Our Top Hurricane Season Preparation Tips

We are now in June, which means warmer weather and unfortunately, hurricane season. No need to worry, at Singh Insurance and Financial Services we offer home insurance, flood insurance and car insurance so you can ensure all of your assets are covered. To further assist our customers, here are some tips to readily prepare for hurricane season.

Stock Up On Batteries

Don’t get stuck in a power outage late at night! Check your flashlights to see which kind of batteries they require and make sure you have plenty. It is also a good idea to stock up on smoke detector batteries as well as any other battery operated equipment you can put to good use, such as fans for example, in case of losing power.

Keep An Eye On the Weather

One of the best ways to prepare is to observe weather alerts. This way you will know plenty ahead of time if bad weather is to come and you know to prepare! You can either watch the news on TV or just simply check your phone…yup, there’s an app for that!

Research Local Disaster Aid

Typically your local community will provide resources in case of power outages or a natural disaster. This includes water, charging stations or even temperature controlled resting areas. Contact your local community center or look on your city or county’s website to find out more!

Make Sure You Have Enough Gas

If you have a generator, ensure you have gas to fill it up. Also make sure your vehicle has a full tank in case you need to leave your house. Try not to get too much gas, just enough for whatever you initially need it for. Your neighbors will need some too!

Singh Insurance and Financial Services has you covered with tips and all the insurances you would need in case of a disastrous hurricane. Call us today at 352-432-1646 for more information on our services or visit http://www.singhinsurancegroup.com today!

FAQ: Can I Use Life Insurance for Tax-Free Distributions?

Our priority and goal is to educate our customers and provide you with the best value, knowledge and industry updates! Today we’d like to share with you a few of the many ways you can use Life Insurance for Tax-Free Distributions.

Many people assume Life Insurance is only a benefit when a death occurs, but our mission here at Singh Insurance and Financial Services is to share the many additional benefits that Life Insurance can bring to the table. 

Here are a few questions to get you started…

  • What is your tax liability in retirement?
  • Will all your 401K be taxed in retirement?
  • Did you know that your social security can be taxed in retirement?
  • Have you maxed out your Roth?
  • Don’t qualify for a Roth?
  • Do you think taxes are going up?

Contact us to have a discussion about your Life Insurance policies. 

CALL 352-432-1646
EMAIL info@singhinsurancegroup.com

Florida Home Insurance Update & Ways To Get Involved

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

Confused About Your Homeowners Insurance Rates Rising in Florida? Read This!

We understand that the current Homeowners Insurance situation in Florida is frustrating and confusing. Here at Signh Insurance & Financial Services we are doing all that we can to continue providing our clients with the best possible service & best possible rates. We also take great pride in providing you with pertinent information on important topics like this. Check out this blog post to learn more about the current homeowners insurance situation in Florida and remember, if you have any questions at all, don’t hesitate to reach out to our team. 

Here’s an explanation of the rate increase:

  • There are lawsuits being filed by trial attorneys with fee multipliers equal to 2-3 times the hourly rate for an average attorney. They are able to earn six-figure fees on a $10K settlement…none of which is shared with policyholders.
  • Thousands of claims are being reported with roof damage that appears to be general wear-and-tear or maintenance-related as opposed to damage with causes covered by peril insurance (including fire, lightning, windstorms, etc.). 
  • Costs are rising due to lawsuits being filed for damages caused by a hurricane that made landfall three years ago

Thankfully, there are actions we can take as citizens to try and combat these rate increases. Here are some simple ways you can make an impact:

  • ·Reach out to your legislators today and let them know how much your premium has increased this year!
  • Encourage their support of legislation that aims to achieve much-needed reforms.
  • Follow the Floridians for Lawsuit Reform Advocacy Group and sign the petition to make your voice heard.
  • Tell your family and friends about the cause–if they live in Florida, their premiums are also going up.  
  • Spread the word by sharing this blog post on your social media pages

If Florida does not act on these issues, unfortunately your homeowner rates will continue to increase over time. Getting involved, taking a stance and taking action will only take a couple of minutes of your time while the impacts of your help will go on to support the millions of Florida homeowners experiencing these rate increases.

