Author: Bassine Insurance

Everything You Need to Know About Flood Insurance Coverage

Floods are undeniably one of the most devastating natural disasters that could cause extensive damage to properties. According to FEMA or the Federal Emergency Management Agency, even just an inch of water in a home can lead to $25,000 worth of damage. Sadly, standard homeowners’ insurance policies do not cover flood damage. That is where flood insurance comes in.

This blog will discuss what flood insurance is and what it covers:

What Is Flood Insurance?

Flood insurance is a kind of insurance policy that covers property damage caused by flooding. It is offered by the National Flood Insurance Program (NFIP), a federal program managed by FEMA. The program aims to minimize the impact of flooding on both private and public structures by providing affordable insurance to property owners in high-risk areas.

What Does Flood Insurance Cover?

Flood insurance covers damage to buildings and personal property caused by flooding. It is essential to note that the coverage limits and deductibles vary depending on the policy. Here are some of the things that flood insurance typically covers:

Building Property Coverage

Building property coverage pays for damage to the structural components of your home caused by floods. The coverage includes:

Foundation, walls, and staircases
Electrical and plumbing systems
Central air conditioning and heating systems
Built-in appliances like refrigerators, stoves, and dishwashers
Permanently installed carpeting, paneling, and bookcases
Window blinds and curtains
Detached garages

Personal Property Coverage

Personal property coverage pays for damages to your personal belongings caused by floods. The coverage includes:

Furniture like sofas, chairs, and tables
Electronics like televisions, computers, and speakers
Clothing and bedding
Portable air conditioners and microwaves
Washer and dryer
Freezers and food stored in them

Certain valuables like artwork, jewelry, and furs may have limited coverage.

What Flood Insurance Does Not Cover?

It is essential to note that flood insurance doesn’t cover all types of damages caused by floods. Here are some of the things that flood insurance does not cover:

Damage that is caused by moisture, mildew, or mold that the property owner could have avoided

Currency, precious metals, and valuable papers, including stock certificates

Temporary housing or living expenses incurred due to flood damage

Cars and other vehicles
Outdoor fixtures like swimming pools, hot tubs, and decks

Cost of Flood Insurance

The cost of flood insurance depends on various factors, like the property’s location, the age of the property, the type of coverage, and the deductible. Properties located in high-risk flood zones like coastal areas or near rivers and lakes will have higher premiums than those in low-risk zones. The average cost of a flood insurance policy is around $700 per year, but the cost may vary significantly depending on the factors mentioned above.

How to Purchase Flood Insurance?

Flood insurance is available to homeowners, renters, as well as business owners. The insurance is offered by licensed insurance agents who work with the NFIP. It is essential to note that flood insurance policies have a 30-day waiting period before becoming effective. So, it is recommended to purchase flood insurance well before the flood season.

Conclusion

Flood insurance is a crucial coverage that protects property owners from the damages caused by floods. It is vital to understand what flood insurance covers and what it doesn’t for you to make an informed decision. If you live in a high-risk flood zone, it is highly recommended to purchase flood insurance from a reputable insurance agency.

Bassine Insurance is a reliable insurance agency in Fort Myers offering a variety of insurance options, such as flood insurance, to secure your valuable possessions. We are focused on providing tailored solutions that safeguard the valuable assets and well-being of individuals and businesses. Feel free to reach out to us to discuss your unique insurance needs and let our experts help you and your family!

7 Tips for Choosing the Best Fort Myers Auto Insurance Provider

When it comes to auto insurance, choosing the right provider is crucial. With so many options available, it can be overwhelming to find the best auto insurance agency in Fort Myers. However, by taking the time to research and compare different agencies, you can secure the best coverage for your needs.

Here are seven essential tips to help you choose the best Fort Myers auto insurance provider.

1. Research and Compare

Before choosing an auto insurance agency in Fort Myers, it’s essential to conduct thorough research. Start by checking online reviews and ratings on sites like Google, Yelp, and the Better Business Bureau. These reviews can give you a good idea of customer satisfaction and the overall reputation of the agency.

Additionally, talk to friends, family, and coworkers for recommendations. Word of mouth is often the best way to find a reliable auto insurance agency in Fort Myers.

