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Why Should I Get Homeowners Insurance?

two hands holding a tiny model homeYour home is probably the most valuable asset you own, and if anything happens to it you could end up with some serious financial problems. That’s why homeowners insurance is so important, and in some cases a requirement.

Protect Your Investment

The most important reason to get home insurance is to simply protect your investment. Homes are expensive, and you could be paying off your mortgage for decades, so the last thing you want is for something unexpected to damage your home. Home insurance provides a financial safety net for you in the case of natural disasters, vandalism, and anything else that could severely damage your home.

You May Be Required To Get Home Insurance

When you take out a mortgage, your lenders may require you to get homeowners insurance. Remember, the lender is making an investment as well, and if you home is damaged or destroyed they may not be able to collect their payments.

By law, your lender may purchase homeowners insurance for you and simply charge you the cost. Be wary, however. The insurance that your lender buys may not be the most affordable coverage for you. It’s best to try and purchase insurance on your own.

More Than Just Your Home

Homeowners insurance covers a lot more than just damage to your home. It can also cover structures attached to your home like a garage or fence, personal belongings like furniture, your guests, and additional living expenses that may occur if you cannot live in your home after a disaster like a fire or flood.

Fearnow Insurance, Inc. can help you find the top rated home insurance companies in Florida. Contact our independent insurance agents today for more information.

What to Do if You’re in an Accident with an Uninsured Driver

car crash in an intersection with car owners standing nearbyCar accidents happen all the time, but in most cases insurance will cover the damage and pay for any necessary medical treatment. But what happens if you are involved in a crash with an uninsured or underinsured driver?

First, Address Your Current Situation

Any time you are involved in a crash, the first thing you should do is ensure your safety. If there is minor damage, and you are able to move your vehicle, drive onto the shoulder away from traffic. Do not attempt to move anyone who is seriously injured. Next, call 911 so that a police report can be filed. Do not admit fault under any circumstances. Take photos of your vehicle for later reference.

Then, contact your insurance company and provide them with the necessary information.

Get UIM

When you get into a crash with an uninsured driver, you will have to use your own insurance to cover the damages. This can cause your rates to go up, and if you’re over your deductible in damages it could mean some serious costs. UIM (uninsured driver insurance) is a way to protect yourself from this situation. UIM is additional insurance that protects you when the uninsured driver is found to be at fault for the accident. You can also get a similar type of coverage for underinsured drivers.

File a Lawsuit

If the other driver was at fault for the accident, you also have the option to file a lawsuit against them. If you live in a no-fault state, however, this is most likely not an option. If you live in a no-fault state, each driver must use their own insurance to cover damage to their vehicles.

Get matched up with the best auto insurance carriers in Florida when you work with Fearnow Insurance. We use state-of-the-art technology to find coverage that fits your needs.

Parents – What Type of Life Insurance Do You Need?

young family reading togetherIf you have a family, you’ve probably considered getting life insurance. You want to know that your family will be taken care of if something were to happen to you. But there are so many options out there that it can be difficult to decide exactly the type of insurance coverage you need. Depending on what type of parent you are, you should get a specific policy that meets your needs.

Sole Provider

In single-income homes, life insurance is one of the most important ways you can ensure that your family will be provided for financially if the sole provider should pass. If you are the only source of income in your household, you should look into term life insurance. This type of life insurance can cover your working years and provide your family with an income replacement so that they continue paying for necessities.

Stay-at-home Parent

Stay-at-home parents should also look into term life insurance. Term life insurance can be adapted to cover the years that your children are too young to take care of themselves. This way, you can ensure a comfortable future for your children.

Parent of a Special-Needs Child

Special-Needs or chronically ill children need a safety net if anything happens to their primary caregivers: their parents. In this case, you should consider permanent life insurance. Permanent life insurance will provide an immediate payout, no matter when you pass. This way, your child’s medical expenses will be covered.

Divorced Parent

Even though you are divorced, you still want to provide a future for your children. We recommend going with term life insurance, so that your child support payments are covered in the event that you pass before your child turns 18.

No matter what form of life insurance you are considering, our Florida independent insurance agents are here to find you affordable coverage that meets your unique needs. Contact Fearnow Insurance today to speak with an agent about your life insurance options.

Welcome to the Fearnow Insurance Blog

fearnow insurance logoImagine having the technology to search through top-rated insurance companies in order to find your ideal rates and coverage options. That’s what you’ll get when you work with Fearnow Insurance. When you need to insure you vehicle, home, business, family, or even your church, our independent insurance agents are here for you. With more than 23 years of experience in the insurance industry, we can properly assess your needs and find the right coverage for you, no matter what type of insurance you need.

In this blog we will discuss various topics related to insurance that you may find helpful when deciding to get insurance, or when switching providers. From deciding whether or not to get life insurance to what to do when you get into an accident with an uninsured driver, we will cover all of the insurance topics that you are interested in.

Who choose Fearnow over other Florida insurance companies? We work hard to make sure that you have the coverage you need, from providers that have your best interests at heart. At the end of the day, our goal is to protect the things that matter to you, not to drain your bank account with high insurance premiums. When you need affordable insurance for the things that matter most, choose Fearnow Insurance, Inc. Contact us today for a quote.