Posts made in October 2020

young couple speaking with insurance agent

The Benefits of Bundling Insurance Services in Maitland, FL

Many people and companies have multiple insurance needs. Paying for each individual piece of coverage can end up becoming a little bit costly. The solution to getting the coverage you want at a price you can better afford is to ask your agency about bundling their insurance services in Maitland, FL.

Most insurance agencies are able to bundle multiple types of insurance policies together from the same provider. This not only makes it easier to keep all of your policies in one place, but can also help you reduce your overall costs on your car, home, life, boat, motorcycle, recreational toy, and any other coverage you may require.

When it comes to the different types of bundling options available to you, it is essential to reach out to your agent. They will help you better understand all of the different products available to you as well as how they can be bundled with other options that best fit your current and future needs. Some of the most common combinations you will find that can end up delivering decent discounts include:

  • Auto & Home Insurance Bundling
  • Auto & Renters Insurance Bundling
  • Auto & Life Insurance Bundling
  • Motorcycle & Home Insurance Bundling
  • Home & Umbrella Insurance Bundling
contractor inside partially built house

What is Artisan Insurance in Maitland, FL?

There are many different types of commercial insurance out there, but that doesn’t mean that one size fits all. So how do you know what kind of coverage is right for you? Well, if you are a carpenter, plumber, electrician, mason, or any other type of skilled artisan contractor, then you are probably going to want to sign up for artisan insurance in Maitland, FL.

Similar to contractor’s insurance, artisan’s insurance is strict liability insurance that helps cover any mistakes made by you or damages done because of craftsmanship errors. It does not cover your business office, supplies, or work vehicles. Still, even the most skilled artisan contractors know that mistakes can happen, and without the right coverage, these errors can end up sinking your business and your livelihood.

With artisan insurance, you are able to protect yourself from financial ruin due to errors or accidents that might occur while you are doing your job. Even if you are working as a subcontractor on a bigger project, one mistake can end up making all of the artisans in the building liable. So this type of insurance coverage doesn’t just protect you from mistakes you might make, but also mistakes that other artisans can render you liable for as well.

man driving in a city

What You Should Know About GAP Car Insurance

When you are looking for affordable car insurance in Maitland, FL, Mike Elliott Insurance Agency, Inc., has the policies for you. In addition to our standard insurance policies, we also offer GAP coverage. GAP stands for Guaranteed Asset Protection, and it is designed to keep you from paying out of pocket in the event that your car is declared a total loss after an accident.

Your standard car insurance policy covers the value of your car with depreciation factored in. If your car is totaled in an accident, and its pre-accident value was $10,000, your insurance will pay out the $10,000 amount.

Assume, though, that you financed the car with a loan when the car was valued at $12,000. After your insurance pays the $10,000, that still leaves you liable for up to $2,000 (depending on how much you’ve already paid off) that you will owe the lender or dealer. GAP insurance makes up this difference.

satellite monitoring hurricane

Navigating Complicated Hurricane Coverage for Your Home

Damage from severe rainfall and flooding, as well as flying branches and falling trees, are some of the serious risks for property owners during a hurricane. Hurricane season in the Eastern Atlantic runs from around May 15th to November 30th. During this time, many coastal homeowners worry about the damage that hurricanes can cause to their homes and what may or may not be covered by their insurance policies. The proper compensation for damage after a hurricane requires having the right home insurance in Maitland, FL, beforehand.

Will a Homeowner Policy Cover All Hurricane Damage?

Home insurance policies cover different aspects of damage to homes caused by storms. While some hurricane damage may be covered, in most cases, people in hurricane-prone areas need more than one policy to cover damages. Whether you are covered or not depends on: the type of damage, how it was caused, the type of homeowner coverage you purchased, and where you live.

Homes and properties in high-risk zones have different coverages available to them than areas that are considered lower risk. Your renter, condo, or home insurance policy may cover some property damages resulting from hurricanes; however, they may have exclusions for this type of high wind damage, or they may require you to add an endorsement for windstorm coverage. Coverage for all hurricane damage may require more than one insurance policy to protect your home.

man driving car

What Happens When You Drive Uninsured in Florida?

Times are tough, and people are considering ways to cut back financially, but dropping your auto insurance is definitely not a good way to save money on your monthly budget, because driving without insurance in Florida can end up costing a lot more than your monthly bill for auto insurance in Maitland, FL.

Florida is a no-fault” insurance state, where vehicle owners are required to carry the minimum amounts of $10,000 for property damage liability (PDL) and $10,000 for personal injury protection (PIP). Everyone must have coverage in place before obtaining vehicle registration and tags, and then they must continue to carry it throughout the registration period.