2. Evaluate Financial Stability

An auto insurance provider’s financial strength is essential to ensure that they can fulfill their obligations to policyholders. Before selecting an insurance agency in Fort Myers, check their financial strength rating from reputable agencies such as A.M. Best, Standard & Poor’s, and Moody’s. A provider with a strong financial rating is more likely to be reliable and able to pay out claims promptly.

3. Assess Coverage Options

Not all auto insurance policies are created equal. When comparing different agencies, make sure to consider the coverage options they offer. Some of the standard coverage options include liability, collision, comprehensive, uninsured/underinsured motorist, and personal injury protection.

Consider your specific needs and choose a provider that offers the coverage options that best suit your requirements.

4. Compare Quotes

Price is a significant factor when it comes to choosing an auto insurance agency in Fort Myers. Request quotes from multiple providers, and compare them to ensure you’re getting the best deal. Keep in mind that the cheapest option may not always be the best choice, so weigh the cost against the coverage and services offered.

5. Check for Discounts

Many auto insurance providers offer discounts to attract customers, so be sure to inquire about any available discounts when comparing quotes. Common discounts include multi-policy, multi-vehicle, safe driver, and good student discounts. While these discounts can help you save money on your premium, make sure the overall coverage and service are still up to par.

6. Evaluate Customer Service and Claims Handling

Exceptional customer service and efficient claims handling are essential when dealing with an auto insurance agency. You want a provider that is responsive and easy to work with, particularly when you need to file a claim. Check online reviews and ask for recommendations from friends and family to gauge the level of customer service provided by each agency.

7. Choose a Local Provider

While there are many national and online-only auto insurance providers, choosing a local auto insurance agency in Fort Myers can offer several benefits. A local provider will have a better understanding of the specific insurance requirements in your area and can provide personalized service. Additionally, local providers are more accessible and may be more responsive to your needs.

Conclusion

Selecting the best Fort Myers auto insurance provider requires time and effort, but it’s worth it to ensure you have the right coverage and a reliable partner in case of an accident. By following these seven tips, you can find a trustworthy and affordable auto insurance agency that meets your needs and provides peace of mind on the road.

Are you looking for a reliable auto insurance agency in Fort Myers? Then look no further than Bassine Insurance! We offer a wide range of auto insurance coverage options that will suit any driver. Our team of experienced and knowledgeable agents is committed to helping their clients find the best coverage at the most affordable rates. Contact us today to get a free quote and see how we can assist you in finding the perfect auto insurance coverage for your needs!

Flood Insurance: Myths and Facts That You Need to Know

Floods are a common natural disaster that can cause severe damage to both homes and businesses. It is essential to have flood insurance to protect yourself from the financial burden of flood damage.

However, myths and misconceptions surrounding flood insurance can lead to confusion. In this article, we will explore the facts and myths about flood insurance.

Myth: Homeowner’s Insurance Policy Covers Flood Damage

One of the most common misconceptions about flood insurance is that a standard homeowner’s insurance policy covers flood damage. The truth is that homeowner’s insurance does not cover flood damage. Flood insurance is a separate policy you must purchase from an insurance agency.

Fact: Federal Government Offers Flood Insurance

The National Flood Insurance Program (NFIP) is a federal program that offers flood insurance to homeowners, renters, and business owners. The program is administered by the Federal Emergency Management Agency (FEMA) and is available to anyone living in a community that participates in the program. The NFIP offers up to $250,000 in coverage for a home and up to $100,000 in coverage for personal property.

Myth: Flood Insurance Is Expensive

Many people believe that flood insurance is costly and not worth the investment. However, the cost of flood insurance depends on several factors, such as the location of your property, the level of risk, and the amount of coverage you need. In some cases, flood insurance can be affordable, especially if your property is in an area with a low risk of flooding.

Fact: Flood Insurance is Required in High-Risk Areas

If you live in a high-risk flood zone, your mortgage lender may require you to have flood insurance. High-risk flood zones are areas that have a 1% chance of flooding in any given year, also known as a 100-year flood zone. Flood insurance is mandatory in these areas to protect the lender’s investment and your property.

