Owning real estate in the Ft Myers, FL area has been a good investment for a long time. When you are going to purchase a property here, it is essential that you always consider your insurance needs. For most property owners, having home insurance is a necessity and a requirement. There are various reasons why you should also have home insurance for your Florida property. 

Meet Standards of Mortgage Lender

You will want to have a home insurance policy on your Florida home so you can meet the standards set by a mortgage lender. Using a home loan to buy a property is very common today. If you take out a mortgage, you are obligated to meet their requirements in terms of the insurance. Usually, you will need to have a full insurance plan and have payments escrowed each month.

Receive Protection and Coverage

You also want to have a home insurance plan to benefit from the protection and coverage it provides. If you choose to buy a home, you will always want to know that it is covered. With a home insurance policy, you will get helpful coverage that will give support so you can repair your home when needed. This coverage can also extend to your personal items up to the limits of the policy. 

If you are looking to purchase a property in the Ft Myers, FL area, reach out to our office. The Martin Insurance Team can provide any support that you need to build an appropriate insurance plan. Call the Martin Insurance Team and our professionals will help you understand your needs and options, so you remain fully covered. 

Home is where the heart is and where most prized possessions are kept. Our home is our sanctuary, a safe place to relax and unwind at the end of a long day. But what happens when something goes wrong?

When an accident or disaster strikes, it’s essential to know that our home and everything in it are protected. That’s where home insurance comes in. A home insurance policy is designed to safeguard your home and your belongings in the event of unexpected damage or loss. Here are four essential items that are typically protected by a home insurance policy:

1. Liability From Lawsuits

Home insurance protects you from various risks, including liability from lawsuits. If someone is injured on your property or you damaged someone else’s property, you could be held liable in a lawsuit.

Your home insurance policy can help to protect you by providing financial coverage for legal expenses and damages that may be awarded in a lawsuit. Sometimes, the insurance company can even provide coverage for your legal defense. Whether you’re worried about an accident that has already occurred or you’re simply looking for peace of mind, home insurance can offer valuable protection against the risk of liability from lawsuits.

2. Additional Living Expenses (ALE)

Everyone is familiar with the basic coverage provided by a home insurance policy, including protection for the home’s structure and contents. However, home insurance policies also provide essential coverage for additional living expenses. Also known as ALE, this coverage can help to reimburse you for the cost of temporary housing if a covered event damages your home.

This insurance can be invaluable if your home is destroyed by a fire or severe weather, as it can help ease the financial burden of finding a new place to live. ALE coverage is typically limited to a specific dollar amount, so it’s essential to review your policy limits before you need to use this coverage. But for those who do find themselves in need of temporary housing, ALE coverage can help to make the process a little easier.

3. Personal Belongings

Home insurance policies generally cover personal belongings in the event of a covered loss, such as fire, theft, or certain types of water damage. The coverage may be limited, so checking your policy documents is essential to see what’s included. Most policies will have a maximum limit for each type of item, and some items may require additional coverage. For example, you might need to purchase a separate rider to insure jewelry or furs. If you have high-value items, it’s important to ensure they are adequately insured. Otherwise, you could be left with a sizable bill if they are damaged or stolen.

4. Your Home’s Structure

We all think of home insurance as something that covers the physical structure of our homes – the walls, roof, and so on. But your home’s structure is just one part of what’s covered by a typical home insurance policy. Most policies will also cover things like your plumbing and electrical systems and any permanently installed fixtures like cabinets and countertops. So if you’re ever faced with a burst pipe or a faulty electrical outlet, you know your home insurance will have you covered.

Contact Us Today for the Right Home Insurance Policy

These are just a few key items your home insurance policy protects. Of course, every policy is different, so reviewing your policy documents is important to see what’s included. And if you have any questions, be sure to contact your insurance agent or broker. They’ll be happy to help you understand your coverage and ensure you get the protection you need.

If you’re a homeowner in Ft Myers, FL, the Martin Insurance Team can help you find the right home insurance policy based on your needs. Contact us today for more information.

In Ft Myers, FL, you might purchase an umbrella insurance policy for your home insurance policy to add to the liability coverage, but wish you could buy one for your business, too. Well, you can.

Martin Insurance Team offers umbrella policies for business and personal needs. You’ll purchase two separate umbrella policies because you can buy one for business and one for personal use. Still, you can’t cover your business and personal coverage on the same policy.

What Does Umbrella Insurance Do?

When you purchase the primary policy, such as home or business liability, it provides a specific level of liability coverage. Typically, that coverage amount tops at half a million dollars or less. Your primary or central policy’s liability coverage equals the amount provided as a cap in the insurance papers.

