Why is a home insurance policy necessary?

The Inlet Beach, FL area can be a great place for anyone to purchase a home. When you are a property owner here, you will enjoy the great long-term benefits that come with owning this asset. While there are a lot of advantages that come with owning a property here, there are some risks as well. A great way to offset these risks is by getting insurance for your home. There are several reasons why home insurance is necessary.

Required by Lenders

One reason why getting home insurance is necessary is that it is required by your mortgage lenders. If you are like most people, taking out a mortgage to buy a home is a necessity. Along with this, you will need to meet your lender’s requirements when it comes to carrying insurance. A lender will have specific insurance requirements in place and will likely also require that you have your payments escrowed on a monthly basis. 

Insurance Offers Important Protection

Even if you are not obligated to carry home insurance by a mortgage lender, you still should get this insurance protection. Your home is the largest and most valuable asset that you will likely ever own and losing it due to a fire or other casualty would be devastating. Fortunately, you are able to offset this risk if you do get a new insurance policy that provides full coverage. 

As you are looking for home insurance in the Inlet Beach, FL area, you should call Dune Lakes Insurance. The team at Dune Lakes Insurance can offer you a lot of support that will come to help you choose a policy that will properly protect your home. This will ensure that you and your property are fully covered by insurance at all times. 

Who Needs Commercial Insurance

Did you just start a new business, or have you expanded your venture? If so, then you’ll need commercial insurance. Commercial insurance is protection from any lawsuits that might come your way. Dune Lakes Insurance in Inlet Beach, FL knows all about how you can secure your future with commercial insurance.

Why Commercial Insurance is Important?

You need commercial insurance if you own a business that has a customer base. Even if you don’t directly deal with the public, you could sell a product that may injure someone. If the injured person sues you, then you could be liable for any expenses, including medical fees and lost wages. With insurance, you could be covered from out-of-pocket expenses.

What Commercial Insurance Covers

  • Commercial General Liability. This liability coverage can protect you if someone is physically injured by your business.
  • Business Owner’s Policy (BOP). BOP combines commercial general liability with property damage to protect you from injuries to property or persons.
  • Commercial Auto Insurance. Is additional coverage you can add if your business uses vehicles. This coverage can protect the car and driver if the driver causes an accident while on duty.
  • Worker’s Compensation. This is optional coverage for businesses that have employees. If you are self-employed, you most likely won’t need worker’s comp. If an employee is injured while working, they may sue you without coverage.
  • Cyber Insurance. If your business runs on the internet, as many do, then you are at risk of compromising the security of your customers. With cyber insurance, you’ll be protected if hackers access your customer’s information.

Accidents can happen and if you own a business that is based on customer relations, you’ll need to get commercial insurance. Check with the insurance agents in Inlet Beach, FL at Dune Lakes Insurance to see how you can protect your business today.

Why should someone get umbrella insurance coverage?

Those that live in the Inlet Beach, FL area are going to have a lot of different insurance needs. One form of insurance that all people will need to have is umbrella insurance coverage. This is an important form of coverage that can give anyone additional personal liability insurance coverage. There are several reasons why someone should invest in this type of insurance coverage. 

Coverage for Unexpected Events

While you can get insurance coverage that will protect against some of the more likely risks, it can be hard to predict everything. Since there is always a risk that you could be found liable for damages for an unexpected event, you should try to get a coverage that can protect you as well as possible. An umbrella policy gives a very blanket form of liability coverage that can cover far more situations than what would be covered in other policies.

More Coverage

You also should consider getting umbrella coverage to receive more liability protection. The typical home and auto policy will have coverage limits that are enough to cover most situations and risks. However, there is always a risk that you could be found liable for a very bad accident. Umbrella insurance will provide you with coverage on top of your base policies in the event there is a very bad accident. 

There are a lot of situations when someone in the Inlet Beach, FL area should get umbrella insurance. If you think that this form of coverage is right for you and your situation, you should call Dune Lakes Insurance. Umbrella insurance is a very important form of insurance coverage, but is complex and comes with a lot of options. The team at Dune Lakes Insurance can simplify it for you to ensure you are able to pick the best policy that meets your needs. 

Things To Know Before Buying Flood Insurance

Flood insurance is an important type of insurance that most homeowners should consider regardless of their home’s location. Flood insurance is designed to protect your home and your belongings against damages caused by floods, and provide you with a peace of mind. Purchasing a flood insurance policy may be a complicated process with a variety of exclusions. In order to make it easier, Dune Lakes Insurance serving Inlet Beach, FL and other surrounding communities has prepared the list of things you should know about this insurance before purchasing it: 

  • The amount of flood insurance coverage you get depends on the value of your home and also what is inside. There is an option to opt for a building policy covering floors, roofs, and walls. You can also add a content policy covering household valuables. However, it is important to know that neither policy covers the land on which the building sits. 
  • Flood insurance has its limitations – there are certain things it does not cover. For example, it will not cover damages caused by moisture, mold, mildew, or overflowing sump pumps. Also, most coverages have limitations on covering basements and crawl spaces damages. 
  • There is a waiting period of 30 days that every flood insurance policy has. This means that a flood insurance policy will not take effect until 30 days after it is purchased. For this reason, it is important not to wait until a rainy season and purchase flood insurance as soon as possible. 

