How to Get the Right Amount of Condo Insurance

When it comes to ensuring your home, whether it is a single family home or a condo, you want to make sure that you get the right amount of coverage so that you always know you and your biggest investment are protected no matter what. The last thing you want to do is get the wrong amount of coverage only to find out after it is too late. Here at Pro America Insurance, serving Naples, FL, we want to make sure that never happens to you. Use these tips to ensure you always have the right amount of condo insurance for your condo.

  • Get coverage equal to the value of your condo. The value of your home may not be the same amount that you paid for it. You want to make sure that you have coverage for the value so that you are not missing out on anything that could cause a problem later.
  • Reevaluate the value. Value changes over time and since it is not the amount that you paid for it, you should make sure that you have the right value every few years. You can do this by taking a look at the market or even updating the value when you do upgrades in your unit.

Now that you know how to determine the right amount of condo insurance for your condo, it is time to make sure that you actually have the right amount of coverage. Here at Pro America Insurance, serving Naples, FL, we can help you ensure that you have the right amount of coverage. We can also get a free quote for you to ensure that you are not paying too much for your coverage. Contact us today to get started and get your free quote.

Life insurance: Can it pay out to a minor?

When talking with Pro America Insurance to set up a life policy, there are some things you should know about paying out to a minor. Technically, this is legal. But it’s not advisable. In Naples, FL and pretty much everywhere else in the US, the minor will be the legal beneficiary, but they won’t be given the money until they come of age.

This means that the money will be held either by their guardian or in lieu of direction, a hired legal professional who will manage the money until they are of age, which can get very expensive. Both of these options might seem less than preferable, especially since the child’s legal guardian can do whatever they like with the money in the meantime.

The best option for paying out to a minor is to instead payout to a trusted adult with the instructions that they are to hold onto this money for the juvenile beneficiary. This needs to be an adult that you would trust with your life because there is no way of legally guaranteeing that they will uphold their end of the deal. You can have them sign a contract, but since the policy won’t pay out until you’ve passed, there might not be anyone around who is interested in enforcing the contract.

If you have the utmost faith in the child’s parents, then there’s nothing to worry about. But if you have any doubts, and you want to make sure that your grandson or niece or goddaughter has a little something to put towards college, name your trusted adult when you call Pro America Insurance.

What happens if I have a fire or burglary and I don’t have an inventory?

Being a victim of a burglary or fire is incredibly frightening and stressful. Unfortunately, before you have time to catch your breath you will find yourself trying to make up your losses. One of your most important tasks if your home in Naples, FL suffers a major loss is filing an insurance claim.

Pro America Insurance advises every customer of the importance of making an inventory. You can make a list of all your important valuables, including appliances and jewelry, and even save receipts. Then keep all of your paperwork somewhere separate and safe so that you can get to it when you need to. You can even use your smartphone to take pictures.

If you didn’t make an inventory, or if your list was lost or destroyed, filing a claim will not be as simple, and will definitely not be as fast. There are a few things you could do to try to speed it up.

You could simply try to create the list from memory. This is not an easy process, and you are bound to leave things out. It is also possible you may overestimate the value of some of your items, such as appliances which were older than you remembered.

Get a copy of your policy and carefully go over the limits. You may be underinsured because there are limits on some kinds of valuables, like jewelry.

If a disaster strikes your home in Naples, FL, don’t panic. Call your insurance company immediately to let them know what happened, and get any advice on what to do next. Don’t worry about rushing into a settlement, because you want to get what you deserve on your claim. If you have any questions or would like to talk about obtaining a homeowners policy, contact Pro America Insurance today.

Why Your Naples, FL Transportation-related Business Needs Commercial Auto Insurance from Pro America Insurance

If you own a transportation-based business, such as trucking, delivery or any business requiring CDL operators, then you need specific coverage that neither you nor your employees can get as part of a regular auto insurance policy. Compared to personal vehicle insurance, you have better coverage with a commercial auto policy. Choose the policies that pertain to your business, and feel free to reach out to your Pro America Insurance agent with any questions you might have.

What Types Of Vehicles Require Commercial Insurance?

The type of coverage you need depends on what vehicles you need to ensure. Your commercial auto insurance policy should include truck and cargo insurance for the trucking industry, for example. If you are a contractor or own a contracting company, you need to include coverage for the pickups and vans in your service fleet. Builders should include their large equipment, such as dump trucks. Be sure to include liability insurance for any leased vehicles, although the company you are renting from probably requires that as a condition of the lease.

Whether you employ truck drivers, tow truck drivers, couriers or food delivery guys, you should consider getting commercial auto insurance to protect your business.

Types of Commercial Auto Coverage

The types of policies are similar to your personal auto insurance but typically have higher coverage limits.