Myth: Flood Insurance Covers Everything

Another common misconception about flood insurance is that it covers all types of flood damage. Flood insurance policies have limitations and exclusions, and it is essential to understand what is covered and what is not covered.

For example, flood insurance does not cover damage caused by sewer backups or mold. It is crucial to read your policy carefully and understand the terms and conditions of your coverage.

Fact: Flood Insurance Has a Waiting Period

Flood insurance policies have a waiting period before they become effective. The waiting period is usually 30 days from the date of purchase, and it is designed to prevent people from purchasing flood insurance only when they see a flood warning. It is essential to purchase flood insurance well before the flood season to ensure you are adequately covered.

Myth: Only High-Risk Areas Need Flood Insurance

Many people believe that they do not need flood insurance if they do not live in a high-risk flood zone. However, floods can happen anywhere, and even a few inches of water can cause significant damage to your property. It is essential to assess your risk of flooding and consider purchasing flood insurance even if you do not live in a high-risk area.

Fact: Flood Insurance Can Save You Money

While flood insurance may seem unnecessary, it can save you money in the long run. The cost of flood damage can be significant, and without insurance, you may have to pay out of pocket for repairs and replacements. Flood insurance can help you avoid financial devastation in the event of a flood.

Conclusion

Flood insurance is essential to protect your home, business, and personal property from the damage caused by floods. It is crucial to understand the facts and myths about flood insurance to make an informed decision about purchasing coverage. Remember that flood insurance is not included in a standard homeowner’s insurance policy and that the federal government offers flood insurance through the National Flood Insurance Program. Contact an insurance agent to discuss your options for flood insurance and ensure that you are adequately covered.

Bassine Insurance is an insurance agency in Fort Myers that offers flood insurance and other types of coverage to protect your assets. Contact us today to learn more about how we can help you find the right insurance solutions for your needs.

Mobile Home Insurance: What it Covers and Why You Need It

Mobile or manufactured homes are affordable housing options for many people. As a mobile homeowner, it’s essential to understand the unique risks of this type of dwelling and ensure that your property investment is well protected with the right insurance coverage. Mobile home insurance is specifically designed to cover the unique features of a mobile home and can provide comprehensive protection against various risks that may arise.

This blog will discuss what mobile home insurance covers and why it’s essential today.

What Does Mobile Home Insurance Cover?

Mobile home insurance is similar to a traditional homeowner’s insurance policy but specifically tailored to cater to mobile homes’ unique risks and requirements. Some of the primary coverages that are typically included in a mobile home insurance policy are:

1. Property Coverage

This type protects your mobile home and any attached structures, including a deck or porch, against damage or loss caused by various perils. Common perils covered under property coverage include fire, windstorms, hail, vandalism, and theft.

It is important to note that specific perils, like floods and earthquakes, may not be fully covered under a standard mobile home insurance policy and may require additional coverage.

2. Personal Property Coverage

This coverage helps safeguard your personal belongings in the circumstances of damage or theft. This includes items such as furniture, electronics, clothing, and appliances.

It is vital to properly assess the value of your belongings so that you can select an adequate coverage limit to replace your items in the event of a loss.

3. Liability Coverage

Liability coverage is essential for financially protecting yourself in case someone gets injured on your property or if you are legally responsible for causing damage to someone else’s property.

This coverage can cover medical expenses, legal fees, and other costs related to a liability claim.

4. Additional Living Expenses (ALE) Coverage

Suppose your mobile home becomes uninhabitable due to a covered peril. In that case, ALE coverage can help pay for temporary living arrangements, such as hotel expenses, while your home is being repaired or replaced.

5. Optional Coverages

Add optional coverages to your mobile home insurance policy depending on your needs. Some of the common optional coverages include:

Replacement Cost Coverage: This coverage reimburses your mobile home and personal property at their current market value without accounting for depreciation.
Water Backup Coverage: This coverage can protect your mobile home from damage caused by water backup from sewers, drains, or sump pumps.
Trip Collision Coverage: If you plan to move your mobile home, this coverage can protect against damage that may occur during transit.

Why Do You Need Mobile Home Insurance?

