Common exclusions on a standard homeowner insurance policy.

Posted on October 28, 2024October 23, 2024 by admin

One of the biggest misconceptions about homeowner insurance is that a standard policy covers every possible scenario of perils that a homeowner may face. At Insurance Warehouses of America in Orlando, FL, we aim to clarify this misconception.

What is included in a standard policy?

A standard home insurance policy typically includes the following coverages:

The primary residence: The home you live in.
Other structures: Sheds, walls, outdoor grills, fences, and outdoor fireplaces.
Your belongings: This includes personal property such as clothing, appliances, furniture, and other items inside the home.
Liability and medical payments: Damages for someone injured on your property by accident or when something on your property, such as a fire, damages the property of another.
Additional living expense: The extra cost of living in another location while your home is rebuilt or renovated after a covered peril.

A standard homeowner policy usually covers fire, windstorms, hail damage, and lightning.

Common Exclusions to a standard home insurance policy.

Unfortunately, a standard homeowner insurance policy does not cover incidents like floods or earthquakes. However, you can purchase additional insurance coverage to cover these perils that put your home at risk.

Other common exclusions to a standard home insurance policy include the following:

Neglect: Damages caused by a property that has not been maintained

Mold: When humidity and moisture have set in and caused mold throughout your home, it is when it was avoidable or could have been prevented.

Wear and Tear: Normal damage that happens to your home over time.

Loss caused on purpose: Intentional losses are not covered by your home insurance policy. You cannot damage your own property and be compensated.

Contact Your Local Orlando Insurance Agent Today!

At Insurance Warehouses of America in Orlando, FL, we understand that insurance terms and conditions can be tricky. Therefore, we have licensed agents available to answer any questions you may have concerning your home insurance policy. Give us a call today at (407) 982-3266.

On the Road or In Your Driveway Auto Insurance has You Covered

Posted on September 30, 2024September 27, 2024 by admin

Screeching tires and the unmistakable crash of a collision are horrific sounds that often come to mind when we consider the need for auto insurance. That’s why drivers around the Orlando, FL, region rely on the professional, friendly, and experienced team at Insurance Warehouses of America to address all their auto insurance needs, both on and off the road.

Auto Protection On and Off the Road

The expenses, hassles, and potential medical complications resulting from an auto accident can be overwhelming. But what if an "accident" occurs within your own driveway, such as misjudging the width of your garage door while backing out or having a tree branch unfortunately fall on your parked car?

The good news is that you won’t have to worry about the right coverage and auto insurance protection. Working with an experienced insurance agent ensures you get the coverage and protection you need for your vehicle.

Auto Insurance Solutions for Orlando, FL, Drivers

If you reside in the greater Orlando, FL, area and want to learn more about auto insurance and your coverage options, we can help. On the road or in your driveway, auto insurance can safeguard your vehicle from damage resulting from accidents, fires, flooding, vandalism, and more. Contact us to learn more and schedule an appointment for the auto insurance solutions you need and deserve at Insurance Warehouses of America today.

Life changes that affect your life insurance needs

Posted on August 30, 2024August 27, 2024 by admin

Life is good in Orlando, FL. Plenty of sunshine and opportunities make it a great place to live. Nobody wants to think about their life insurance, but you and your family need to take the changes in your life into account regarding how much life insurance you have. At Insurance Warehouses of America, we are an independent insurance agency with the expertise and knowledge to help you make sure you have all the life insurance you need.

Buying a house

If you’re like most people, you take on a mortgage once you purchase a home. If you share your home with a partner, you must ensure they are not stuck with your mortgage. You don’t want your family to have to resort to trying to pay your mortgage if you are not there to provide your income.

Changing jobs

You may be one of the people who get life insurance as a benefit of their job. If you change jobs, that will change your coverage, and you must think about that when considering what you need to buy on your own.

Getting married

When you and your spouse get married, you should discuss life insurance. You may need to change the beneficiary on your policies, and you should also discuss your current needs.

Having children

Protecting your children if you are not there is one of the most important things you can do for them. Ensuring they are financially cared for and can stay home is important. Making sure they are provided for is what parents do.

Contact our Insurance Warehouses of America office in Orlando, FL to get the insurance information and products you need to protect.

How to Make a Home Inventory for Your Home Insurance

Posted on July 30, 2024July 29, 2024 by admin

Understanding the Importance of Home Inventory

Can you list everything you own? Suppose a devastating event leads to the total loss of your house. Can you provide a detailed account of your property’s contents? A home inventory can be instrumental in such a situation. While some home insurance providers necessitate a home inventory, others do not.

Regardless, maintaining an updated tally can simplify the process of filing a home insurance claim. Numerous methods exist to create a home inventory, and our Insurance Warehouses of America team servicing Orlando, FL, can provide guidance and recommendations.

Defining a Home Inventory

A home inventory is a comprehensive record of all your possessions. Its format can vary widely—spreadsheets, video recordings, and more. An expansive home inventory typically includes details like model numbers and purchase dates for more valuable items, but a basic list can be equally effective.