Liability Coverage. This coverage pays for property damages and bodily injury due to the use of vehicles owned by the business.

Uninsured Motorists Coverage. This protects your business vehicles from damages caused by an uninsured motorist.

Underinsured Motorists Coverage. This protects your business vehicles from damages caused by a driver with insufficient liability insurance.

Physical Damage Coverage. Protects vehicles owned by the business against accidental damage or loss. This includes collision and comprehensive coverage, as well as specified causes of a loss defined in your policy. This may include theft, hail, flood, fire, vandalism, windstorm and other coverage related your industry.

Federal Requirements Impacting Your Commercial Auto Insurance

Federal law has specific commercial auto insurance requirements for transportation-related businesses. The coverage required varies depending on whether you transport people or good across the state line. It also depends on what you’re transporting. Ask your insurance agent about how the laws apply to your insurance requirements.

Contact Us

Contact Pro America Insurance today to find out the best commercial auto insurance options for your business in Naples, FL, or make an appointment to get a quote.

4 Reasons Why You Need Boat Insurance

If you spend any time in Naples, FL, it’s pretty obvious the residents here love their boats. In fact, boating is the preferred activity of homegrown Floridians and eager visitors all year round! It makes sense that Pro America Insurance customers often turn to us to protect their boats and boating accessories to keep them on the water longer.

While boat insurance is not a legal requirement in Florida, it’s an important investment to make. Boating insurance can cover the cost of boating damages, including:

Injury – Boat insurance typically covers injuries inflicted during the operation of your boat. This coverage extends from passengers on your own boat as well as anyone injured on another vessel or in the water during an accident. 

Property Damage – If your boat inflicts damage to another person’s vessel, or upon docks or other marine equipment, your boating insurance could cover the cost of that damage. Furthermore, insurance can cover the damages to your boat during an accident, often providing funds to repair or replace the vessel.

Vandalism and Theft – Regardless of where you store your boat, it can unfortunately become the target of criminals. A boating insurance policy can help cover the cost of restoration in case of vandalism, or provide coverage for legal proceedings and vessel replacement after an act of theft.

Personal Property – If you carry a  lot of accessories, such as fishing gear, a boating policy could protect those items as well incase they are damaged or stolen. Coverage could also be extended to your trailer and other equipment you use to take the boat in and out of the water.

If you live in the Naples, FL area and want to discover more about boating insurance, please reach out to Pro America Insurance today!

Essential Motorcycle Coverage for New Riders

Your dream of owning a motorcycle has finally come to pass and you’re anxious to hit the road. Before taking that dream bike out for a spin, however, you’ll need insurance protection. Our agents at Pro America Insurance, Naples, FL, can help you obtain the essential coverage you need. As a new rider, you can benefit from all of the following options:

Liability Insurance

New, inexperienced motorcycle riders are at greater risk of causing accidents on the road. Liability insurance covers the cost of injuries and property damage to others in an accident you cause. If you hit a pedestrian or cause an accident that injures other drivers, liability coverage will help cover the cost of their medical expenses and vehicle repairs so you won’t be held responsible for these costs.

Collision & Comprehensive Insurance

To protect your own bike, consider collision and/or comprehensive coverage. Collision insurance pays for damages to your motorcycle if you collide with another vehicle, animal or object. Comprehensive protects your motorcycle against theft and damage caused by fire, vandalism or inclement weather. Although this coverage isn’t mandatory, it could come in handy to help you repair or replace your bike in the event of an accident.

Medical Payments Insurance

Medical payments insurance covers your medical expenses in an accident. Motorcycle riders run a great risk of getting injured in road accidents due to being exposed to outside elements. If you or a passenger on your bike are injured in a crash, this coverage can help pay for the medical treatment you need to recover.

At Pro America Insurance, we recognize the importance of adequate insurance protection for new motorcycle riders. Whether you’re riding around Naples, FL or taking a motorcycle tour of neighboring states, we can put together an insurance package that offers you the protection you need.

Float With Greater Peace of Mind with Boat Insurance

A lot of people who invest money into boat overlook the importance of having boat insurance. Depending on where you live, though, as well as the means through which you financed your boat, you may be required by law to have insurance on your boat. For now, let’s take a quick look at the top three reasons you can float with greater peace of mind when you invest in boat insurance. 

The Water can Get Rough

You never know when a boating accident might take place. You’re floating down the river and out of nowhere another boat bumps into you. It happens all the time. And if the other guy doesn’t have insurance on his boat, you will be left with covering the cost of damage to your boat. 

