Should You Buy Insurance on a Rental Car?

Car Insurance in Brandon, FL | AllStarTampaBay.com

When you are traveling and need a car, you’ll find that car rental agencies offer renters the opportunity to buy their loss damage waivers, which limit or eliminate the financial liability for damage to a rental the specific car rental company.

Many personal auto insurance policies do provide collision coverage for rental cars. However, a number of rental companies today have begun to charge customers for diminished value and administrative charges if their rental vehicle is in an accident. Remember these tips when you are deciding whether or not to insure yourself while renting a car include:

  • Credit Card Coverage: Not all credit cards offer the same kind of coverage, for example, one company may cover the use of certain SUVs while another one doesn’t. Some have limits on the number of days covered.
  • Collision Damages: Some car rental agencies through which you buy your insurance may waive fees for damages, loss of use, or any other necessary fees.
  • Paying Upfront Costs: It is often required to pay the full amount of the rental on the credit card you use for insurance coverage, which means you may also have to pay the damages upfront to the car rental agency. It is possible to file a claim after the accident, but if there are any problems, your credit score could be negatively impacted.

Buy car insurance in Brandon, FL, from All Star Insurance for your next car rental. You always want to be insured, and we provide you with peace of mind and make it easy for you to stay safe.

The Purpose of Insurance

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Buying insurance sometimes feel like buying air. You pay for something that you may never use or need. Some people don’t buy insurance because to them it feels like a waste of money to buy something you might never get back. However, there are a number of mandatory requirements to buy insurance, which includes the following:

  • Buying a Home: It is nearly impossible to own a home without insurance because mortgage lenders need to have proof that your home is protected. The lender or mortgage company needs to be sure its financial investment in your home is protected should it be damaged or destroyed by a fire or anything else. A local agent can help you buy a homeowners insurance policy that fits your needs
  • Driving a Car: The Road Traffic Act of 1988 stipulated that all motorists must be insured against their liability to others. You want your expenses covered if you cause damage to other drivers, passengers or pedestrians. You can also choose to expand your insurance to have your car protected against theft or other damage.

Buy insurance in Tampa Bay from All Star Insurance, a leading provider of personal and commercial insurance policies. Call 813-689-7767 today for a free, no-obligation quote.

 

Standard Coverage for Homeowners Insurance

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Homeowner’s insurance policies are designed to protect a home and the possessions inside the home. If theft or damage harms the home, the homeowner should be reimbursed financially. Some homeowners’ policies also include liability coverage against accidents inside the home or on homeowner’s property. Some of the standard coverage of a homeowner’s insurance policy also includes the following:

Personal Belongings. These are covered if they are stolen or destroyed by fire. Personal belonging coverage can be as much as 70% of the insurance on your home’s structure especially if they include items like jewelry, furs, art, collectibles, and silverware.

Home: Reimbursement for repairing or rebuilding your home if it is damaged by natural disasters, fire, or others listed in your policy. It’s usually standard that the home structures include such detached as a garage, tool shed, or gazebo. It makes sense to be sure you buy enough coverage in the event you need to rebuild your home.

Liability Protection:  This coverage is for injury or property damage that you cause to other people. Plus, it may also pay for damage your pet causes to others. Make sure your policy also provides no-fault medical coverage, so if someone is injured in your home, medical bills can be submitted to your insurance company.

Visit AllStarTampaBay.com to learn about our comprehensive packages for insurance in Tampa Bay and the surrounding areas. Save time and money when All Star Insurance does the research and shopping for you!

 

Reasons to Consider Buying Commercial Insurance

Commercial Insurance in Tampa

The largest expense many business owners incur is commercial insurance. There are a number of things to consider before going through with your purchase. You want to determine:

  • What you are required to insure. The required insurance policies are determined by the kind of business you have. Some general guidelines include your contracts or loans with banks or others that may require you to have certain kinds of commercial insurance in Tampa. Some examples of requirements include:
    • General liability required by any vendors you do business with.
    • Government entities that you do business with.
    • A bank that holds your mortgage or the landlord from whom you rent commercial space.
  • What extra coverage might be available. Extra liability or a commercial umbrella policy may be required by vendors you work for so that any large losses not included in your underlying insurance policy is covered.
  • If you are sure about what commercial insurance you are required to carry, you can research any additional coverages that are beneficial to your business.
  • Where to buy your policies. Trust the experienced agents at All Star Insurance, which serves Tampa and the surrounding areas. Our independent insurance agent can help you find the most affordable business insurance you need. We can recommend what insurance package of policies best suits your needs.