There are several key reasons why mobile home insurance is essential for protecting your investment and ensuring your peace of mind:

1. Financial Protection: Mobile homes are susceptible to various risks, such as natural disasters, theft, and vandalism. With proper insurance coverage, you can handle significant out-of-pocket expenses to repair or replace your home and belongings after an unfortunate event.

2. Legal Requirements: If you have a mortgage on your mobile home, your lender may request you to carry a certain amount of insurance coverage to protect your investment. Additionally, some states may have specific insurance requirements for mobile homes.

3. Liability Protection: Accidents can happen, and without liability coverage, you may be financially responsible for any injuries or property damage on your property. Liability coverage can help protect your assets and provide financial support in case of a lawsuit.

Conclusion

Mobile home insurance is essential for protecting your investment and ensuring your peace of mind. By understanding the types of coverage available, considering any additional coverage choices that may be relevant to your situation, and shopping around for the best policy, you can ensure that you have the proper protection in place for your mobile home. Remember to periodically review and update your policy as needed to account for changes in your circumstances or the value of your property.

The Bassine Insurance Agency is a highly reliable and comprehensive provider of various insurance products, catering to the diverse needs of its clients. With a vast array of offerings, such as life, health, auto, business, and mobile home insurance in Fort Myers, our agency is committed to delivering personalized solutions to protect individuals’ and businesses’ valuable assets and well-being. To discuss your specific insurance requirements, do not hesitate to contact us and allow our expertise to benefit you and your loved ones.

Why Business Insurance Is Vital for Your Financial Security

As a business owner, you are exposed to several risks and uncertainties that could threaten your company’s future. These risks include natural disasters, theft, lawsuits, and other events that could lead to significant financial losses. While you need to focus on growing your business, having a solid financial plan with business insurance is equally important.

What Is Business Insurance?

Business insurance protects a company from financial losses resulting from unexpected events. These events could include property damage, liability claims, or loss of income due to business interruption. These policies are designed to meet the unique needs of each business, and they can be customized to include various types of coverage.

Types of Business Insurance

General Liability Insurance: This insurance covers your business against claims of bodily injury, property damage, and advertising injury. It protects your business from lawsuits, medical expenses, and other costs associated with accidents on your premises or during business operations.
Property Insurance: Property insurance covers your business against damage or loss of property due to fire, theft, or other events. It includes coverage for your building, equipment, inventory, and other assets.
Business Interruption Insurance: If your business operations are interrupted due to an unexpected event such as a natural disaster, business interruption insurance can cover income loss that you would have earned during the period of interruption.
Cyber Liability Insurance: This type of insurance protects your business against losses from cyber-attacks such as data breaches and hacking. It includes coverage for data loss, legal fees, and other costs associated with cyber incidents.
Workers’ Compensation Insurance: A business is required by law to have workers’ compensation insurance, which offers coverage for employees who are injured or become ill while on the job. It covers medical expenses, lost wages, and rehabilitation costs.

The Benefits of Business Insurance

Having business insurance as part of your financial plan offers several advantages. Some of the notable ones are the following:

Financial Protection: Business insurance protects against unexpected events resulting in significant financial losses. This protection can help keep your business afloat during challenging times and prevent you from going bankrupt.
Peace of Mind: Knowing that your business is covered in case of unexpected events can give you peace of mind and lets you focus on running and growing it.
Legal Compliance: Depending on your state, having certain types of business insurance may be required by law. Ensuring you have the necessary coverage can help avoid legal issues and penalties.
Credibility: Being insured can enhance your business’s credibility and reputation. It shows you are a responsible business owner caring for their employees, customers, and assets.
Risk Management: Business insurance can help you manage risk by identifying potential risks and taking steps to mitigate them.

Final Thoughts

Business insurance is vital to your financial plan as a business owner. It provides financial protection, peace of mind, legal compliance, and credibility. As you create your financial plan, consider the types of coverage that are most important for your business and work with an experienced insurance agent to find the right policies that meet your needs.

Protect your business from various risks with the help of Bassine Insurance. For more than 30 years, we have been offering business insurance in North Fort Myers and surrounding areas. Our team of experienced agents can help you identify potential risks and create a customized insurance plan that meets your specific needs.

Call 239-995-0333 or email us at info@bassineinsurance.com for a free quote!

