What protection does condo insurance offer?

Posted on December 28, 2020December 28, 2020 by admin

Tallahassee is a trendy place to call home. As the capital of Florida, condos are in high demand. Insuring a condo is not precisely like insuring a free-standing home. Before you invest in condo insurance, talk to an independent insurance agent that you trust to steer you in the right direction. At Fuqua Insurance Agency in Tallahassee, FL, we care about you, and we will give you the benefit of our years of insurance experience.

With condo insurance, you don’t need to insure the outside of the building. The condo association has a master policy that covers the exterior and common areas. Familiarize yourself with the master policy. It is important to know where the association insurance ends, and yours needs to begin.

Property coverage

While you don’t need to insure the exterior of your condo, you need to cover the walls-in. This means things like the kitchen cabinets, a fireplace, bathrooms, and fixtures. If you have done any upgrades, be sure these are reflected in the price the insurance company will pay you to restore the interior if it is damaged.

Everyone has a lot more possessions than they realize. You can choose replacement cost or actual value. Replacement cost is more expensive, but it means what it sounds like, you won’t get the depreciated value of your 10-year-old washer. You will get the amount you need to buy a new one.

Liability

If someone is injured while visiting your condo or by a member of your family, liability coverage will protect your assets and help pay any legal fees and a judgment against you.

Loss of use

If your condo is damaged and you can’t live there for a while, this will help pay for a place to stay.

Contact Fuqua Insurance Agency in Tallahassee, FL for all of your insurance needs.

What are the benefits of getting life insurance?

Posted on November 30, 2020November 30, 2020 by admin

When you are in the Tallahassee, FL area, there will be many different types of insurance that you need to have. One type of insurance that you need to spend time carefully considering is life insurance. For those that are in this area of Florida, several benefits come with life insurance that could make it a great investment for you.

Coverage Provides Protection for Dependants

The primary benefit of life insurance is that it can provide you with protection for your dependents. If there are people in your life that depend on your income, you will want to make sure that they are covered financially if you were to pass away. When you choose a new life insurance policy, you can pick one with a term length and coverage level that provides protection and peace of mind.

Good Investment Option

It would help if you also considered a life insurance policy because it can be a good investment option. When you get a whole life insurance policy, some of your payments will go into an account that will grow with interest over time. Eventually, you will be able to liquidate this account or post it as collateral for a loan.

There are clearly many advantages that come when you get a life insurance policy in the Tallahassee, FL area. If you are shopping for this insurance here, you may find that picking a policy is confusing and challenging. To ensure that you get into the best policy possible, you should speak with the Fuqua Insurance Agency team. When you are going to call the Fuqua Insurance Agency, you will learn more about your options, which will help you choose the right policy for your business.

Three auto insurance mistakes to avoid

Posted on October 27, 2020October 27, 2020 by admin

You need to select the right auto insurance coverage for financial security while driving in Tallahassee, FL. At Fuqua Insurance Agency, we can help with that. We provide Florida auto insurance policies.

You need to do your research and choose carefully when selecting auto insurance coverage. The following are three auto insurance mistakes to avoid when purchasing a policy.

Purchasing only enough coverage for state requirements

It’s true that your auto insurance policy is going to need to meet some state minimums in terms of liability coverage. However, that doesn’t mean that all your policy needs to do is meet these basic minimum requirements.

Meeting state liability coverage requirements will allow you to drive legally. However, it doesn’t mean that you’ll be financially secure. You could get in a costly accident that costs you much more than your policy will cover. This could create huge financial problems for you down the road.

Choosing a policy with a high deductible

High deductible policies offer the advantage of having lower monthly premiums. However, paying a large deductible might not be possible for you if you get in an accident.

Ensure your deductible amount isn’t so high that it will be a financial burden to pay if you get in an accident and need to file a claim.

Not looking into policy features.

There are a lot of auto insurance policy features that it’s beneficial to have. Two prime examples are roadside coverage and rental car coverage. These features can make things much more convenient for you if your vehicle breaks down or if your vehicle is involved in an accident and needs to spend a few days in the shop.

Do you have questions about auto insurance in Tallahassee, FL? We can help you to find the answers you’re looking for. Contact us at Fuqua Insurance Agency today to learn more.

A Look At Some Common Insurance Myths

Posted on September 14, 2020September 14, 2020 by admin

For over 40 years, Fuqua Insurance Agency has helped the Tallahassee, FL community find the insurance coverage that they need to enjoy comfortable lives. We take pride in helping all of our clients find the right policies for their individual situations.

Florida is a state where many business owners have the opportunity to thrive. If you are an entrepreneur, commercial insurance allows you to protect your investment. Commercial insurance protects your business if your property is vandalized or damaged due to a fire or natural disaster. All of your equipment is covered if it is stolen.

Common Commercial Insurance Myths

People Don’t Need It If They Have Home Insurance

Many people assume that their home insurance policy also covers the physical property that they use for their business. This is incorrect. While you may amend your home insurance policy to cover some aspects of your business, the only way to fully protect your business is through commercial insurance.

Workers Compensation Isn’t Necessary For A Small Business.

This is not necessarily true. Whether you are obligated to have workers’ compensation depends not only on the size of your business but on local laws and regulations. The industry that your business is operating in is another factor that must be considered. That’s why it’s vital that you thoroughly research a policy before you agree to it.

Auto Insurance Covers Business Vehicles

In some cases, auto insurance does not cover personal vehicles that are used for professional endeavors. To ensure complete coverage on every vehicle that is used for business-related endeavors, consider commercial insurance.

Consult With Fuqua Insurance Agency

We will sit down with you and discuss your commercial insurance options so that your business can continue to thrive. Please stop by our office in Tallahassee, FL today!

Home Insurance Facts Florida Residents Should Be Aware Of

Posted on August 24, 2020August 24, 2020 by admin

Based out of Tallahassee, FL, Fuqua Insurance Agency assists Florida residents by offering different insurance policies. For over 40 years, we have strived to provide excellent customer service to our clients and help them find the insurance coverage that they need.

Fuqua Insurance Agency recognizes your home is one of your most valuable possessions. A home insurance policy can help you adequately protect your investment.

Basic Home Insurance Facts That You Should Be Aware Of

Replacement Coverage

If your belongings are damaged or stolen, your policy should include coverage that allows you to replace or repair the items.

Maintenance Is Important

Make sure that your property is in good shape. That can help you receive a better rate from insurance companies.

Liability Coverage Includes Your Pets In Some Cases

If your dog bites someone on your property, you are generally protected through liability coverage. However, you may need to add a separate policy if you have a special breed of dogs like a Cane Corso, Great Dane, Doberman pinscher, or a boxer.

National Disasters Are Covered

Florida is prone to natural disasters such as hurricanes. If your home is damaged due to a natural disaster such as a tornado or hurricane, the policy will cover it. However, you may need to amend your policy to include flood protection.

Your Items Are Covered When You Travel

If you are traveling on vacation and someone breaks into your home while you are away and steals your property, your items are still covered under your policy.

Fuqua Insurance Agency Can Help You

We will help you find the right home insurance policy for your needs. Please stop by our office in Tallahassee, FL, and consult with us today!

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