So many people and businesses in the Pembroke Pines, FL area continue to shop around for umbrella insurance, but should you be joining the train? What is the real value of an umbrella insurance agency and is it something that is worth it for you as an individual, or as a business owner?  

There is a lot of good that can come from an umbrella insurance policy. With umbrella insurance, you are putting a big blanket of coverage over your existing policies. The minimum limit on an umbrella insurance policy is usually $1 million and this goes above and beyond what you already have for, say, an auto insurance policy.

Say you are in an auto accident and you are liable for the accident. You are paying or the damages of the other car, as well as the medical bills of the person. If the accident and whom you are liable towards is someone such as an executive, or someone with high assets, their bills could exceed the auto insurance limits. If you have no umbrella policy, you are on the hook for those costs on your own, versus having an insurance company pay them on your behalf.

Umbrella insurance can help to protect you against lawsuits, as well as other related liability. Other coverages will help with include legal fees, property damages, and more. What it will not cover is things such as worker’s compensation claims as well as damage you cause intentionally. With umbrella insurance, it makes all the sense in the world to make the purchase to give you peace of mind. Work with the McCormick Insurance Inc. group to be better prepared for your umbrella purchase today.

Flood insurance is a government program designed to protect homeowners from damages to their home and property resulting from a flooding event. In some cases, laws may require a homeowner to purchase flood insurance if they live near a body of water such as a coastline, river, or lake. To find out if this type of coverage is required, consult with the finance company as well as a reputable flood insurance provider in your area. 

Is Flood Insurance Required?

In most cases, the client’s real estate agent, as well as the finance company will relay requirement pre-purchase to the buyer so they can complete the transaction. Any potential buyers who have questions about restrictions and requirements in a certain area can consult an experienced home insurance agent to find out what the situation for each potential home is. 

Working With an Agent

The best way to find out if flood insurance is necessary for an area is to work closely with an insurance agent who is familiar with the area. Those who are considering moving to Pembroke Pines, FL should consult with McCormick Insurance Inc. to find out which properties need flood insurance. Their agents are highly experienced and can guide clients through the purchase process and explain all of the terms and conditions so they can be informed. 

Those who are considering making a home purchase in the Pembroke Pines, FL area should consult with McCormick Insurance Inc. to get answers to their questions, as well as help with the selection process and more. Call or stop by today to get started with the process and help protect your investment. 

Pembroke Pines, FL is a wonderful place to live and do business but even in the most idyllic location that are things that can go wrong. That is why you have insurance. All types of insurance have set limits to the liability portion of the policy, business commercial insurance is no exception. Whether you are a large business or a small one, excess insurance is something that you may want to consider. At McCormick Insurance Inc. we are here to help you to make this important decision. 

Some people confuse excess insurance with umbrella insurance. In some ways they are the same, they both raise the liability limit above the original limit of the primary policy. They both do not stand alone, they are used in conjunction with another policy that you own and they are always the secondary line of defense. The purpose of the excess insurance is to fill any gaps that may exist in your coverage, It does not add additional coverage it just extends the coverage you have. Unlike umbrella insurance, it will not cover anything that is not covered in the original policy and it is specific to one particular policy, not all your policies. 

No matter what business you are conducting, you are vulnerable to having the need for liability coverage. With the addition of excess insurance, you are able to customize the insurance that you have to fit your needs. 

When you own a business in Pembroke Pines, FL even the gorgeous weather can’t protect you from all the things that can happen to you. You need to have commercial insurance to protect you and there may be circumstances that make getting an excess policy desirable. The experienced team at McCormick Insurance has the expertise to help you to make sure that your business and your assets are safe. 

Home insurance is one of the most common forms of insurance for people in the Pembroke Pines, FL area. While this type of insurance is fine for someone that is looking to buy a home and move right in, those that are getting one that will need some work and will be vacant for a while should also consider builders and vacant risk insurance. This insurance will cover you in several different ways.

Covers Home During Vacancy

If you buy a home and do not plan on moving in for some time, whether it is because the property is being renovated or moving will take a while, you should consider getting builders and vacant risk insurance. This type of insurance will insure you further during the period of time in which your home is vacant. It may be a requirement based on how long it will be vacant depending on your home insurance policy.

