Month: November 2022

Protect Your Most Valuable Asset with Homeowners Insurance

Posted on by admin

Are you a homeowner? Do you live in or around Clermont, FL? Contact Singh Insurance and Financial Services LLC if you need homeowners’ insurance.

A homeowners’ insurance policy includes both liability coverage and property insurance. A single premium is paid for all possible risks. It covers damage to the property caused by the owner or household members and liability for injuries to others. It will also include damage or injury caused by a pet.

Did you know that if you are carrying a mortgage on your home, your lender will require that you have this coverage? They want to make sure their interests are protected. Even if you are fortunate enough to live mortgage-free, you still want to carry homeowners’ insurance.

Why? In the event of a significant lawsuit, either from a traffic accident or a visitor suffering an injury on your property, you could lose your home. If you have liability coverage available with a homeowners’ insurance policy, you will not risk losing your home.

Another reason to have homeowners’ insurance is to protect your home and property. Your policy will describe what a covered event in the policy is. Vandalism, lightning damage, fire, etc., are covered. The contents of your home, loss of use, or additional living expenses if you require temporary housing are also provided. Liability coverage for accidents or injuries on the property is covered.

Let the professionals at Singh Insurance and Financial Services LLC provide a no-obligation quote or answer any questions you might have about homeowners insurance. This is invaluable coverage that no homeowner should be without. It’s not worth the risk. Contact our office today.

Insurance and the Holidays

Posted on by Michael Singh

We will soon be eating ham and turkey around the table with our families for Thanksgiving, and Christmas, Hanukkah and Kwanza will be soon to follow. The holidays are a very busy and exciting time, and sometimes it’s possible to get so caught up in the festivities that we lose sight of things such as important insurance coverage. Our job at Singh Insurance and Financial Services is to keep you informed, educated, and covered. Therefore, we’re going to talk about some important insurance decisions you should be making and aware of during the holiday season.

Car Insurance

Obviously, car insurance is required by law, but the law does not state exactly what TYPE you must have. Many people have “full coverage” listed on their policy when they are not even fully covered. It’s easy to throw that term around and lead your clients into believing they have adequate coverage, but until you sit down with an insurance expert and truly evaluate and dissect your policy, you may be putting your family at risk. This is especially crucial as we progress into the colder months. The possibility of inclement weather increases your chances of being involved in an accident or collision. Make sure you are truly “fully covered” this winter.

Life Insurance

A common misconception of life insurance is that you have to be old or near death to begin a policy. This is simply not true! You can open a life insurance policy for an infant! In fact, it’s actually better to begin a policy earlier rather than later. Many policies allow their beneficiaries to “cash out” and receive money from their policy after a certain time, and this amount will grow over the years. Don’t think of life insurance as a precaution for when you die, think of it as a safety net for those who will live. If you’ve run out of gift ideas and are looking for something unique and special this holiday season, open a life insurance policy for someone you love!

Commercial Insurance

If you own a business, commercial insurance is a must-have. This type of insurance protects your company, your employees and your wealth. There are various types of this insurance, but the two main categories cover the business as a whole or your company vehicles. It’s highly recommended that you seek coverage for both of these to ensure security and longevity of your business. The holiday season is especially important to have this type of insurance for various reasons. To begin with, you will be receiving more traffic and more customers. While this can be seen as a blessing, it also comes with risks. More customers and foot traffic means more chance of injury and/or a potential lawsuit. Further, as unfortunate as it is, more people shoplift and steal during the holiday season. Make sure your merchandise and property are covered and insured.

While our company includes more than just these three insurances, we thought these select few to be the most prominent during the holidays. As always, Singh Insurance and Financial Services is here to help. Click here to contact us today for anything insurance or financial related!