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1836 Hermitage Blvd, Suite 100
Tallahassee, FL 32308

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Tag: Tallahassee FL

When will an umbrella policy come into play to protect your business?

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Fuqua Insurance Agency is proud to work closely with the business community of the greater Tallahassee, FL area. We value the services that our business leaders provide to our community and are here to help with insurance needs. If you are just getting started out, or you have a long-established company, give us a call for all of your commercial insurance needs!

Umbrella insurance coverage triggers

When it comes to umbrella insurance, many business owners have a lot of questions. There can be some confusion about exactly what type of protection these policies offer, and when they are used.

Typically, an umbrella policy will come into play in the event that your primary policy is exhausted. This means that if you suffer from a lawsuit and the liability damages are greater than the amount that your primary policy provides, your umbrella policy would kick into action.

This type of policy provides excess liability protection and can help save the business and its principals from financial responsibility. When a primary policy is exhausted, the additional liability or damages will then become the responsibility of the firm. Depending on how the company is structured, this could mean that the principals themselves would be held personally responsible for any remaining financial damages.  

Fortunately, this scenario of personal responsibility can be easily avoided! Now is a great time to get an umbrella policy in place for your company.

We look forward to working with you!

Tallahassee, FL area business owners rely on the team at Fuqua Insurance Agency. If you would like to learn more about umbrella insurance policies and how they can help to protect your company, give us a call or stop by today. We look forward to collaborating with you!

What You Need to Know About Condo Insurance

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Protect your home with the right condo insurance policy. As a tenant, you’re responsible for your belongings and any damage you cause to the property. Condo insurance can help cover the cost of repairs or replacements if something happens to your belongings or the unit itself.  Fuqua Insurance Agency in Tallahassee, FL offers this guide on navigating this important coverage.

What is Condo Insurance?

Condo insurance is a type of homeowner’s insurance that explicitly covers condos. Like other homeowner’s insurance policies, it can help protect your home and belongings from damage or theft. It can also help cover the cost of repairs if you accidentally damage another person’s property.

What Does Condo Insurance Cover?

Condo insurance typically covers:

• Damage to your unit from a covered event (e.g., fire, windstorm)

• Theft of your belongings

• Liability coverage if you’re sued for accidentally damaging someone else’s property or injuring them

Also, if you need to leave during a covered event (e.g., evacuation because of a hurricane), your condo insurance can help cover the cost of temporary housing.

What Does Condo Insurance Not Cover?

Condo insurance rarely covers:

• Flood damage

• Earthquake damage

• Damage caused by poor maintenance or negligence

• belongings left outside of your unit

Before accepting a policy, read the fine print to ensure you understand what is and isn’t covered. Your Fuqua Insurance Agency representative can help explain the coverage and exclusions in your condo insurance policy.

Deductibles and Limits

Condo insurance policies typically have a deductible, the amount you have to pay before your insurance kicks in. For example, if you have a $500 deductible and your damages total $1,000, you pay the first $500, and your insurance would cover the remaining $500.

Most policies also limit the maximum amount your insurance will pay for a covered event. For example, if you have a $500 limit for personal property and your damages total $1,000, your insurance would only cover $500.

Give Us A Call

Your Fuqua Insurance Agency representative in Tallahassee, FL can help you choose the right deductible and limits for your condo insurance policy.

Which Type Of Commercial Insurance Is Right For My Business?

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Different enterprises have different insurance needs. This usually leaves many business owners scratching their heads, trying to figure out what type of business coverage would be best for their enterprises. Fuqua Insurance Agency offers this guide in navigating commercial insurance. Here is a breakdown of the policies you should get for your business in Tallahassee, FL. 

Which Type Of Commercial Insurance Is Right For Your Business? 

1. General Liability Insurance

General liability insurance is a must-have commercial coverage no matter what business you operate. This policy will protect you and your company against being liable for delivery people, customers, and other non-employees who get injured or have their property damaged while on your premises. General liability insurance will cover court costs, lawyer’s fees, settlements, and judgments.

