Insurance Coverage to Protect Your Boat While It is Being Stored

Watercraft storage coverage is a type of insurance designed to protect your recreational equipment while it is not in use. Understanding the amount of coverage you need is critical before upgrading your boat insurance policy.

Boat Storage Duration

A standard boat insurance policy protects your boat while actively in use. However, your boat may still be at risk of damage, vandalism, or theft even when stored. The duration you plan to store your boat will determine how long you will need coverage.

If your boat is used year-round, you may only require minimal storage protection. However, if your boat usage is seasonal, it may be stored for longer periods, necessitating a more comprehensive storage policy.

Your Risk Level

The way you store your boat will influence the amount of boat insurance you need. If your watercraft is stored at a facility offering covered storage units, it will be less prone to weather-related damage, requiring a minimal amount of storage coverage.

If your boat is stored outdoors, it is susceptible to damage from the weather and could also be at risk of theft or damage by another person. In this case, you may need more coverage.

Adequate boat insurance will enable you to handle necessary repairs or replacements comfortably.

Insurance Agent Services

A representative of McCormick Insurance Inc. can help set up your boat insurance policy. Call one of our agents if you are in the Pembroke Pines, FL. We’d happily arrange an appointment to discuss your boat insurance policy.

For All the Moveable Property Your Company Owns there Is Inland Marine Insurance

As a business owner, if your company owns assets or property, inland marine insurance should be a consideration. This type of insurance is an intelligent way to protect valuables such as property stored in a warehouse or on third-party land. It becomes an asset should your property be damaged or compromised while another entity holds, stores, moves, or manages it. It covers many types of assets and property. This is why businesses in the Pembroke Pines, FL area trust McCormick Insurance Inc. for their insurance needs.

Why Inland Marine Insurance?

Many companies own property that isn’t permanently stationary. In industries like construction, manufacturing, and distribution, transporting, storing, or relocating products, materials, goods, and equipment is often necessary. Discrepancies may arise around the liability and responsibility of such items, and inland marine insurance can assist in protecting against these. So, if your business involves using a third party for housing, transporting, or managing its products, goods, materials, or property, discussing inland marine insurance with a proficient insurance agent would be wise.

Protection for Your Company’s Movable Property and Assets in Pembroke Pines, FL

If you own a business in Pembroke Pines, FL, and have questions or want to learn more about inland marine insurance, we’re here to help. No matter how big or small your business is or if it owns assets or property, inland marine insurance may offer the safeguard you need. Contact us at McCormick Insurance Inc. to find out how inland marine insurance could benefit your business and ensure it is fully protected.

When Should You Consider Buying an Umbrella Insurance Policy?

Navigating the world of insurance can sometimes feel like deciphering a complex puzzle. At McCormick Insurance Inc. in Pembroke Pines, FL, we strive to make it simpler for you. One often overlooked but valuable type of insurance is umbrella insurance. This policy provides additional liability coverage beyond the limits of your existing home, auto, or other insurance policies.

High Net Worth Individuals

If you have substantial assets, an umbrella insurance policy is worth considering. High-net-worth individuals are often at greater risk of being sued and having their assets targeted. Umbrella insurance protects your hard-earned wealth against large claims or lawsuits exceeding your standard policy limits.

Business Owners and Landlords

Owning a business or rental property comes with its own set of risks. If a tenant or customer sues you for damages or injuries that occur on your property, the liability costs can quickly escalate. Umbrella insurance provides an extra layer of protection, covering legal fees, medical bills, and other expenses that might arise from such incidents.

Parents and Pet Owners

Life with children and pets is full of surprises, some of which can lead to accidents or injuries. Whether it’s a backyard mishap involving a playmate or your dog causing an injury, an umbrella policy can help cover the unexpected costs that go beyond your regular insurance coverage.

Frequent Entertainers

If you often host gatherings at your home, you might be at increased risk for liability claims. From slip-and-fall accidents to more serious injuries, having umbrella insurance can give you peace of mind, knowing you’re covered.

Contact McCormick Insurance Inc. in Pembroke Pines, FL today to learn more about how umbrella insurance policies can safeguard your assets and future. We’re here to help you.

Which Vehicle Types Does RV Insurance Cover?

Determining which vehicles RV insurance covers may seem confusing, but the answer is more straightforward than you might think. Our team at McCormick Insurance Inc., serving the Pembroke Pines, FL area, will gladly answer any questions you have and ensure you obtain the RV coverage you need.

RV Types and Insurance

RV insurance covers four types of vehicles, and each can be relatively modest or more luxurious, though the largest RVs tend to be the fanciest.

Class A RVs are typically top-of-the-line vehicles built on a commercial truck or bus chassis. Many are like houses on wheels and expand with slide-outs when stationary. They often have a kitchen, washer and dryer, full-screen TV, sleep eight people, and have other appointments.

