Minimum Requirements for Commercial Auto Insurance Policies in the State of Florida

If you’re operating a vehicle for any business-related purpose in the State of Florida, you need to get commercial insurance. It’ll be necessary for any vehicle that’s being used for the following purposes:

  • Picking up and delivering goods (such as materials, newspapers, and food).
  • Delivering messages.
  • Taxi and limousine services.

You will also need to get commercial auto insurance on any vehicle that is titled to any business or corporation, as well as any vehicle that is being rented or leased by another person. You will also need a commercial auto policy for any vehicle that will be equipped with any of the following:

  • Snowboarding equipment.
  • Cooking or catering equipment.
  • Bathrooms.
  • Altered suspensions.
  • Hydraulic lifts.
  • Racing equipment

Regardless of the situation, you will need to a commercial policy on any vehicle that’s being used for business-related purposes, even if it’s being used for personal reasons as well.

Coverage Requirements for Commercial Auto Policies

Most states have the same minimum requirements for commercial vehicles as they do for an automobile that’s being used for personal reasons, but there may be some additional requirements if you’re transporting passengers or any hazardous materials. Be sure to talk to an agent to find out what the laws are for commercial auto insurance in the State of Florida, and Connect America Insurance Agency in Jacksonville, FL can help you get the information you need. Our expert agents will be able to get you an affordable commercial insurance policy that will meet state standards. Be sure to contact us today to find out how we can help you!

Federal Regulations on Commercial Auto Insurance

In addition to the state-required minimums, there are strict federal regulations with regard to commercial auto insurance policies – especially if the vehicle is transporting goods or passengers across state lines. However, the specific regulations will depend on what it is you’re transporting. Any provider of commercial insurance must make regular filings to the Federal Motor Carrier Safety Administration (FMSCA) to prove that your policy complies with certain standards. They act as a “proof of insurance,” and they certify that your policy meets current commercial insurance requirements.

If you have any questions about your current commercial insurance policy or need to purchase coverage for a commercial vehicle, you should get in touch with Connect America Insurance Agency in Jacksonville, FL. We would be happy to help you get the coverage you need, and we’ll make sure it’s a price that you can afford. If you want to more information about getting a quality commercial auto insurance policy, get in touch with us today!

Why Minimum Coverage Isn’t the Best Decision for Car Insurance

It can seem appealing to go with the lowest cost car insurance in Jacksonville, FL in the form of minimum coverage. However, what is saved on a slightly lowered monthly premium charge can end up being paid 10 times as much out of pocket when an accident occurs. Minimum coverage is often obtained either through a high deductible or a capped coverage amount (the dollar figure the insurance provider will pay out for a given claim total). While it may mean the basic legal requirement of car insurance is met, that doesn’t mean it’s enough for an accident. According to Connect America Insurance Agency, bargain hunters often find low coverage plans appealing but then are surprised when an accident occurs, leaving them directly holding the bag for damages the plan will not cover after a certain amount. And the law makes the party responsible accountable financially, whether he or she has an insurance plan or not. By simply choosing a plan with a bit of higher coverage, many of these shortage surprises can be avoided entirely as the claims then fall within the full amount of a coverage allowed. That’s a huge difference from being stuck with the remainder of a bill and no way to pay it. For those in such situations, bankruptcy and losing everything ends up being the only alternative.

Those in the Jacksonville, FL area don’t need to resort to such drastic decisions. Instead, by working with the expert staff at Connect America Insurance Agency consumers can get access to plans that are both robust and affordable for their budget situations. Don’t take chances with insufficient coverage. Get proper insurance protection and avoid setting yourself up for a future financial mess in litigation and collection.

Why Minimum Coverage Isn’t the Best Decision for Car Insurance

It can seem appealing to go with the lowest cost car insurance in Jacksonville, FL in the form of minimum coverage. However, what is saved on a slightly lowered monthly premium charge can end up being paid 10 times as much out of pocket when an accident occurs. Minimum coverage is often obtained either through a high deductible or a capped coverage amount (the dollar figure the insurance provider will pay out for a given claim total). While it may mean the basic legal requirement of car insurance is met, that doesn’t mean it’s enough for an accident. According to Connect America Insurance Agency, bargain hunters often find low coverage plans appealing but then are surprised when an accident occurs, leaving them directly holding the bag for damages the plan will not cover after a certain amount. And the law makes the party responsible accountable financially, whether he or she has an insurance plan or not. By simply choosing a plan with a bit of higher coverage, many of these shortage surprises can be avoided entirely as the claims then fall within the full amount of a coverage allowed. That’s a huge difference from being stuck with the remainder of a bill and no way to pay it. For those in such situations, bankruptcy and losing everything ends up being the only alternative.

Those in the Jacksonville, FL area don’t need to resort to such drastic decisions. Instead, by working with the expert staff at Connect America Insurance Agency consumers can get access to plans that are both robust and affordable for their budget situations. Don’t take chances with insufficient coverage. Get proper insurance protection and avoid setting yourself up for a future financial mess in litigation and collection.