Is a Home Inventory a Necessity?

Certain insurance policies may require a home inventory. Your insurance agent will inform you of this requirement.

Even if your insurer doesn’t require a comprehensive record, many homeowners find keeping a list of their possessions beneficial. Should a covered incident occur, this list can be invaluable.

Creating a Home Inventory

Various tools can be used to create a home inventory. Consider utilizing an app designed for this purpose or simply using your phone to film an overview of your possessions. If you’re fond of spreadsheets, you can use the software to catalog your items. A room-by-room approach can make the task manageable.

At Insurance Warehouses of America, servicing Orlando, FL, we’re committed to helping homeowners find the right insurance coverage to meet their needs. Don’t hesitate to contact us today for more information.

Surprising Things Your Auto Insurance Does Not Cover

Posted on June 28, 2024June 28, 2024 by admin

Chances are that you have a good idea of what your auto insurance covers. However, understanding what your auto insurance doesn’t cover can be just as important.

Insurance Warehouses of America, operating from Orlando, FL, and serving the entire state, can arrange coverage for these common omissions from standard auto insurance policies.

Personal Property Left in Your Car

If your car is stolen or destroyed, comprehensive coverage will pay to replace it. Nevertheless, auto insurance will not replace the personal possessions inside your car that may have been lost along with it. Your personal property is covered by your homeowner’s or renter’s policy instead.

Upgrades, Modifications, and Custom Parts

Most auto policies cover custom parts and modifications up to a $1000 limit. This may be insufficient to replace your rims, lift kit, spoilers, or audio system. We assist customers in finding higher limits for their custom parts’ replacement values.

Unlisted Drivers

People whom you give permission to drive your car may be covered by your insurance. However, this isn’t the case with every policy. Some companies require you to list the individuals you will permit to operate your car when you procure your coverage. Otherwise, any accidents or damages they cause while operating your car will not be covered.

Commercial Use

Are you using your car for deliveries or picking up passengers for Lyft or Uber? Your personal auto insurance does not cover the business use of your car. You’ll need a separate commercial insurance policy if you’re using your vehicle for ridesharing, deliveries, or even running errands for work.

Insurance Warehouses of America serves drivers in Orlando, FL, and throughout the state. Call us today to review your policy and ensure you have all the coverage you need!

Pet Injuries

It isn’t just humans who can be injured in auto accidents—pets can be injured as well. Insurance Warehouses of America can assist you in finding suitable pet insurance.

The Advantages of Choosing a Whole Life Policy

Posted on May 31, 2024June 3, 2024 by admin

Life insurance comes in two main types- whole life and term life. Term life is a type that’s only good for a specific term. After that term is over, the policy will expire. Whole life policies work very differently and have their own special advantages. Many people enjoy the benefits of these policies and find them better than term-life policies. When you need life insurance, you can turn to us. Contact us at Insurance Warehouses of America in Orlando, FL.

It Lasts Your Whole Life

When you get a whole life policy, it never has an expiration date. It won’t expire at the end of a term. Instead, it’s there for as long as you want. If you keep paying for the policy, the insurance company can’t cancel it. No matter what age you reach, you can keep your policy. Many like the peace of mind that comes with this type of policy because they know they’ll never have to get another one. The policy will be there for their beneficiaries no matter when the policyholder passes.

It Builds a Cash Value

Another popular benefit of these policies is that cash builds up alongside the policy. This cash is available for the policyholder to borrow from as needed. Many people like having this cash available just in case they have a serious financial problem and need a loan to get out of it. The loaned amount is subtracted from your death benefit until the loan is paid off.

Get Whole Life Insurance

When you’re interested in taking advantage of the benefits offered by a whole life policy, call us. We’re available at Insurance Warehouses of America in Orlando, FL.

Insurance Coverage for Items Stored in A Garage

Posted on April 30, 2024April 30, 2024 by admin

Protect the items stored inside your residential garage. Please familiarize yourself with insurance coverage for garages and the contents stored within them. Then, contact one of our agents at Insurance Warehouses of America.

Garage Coverage

A residential garage is typically included in a home insurance policy. The coverage protects the garage’s structural materials and the contents stored within it.

The coverage amount can vary. The size of the garage will affect how much protection is needed, as will the type of items being stored. A consumer can customize their home insurance policy.

Full Replacement Value

Items depreciate over time. A standard insurance policy may cover against theft and vandalism. It may, however, only pay for the true value of an item. Full replacement value coverage will increase the amount of protection that possessions are equipped with.

Personal Property Coverage

Most home insurance policies offer personal property coverage. This type of coverage protects belongings from the elements, theft, and vandalism. It may not necessarily matter where the items are stored.

Reviewing your home insurance policy’s terms is a good idea. This will allow you to acquire information about the amount of coverage you have for your belongings.

If the amount won’t satisfactorily replace damaged or lost items, you can increase the coverage that your policy provides.

Contact Our Office!

An agent representing Orlando, FL, will conduct an insurance analysis for you. This analysis will determine which type of coverage is needed for your garage and the items stored within it.

