Brandon FL

Does My Home Insurance Cover My New Condo?

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If you’ve recently purchased a condo in Florida and already possess a homeowners insurance policy, you might think you’re fully covered. However, insurance for a standalone house differs significantly from what’s required for a condo. Collaborating with Runnels Insurance, serving Brandon, FL, to ensure you have the appropriate coverage is crucial for safeguarding your investment.

Condo Insurance Differs from Homeowners Insurance

Traditional homeowners insurance, often referred to as an HO-3 policy, is designed to cover a single-family home, including the structure and the land it occupies. On the other hand, condo insurance, typically known as an HO-6 policy, is customized for units within shared buildings. It covers your individual unit, your possessions, and certain interior parts, but not the entire building or shared areas.

Typical Coverage Provided by Condo Insurance

An HO-6 policy generally includes coverage for interior walls, floors, ceilings, appliances, and personal property. It also offers liability protection and may include coverage for loss of use if your condo becomes uninhabitable following a covered loss. However, it doesn’t cover the building itself, common hallways, or the roof—your condo association’s master policy covers those areas.

Review the Condo Association’s Master Policy

In Florida, condo associations often maintain a master insurance policy that covers the building’s exterior and shared spaces. However, coverage varies among associations. Some may include limited interior coverage, while others do not. Reviewing the association’s policy to understand exactly what you’re responsible for insuring independently is crucial.

Transitioning from a house to a condo involves more than just updating your insurance. It ensures your property and liability are adequately protected. A local agent like Runnels Insurance, serving Brandon, FL, who is familiar with the Florida market, can guide you through what you need and help you avoid paying for unnecessary coverage.

Welcome Our New Team Member: Yadira Nunez!

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We are thrilled to welcome a new addition to our insurance agency—Yadira Nunez! Beginning June 3rd, Yadira will officially join our team, bringing her extensive experience and expertise in personal lines insurance.

With more than seven years of experience serving the insurance needs of East Hillsborough County, most recently in Riverview, Yadira has developed a deep understanding of protecting what matters most to her clients. She holds a 2-20 agent license and specializes in personal lines insurance, including home, auto, boat, motorcycle, and other essential coverage options.

Additionally, Yadira is well-versed in builders’ risk insurance, supporting property investors who renovate and resell homes. Her knowledge and dedication make her a valuable asset to both our team and the community.

As a bilingual professional, Yadira is excited to assist Spanish-speaking clients, ensuring they receive top-tier service tailored to their unique needs.

We are delighted to have Yadira join us and look forward to the expertise, dedication, and warmth she brings to our office.

Please join us in giving her a warm welcome!

Car Insurance Issues for College Students

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Auto insurance is a legal requirement for drivers in Florida. Many individuals have queries about car insurance and the policy options they should consider. If you reside in the Brandon, FL area and wish to discuss your auto insurance options, our team at Runnels Insurance is eager to assist. We have been serving drivers in your area since 1994.

Car Insurance Considerations for College Students

College students face numerous challenges, and those who drive must also make informed decisions about car insurance. Interestingly, the Affordable Care Act has enabled some Florida college students to pay a penalty instead of purchasing car insurance. Specific Florida colleges mandate that their students provide proof of insurance, purchased independently or by their parents.

Students who choose to opt out of insurance need to present a copy of a decline request. College students who don’t intend to drive can opt for an away-at-school discount, which serves as their proof of insurance for school. Full-time students may be eligible for discounts to maintain good grades and safe driving. According to Car and Driver, although college students may prefer their own car insurance policy, remaining on their parent’s auto insurance policy can reduce their share of the car insurance premiums.

Contact Us Today for Your Appointment

Regardless of your age, if you drive, you need auto insurance. Our team at Runnels Insurance is ready to help you prepare for the potential occurrence of an auto accident. Residents of Brandon, FL can find the auto insurance answers they need when they visit our office. Call us to schedule an appointment today, and let’s prepare you for the road.

How Much Commercial General Liability Insurance Do You Need?

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Choosing the right amount of CGL coverage can feel overwhelming, but for many businesses, $1 million is a common starting point. It’s a solid foundation to protect your company against potential risks. That said, the exact amount you’ll need depends on the unique ins and outs of your business.

What Factors Influence the Cost of CGL Insurance? Did you know that $1 million in coverage could cost as little as $25 a month? Of course, the actual price tag depends on a variety of factors, such as:

  •  Your Industry: High-risk industries, like construction or manufacturing, often pay higher premiums compared to lower-risk sectors like consulting or retail.
  • Your Sales Revenue: The more money your business makes, the higher your potential liability, which can impact your premium.
  • ·Your Physical Space: Larger premises can mean increased exposure to risks, and this might influence your costs.
  • Your Workforce Size: Businesses with more employees or a larger payroll may see adjustments in their rates.