2. Professional Liability Insurance

If you run an enterprise that provides professional services, you need professional liability insurance. This policy will protect you from customer complaints about work mistakes that result in injury and financial losses. For example, if you are an electrical services company and you do wiring in a client’s home, and after some days, your wiring work causes a fire that damages the house, your professional liability coverage will take care of that.

3. Workers Compensation Insurance

Many business owners don’t think they need workers compensation insurance because they believe they are in a safer industry. This coverage takes care of liability for current employees who experience on-the-job injuries and work-related ailments. At Fuqua Insurance Agency, we recommend all enterprises get this coverage no matter what they do. Even if you only have office employees, an office chair might break under an employee’s weight. In case they sustain hip, pelvic or back injuries, your workers compensation insurance will save you and your business from massive liability. This coverage will pay for missed wages, medical bills, and even death benefits.

Contact Us Today

Do you need tailored commercial insurance for your business in Tallahassee, FL? Contact Fuqua Insurance Agency today for unbeatable business insurance assistance and deals.

Boat Insurance 101: What You Need to Know

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If you’re like most boat owners, you probably don’t give much thought to boat insurance until you need it. And that’s a mistake because the right boat insurance can save you a lot of money and hassle in the event of an accident or theft. So, what do you need to know about boat insurance? Here’s what you need to know about boat insurance.

Most people think of boat insurance as something that covers the physical boat itself. But in reality, boat insurance is much more than that. Boat insurance can cover you for liability in the event that someone is injured while on your boat or if you damage someone else’s property with your boat.

How Much Is Boat Insurance?

The cost of boat insurance depends on several factors, including the value of your boat, the type of boat, the engine size, where you live, and the primary function of the boat. Add-ons like towing and fishing equipment can also affect the cost of boat insurance.

The best way to get an accurate quote is to speak with a boat insurance agent who can tailor a policy to your specific needs.

Who Is Covered Under Boat Insurance?

Boat insurance policies typically cover the named insured and any family members who live with the named insured. Passengers are also typically covered, although there may be some limits on the number of passengers depending on the policy. It’s important to check with your boat insurance agent to be sure.

Should You Get Boat Insurance While It’s in Storage?

If you’re not using your boat for an extended period, you may be tempted to cancel your boat insurance policy to save money. But that’s a mistake. Even if your boat is in storage, it’s still at risk of being damaged or stolen. So, it’s important to keep your boat insurance policy active even when you’re not using your boat.

Get Boat Insurance in Tallahassee, FL

Boat insurance is an important part of owning a boat. By understanding the basics of boat insurance, you can be sure you’re adequately protected in the event of an accident or theft. And that peace of mind is worth the cost of boat insurance. Fuqua Insurance Agency can help you find the right boat insurance policy for your needs in Tallahassee, FL. Contact us today for a free quote.

Common Auto Insurance Add Ons

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Fuqua Insurance Agency proudly serves the Tallahassee, FL community. For over 23 years, we have helped residents obtain the coverage they need to protect their assets. We offer versatile policies designed to meet the evolving needs of our clients.

We look forward to consulting with you so that you can obtain the right policy for your situation.

Auto Insurance Add Ons

Auto insurance protects you as you travel around Florida and beyond. While you use your vehicle to complete everyday tasks, insurance helps you stay safe on the road. Operating a car comes with relatively high risks. You have to navigate road conditions such as detours and traffic delays while also dealing with the bad driving habits of other drivers. Auto insurance protects you if your vehicle is damaged in a collision. Liability coverage protects you if you are held responsible for causing property damage or injuring someone with your vehicle. Comprehensive coverage protects your vehicle in unique situations. Perhaps you are driving through inclement weather, and swirling debris damages your windshield, cracking it. Comprehensive coverage protects you in that situation. You are also covered if your vehicle is stolen or damaged due to an accidental fire. One key feature of auto insurance policies is altering them and adding extra coverage.

Uninsured Coverage

Uninsured coverage protects you if you are involved in an accident with someone who does not have insurance. Handling damages with someone who does not have coverage may become complicated. However, uninsured coverage ensures that you are protected in that situation.

