Your life insurance policy should be updated as your life changes. Otherwise, if you don’t give your policy a second look, you and your loved ones will be inadequately covered. Do you have a life insurance policy in Brandon, FL? When was the last time you reviewed it? If it’s been years, you need to update it ASAP. But what are the things you should consider when reviewing your policy? According to Runnels Insurance, talk to your life insurance provider if the below changes occur:

Life events

You probably bought your life insurance policy when you were single, but so many changes have happened. Now you are married and probably have a kid. You should update your life insurance policy to ensure your dependents live a comfortable life after you are long gone.

Similarly, if you divorce or one of your beneficiaries dies, don’t fail to update your life insurance policy.

Buying a home

Purchasing a home is one of the most significant financial commitments you will make. It’s also an excellent time to review your insurance needs. The last thing you would want is to burden the people you leave behind with your mortgage loan. Invest in life insurance to ensure the death benefits can cover your outstanding mortgage balance.

Starting a business

It’s always exciting to start a business. It may also be an ideal time to review your life insurance policy. Investing in life insurance ensures a smooth business succession even when you die. The death benefits from the policy can be used to pay company loans and cushion your business partners financially by covering the gap you have left.

Life insurance policy in Brandon, FL

Ready to get started with life insurance? It’s one of the best ways to plan your finances. If you are in Brandon, FL and the nearby areas, don’t hesitate to contact Runnels Insurance for an affordable life insurance policy.

When you purchase umbrella insurance from Runnels Insurance, it can help you from slumping into a financial mess. You may ask how. Umbrella insurance protects your assets and earnings when the limits of your conventional liability coverages run out. For instance, umbrella insurance can come to your rescue if you exhaust your car liability insurance after being at fault for a severe accident. The other benefits you accrue when you purchase umbrella insurance in Brandon, FL include:

Broader coverage

Umbrella insurance gives you higher coverage as well as broader coverage. What does this mean? Umbrella insurance can give you $1M worth of liability coverage and protect you from liabilities that conventional liability coverages don’t cover. For instance, umbrella insurance covers libel, slander, and false arrest, among other liabilities not covered by home, boat, or auto liability coverage.

Affordable

Yes, umbrella insurance gives you high protection, but that doesn’t mean that the coverage must be expensive. It’s super-affordable since umbrella insurance takes over from where your traditional liability coverages leave off. Still doubting? Why don’t you request a quote from  Runnels Insurance to see for yourself?

No geographical limitation

Your home or car insurance will give you protection within the boundaries of the United States. However, this isn’t a problem with umbrella insurance. This coverage protects you anywhere in the world.

Peace of mind

We live in a litigious society, and you might be bothered that someone might come to claim your assets. However, you don’t have to live on the edge when you have umbrella insurance. This coverage protects you against lawsuits, ensuring you have peace of mind anywhere and anytime.

Get umbrella insurance today!

Want to protect your assets with umbrella insurance? If you are in Brandon, FL, or its surrounding area, please contact Runnels Insurance for an insurance plan that covers your needs.

Runnels Insurance knows that living without condo insurance is an unnecessary risk.

If you rent or own a condo, the landlord or building association likely has a policy. But these are limited, rarely offering any personal protection.

That’s why it’s critical to have a dedicated condo insurance policy. Located in Brandon, FL, Runnels Insurance can ensure you’re covered. Below, the agency lists four items that should be included in any condo insurance policy.

Interior coverage

An owner’s policy only goes so far. Usually, these plans cover the building structure only. In contrast, condo insurance protects the inside of the unit. This applies to flooring, cabinetry, walls, and any other permanent fixtures. Your plan will reimburse for needed replacements up to the policy limit. 

Protection of belongings

Keep your possessions safe too. Furniture, electronics, jewelry, and other valuables are shielded against loss or damage. Each policy will list what specific events are covered. Natural disasters, like fire and water, are typically protected. Theft and vandalism are often included too.

Liability insurance

Virtually all insurance policies will come with some form of liability protection. This kicks in if there is an accident at your residence where you are determined to be at fault. Liability could help you, your family, and other guests with medical costs, property damage, and legal fees.

Loss of use

Condo insurance is about being prepared. Even a policy can’t prevent an accident from happening. But, if you are forced to temporarily relocate, condo insurance can at least help with the expenses. This chips in for an additional hotel, meals, and travel costs that are incurred as a result.

Schedule an appointment with an agent serving Brandon, FL

Fortunately, Runnels Insurance can help. Their trusted agents can create an individualized condo insurance plan to best meet your needs. Contact us today.

Unlike most states, you don’t need motorcycle insurance in Florida. But does that mean you don’t need insurance for your two-wheeler? It’s a resounding no. You need to invest in motorcycle insurance from Runnels Insurance of Brandon, FL, for the reasons highlighted below.

Medical bills are costly

Given the vulnerability of a motorcycle, even a minor accident may result in major injuries. That said, motorcycle insurance comes in handy to cover the accruing medical expenses. And even if you have health insurance, it doesn’t cover all the costs. Uncovered expenses like lost wages, co-pays, deductibles, and other costs can quickly add up, making motorcycle insurance a worthwhile investment.

It covers liability claims

If you are responsible for an accident, liability claims can quickly stack up. You could be responsible for property damage, bodily injury, and even face lawsuits when you are at fault for an accident. These claims are super-costly without liability insurance and can easily wipe out your assets and savings.

To protect your bike

How much have you paid to acquire your bike? Suppose your bike is stolen or involved in an accident that writes off your asset. It would be difficult to see your investment go down the drain, right? The good thing is that you can protect your bike with motorcycle insurance. This coverage pays for repairs and even replaces your bike when totaled.

For peace of mind

When riding your two-wheeler, you don’t have to think about all the things that can go wrong. Your ride becomes stress-free when you have insurance because you know you are covered should anything go amiss.

Buy motorcycle insurance today!

Do the above motorcycle benefits appeal to you? It’s time to invest in motorcycle insurance in Brandon, FL. All you need to do is get in touch with Runnels Insurance.

Despite what you may believe, boat insurance is very similar to any other kind of insurance you may purchase. Just like other insurances, there are many different types of coverage options available to Brandon, FL boat owners. Runnels Insurance shares some insight into boat insurance coverage.

Hull Damage

This coverage offers protection from the vessel’s structure. As a general rule, hull damage coverage will protect against physical damage that occurs from storms, collisions, theft, fire, and more. 

Personal Property/Equipment Damage

There is the option to extend your coverage so it protects personal property and equipment as it relates to your boat. Therefore, this type of coverage protects wakeboards, water skis, fishing equipment, and much more. Usually, this coverage protects against accidental damage as well as loss. 

Bodily Injury and Property Damage Liability

Bodily injury liability coverage offers protection for when a third party suffers an injury while using your boat. Property damage liability coverage offers protection for when you are liable for damage to property. Both of these are very common coverages purchased by boat owners. 

Medical Payments

This coverage offers protection in the event someone suffers an injury while getting onto, getting off, or enjoying your watercraft. This coverage may include payments for hospital expenses, ambulance bills, etc. This coverage will take hold even if you are deemed responsible for the accident. 

Named Storm Damage

As a boat owner, you are likely aware of the potential damage a named storm can have on your boat. When your water vessel suffers damage as a result of a named tropical depression, tropical storm, or category hurricane, this type of coverage kicks in and pays for repairs. If you live in an area that receives this type of weather regularly, named storm coverage is critical.

When you need to protect your watercraft, contact the professionals at Runnels Insurance, serving Brandon, FL, for help in putting together a solid boat insurance policy.