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We Can Insure That! Let L & M Insurance Group Help With Specialty Insurance Coverage

You already know L & M Insurance Group can get you great deals on your homeowners, car, and business insurance (and if you don’t, contact us today for a free quote!). But what if you buy a recreational vehicle, boat, or personal watercraft? Where should you go for insurance? Wonder no longer—we can insure that!

We want to be your one-stop insurance agents. Not only can we insure your home, car, and business, we can also provide specialty insurance coverage.

What is specialty insurance coverage?

Simply put, specialty insurance coverage is insurance for special or unique items or situations not typically covered under a standard home or auto insurance policy. This might include insurance coverage for classic cars, boats, ATVs, motorcycles, RVs, or personal watercraft.

In addition, important coverages such as flood insurance and umbrella policies can also be considered specialty insurance.

Protection from financial loss

The purpose of any insurance is to provide protection from financial losses—both physical losses and liability losses. Once you have the basics covered—insurance on your home and vehicles appropriate for your situation—you should consider what losses you might incur that would not be covered by those policies. What assets do you want to cover—like boats, RVs, and other “toys,” for example? You may need flood insurance, since flood damage is not covered by a standard homeowners insurance policy, or an umbrella policy to protect your financial assets in case of a lawsuit.

This might sound confusing, but it doesn’t have to be. As an independent agency, L & M Insurance Group has been serving Riverview, Brandon, Gibsonton, Apollo Beach, Tampa and nearby communities for more than 10 years. We represent dozens of financially stable, A-rated insurance companies, and we will be happy to advise you in choosing the right specialty insurance coverage for your needs. Please call 813-672-4100, contact us, or visit www.landminsurancegroup.com for more information.

L&M Insurance Group Brandon Florida

L & M Insurance Group is an Independent Insurance Agency based in Riverview, Florida. We can shop, compare and recommend the home, auto, commercial or life insurance policy that’s best suited for you, your family or your business. Call 813-672-4100 or visit landminsurancegroup.com for more information.

Protect Your Assets With an Umbrella Policy

Umbrella Policy Brandon FloridaIt only takes a moment for an accident to happen and for your life to change. In today’s litigious world, if you’re responsible for an accident, you could find yourself being sued and your auto or homeowners policy limits aren’t sufficient to meet the damages. For that reason, we recommend that you carry an umbrella policy.

An umbrella policy is excess liability coverage over and above your other insurance, such as your auto or homeowners policies. Umbrella policies will protect your assets—including your home, retirement accounts, savings, investments, and your future earnings—from being taken in a lawsuit. Policies start at $1 million dollars of liability coverage and climb in $1 million dollar increments from there. The goal is to have enough coverage to protect your net worth. (You’ll want to discuss the amount of coverage you need with your L & M Insurance Group agent.)

Protecting your assets

Here’s how an umbrella policy works: Let’s say you were judged to be liable in an auto accident, and your auto insurance carries a liability limit of $300,000. Unfortunately, the judgment against you comes down at one million dollars. If you have an umbrella policy, it should pay the remaining $700,000. If you don’t have one, any savings or assets you have will be at risk, you could have a lien placed on your home, or your wages garnished to make up the difference.

There are many scenarios in which you could find yourself needing an umbrella policy. What if a passenger in your car is injured, you hit a cyclist, or someone trips and falls on your property and is hurt? Do you have teenagers in your household? Do you have a swimming pool, or a trampoline? These items are responsible for many insurance claims. Owning rental property also raises your liability exposure.

Can you afford an umbrella policy?

The good news is that umbrella policies are affordable, with most running just a few hundred dollars a year—a small price to pay when you consider your peace of mind.

Without an umbrella policy, your assets are vulnerable. Accidents do happen, and it makes good financial sense to protect yourself with an umbrella policy. Please contact L & M Insurance Group today, and let us help you find the policy that is right for you.

L&M Insurance Group Brandon Florida

L & M Insurance Group is an Independent Insurance Agency based in Riverview, Florida. We can shop, compare and recommend the home, auto, commercial or life insurance policy that’s best suited for you, your family or your business. Call 813-672-4100 or visit landminsurancegroup.com for more information.

Do an End-of-Year Insurance Review

Insurance review

Now that the holidays are winding down, you may be thinking about your goals and plans for next year. If one of those plans is improving your financial condition, one way you can do this is to conduct a review of your current insurance coverage. Your goal is to have the right amount of coverage for your needs, at the best price.

First, look over your policies to remind yourself of your current coverage and deductibles, insurance premiums, and discounts. Then consider how your life has changed in the past year. Did you get married, divorced, or have a baby? Do any of your children now have driver’s licenses? All these changes should be reflected in your insurance portfolio. Here are a few additional specifics to consider:

Auto Insurance

Is it time to raise your deductible or drop comprehensive and collision coverage? Has your commute changed? Do you have additional drivers in your household who are not listed on your policy? Are you receiving all the discounts, such as safe driver or multi-car, that you’re eligible for?

Homeowners Insurance

If your home were destroyed, would your coverage be adequate to replace it at today’s construction costs? Do you have enough coverage for your personal possessions? You may need to increase your coverage limits if you’ve made improvements to your home, or bought or received as gifts expensive items such as computers, jewelry, or art.

If you’re thinking of raising your deductible as a way to save money on your premium, would you have the resources you need to pay that deductible if you have a claim?

You may be eligible for discounts on your homeowners insurance if your alarm system is monitored. You’ll need to provide a certificate from your monitoring company to receive the discount. If you’ve recently replaced your roof, ask your insurance agent how you can benefit from a wind mitigation report.

Flood Insurance

The entire state of Florida is at risk for flooding. Even if you don’t live in a so-called high-risk area, if you don’t have flood insurance, you might want to consider buying it. We represent several private companies that write flood insurance policies at a competitive rate.

Umbrella Policy

An umbrella policy is additional liability insurance, beyond your home and auto insurance, which protects your assets from a lawsuit. If your assets have increased, you will want to make sure you have enough coverage, or if you don’t currently carry an umbrella policy, you might want to consider purchasing one.

Life Insurance

If you’re the breadwinner, what would happen to your family if you die? A life insurance policy is one way to provide for them after you’re gone. In addition, although life insurance is mainly intended to replace lost income, consider buying life insurance for a non-working spouse or domestic partner. It can quickly become expensive to replace the work he or she does to keep your household running.

Because insurance is an important part of your financial life, it’s good to review your policies from time to time to be sure your coverage remains in line with your assets and liabilities. Remember, if you have any questions about your policies, L & M Insurance Group is here to help.

L&M Insurance Group Brandon Florida

L & M Insurance Group is an Independent Insurance Agency based in Riverview, Florida. We can shop, compare and recommend the home, auto, commercial or life insurance policy that’s best suited for you, your family or your business. Call 813-672-4100 or visit landminsurancegroup.com for more information.