Home Buying: When to Get Homeowners Insurance

Purchasing a home is a significant investment, and it’s essential to protect it with homeowners insurance. Homeowners insurance covers the cost of repairs or replacements if your home is damaged or destroyed by natural disasters, theft, or other covered perils. However, you may be wondering when to get homeowners insurance when buying a house.

In this article, we’ll discuss the right time to purchase homeowners insurance and why it’s crucial to have it.

Why Do You Need Homeowners Insurance?

Homeowners insurance is not only a requirement for most mortgage lenders, but it also protects your investment and provides peace of mind. A standard homeowners insurance policy typically covers the following:

1. Dwelling Coverage

This covers the cost of repairing or rebuilding your home if it’s damaged or destroyed by covered perils such as fire, lightning, hail, windstorms, and more.

2. Personal Property Coverage

This covers the cost of replacing your personal belongings, such as furniture, clothing, and electronics, if they are damaged, destroyed, or stolen.

3. Liability Coverage

This provides protection if someone is injured on your property and sues you for damages.

4. Additional Living Expenses

This covers the cost of living elsewhere if your home is uninhabitable due to covered perils.

When to Get Homeowners Insurance?

When buying a house, you should get homeowners insurance as soon as possible. Most mortgage lenders require proof of insurance before closing on your loan. The lender wants to ensure that their investment is protected and that you can afford to repair or rebuild the home if it’s damaged. Therefore, you must purchase homeowners insurance before closing on the home.

It’s essential to start shopping for homeowners insurance as soon as you have a contract on the house. Shopping around for insurance quotes can help you find the best coverage at the most affordable price.

Comparing prices and coverage from different insurance companies can help you save money on your policy. It’s also important to note that insurance rates can vary depending on the location, age, and home condition.

How to Get Homeowners Insurance?

When shopping for homeowners insurance, you should consider the following factors:

1. Coverage Limits

Make sure you have enough coverage to protect your home and personal belongings adequately.

2. Deductibles

Choose a deductible that you can afford to pay out of pocket in case of a claim.

3. Discounts

Ask about discounts for bundling your insurance policies, installing safety features, or having a good credit score.

4. Insurance Company Ratings

Research the financial strength and customer service ratings of the insurance companies you’re considering.

Once you’ve selected an insurance company and policy, provide your lender with proof of insurance. The lender will require a copy of the insurance policy and payment to be made for the first year’s premium. The insurance company will then send a declaration page to your lender, which shows proof of insurance and the coverage you have.

Conclusion

When buying a house, it’s crucial to get homeowners insurance as soon as possible. Homeowners insurance protects your investment and provides peace of mind. Most mortgage lenders require proof of insurance before closing on your loan, so it’s essential to shop for insurance as soon as you have a contract on the house.

Shopping around for insurance quotes can help you find the best coverage at the most affordable price. When selecting an insurance company and policy, consider coverage limits, deductibles, discounts, and insurance company ratings. Providing proof of insurance to your lender is necessary before closing on your loan.

Are you looking for a reliable home insurance company in Fort Myers? Look no further than Bassine Insurance. We are a reputable insurance provider that has been serving the needs of homeowners in Fort Myers for many years. Our aim is to provide quality insurance products at affordable rates to help homeowners protect their homes and belongings. Get started now!

5 Best Practices For Maximizing Auto Insurance Policies

Auto insurance is a must-have for every car owner in the United States. It provides financial protection in case of an accident, theft, or damage caused to your vehicle. However, simply having auto insurance is not enough. People should follow some best practices that can help them maximize their coverage and save money. But how do people maximize auto insurance policies? Here are some ideas.

1. Still Drive Safely

Driving safely is one of the best ways to maximize your auto insurance policy. Safe driving reduces the risk of accidents and can help you avoid costly fines and penalties. By following traffic rules, maintaining a safe distance from other vehicles, and avoiding distractions while driving, you can reduce the likelihood of accidents and increase your chances of staying accident-free. It can help you maintain a good driving record, leading to lower insurance premiums.

2. Install Anti-Theft Systems

Installing anti-theft systems in your car can also help you maximize your auto insurance policy. Anti-theft systems, such as car alarms, GPS trackers, and engine immobilizers, can make your vehicle less attractive to thieves and increase its chances of recovery if it is stolen.

