Insurance Blog

When it comes to auto insurance, there are numerous policies and plans from which drivers can choose from. Buyers are inundated with a hurricane of insurance jargon, including comprehensive coverage, liability coverage, no-fault laws, and so on. For many people, one insurance term they should make sure to listen for is personal injury protection. Personal injury protection insurance is one kind of insurance policy that provides protection to those people in the car rather than just the car itself. Personal injury protection is a form of insurance coverage that has one very specific purpose – in the event the driver and/or passengers are injured in an automobile accident, personal injury protection will pay for any resulting medical costs that have not been covered by the primary car insurance policy. This insurance policy may also provide coverage for lost wages if an individual is unable to go to work for a certain period of time due to injuries sustained during the [...]

Following is a list of things many homeowners are unaware of regarding their Orlando home insurance policy.  Insurance forms are not all created equal and without a professional insurance agent to help guide you with the right questions you could have a surprise during claim time. Financial Stability – In Florida many of the homeowners companies do not have a financial rating from AM Best.  If you are able to get a quote from a company that has an AM Best financial rating of B+ or better this typically be your best option.  If you are not able to find a company with an AM Best rating you will have to choose from companies which have a Demotech Rating.  Most insurers in Florida have a Demotech Rating of A so you need to speak with your agent about the financial strength or ask them to provide the latest financials.  Highest probability for you to suffer a homeowners loss is during [...]

Getting a driver’s license is a right of passage for all teenagers. It is knowing that a little bit of extra freedom is right at their fingertips. For parents though, it can be one of the most daunting and scary prospects around – their child behind the wheel of a moving vehicle. As soon as a teenager is ready to get their license, it is time to contact an Orlando car insurance agency to go over the different auto insurance options. A good Orlando auto insurance company will provide all the tips and tricks parents need to know when it comes to purchasing auto insurance and getting the best possible coverage. Parents should always speak with their auto insurance carrier as soon as their teenage son or daughter receives their learner’s permit for driving. Learner’s permits require that the teenager has a licensed adult driver in the car with them at all time. Because teenage drivers with a permit are [...]

Orlando Independent Insurance Agency, Corkhill Insurance, launched their web site to help consumers find the right insurance for their home, automobile, or business. Corkhill's website also contains blog postings from owner Scott Corkhill that helps visitors through the insurance purchasing process and provides inside information from industry professionals. Corkhill Insurance Agency is an independent insurance broker, meaning they aren't affiliated with one specific provider. Instead, they shop around for insurance that covers the customer's specific needs and budget. “Many times,” states Corkhill, “insurance brokers prove to be the more advantageous option as they can find exactly what the person is looking for with the least expensive premiums.” Corkhill prides himself on meeting his customer's needs. “Service is our policy.”

Major things you may not know or be told about your Orlando Auto Insurance policy: 1)       Gap Insurance:  Anyone purchasing a new vehicle or leasing a vehicle should really consider adding on Gap Insurance onto their current auto policy.  Gap Insurance provides coverage for the difference between the amount you owe on the vehicle and the cars actual cash value.  Typically all new cars or leases will have a gap that will be uninsured at time of loss that will leave the owner of the vehicle to have to come out of pocket with the difference which can be thousands of dollars. 2)       Short Rate Penalty: All insurance companies can charge a short rate penalty if you move your insurance mid-term.  Insurance companies charge 10% of the unearned premium if you move your coverage midterm.  Many times you are not advised of this charge by the insurance company who claims they are saving you money in order to get your [...]

It does not matter if a business is a “mom and pop shop” or fortune 500 companies, it does not matter if it is service or consumer oriented, all Orlando businesses require business insurance.  Insurance impacts who works for the business and why they are working. Business insurance protects revenue and assets, aside from the fact that many state and federal regulations and laws require that businesses purchase insurance coverage. Without proper business insurance, for instance, financial service providers, such as investors and banks, may prevent access to financing and capital if not all insurance requirements are met. Orlando business insurance protects the business from different types of risks. Here are just a few of the benefits. Orlando Business liability insurance, often known as Orlando commercial liability insurance, is one of the most important business insurance options a business can have. In fact, it is mandatory throughout the United States, it offers protection for the business from, for example, injuries [...]

Recent computer modeling could have a significant impact on your homeowner insurance rates.  Insurance Companies and re-insurance companies rely heavily on computer modeling to predict their probable maximum hurricane loss in a given area. A recent RMS computer model, which is widely used by most homeowner companies, reflects much higher hurricane loss figures for inland counties.  Following is an excerpt from RMS website regarding their findings: "The updated model reveals new information about how hurricane risk is spread across Florida, with decreases in the view of risk to some coastal areas and increases in the view of risk to Central Florida compared to the previous model version. According to the new data and research, wind risk in some coastal locations, such as Miami-Dade, is lower than had previously been understood. At the same time, advances in our understanding of how hurricanes decay over land show that the risk in Central Florida, in areas such as Orange County, is actually higher [...]

Orlando Homeowners insurance is essential for all men and women who own their home. Homeowners insurance is the primary way that individuals can take necessary precautions against any possibility of unforeseen occurrences, such as storms, fire, or burglary that causes damage to or loss of the home and all contents inside. To guarantee that the home, as well as all items inside, can be easily replaced, it is vital that the right homeowner’s insurance policy is selected. Here are some practical tips when it comes to selecting the right Orlando homeowners insurance. Although this is often disregarded, one of the most important things to do is determine the insurance company’s financial condition. If there is a lawsuit, individuals need to make sure they have the financial means to issue a check. The last thing a homeowner wants to do is put in a claim and then find out the insurance company does not have the means to pay it. Always [...]

It can be quite daunting looking at all the available auto insurance options. People feel as though they are at the extreme mercy of the auto insurance companies. However, the truth is the individual has the power as they make the final decision about which auto insurance coverage to purchase. To ensure the best auto insurance coverage is obtained, there are some tips on choosing the right auto insurance. First, before even looking at auto insurance coverage, individuals need to know the type of coverage they actually require. It is like grocery shopping – if a person goes in without a list of what to purchase, they are liable to get a bunch of stuff they do not need. Having advanced knowledge about what policy features are needed in an auto insurance policy will greatly aid individuals in avoiding the unnecessary extras that will increase insurance premiums. Always look around and get multiple offers. While the first quote may look [...]

When it comes to purchasing insurance, individuals can select whether or not they want to buy insurance from an agent representing a specific insurance company, whether it is homeowners insurance, car insurance, business insurance and so on, or if they would rather purchase their insurance with an independent insurance broker. Many times, insurance brokers prove to be the more advantageous option as they can find exactly what the person is looking for with the least expensive premiums. Here are a few of the benefits associated with working with an insurance broker. First and foremost, the insurance broker works for their client, not any insurance company. They are not tied with specific insurance companies or their products. An insurance broker walks their clients through the entire process, from determining individual needs to recommending the insurance company that is the best fit and at the right price. All brokers are bound by a code of ethics to look for the best coverage [...]