Covers Property Under Construction

Homes that are being built ground up or are being heavily renovated come with a unique set of risks. Due to this, you need the right insurance to protect against these risks. Builders and vacant risk will provide coverage for your home during the construction or renovation process. 

There are clearly many reasons why having builders and vacant risk insurance is a good idea for someone in the Pembroke Pines, FL area. If you need this type of insurance, working with a professional such as the team at McCormick Insurance Inc. will help get you into a great policy. The team at McCormick Insurance Inc. can help you by assessing your situation to determine if builders and vacant risk insurance are right for you. If it is, they can help you get into a policy that provides these unique protections. 

There is nothing better than spending the day on the water in Pembroke Pines, FL, unfortunately, at some point you’ll have to dock the boat, which is a commonly dreaded task for almost all boaters. Regardless of the size of your boat, the wind or the current, it is the close-quarter maneuvering that requires patience and calmness. The good news, there are a few tricks to help make docking safer and easier. Here are a few tips from McCormick Insurance Inc. to help make docking safe and easy.

Approach at a Safe Speed

It is extremely important that you never approach the dock at rate of speed that you want to hit it. Some people like to play around by shifting and throttle, but if the best boater can misjudge the drift and distance or stall the engine, which only leaves the boat, stalled until it regains momentum. The safest way to approach the dock is a slow, steady speed and always be alert to your surroundings.

Keep Arms and Legs Inside the vessel

It is critical that you warn your passengers to keep their legs and arms inside the boat and away from any points of pinching between the dock and the boat. The safest move is to have suspended fenders in place in case the boat lands harder than expected. Arms and legs outside the boat are at risk of serious injury, especially should you hit the dock hard or if there is any debris alongside the dock.

Gauge the Wind

The wind is a primary enemy of boaters, especially when docking. It’s important to gauge the wind force and the direction before heading into the dock; this will help you determine whether you can overcome it or benefit from it. For instance, docking is often easier when the wind is pushing in the direction of the pier. It’s also best to approach a mooring against the current, so always gauge the current when docking; the momentum and direction determine the safest approach.

Remember there’s only one captain on the boat, so don’t get overwhelmed with passengers interfering with your docking plans. Always have a clear plan and prepare all passengers for the landing. Experience and knowledge are key to a fun and safe boating, so always be mindful of surroundings and make sure all passengers wear life jackets.

Residents of Pembroke Pines, FL that are interested in learning more information about boat insurance or upgrading their policy should contact McCormick Insurance Inc.

As a boat owner in the Pembroke Pines, FL area, it is critical to have the correct insurance in place to make sure your asset is protected in the event it is damaged, or you are sued. The specialists at McCormick Insurance Inc. are to help guide you to understand the various boating insurance options and put together a plan that is right for you. 

The types of boats that need insurance

Many people assume that a homeowner’s policy will provide coverage for boats; however, that coverage is minimal. It is meant to cover boats such as a canoe or a very small boat with an engine. If you have a larger or expensive boat, such as a yacht, sailboat, or any vessel that goes over 25 MPH, you will need a separate insurance policy. 

The types of coverages available under a boat policy

For the most part, boat insurance is a liability policy that will protect you against claims for damages or injuries caused by your boat. A boat insurance policy may also cover the following, check with your agent to confirm which coverages you have under your policy. 

Guest passenger liability which covers others who drive your boat with your permission 

Medical expense coverage that pays the medical expenses of you and your passengers 

Damage to equipment attached to the boat such as an anchor

Coverage for theft and vandalism 

The types of value under a boat policy

There are two types of methods to determine how you will be paid in the event your boat is damaged or destroyed. 

The actual value is when the insurer will pay you the market value of your boat at the time it was destroyed. 

Agreed to value means you and your insurer come up with an agreed-to amount before you purchase the policy.

If you are interested in learning more about boating insurance, reach out to an agent at McCormick Insurance Inc. today. We proudly serve the area Pembroke Pines, FL area.