If you’d like to review your current policy or if you have any questions, don’t hesitate to reach out to us at Signh Insurance & Financial Services. We look forward to helping you during this situation and beyond!

Everything You Need To Know About DP1 and DP3 Home Insurance Policies

Everything You Need To Know About DP1 and DP3 Home Insurance Policies by Singh Insurance and Financial Services – Central Florida

DP1 and DP3 are two types of dwelling fire policies. The DP1 policy is used for vacant property insurance and this option offers the minimum coverage amount. The DP3 is used for landlord insurance where the homeowner rents out the property, but does not actually live there.

In the DP1 policy, the house structure is insured at cash value, not at the replacement cost. This means that if your home burns down, you are most likely not going to get a full home back, but instead you will receive a check that compensates you for the depreciated value of the house.


The DP1 also only covers “named perils” – which means it only covers the hazards or risks listed in the policy. These are usually:
● Fire, Smoke
● Wind, Hail
● Lightning
● Explosion
● Aircraft, Vehicles hitting the house
● Volcanoes
● Vandalism, Riot


This means that the DP1 could leave a lot of important things out. Here’s what the DP1 is missing that you will want to have coverage for:
● Water damage (especially here in Florida)
● Theft
● Weight of ice, sleet, or snow
● Freezing pipes
● Appliance-related damage
● Falling objects, falling trees
● Power surge


The DP3 is usually an open perils policy. This means that everything listed above would typically be covered unless your policy documents state exclusions. An open peril policy generally is given for all types of damage outside of the perils not included in the policy documents. It is very important to read your policy documents to understand what specific coverage you have.

The most common exclusions in an open peril policy are…
● Flooding
● Mold
● Replacement Costs
● Personal Umbrella
● Sewage Backup / Sump Pump
● Identity Theft
● Home Sharing
● Lateral Lines Coverage

● Earthquakes
● Home Daycare


If you are wondering what is NEVER covered in DP1 or DP3 policies, here is a general list:

● Pollutants
● War
● Cracking
● Damage By Government
● Wear & Tear
● Vandalism On A Vacant Property
● Snow On Outdoor Property
● Birds, Vermins, Insects
● Power Interruption
● Intentional Losses
● Vacant / Freezing
● Nuclear Hazards

While this topic may be confusing, just remember…if someone is living in the home full time and you are renting it out in a landlord arrangement, you will need a DP3. If the home is vacant and will remain empty for the next 30 days, you will need a DP1 policy.


For more information about these policies or for questions on your existing policies, contact our team of Insurance Experts today!

Setting Yourself Up for Financial Success in 2021

It is no secret that 2020 was a challenge for the economy globally – unemployment rose to its highest level in history, the world went into lockdown, and millions of unfortunate deaths occurred. Insurance is needed now more than ever, and we are here to help. It is always
important to get educated about your finances and set some goals so that you can stay organized in the new year. Here are our 4 tips to help you set yourself up for financial success in 2021.

Tip #1: Make a List of New Year Financial Goals

Think of this as New Year’s Resolutions for your wallet. Setting some goals will help you create a plan and stay organized. Take some time to think about what you want this year to look like for you and write it down. Whether it be a debt-free future, owning your own home, or retiring
early, setting goals will help provide a plan, as well as motivation, for you in the new year.

Tip #2: Investigate and Review Coverage Plans

During this time, it is especially important to have insurance to financially protect you from any unplanned circumstances. We highly recommend starting a life insurance plan because it is always good to be prepared. Also, now is a great time to review your coverage plans and see what you are paying for. Keeping up to date with your coverage plans and reviewing them from time to time is a great habit to bring into 2021. For all of your insurance needs, contact our skilled team of experts today!

