In previous blog entries, McCormick Insurance Inc. explained the general meaning of excess coverage. In this blog, we’ll consider the various types of excess insurance.

Excess Insurance in Brief

Excess insurance, also called secondary insurance, pays for the remainder of an insured cost after the primary policy pays out. Although most people know about umbrella insurance, many other excess or secondary insurance types exist.

Types of Excess Insurance

Types of excess insurance include umbrella insurance and supplemental health insurance. Add excess insurance to your homeowners’ policy with a rider that protects specific items inside your Pembroke Pines, FL home or your health insurance coverage by adding vision or dental coverage.

The term excess insurance generically refers to any secondary insurance. The supplemental Medicare plans described in TV commercials fall into the category of excess insurance. So does the personal medical policy that you purchase to enhance the coverage provided by your employer.

Adding Excess Insurance

To purchase this secondary policy, you must already own a primary policy. For example, your homeowners’ policy provides liability coverage. You can add to it by raising the policy limit to its maximum; beyond that, you purchase an umbrella policy that adds to the liability coverage only.

It works the same way with medical insurance. If you purchase a hospitalization coverage policy, you can add to that primary health insurance with an excess policy that adds prescription drug coverage.

Contact Us Today to Add to Your Coverage

By adding excess insurance, you better protect every facet of your life in Pembroke Pines, FL. Call or email McCormick Insurance Inc. today to get your policy started.

If you own a boat/watercraft or are considering getting one, you should consider getting boat insurance. The purpose of boat insurance is to protect a boat/watercraft, its owner, or passengers from the costs of related incidents, including vandalism, theft, and other types of damages. Are you currently shopping for boat insurance? Here are the key things you should consider:

What Things Should You Consider When Shopping For Boat Insurance?

Here is what you should take into consideration:

• Cost. There are factors affecting the cost of your boat insurance. These factors are the age of your boat/watercraft, its condition, value, the boat’s use (whether it is used for fishing, cruising, or something else), and others. 
• Type of insurance. There are several types of boat insurance. It is essential to familiarize yourself with every kind and decide which one you need. 
• Deductibles and policy limits. It is always essential to consider deductibles because they determine how much you will have to pay for your insurance. It would be best to try to balance an affordable premium and a reasonable deductible. 
• Available discounts. Many insurance companies offer discounts or additional benefits. Therefore, always ask an insurance agent about them, as they can significantly lower your monthly premium.

McCormick Insurance Inc. – Find Great Boat Insurance in Pembroke Pines, FL

Are you a lucky boat owner in Pembroke Pines, FL, or any other nearby town in Florida? Are you searching for boat insurance to protect your boat/watercraft? Do not hesitate to contact McCormick Insurance Inc. We are a team of qualified and experienced insurance agents who will help you find the best policy based on your budget and needs. 

Whether you transport property for clients or deliver artwork, products, or goods for your business, you may benefit from inland marine insurance in Pembroke Pines, FL. At McCormick Insurance Inc., we can walk you through the pros and cons of this specialty insurance. However, if a big part of your business involves moving products or equipment around, it’s probably an excellent way to protect your business. Here’s a little more information on what inland marine insurance is and how it protects companies in Florida.

What Is Inland Marine Insurance?

Construction materials, electronics, solar panels, fine art, food service equipment, medical supplies, and trade show exhibits are just some of the items you can cover with this type of business insurance. Whether you’re a landscaper, business professional, or transportation provider, inland marine insurance gives you liability protection in case of an accident or other covered event. Talk to the pros at McCormick Insurance Inc. to tailor your policy to your business needs. Distribution, aviation, food service, and art galleries are just a few industries in which inland marine insurance can protect valuable assets for you or your clients. 

How Does Inland Marine Coverage Protect My Business?

Does your business frequently store or move assets, equipment, or inventory? With inland marine insurance, you can safeguard your property from damage or loss. This coverage applies to covered items while they are in temporary storage or transit. Come in for an appointment for a free quote and to discuss all your business insurance needs. 

Contact Our Team for Comprehensive Inland Marine Insurance

Do you have questions about whether your business in Pembroke Pines, FL needs inland marine insurance? You can count on our experienced agents to guide you in choosing the best coverage options for you. Contact McCormick Insurance Inc. today to find an excellent policy for your needs. 

Adventuring on the open road, exploring new destinations, and enjoying the outdoors make RVing an enticing adventure. McCormick Insurance Inc. explains some additional coverage options available to Pembroke Pines, FL RV owners.

1. Roadside Assistance Coverage 

When you hit the road for an extended period, it’s not uncommon for your RV to encounter some common problems, such as a flat tire, dead battery, or even running out of gas.

2. Vacation Liability Coverage

As an RV owner, you may wish to entertain guests while parked in your campsite or RV park. A vacation liability coverage option can cover you in case the guests get hurt while in your RV or property damage happens during their stay. This coverage can provide liability protection up to a specified limit.

3. Personal Belongings Coverage

Personal belongings coverage is an excellent option to consider adding to your RV insurance policy to protect your valuables on the road. Think of your mobile phone, camera, laptop, clothing, and other personal gadgets you need to make your RV trip memorable. In the event of damage, theft, or loss, personal belongings coverage includes repair or replacement costs up to a specified limit.

