Three things you need to know about umbrella insurance

Many people could benefit from having an umbrella insurance policy to protect them against liabilities in addition to protection they already have from a standard insurance policy.

At Dune Lakes Insurance, we offer umbrella insurance policies to those living in the Inlet Beach, FL area. The following are three things you should know about umbrella insurance if you’re deciding whether or not to purchase a policy:

Umbrella insurance is added insurance protection for an auto or home insurance policy.

A lot of consumers feel that the coverage offered by standard auto or home insurance is not enough for their needs. While these types of insurance provide coverage of expenses, there are typically certain coverage limits on these policies. Consumers would have to pay out-of-pocket for any expenses in excess of these coverage limits unless they have an umbrella insurance policy. 

Umbrella insurance is typically used to protect you from liabilities if you cause damage to another person’s property.

It’s important to realize that umbrella insurance is designed to protect you from expenses you incur as a result of damage that you are deemed to have caused to another person’s property. This type of insurance will not provide coverage to you for your owns expenses. You cannot file a claim for compensation for damages to your own home or vehicle, for example. 

Umbrella insurance is particularly important for high net worth individuals.

If you have a relatively high net worth, you should seriously consider purchasing an umbrella insurance policy. High net worth individuals are the most susceptible to costly lawsuits because they have funds to protect and are often a target because they may be seen as a source of money to others. 

To learn more about the umbrella insurance policies we offer in Inlet Beach, FL, contact us at Dune Lakes Insurance. 

How to Get the Most Out of Flood Insurance

So you’re aware you need flood insurance but aren’t sure how to maximize the benefits? To get the most out of flood insurance, you’ll need to know what your needs are, what the benefits of your policy are, and be prepared before you have to file a claim. You’ll also need a reliable insurance company with great customer service. If you are in Inlet Beach, FL, Dune Lake Insurance is a great option.

How Much Flood Insurance Do You Need?

Standard policies are underwritten by FEMA through the NFIP. They have limits of $250,000 for your home and $100,000 for contents. If your home and valuables cost more than this to replace, you will be better served purchasing a private policy. If you are renting, you are still eligible for flood insurance. It will cover the cost of replacing your valuables if they are damaged in a flood. 

Private Coverage

You may also consider emergency shelter expenses. Your homeowner’s policy likely covers things like a hotel if you are displaced from your home due to damage. Standard flood insurance does not. However, private policies usually have this benefit. You can also choose higher limits with private flood insurance. Some companies offer up to $5 million in property coverage and $2 million in personal belonging’s coverage. You’ll want to choose the amount that actually covers what you would need to replace your home and valuables without going over to get the best benefit.

Prepare Ahead of Time

It’s important to have anything that is particularly valuable documented with your insurance company. This includes jewelry, antiques, and anything else of great value. If your home is remodeled or you’ve added on, get it reappraised. Getting the most out of flood insurance means documenting the value of your home and its contents before you need to file a claim.

The Right Company Makes the Difference

One way to make sure you get the most out of flood insurance is to work with a reputable company that takes customer service seriously, whether you are buying a policy or making a claim. At Dune Lakes Insurance in Inlet Beach, FL we value our relationships with our customers. 

 

Do I need home insurance if I don’t have a mortgage

Inlet Beach, FL has some prime real estate and owning a home here is definitely a dream come true. Whether this is your primary residence or a second home, you may not be carrying a mortgage on your home. When you do have a mortgage the lender will require that you keep home insurance but without a mortgage, there is no requirement.  But is it a good idea not to carry home insurance? This is a question that the team at Dune Lakes Insurance would be happy to discuss with you. 

When you live in Florida, hurricanes are a fact of life as well as the occasional tornado. But these are not the only reasons that having home insurance even if you don’t have a mortgage is a good idea. Fires can happen anywhere and theft is no less prevalent in Florida than it is in the rest of the country. If you are wealthy, perhaps you could replace not only your home but your personal property out of your own pocket without impacting your life. Most people would not find that option a good alternative when a home insurance policy is both affordable and easy to get. 

Liability an important part of home insurance. If someone is injured while visiting your home or by your furry friend or family member away from home, you could be hit with a legal suit that requires not only legal fees but the potential of a judgment against you. Your home insurance offers you protection up to the amount of your policy, 

Home insurance is valuable protection that every homeowner should consider whether they have a mortgage or not. In the Inlet Beach, FL area, Dune Lakes Insurance can provide you the information you need to make this important decision. Give us a call or stop by our office for a no-obligation quote. 

