Florida travel guide




Florida Travel Guide

Insurance in Florida

Every person is exposed to many situations that can adversely affect different areas of life and all of this creates an economic cost that is very high most of the time. For this reason, it is more convenient to purchase insurances to cover damage.

The contract, which is called “policy”, is where the company agrees to cover any expenses of the person who has purchased the insurance in case of illness, injury or death. Other insurances cover assets such as car, business, shop, or home for whatever reason (theft, fire, earthquake.) The insured or the beneficiaries will receive the money that is agreed on the policy. This money is called "Compensation."

Home Insurance

With a home insurance, known as housing insurance too, you get the benefit of repairing or rebuilding your house. You can also substitute personal property due to loss or theft of your belongings.  Homeowners insurance is not required in Florida but there are some cities and counties where the liability coverage is required if you have pets or a swimming pool. Liability coverage pays for injuries that were not caused by automobile accidents, or third parties and in which you have legal responsibility.

There are several types of residential insurance for homes, condominium, renters and mobile homes. Coverage provided for all of them can protect your property against hazards such as fire, wind, hail, vandalism and theft. Liability coverage is included in the residential insurance.

Car Insurance

The state of Florida requires all car owners to have car insurance licensing and registration to operate the vehicle. You should shop around and get quotes from at least three insurance companies.
Here are some useful facts about auto insurance. The compulsory insurance coverage car in Florida include for example:
  • Personal injury protection with a minimum of $ 10.000. This covers an accident, regardless of fault.
  • Damage to property with a minimum of $ 10.000. This covers damage to property for example: (fences, poles, buildings, cars, etc).

Life Insurance

When someone is looking for a life insurance policy, it is important know what kind of life insurance you need to purchase;, many people consider the option of a whole life insurance. Before a person decides to acquire it, it is important to get information about other types of insurances such as term life insurance, variable insurance and universal insurance.

Travel Insurance

When you purchase a travel package, you´ll realize that travel agencies usually tend to offer travel insurance at no additional cost to cover the minimum. Appropriate expert advice is important to establish which benefits are included so you can determine whether to purchase insurance at an extra minimal cost. This decision will depend on the characteristics of your trip, on whether you’re going to practice a dangerous sport or not, for instance.
There are types of travel insurance:
  • Basic or Minimum Security
  • Extra Security
  • Cancellation Insurance

Health Insurance

Health insurance in Florida is grouped into three main types of health care; it is recommended to consider the possibility to obtain several valuations of insurance companies before taking a decision about the insurance companies.

In health insurance companies in Florida, we see that there is no fixed rate for health insurance.  Each insurance company determines what it wants to charge. It is always recommended to make a cost comparison among each health insurance company to choose the one that fits your budget.

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