Towing Service

Getting a flat tire or suffering battery issues is a major nightmare if you are heading out of town. Luckily, you can add towing coverage, ensuring that you will receive urgent service when you need it.

 Fuqua Insurance Agency Will Help You Protect Your Assets

Contact our office in Tallahassee, FL to learn more about auto insurance.

I have a small business. Do I need Umbrella insurance?

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Many business owners may question the value and the necessity of umbrella insurance. Whether or not to carry umbrella insurance is a personal decision. However, there are some cut-and-dried reasons that may help you determine whether this type of insurance will be beneficial to your business. Our team at Fuqua Insurance Agency is happy to help Tallahassee, FL customers navigate umbrella insurance.

What is Umbrella Insurance?

In short, umbrella insurance is supplemental insurance designed to extend policy coverage levels. Primary insurance is applied first and umbrella insurance kicks in to cover anything that exceeds the coverage levels of primary insurance. This insurance is beneficial in terms of unexpected events like lawsuits, accidents, and liability claims, to list a few. 

Who Needs It?

If you’re a business owner who could experience a loss of profit or go bankrupt in the event of a legal judgment against your business, you may want to consider umbrella insurance if the judgment might exceed coverage limits. In addition, you may have customers that require this type of insurance as protection against unexpected accidents. Businesses with company cars or extensive travel may also benefit from umbrella insurance. Company vehicles, like any vehicle, can be involved in traffic accidents. The extra coverage may be beneficial for covering this type of risk. 

Other Considerations

If your business has an element of risk and danger associated with it, umbrella insurance may be a practical consideration. For example, if you make toxic or hazardous products or undergo a manufacturing process that could be dangerous to employees, umbrella insurance may be the perfect safety net once primary insurance limits have been met. Ultimately, the decision is yours. Umbrella insurance may be a benefit even if you don’t have a high-risk business just to create peace of mind in the event of something unexpected happening. Our team at Fuqua Insurance Agency would be happy to walk you through the ABCs of umbrella insurance to help you make a decision. Give us a call. We’re standing by. 

Should you get flood insurance in Florida?

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Property owners in the Tallahassee, FL area will find that it can be a great place to own real estate. While there are plenty of advantages, there are risks as well. One risk is that the home can be damaged during a flood. As this is a risk that always exists, it is important to insure against it as well as you can with a flood insurance plan. There are various reasons that you should get a flood insurance policy. 

Coverage is Needed to Offset Flood Risk

When you are in the state of Florida, you need to be aware of your risk of flood damage. Unfortunately, you may only receive very limited coverage for flood damage through your standard home insurance plan. If you get a flood insurance plan, it can help to offset this concern as it will specifically provide coverage for damage sustained in a flood. This will ensure you are prepared during a challenging situation. 

Insurance is a Requirement

You should also opt for a flood insurance plan as it could be a requirement for you. Those that are going to buy a home and take out a mortgage are going to have to comply with standards set by the mortgage lender. If you are in a flood zone, this will include having flood insurance. With a proper plan, you will meet these standards and remain in good standing. 

Owning a home is a great option for people in the Tallahassee, FL area. As you are looking to purchase a property, you should call Fuqua Insurance Agency to discuss your insurance needs. This will include helping you assess if you need flood coverage. If necessary, Fuqua Insurance Agency can offer the support that you need to pick your next insurance plan. 

Will flood insurance properly protect someone in Florida?

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Living in the Tallahassee, FL area can be an ideal situation for a lot of people. While this area of Florida has nice weather and a good economy, some property owners will be at risk of having their homes damaged by floodwaters. Due to this, having a flood insurance plan in place is often a good idea. When you do have a flood coverage plan, you can receive protection in a few ways.

Building Coverage

One form of coverage that you will receive with flood insurance is coverage for your property. The building coverage component of your flood insurance will protect your dwelling and major components of it. This includes the large appliances, installed carpet, electrical and plumbing systems, and other parts that are considered to be part of the permanent structure. The insurance can be used to repair or replace these items.