Save time and money when All Star Insurance does the research and shopping for you!

 

 

Tips for Purchasing Home Insurance

Always ask yourself the questions: If your home is demolished, or your valuable possessions are stolen, can you afford to replace them? For most of us, the answer to this question is “no.” One way to be sure you can replace what’s most meaningful and valuable to you is with home insurance. When you are searching for homeowner’s insurance in Tampa Bay, it helps to consider the following four main factors of homeowners insurance:

Premium: The premium is the amount per month you pay for coverage. Some policies give you a yearly quote, while others break it down by month. Whatever you choose, be sure you can afford your premium.

Deductible: Your deductible is how much you have to pay out of pocket when you file a claim. If the damage to your home or the cost of stolen property exceeds your deductible, the insurance should take care of the rest. Be sure your deductible is affordable, for example; a lower deductible may mean higher monthly payments.

The Specific Coverage: Market value and replacement value are two kinds of homeowner’s insurance. Replacement value covers the cost to replace your current home. Market value pays you the cost of your home’s worth on the open market.

Discounts: You may be eligible for discounts on things like installing a security system, but this depends on your policy.

Exclusions: Make sure you find out if your policy covers such events as floods and earthquakes. If you live in a hurricane-prone area, it pays to know what policies you should buy to protect your home.

Buying Long-Term Care Insurance

As the baby-boomer population grows exponentially, the availability of long-term care insurance has grown in popularity. When you pay for your long-term care you won’t have any surprises that lead to dismay and confusion when you reach the age at which you need assistance—be it at home or in an assisted living facility. When you pay for a long-term care policy, you can enjoy peace of mind and lose the level of stress that comes with not knowing where to go in the event you need to make a quick decision.

It’s thought that the best time to buy long-term care insurance is when you are in your 50s. Rates tend to increase by nearly 10 percent once you reach your 60’s. The following are some additional tips to consider when you are searching for a long-term care insurance policy:

  •  Design your own policy depending on whether or not you want to be in a nursing home, assisted living facility, or in your own home.
  • Ask about exactly what your long-term insurance covers. For example, are hospitalizations or hospice care covered?
  • Find out what the exact levels of reimbursement are per day and for covered charges.
  • Research the nursing homes and assisted living places in your location of choice and find out if they are covered under your long-term care policy.

Contact us to find out more about our policies available for long-term care. We serve customers located throughout the Tampa Bay area. If you need any kind of insurance in Brandon or any of the Tampa Bay area, contact All Star Insurance at 813-689-7767.

 

The Importance of Life Insurance

Life insurance is beneficial for a number of reasons, the least of which is to use it as a vehicle for investment purposes. The real purpose of a life insurance policy is to provide for those who depend on you in case you should you die unexpectedly. The older we are the more it makes sense to have a solid life insurance plan. Depending on the kind of policy you choose, life insurance is affordable, which allows you to get the coverage that fits into your budget.

You want to protect your loved ones with peace of mind when it comes to financial support. If you have young children it is extremely important to provide enough money to cover the costs of the day-to-day household tasks, such as cleaning, laundry, cooking, and childcare. Also, you might want to leave an inheritance to your heirs by buying a life insurance policy and listing them as the beneficiaries. This is an affordable and efficient way to set them up for a solid financial future and provide for their monetary needs.

Other benefits of life insurance include helping your family to pay off debts, covering the costs of your funeral and burial expenses, paying off a mortgage or car loan, and more. When you need any kind of insurance in Brandon or any of the Tampa Bay area, contact All Star Insurance at 813-689-7767.