Class B RVs sit on full-size van frames and sleep one or two people. They typically include a galley with a burner, a small refrigerator, and a bathroom. The seating and living spaces are often converted into sleeping areas.

Despite the name, Class C RVs are between Classes A and B in length and weight and are built on a cutaway truck chassis. They commonly include sleeping space over the cab and amenities ranging from modest to near-luxury.

Towable RVs, also called fifth-wheel campers, are pulled by trucks with a fifth-wheel attachment. Towable RVs can be nearly as large and luxurious as Class A RVs. Unlike Class A, B, and C RVs, towable RV insurance covers only the RV, while the truck’s insurance covers the liability and auto-related insurance needs.

Working With McCormick Insurance Inc.

Our McCormick Insurance Inc. team serves the Pembroke Pines, FL, area. We will help you address your RV and other insurance needs, so call us or stop by today to ensure you have the coverage you need.

How to Assess Life Insurance Needs at Different Stages of Life

At McCormick Insurance Inc. in Pembroke Pines, FL, we understand that a person’s needs change as they grow into different stages of life. Your needs in your 20s change when you get into your 30s, 40s, and older. Furthermore, your needs when you are married with no children drastically change when you become a family of 3, 4, or more.

So, we are here to help you assess how life insurance needs differ at various stages of life and how to calculate just how much coverage you should have to protect your family financially.

The following are a few factors that can greatly impact your life insurance needs:

  • Your age: Younger people typically need less insurance, but as their responsibilities and families grow, they need to change their life insurance coverage.
  • Your Family Status: Being single, married, raising children, or sending them off to college all these factors can affect the amount of life insurance you need to set your family up for success if you are no longer in the picture.
  • Your Income: Your income can be used to calculate your potential future earnings and decide how much life insurance is needed in your absence. If you change jobs, you may need to recalculate those figures.
  • Your Debt: The amount of life insurance you may need also depends on the amount you own for your mortgage, credit card debts, vehicle payments, and other loans.
  • Your Assets: Some assets cannot be quickly converted into cash, so it may be wise to consider how much money is in your savings and investment accounts.

When deciding what your survivors may need to live comfortably in your absence, it is good to assess what is required by analyzing the following:

  • Income, current and future for you and your surviving spouse
  • Burial expenses and immediate needs such as funeral expenses, mortgage payoff, and the repayment of debts
  • Education expenses such as college, wedding, retirement plans, and long-term care
  • Evaluate existing assets such as money and other funds your family may have, retirement funds, and insurance policies

Our Experts Can Help

When deciding how much life insurance is needed so your surviving loved ones can live comfortably is a burden that you shouldn’t carry alone. Let our agents at McCormick Insurance Inc. in Pembroke Pines, FL, help you make an informed decision and feel comfortable knowing that your family is protected, no matter your life stage. Call us today at (954) 602-5741.

Flood Insurance: Your Lifeline Against the Rising Waters

Flooding is something that many people in and around the Pembroke Pines, FL area experience and contend with, like many places across the country. That is the bad news. The good news is, despite the damage and havoc that flooding can cause, flood insurance is often the safety net and lifeline people need to recover after the rising waters have passed. That is also why many people from the Pembroke Pines area turn to the experienced and professional team at McCormick Insurance Inc. for all their flood insurance needs.

Flood Insurance: Your Lifeline and Help Against the Flood

When raging waters and rising tides become imminent, the best thing we can do is prepare, even when we can’t stop them. Like any flooding event, the first concern is safety, but many other problems can arise with the rising waters of a flood, even after the waters recede.

The cost of flood clean-up, replacing lost items, and repairing the damage caused by a flood and floodwaters is considerable. That is also why flood insurance is so valuable and why homeowners invest in the protection flood insurance offers. No, we can’t stop floods, but we can be better prepared and protected from the cost of flooding events with solutions like flood insurance protection.

For All Your Flood Insurance Needs

If you live in or around the beautiful Pembroke Pines, FL area and have questions about or need flood insurance, our professional and friendly team at McCormick Insurance Inc. can help. Contact us to learn more and schedule an appointment today for the protection and flood insurance you need and deserve at McCormick Insurance.

Insurance Guidelines for A Newly Constructed Residence

Research insurance products for your newly constructed home. Use the following guidelines to help you prepare an outline for the insurance coverage you wish to purchase.

Location

The location of your home can greatly affect the type of insurance coverage you need. For instance, if you live in a region that experiences heavy rains and high winds, your home will be susceptible to weather-related damage regularly. This may lead you to purchase an insurance policy that provides substantial protection against the elements.

The location of your home could also relate to the risk of theft and vandalism that may occur. If you live in a region where crime is prevalent, you may purchase more insurance to protect against criminal activities. 

Structural Elements

Consider the structural elements that were used in the design of your home. These elements affect the strength and value of your home. Materials that are more susceptible to damage than others should be taken into account. These materials may require additional insurance protection.

Storage

Review the manner in which you store items on your land. If you own a garage, a shed, or another structure designated for storage, it should be insured.

