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.

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.

Key Things To Consider When Shopping for Boat Insurance

If you own a boat/watercraft or are considering getting one, you should consider getting boat insurance. The purpose of boat insurance is to protect a boat/watercraft, its owner, or passengers from the costs of related incidents, including vandalism, theft, and other types of damages. Are you currently shopping for boat insurance? Here are the key things you should consider:

What Things Should You Consider When Shopping For Boat Insurance?

Here is what you should take into consideration:

  • Cost. There are factors affecting the cost of your boat insurance. These factors are the age of your boat/watercraft, its condition, value, the boat’s use (whether it is used for fishing, cruising, or something else), and others. 
  • Type of insurance. There are several types of boat insurance. It is essential to familiarize yourself with every kind and decide which one you need. 
  • Deductibles and policy limits. It is always essential to consider deductibles because they determine how much you will have to pay for your insurance. It would be best to try to balance an affordable premium and a reasonable deductible. 
  • Available discounts. Many insurance companies offer discounts or additional benefits. Therefore, always ask an insurance agent about them, as they can significantly lower your monthly premium.

McCormick Insurance Inc. – Find Great Boat Insurance in Pembroke Pines, FL

Are you a lucky boat owner in Pembroke Pines, FL, or any other nearby town in Florida? Are you searching for boat insurance to protect your boat/watercraft? Do not hesitate to contact McCormick Insurance Inc. We are a team of qualified and experienced insurance agents who will help you find the best policy based on your budget and needs. 

What Types of Businesses Need Inland Marine Insurance in Pembroke Pines, FL

Whether you transport property for clients or deliver artwork, products, or goods for your business, you may benefit from inland marine insurance in Pembroke Pines, FL. At McCormick Insurance Inc., we can walk you through the pros and cons of this specialty insurance. However, if a big part of your business involves moving products or equipment around, it’s probably an excellent way to protect your business. Here’s a little more information on what inland marine insurance is and how it protects companies in Florida.

What Is Inland Marine Insurance?

Construction materials, electronics, solar panels, fine art, food service equipment, medical supplies, and trade show exhibits are just some of the items you can cover with this type of business insurance. Whether you’re a landscaper, business professional, or transportation provider, inland marine insurance gives you liability protection in case of an accident or other covered event. Talk to the pros at McCormick Insurance Inc. to tailor your policy to your business needs. Distribution, aviation, food service, and art galleries are just a few industries in which inland marine insurance can protect valuable assets for you or your clients. 

How Does Inland Marine Coverage Protect My Business?

Does your business frequently store or move assets, equipment, or inventory? With inland marine insurance, you can safeguard your property from damage or loss. This coverage applies to covered items while they are in temporary storage or transit. Come in for an appointment for a free quote and to discuss all your business insurance needs. 

Contact Our Team for Comprehensive Inland Marine Insurance

Do you have questions about whether your business in Pembroke Pines, FL needs inland marine insurance? You can count on our experienced agents to guide you in choosing the best coverage options for you. Contact McCormick Insurance Inc. today to find an excellent policy for your needs. 

Enhance Your RV Insurance Protection: Additional Coverage Options to Consider

Adventuring on the open road, exploring new destinations, and enjoying the outdoors make RVing an enticing adventure. McCormick Insurance Inc. explains some additional coverage options available to Pembroke Pines, FL RV owners.

1. Roadside Assistance Coverage 

When you hit the road for an extended period, it’s not uncommon for your RV to encounter some common problems, such as a flat tire, dead battery, or even running out of gas.

2. Vacation Liability Coverage

As an RV owner, you may wish to entertain guests while parked in your campsite or RV park. A vacation liability coverage option can cover you in case the guests get hurt while in your RV or property damage happens during their stay. This coverage can provide liability protection up to a specified limit.

3. Personal Belongings Coverage

Personal belongings coverage is an excellent option to consider adding to your RV insurance policy to protect your valuables on the road. Think of your mobile phone, camera, laptop, clothing, and other personal gadgets you need to make your RV trip memorable. In the event of damage, theft, or loss, personal belongings coverage includes repair or replacement costs up to a specified limit.

4. Total Loss Replacement Coverage

If you experience total loss of your RV because of an accident or theft, this insurance option helps you replace your RV with a new one. Total loss replacement provides more comprehensive coverage than standard RV insurance policies, which may offer less coverage for the current market value of your RV.

There are many options to enhance your RV insurance coverage. If you’re an RV owner in Pembroke Pines, FL, talk to McCormick Insurance Inc. about the different coverage options available Safe and happy trails!