The Two Main Types of Life Insurance

Having enough life insurance for those you will leave behind someday is essential. If you need life insurance, you can choose from two main types of it. To learn more about life insurance and get started, call us at McCormick Insurance Inc. in Pembroke Pines, FL.

Whole Life Insurance

This is a popular type of life insurance because it comes with several benefits. The first of these is that these policies will last for the rest of your life. When you get a whole life policy and keep paying for it, it will stay in place for as long as you want. It can continue into your old age without becoming more expensive. A whole life policy also gives you the benefit of a cash value. When you keep this policy for years, it will build a cash value. This allows you to have an amount to borrow if you should ever need it. This can be very helpful in cases of financial emergencies. However, whole life insurance does cost more. 

Term Life Insurance

Many people request this type of life insurance because it is so affordable. It is generally the most affordable type of life insurance. However, it comes with an expiration date. Once the term of the policy is over, it expires. The term is generally a specific number of years. And, it doesn’t build up any cash value like whole life does. However, the low price makes it a popular choice regarding life insurance. 

Get Life Insurance

When you need to financially protect your loved ones after you’re gone, you need life insurance. Call us today at McCormick Insurance Inc. in Pembroke Pines, FL when you need life insurance.

Why Flood Insurance is So Important

When you are a homeowner, insurance policies are essential to have. One of these is home insurance. Another necessary type of coverage is flood insurance. Many people go without flood insurance, but it’s essential to have it in place in case of a flood. When you’re in Florida and need a flood insurance policy, call us at McCormick Insurance Inc. in Pembroke Pines, FL, to get started. 

Floods and Home Insurance

One reason that many people skip getting flood insurance is that they think floods are already covered by their home insurance. However, this is not the case. When you have a flood and only have home insurance, the damage isn’t covered at all. Being safe from floods is very important, especially in Florida. If you don’t have flood insurance, you aren’t well-protected. 

Government Backing

Flood insurance is issued through the National Flood Insurance Program. This federal program backs this insurance and guarantees that it will be available when you have a policy. The program also sets the price for this insurance. This means the price is always the same regardless of where you get your policy. 

Flood Zones

Another reason many people skip flood insurance is because they don’t live in a flood plain. Being in a flood plain makes you more likely to experience a flood. However, being outside one doesn’t mean you won’t be flooded. About 20% of the flood claims that come in are coming from areas that aren’t in a flood zone. This makes it essential to get this coverage no matter where you live and whether you’re in or out of a flood zone.

Get Flood Insurance

If you own a home and don’t have flood insurance, call us at McCormick Insurance Inc. in Pembroke Pines, FL.

Inland Marine Insurance – Is It Right For Your Business?

Ensuring your business in Pembroke Pines, FL is adequately protected from any unexpected accidents or disasters is important. But between the various types of insurance policies available, it can be challenging to determine which one is right for you. One policy you may have heard of is inland marine insurance. But what exactly is it, and does your business need one? McCormick Insurance Inc explains.

What Is Inland Marine Insurance?

Inland marine insurance covers goods and property that are temporarily away from the insured’s premises—for example, when they’re being transported for business purposes. This coverage typically applies to items such as computers and other electronic devices, tools and equipment, furniture, supplies, and other valuable items used for business operations. It can also include coverage for property in transit by land, water, or air—including if your property is stored at a different location than where your business operates from.

Do I Need It?

You might consider an inland marine insurance policy if the following conditions apply: Your equipment requires frequent transportation, your business regularly ships goods across state lines, you store valuable equipment off-site, or you frequently transport large amounts of materials. Small businesses with limited resources will find this coverage especially useful because it provides an affordable option for protecting their valuable assets while away from their home base.

Contact McCormick Insurance Inc. Today

At McCormick Insurance Inc., we understand the importance of ensuring that your business has the proper protection in place should anything go wrong during transportation or storage away from your premises. Contact us today to learn more about how inland marine insurance coverage can benefit your Pembroke Pines, FL business!

Motorcycle Maintenance Tips to Keep You Safe On The Road

Staying safe on the road means keeping your bike in good working order at all times. A poorly maintained bike is an unsafe bike. Here at McCormick Insurance Inc., serving Pembroke Pines, FL, we are committed to helping you stay safe on the road. Keep reading to learn more about bike maintenance tips to keep you safe. 

Air Pressure 

The air pressure in your tires can significantly affect your safety on the road. Overinflated tires can most definitely lead to blowouts. On the other hand, if your tires are underinflated, it can cause a loss of control while driving the bike. Your bike will come with PSI recommendations. Be sure to follow those recommendations while inflating your tires. 