An umbrella policy, a secondary policy, offers only liability coverage. It typically starts with a one million dollar coverage option. When the liability coverage in your primary policy pays out ultimately, your umbrella policy kicks in and pays the rest of the liability you incurred.

If you hosted a party where a fire occurred and three people incurred burn injuries, your primary or home policy would pay for your liability first. It would cover as much of their hospital, rehabilitative/physical therapy bills as its policy maximum allowed.

With three individuals, this could easily exceed the primary policy maximum of $25,000 to $50,000. The umbrella policy covers up to $1 million of liability, so if the three individuals sued you, this policy would pay the settlements.

A business umbrella policy works the same way. If a fire occurs at your business and injures three customers, the business liability primary policy covers up to its policy cap. After that, your business’s umbrella policy kicks in to cover the hospital bills and settlements.

Contact Us Today

Contact Martin Insurance Team serving Ft Myers, FL to purchase an umbrella policy for your business and to purchase a policy for your personal needs. Let us help you protect your financial security.

Did you know that as a landlord in Florida, you’re legally responsible for the safety of your tenants? That means if someone is injured on your Ft Myers, FL property, they could hold you liable. That’s why it’s so important to have a landlord’s liability insurance. This type of insurance can help protect you financially if a tenant ever sues you.

Here are just a few of the many benefits of having landlords’ liability insurance:

Help Cover Your Legal Expenses

Your legal expenses can quickly add up if a tenant ever sues you. With landlords’ liability insurance, you won’t have to worry about how you’ll afford to pay for a lawyer. Your insurance will cover the cost.

Provides Financial Protection

You could face a significant financial judgment if you’re liable for an accident on your property. That’s why it’s so important to have insurance. It can help cover the cost of the judgment and any damages they may order you to pay. Your Martin Insurance Team can help you find the right policy for your needs.

Covers Property Damage

If a covered event damages your property, a landlord’s insurance can help pay for the repairs. This policy can also cover the cost of any lost rent if your property is uninhabitable.

Gives You Peace of Mind

As a landlord, you have enough to worry about without stressing about what would happen if someone sued you. With landlord’s liability insurance, you can have peace of mind knowing that you’re protected.

As you can see, there are many benefits to having a landlord’s liability insurance. If you’re a landlord in Florida, it’s something you should consider. Contact your Martin Insurance Team today to find out more.

The shipping and transportation industry is a very important one as it helps to ensure that products are able to be shipped from the manufacturer and distributors to retailers and individual consumers. For those that are in the transportation industry in the Ft Myers, FL area, having the right insurance in place to protect the business is important. You will need to have transportation insurance for various reasons.

Coverage Protects Transportation Provider

One of the reasons to have a transportation insurance plan for your transportation business is that it can help to cover your organization. A proper transportation insurance plan will give you coverage for any type of cargo that you are transporting. This way, if there is an accident that results in damaged products, you will be covered. It can also provide valuable liability coverage, which can be helpful if you are named liable for an accident.

Coverage is Required by Stakeholders

You will also want to have a transportation insurance plan as it could be required by the stakeholders. When you are in the transportation industry, you will be entrusted with various products owned by manufacturers and distributors. Due to this, they will want to know their assets are covered as well as possible. Ensuring that transportation services are properly protected with their own insurance is a requirement for many companies.

It is very important for a company in the Ft Myers, FL area to maintain an adequate transportation insurance plan at all times. When you are looking for a new transportation insurance plan here, starting your search with the Martin Insurance Team is a good option. The professionals with the Martin Insurance Team know the importance of this type of coverage and can ensure you remain properly supported with a transportation insurance plan.

If you own a trucking company in the greater Ft Myers, FL area, it’s time to get to know the Martin Insurance Team! We are here to help you with all of your insurance needs. Give us a call today!

Protect your trucking company today!

Owning or operating a trucking company is not an easy job. There are numerous facets of the business that are constantly in flux, and it may seem like you are constantly putting out fires or dealing with crises. On top of that, you have a lot of money invested in your vehicles, and if they’re off the road for any significant period of time, your bottom line can take a serious hit.

Fortunately, with the right trucking company insurance policy in place, you can protect yourself from many of the ups and downs that can be a part of owning a successful trucking company.

There are a number of specialized needs that trucking companies deal with, from protecting their vehicles, having liability coverage, and dealing with employees, just to name a few. All of these needs make it even more important to have the right policy in place. By sitting down with an experienced agent, you can review all of your needs and find a policy that meets them.

Too much work goes into running a successful trucking company to neglect to have the right insurance coverage in place. Find out more about the different trucking company insurance policies available today.

Find out more

Ft Myers, FL area trucking companies can rely on the Martin Insurance Team for all of their insurance needs. If you own or operate a trucking company in the area, give us a call today. We would welcome the opportunity to work with you!