Here’s Why You Might Want Term Life Insurance

Posted on October 15, 2021October 10, 2021 by admin

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.

Auto Insurance Terms You Should Know

Posted on September 30, 2021October 10, 2021 by admin

Buying an auto policy for the first time can often prove challenging, given the numerous insurance jargon that comes with the purchase process. To help with this, Fuqua Insurance Agency lists standard terms you should know before signing up for your auto policy. In addition to helping starters navigate this path, the following guide will also come in handy for any Tallahassee, FL car owners looking to reacquaint themselves with auto policy terms in readiness for their next purchase.

Liability Insurance

Liability insurance refers to the minimum amount of coverage that every driver is required to have. While the minimum coverage varies in each state, insurance options covering 3rd party bodily injury liability and property damage liability will often be sufficient. Such auto policies help you cover the costs of injuries to other parties while also taking care of 3rd party property repair and replacement costs.

Damages

Damages refer to the costs you will be required to legally pay to other parties when found liable for injuries caused in an accident. Damages are also awarded to 3rd parties when accidents result in property damage requiring repairs or replacement.

Damage

Damage refers to any destruction of property such as vehicles or buildings or harm caused to a person. During an accident, damage can be used to refer to injuries that you, your passengers, or 3rd parties sustain or property loss that the listed parties also incur.

Coverage

Coverage is the term used to refer to the specific benefits that your policy provides. Examples include collision coverage that pays for expenses arising from impact accidents and comprehensive coverage that protects you when your vehicle gets damaged during vandalism or fire outbreaks.

Personal Injury Protection

Personal injury protection is a policy that takes care of your medical costs when you get into an accident. It also pays for lost wages for you and your passengers.

To get auto insurance within Tallahassee, FL, get in touch with Fuqua Insurance Agency today. Our agents will take you through our policies and help you pick out a customized solution.

Boat Insurance Add-ons to Consider

Posted on August 16, 2021August 2, 2021 by admin

Few things can beat the fun that your boat accords you. Whether it’s sailing, fishing, or cruising, your boat exposes you to a world of limitless fun — and you wouldn’t want anything to stop that. Unfortunately, your boating experience can quickly turn into a nightmare when perils like accidents strike. Thankfully, your ordeal can become less daunting when you have boat insurance from Fuqua Insurance Agency of Tallahassee, FL.

Since boat insurance can be challenging to boat owners, we have put add-ons you can consider to strengthen your coverage. Here are some.

Umbrella insurance

While you may have liability coverage in your boat insurance, it may not hold water when faced with significant liability claims. In such cases, you need umbrella insurance to take over from where your typical liability coverage leaves off. If you have substantial assets to protect, we advise you purchase umbrella insurance to protect what you have worked so hard to accumulate.

Uninsured boater coverage

Since boat insurance isn’t compulsory in Florida, you are likely to encounter many uninsured boaters. Unfortunately, boaters without insurance leave numerous uncovered losses on their path. The good news is that when you have uninsured boater coverage, you don’t have to worry about less responsible boaters.

Medical payments coverage

While boating accidents are rare, they can cause significant injuries when they happen. Worse yet, these injuries can deter you from resuming your day-to-day activities. Luckily, when you include MedPay or PIP coverage in your boat insurance, you can concentrate on your recovery, knowing that your medical bills and partial loss of income are well taken care of.

Physical damage coverage

Because your boat is valuable to you, it’s vital to ensure its safety inside and outside the waters. Comprehensive and collision coverages cover repairs and even replace your boat from perils like fire, vandalism, theft, accidents, and many others.

Get boat insurance today!

Are you considering boat insurance? You are on the right track. If you are in Tallahassee, FL, and its environs, contact Fuqua Insurance Agency for a quote.

Who Needs Umbrella Insurance?

Posted on July 30, 2021August 2, 2021 by admin

While Umbrella insurance can be a very useful and valuable tool in anyone’s financial arsenal, it’s not necessarily insurance that every individual needs to carry. The team of Fuqua Insurance Agency serving Tallahassee, FL can help you determine if carrying umbrella insurance is right for you and your family.

Umbrella insurance policies typically cover not just the insured but also whoever else the insured designates as covered, for example, their spouses and children, or anyone else that might live in the insured’s home. Let’s look at some examples of when an umbrella policy can be useful and what people would definitely benefit from having an umbrella insurance policy:

If the total value of your assets (including cash on hand such as checking accounts, savings accounts, and assets such as cars and houses) is higher than the amount of insurance you carry, an umbrella policy might be a great investment for you.
If you rent out a home, employ a household staff or spend a lot of time entertaining groups of people in your home, you are automatically at a higher risk for potential lawsuits and an umbrella policy might be a good fit for you
Having a teenage driver, a dog, or owning a swimming pool are all additional factors that would make sense to carry an umbrella insurance policy
If you are a public figure of any kind or have a job that might open you up to being sued, investing in an umbrella insurance policy is a smart move to protect you and your family

Residents of the Tallahassee, FL area can contact the professionals at Fuqua Insurance Agency today to learn more about Umbrella Insurance today!