The Road Ahead: Auto Insurance Tips for Orlando, FL Motorists

Posted on March 29, 2024March 27, 2024 by admin

Orlando, FL drivers who engage with Insurance Warehouses of America enjoy numerous benefits. While choosing the perfect auto insurance policy may seem challenging, our team of experts simplifies the process. Read on to learn more about key tips to guide your selection.

Scrutinize and Streamline Your Coverage

Before you commit to a policy, make sure to read through it meticulously. This will help you spot any potential issues or unnecessary elements of your coverage. Policies often contain aspects that you might not require. Identifying these beforehand can help you customize a plan that best suits your needs.

Choose Your Vehicle Wisely

The type and size of your vehicle significantly influence your insurance coverage. Larger vehicles usually warrant more coverage than small cars. In addition, luxury vehicles can significantly up your insurance costs. Therefore, consider the implications of your choice of vehicle in the context of your insurance needs.

Explore Policy Combinations

If additional drivers live in your household or you use your vehicle for business purposes, it’s worth inquiring about potential policy combinations. There are many options for conjoined policies, so it’s smart to explore those that apply to your current situation.

Trusting Insurance Warehouses of America

At Insurance Warehouses of America, we understand the challenges associated with finding the right auto insurance policy. By entrusting our seasoned agents with this process, you can avoid typical obstacles and get the best coverage. For more information, Orlando, FL motorists are invited to call or visit us as soon as possible.

Sunshine State Security: Understanding Life Insurance Options in Orlando

Posted on February 28, 2024February 22, 2024 by admin

The Importance of Life Insurance for Sunshine State Residents

For residents of the Sunshine State desiring security for themselves and their families, life insurance emerges as a vital pillar of protection. Insurance Warehouses of America, based in Orlando, FL, is staffed with experienced insurance professionals ready to guide you on your journey toward securing tireless protection. With expert guidance and knowledge, choosing the right life insurance policy for your lifestyle and budget becomes a simplified, stress-free process.

Demystifying Life Insurance Options in Orlando, FL

Term Life Insurance — Spanning 10 to 30 years

Term life insurance is popular among Orlando residents seeking coverage for a specified duration, usually between 10 to 30 years. Term life policies offer an uncomplicated, budget-friendly option for those looking to protect their interests during critical life stages. These could include raising children, caring for elderly loved ones, repayment of a mortgage, or securing comfortable retirement years.

Permanent, Whole, and Universal Life Insurance

Permanent life insurance policies, embracing alternatives like whole life and universal life insurance, supply lifetime coverage. These plans also offer potential perks of cash value accumulation, which policyholders can borrow against in times of financially draining crises or emergencies.

For further insights into initiating a universal or whole-life policy with optional loan benefits or understanding the implications of policy loans or withdrawals on your total death benefits, it’s highly beneficial to discuss with an insightful insurance agent. They can also provide detailed information on the tax aspects linked with such life insurance policies.

Establishing a Connection with Insurance Warehouses of America

Get in touch with a trusted agent at Insurance Warehouses of America in Orlando for a detailed rundown on different life insurance policy options. Our experienced team will help you unravel the complications surrounding the selection of the best-suited policy. Secure a quote tailored to your individual circumstances for free today!

Does Your Credit Score Affect Home Insurance Coverage?

Posted on January 22, 2024January 24, 2024 by admin

Homeowners strive to make smart financial decisions. Often, the outcome of those choices will affect your home insurance coverage. Insurance Warehouses of America in Orlando, FL can evaluate your credit score and create a policy that protects your residence.

How a Credit Score Affects Home Insurance Coverage

Insurance companies use a formula to determine if offering a home insurance policy is a financial risk. Their final decision goes beyond the home’s location, size, and current condition. Your personal credit history will have an impact on the coverage offered.

Your credit score does not have a direct effect on the status of the home insurance policy. Instead, it becomes part of your overall credit-based insurance score, which will determine if you are a policyholder or not.

What is a Credit-Based Insurance Score?

Credit-based insurance scores help decide if you are financially responsible enough to handle a quarterly bill plan. The criteria are slightly different from a FICO credit score, which is used to secure a personal loan or credit card. Insurance companies will run their version of a credit check to determine if you can pay bills on time. The credit-based insurance score is based on your credit history and other financial documentation submitted with the application.

A poor credit-based insurance score cannot be the sole reason you were denied home insurance coverage. Instead, you will be labeled" a poor credit risk," and lenders may request you to pay a higher premium.

Can Bad Creditors Get Home Insurance

Despite all of your financial hardship, it is possible to receive a home insurance policy. However, you will pay a higher premium than other homeowners. Your premium rates could change if you improve your credit-based insurance score before renewing your policy. It can be accomplished by paying bills on time and keeping existing credit card use to a minimum.

If you are having trouble gaining home insurance coverage, Insurance Warehouses of America in Orlando, FL can help navigate an unfriendly market. Our staff’s experience and knowledge of the state requirements help create an effective policy for homeowners with credit issues. Call and schedule an appointment today.