Why Get Florida Insurance?

An insurance policy might seem like just one more monthly expense to you, but a good policy is actually invaluable. We’ll give you the top reasons why.

1. Legal compliance. Like most states, Florida requires that drivers carry certain amounts of car insurance in order to comply with the law. Failure to comply with these Florida insurance laws could result in heavy fines, the suspension of your license, or the impounding of your vehicle. Similarly, more and more states are beginning to require that residents have some form of health insurance, so it might be wise to invest in a policy now.
2. Lender requirements. Another reason to have adequate Florida insurance is to meet the demands of your mortgage lender. Upon closing, most banks require that you show proof of Florida home insurance before they will issue you your home loan. This is to protect the bank’s investment in your home in the event it is damaged by a hurricane, fire, wind, etc.
3. Guard your assets. Lawsuits are filed at the drop of a hat these days, which is one more reason to carry sufficient Florida insurance. Auto and home insurance policies both have a liability component that will protect your assets, such as your home, car, investments, retirement savings, etc., from lawsuit judgments. For example, if your neighbor were to slip and injure himself on your wet floor and sue you for his injuries, you would be protected by your home insurance policy up to your coverage limits.
4. Stay out of bankruptcy. Every year, medical expenses are one of the most commonly cited reasons for filing bankruptcy in the United States. A simple and fairly inexpensive way to prevent this is to carry enough Florida health insurance. You never know when your health could take a turn for the worst, and accidents happen all the time. Don’t let one unexpected injury or illness put you on the brink of financial ruin.
5. Have someone in your corner. When liability lawsuits occur, it helps to have someone in your corner who will fight for you. With Florida insurance, your liability coverage will usually cover your legal fees, and your insurer will either provide you with an attorney or recommend one for you. Either way, you will have professionals on your side.
6. Peace of mind. Arguably the best benefit Florida insurance policies can provide is simple peace of mind. With adequate insurance protection, you will know your financial health will not be compromised by unfortunate events or disasters, whatever they may be.

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