Many insurance companies offer discounts to car owners with anti-theft systems installed in their vehicles. As a result, car owners will not have to spend as much as others in the process. Investing in these systems can protect your car and save money on insurance premiums.

3. Opt For Higher Deductibles

A deductible is paid out of pocket before your insurance policy kicks in. Opting for higher deductibles can lower your insurance premiums and save money in the long run. Therefore, people can expect lower monthly dues as they already paid for a chunk of the policy.

However, it’s essential to ensure you can afford the deductible in case of an accident. Choosing a deductible that you can comfortably pay out of pocket without putting yourself in financial strain is best. Remember not to go overboard or suffer from the consequences later.

4. Remove Unnecessary Coverage

One way to save money on auto insurance is to remove unnecessary coverage. For example, if you own an older car with low market value, you may not need collision or comprehensive coverage. Eliminating these coverages can help you save money on insurance premiums.

It’s important to review your policy regularly and ensure you have the coverage you need. Removing unnecessary coverage allows you to maximize your auto insurance policy and save money simultaneously.

5. Combine Policies

Combining auto and home insurance policies can also help you maximize your coverage and save money. Many insurance companies offer discounts to customers who have multiple policies with them. Combining policies should also make it easier to pay for them in the future.

By combining policies, you can save money and simplify your insurance needs. It can help you avoid confusion and ensure you have the coverage you need when needed. Therefore, when using the policies, claiming them should become more accessible and faster.

Conclusion

Maximizing your auto insurance policy can help you save money and get the most out of your coverage. You can protect your vehicle and finances by following these best practices, such as driving safely, installing anti-theft systems, opting for higher deductibles, removing unnecessary coverage, and combining policies. It’s important to review your policy regularly and ensure you have the range you need. Contact your insurance provider to learn more about maximizing your auto insurance policy.

Protecting your assets and loved ones is essential, and at The Bassine Insurance Agency, we offer a wide range of insurance products to help you achieve that peace of mind. If you’re looking for reliable life insurance in Fort Myers or need a trusted auto insurance agency, we’re here to help. Contact us today to schedule a consultation and learn how The Bassine Insurance Agency can provide you with the necessary insurance protection.

The Basics of Collision Coverage and How It Helps Car Owners

Owning a car comes with many responsibilities, one of which is having insurance. Car insurance is a legal requirement and a financial safety net in case of accidents or damages. For this reason, you must have the right insurance coverage to protect yourself and your vehicle from unforeseen circumstances while on the road.

One of the most critical types of car insurance is collision coverage. It’s an optional coverage that pays for the damages to your vehicle in case of an accident but is highly recommended, especially if you own a new or expensive car. It works by reimbursing you for repairing or replacing your car if it is damaged in a collision, regardless of whether you are at fault or not, whether it’s with another vehicle or object, such as a tree or fence, or building. Few people know how it works, so we will discuss the details in this article.

The Benefits of Collision Coverage

When you get collision coverage, you can reap the following benefits:

Coverage of Various Accidents

Collision coverage protects you from a wide range of accidents that could happen on the road. It covers damages caused by collisions with other vehicles or objects or if your car flips over. It also covers damages caused by single-car accidents, such as hitting a pothole or a tree.

Pays for Repairs or Replacements

If you have collision coverage, you can rest easy knowing that your insurance company will pay for the repairs or replacement of your vehicle if it gets damaged in an accident. This can be especially helpful if you have a newer car that would be expensive to repair or replace. Without collision coverage, you would be responsible for paying for the repairs or replacement out of pocket, which can be a significant financial burden.

Flexibility in Repair Shop Selection

Part of owning auto insurance with collision coverage is going to a repair shop that your insurance company recommends. This can be a benefit, as these repair shops are often reputable and have a good track record of providing quality repairs. However, with collision coverage, you also have the flexibility to choose your own repair shop if you prefer. This can be helpful if you have a preferred mechanic or concerns about the quality of work from the recommended repair shop.

Increased Protection for Financed or Leased Cars

If you are financing or leasing your vehicle, the lender or leasing company often requires collision coverage to protect their investment in the car. Without collision coverage, you would still be responsible for paying for any damages to the vehicle, even if you don’t technically own it.

