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.

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.

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.

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. 

Do I Have to Carry Full-Coverage If I Have an Auto Loan?

Often, when people are purchasing a vehicle through financing in Okeechobee, FL, they find themselves having to carry full coverage auto insurance. There is some confusion revolving around the insuring of financed vehicles, but it is more straightforward than it seems. First, it is crucial to understand that the state is not who requires you to have full coverage. If you were to get pulled over in a financed vehicle, the law only requires that you have liability- just as with any other vehicle. 

It is the finance company- the lender- that requires full coverage insurance. Until you have finished paying the vehicle off, it does not belong to you. It remains the property of your lender. If you are involved in a wreck, you could walk away from the vehicle and loan and leave the finance company responsible for the cost of the damage to the vehicle. 

Due to this, lenders often require that you carry full coverage until the loan is paid off. Sometimes, they allow borrowers to change over to liability once a certain percentage of the loan is paid off. If you fail to carry full coverage until the specified time frame is met, you are going against the contract between yourself and the lender. Breaking any portion of the agreement gives the lender the right to take legal action, including taking the car back. 

Your lender should discuss all of the necessary requirements with you before signing the loan. If you are unsure of the exact requirements, reach out to us here at Pritchards and Associates, Inc. We will help you take a look at the specified conditions and help you find the necessary insurance coverage. Whether you are looking to purchase new insurance, update old coverage, or swap to a provider who can help meet your needs, Pritchards and Associates, Inc. of Okeechobee, FL is here for you. Give us a call or stop by our office today!

 

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.  

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.