You are already at an increased risk for accidents when you ride your bike simply because of the design of the bike. You do not have the added protection of a vehicle body and windshield. This means that it is even more important that your brakes are in proper working order. Never ignore brake issues that need repair. Always get repairs done quickly. 


Even the fluid levels in your bike can ultimately affect the safety of operating it on the road. Letting fluids such as motor oil get too low could lead to an engine malfunction. If this happens while driving, you could be in serious danger. To keep yourself and others safe, always carefully monitor fluid levels. 

If you want to learn more about motorcycle insurance, please contact us at McCormick Insurance Inc., serving Pembroke Pines, FL, and the surrounding area. 

Is Boat Insurance Really Necessary?

If you own a boat in or near Pembroke Pines, FL, you likely already know that the state of Florida doesn’t require you to carry boat insurance. However, this shouldn’t be taken to mean that you don’t need boat insurance.

We at McCormick Insurance Inc. can help you evaluate your options. But in the meantime, let’s look at a few key reasons you should prioritize buying boat insurance moving forward.

Replacing a boat can be costly.

Like your home or car, your boat represents a considerable investment, so it would naturally cost you a lot of money, time, and effort to replace it if something ever happened. However, boat insurance protects that investment, as it is your peace of mind.

Without it, you’re liable if an accident occurs.

Even the most careful boaters won’t necessarily be able to avoid every accident or mishap that potentially comes their way. But without adequate Washington boat insurance, you could be held financially responsible if someone ever gets hurt or sustains property damage because of your boat. 

Insurance ensures better peace of mind.

It’s not just the consequences of accidents or mishaps that are your fault that you need to worry about, either. It’s not uncommon for boats to sustain damage while in storage or undergoing transit. And you never know when something valuable aboard your boat could become damaged or go missing. Boat insurance can give you peace of mind about all of those possibilities.

So if you’re a Pembroke Pines, FL resident who isn’t currently carrying boat insurance (or may need a policy upgrade), you should know that boat insurance is necessary, even if the state of Florida does not legally require it. Call us at McCormick Insurance Inc. today, and we’ll help you decide the best option for you!

How to Choose Life Insurance Policies

Purchasing life insurance is one of the best ways to protect family, business partners, and anyone else affected due to the policyholder’s unexpected passing. At McCormick Insurance Inc, serving the residents of Pembroke Pines, FL, we are happy to provide insight and assistance with this important task. 

Life Insurance Coverage

Getting the right level of life insurance protection is crucial. Choosing the right policy can include many factors. First, what is the intention of the life insurance policy? Are you trying to protect a business partner from impacts related to your death? Or do you want to offer security to a family member and help them cover expenses after you’re gone? Knowing the goal is the first step. 

Next, consulting with a licensed and knowledgeable life insurance agent can help you determine your current and future coverage needs. The coverage level is generally your yearly income multiplied by ten. Then add an additional $100,000 per child. Coverage levels may vary depending on the business operating cost if the beneficiary is a business partner. 

Once a level and policy are determined, we work with the client to ensure we support them and explain the fine print. We can also communicate information from the policy provider and assist with any changes to the policy. We can also help the beneficiary with the submission of claims. 

Find Out More Today

To learn more about life insurance and how we can help you select the right coverage, please call or stop by McCormick Insurance Inc., serving the residents of the Pembroke Pines, FL, area. We are standing by to assist people who want the peace of mines that only life insurance can provide. 

How to Determine the Right Coverage for a Construction Site

What is the Right Coverage for a Construction Site?

Determining the appropriate coverage for a construction site is vital in managing risks. It is paramount to analyze the potential risks associated with the construction project. Once the risks have been identified, it is imperative to evaluate the coverage options available and select the one that best suits the project’s needs. As the construction project progresses, contractors should be vigilant and consistently monitor and reassess the coverage to ensure it remains optimal.

The Difference Between Builders Risk Insurance and General Liability Insurance

Builders’ risk insurance is like a sturdy shield designed to safeguard a property during construction. On the other hand, general liability insurance acts as a sentinel, vigilantly protecting against third-party claims of bodily injury or property damage. Comprehending the coverage scope of each insurance type and determining which is the ideal fit for a specific construction project is necessary. For more information and assistance, contact McCormick Insurance Inc. in Pembroke Pines, FL, experts in builders and vacant risk insurance.