Tip #3: Get Educated with Your Money

Getting educated on what to do with your finances is always a good skill to have, especially in a new year. Speaking with someone who is organized with their finances for some tips is a great place to start but if you are looking for an expert experience, we are here to help. Contact us to learn more about our financial services and how we can help you get your financial health on track in 2021.

Tip #4: Organize Your Finances

The best thing to do with money is getting organized, and it is better to start earlier rather than later. An organized personal budget is a smart way to make sure you are spending your money wisely by planning for your future. There are tons of great podcasts, websites and virtual resources to help you with budgeting, household financial quick tips and more! Take a look around online and see what you can find. If you come across any great tips, share with us on Instagram!

Consider This…Is your money protected by creditors? Let’s Talk!

5 Tips To Enjoy Your Holiday This Year + Bonus Quick Tips From Michael Singh

The holiday season is a hectic time for everyone, so Singh Insurance & Financial Services is here to make sure you and your family have a perfect holiday while staying safe. Here are 5 quick tips to help keep the holidays secure and fun!

Tip #1: Property Protection
Many homeowners decorate their homes for the holidays, so you will certainly see homes with tons of Christmas lights. However, the holidays only come once a year, and then after it’s over we toss all the lights and decorations into a storage bin until next year. Before you decorate your home, check to see if the lights still work – you may never know what might have happened during its time in storage. Make sure to cover all wires and light boxes to prevent any tripping hazards and also be sure to set your lights to a level that will not blind passing drivers.

Tip #2: Turn Off All Lights at the End of the Day
Having your holiday lights and decorations on 24/7 is not the safest idea. Keeping your lights on for a long time will wear out your wires, creating a fire hazard that you do not want. It is
important to set a timer on the lights, so it automatically turns on and off during the day. If you have old-fashion lights, then set a reminder for yourself to turn off the lights before you go to bed.

Tip #3: Keep the Tree Watered and Safe
Most homeowners purchase fake trees during the holidays because it is easier to decorate and clean up, but some prefer going out every year and purchasing a real living tree. Dry trees are a major fire hazard, so make sure to water it daily.

Tip #4: Stay Alert in the Kitchen
You can’t have a Christmas dinner without mom’s oven roast beef or grandma’s pumpkin pie!
The holidays are always a time to have fun and create delicious foods in the kitchen, but how
much is a little too much? Make one dish at a time and monitor the cooking times to reduce the possibility of a fire. Too much kitchen usage can and will create an unsafe environment. Plus, nobody likes a burnt pie!

Tip #5: Always Have Receipt with Your Gift
Holiday shopping can be difficult if you do not know what gifts to get. If you are planning on
purchasing a gift for someone that you do not know too well, always provide a gift receipt, so
they can go and exchange it for something else. Another benefit of having a gift receipt is
allowing yourself to replace the item if it were to be damaged or misplaced.

Bonus Quick Tips From Michael Singh
● Making a big purchase such as a car or boat this year for a Christmas or Hanukkah gift?
Remember to get the vehicle insured as soon as possible. We offer car insurance,
motorcycle insurance, boat/watercraft insurance, classic car insurance policies and
more! For all of your Insurance Needs, contact us today.
● Are you looking towards 2021 and feeling stressed about your financial future? We
understand and we are here to help. For retirement planning, financial services & more
contact our team today to learn more about how we can help you feel safe and secure
this holiday season and always!

From all of us at Singh Insurance & Financial Services, we are wishing you and your family a Happy Holiday season!

Boating Insurance 101: What’s Covered When You’re Out On The Water?

While most of the country’s weather cools down, things in Florida are still nice and sunny. Perfect days out on the water are ahead, but with almost a million boats in Florida waters in 2019, accidents on the water are unfortunately bound to happen. At Singh Insurance, we’ve got you and your boat covered. Our representatives can help you customize your policy with available coverage options that include but are not limited to..

-Comprehensive and Collision Coverage

If your watercraft is totaled, whether from an accident or through theft, fire or vandalism, your coverage pays for the damage. 

