Yacht Coverage

Owning a yacht is a large investment.  Protecting it is a no-brainer.  Your homeowners’ insurance won’t cover more than a kayak’s worth of damage.  So the smart yacht owner purchases yacht insurance.

Yachts are designed to be piloted in water.  Water involves different risks than land, and more of them.  On land, you have to watch out for other drivers, pedestrians, animals, and weather.  On the water, it’s other boat owners, swimmers, animals, weather, and water damage.

Living in Florida, you have the opportunity to sail your yacht in the Atlantic, the Gulf of Mexico, or the Caribbean.  That equals a lot of opportunities for accidents, weather incidents, and water damage to ruin your relaxing day of sailing.

But how to ensure the proper amount of Florida yacht insurance?

Find an Insurer

Start with your dealer.  Where did you buy your yacht?  Many times, the yacht dealer will know good insurance companies who specialize in boat and yacht insurance.  Then, call the agent, and get a quote.

Another way is to contact your homeowner’s policy insurer or your auto policy insurer.  Either of those – if they are different insurance companies – will be able to quote you or send you to a company that can quote you.  Some companies simply don’t deal with boat or yacht insurance.

Talk to other yacht owners.  If they own a yacht, they’ve got insurance.  Listen to their opinion on their insurance company.  Ask questions, such as why they are with their insurer, or why they have a low opinion of their insurer.  You don’t need a customer service nightmare when you need them to help you with a claim.

Do you belong to a yacht club?  They may have some good leads on insurance agents specializing in yacht coverage.  Don’t be afraid to ask for help.

Know Thy Coverage Level

Make sure you know what coverage and how much coverage you want from the get-go.  And make sure you are comparing apples to apples when looking at the different rates.  One company may be quoting a higher rate, but it includes value added services, such as towing.  Or it could be the simple matter that the insurer has a minimum amount of coverage they quote on.

You’ve sunk a lot of money into purchasing and maintaining your yacht.  Don’t let an accident or weather incident sink your investment.  Get the right Florida yacht insurance coverage from YourFloridaInsuranceQuotes.com at the right price and make sure your investment is soundly anchored.

Getting Car Insurance Through FAJUA

If you live in Florida, you need auto insurance just to get behind the wheel of your car. Operating a car without said insurance will, at the very least, land you with a pricey ticket. But sometimes, it can seem like you don’t have many options. Those who can’t afford car insurance but still need to drive are in luck, however. For them, there is FAJUAIf you are looking for FAJUA Insurance then you can visit http://YourfloridaInsuranceQuotes.com and get a free quote.

Florida Automobile Joint Underwriting Association

FAJUA stands for Florida Automobile Joint Underwriting Association. Back in February of 1973, it was created through sections 627.351 and 627.311 of the Florida Statutes. It was made with the expressed intent to subsidize auto insurance for those who wouldn’t otherwise be able to afford it.

Target Market

As we mentioned, some people really need to drive their car but simply can’t afford the insurance that goes with it. Many of the people FAJUA is aimed at helping have a history that makes them unattractive clients for insurance companies. However, if they can’t drive, the only alternative is that they’d become burdens on society due to their lack of income. Florida decided the only way to solve this issue was by forming the Florida Automobile Joint Underwriting Association.

One issue to consider, of course, is the risk the state could be taking on by essentially insuring the uninsurable. If they really can’t get insurance because they have a history of such awful driving, do we really want them on the roads at all? Obviously, many other people have issues with paying for other people’s insurance through taxes. However, this law has been on the books for over 4 decades now, so don’t expect it to change much anytime soon.

How It Works

You have to qualify to receive insurance from the Florida Automobile Joint Underwriting Association. And in order to qualify you have to prove you’re an individual who essentially can’t get insured anywhere else or at least not for a reasonable price you could afford.

There are instances where people could certainly afford their own insurance, but tried going through FAJUA anyway so they could get cheaper rates. This is a 3rd degree felony. Section 817.234 of the state statutes recognizes it as such. Obviously, when compared to paying for auto insurance, it’s probably not worth the risk.

Once they prove they qualify, the uninsured is then given a list of insurance providers in the state that the association has approved. These are the only providers someone can go through when using the Florida Automobile Joint Underwriting Association. The association doesn’t themselves insure drivers, after all, they simply act as a means of subsidizing.

So if you live in Florida and are having trouble affording or even finding auto insurance, don’t think you’ve hit a dead end and don’t elect to simply drive without it. Instead, look into the Florida Automobile Joint Underwriting Association. Countless Floridians have used the association’s help in the past to get insured so they can lead normal lives. FAJUA can do the same for you.

Posted in FAJUA | Tagged

The Importance Of Homeowners Insurance

Why Buy Insurance?

 

Homeowners insurance is critical for a host of different reasons. Your home is one of your most cherished pieces of property, and requires a sizable investment. You sacrificed a large sum of money in order to achieve an idyllic lifestyle, live independently of a landlord or neighboring apartment tenants, etc. Like all pieces of property, however, your home has a statistical probability of being damaged by an external or internal cause. If you live in the Florida area, you are highly familiar with the realities of tumultuous weather, and the unsightly horrors of hurricanes. For this reason, Florida homeowners insurance from someone like http://YourFloridaInsuranceQuotes.com may be a vital necessity. Read below to discover the top ten reasons why you should purchase this type of insurance.

 

Reasons To Buy Homeowners Insurance

 

DId you know that mortgage lenders delight in this type of insurance? Furthermore, deferring to this option actually saves you a considerable amount of money. When you fail to purchase this type of insurance, mortgage lenders subject you to a forced policy, which is generally more costly on your behalf. To ensure best results, do not default on your premium payments, as doing so will compromise your insurance coverage and coerce you into a much higher premium.

Florida Homeowners Insurance will also protect you from potential lawsuits. If an individual is injured on your property, you will be liable if you are not adequately covered on the grounds of your insurance policy. This, in turn, can spiral into an extended period of litigation, a lawsuit that could exact a great toll on your financial status.

Occasionally, home are destroyed by fires, natural disaster, etc. The cost associated with replacing an entire home is one that many are unable to afford. For this reason, it is best to invest in this insurance so that if a disaster happens, you will be able to cover it financially and still retain your normal lifestyle. Homeowners insurance as mitigated the worries of many families who have fallen victim to disaster.

In the event that you are injured on the premises of your own property,  you can receive sufficient medical coverage if your property is protected by homeowners insurance. In some instances, the worst physical injuries occur at home, and require surgery, extensive medical care, and long recoveries.

Many people rely on their homes as one of their most valued investments. Investing in insurance actually helps sustain the equity in your home, which refers to the value of your property. For an uninsured home, physical damage will reduce the equity. However, homeowners insurance grants you the capability to preserve your equity, in spite of physical damage. Many homes are subject to damage from natural disasters, which afflicts some geographical regions more than others. In Florida specifically, residents have personally witnessed the horrors associated with hurricanes, and many have lost their homes to natural disasters. This makes insurance all the more critical in terms of giving a family a sense of safety and security in their own home. Another sound reason why you should invest in this insurance is that it protects you from both robbery and theft.