BEST RATE INSURANCE EXCHANGE OF AMERICA

Life Insurance

Florida Condo Insurance

We know that designing an effective Florida condo insurance package, that matches citizens individual needs, takes time and effort—not to mention someone who actually understands the insurance industry.

It just so happens that we at Best Rate Insurance are one of Florida’s leading insurance specialists, and we pride ourselves in the ability to help condo owners access the coverage they both need and deserve.

FL condo insurance is a specific insurance policy designed to fit the unique needs of condo owners. Many confuse Florida condo insurance with a renter’s policy, because in fact both can personal property and liability protection; however, citizens need to take into consideration the additional coverage that may be needed for the building based on their condominium association’s overall master policy.

Typically your condo association will insure the building based on one of two approaches: bare walls or single entity. A “bare walls” approach means that the association will insure only the building including walls, the roof, floors, elevators, etc. The association is not responsible for insuring anything inside your unit such as appliances, cabinets, carpeting, wallpaper, plumbing, electrical wiring, etc. In comparison a “single entity” coverage plan means that your condo association will insure the building as well as particular fixtures inside of your unique unit including carpeting, cabinets and appliances. However, it’s important to remember that in both scenarios citizens are still left responsible for their own personal belongings and possessions.

So how do you determine how much coverage you need from your Florida condo insurance? Keep in mind that you’ve worked hard to create a safe, inviting home—and you’ve also worked hard for what’s inside. Whether it’s your new high-definition T.V. or a family heirloom passed down among generations, your possessions are valuable.

When considering the level of security you want to get from your Florida condo insurance, ask yourself:

What is the association’s responsible for insuring?
What am I responsible for insuring?
How much coverage do I need for my possessions?
Do I have replacement cost or actual cash value coverage for my possessions?
Are there policy limits for my valuables? Should I purchase more coverage for those items?
Do I need earthquake or flood coverage for my unit or possessions?

Thankfully, Best Rate Insurance is here to help. We all these questions and varying degrees of liability and responsibility, it’s easy to feel a bit overwhelmed. At Best Rate Insurance we’ll take the time to help citizens determine exactly the amount of coverage they need, and will help to secure it at the most competitive rates available.

Give us a call, we’d love to help. Contact Best Rate Insurance today for more information on your Florida condo insurance options.

Florida Life Insurance From Best Rate Insurance

Term life insurance, whole life insurance, universal life insurance, variable life insurance, survivorship insurance…

the list and combinations seem endless. Do you know which life insurance policy type is right for you? At Best Rate Insurance Exchange of America we can help. Our dedicated team of life insurance professionals understand Florida’s market and regulations and can find the right plan – or mixture of plans – for your specific needs.

Term Life Insurance Basics:

Coverage for a “term” or period of your life.
Lower premiums for higher coverage.
Rates can change after specific terms expire.
No equity – cannot be used as cash value.

Whole Life Insurance Basics:

Exactly like it says – permanent, not for a specific period.
Protection carries with you your whole life.
Can build equity and have cash value.
Higher premiums than term life, but can be more valuable in the long run.

Term and Whole Life Combined:

Build lifelong base of whole live coverage.
Supplement specific times of your life with term insurance.

When to choose term life?

Most people choosing term life have a strategy for long term net worth. They need specific coverage for a period of their lives to protect debt, loved ones, and children. For a homeowner with children it might make sense to have a term life policy to cover the mortgage and living needs until their children are old enough to provide for themselves – in this case the term would expire around the time your children move out.

When to choose whole life?

Whole life can be used in the retirement years as cash assets. It can provide equity for loans and have fixed payments that do not increase with time. Many times whole life policies will pay dividends – although not always.

With so many options many people find themselves overwhelmed when they receive life insurance quotes. Let one of our life insurance professionals put together the right life insurance quote for you. Contact Best Rate Insurance Exchange of America today for more information and get a free FL life insurance quote!