4. Total Loss Replacement Coverage

If you experience total loss of your RV because of an accident or theft, this insurance option helps you replace your RV with a new one. Total loss replacement provides more comprehensive coverage than standard RV insurance policies, which may offer less coverage for the current market value of your RV.

There are many options to enhance your RV insurance coverage. If you’re an RV owner in Pembroke Pines, FL, talk to McCormick Insurance Inc. about the different coverage options available Safe and happy trails!

There are different types of insurance, and you want to make sure you have the right policies to protect you and your interests and assets. One of the options to look into is umbrella insurance. If you’re in the Pembroke Pines, FL area, McCormick Insurance Inc. can help you understand this coverage and why it can be an excellent choice for your needs.

Even with insurance coverage on your house, vehicles, and other aspects of life, you might not feel protected entirely or have the peace of mind you’re looking for. That’s where umbrella insurance comes in. Other policies have limits for coverage, and you can’t exceed those limits. For example, you can only have a certain amount of liability insurance on your car.

But when you have an umbrella policy, you have coverage over and above the limits of your other policies. Like an umbrella that covers you when it rains, this policy covers you even if you reach the limits of another policy. That can be an excellent choice for people with a lot of assets, but even people with lower assets may still need or want the protection this policy offers.

If you’re in or near the Pembroke Pines, FL area, McCormick Insurance Inc. is here to help you get the right umbrella insurance coverage for your specific needs and situation. We understand that you want to feel secure and protected; the right insurance coverage can make that much easier. Contact us today and let our professional, trusted agents give you the information you need about umbrella coverage, so you can make an informed decision about the policy you want for the future.

Having enough life insurance for those you will leave behind someday is essential. If you need life insurance, you can choose from two main types of it. To learn more about life insurance and get started, call us at McCormick Insurance Inc. in Pembroke Pines, FL.

Whole Life Insurance

This is a popular type of life insurance because it comes with several benefits. The first of these is that these policies will last for the rest of your life. When you get a whole life policy and keep paying for it, it will stay in place for as long as you want. It can continue into your old age without becoming more expensive. A whole life policy also gives you the benefit of a cash value. When you keep this policy for years, it will build a cash value. This allows you to have an amount to borrow if you should ever need it. This can be very helpful in cases of financial emergencies. However, whole life insurance does cost more. 

Term Life Insurance

Many people request this type of life insurance because it is so affordable. It is generally the most affordable type of life insurance. However, it comes with an expiration date. Once the term of the policy is over, it expires. The term is generally a specific number of years. And, it doesn’t build up any cash value like whole life does. However, the low price makes it a popular choice regarding life insurance. 

Get Life Insurance

When you need to financially protect your loved ones after you’re gone, you need life insurance. Call us today at McCormick Insurance Inc. in Pembroke Pines, FL when you need life insurance.

When you are a homeowner, insurance policies are essential to have. One of these is home insurance. Another necessary type of coverage is flood insurance. Many people go without flood insurance, but it’s essential to have it in place in case of a flood. When you’re in Florida and need a flood insurance policy, call us at McCormick Insurance Inc. in Pembroke Pines, FL, to get started. 

Floods and Home Insurance

One reason that many people skip getting flood insurance is that they think floods are already covered by their home insurance. However, this is not the case. When you have a flood and only have home insurance, the damage isn’t covered at all. Being safe from floods is very important, especially in Florida. If you don’t have flood insurance, you aren’t well-protected. 

Government Backing

Flood insurance is issued through the National Flood Insurance Program. This federal program backs this insurance and guarantees that it will be available when you have a policy. The program also sets the price for this insurance. This means the price is always the same regardless of where you get your policy. 

Flood Zones

Another reason many people skip flood insurance is because they don’t live in a flood plain. Being in a flood plain makes you more likely to experience a flood. However, being outside one doesn’t mean you won’t be flooded. About 20% of the flood claims that come in are coming from areas that aren’t in a flood zone. This makes it essential to get this coverage no matter where you live and whether you’re in or out of a flood zone.

Get Flood Insurance

If you own a home and don’t have flood insurance, call us at McCormick Insurance Inc. in Pembroke Pines, FL.

Ensuring your business in Pembroke Pines, FL is adequately protected from any unexpected accidents or disasters is important. But between the various types of insurance policies available, it can be challenging to determine which one is right for you. One policy you may have heard of is inland marine insurance. But what exactly is it, and does your business need one? McCormick Insurance Inc explains.

What Is Inland Marine Insurance?

Inland marine insurance covers goods and property that are temporarily away from the insured’s premises—for example, when they’re being transported for business purposes. This coverage typically applies to items such as computers and other electronic devices, tools and equipment, furniture, supplies, and other valuable items used for business operations. It can also include coverage for property in transit by land, water, or air—including if your property is stored at a different location than where your business operates from.

Do I Need It?

You might consider an inland marine insurance policy if the following conditions apply: Your equipment requires frequent transportation, your business regularly ships goods across state lines, you store valuable equipment off-site, or you frequently transport large amounts of materials. Small businesses with limited resources will find this coverage especially useful because it provides an affordable option for protecting their valuable assets while away from their home base.

Contact McCormick Insurance Inc. Today

At McCormick Insurance Inc., we understand the importance of ensuring that your business has the proper protection in place should anything go wrong during transportation or storage away from your premises. Contact us today to learn more about how inland marine insurance coverage can benefit your Pembroke Pines, FL business!