How Boat Insurance Protects You Financially

Many Floridians take advantage of the natural beauty that the state offers around its lakes and waterways. It is a great time for water sports and fishing, but there are times when things can go wrong. Both the boat and the people enjoying it need insurance coverage when out on the water. Our agents at Pritchards and Associates in Okeechobee, FL will work with you to select the right coverage for your situation. 

Many homeowners believe that their boat is automatically covered by their home insurance policy. In rare circumstances, small watercraft can be covered by this. It is an exception to the rule. Most need a separate boat insurance policy, though. This is especially important for larger boats that sail in international waters or those used for sports.

The policy will have liability coverage and cover any damage to the boat. This means that if someone is injured on the boat and they decide to sue, the owner is financially protected. It also covers damage to mechanical equipment. Acts of vandalism and all of the contents of the boat, such as personal possessions and sporting equipment should also be included. You may also consider uninsured/underinsured boaters’ coverage. One last thing to talk with your agent is about whether to choose a policy option of ‘agreed value’ or ‘actual cash value’. These terms mean the insurance company will either pay out a pre-determined amount or the vessel’s original value less depreciation. 

At Pritchards And Associates in Okeechobee, FL, our agents are knowledgeable about boat insurance. We will discuss your many options and help you select the coverage that makes the most sense for you and how you enjoy your boat. We will take the time to explain every option so that you understand what you are getting. Your boat is an investment. Contact our office by phone, then come in for a visit with our agents. The time to protect your boat is today!

Should Antique Motorcycles carry Full Coverage Insurance?

In most cases, an antique motorcycle is 25 years or older. However, the value of an antique motorcycle can vary greatly and should be considered before shopping for appropriate motorcycle coverage options. Before consulting an insurance agent, be sure to have the bike appraised if the value is significant.

Purchasing Motorcycle Insurance

An antique motorcycle can be just as valuable as an antique car. That is why having an appraisal in hand and working with a skilled insurance agent is a must to provide comprehensive insurance adequately. Bring any paperwork relevant to the value of the motorcycle to the agent, and they can help outline current needs and policies that can cover those needs. 

Working To Find Adequate Coverage

The insurance agent can offer options that also can be added to the policy to avoid gaps in coverage and give complete motorcycle coverage. Those who are in the market for excellent motorcycle coverage in the Okeechobee, FL area should consult with Pritchards and Associates, Inc. to find out what policy options are available to them to cover an antique motorcycle. Additionally, they can discover add-ons that give added protection to both the rider and those who are on the road. 

Motorcycle insurance can be a great asset to those on the open road. Although liability is a must, complete coverage is necessary to protect antique motorcycles, especially those with a higher appraised value. Riders living near Okeechobee, FL should call or stop by Pritchards and Associates, Inc. to find out more about insurance options that fit their current and future needs and find out the answers to any questions about coverage. 

Simple Charts That Outline Coverages

For your convenience, we’ve created some simple charts to help you understand the insurance coverages available for your car, boat, and home. Just click on the titles below to view and download the charts. And call us at (863) 763-7711 to learn more.

Auto Insurance (English)

Auto Insurance (Spanish)

Boat Insurance

Home Insurance

We hope you find these charts useful.

Is Your Florida Home Protected Against Flooding?

Florida is well-known for its beautiful beaches and tropical climate. At the same time, this tropical paradise has its share of “thorns” in the form of tropical storms and hurricanes. If you own a home in Florida, you need the extra protection that flood insurance from Pritchards and Associates, Inc. in Okeechobee, FL has to offer in protecting your valuable investment. Here’s why flood insurance is so vital to Florida homeowners. 

Flooding Can Occur Anywhere

Although homeowners who live in flood zones are at higher risk of flood damage during hurricane season, flooding can occur almost anywhere in Florida, even if you live in a low-risk area. According to FEMA reports, approximately 20-25% of flood claims in the country are made by homeowners living outside of flood zone areas. Hurricanes in Florida are notorious for dumping substantial amounts of water all over the state, increasing your risk of flood damage, regardless of where you live.

Standard Home Insurance Doesn’t Cover Flood Damage

Standard homeowners’ insurance doesn’t generally cover flood damage. Without flood insurance, you could find yourself covering flood damage out of your pocket. Even a small flood of several inches of water can cause tremendous damage to a home’s structure, not to mention the loss of personal property. You could face paying for tens of thousands of dollars’ worth of damage out-of-pocket.

Importance of Protecting Your Assets

Your home is one of your most valuable investments. Losing a home to flooding could be catastrophic for you and your family. In addition to losing your home, floods can destroy your home’s contents, forcing you to start from scratch in recovering your assets.

For more information on flood insurance protection for your Okeechobee, FL home, and personal effects, contact an agent from Pritchards and Associates, Inc. today.  

Don’t Text and Drive

Pritchards And Associates cares about your safety on the roads. And besides being highly dangerous, texting while driving is now illegal. Here’s the scoop …

The Florida law banning texting while driving went in to affect July 1, 2019. The new law makes it a primary offense to text while driving. Therefore, police can pull drivers over specifically for texting. The first offense is a fine of $30 and a point on your driver’s license. The second offense is $60 and three points, if cited again within five years.

Entering letters, numbers or characters into a device is considered texting; this includes emails, and instant messaging. A stationary motor vehicle is not subject to the ban, so technically texting at a stop light is still legal but not advisable. The law also includes exceptions for vehicle navigation such as google maps and Waze. 

Starting Oct. 1, 2019 through Dec. 31, 2019, police will begin issuing a warning to drivers talking on a hand held phone in a school zone or construction zone (while workers are present). Then, beginning Jan. 1, 2020, they will start issuing tickets. It will still be legal to use hands-free technology such as Bluetooth under these conditions.