Why Minimum Coverage Isn’t the Best Decision for Car Insurance

It can seem appealing to go with the lowest cost car insurance in Jacksonville, FL in the form of minimum coverage. However, what is saved on a slightly lowered monthly premium charge can end up being paid 10 times as much out of pocket when an accident occurs. Minimum coverage is often obtained either through a high deductible or a capped coverage amount (the dollar figure the insurance provider will pay out for a given claim total). While it may mean the basic legal requirement of car insurance is met, that doesn’t mean it’s enough for an accident. According to Connect America Insurance Agency, bargain hunters often find low coverage plans appealing but then are surprised when an accident occurs, leaving them directly holding the bag for damages the plan will not cover after a certain amount. And the law makes the party responsible accountable financially, whether he or she has an insurance plan or not. By simply choosing a plan with a bit of higher coverage, many of these shortage surprises can be avoided entirely as the claims then fall within the full amount of a coverage allowed. That’s a huge difference from being stuck with the remainder of a bill and no way to pay it. For those in such situations, bankruptcy and losing everything ends up being the only alternative.

Those in the Jacksonville, FL area don’t need to resort to such drastic decisions. Instead, by working with the expert staff at Connect America Insurance Agency consumers can get access to plans that are both robust and affordable for their budget situations. Don’t take chances with insufficient coverage. Get proper insurance protection and avoid setting yourself up for a future financial mess in litigation and collection.

How is Cyber Liability Insurance Beneficial to Your Business?

One of the newest forms of insurance that Connect America Insurance Agency, serving the Jacksonville, FL area, offers is cyber liability insurance. This is an insurance policy that business owners should consider purchasing. If you are a business owner, you may wonder what the benefits are to this type of insurance. Here are a few of the ways that cyber liability insurance can be beneficial to your business. 

What it Protects Against

Cyber liability insurance protects against hackers and bots that can destroy your online business or ruin your reputation. This type of insurance helps protect you in case your system is attacked and infected with ransomware, a hacker steals your customers information or your business identity, the theft of sensitive data or intellectual property, or if you are accused of spam-related crimes because of the actions of someone else. 

How it Can Be Beneficial

All of the above things can impact your business and cause you to lose out on money. If your customer data base is breached, customers may stop shopping with you. If your intellectual property is stolen, you may lose out on money. Cyber liability insurance helps to cover any losses you sustain as the result of actions that someone takes over the Internet. This helps your business to stay afloat during rough times, ensuring your business does not go under as a result of all of this. 

If you are interested in learning more about cyber liability insurance or want to get a quote, contact Connect America Insurance Agency, serving the greater Jacksonville, FL area today. Our agents can help determine what your needs are and put together a policy that offers you the coverage levels you should have. 

Will Your Insurance Repair or Replace Your Vehicle in Florida?

Many people in Jacksonville, FL assume their insurance will repair or even replace their vehicles. Its true insurance can pay for repairs, and in cases of a total loss, it can replace a vehicle. However, this doesn’t occur simply because you have insurance. It requires specific packages and coverage. Connect America Insurance Company has the options you might need. Here’s what you need to know.

Paying for Repairs with Collision and Comprehensive Coverage

In Florida, as with most other places, auto insurance will pay for repairs after a collision, up to the policy limits and after the deductible. This comes from the collision and comprehensive coverage, which is often additional coverage on top of the required liability coverage.

Collision – Covers repairs if your car collides with another object.

Comprehensive – Covers repairs if an object or event damages your car.

Anything beyond your policy limits will have to come out of your pocket. That’s why it’s important to have adequate coverage.

For mechanical repairs or repairs needed for wear and tear, insurance won’t typically pay for the damage. It’s possible to obtain insurance specifically for mechanical repairs. If an accident causes damage that necessitates engine or mechanical repairs, then your collision or comprehensive policy may cover it.

Replacing a Vehicle Due to Damage and Inoperability (Total Loss)

If an accident damages your car beyond repair, only collision or comprehensive coverage in Jacksonville, FL can help you to replace it. When the repair costs exceed the value of the vehicle, it’s a total loss.

Different insurance companies have their own ways of dealing with a total loss. If your policy limits can’t cover a full replacement, the insurance company can offer you a settlement. You can use the funds to help you purchase another vehicle.

There’s more to repair and replacement, but it will all depend on your policy and coverage options. At the Connect America Insurance Agency, we offer a number of coverage options and will help you figure out which ones will work best for you. If you want to know more about how comprehensive and collision coverage works, contact us for more information.

Comparing Worker’s Compensation Insurance: Coverage vs. Cost

One of the main questions when discussing worker’s compensation insurance and more broadly, insurance in general, is weighing the cost of the policy against the level and quality of the coverage it provides. For those who are seeking workers’ compensation in Jacksonville, FL, or in any other city, the optimal balance is to obtain worker’s compensation insurance with the highest quality and level of insurance necessary for the lowest cost possible. However, doing this can prove quite difficult, especially if you have never gotten insurance before or if you are looking for a very specific policy.

