How could auto insurance protect me in Florida?

When you are in the Okeechobee, FL area, there are a lot of great activities and amenities that you can take advantage of in your immediate area. When you are looking to enjoy this area as much as possible, you need to get a car. With a car, you will be able to get around town much more efficiently. When you do get a vehicle here, you should also get a quality insurance policy as it could protect you in a number of different ways.

Insurance Protects Car

One of the ways that you can be protected by auto insurance in Florida is that it can protect your car. Your vehicle is an important asset that you need to cover as well as possible. When you get auto insurance, you can receive a full collision and comprehensive policy that will protect your asset if it is stolen or damaged. 

Insurance Gives Liability Coverage

Another benefit of auto insurance is that you will receive liability coverage. It is very important to be safe and careful when you are driving. However, accidents do happen from time to time even if you are a safe driver. If you do cause an accident that results in damages, you will have to pay for restitution. With insurance, you can receive liability insurance to protect against this risk. 

When you are looking for a new auto insurance policy in the Okeechobee, FL area, you will want to get guidance and support from someone that you can trust. The team at Pritchards and Associates Inc. can help you choose a policy that will offer you the right type and level of coverage. When you call Pritchards and Associates Inc. the team will assess your personal situation and help you understand all of your needs and insurance options. 

What does flood insurance cover

It is too late to start wondering if you have flood insurance when you have 12 inches of water inside your home. Flood insurance is something you need to think about now. Floods cause more than 40 billion dollars in damage yearly worldwide. It is estimated that as little as one foot of water can cause $25,000 in damage. If you don’t have flood insurance, you could be paying for the damage out of your savings. If you don’t have the savings you may have to delay making repairs. At Pritchards and Associates Inc in Okeechobee, FL, we are independent agents who take the time to get to know our customers. 

Flood insurance is available through the National Flood Insurance Program which is managed by FEMA. It is available through about 50 different insurance carriers. Prices are set depending on risk so they will be the same no matter which carrier you choose. Your insurance agent will be able to recommend carriers who offer great service. 

Two different types of flood insurance are available, building, and contents. They are sold separately and you can buy one or both. Both offer valuable protection. 

Building

Building coverage covers the structure of the home and the foundation. Beyond that, it covers the major system like electric, plumbing, HVAC, and sewer if the failure is a direct result of the flooding. Additionally, it covers built-ins like cabinets and bookcases, major appliances such as your stove, fridge, and dishwasher, and water heater

Content

Content covers your personal possessions, clothing, electronics, furniture, decor, small appliances, washer and dryer, carpets, microwave, and window air conditioner. 

At Pritchards and Associates Inc in Okeechobee, FL, we understand the risks that the state of Florida posses to homeowners and we can help make sure you have the flood insurance that is right for you. For a no-obligation quote give us a call or stop into our office. 

What are the benefits of having health insurance?

If you live in the Okeechobee, FL area, there are a lot of important forms of insurance that you will need to have. When you are looking for a new insurance plan, it is important that you consider your health insurance needs. There are a variety of benefits overall that comes when you get a full health insurance policy.

Ensures Access to Affordable Care

One of the main benefits that come when you get health insurance is that you can receive access to affordable care. Those that have health insurance are going to have access to great preventative care, which includes being able to see a doctor when needed and get affordable prescriptions. With health insurance, you can also receive out of pocket annual costs that can limit your expenses if you are injured or become ill.

Ensures Legal Compliance

You should also get a health insurance policy because it can help to ensure that you will remain in legal compliance. At this point, everyone in the country is mandated to have some form of health insurance coverage. If you do not have this in place, you could face penalization at the end of the year. 

It is very important that you take your health insurance needs in the Okeechobee, FL area seriously. Since picking a policy is complicated, you should look to work with someone that can provide you with guidance and support. The team at Pritchards and Associates Inc. is dedicated to helping their customers understand their insurance options. When you reach out to the team at Pritchards and Associates Inc. you are going to get personalized service. This will help to ensure that you are able to find a plan that fits into your budget and gives you great health coverage. 

What Type of Life Insurance Coverage is Best for Me?

If you’re younger and in your 20’s or 30’s, you may not think too much about life insurance. Maybe you’re in your 50’s and 60’ and are starting to consider changing your policy or coverage. Whatever the case may be, you can learn about the different types of life insurance coverage and what’s best for you with Pritchards and Associates Inc. 