 

3 Ways to Prevent Accidents in My Business

Business owners in Inlet Beach, FL are constantly looking for ways to protect themselves from financial loss. Preventing accidents is the key to keeping both employees and customers safe from harm. The agents of Dune Lakes Insurance are available to help business owners protect their assets by minimizing the risk of accidents. Training employees to identify potential hazards can help.

Remove Obstacles

Always remove obstacles from the aisles when the store is open. It only takes one small box to create a tripping hazard. Make sure that after stocking shelves, all of the debris is picked up and thrown away. If any items are left over, they should be taken to the back or put on the top shelf as overstock.

Clean Up Spills

When it comes to spills, time is of the essence. Even a small amount of liquid can result in a slip and fall accident. Once the spill has been cleaned up, allow an orange cone or "wet floor" sign to remain over the area until you are sure that it is completely dry.

Make Sure the Area Is Well Lit

One of the biggest causes of accidents is not being able to see where you are going. Always make sure your store and the outside parking areas are well lit. This prevents falls and other types of accidents.

At Dune Lakes Insurance, agents help business owners in Inlet Beach, FL protect their business from loss due to accidents that occur on their property. Call and talk to one of the agents today! They can help you find ways to protect your business and give you peace of mind.

Do I Really Need Umbrella Insurance?

Umbrella insurance is considered necessary by many people. After all, it’s extra liability insurance protection that surpasses the limits on the insured person’s home, vehicle, or boat. The purpose is to give you additional peace of mind and security if an accident were to occur. So, should you invest in umbrella insurance in Inlet Beach, FL?

At Dune Lakes Insurance, we get this question a lot. Our team offers and recommends umbrella insurance because of the extra protection it provides, but it’s important to remember this coverage is optional. 

Is it Worth the Investment?

If you are like most savvy shoppers, you want to ensure the investment you make in insurance coverage is worth it. If an unexpected and unpreventable accident occurs and you are held liable, damages and hospital bills can add up quickly and exceed your policy limits. What then?

If you don’t have umbrella insurance, you will have to cover the additional costs out of your own pocket. However, with an umbrella insurance policy, this isn’t the case. You have additional protection to ensure you won’t have to pay extensive amounts of money if an accident occurs. 

Contact Us to Learn More

Our team at Dune Lakes Insurance is well-versed on the benefits offered by umbrella insurance and can help ensure you are fully covered. If you want more information or if you still have questions, contact our team which serves residents of Inlet Beach, FL. We are here to help you get fully protected no matter what the future brings. Let us help you get the coverage you need for full protection and peace of mind by contacting us today. 

Do I Really Need Flood Insurance

Inlet Beach, FL residents understand the risks associated with hurricanes, but many underestimate the potential for flood damage. The agents of Dune Lakes Insurance have the experience you need to help you find the right policy to protect your home and property. Flood insurance is one of the most overlooked policies on the market but could save you thousands of dollars if your home is damaged by floodwaters caused by hurricanes or heavy rains.

Risk of Flooding

Your risk of flooding increases dramatically if you live in a floodplain. Floodplains are areas of land that are situated near bodies of water. A floodplain is where excess water flows to when it overflows its natural boundaries. Along the coast, rivers, ponds, and lakes all have floodplains that extend outward from their banks. The closer you live to the shore, the higher your risk of water damage.

Better Safe Than Sorry

People will often turn down the option for flood insurance because there is a little history of flooding near their home. For many, it’s better to be safe than sorry where flood insurance is concerned. Living near a floodplain means the potential for damage is always present, even though it may not happen often. It only takes one incident for you to lose everything you own.

If you live in Inlet Beach, FL, call the agents of Dune Lakes Insurance today and ask them about their flood insurance policies. They can provide you with valuable information that will allow you to choose the right flood insurance policy to protect your home and your belongings. Schedule an insurance audit today to get the coverage you need!

Why are You Required to Have Home Insurance?

Home insurance is something that every homeowner needs and that can make a huge difference in how easy it is to recover your life after your home faces disaster. Home insurance covers a great deal and there are some cases in which you are required to have home insurance and knowing what they are can make a big difference in your overall policy. For those that live in the Inlet Beach, FL area, the agents with Dune Lakes Insurance can help you to get the right policy for you.

Home insurance is not required if you own your home outright and have no liens, claims or mortgages out against the home or the value of your home. The reason that you are required to have home insurance is so that the bank or another lending agent that has loaned you money for the value of your home can get their money back should your home become destroyed or no longer be worth the money that they loaned you. This is to protect the bank and to make sure that if something does happen to your home, the bank is not going to be out the money and you are not going to have to find the money on your own.

