official list of parcels showing the ‘Zone A’ and ‘Zone B’ flood risk category. If your property falls under an area listed as high-flood risk, you need flood insurance.

3. Ask around the neighborhood regarding any flood history in the area. This will help you know if your property is at risk.

Based in Miami, FL, Prestige Insurance Group is an independent insurance agency that will help you find the right insurance policies for your needs to protect your home and family. Visit our website for more information on flood insurance.

4 Benefits of Condo Insurance

Posted on June 23, 2021June 23, 2021 by admin

Owning a condo in Miami, FL is excellent, but you need to think about condo insurance to protect you and your valuables. Unfortunately, many people forget about condo insurance since they assume they are covered by the condo owners association (COA) master policy. While it’s true that the COA policy protects you, it only extends to common areas and the exterior of your condo unit. Therefore, if theft or fire were to strike, your personal belongings aren’t covered by COA master policy.

With this in mind, you need condo insurance from Prestige Insurance Group to accrue the below benefits.

Protect your interior’s dwelling

Since the COA policy doesn’t cover the interior of your dwelling, it’s for this reason you need condo insurance to protect your dwelling’s floor, roof, walls, and fixtures if damage were to occur.

Loss of use coverage

If a covered peril were to damage your condo unit, you would have to seek a temporal shelter as your dwelling undergoes repairs. In the process, you would incur expenses like hotel food and accommodation that you hadn’t planned for. Thankfully, condo insurance covers expenses beyond your everyday living expenses until your condo becomes livable again.

Liability coverage

Condo insurance can save you tens of dollars in medical costs and lawsuits for injuries happening to guests within your premises. Besides, liability coverage protects you against property damage that you and your family members inflict on other people.

Protects your assets

Your condo interior wouldn’t look great were it not for assets like furniture, electronics, and other belongings. Unfortunately, perils like fire, theft, and water damage can cause loss or damage to your assets. Without condo insurance, you will have to repair or replace your assets from your pocket.

Condo insurance in Miami, FL

If you would like more information regarding condo insurance, please contact Prestige Insurance Group in Miami, FL. Our team will help you make an informed decision when buying condo insurance coverage.

Prestige Insurance Group Inc

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Author: admin