Different Types of Life Insurance

The land of life insurance can be confusing for some, but Pritchards and Associates Inc. wants to make it easy. Here are the different types of coverage: 

  • Term Life Insurance: This is one of the more popular options. This has a set expiration date and is usually cheaper than other coverage options. 
  • Whole Life Insurance: This insurance type is permanent and has a cash value. These are usually more expensive and are used with people who have families. 
  • Universal Life Insurance: This is much like whole life insurance, but you can change the death benefit amount and premium without having to change policies. 
  • Variable Life Insurance: Similar to whole life insurance, this type of life insurance has a cash value. However, the cash value is usually dispersed into something like the stock market to allow for potential growth and returns. However, you could also lose money as well. 
  • Variable Universal Life Insurance: Essentially, this insurance type is a solid combination of the aspects of variable life insurance and whole life insurance. 
  • Simplified Issue Life Insurance: With this type of insurance, you don’t need to go through a medical exam to determine to find out how risky you are to insure. Instead, you would fill out a health questionnaire. 
  • Guaranteed Issue Life Insurance: This type of insurance doesn’t require a medical exam or questionnaire to determine your insurance risk. As long as you can pay the premium, you’re insured. 
  • Final Expense Life Insurance: This insurance type covers the cost of anything associated with your death, including medical and funeral costs. 
  • Group Life Insurance: This is usually an employer-provided life insurance policy that will either be whole or term.  

Find Out Which Coverage is Best for You 

To find out which coverage is best for you, contact Pritchard’s and Associates Inc. Their office is located in Okeechobee, FL, but you can contact them online for a consultation on coverage. 

Do I need auto insurance in Florida?

The Okeechobee, FL area is a popular place for people to move to and visit. This area offers an incredible amount of local amenities. To ensure that you can enjoy the area as much as possible, owning a vehicle could make a lot of sense. If you are going to get a car here, it is vital that you get the appropriate insurance policy. There are several reasons why you will need auto insurance here.

Provides Valuable Coverage

One reason why you need to get auto insurance in Florida is that it can provide you with very valuable coverage. A full auto insurance policy will give you both liability, collision, and comprehensive insurance coverage. This means that you will be covered if you cause an accident or if your vehicle is damaged and you incur a loss.

Coverage is a Requirement

Another reason why you need to get auto insurance is that it could be a requirement for you. Anyone that drives a car will need to comply with state laws regarding auto insurance. Additionally, if you have taken out a loan to purchase a vehicle, there is a good chance that you will need to maintain full insurance coverage. 

When you are in the Okeechobee, FL area, it is very likely that you will own a car and need auto insurance. When you are in the market for your next auto insurance policy, you should call the team at Pritchards and Associates, Inc. The insurance team at Pritchards and Associates, Inc. can help you to assess your insurance needs to make sure that you choose a policy that offers you the right coverage. This will ensure your vehicle is protected and that you are in compliance with all requirements. 

Important insurance policies all small businesses should consider

All small business owners in the Okeechobee, FL area must protect their businesses with a comprehensive insurance package. Since no one business has the same needs, it is critical to design a policy package that is right for your business. The agents at the Pritchards and Associates, Inc. would be delighted to have the opportunity to build a custom insurance solution for your business. Below is a list of coverages all small businesses should consider. 

Commercial General Liability 

All small businesses should consider a liability policy to protect against claims made by third parties. A liability policy is critically important if you run a business in which customers come to your business as there is potential for slip and fall claims. A general liability policy might even be a requirement of your lease. 

Professional liability 

Professional liability will protect your business against claims that you were negligent in your work or that your business failed to perform. 

Workers compensation 

For many businesses, workers’ compensation will be required by state law. Even if it is not required, a business should consider this coverage to protect your business in the event an employee is hurt on the job. 

Product liability 

If you own a product-based business, you must consider product liability. Even if you believe you take every precaution to ensure that your product is safe, there is always a risk, and a liability policy will protect you in the event of a claim. 

Auto insurance  

If your business has company vehicles, it is imperative that you have an auto insurance policy. It will protect your business against liability in the event one of your vehicles causes an accident 

If you are interested in putting together a comprehensive insurance plan for your company, reach out to an agent at the Pritchards and Associates, Inc. today. We proudly serve the small businesses in the Okeechobee, FL area. 

How Often Should I Revise My Home Insurance Inventory?