The first step to balancing the cost and coverage of an insurance policy is to find a reputable insurance agency. One indication that an insurance agency is reputable is that they will have their information readily available if you call or visit their website. It is wise to stay away from insurance agencies that make it more difficult than necessary to access their information. Another excellent source of information for finding reputable insurance agencies is the Better Business Bureau, a non-profit organization which helps settle disputes between consumers and businesses.

Once you have found a reputable insurance agency, you should evaluate the worker’s compensation insurance in terms of coverage provided vs. cost incurred. Different individuals and agencies have different standards, but whether you are working with Connect America Insurance Agency the general rule is to match coverage with cost. For example, if a worker’s compensation insurance policy only offers moderate coverage, then generally the cost to you should be moderate. One final question you might be asking is if your employer offers workers’ compensation insurance.

If you live in Jacksonville FL, or any other city in the state, Connect America Insurance Agency can help. Worker’s Compensation insurance can save you a great deal of pain and suffering, so make sure to call Connect America Insurance Agency if you are interested in more information.

How Umbrella Insurance Helps You Avoid Costly Liability Suits

Understanding insurance and how it works to ultimately save you money can be complicated and confusing. One type of insurance that is often difficult to grasp is umbrella insurance.

With that being said, umbrella insurance is one of the most helpful and important types of insurance to look into as you shop around. Let’s explore what umbrella insurance is and how it can save you money by helping you avoid costly liability suits.

Understanding Umbrella Insurance

Umbrella insurance is a type of insurance that goes above and beyond standard insurance policies, such as homeowners insurance or auto insurance. It adds extra liability coverage to your plans, and this is ultimately why it’s so important.

Most auto insurance policies and homeowners insurance policies do have a certain amount of liability coverage. Naturally, this will depend on the plan that you have, but the truth is that the liability coverage for most standard plans is not very much. Umbrella insurance can help take care of the rest.

Here’s an example. Let’s say that you got into an auto accident that was ultimately your fault. Your standard auto insurance plan might cover up to $100,000 in damages for the other party, but if the actual amount of property damage, medical bills, and other costs exceeds $100,000, you’ll be left in the lurch. In this case, liability insurance from your umbrella insurance plan would swoop in and take care of these costs, saving you hundreds of thousands of dollars.

Call Connect America Insurance Agency Today

If you are a Jacksonville, FL resident and you’re interested in learning more about umbrella insurance or adding umbrella insurance to an already existing plan, give Connect America Insurance Agency a call today or stop into our nearest agency location. We are proud to serve the residents of Jacksonville, FL, and one of our agents would love to sit down and discuss your insurance options with you.

Refinancing and Special Insurance Coverage Escrows

With rising home prices and historically low mortgage rates in Jacksonville, FL, refinancing tends to be a very attractive option for homeowners to either lower their outstanding property debt or to pull out equity to make big changes and repairs on the home. However, the refinancing process has changed significantly since the 2000’s, and a number of new rules have been put in place since the 2009 real estate recession. One of those rules has to do with flood zone areas and flood insurance, according to Connect America Insurance Agency.

Typically, a financed home in Jacksonville FL has to have some kind of homeowners insurance plan in place to protect it. This ensures that the lender’s collateral, the home, is protected and remains valuable in case the home loan can’t be paid back (the lender would then foreclose on the home and sell it to recover the debt). In flood zones, however, general homeowner insurance does not protect a home. A homeowner has to obtain a special flood insurance policy coverage from the National Flood Insurance Plan (NFIP). For a refinance lender, this is a critical protection, especially in areas that the Federal Emergency Management Agency (FEMA) has designated risk areas for flooding.

As a result, those refinancing or going to find that while they may be able to avoid an escrow account requirement for property taxes, they may have to pay an escrow for flood insurance on top of their regular mortgage payment. This type of issue doesn’t appear or become known until the applicant is getting ready to sign the final paperwork on the refinance. To understand how this sort of issue works and get more details on flood insurance, in particular, the folks at Connect America Insurance Agency can help. Email or call today!

How Does Condo Insurance Differ From Home Insurance?

If you have just purchased a condo, you may be looking to obtain home insurance to protect your investment and fulfill your lender’s requirement to carry insurance on the property. However, many people are surprised to know that there is actually a condo insurance product, covering condos. At Connect America Insurance Agency, serving the greater Jacksonville, FL area, we are often asked what the major difference between condo and home insurance is. Here is some information.

The biggest differences between condo and home insurance is what is covered. When you buy a condo, you are typically responsible for maintaining the inside of your unit. You are not required to maintain the exterior of the building or items such as the roof. As such, condo insurance is modified to only cover the items that would apply to you as a condo building, such as only covering the things that are found within your four walls of the building. Because you are not responsible for many things in a condo that you would be in a home, condo insurance is typically cheaper than home insurance as well, which is a welcome sign to many condo buyers, especially those who are just buying their first place.

If you are looking to obtain a condo insurance policy in the greater Jacksonville, FL area, Connect America Insurance Agency would love to help. We can go over your purchase agreement and homeowners association agreement and find out what you are responsible for and what you are not responsible for as far as repairs and maintenance goes in the condo. We can then put together an insurance policy that fully covers you and your investment into the building. Call us today to get a free estimate or to schedule an appointment to put a policy together for you.