Your Boat Might Sink

Have you ever wondered what happens to boats that sink to the bottom of the lake? Most times, these boats have to be recovered, and it falls on the shoulders of their owners to cover the cost of having the boats pulled out of the water; this can cost several thousand dollars. With proper boat insurance, though, you won’t have to worry about dipping into your own pockets to pay for the recovering of your boat. 

The Wind can Cause Damage

If you keep your boat tied off at a marina or dock, there is good chance that the wind might get rough and cause damage to your boat or to the dock. Many marinas will require that you have insurance to help cover the cost of any damage that takes place. 

If you would like to learn more about boat insurance in Naples, FL, please contact Pro America Insurance today. 

4 Things You Need to Know about Flood Insurance

Are you under the impression that your homeowner’s insurance policy will pay for flood damage? If so, you should probably think again. Generally, homeowner’s insurance does not provide flood insurance coverage. In fact, you will likely have to purchase a completely separate policy to obtain this type of protection. As for now, let’s take a quick look at four things you need to know about flood insurance. 

Who needs flood insurance?

If you live in an area that is prone to flooding, then the mortgage holder to your home may mandate that you obtain flood insurance. The best way, of course, to determine whether or not you are required to purchase this type of coverage. 

Where to buy flood insurance?

Did you know there are more than 80 companies that sell various types of flood insurance policies? That’s right, and you can also buy this type of insurance through property insurance agents. To learn more about taking advantage of a flood insurance policy, speak with a qualified agent today. 

How much does flood insurance cost?

The amount of money that you pay for flood insurance will depend on a variety of factors. For starters, the location and value of your home are the primary two factors that affect the rate of your flood insurance. The age and style of your home will also affect your insurance rate. Remember, flood insurance rates are set according to a national rate, so they don’t vary from one company to the next. Still yet, any discounts you qualify for may be able to save you money. 

Are there different types of flood insurance?

Flood insurance is flood insurance. All policies are the same in that they provide coverage for flooding, but the amount of coverage that they provide does vary depending on the policy you purchase. 

Contact Pro America Insurance  to learn more about buying flood insurance. 

Can Renters Purchase Flood Insurance?

If you are renting a home in an area that is subject to flooding, you may find yourself wondering if you can purchase flood insurance as a renter. This is a question that we get often at Pro America Insurance. Here are a couple of the questions you may have about this topic and the answers. 

Can Renters Purchase Flood Insurance? 

One of the biggest misconceptions out there is that renters cannot purchase flood insurance. Renters do have the ability to purchase a flood insurance policy. This policy helps to cover the belongings that are contained inside of their rental home. These policies are often capped at a specific amount, but the limits are typically high enough to cover all of the valuables the average person stores in their home. 

Do You Have to Have Renter’s Insurance to Purchase Renter’s Flood Insurance? 

If you do not currently have renter’s insurance and have decided that you do not want to purchase that type of insurance, you may wonder if you are still eligible to buy flood insurance. Flood insurance is separate from a regular renter’s insurance policy. As such, you can obtain a flood insurance policy even if you do not have renter’s insurance. Additionally, the property owner’s insurance policies have no bearing on your right to purchase a policy. Whether or not the property owner carries flood insurance will not have a bearing on whether you can or cannot purchase a renter’s policy. 

If you are renting a condo, apartment, home or other dwelling and are looking to purchase flood insurance to protect your belongings, Pro America Insurance can help find the right policy for your needs. Call us now to schedule an appointment to sit down with one of our insurance agents and discuss your flood insurance needs. 

Do You Need Workers’ Comp Insurance In An Office Environment?

When you run a small business, it can be difficult to understand whether or not you need to carry workers’ compensation insurance. Workers’ comp insurance sounds like something you would only need if you were running a construction business, however, nothing could be further from the truth. In Naples, FL, all businesses with four or more employees are required to purchase workers’ compensation insurance coverage. 

Your first question is likely about how much this insurance coverage is going to cost, and that answer depends on a few different factors, including the type of business you run, the payroll for your business, the insurance company with which you choose to work, and the previous insurance claims made by your business. There are also options in Florida to receive discounts on your workers’ comp insurance, including a 2% deduction for running a workplace safety program and a 5% deduction for running a drug free workplace program. The start up cost of these programs is usually well worth the insurance savings, but it’s important to know that you must renew these programs every year to continue receiving the discount. It’s a good idea to use these discounts- if one of your employees files a workers compensation claim and you are found responsible, you will likely need to pay 100% of the employee’s medical expenses. Your insurance agent can walk you through the step by step process of ensuring you get the largest discount available. 

Workers’ compensation insurance is absolutely necessary, and it’s important to work with an insurance agent whom you trust. Call Pro America Insurance serving Naples, FL today to get your workers’ compensation insurance quote.