Cost Savings

While collision coverage may seem like an additional expense, it can save you money in the long run. Without collision coverage, you would have to pay for the repairs or replacement of your car out of pocket, which can be expensive, especially if you own a new or expensive vehicle.

What Does Collision Coverage Cover?

Collision coverage usually covers any of the following:

Collision Damage

As the name suggests, collision coverage covers damage to your vehicle resulting from a collision with another vehicle or object. This can include damage to your car’s body, frame, and mechanical components.

Damages Caused by Uninsured or Uninsured Drivers

Some collision coverage policies also include coverage for damages caused by uninsured or underinsured drivers. This means that if you are involved in an accident with someone who does not have insurance or does not have enough insurance to cover the damages, your collision coverage can help cover the costs.

Damage Caused by a Hit-And-Run Accident

Collision coverage may also provide coverage for damages caused by a hit-and-run accident. If you are involved in an accident where the other driver flees the scene and cannot be identified, your collision coverage can help cover the costs of repairing your vehicle.

Deductibles

Most collision coverage policies come with a deductible, which you must pay out of pocket before your insurance kicks in to cover the rest of the cost. The higher your deductible, the lower your monthly premium will be.

Where to Get Collision Coverage

Collision coverage is available through most car insurance companies. When choosing an insurance company, comparing rates and coverage options is essential to find the best policy for your needs. You can also consult an insurance agent to help you understand your coverage options and choose the best policy for your budget.

The cost will depend on several factors, including your driving record, the make and model of your vehicle, your age and location, and the coverage you choose. Comparing quotes from multiple insurance companies is recommended to ensure you are getting the best deal. Additionally, some insurance companies offer discounts for safe driving, multiple policies, or if you have certain safety features installed in your vehicle, so ask about these discounts when getting a quote.

Conclusion

Collision coverage is an essential type of car insurance that protects your vehicle in case of an accident. For this reason, you must shop around to find the best coverage options and rates that fit your needs and budget. This way, you can drive with peace of mind knowing that you are protected in case of an accident.

If you’re looking for an auto insurance agency in Fort Myers, Bassine Insurance has what you need! We offer comprehensive auto insurance coverage to protect you during undesirable situations for fair prices. Call us today at 239-995-0333 to request a quote!

The Importance of Home Insurance: Protecting Your Investment

Homeownership is a significant investment, and protecting it is crucial. A home insurance policy is a contract between the homeowner and the insurer, providing financial protection against unexpected circumstances such as fire, theft, and natural disasters. Home insurance policy offers peace of mind by safeguarding the homeowner’s property and assets.

Protection against Natural Disasters

Natural disasters such as floods, hurricanes, and earthquakes can cause severe damage to a home. The home insurance policy covers the costs of repairing or rebuilding a home that has sustained damage from natural disasters. Without insurance, homeowners may be forced to bear the full cost of repairs, which can be financially crippling.

Protection against Theft

Home insurance policy provides coverage against theft or burglary. In the event of a break-in, the policy will cover the loss of personal property, such as electronics, jewelry, and other valuables. Homeowners can also opt for additional coverage to protect against specific types of theft, such as identity theft.

Liability Protection

Home insurance policy also provides liability protection to homeowners. Liability coverage protects homeowners against lawsuits arising from injuries or damages sustained by visitors to their property. For example, if a visitor slips and falls on the homeowner’s property, the liability coverage will pay for medical expenses and legal fees associated with the lawsuit.

Mortgage Requirement

Most mortgage lenders require homeowners to have a home insurance policy. The insurance policy ensures that the lender’s investment is protected in the event of damage or destruction to the property. If the homeowner does not have insurance, the lender may require the homeowner to purchase it, and the cost may be added to the monthly mortgage payment.

Protection for Personal Assets

Home insurance policy covers personal property within the homeowner’s property. Personal property includes items such as furniture, clothing, and electronics. Without insurance, these items would not be covered in the event of damage or destruction to the home.

Temporary Housing Coverage

In the event of significant damage to the home, homeowners may be forced to seek temporary housing. Home insurance policy provides coverage for temporary housing expenses. This coverage ensures that homeowners are not left without a place to stay while their home is being repaired or rebuilt.

