Why You Need Both Home and Flood Insurance Policies

If you’re a homeowner, it’s your job to protect your home and ensure it’s covered in case of serious events. There are a lot of things that can happen to a house and cause damage. When you don’t have the right insurance for your home, you would be on the hook for paying for all the damage. If you have a home insurance policy, you may not be as safe from possible risks as you think. For flood insurance, call us at McCormick Insurance Inc. in Pembroke Pines, FL, to learn more. 

Home Insurance and Floods

If you have a home policy, that’s a good step toward protecting your home and yourself. However, a home policy doesn’t protect against everything. Floods are generally excluded from this coverage. If you only had a home insurance policy and a flood happened, you would have to pay for all the damage yourself. This damage can be extreme and expensive. When you add a flood policy to your insurance coverage, you’re well protected against floods. 

Everyone Needs Flood Insurance 

Some people don’t get flood insurance because they think their home insurance will cover flood damage. Some don’t get this coverage because they think they live in an area that won’t flood. However, virtually every area is subject to flooding. That’s true whether or not you live in a flood zone. About a fifth of all flood claims come from areas not designated as flood zones. That makes it important to get this policy no matter how your home is situated. 

Get Flood Insurance

It would be best to have both home and flood insurance to protect yourself financially. To get a policy of your own, call us at McCormick Insurance Inc. in Pembroke Pines, FL, to get started. 

Little One on the Way? Here’s Why You Need Life Insurance

You want to ensure your little one has everything they need, no matter what. Purchasing a life insurance policy is smart when you welcome a little one. At McCormick Insurance Inc., serving Pembroke Pines, FL, our team is here to help you make sure you have the coverage you need to protect your kiddos. 

When Can You Take Out a Life Insurance Policy for Your Child?

Good news! If your baby has been born, you can take out a life insurance policy. Most life insurance policies require the beneficiary to be at least 0 days old, making it simple to update your current policy as soon as your child is born. An important note: if your child is under the age of 18, your policy may require that any payouts be disbursed to their parent or guardian until they’re an adult.

If you want your minor child to be your primary beneficiary, it’s a good idea to talk with a lawyer about any steps that you need to take to make sure they receive funds directly if you pass away. 

How Much Life Insurance Do I Need?

Working with a financial advisor or a life insurance agent is the only way to understand how much life insurance coverage you need properly. You’ll need to consider any existing financial resources (such as savings or investments) as well as your current financial obligations.

McCormick Insurance Inc., Serving Pembroke Pines, FL Residents

If you’re looking for a life insurance policy to give you the peace of mind that your loved ones will be protected in the event of the unexpected, we’re here to help, and we’re proud to serve the Pembroke Pines, FL community. Reach out to us today to learn more.

Stay Protected From Many Damaging Events With Home Insurance

Every home has vulnerabilities. Countless things can happen to a home that can require repairs. So many things can happen to a house that it’s never a good idea to go even a day without home insurance. Your policy has several types of coverage, each covering a different aspect of your property. When you need a home insurance policy, contact us at McCormick Insurance Inc. in Pembroke Pines, FL to ensure your home is protected. 

Damaging Events

What is a damaging event? In this situation, something happens to your home or the things inside it that cause damage or destruction. A detrimental event can include specific kinds of disasters, calamities, accidents, and more. These events will generally be spelled out in your home insurance policy. Generally, the thing that isn’t covered is flooding. Other than this, you’re protected against damage by your home policy. This means that your possessions in the home and the dwelling are protected. 

Getting Repairs

In many cases, a damaging event means the home needs repairs or rebuilding. Your home insurance covers the entire value of the home so that the policy can pay for the repairs. Without this coverage, you could struggle to pay for the repairs you need to keep the home inhabitable. If it isn’t inhabitable, your home policy will also pay for you to stay somewhere else while your home is being repaired. 

Get Home Insurance to Protect Yourself

If you’re about to buy a home, you need to get insurance right away. It should take effect the first day that you own your home. Call us at McCormick Insurance Inc. in Pembroke Pines, FL to get coverage.

Auto Insurance for Rental Cars in Pembroke Pines, Florida

If you are considering renting a car for your vacation or business trip in Pembroke Pines, FL, you should know that purchasing auto insurance is an integral part of the process. After all, without insurance, who will pay for the damage to the vehicle in the event of an auto accident? And what would happen if someone were to get seriously hurt?

Well, according to the law, there are several options for drivers who wish to rent a car in our state. You are within the legal limits as long as you meet the minimum requirements for coverage, which are $10,000 in personal injury protection and $10,000 in property damage liability. Here are a few different ways in which you can meet the criteria:

Insurance from the Rental Car Company

Many of the top rental car companies offer vehicle insurance coverage as part of your rental agreement. By signing either a Loss Damage Waiver or a Collision Damage Waiver, you should be covered for the cost of all repairs in the case of an accident or, if necessary, a replacement vehicle.

Non-Owner Insurance

If you frequently rent vehicles yet do not own one, you can purchase a separate non-owner auto insurance policy. These policies provide liability coverage when you drive a rental car.