Understanding Builders and Vacant Risk Insurance in Pembroke Pines, FL

Secure your financial investments in your construction project with builders and vacant risk insurance. This essential coverage shields your project from potential threats like fire, theft, vandalism, and natural disasters. With builders and vacant risk insurance, you are protected against damage caused by these events but also against any loss or damage to materials and equipment during construction.

Unlock the full potential of your construction project and secure your future investments by contacting McCormick Insurance Inc, which serves the Pembroke Pines, FL area.

Excess Insurance FAQ

Insurance can sometimes get overwhelming with so many terms and types. At McCormick Insurance Inc., serving Pembroke Pines, FL, and the surrounding areas, we are here to help demystify insurance. In this quick guide, we will help you better understand excess insurance and whether or not it is a good choice. 

What Is Excess Insurance?

Each type of insurance policy you can purchase will have a payout limit. This is the amount the insurance company is willing to pay for one single claim event. There are times, though, when the expenses that have been incurred by an event exceed that limit. In that case, the individual is left to pay the remaining amount on their own. 

This can be problematic and cause financial hardship. That is where excess insurance comes in. An excess insurance policy can help pay for these additional expenses. 

How Does Excess Insurance Work?

An individual will purchase an excess insurance policy for a specific amount. The policy can be used if another policy has been exhausted. 

How Much Excess Insurance Do I Need?

The amount a person would need for this type of policy will vary from person to person. You need to sit down with an insurance representative to discuss your details, assets, and liability risks. These factors will help determine precisely how much insurance you need over your other policies. 

Do I Need Excess Insurance?

Not everyone will need this type of insurance. This is why it is a good idea to sit down with an insurance rep to discuss your details. This type of insurance is often recommended for people with many assets to protect or those with higher-than-normal liability risks. 

To learn more, please get in touch with us at McCormick Insurance Inc., serving Pembroke Pines, FL, and the surrounding areas. 

Three types of boat insurance coverage you need to carry

Boat owners need to carry boat insurance if they want to avoid potential expenses. McCormick Insurance Inc. offers boat insurance coverage to those who enjoy watercraft activities in Pembroke Pines, FL. 

The following are three types of boat insurance coverage you need to carry for financial security and stress-free water sports enjoyment. 

Liability coverage

Liability coverage protects you if you are held responsible for any accident damage that results from your boating activity. This type of coverage can cover both property damage and bodily injury costs. 

Many marinas require liability coverage, so it’s an essential type of coverage to carry. 

Boat collision and comprehensive coverage

You can protect the value of your watercraft with boat collision and comprehensive coverage. These types of coverage ensure that your insurance provider will pay for repairs to your watercraft in various situations.

It’s important to realize that collision and comprehensive coverage are separate. Boat collision coverage covers you for boating accident damage. On the other hand, comprehensive coverage covers you if your boat is damaged due to theft or various types of incidents. 

Additional coverage features

Investing in additional coverage types, such as uninsured boater coverage, oil spill cleanup, and towing expense coverage, is very useful. As an adventurous boater, you never know what can happen, so investing in additional coverage features is always a good idea. 

You’ll enjoy financial security on the water if you carry the boat insurance mentioned above. We can help you get coverage in Pembroke Pines, FL at McCormick Insurance Inc. Get in touch today to learn more. 

What is inland marine insurance?

In the United States, movable or specialized property types are indemnified under inland marine insurance. This type of insurance has a long history, developing from ocean marine insurance. Property covered by this category of insurance includes construction equipment, medical diagnostic equipment, fine arts, solar panels and wind turbines, cameras and movie equipment, musical instruments, and much more.

How does inland marine insurance differ from other property insurance policies?

Inland marine insurance is different from other property insurance policies because it covers movable or specialized property types. This type of policy is designed to protect property not typically covered by other policies, such as construction equipment, medical diagnostic equipment, fine arts, solar panels and wind turbines, cameras and movie equipment, musical instruments, and much more.

Who needs inland marine insurance?

Anyone who owns property that could be damaged or lost should consider purchasing inland marine insurance. The cost of this type of policy varies depending on the size and value of the insured property.

Benefits of having inland marine insurance include protection against damage or loss, coverage for repairs or replacement costs, and reimbursement for expenses incurred while repairing or replacing damaged or lost property.

How do you file a claim?

If you experience a loss or damage to your property, you should file a claim with your insurance company as soon as possible. Be sure to have all the necessary information, including the policy number, description of the lost or damaged items, and receipts for any expenses incurred.

Contact us today!

If you have questions about your inland marine insurance policy, call us at McCormick Insurance Inc. today. We proudly serve the Pembroke Pines, FL area.