Why Do These Details Matter? Insurance providers look at these factors to gauge the risks your business might face. Tailored policies ensure you get coverage that fits your specific needs—offering protection without overpaying.

Why Do These Details Matter? Insurance providers look at these factors to gauge the risks your business might face. Tailored policies ensure you get coverage that fits your specific needs—offering protection without overpaying.

About Us Our agency proudly serves all of East Hillsborough County, including Riverview, Brandon, Seffner, and Valrico. With over 30 years of experience providing insurance services, we’re dedicated to helping you find the right coverage. We’d love to have you as part of our insurance family—call us at 813-653-0681 today!

Term vs. Whole Life Insurance: Which is Right for You in Brandon, FL?

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Life insurance is crucial to planning for the future in Brandon, FL. Regardless of your age, you need to be realistic about your life goals and how you want to protect your loved ones. Choosing a policy isn’t as simple as it seems. You also have to consider whether term or whole life insurance is the best option. Our agents at Runnels Insurance can help you with this decision.

Term vs. Whole Life Insurance

There are a few key differences between term and whole life insurance.

Term insurance allows you to choose a term of 5 to 40 years (depending on the insurance carrier). When the term is up, your coverage ends. This can be an affordable option to ensure you have coverage, at least until a point where you are more financially set.

Whole life insurance provides coverage for the entirety of your life, ensuring that you don’t have to revisit your policy down the road. Many whole policies also build value over time, allowing you to borrow against it if needed.

Choosing What’s Right for You

Choosing the right life insurance is important. You want to look at your age, health, and financial stability to help you decide between term and whole life.

While it may not be easy to decide right now, talking through the options with a knowledgeable insurance agent can help. You can learn more about the policies to make a more educated decision.

Start Exploring Life Insurance Today

Term and whole life insurance have their pros and cons. Knowing which is right for you can be a difficult decision, so it’s best to talk with an experienced insurance agent. At Runnels Insurance, we’re here to answer questions, offer recommendations, and get quotes to ensure you can protect your future in Brandon, FL.

What Assets Are Covered With Umbrella Insurance?

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If you’re considering adding umbrella insurance to your home policy, it’s important to remember that while some assets are covered, you’ll need protection if you’re found liable for damages exceeding your standard liability coverage.

Real Estate

Any real estate you own, including your primary residence, vacation properties, rental properties, or land, should be covered by your umbrella insurance policy. These assets are typically the first to be frozen and sold if you can’t pay for damages. You should ensure these properties are included in your insurance policy, considering their current value and adding at least 10 percent to account for future value.

Vehicles and Recreational Equipment

All vehicles you own, including any classic cars, should be covered. Additionally, recreational equipment such as ATVs, UTVs, boats, watercraft, and RVs should be included. These items can be quickly sold at estate sales to cover expenses and damages, so your umbrella insurance must cover their combined value.

Financial Accounts and Investments

Your checking and savings accounts and any stocks you own can also be frozen and sold to pay for damages. You can protect their current value and anticipated future worth with umbrella insurance. It’s important to have enough umbrella insurance to cover these accounts so you don’t have to liquidate them.

When setting up your umbrella insurance policy, ensure it covers at least the current value of your assets. It’s good practice to add at least 10 percent to that number to account for future increases in net worth.

If you’re in or around Brandon, FL, contact our agents at Runnels Insurance for more information on umbrella insurance.

About Florida Condo Insurance and Wind Coverage

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Choosing the right health insurance policy for your young family can be challenging. Understanding your options can help you find a comprehensive plan that covers your entire household’s medical needs while keeping premiums and costs as affordable as possible. At San Marcos Insurance Group, we specialize in finding tailored health insurance policies for young families in Chandler, AZ.

The Importance of Health Insurance Coverage for Young Families

Health insurance coverage is essential for young families for routine checkups, emergency care, and necessary vaccinations. It protects against unnecessary out-of-pocket expenses and provides peace of mind.

Health Insurance Options for Young Families in Chandler, AZ

Young families in Chandler have several options when it comes to health insurance policy types, including:

  • Employer-Sponsored Insurance: Full-time employees may qualify for coverage from their employers, typically resulting in reduced premiums and, in some cases, additional benefits such as vision and dental coverage.
  • ACA (Affordable Care Act): The ACA marketplace allows individuals and families to explore insurance plans online.
  • Medicaid: Low-income families may qualify for Medicaid or, in some cases, the Children’s Health Insurance Program (CHIP).
  • Private Insurance: Private insurance can be obtained and customized for specific needs. It may also provide additional perks and/or access to specialized providers or networks outside of Medicaid and traditional policies.

