Insurance and Trust |Boat Insurance | Jennifer Versaggi

Insurance and Trust |Boat Insurance | Jennifer Versaggi

auto, life insurance
Living in Florida, there is nothing more fun or exciting as boating in the summer. It is no wonder that 75 million people participate in recreational boating in the United States according to the 2012 data from the National Marine Manufactures Association. However, many people are confused and not sure as to what boat insurance is and why they need it. Below are just a few basics to get you started. If you are new to boating, you may think that your homeowner’s insurance policy will magically stretch to cover your boat. Sadly, this is not the case. Your boat has absolutely nothing to do with your home’s policy, just like your car can’t be covered under your homeowner’s policy. Boats are unique and require a separate policy. However, depending…
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Insurance and Trust | Why Do I need flood Insurance | Jennifer Versaggi |

Insurance and Trust | Why Do I need flood Insurance | Jennifer Versaggi |

events
Why Do I need flood Insurance? In the past 5 years all 50 states have experienced floods, or flash flood. Florida, in 2014 accounted for over 2655 flood claims with over $117,861,100 in money paid to policyholders. This in a year where there were no major storms had a direct hit on the state. Individuals have no idea that Flood is not included in there homeowners insurance, and are shocked when they need to make a claim. Below are some interesting facts about flood insurance and why this is an important coverage to buy, even when you don’t live in a flood zone. • According to the National Flood Insurance Program (NFIP) 20% of all flood insurance claims occur occur in preferred flood zones, and receive 1/3 of Federal Disaster…
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