4 Facts About Flood Insurance

Posted on June 21, 2021June 21, 2021 by admin

Since floods are the most causes of natural disasters in America, it’s no surprise for homeowners to consider flood insurance. However, while buying flood insurance, you might encounter false information that may cloud your judgment, leading you to make misinformed decisions. Thankfully, Fuqua Insurance Agency is here to set the record straight for Tallahassee, FL residents shopping for flood insurance. Here are four facts you need to know about flood insurance.

Home insurance doesn’t cover flood damage

Many homeowners buy home insurance with the hope that it protects them from floods. Typical home insurance won’t protect your home when floods strike. Home insurance will cover water damage if the cause comes from within the house (for instance, leaking pipes). For this reason, you need flood insurance to avoid a bad experience when filing a claim.

You need flood insurance even if you reside in low-risk areas

According to FEMA, approximately 20 percent of all flood insurance claims come from residents in areas considered to have low to moderate flood risk! Given that floods can strike anywhere, every homeowner should consider buying this coverage.

Federal government assists, but you still need flood insurance

You will be lucky if there is a Presidential Disaster Declaration to declare floods in your area a national disaster because this isn’t always the case. But even when federal assistance is given, it’s in the form of a loan that you are supposed to pay at an interest! Besides, it would help if you still had flood insurance even after getting a federal grant because floods can strike again.

Flood insurance exclusions

While flood insurance covers flooding, it won’t cover flooding resulting from malfunctioning pipes and other appliances. Flood insurance covers overland flooding. Simply put, flood insurance covers water damage resulting from an overflow of land that is usually dry.

Buy flood insurance today!

Are you looking for flood insurance coverage in Tallahassee, FL? Please contact Fuqua Insurance Agency for an affordable quote.

Condo Insurance FAQs

Posted on May 28, 2021May 28, 2021 by admin

If you own a condo in Tallahassee, FL, you must be aware of condo insurance. But do you understand how this insurance works? Do you know what it covers? For answers to these and many other questions, keep reading as Fuqua Insurance Agency shares responses to frequently asked questions about condo insurance.

What is condo insurance?

Condo insurance is an individual coverage for condo owners that covers the interior of your condo against damage. Depending on your condo owner’s association (COA) coverage, your condo insurance covers the interior walls, appliances, and other personal properties.

But am I not covered by COA master policy?

Most condo owners are often confused about why they need condo insurance, yet their condo is covered by a COA master policy. Well, your COA’s master policy covers damage to the exterior of your building, including areas such as the lobby, elevator, tennis court, and other common areas. Besides, COA covers injuries to guests occurring in common areas such as the swimming pool. However, the COA master policy doesn’t cover damage or loss to your condo’s interior and its contents.

What does condo insurance cover?

While condo insurance may differ from one insurance company to another, typical condo insurance covers the below:

Dwelling coverage: Protects your building interior against perils like theft, vandalism, fire, and other covered risks.
Personal belongings: Covers personal assets like furniture, clothing, and electronics against loss or damage.
Liability coverage: Condo insurance provides bodily injury and property damage coverage, including legal fees coverage for injuries or damages you cause to other people.
Additional living expenses (ALE) coverage: Provides coverage when your condo becomes unlivable. It pays for extra living expenses like hotel meals and accommodation after seeking temporal shelter as your condo is undergoing repairs.

Are you shopping for condo insurance in Tallahassee, FL? At Fuqua Insurance Agency, we understand condo owners’ insurance needs differ. As such, instead of providing a one-size-fits-all condo insurance plan, we offer personalized insurance coverage to answer your specific needs. Contact us today for a competitive quote.

When will having boat insurance be helpful in Florida?

Posted on April 26, 2021April 26, 2021 by admin

In the Tallahassee, FL area, a great way to enjoy the long summer months is by investing in your very own boat. If you would like to buy a boat, you will want to know that it is properly covered with insurance. Having boat insurance will be helpful in several situations. It can also help you meet certain requirements too.

When Involved in an Accident

The first scenario in which you will be glad that you have boat insurance is when you are involved in an accident. If you are at fault in a boat accident, the liability insurance component of your insurance plan will mitigate this risk and cover damages that the other party has experienced. With a full insurance plan, you will also have the coverage needed to repair your boat as well.

When Trying to Comply with Requirements

You will also benefit from having a boat insurance plan when you want to comply with various requirements. Anyone that would like to own a boat and use it could have different insurance requirements. If you have financed the purchase of the boat with a loan, you will be required to carry this coverage until you pay off the balance. You may also be required to carry coverage to use certain marinas with insurance requirements for all owners.