This is also to help make sure that if something does happen, you are going to be able to collect money and recover from the disaster. Home policies are for the value of the home as well as the value of the contents so that you are not without any recompense if something does happen. For those that live in the Inlet Beach, FL area, the agents with Dune Lakes Insurance can help you find the home insurance policy that works for you.  

What Florida business owners need to know about commercial insurance

Owning a business in the Inlet Beach, FL area is a dream for many people. When you do own a business, there are a lot of very important choices that need to be made. One important choice that you will need to make comes when you pick a commercial insurance policy. Before you pick any commercial insurance policy, there are many important things that all Florida business owners need to understand.

Gives a Variety of Coverage

One of the main benefits of commercial insurance is that it can provide you with a wide variety of coverage options. A commercial insurance policy can include coverage for professional liability, workers compensation, property coverage, and a wide variety of other options as well. This means that you will be able to pick a policy that is right for your situation and properly covers your company.

Often a Necessity

Another very important factor to remember about commercial insurance is that it is often a very necessary requirement. For a small business, there are a variety of regulations and rules that need to be met in order to stay in compliance with the law. For example, those that have a certain number of employees will need to have workers compensation insurance. Also, many lenders will require that you have commercial insurance to help protect their assets in the event of a loss. 

When you are shopping for commercial insurance for your Inlet Beach, FL business, you should speak with the professionals at Dune Lakes Insurance. When you come to Dune Lakes Insurance, you will receive great service and support to help you figure out what type of insurance is right for you. This can ensure that you and your business are properly covered by insurance. 

A Basic Guide to Life Insurance

When you think of life insurance, you probably think in terms of the traditional product that pays for a funeral and perhaps a payment to a beneficiary. Life insurance is really much more diverse than that. This guide from Dune Lakes Insurance of Inlet Beach, FL summarizes the main types of life insurance and explains the differences between them. It includes information on which types contribute to your investment portfolio by accruing value.

You’ll find three major kinds of life insurance, permanent, specialty and term. Of those, term and permanent are the most common. Within those types of insurance, you’ll find numerous policy types:

  • level term,
  • non-level term,
  • whole life,
  • universal life,
  • indexed universal,
  • final expense life,
  • group life,
  • accidental death and dismemberment (AD&D),
  • joint and survivorship.

Permanent insurance is also called whole life. Its variations include variable universal life, universal life, variable life, and traditional whole life. The American Council of Life Insurers reports that in 2016, 6.4 million whole life policies were purchased.

Term Insurance only pays if the person dies within the policy coverage years. Common term policies last 30 years, so death must occur during year one to 30. The only benefit is the lump sum payment. With a level term, the death benefit remains the same year to year, while with the decreasing term, it decreases in one-year increments as the policy years pass.

Specialty insurance refers to items like AD&D coverage which pays a benefit if the insured dies due to an unforeseen accident like a car wreck. It also pays if the insured survived the accident but suffered dismemberment.

Life insurance can be confusing. Contact Dune Lakes Insurance of Inlet Beach, FL to figure out which policies work best for you. We’ll help you get the right insurance to provide for your future.

How do home insurance claims work?

Claiming insurance can be a strenuous process particularly for individuals with less knowledge on how they work. Residents in Inlet Beach, FL know the value of purchasing a home insurance policy, but very few know how to go about claiming it. At Dune Lakes Insurance, we encourage all our insurance holders to learn the home insurance claim process, which gives you a better chance to recover all you have lost in the shortest time possible.

When you should claim your home insurance

The truth is that nobody wishes to claim their home insurance irrespective of the fact that you work hard to pay for it every month because it will mean that everything at home isn’t okay. Disasters do happen, and the best way to save yourself and get out of the mess is claiming your home insurance, and Dune Lakes Insurance helps you get back to normalcy as quickly as possible.

How insurance claim work

In case of a fire breakout, burglary or storm damage, the most critical step is to notify your insurance company. Let them know what happened so that they can find the most suitable solution for you. Take pictures or videos as you assess the damage before the company officials get to you. This way, you will have a good account of your losses and estimate the cost. Your insurance company may ask for the pictures, receipts of the lost items and your rough estimation of the total loss.

The whole process may take time if you are slow yourself, but if you have what’s needed, then your insurance provider should be able to fix your home in no time. To learn more about how to claim your insurance policies, get quotes or discuss new policies, visit us at Dune Lakes Insurance in Inlet Beach, FL today.