Peace of Mind

Home insurance policy provides peace of mind to homeowners. Knowing that their investment is protected against unexpected circumstances such as natural disasters, theft, and liability claims can ease the stress of homeownership. Homeowners can focus on enjoying their homes and not worrying about the financial consequences of unexpected events.

Cost-Effective

Home insurance policy is cost-effective. The cost of insurance is a small price to pay for the peace of mind and financial protection it provides. Homeowners can choose the coverage that best fits their needs and budget. The cost of insurance varies depending on factors such as location, age of the home, and the coverage amount.

To Sum Up

Home insurance policy is essential for homeowners. It protects against natural disasters, theft, liability claims, and personal asset loss. Homeowners can also benefit from temporary housing coverage and the peace of mind that insurance provides. Most mortgage lenders require home insurance policy, and it is cost-effective. Homeowners should choose the coverage that best fits their needs and budget. Home insurance policy offers financial protection and peace of mind, making it an investment well worth the cost.

Bassine Insurance is a reputable home insurance agency in Fort Myers. We also offer a wide range of insurance products. Get started now.

Here Are Some Boat Insurance Myths You Need to Know!

Boating is one of the most popular recreational activities worldwide. Whether you are a seasoned sailor or a beginner, owning a boat can be an exhilarating experience. However, just like owning a car or a house, owning a boat comes with unique risks. That’s where boat insurance comes in. It protects you from financial losses due to damage, theft, or liability issues. Unfortunately, boat insurance is not well understood by many boat owners.

Here are the top boat insurance myths you need to know.

1. Boat Insurance Is Not Necessary

Many boaters believe that boat insurance is unnecessary, especially if they have a small boat or only use it occasionally. However, accidents can happen anytime and anywhere. Even the most experienced boaters can encounter unexpected situations resulting in significant financial losses. Boat insurance can protect your investment and give you peace of mind.

2. Homeowner’s Insurance Covers My Boat

Many homeowners assume that their homeowner’s insurance policy will cover their boat. However, most homeowner’s insurance policies have limited coverage for boats. They usually cover small boats with low horsepower and low value. If you have a bigger boat or a more expensive boat, you need a separate boat insurance policy to protect it adequately.

3. Boat Insurance Is Too Expensive

Many boaters believe boat insurance is too expensive and not worth the cost. However, boat insurance premiums are based on many factors, such as the type of boat, its value, the navigational area, and the coverage limits. You can find affordable boat insurance that fits your budget with proper research and comparison shopping.

4. Boat Insurance Only Covers Damage to My Boat

Boat insurance covers more than just damage to your boat. It also covers liability issues, such as injuries to others or damage to their property caused by your boat. It can also cover medical expenses, salvage costs, and towing expenses. Some policies even offer coverage for pollution liability and wreck removal.

5. Boat Insurance Only Covers Accidents on the Water

Boat insurance covers more than just accidents on the water. It also covers theft, vandalism, and damage while your boat is in storage or transported. Some policies even cover hurricanes, earthquakes, and other natural disasters.

6. Boat Insurance Is Not Necessary If You Only Use Your Boat for Personal Use

Many boaters believe that boat insurance is not necessary if they only use their boat for personal use. However, accidents can happen anytime, even during recreational use. If you invite friends or family members aboard your boat, you are responsible for their safety. Boat insurance can protect you from financial losses due to accidents or injuries.

7. You Don’t Need Boat Insurance If You’re a Safe Boater

Even the safest boaters can encounter unexpected situations resulting in significant financial losses. Boat insurance can protect you from these losses, regardless of your safety. Additionally, many marinas and waterways require boaters’ insurance before entering the water.

Conclusion

Boat insurance is an essential part of owning a boat. It can protect you from financial losses due to accidents, theft, or liability issues. Understanding the facts about boat insurance and dispelling any myths you may have heard is essential. By doing so, you can make an informed decision about the right coverage for your needs.

Protecting your investment with the right boat insurance policy is crucial as a boat owner. The Bassine Insurance Agency, a specialized boat insurance agency, offers various insurance products to fit your needs. Contact us today!