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I only drive my motorcycle once a year. Do I still need motorcycle insurance?

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Even if you don’t drive your motorcycle often, it helps to have protection if you’re in an accident or cause one. Only some states require drivers to carry motorcycle insurance. However, most do. Our Prestige Insurance Group team is committed to helping Miami, FL motorcycle owners get the coverage they need.

What’s Motorcycle Insurance?

Motorcycle insurance can provide coverage for the driver, the motorcycle, and other drivers in the form of liability insurance. It’s designed to protect drivers in the event of an accident by providing liability protection if found at fault, as well as coverage for damage, vandalism, and theft. However, at a minimum, many drivers opt to at least get liability coverage as protection if found at fault for a motorcycle accident. Liability coverage provides medical protection for the other driver if you’re found at fault. It also provides coverage for the repair or replacement of the other driver’s property or vehicle/motorcycle. 

I only drive my motorcycle once a year. Do I still need motorcycle insurance?

Drivers aren’t required to carry motorcycle insurance in the state of Florida. In other words, drivers can legally operate their motorcycles in Florida without any insurance. Although motorcycle insurance isn’t required in the state of Florida, drivers can face heavy fines and are financially required to pay out of pocket for any accidents they may be responsible for.

Drivers also have no liability protection without insurance and can face charges if they cause an accident. At the very least, liability coverage may be a wide investment because it provides coverage for drivers in the event that they cause an accident.

Liability coverage would pay the medical bills of the injured driver if you’re found at fault. Also, liability coverage would pay for the repair or replacement of the other driver’s damaged vehicle, motorcycle, and property. Uninsured drivers can have their license suspended, accrue fines, and lose riding privileges if found at fault for an accident.

Consult With Us

If you have questions about motorcycle insurance, call us at Prestige Insurance Group in Miami, FL. We’d be happy to help you explore your options. 

5 Most Common Boating Injuries

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With more registered boats than any other state in the US, Florida is subject to more injuries and accidents related to boating and water sports. Knowing the most common boating injuries and accidents is the first step to protecting your friends and family members from injury during your next outing on the boat. Prestige Insurance Group in Miami, FL offers boat insurance and guidance to help you protect your friends, family, and property.

What Causes Boating Injuries?

The most common causes of boating injuries in Florida include boating while intoxicated, speeding, mechanical problems, collisions, and falling overboard. Other common causes include inexperienced drivers and bad weather.

Common Boating Injuries

In 2020 alone, 534 people were injured in boating accidents in Florida. Those injuries range from cuts and broken bones to fatalities – with 79 fatalities in 2020. 

Preventing Boat Injuries and Fatalities

There are several steps you can take to prevent injuries and fatalities on your watercraft: 

  • Never drink while operating a boat; always designate a sober driver
  • Follow posted speed restrictions and right-of-way laws
  • Keep a life jacket on the boat for all passengers at all times
  • Monitor weather conditions and stay home/go home if bad weather is expected
  • Inspect your boat before taking it out to ensure all parts are working as expected

You can also protect your loved ones – and others you may come in contact with on the water – by carrying liability insurance on your boat as required by law. Liability insurance covers the cost of property or bodily damage incurred as a result of boating. 

Whether you’re buying your first boat or seeking new insurance options, the team at Prestige Insurance Group in Miami, FL can help. Stop by today!

The Benefits of Umbrella Insurance For Business Owners

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At Prestige Insurance Group, serving the greater Miami, FL area, we are proud to provide many insurance products. One of the insurance products we offer is umbrella insurance, a type of insurance that can be ideal for both individuals and businesses. Here are a few of the benefits associated with umbrella insurance for business owners. 

Increased Liability Protection

Business operations inherently involve risks, and lawsuits can arise from various sources, such as customer injuries, property damage, or contractual disputes. Umbrella insurance extends the liability coverage of your primary policies, such as general liability or commercial auto insurance, providing additional financial protection. In the event of a large claim or lawsuit, umbrella insurance can cover the costs that exceed your primary policy limits, helping to safeguard your business assets.

Broader Coverage Scope

Umbrella insurance not only increases the coverage limits but can also provide coverage for certain risks that may not be covered by your underlying policies. It can include additional liability protection for various scenarios, such as libel or slander claims, reputational damage, or false arrest, which may not be covered by your primary policies. This broader coverage scope ensures that your business is better protected against a wider range of risks.

Cost Efficiency

While umbrella insurance provides additional coverage, it is often more cost-effective compared to increasing the limits on individual primary policies. By bundling your coverage under an umbrella policy, you can typically obtain higher coverage limits at a relatively lower cost. This cost-efficiency can be particularly beneficial for small and medium-sized businesses with limited budgets.

We Are Here To Help

Umbrella insurance is an insurance product that can benefit individuals as well as business owners. If you are interested in learning more about umbrella insurance and how it may benefit you, reach out to Prestige Insurance Group, serving the greater Miami, FL area today. 

Three details you shouldn’t overlook when you buy flood insurance

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It’s important for homeowners to fully understand their flood insurance policy. At Prestige Insurance Group, we make sure that homeowners in Miami, FL have all the information they need to understand their flood insurance.

The following are three details you shouldn’t overlook when you buy flood insurance:

Flood insurance requirements

Homeowners are sometimes required to have flood insurance. If you own a home in a high-risk flood area, you might need to carry a certain amount of flood insurance coverage.

Those who live in a flood zone and are still paying off a home loan definitely need to invest in flood insurance. Discuss flood insurance requirements with your lender if you are in this situation. 

Coverage for personal property

A typical flood insurance policy will include coverage for personal property. However, flood insurance policies specify a coverage maximum for personal property damage.

You should consider the value of the personal property you have in your home. Ideally, your policy should carry enough personal property coverage to cover the full value of your belongings in your home. 

Policy deductibles

Flood insurance policy deductibles typically work a little differently from how home insurance policy deductibles work. A flood insurance policy will usually have three different deductibles. These include a deductible for building coverage, contents coverage, and added living expenses. 

Make sure you’re aware of all the deductibles on your policy and that you put thought into which deductible amounts are best for your financial situation. 

Are you looking for flood insurance for your home in Miami, FL?

Prestige Insurance Group is here to help. We can offer you a quote on a flood insurance policy that will give you peace of mind and protect the value of your home. 

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

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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

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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

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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

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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?

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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

Contact us at Prestige Insurance Group in Miami, FL for more information about classic car insurance.

Three financial risks that renters insurance can allow you to address

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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. 

Partner Carriers

  • AmTurst
  • AmWins
  • Foremost
  • Hagerty
  • Infinity
  • National Flood Program
  • National general
  • Progressive

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