From a safety standpoint, it’s best to put away the devices and concentrate on driving. Whatever it is, it can wait. 

For more information about the law, please access the statute: http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0300-0399/0316/Sections/0316.305.html 

How Does Family Health Insurance Work?

When it comes to getting health insurance for your family, there are three basic options to choose from. Your situation, including your income, will determine which options you qualify for obtaining. For those who have little to no income, you may be able to get health insurance for your family through a government program at little to no out-of-pocket cost. These plans usually come with small co-pays as well, with some having $0 co-pays. If your income exceeds the minimum threshold for free government health insurance for your family, then you must choose between an employer-sponsored plan or coverage through a private insurance agency. Here at Pritchards and Associates, Inc., serving the Okeechobee, FL area, we help people just like you every day get the health insurance they need to protect their family.

Should I Get Employer-Sponsored Health Insurance?

Some employers offer really good insurance coverage, and we highly recommend getting a policy through your employer if it meets all of your needs at an affordable price. Some people can tap into an individual health insurance policy through an employer at a very low cost, but once they add on family members, the premium becomes expensive. If you can’t afford health insurance for your family through your employer, you can always visit our office.

Should I Get Private Health Insurance For My Family?

One of the top reasons to get private health insurance for your family is because it can be customized to meet your family’s exact needs. We work with clients on a daily basis, helping them customize their policies to ensure every family member receives the health coverage they need. To learn more about customizable health insurance plans for your family, contact Pritchards and Associates, Inc. serving the Port St. Lucie and Okeechobee, FL area today.

 

 

Hurricane Dorian – Important Information

Dear Customer and Friend,
 
With Hurricane Dorian approaching, currently forecasted as a major storm, I want you to know that the Pritchards And Associates Agency Family is here to assist you.  As it appears right now, Dorian will reach us on Tuesday, September 3rd (although that could surely change.) We will be closed Saturday, Sunday and Monday due to the holiday and the hurricane. As weather and damages permit, we will be open for business again as soon as possible. 
 
Should you have a claim, please do the following, being careful to follow the instructions explicitly:
 
1 – Please visit, ahead of time, our website (www.pritchardsinc.com), our blog (especially THIS PAGE), our Facebook Page (https://www.facebook.com/pritchardsinc/), and the two web pages mentioned below, so you are aware of how to reach out to both your insurance company and us, and how to report a claim and mitigate your losses.  We have a lot of information there that you will find useful to help you both through and after the storm. A list of insurance carriers and their contact information can be found HERE and HERE. 

2 – After the storm, call or email your insurance company as soon as possible. Carefully copy down your claim number and call or email us with that claim number. Be sure to state the extent of the damage and if your home is or is not livable. 

3 – Please keep our Agency in the loop if you have questions about or difficulties during the claim process. Remember, a company is only as good as the person you are dealing with. If you have problems along the way in the processing of your claim, please know that while we can’t work miracles, we often can get to the bottom of things that are slowing the resolution of a claim.

4 – For your benefit, keep a claim diary notated with the date and time of all your discussions and contacts with insurance company personnel and their titles, our Agency, your field adjuster, contractors, engineers etc. Do this from the very beginning of the claim and continue until your claim is closed. Keep a copy of all correspondence from anyone associated with the claim. You will likely be dealing with both an in-house adjuster and a field adjuster. The first one, the insurance company desk adjuster, deals with your claim in regard to your policy coverages, and the field adjuster deals with assessing the actual damages. 

5 – Also, please remember that being kind goes a long way. After the last hurricane, two of our own associates had total losses with their homes and yet they were here at work right away, helping others all day. You should be able to reach both us and your insurance company by email or phone after the storm passes. Please understand that we will be handling many inquiries and there could be a delay in getting through because of the volume of calls coming in at one time. We will have our entire staff available and on the phone helping people the first few days after the storm. 

6 – You can reach Pritchards And Associates at the following phone numbers: In the Okeechobee area = (863) 763-7711. Along the coast = (877) 763-6625.’

We pray for your safety and wish you the very best as we face this serious situation.

Sincerely,

Lowell H. Pritchard
General Lines Agent

Romans 15:13

Getting the Most From Your Life Insurance Options

You retired to Okeechobee, FL, and you want life insurance that will protect you and your family from issues. Therefore, you need to talk to us at Pritchards and Associates Inc. right away to learn more about what you can do to ensure that your policy is as high-quality as possible.

Pay Attention to Payout Rates

When buying life insurance, make sure that your policy pays out at a reasonable time. Some plans will take a few weeks to go into effect after a person dies. Others will go into effect almost immediately. The differences mostly lie in the policy cost and what you pay.

For example, more expensive policies typically utilize incentives – such as faster payouts – to get you to buy. And other plans have to pass through a few hands and get some specific execution before they work. So read through what to expect to ensure that you get the most from your policy.

Visit Your Doctor Right Away

Many people try to get a life insurance policy without talking to a doctor. This step is often a mistake because a company may penalize you if they find out you had a health problem before taking to them. However, they are willing to work with you if you have certain illnesses.

For example, if you spot a health problem that could affect your policy, you want to know sooner rather than later. When you see what is happening earlier, you can talk with your insurance provider and find a plan that is specific to that unique situation and save yourself the cash.

We Can Help You

So if you live in Okeechobee, FL and you want high-quality life insurance, please contact us at Pritchards and Associates Inc. to learn more. Our experts will sit down with you and come up with a plan that serves your needs comprehensively and effectively.