 Florida is one of those states that are prone to experiencing flooding. Therefore, if you are thinking of getting a home in the Sunshine State, one of the first things you should consider is flood insurance. Dune Lakes Insurance serving Inlet Beach, FL is ready to assist you in finding a perfect policy based on your needs and budget. Give us a call today to talk to one of your professional insurance agents. 

What to Know About Home Insurance in Florida

In a state that seems to have earned the enmity of every hurricane that forms in the Atlantic Ocean, Floridians know that they must have home insurance in the Sunshine State.  While the government in Tallahassee does not mandate that homeowners purchase home insurance, the reality of protecting your biggest investment means that you need to know about home insurance policies, and how you can use them to ensure that you protect your home in a myriad of situation.  If you have questions regarding your home insurance options in Florida, we welcome you to come to visit our Inlet Beach, FL office and talk with one of the friendly agents here at Dune Lakes Insurance.

The Ins and Outs of Home Insurance Policies

Not all home insurance policies are not created equal, and knowing the difference between the various options, known in the insurance trade as “riders,” can be the difference between a seamless transition in the event of a disaster, or a nightmare of epic proportions.  Why is that?  The vast majority of Floridians buy home insurance with the sole intention of protecting the structural integrity of their home.  While that makes sense, it ignores the other real expenses that you might accrue in the aftermath of a property damaging incident.  As an example, when a home is damaged, the occupants are forced to seek shelter in a motel, eat a much larger proportion of their meals out, and are subject to a mix of unexpected costs.  Discussing all your options with a Dune Lakes Insurance agent can ensure that nothing falls in between the cracks of your home insurance coverage.

Call Our Agents at Dune Lakes Insurance About Your Home Insurance

It’s a scary world out there at times and having a home insurance policy to protect yourself from its, sometimes, capricious effects are the key to your peace of mind and ability to recoup should something happen.  Here at Dune Lakes Insurance, our agents love helping provide that good night sleep for homeowners throughout Inlet Beach, FL.  If you are wondering “how much is enough?” when it comes to your home insurance needs, contact us so we can sit down and have a conversation dedicated to protecting your property and home.

Common Commercial Insurance Exclusions

Commercial insurance in Inlet Beach, FL covers a lot, but it won’t cover everything. While every insurer is different, there are certain exclusions that are fairly common from one insurance provider to the next.

Generally, insurance is there to cover likelihoods. It won’t cover certainties, it generally won’t cover things that are unlikely to ever happen, it covers things that happen to a lot of business owners, and that might happen to you.  This includes equipment breakdown. No matter how well you take care of equipment, if you use it every day, year after year, it’s going to break down. It might last a long time with regular maintenance and replacing parts as they become worn, but the breakdown is inevitable, so your insurer won’t cover it.

You won’t see a lot of commercial insurance providers offering coverage that overlaps with other policies. If you run a home business, for example, your commercial provider isn’t going to cover your home office. That’s on your home insurance provider, and, probably, so is your laptop, and your vehicle, even if you like to call it your "company car."

In agriculture, commercial insurance generally won’t cover things like hay, crops, and grain that are kept outside. Livestock may be covered, but other animals won’t be. If you use a dog to corral your sheep, the vet bills are probably going to have to come out of your own pocket.

Certain features of the commercial property itself generally won’t be covered. That includes sidewalks and foundations. And, your insurer won’t cover flooding or earthquake. Those policies need to be bought through specialty insurers.

Again, every insurer is different, and some specialize in providing coverage that others don’t. At Dune Lakes Insurance, our aim is to connect you with the insurance provider that’s right for your Inlet Beach, FL business. Get in touch with Dune Lakes Insurance and let’s see what we can do for you.

Umbrella Insurance Facts for Inlet Beach, Florida Residents

Protecting your family and assets is your primary focus. Umbrella insurance is designed to provide an extra layer of liability coverage in addition to your current insurance policy, such as homeowners or auto insurance.

Who Can Benefit from Umbrella Insurance?

Umbrella insurance can benefit anyone. This type of insurance coverage is for people who could have an accident that could result in astronomical expenses. If you are held liable for an accident, an umbrella policy prevents you from having to pay out of pocket for medical, legal, and other expenses. Am umbrella insurance policy will cover costs you are responsible for paying up to your policy’s limit.

What Are Some Things an Umbrella Insurance Policy Covers for Inlet Beach, Florida Residents?

