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Fuqua Insurance Agency

1836 Hermitage Blvd, Suite 100
Tallahassee, FL 32308

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Tag: Tallahassee FL

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.

Auto Insurance Terms You Should Know

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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

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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?

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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

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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

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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.

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