Personal Items Coverage

If you get a flood insurance plan, you will also get coverage for your personal assets stored within your home. All people are going to have money invested in personal belongings that you will want to receive reimbursement for. Some personal items that will be covered include clothing, furniture, personal electronics, or smaller appliances that are easily moved. This ensures you will have the support to replace these items if you incur a major loss. 

There are clearly a lot of advantages that come with having a flood insurance plan in the Tallahassee, FL area. When you are assessing your various options, it would be smart to call the Fuqua Insurance Agency. The insurance professionals with the Fuqua Insurance Agency can help you build a plan that will give you ideal protection and support. They can also answer any questions that you have and ensure you get into a plan that offers the right coverage. 

What Your Personal Florida Condo Insurance Does and Does Not Cover

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Condo insurance is not mandatory in Florida if you own your condo outright, but if you don’t, your lender or mortgage broker will probably require it. Still, it’s a good idea to get it, because you will have contents and valuables that you want to cover. You also want to protect yourself from liabilities that could happen in your home.

At Fuqua Insurance Agency, we want Tallahassee, FL residents to be protected and covered for every risk that could happen in their homes.

Learn more about what condo insurance does and does not cover here.

What is Covered by Condo Insurance?

Condo insurance will cover what you want it to cover. You can get liability insurance, property insurance, and contents coverage. There are a number of additional coverages that you can get beyond a basic liability and contents package.

Your personal liability coverage will also cover you in the event that there is an accident or injury in your home that you are found to be at fault for. This could be something such as a dog bite, a slip, and fall, or an accident. Both dog bites and slip and falls are billion-dollar problems in the United States as they can cause serious injury. You’ll want a good liability policy.

You might also want guest medical coverage, which can cover the medical costs of a guest if they become injured in your home. This would cover injuries for which you are not at fault. For example, if a guest burned themselves on your stove when they were cooking.

What is Not Covered by Condo Insurance?

Your condo insurance will not cover contents and liabilities in the main sections of your condo building or compound. The main entrances, elevators, hallways, and anywhere where there are common areas would be covered by your condo association insurance policy, or master condo insurance policy. 

The master policy may also cover the walls and floors of your home. Find out from your condo association what is covered in the master policy.

Get a Quote

Although condo insurance may seem simple, these are just a few of the things that it will cover. You can get as thorough a policy as you want. At Fuqua Insurance Agency, we want Tallahassee, FL condo owners to have the most thorough policy for their needs. Call us today for a quote.

Here’s Why You Might Want Term Life Insurance

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Term life insurance policies don’t get the respect they deserve, as they can provide many benefits for those who purchase them. Thankfully, Tallahassee, FL residents can work with us at Fuqua Insurance Agency to find the high-quality policy that makes the most sense for their needs.

Why Term Life Insurance Benefits Many 

When facing the choice between whole and term life insurance, whole life often makes sense to many. However, term life has benefits and is often chosen over more extensive options. For example, you can get a high level of benefits for the lowest premium with a term policy, particularly when you start. 

Though your term cost will increase over time, this choice is wise for older adults who probably don’t have a whole term left to their life. For example, people aged 60 and 70 likely find that term life is a great and inexpensive option for their needs and decreases their concern over passing. 

That said, this option is also a surprisingly affordable one for younger buyers. For instance, people in their 30s or 40s in a dangerous job may find high-quality coverage that suits their needs. This option is often a good way for somebody to check out a policy and see what it may provide. 

And people who want a loan may also find a term life policy is a great option. That’s because these inexpensive policies can be used as collateral, expanding your potential borrowing options and giving you a better chance of getting the kind of interest rate and premium that you want and deserve. 

Finding a Policy 

Do you want a term life policy to protect yourself and your loved ones? Then, please make sure that you reach out to us at Fuqua Insurance Agency to learn more. We serve the Tallahassee, FL, area and will do what we can to satisfy your needs and give you the coverage that you crave for your needs.

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