-Uninsured or Underinsured Boater Coverage

You’re covered against another boater who may be uninsured or underinsured. 

-Personal Effects Coverage

Lose your favorite piece of jewelry on the water? No problem! This coverage pays for the value of the lost property. 

-Medical Payment coverage

If you or someone in your party is hurt due to a boating accident, no matter who is at fault, you are covered. 

And more! There are many ways to customize your policy and adding to it is as easy as giving us a phone call. From roadside assistance and wreckage removal to covering the cost of your lost fishing rod, we’re to make sure your time on the water is as easy as possible. 

Call us at (352) 432-1646 or if you’re in the neighborhood, visit us at Singh Insurance and Financial Services, LLC in Clermont, FL and let one of our representatives help find what policy is right for you.

Our Complete Guide To Halloween Safety

Don’t let this holiday spook you…Singh Insurance Group is here to protect you, your family and your home this Halloween. Here are our 5 quick tips for a safe and secure night of Trick-Or-Treating!

#1 Double Check Your Property

Check your property before Halloween to make sure there aren’t any loose wires, holes in your grass, large rocks in the walkways or any other potential tripping hazards that Trick-Or-Treaters may not see when it is dark outside. Make sure any Halloween decor you may have out (pumpkins, bails of hay, etc.) are in a safe spot and away from the direct path to your door. 

#2 Be Aware Of Fire Hazards

Halloween is one of the most exciting holiday’s to decorate for but with festive decorations can also come fire hazards. Be sure that all electrical wires are away from Halloween decorations and away from spots where children can easily access them. Instead of using real fire for decorations, try LED lights or battery-operated candles for a fun yet safe alternative.

#3 Lights, Camera, Action!
Before Halloween begins, make sure that your driveway and walkway areas are well-lit and make sure there are minimal tripping hazards for Trick-or-Treaters along the path to your front door. 

#4 Be Protected

Keeping your home protected at all times is a good idea, but since Halloween brings new guests to your property, this is a good time to start if you haven’t already. Consider investing in a camera system, security system or motion-detected outdoor lighting to make sure that your home is protected on Halloween night and every night. 

#5 Secure Your Pets

The commotion of Trick-Or-Treating can sometimes leave your pup or cat feeling anxious. Make sure they are secured in an area of the home away from the front door so they are less likely to run and get lost. 

Tips To Help Teen Drivers Practice Safe Driving

For most teenagers, a driver’s license is the rite of passage from childhood to adulthood. The license is a symbol of independence and freedom. When adding a teen driver to your family policy keep in mind that not all teens mature and develop at the same age mentally and physically. This plays a big part in responsible driving and complex physical maneuvers.

Here are a few tips to put into action as your new teen driver starts their journey.

  1. Assess your teen’s capabilities. Know their mental and physical limitations that affect coordination and movement of arms, legs, and eyes. Assess their mental capabilities and response to distraction and response times. Feeling confident about their capabilities is important before putting them on the highway.
  2. Pick a safe car. Putting a new teen driver behind the wheel of a fancy sports care right off the bat may not be the best idea. Some teens who are insecure may feel safer in a mid-size or larger car.
  3. Enroll your teen in a safe driver program. If your teen does not take driver’s education in school find a private driving course.
  4. Discuss the dangers of distracted and impaired driving. Have a firm discussion about cell phones, texting, and talking on a phone while driving. Also, discuss distractions from the radio, music, and other sources of distraction.
  5. Make sure your teen driver is well versed in all working parts of the vehicle. Teens should have a clear understanding and working knowledge of:
  • Starting/turning off the engine
  • Mirror adjustments
  • Dashboard controls
  • Turn signals and Headlights
  • Wipers and Emergency lights
  • Parking brake/release

A few basic driving tactics your teen driver should master is:

Keeping a safe following distance, approaching of congested areas, slow down for crosswalks, changing lanes and merging into traffic, determining and using the right of way.

Spending time with your teen driver will help make the driving process smooth and will ensure a safe start to their driving future.