Boat owners in the Tallahassee, FL area will usually need to have an insurance plan. If you are looking for a new policy in this area, it would be good to call Fuqua Insurance Agency. When you contact the Fuqua Insurance Agency, you will get the professional help you need when looking for insurance. We can provide the support that you need to build and purchase a new insurance plan.

When Is Minimum Insurance Recommended?

Posted on March 29, 2021March 29, 2021 by admin

When it comes to car insurance in Tallahassee, FL, you never want to drive with less than the minimum legal required amount, and you usually want to drive with full coverage. But there may be instances where you don’t really need any more than the legal minimum.

Rule of Thumb

The simplest way to determine if you need full coverage is to consider this rule of thumb: If one year’s premium payments come out to more than the car’s current value, you might as well drop everything but liability and any medical policies you’re holding.

With a new car, collision and comprehensive are a must. And you’ll probably want gap insurance and replacement coverage, too. But once you hit that 250k mile marker on the odometer and you’re not sure if your car even has another year left in it, all of those other policies will wind up costing you more than they’ll ever payout.

It can be hard to accept when your car is past its prime, but you can’t insure it for its sentimental value, only for the cold hard cash you’d get if you were to sell it.

You never want to drive with less coverage than you need, but you don’t want to pay more than your car is worth to protect its value, either.

If you have any questions or if you’re looking to get covered in Tallahassee, FL, get in touch with the Fuqua Insurance Agency. You can call or visit the Fuqua Insurance Agency website in order to get a quote on the insurance you need, whether that’s just the basics or a full package.

Do I need umbrella insurance in Florida?

Posted on February 25, 2021February 25, 2021 by admin

People that live in the Tallahassee, FL area have many insurance needs. For many residents, this includes getting home and auto insurance, which protects valuable assets and offers liability protection. When you are in Florida, getting an umbrella insurance plan is also beneficial as it can offer extended liability protection. There are a few reasons why people should get umbrella coverage.

You Want Coverage for Big Claims

A situation when it could be a good idea to get umbrella insurance is when you are concerned about large liability claims. If you are ever at fault in an accident that results in major damages, the liability claim could exceed your home or auto policy. Fortunately, you can also get an umbrella insurance plan which will provide you with coverage on top of your other insurance plan in place.

You Want Coverage for Unexpected Situations

You will also need to get an umbrella plan if you are concerned about the unexpected. While it is possible to predict certain liability risks and insure against them, there are other risks out there that are harder to predict and present serious liability risks. A great way to mitigate these risks is by getting an umbrella plan as it offers more blanket coverage that can cover a wide range of risks that could result in a personal liability claim.

Having proper insurance in Tallahassee, FL is important. As you build a personal insurance plan and are thinking about umbrella coverage, you should call the Fuqua Insurance Agency. The insurance professionals with the Fuqua Insurance Agency understand the importance of this coverage. They can then give you the support needed to choose a plan that is right for your situation.

5 Reasons Florida Homeowners Need Flood Insurance

Posted on January 28, 2021January 28, 2021 by admin

Florida is well known for its tropical storms and hurricanes that can cause extensive flooding. This puts Florida homeowners at risk of flood damage. With flood insurance from Fuqua Insurance Agency, you can safeguard your home and valuables against flood disasters. Here are a few good reasons to consider purchasing flood coverage for your Tallahassee, FL home.

Home Insurance Doesn’t Cover Flood Damage.

Home insurance covers flooding due to broken pipes or other plumbing issues. It doesn’t, however, cover floods from rising rivers or ocean surges. Without proper flood protection, you risk losing all you own to a flood disaster.

Floods Can Occur Anywhere

Floods aren’t restricted to flood zones in Tallahassee, FL. They can occur anywhere, even in low-risk flood areas. For this reason, it’s important to protect yourself with flood coverage.

Flood Damage is Catastrophic

It doesn’t take a large flood to cause disastrous damage. Even a few inches of water can leave behind tens of thousands of dollars’ worth of damages. Unless you have the funds to repair or replace your home or goods on your own, you will do well to protect your property with flood insurance.

You Can’t Depend on Federal Assistance.

Federal assistance is only offered for flood areas that are declared federal disasters. This aid comes in the form of loans that need to be repaid, meaning you’ll still suffer financial loss. In contrast, flood insurance compensates you for your loss, saving you thousands of dollars or more out of pocket.

Peace of Mind

Flood insurance is for any Florida homeowner who wants peace of mind that their home and goods are protected against the risk of flooding. By purchasing flood coverage now, you can be prepared when flood disasters strike.

To purchase your flood policy, contact Fuqua Insurance Agency, serving residents in Tallahassee, FL.

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