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. 

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. 

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.

We’re Here For You … COVID-19 Update, 03/27/20

We understand how important insurance protection is to you and your family. We also take seriously the safety and health of our clients and staff.

Therefore, Pritchards And Associates is currently serving clients via telephone and e-mail only. Thanks to technology, this does not diminish our ability to handle your needs. There is also a kiosk outside each office for accepting payments if necessary.

This policy will remain in place until further notice.

Thank you for your understanding, and please remain diligent during these times.

Sincerely,

Pritchards And Associates

Toll Free – (877) 763-6625

pritchardsinc.com

We’re Here For You – (COVID-19)

We understand how important insurance protection is to you and your family. We also take seriously the safety and health of our clients and staff.

Therefore, effective March 18, 2020, Pritchards And Associates will be serving clients via telephone and e-mail only. Thanks to technology, this will not diminish our ability to handle your needs. There will be a kiosk outside each office for accepting payments if necessary.

This policy will remain in place until Monday, March 30, 2020, when we will re-evaluate.

Thank you for your understanding, and please remain diligent during these times.

Sincerely,

Pritchards And Associates

Motorcycle Training: A Must for New Riders

If you’re new to motorcycle riding, you can significantly benefit from taking a motorcycle training course to learn safe, defensive techniques for riding. Motorcycle training gives you much-needed practice on your new motorcycle to help you gain confidence on the road. The more riding experience you have, the higher your chances of preventing accidents. At Pritchards and Associates, Inc. in Okeechobee, FL, we encourage new riders to sign up for motorcycle training and take advantage of all that it has to offer. Motorcycle training combined with motorcycle insurance from Pritchards and Associates Inc. can help protect you against motorcycle accidents on the road.

What Can a Training Course Offer New Riders?

Motorcycle training courses are designed to help new riders develop the skills and techniques they need to be a confident rider. Depending on the course you take, training may consist of the following:

  • Motorcycle knowledge and control
  • Defensive techniques for safe riding
  • Hands-on experience in handling different types of motorcycles
  • Training exercises in learning how to brake, accelerate, shift gears, make turns, change lanes, and navigate your bike safely around objects
  • Valuable experience in riding over different types of terrain or in different scenarios

Benefits of Motorcycle Training

During motorcycle training, you have the opportunity to work with experienced riding instructors who can teach you the ins and outs of riding. You hone riding skills in a safe, controlled environment with a reduced risk of accidents and a gain of valuable experience that will make you a more confident rider once you get out on the open road. Your instructor can also provide valuable input on buying a bike or getting your motorcycle license.

Completing a motorcycle training course can also qualify you for discounted insurance coverage. To learn more about motorcycle insurance coverage and costs, contact Pritchards and Associates, Inc. in Okeechobee, FL.