Month: April 2021

Do You Need Auto Insurance in Florida?

Posted on by admin

Florida is the sunshine state, and to keep feeling that sunshine on your face as you drive your vehicle down the highway by the ocean, you will need to have an auto insurance policy in place. The state of Florida requires you to have at least an auto liability policy. The auto insurance agents at Singh Insurance and Financial Services LLC in Clermont, FL can help you decide which type of auto coverages you should obtain.

Liability Insurance

In Florida, you must have the minimum amount of liability auto insurance that will pay for any damages or injuries sustained by others in an accident you caused. You will also want to have uninsured and underinsured auto insurance coverage. This means that if you are in a crash that is someone else’s fault and that person does not have enough insurance to cover the damages to your vehicle or the injuries sustained by you in any passengers in your vehicle, this type of policy will pay for that.

Comprehensive Insurance

If your vehicle becomes damaged by a natural disaster, such as a hurricane or tornado, comprehensive insurance will pay to repair it or replace it. This type of policy will also cover your vehicle if it is damaged or destroyed in a fire or by vandalism. It will also help you replace your vehicle if someone steals it.

Collision Insurance

If you back your vehicle into a garage door, collision insurance will pay for the damage caused by the incident. It will also pay for damages if you collide with another car, truck, or SUV.

To obtain the best auto insurance policy for you and your situation, the insurance agents at Singh Insurance and Financial Services LLC in Clermont, FL are ready to assist you. Call today to obtain a quote for auto insurance or to get your policy started!

Florida Home Insurance Update & Ways To Get Involved

Posted on by Michael Singh

April is here and the growing concerns for the Florida Homeowners Insurance situation are still here, too. Our goal here at Singh Insurance & Financial Services is to keep Floridians informed and up to date with the latest insurance news. With that goal in mind, we have decided to dedicate our recent monthly blog posts to keeping you up to date and in the know. Please keep reading for an update and direct links to contact our legislators. 

The Issue At Hand: 

Our state is in the midst of a hardening property insurance market. Due to excessive litigation, there is a lot of uncertainty surrounding adequate and affordable rates – resulting in unplanned and necessary double-digit increases, restrictions in coverage, and re-evaluation of policy acquisition expenses.

More Details:

Here is an excellent resource that outlines, in depth, more about the current state of homeowners insurance in Florida – Home insurance benefits could shrink to head off the ‘spiral towards collapse’ | Florida Tort Reform (fltortreform.com)

You may be wondering…how can I get involved? 

The Florida Legislature is currently considering proposals to address the fraudulent abuse driving up homeowners insurance costs. As your local trusted Insurance Agency, we have put together a few resources that you can use to contact our State Representatives and Senators to have your voice be heard.  

You can use the following link to express support of property insurance litigation and fraud reforms, such as Senate Bill 76. 

Click Here To Reach State Representatives and Senators

If you have any questions about your Homeowners Insurance policies, please do not hesitate to reach out to us. We are here to help you and walk with you during this challenging time. Phone: 352-432-1646 or email us info@singhinsurancegroup.com