Florida’s First Time Offender Penalties

If your Florida auto policy lapses, your insurance carrier then notifies the state. The Department of Highway Safety and Motor Vehicles will require you to provide proof of new auto insurance coverage, or your license, plates, and registration will be suspended for up to three years. Additionally, the proof of insurance has to show that you had your new insurance in place before your old policy was canceled. Your license, plates, and registration will be suspended, even if the lapse period was only one day.

Subsequent Offenses for Lack of Insurance

Subsequent offenses can be much more expensive. If your auto insurance lapses for a second time within three years of the first lapse, the reinstatement fee increases to $250, and the reinstatement fee goes up to $500 for a third offense.

One More Thing

Your provider issues you a Florida Insurance I.D. card when you first obtain insurance. You must carry it at all times that you are operating your vehicle and show it to any law enforcement officer who asks to see it. If you are asked and do not have it, you may be ticketed.

woman working from home

How Worker’s Compensation Works for Remote Employees

Just because an employee is working from home or another remote location doesn’t mean they aren’t covered by workers’ compensation in Maitland, FL. Just like with in-office workers, workers’ comp laws are designed to protect employees if they receive an injury that arises out of and in the course of employment.

One thing to keep in mind is that, in an injury situation, the remote employee has the burden of proof in providing evidence that their injury is related to work. That means, before they can successfully file a claim, they must show that they were acting in the interest of the company at the time they were injured.

This is an important distinction since the employer does not have control over the conditions of a home-based work environment the same way they do at an office. Our insurance agency encourages all employers to try to develop ways to improve the safety of remote employees to limit potential hazards. Some suggestions include:

Define Normal Working Hours & Job Duties – Every state has its own definitions as to what is considered a work-related injury, but you can better determine whether or not a claim is work-related by having clearly defined work hours and duties for remote employees.

Establish Home Office Guidelines –By creating guidelines and training on workstation setup and safety, you can reduce the chances of remote employees becoming injured.

Create an Outline of Remote Work Expectations – Covering everything from time management practices to equipment used, creating a detailed outline of what is expected from remote workers can help them stay focused and avoid potential issues and injuries

business owner speaking on the phone

How Much Workers’ Compensation Coverage Does Your Business Need?

As a business owner, you are responsible for the wellbeing of your workforce. Part of this responsibility includes having workers’ compensation to cover any medical bills or lost wages your employees incur due to job-related injuries. So, how much workers’ compensation insurance in Maitland, FL, does your business need?

The answer to this question depends on the nature of your business and the size of your workforce. In the State of Florida, having a workers’ comp policy is mandatory for construction companies of any size, non-construction companies of more than 4 employees, and agricultural companies of 6 regular workers or 12 seasonal workers. In addition, contractors are required to make sure that any sub-contractors have the necessary workers’ comp before beginning work.

The age of your workers and risk factors of the job will also come into consideration when calculating your workers’ compensation coverage. In Florida, the average amount on workers’ comp that employers pay comes out to $1.43 per $100 covered in payroll. Your actual payment may be more or less depending on the specifics of your business. To get a better idea of how much workers’ compensation insurance is right for you, consult with Mike Elliott Insurance Agency, Inc.

side car mirror with question mark drawn into condensation

Do You Still Need Auto Insurance in These Circumstances?

If you are driving a car, then you are going to need to purchase auto insurance in Maitland, FL. You might be wondering if that is still the case if you don’t own a car or if you are on deployment from the military. To make things easier for you, we have broken down many of the most common circumstances that might make you wonder whether you need an insurance policy or not.

I Don’t Own a Car – Even if you don’t own a car, if you plan on driving any vehicle at any point, you need to have auto insurance. Even car passengers, including those riding in taxis or other drive shares, need coverage for medical in case of an accident.

I Lease My Car – Even if you don’t own your vehicle, you still need to have insurance. In most situations, it is required to have insurance on the vehicle while it is in your possession.

I Cannot Afford Car Insurance – It is against the law to drive a car without insurance. There are a number of different ways to find more affordable car insurance, including working with an insurance agent. Driving without insurance could end up costing you a lot more in the end.

I Am Sick & Cannot Drive – If you plan on driving again someday, you should retain coverage on your vehicle. This is especially true if you have other people drive it while you are unable to do so yourself.

My Car Broke Down – Even if your car isn’t currently drivable, you are going to want to keep insurance on it. It is always cheaper to keep your vehicle correctly insured now than having to pay for a high-risk policy due to a lapse in coverage.

I Sold My Car & Have Not Found a Replacement – Even if you do not currently have a car, it is always smarter to just lower your coverage down to the bare minimum and keep up with your payments than letting a policy lapse. Not having any insurance can mean higher costs when you need to get it again.

I Am Deployed In the Military – This is the one scenario where it is perfectly acceptable to stop having car insurance. It is not a requirement for active-duty military personnel to have car insurance while they are deployed overseas. Any family members still at home, however, do need to remain insured when they are driving the family car.