Frequently Asked Insurance Questions

1Why is auto insurance so expensive?
  • Florida has an extremely high number of drivers because of its traffic density. Additionally, there are many drivers who are unfamiliar with the roads because they are visiting or only live in Florida part-time. Add to that, the fact that there are many aggressive drivers in Florida.
  • There are many hit and run accidents and staged accidents, especially in Miami, Orlando and Tampa. Many fraudulent chiropractors and attorneys add to the problem by urging accident victims to exaggerate their claims.
  • Last, over 21% of all Florida drivers are uninsured and around 27% carry the lowest amount of bodily injury coverage.
2 Why should I have an agent? Isn't it easier to call a 1-800 number?
  • Having an agent means that you have a trusted advisor that you can call and you will most likely get to talk to the same person. With a large 800 number company, you probably will talk to a different person each time you call.
  • An agent can ask you questions that will prompt a discussion about changes you may want to make to your policy because your agent knows you and your family. For instance, your agent may know that your son is getting his driver's license because your agent saw you at a recent baseball game.
  • A trusted advisor would begin a discussion about life insurance if he or she knows that you're about to have a baby. Your agent might see that you have a magnet or sticker on your car and would then point out why you need special coverage for that situation.
  • We're in your community; we're involved, and your concerns are our concerns.
3Why do I need uninsured motorist coverage?
  • Let's say you're involved in a crash in which the other driver is at fault. You find out the other driver only has the state's minimum required limit of liability coverage, and it's not nearly enough to cover your medical bills for your injuries. In this case, the other driver would be considered underinsured—meaning that they have an auto insurance policy, but it's just not enough to cover the damage. Uninsured and underinsured motorist coverage is designed to help you pay for bills associated with a crash that was caused by another person who either doesn't have an auto insurance policy or has a policy with liability limits that are too low to cover costs associated with a covered loss.
4The Top 10 Mistakes that Small Business Owners Make
1. Failing to consider the amount of capital that it will take, not just to open the doors, but to survive
2. Not having a personal estate plan in place to protect the owner’s family
3. Failing to form a separate business entity in order to insulate their family from potential business liabilities
4. Improper or inadequate insurance
5. Improper human resources management plan, including hiring family and friends.
6. Utilizing business vehicles for personal use, or worse-loaning out business vehicles to friends and family members
7. Procrastinating on getting professionals involved in the business: a good attorney, CPA, and financial planner should all be members of your team from day one
8. Lack of a disaster management plan. Disaster comes in many forms: weather, physical injury, or death.
9. Entering into contracts without reviewing them properly.
10. Using the ideas of others, either through the creation of a product, an image, or online and in social media.