If you’re looking for a reliable health insurance policy that meets your household’s coverage needs and aligns with your budget, we can help. Contact San Marcos Insurance Group in Chandler, AZ, to learn more about your health insurance policy options. We can provide a consultation to begin reviewing and comparing health insurance policy options suitable for your family’s needs.

The Roles of Underinsured and Uninsured Coverage for Motorcyclists in Brandon, FL

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As a motorcyclist, it’s essential to protect yourself adequately, even if you’re a lover of unparalleled freedom and adventure out on the open road. One of the most critical forms of protection for motorcyclists living near Brandon, FL, includes uninsured (UM) and underinsured motorist (UIM) policies. At Runnels Insurance, we’re here to help you better understand the roles of each once it’s time to settle on an insurance policy that’s right for you.

The Importance of UM and UIM Policies for Motorcycle Owners and Riders in Brandon

If you’re located near Brandon, Florida, investing in UM or UIM policies can help protect you financially and legally, as nearly 20% of the drivers in Florida do not currently have any insurance. In Florida, it’s also important to note that there are more than 600,000 registered motorcycles in the state, highlighting the importance of adequate insurance coverage for recreational and seasonal riders alike. UM and UIM coverage can help with:

  • Hit-and-Run Protection: UM coverage provides financial protection when a driver cannot be located or identified to charge with a crime.
  • Medical Bills: Medical bills incurred after being involved in an accident, regardless of your fault, will also be covered with the right UM or UIM policy in place.

Whether you’ve just invested in a motorcycle or been a rider near Brandon, FL, your entire life, properly insuring yourself and your investment is key to maintaining your peace of mind and sense of security. If you’re determined to protect yourself and your bike anytime you’re out on the road but want to know more about the difference between uninsured and underinsured motorist policies, we can help. For Contact Runnels Insurance directly for information and your consultation and quote today, contact Runnels Insurance directly.

Fishing Boat vs. Pontoon Boat: Which is Your Next Purchase?

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Trying to decide which boat to purchase next can be a big decision. Not all boats are made the same and have different designs for different hobbies. Depending on what you like to do and how many people you like to have in tow, you might choose between a pontoon boat and a fishing boat.

Speed

A fishing boat is the best option if you’re looking for a boat that can go fast out on the water. They are lighter than a pontoon boat and can reach higher speeds faster. This doesn’t mean that a pontoon boat can’t get up to a decent speed; it’s just not going to navigate and get back to the dock as quickly as a fishing boat.

Size

If you want to enjoy your days out on the water with lots of friends, you may want to consider the pontoon boat. It is designed to be a carrier boat and comes with excess seating so that you can have a lot of people together at once. Because it is designed for social gatherings, it even has an easy drop down into the water for swimming, anchored in the river or lake.

Maneuvering

If you like to fish in quiet places, small fishing boats are best suited for fitting into small spaces tucked away out of sight. They can easily maneuver through the waters, getting into creeks and channels. Pontoon boats, because of their shape and size, aren’t able to get into these areas. If you don’t mind fishing out in the open, a pontoon boat is still another excellent option.

Trying to decide which boat is right for you depends on what you’re looking to get out of the experience. If you’re in the Brandon, FL, area or surrounding communities, Runnels Insurance can help you get the insurance coverage you need before getting out on the water.

Is It Time for a Home Insurance Review?

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If you’re in the Brandon, FL area and have had your home insurance policy for over a year, it’s time to review and update it. That’s where Runnels Insurance comes in. Our dedicated agents are here for you, and we want to ensure you’re protecting your home as effectively as possible. We can answer your questions and provide multiple quotes from different insurers so you can confidently choose the policy that fits your needs and goals.

The Importance of Regular Policy Reviews

Often, people set up their home insurance policies and renew them when they’re due. While keeping your insurance policy active is important, you also want to make sure you adjust or update it as needed. For example, if you change your home significantly, you may need to update your policy to account for that.

We recommend reviewing your policy once a year, even if you don’t change your home. Our agents can provide quotes from several insurers for you to consider and can also review your current policy for comparison. Whether your current policy is the best one for your home and situation or you need a different one, we can answer your questions and provide plenty of information about all your policy options.

Contact Runnels Insurance for a Policy Review

Reach out to Runnels Insurance today if you’re in the Brandon, FL, area and looking for a home insurance policy review. We’ll be happy to examine your current policy and make suggestions or advise you on a different policy. Either way, you’ll have the knowledge you need to make the best choice for your home protection goals.