Umbrella coverage is suitable for:

  • Bodily injury
  • Property damage
  • Personal injury
  • Landlord liability

Umbrella insurance can also help if you have been sued for:

  • Making an injurious spoken statement (slander)
  • Writing an injurious statement  (libel)
  • Being falsely arrested or placed in dention or imprisonment
  • Malicious prosecution
  • Shock or mental anguish

Umbrella coverage is no ideal for:

  • Business losses International or criminal acts or omissions
  • Personal belongings
  • Written or oral contracts

Dune Lakes Insurance is your one-stop-shop for insurance. We provide insurance solutions for:

  • Auto
  • Home
  • Commercial
  • Life
  • Umbrella 
  • Flood

At Dune Lakes Insurance, we understand your need for reliable, high-quality insurance services. The staff here at Dune Lakes Insurance take pride in the quality insurance services we provide our customers. Customer satisfaction is our main priority. We are located in Inlet Beach, FL, and we are ready to provide you with the insurance solutions that best fit your needs. Contact us now to inquire about our insurance services.

What is Covered by Flood Insurance?

If you own a home in the area of Inlet Beach, FL located in a federally designated flood zone, it is essential to understand what will be covered by your flood insurance policy.

What Will Flood Insurance Cover?

Flood insurance is provided to cover a home’s contents and/or the home’s structure. According to the insurance professionals at Dune Lakes insurance, flood insurance for the contents of homes located in and around Inlet Beach, FL includes the following –

  • Heating units & water heaters
  • Stairwells, foundation walls with the anchoring system
  • Plumbing and electrical systems
  • Built-in appliances like a refrigerator, dishwasher, and stove
  • Wall to wall carpeting permanently installed
  • Permanent built-in cabinets or bookcases
  • Window treatments like blinds
  • Detached garage units
  • Equipment for solar energy
  • Pumps and tanks for well water
  • Fuel tanks.

What will Flood Insurance NOT Cover?

The primary way to determine if flood insurance will cover a loss event is to determine the cause of the flood.

Flood coverage includes those losses caused by an excess of water on property that –

  • Is typically dry
  • It impacts more than 2+ acres of land and more than one property.

This flooding definition expressly excludes damage caused by excess water caused by a sewer backup, or broken water heater, for example.

In general, the following items would NOT be covered by flood insurance –

  • Financial losses due to business interruption
  • Temporary housing expenses for a home that cannot be occupied until repaired
  • Property that is located outside the insured building. This includes decks, hot tubs, fences, and pools
  • Personal property that was stored below grade in the home’s basement
  • Cars, motorcycles, and any self-propelled vehicle
  • Stock certificates, currency, or precious metals

If you have additional questions regarding what is covered by a flood insurance policy, reach out to the insurance professionals at Dune Lakes Insurance.

Is Your FL Home Ready for Summer?

Dune Lakes Insurance is here to help our friends and neighbors in the greater Inlet Beach, FL area make sure that their homes are ready for summer. Taking proactive steps now can help prevent future damage to your home. There are a few easy tasks that you can do now that will help to minimize any damage to your home this summer. And in the unfortunate event that we do experience hurricane damage in our area, our team is here to help!

Summer, the Official Start to Hurricane Season In Florida

  • Trim back trees — broken and loose branches or those that are growing to close to structures or power lines should be trimmed now to prevent them from causes damage during periods of high wind and rain. 
  • Remove all debris from the yard — fallen branches, unused lawn furniture, and other objects that can become airborne during a storm should be removed now. 
  • Repair any loose or damaged roofing or siding — storm season can worsen any already damaged roofing or siding. Take the time now to repair any loose materials and make sure that your home is ready for anything. 
  • Review your homeowner’s policy — knowing that you have the protection you need before a storm hits can give you a great feeling of calm during any storm. Talk to your agent today and make sure that your house and your insurance is ready for summer.

Now is the perfect time to get ready for summer in Florida! If you want to make sure that your house has the protection it needs, contact the team at Dune Lakes Insurance today. We are here to help the residents of the greater Inlet Beach, FL area make sure that hurricane season is as uneventful as possible!

3 Tips for Buying Commercial Insurance in Inlet Beach, FL

Owning a business in Inlet Beach, FL is a dream come true for many people. If that’s you, then you’ll want to protect this asset with commercial insurance. Whether you’ve just started a new business, are expanding an existing one, or are looking to upgrade your commercial insurance policy, here are three simple ways to get started. 

1. Work with a Reputable Agent

Insurance agents are trained to know the in’s and out’s of the insurance industry. Consider him or her your guide for finding and purchasing the right insurance policy for your business. An agent will go over your needs and keep your budget in mind when helping you select the best policy.

2. Compare Several Quotes

It is recommended to compare several insurance quotes before choosing the right one for your business. Go over three or more in detail with your insurance agent who can answer all your questions and concerns, point out details you may not have noticed, and compare cost vs. coverage.

3. Bundle Your Insurance Polices

Your insurance agent may encourage you to bundle your commercial insurance policy under one carrier, along with all your other policies. You can bundle your auto, life, home, umbrella, or any other insurance policies you have to save money on your premiums. You may need to shop around for the right carrier to get the best discount, along with superior coverage. Again, this is where your reputable agent comes in. He or she will save you time and energy by having the ability to find this information quickly.

To learn more about purchasing a commercial insurance policy in Inlet Beach, FL, contact the team at Dune Lakes Insurance, serving this area. Our reputable agents are standing by to take your call and get you started on choosing the best policy to protect your business.