What You Need to Know About RV Insurance

RV ownership opens up a whole new world of travel and adventure for families and individuals. Because an RV is a special type of vehicle, regular auto insurance is usually not the best idea. If you have questions concerning RV insurance, we have answers at Pritchards and Associates Inc, serving Okeechobee, FL. Let’s find out what you need to know about RV insurance.

Isn’t Auto Insurance Enough?

Many people think that adding their RV to their regular auto policy will be adequate. The truth is insurance policies specifically designed for RVs provide customized coverage. An RV policy can include protection of personal belongings because when you travel or stay in your RV for an extended amount of time, your personal belongings will be with you. An RV policy can also be paused if you will not be using the RV for extended periods of time during the year. This can save you money on the policy cost. The best way to know which type of policy will work for you and your family will be to sit down with a knowledgeable insurance representative. 

What Do RV Policies Cover?

An RV insurance policy can be customized to suit your individual needs, however, most policies will cover the following general areas:

Collision/Comprehensive- In the event that your RV is involved in an accident, this coverage will pay for repairs or replacement of your RV. 

Liability- If your RV is the cause of an accident that causes injuries to other vehicles or to individuals, this coverage will pay for damages and medical bills which result. 

If you would like to learn more about our insurance products, please contact our office at Pritchards and Associates Inc, serving Okeechobee, FL. We will be very happy to answer your insurance questions and help you pick the best coverage options. 

Do I need a Florida motorcycle insurance plan?

Those that live in the Okeechobee, FL area will want to own a vehicle to ensure they can get around town efficiently. When you are looking for a vehicle to own, getting a motorcycle can be a great option. With a motorcycle, you will have an efficient and fun vehicle to drive. If you do get a motorcycle here, you do need to get insurance. There are several reasons why you need to have this coverage.

Required for Legal Compliance

A reason that a lot of people in Florida need to get motorcycle insurance is that it is required for legal compliance. If you intend to use your motorcycle out on a public road, you will be obligated to carry this protection at all times. The state requires that you have at least a liability insurance plan in place. 

Protection of Assets

For a lot of owners, having a motorcycle insurance plan is also a good idea as it is a great way to protect their assets. If you are going to invest in a motorcycle, it will be an asset that you will want to last for a long time. If it is ever stolen or damaged in an accident and you do not have coverage, you could lose your investment entirely. With a full collision and comprehensive insurance plan, you will be able to repair or replace your motorcycle in these situations. 

If you are looking for motorcycle insurance in the Okeechobee, FL area you should call Pritchards and Associates Inc. The team with Pritchards and Associates Inc. understands the value that this insurance provides. They can then offer you support and guidance that will help you to choose a plan that will meet your needs. This can keep you in legal compliance and protect your assets. 

How Boat Insurance Protects You Off the Water

Boat insurance does not just protect you on the water, you get protected on the road, in dry-dock, moored, etc. as well. Pritchards and Associates Inc. wants you to understand the essential boat insurance coverages so you why boat insurance is so important and you know when to call us to file a claim on your policy.

When you think of boat insurance, you might think of the protection it affords you on the waters around Okeechobee, FL, and wherever you travel. The liability coverage that pays for the medical bills and settlement if someone incurs an injury while on your boat probably springs to mind. You probably also think of the coverage that pays for your boat repairs if hit by another boat.

Boat insurance protects you off of the water, too, though. Let’s say that you keep your boat in dry-dock. A tornado hits the storage facility. Your boat repairs or replacement get covered by the comprehensive coverage component of your boat insurance.

Perhaps, you instead moor your boat in a marina in Okeechobee, FL. A hurricane hits and the storm surge damages your boat. The comprehensive coverage component also covers this damage.

Driving from the dry-dock to the boat ramp, a truck strikes your vehicle and boat trailer, causing damage to all three. Your auto insurance pays for your vehicle and trailer damage, but your collision coverage on your boat insurance covers the damage to your boat.

Pritchards and Associates Inc. wants you to understand the various coverages you can obtain for your boat. A standard policy may not provide all coverages making it even more important to meet with one of our insurance agents to determine what coverage you really need.

Motorcycle Insurance Variables To Consider While Researching Policies

Based in Okeechobee, FL, Pritchards, and Associates Inc. serve the community by offering residents multiple types of insurance coverage. We strive to help our clients find policies that will address their individual needs. We proudly serve as an independent agency, so we are able to offer our clients a wide variety of options.

Motorcycle Insurance Variables

As you ride around Okeechobee, FL during the summer on your motorcycle, consider the benefits of motorcycle insurance. The policy will protect you if you are involved in a collision and damages occur. You are also protected if your motorcycle is vandalized or stolen. You can also add emergency coverage to protect you if you need roadside assistance. While you are researching different motorcycle insurance policies, learn about some of these important variables.

The Motorcycle’s Model

Your motorcycle insurance policy will be impacted by the type of model that you have. If you have a high-end model, you’ll need different coverage compared to if you have a traditional model. Your policy may be impacted by the amount of time that you spend riding your motorcycle.

Engine Size

The size of your engine is another important variable to look at. Your policy may change if your motorcycle has a large engine.

Accessories

If you have any special accessories on your motorcycle, you may have to amend your policy to cover these items if your motorcycle is damaged or stolen.

Location

In some cases, your policy may be impacted by the locations where you plan to ride your motorcycle. If you are riding your motorcycle in a highly-populated area, the likelihood of an accident is higher than normal. You’ll also want to make sure that you are storing your motorcycle in a secure area when you aren’t using it.

Pritchards and Associates Inc. Will Help You Ride Safely

Visit our website to learn more information about motorcycle insurance.

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.