An insurer like Pritchards and Associates, Inc. can only protect everything inside your Okeechobee, FL home if they know what’s inside your home. This means that you need to keep an inventory and update it every now and then so that your agent can adjust your policy to cover all your new stuff. There are essentially two points of an update to consider:

  • Whenever you’ve made a large purchase. New fridge? New TV? Take some photos, get the receipt, and let your insurance agent know. Whenever you make a big purchase, it’s a good idea to update your insurer at your next convenient moment. It might not be a big deal to lose a brand new necktie a week after you’ve bought it, but to have a TV ruined in a small fire before you added it to your policy, that can be frustrating.
  • Once every six months to a year. A lot of our possessions are accumulative. That is, we don’t go out and buy a Blu-Ray collection worth a car payment, we buy one Blu-Ray disc at a time until it all starts to add up. This is what your annual or semi-annual checkups are for. It’s a good idea to document with both photos and videos. The video will catch things you might not think to include, and you’ll be glad you caught your sneaker collection on tape if you forgot to add those new Nikes to the list.

Your insurance provider is there to help you out in the event of a disaster, but they can’t cover you unless they know what they’re covering. If you’re still shopping around for an insurer in Okeechobee, FL, call Pritchards and Associates, Inc. or visit our office to get in touch and see what they have for you.

Our Doors Are Open! (COVID-19 Update 05/04/20)

We understand how important insurance protection is to you and your family. That’s why Pritchards And Associates has re-opened our doors for in-person consultations and transactions, effective May 4, 2020.

We also take seriously the safety and health of our clients and staff, so we have instituted additional processes and protocols.

Please Note:

  • Appointments are highly encouraged, as we are allowing only a limited number of people inside the offices at one time in order to ensure social distancing.
  • All matters can be handled via email and phone. Use of these technologies is encouraged.

Thank you for your understanding, and please remain diligent as we navigate this situation together.

Sincerely,

Pritchards And Associates

What Are the Benefits of Recreational Insurance for Your Vehicle?

When you save up enough money to put a down payment on a recreational vehicle, it allows you to hit the trails or waterways in style. To give you peace of mind as you begin your trek, a review of your insurance can give you the confidence to roam without worry. If you need insurance for your recreational vehicle, contact Pritchards and Associates, Inc. in Okeechobee, FL to find the best options for your needs. Meanwhile, learn more about the benefits of RV insurance below.

What Is Recreational Vehicle Insurance?

As with coverage for your truck or car, a recreational insurance plan reimburses you for physical damage to off-road vehicles in case of an accident or burglary. If you experience an accident, recreational insurance added to your auto insurance policy may cover you for bodily injury and property damage.

Benefits of Recreational Insurance

Recreational insurance is easier to understand by comparing it to auto insurance. Like car insurance, your recreational policy covers events such as collisions and some natural events, including hailstorms. You can file a claim after a covered peril and receive compensation up to the maximum insurance limit.

However, unlike car insurance, recreational plans extend your vehicle protection beyond accidents and theft. Some policies cover appliances in your RV. Others protect off-road vehicles such as golf carts and ATVs. There are a lot of options to find coverage to protect all your recreational vehicles, and your insurance agent can help you find the policy that’s perfect for you. 

Contact Pritchards and Associates, Inc. in Okeechobee, FL to learn the best way to meet all your vehicle insurance needs. Set up an appointment for a full review of your current policy to find out if better options are available. 

What Type of Insurance Do I Need If I Live in My RV?

In Okeechobee, FL, the agents at Pritchards and Associates, Inc. work with many individuals who live in their RVs. After years of owning a home and maintaining the property, they now live their lives traveling the open road and enjoying retirement. This poses a problem for some, however, when it comes to how they should insure their new "home." While it is genuinely their own version of home, it is one they can travel in as well.

Your Home Is Mobile

When your home is mobile, you need to have an insurance policy in place that covers it while it is traveling on the highways. This means that the insurance policy you have in place must also meet the same minimum standards for a vehicle that you drive on the highway. As long as you are driving your RV from place to place, it must be covered by an auto policy that will allow it to be driven on the roads.

Protect Your Home

Because you live in your RV, you must also have coverage for your possessions and also be able to cover any liability that you may need. Your RV insurance policy will bring both policies together so that you are fully covered in all of these areas.

At Pritchard and Associates, Inc., the agents can explain how RV insurance works to the residents of Okeechobee, FL. If you are living in your RV, you need to be fully insured! Call and schedule an insurance policy review with one of the agents so that you fully understand what an RV policy is and how it works.