Insurance on your Personal Vehicle

If you already have personal insurance on a car registered in the state, your coverage may extend to rental vehicles. You will need to contact us at McCormick Insurance Inc. to find out if rental cars are within the limits of your coverage.

So, before you rent your next auto, give us a call at McCormick Insurance Inc. We may be able to help you better understand your rental car insurance options in the Pembroke Pines, FL area. We want you to make the best decision for your particular situation, so we would love to help.

What are the main coverages offered by inland marine insurance?

Inland marine insurance refers to a specific type of insurance designed to protect equipment, goods, and materials that are traveling over land or in a storage facility other than a fixed or defined business locale. According to the insurance professionals at McCormick Insurance Inc. in Pembroke Pines, FL, inland marine insurance is considered versatile and customizable insurance coverage capable of protecting a wide variety of property and assets – especially those that are challenging to insure under a typical insurance policy.

Main Coverages Offered By Inland Marine Insurance

Coverage options include:

  • Transportation Coverage for property while traveling by train, truck, or other transportation modes or when warehoused temporarily while in transit.
  • Bailee’s Coverage refers to protection for property left in the temporary possession of someone other than the property owner.
  • Builder’s Risk Coverage, as the name implies, protects (from vandalism, fire, theft, etc.) equipment, structures, and materials related to construction projects.
  • Installation Coverage protects against damages that happen during an installation.
  • The Contractor’s Equipment Coverage is designed to protect tools and contractor equipment in transit between job locations or on-site.

Other coverage options for inland marine insurance include the following:

  • Exhibition and Trade Show Coverage for property that is on temporary display.
  • Fine Arts Coverage for antiques and valuable collectibles when in transit.
  • Equipment Floaters Coverage for machinery/equipment (i.e., construction equipment) that is damaged or stolen in transit between locations.
  • Miscellaneous Property Floater Coverage is a flexible, catch-all category for those items that don’t fit into an existing category.

Contact a Leading Pembroke Pines, FL Inland Marine Insurer

Coverage options and terms for inland marine insurance can vary among insurance providers. For more information, contact McCormick Insurance Inc. at 954-602-5741 or online.

Four Motorcycle Insurance Misconceptions

Motorcycle insurance refers to a type of coverage specifically designed to protect motorcycle owners/operators from potential financial losses (and other damages) that may occur due to an accident or unforeseen events. However, according to the insurance professionals at McCormick Insurance Inc. in Pembroke Pines, FL, several motorcycle insurance misconceptions circulate regarding motorcycle coverage.

Motorcycle Insurance is Unnecessary Because It’s Not My Primary Vehicle.

The Reality– Motorcycle insurance is a mandated legal requirement in most locations – even for those who ride infrequently. So, going without insurance may be unlawful.

My Car Insurance Policy Automatically Covers Me When Riding My Motorcycle.

The Reality– Riding a bike comes with unique risks, which creates special insurance needs that must be met with coverage designed to meet these risks.

Carrying Minimum Liability is Enough Insurance Coverage.

The Reality– Considering the possible property damage and medical costs associated with a car crash/accident, deciding to purchase only minimum liability coverage may be shortsighted as it is likely not to provide enough insurance protection should a serious collision occur.

My Bike is Old, So I Don’t Need Collision or Comprehensive Insurance Coverage.

The Reality– If your bike is older (or you believe the motorcycle has a lower market value), these types of insurance coverages can be valuable as they help cover the cost in the event your bike is the victim of vandalism, theft, an accident, or a natural disaster, and more.

Contact a Leading Pembroke Pines, FL Motorcycle Insurer

Please don’t rely on misconceptions, as they can leave you inadequately protected in the event of an accident or loss. For more information, contact a licensed professional at McCormick Insurance Inc. at  954-602-5741 or online. We look forward to customizing an insurance policy to meet your motorcycle insurance requirements today.

RVing with Pets: Ensuring Furry Friends Are Covered Too

For many pet owners in and around Pembroke Pines, FL, hitting the open road in an RV is a dream. Traveling with pets can be a rewarding experience, but it also comes with responsibilities, including their safety and well-being. 

The Joy of RVing with Pets

RVing with pets allows you to create lasting memories with your furry companions. Pets can be wonderful travel companions. However, it’s essential to prioritize their needs and safety during your RV adventures.

Pet-Friendly RVs

Look for RVs with dedicated pet areas, easy-to-clean floors, and secure pet seating arrangements. Planning for their comfort will make your journey more enjoyable for you and your pets.

Pet Insurance for RV Travel

Just as you prioritize your health and safety with RV insurance, it’s equally important to consider pet insurance. Pet insurance policies can help cover veterinary expenses in case of accidents or illnesses during your travels, the same way insurance covers medical bills for humans. 

Safety Measures for Pets

Implement the following measures to keep your furry friends safe and secure. A good and safe environment will help if claims must be made:

  • Secure Restraints: Use proper restraints like harnesses, pet seat belts, or crates to prevent your pets from moving freely within the RV while in motion.
  • Identification: Ensure your pets have proper identification, such as collars with tags displaying your contact information.
  • First Aid Kit: Carry a pet first-aid kit in your RV to address minor injuries or health issues.
  • Regular Breaks: Schedule frequent travel stops to allow pets to stretch their legs, relieve themselves, eat, and stay hydrated.