Each structure that is on your land should be assessed independently. The value of the structure, plus the value of what is stored inside, will determine how much insurance coverage is needed.

More Information

Contact an agent who serves Pembroke Pines, FL, to acquire insurance coverage for your newly constructed home. An agent representing McCormick Insurance Inc. will guide your insurance requests.

What Prompts People to Check Car Insurance Rates

Nobody anticipates falling ill or requiring a hospital visit; however, it’s essential to have a plan in case it happens. Health insurance is often a significant part of that plan. It helps us handle our bills and maintain our lifestyle. These reasons, among others, explain why it is advantageous to have health insurance and are the basis for why many individuals in and around the Rochester, MN area seek the professional, experienced, and friendly services of the Safechoice Insurance Agency for their health insurance requirements.

Health Insurance: More than Just about Health

Have you ever encountered someone sick or injured and said, "At least I have health insurance," or "Thank goodness my health insurance covers that"? These phrases express relief and assurance and underscore the importance of having health insurance. Undeniably, health insurance is crucial when you are sick or injured, but it also provides numerous additional benefits.

Rochester, MN – Your Health Insurance Solution

If you reside in the greater Rochester, MN area and have inquiries about health insurance or are keen on exploring the potential benefits of health insurance should you have to miss work or suffer an injury, our reliable and proficient team at the Safechoice Insurance Agency can assist. You cannot predict when you might need health insurance coverage, but knowing that you are covered when the need arises is reassuring. Contact us to learn more and acquire the health insurance solutions you need and deserve today at Safechoice.

Five Benefits of Motorcycle Safety Courses

Completing a motorcycle safety course gives riders foundational knowledge to improve their skills, reducing the chance of being involved in a collision. Read on to learn about their key benefits from our experts at McCormick Insurance Inc. in Pembroke Pines, FL.

1. Improved Riding Skills

There are thousands of motorcycle-related accidents each year, many of which result in death or major injuries. Many collisions can be avoided altogether by beginner and advanced courses. Some skills they can improve include:

2. Increased Safety Awareness

Increasing safety awareness can avoid most causes of these collisions. Safety courses offer information on how to identify potential road hazards, ride defensively, and anticipate the actions of other drivers.

3. Improved Riding Skills

  • Developing Greater Control: Motorcycle courses teach riders how to handle their bike in various situations, including accelerating, braking, and turning, so you have a controlled, smooth riding style.
  • Enhance Defensive Driving: During the course, the instructor gives tips on maintaining a safe distance, scanning the road ahead, and identifying blind spots.
  • Learning Emergency Maneuvers: Your instructor teaches students how to perform emergency actions, such as swerving, making quick stops, and avoiding obstacles.

4. Lower Insurance Rates

Completing a safety course can reduce your insurance premium. Many companies consider riders who take classes to be less likely to cause or be involved in an accident, which minimizes the potential for insurance claims.

5. Meet Legal Requirements

The motor vehicle department may require motorcycle safety courses to obtain a ride license. You may have to take a skills safety test to get a motorcycle insurance endorsement.

Be Safe On the Road

Even experienced riders can increase safety with advanced courses, while new riders should take an introductory class. We’re happy to answer your questions and assist you with adequate motorcycle insurance here at McCormick Insurance Inc. in Pembroke Pines, FL.

Five Types of Inland Marine Insurance and What They Cover

In the realm of business insurance, one of the most misunderstood is inland marine. McCormick Insurance Inc. offers these policies in Pembroke Pines, FL, and they provide a wide range of coverage. Its name likely contributes to both businesses and consumers. Widely considered builder’s risk coverage protects goods and equipment in transit, but that’s not all that inland marine insurance covers.

1. Riggers Liability Coverage

This type of policy pertains especially to contractors regarding equipment and cargo being moved by a crane or other methods of getting large, heavy pieces into place. This coverage does not apply to basic general liability coverage and is available with a supplement add-on to your policy.

2. Installation Floaters Coverage

In general, contractors typically carry out installation floater coverage. These policy riders to inland marine insurance are often known as builder’s risk coverage to provide protection for installations the contractor is handling.

3. Tool and Die Coverage

This coverage benefits machinists and die and tool makers who produce custom metal parts and specialized tools to create them. Tool and die floater coverage protects companies that provide specialized molds and tooling used in manufacturing.

4. Accounts Receivable Coverage

This endorsement is specialized coverage to compensate policyholders for fiscal losses related to accounts receivable. In addition to increasing peace of mind, it comes in handy when such incidents occur.

5. Jewelers Block Coverage

This inland marine endorsement provides coverage to the jewelry inventory that retailers hold. These entities are generally wholesalers, retailers, pawn brokers, and manufacturers.

Contact Us About Inland Marine Insurance

If you have questions or are interested in obtaining inland marine insurance, contact McCormick Insurance Inc. in Pembroke Pines, FL. We’ll handle your needs quickly and professionally.