McCormick Insurance Inc. Can Help You with Flood Insurance

At McCormick Insurance Inc., we can answer all your questions concerning RV insurance. We assist the Pembroke Pines, FL area. Contact us today.

Stormy Weather Ahead: How Boat Insurance Protects Against Natural Disasters

Boat ownership is a dream for many, but it’s not without risks, especially in turbulent weather. Boat insurance is your lifeline in such situations. Here at McCormick Insurance Inc., serving the greater Pembroke Pines, FL region, we want to help ensure you have the boat coverage you need in case of inclement weather. Here is more information about how boat insurance helps to protect your boat against natural disasters.

Understanding Boat Insurance

Boat or watercraft insurance is a specialized policy that provides protection beyond what standard homeowners’ insurance offers.

Protection Against Natural Disasters

Boat insurance shields your vessel during rough weather:

  1. Storm Damage: It covers storm-related damage like strong winds, heavy rain, and hail, safeguarding both the hull and components.

  2. Hurricane Coverage: In hurricane-prone areas, boat insurance helps repair or replace your boat if it’s damaged during a hurricane or tropical storm.

  3. Flood Protection: Many policies cover flood damage from hurricanes or sudden inundation.

  4. Salvage and Removal: If your boat is damaged or sinks during a natural disaster, insurance covers the cost of salvage and removal.

  5. Additional Expenses: Boat insurance assists with extra costs for temporary repairs or storage after a natural disaster.

When to Consider Boat Insurance in Florida

You cannot prevent natural disasters and storms from hitting. This is why boat insurance is a must. Essential for all boat owners, especially in storm-prone areas, boat insurance ensures your investment is protected. Don’t wait until stormy weather approaches; secure your boat’s future today. If you’re ready to purchase a policy in the greater Pembroke Pines, FL region, the team at McCormick Insurance Inc. would love to help. Call us today to get started. 

Navigating Builder’s and Vacant Risk Insurance in the Sunshine State

Many Florida builders and property owners learned the perils of leaving construction sites or vacant properties without the proper insurance coverage by shelling out thousands of dollars in damages or costs. 

Looking for ways to safeguard your construction project, or if you have vacant properties around the Sunshine State? Consider getting Builder’s and Vacant Risk Insurance to protect your investment!

Talk to an experienced agent at McCormick Insurance Inc. to learn about your best options for coverage. 

What is Builder’s and Vacant Risk Insurance, and Why Do I Need it?

What is Builder’s Insurance?

Builder’s Insurance is a special form of construction insurance that safeguards properties from damage and loss while they are still in the construction phase. 

Why Florida Builders Need It?

Protect your Pembroke Pines, FL investments from a multitude of risks while under construction. 

Common Property Risks Include:

  • Theft
  • Fire
  • Vandalism
  • Weather-Damage

Talk to a builder’s insurance expert at McCormick Insurance Inc. to learn about the best options for covering your properties during construction, renovation, and potential coverages for building materials and equipment. 

What is Vacant Risk Insurance?

Provides financial protection if something happens to your property while it remains vacant between tenants or when its undergoing renovations. 

Why Vacant Property Owners Need It?

Vacant properties in Pembroke Pines, FL, are more susceptible to common risks like vandalism, theft, and water damage. 

Vacant risk insurance coverage can cover these and other unforeseen events that typically cost thousands of dollars in out-of-pocket expenses for uninsured Florida property owners. 

Don’t get caught without builders and vacant risk insurance in Florida!

Talk to a licensed agent at McCormick Insurance to learn more about your builders and vacant risk coverage options in Florida, and apply for a property protection policy today!

Types of Excess Insurance

In previous blog entries, McCormick Insurance Inc. explained the general meaning of excess coverage. In this blog, we’ll consider the various types of excess insurance.

Excess Insurance in Brief

Excess insurance, also called secondary insurance, pays for the remainder of an insured cost after the primary policy pays out. Although most people know about umbrella insurance, many other excess or secondary insurance types exist.

Types of Excess Insurance

Types of excess insurance include umbrella insurance and supplemental health insurance. Add excess insurance to your homeowners’ policy with a rider that protects specific items inside your Pembroke Pines, FL home or your health insurance coverage by adding vision or dental coverage.

The term excess insurance generically refers to any secondary insurance. The supplemental Medicare plans described in TV commercials fall into the category of excess insurance. So does the personal medical policy that you purchase to enhance the coverage provided by your employer.

Adding Excess Insurance

To purchase this secondary policy, you must already own a primary policy. For example, your homeowners’ policy provides liability coverage. You can add to it by raising the policy limit to its maximum; beyond that, you purchase an umbrella policy that adds to the liability coverage only.

It works the same way with medical insurance. If you purchase a hospitalization coverage policy, you can add to that primary health insurance with an excess policy that adds prescription drug coverage.

Contact Us Today to Add to Your Coverage

By adding excess insurance, you better protect every facet of your life in Pembroke Pines, FL. Call or email McCormick Insurance Inc. today to get your policy started.