Extra Protection With American Integrity

American Integrity

During October, we’ve introduced you to one of our trusted partners, American Integrity. Not only does American Integrity offer programs for small boat owners and owners of high value homes, they also write coverage for more modest homes, condos, manufactured homes, renters insurance, and more, including:

Coverage for rental properties. If you own rental property, American Integrity writes DP-1 and DP-3 policies.

Umbrella policies.

Cyber attack coverage. In conjunction with a homeowners or renters policy. 

Golf cart coverage.

Home Systems Protection. This policy covers repairs or replacement when certain home systems, such as your central air conditioning or conventionally installed water heater, break down and cause physical damage. Most standard homeowners policies don’t cover this kind of damage. Home Systems Protection is included in their Silver, Gold, and Diamond Reserve endorsements for your homeowners or condo insurance, or can be purchased as stand-alone coverage under certain programs.

Identity theft insurance. This coverage includes identity restoration case management as well as reimbursement for the expenses you face when restoring your identity. This coverage is also included in American Integrity’s Silver, Gold, and Diamond endorsement bundles, or as stand-alone coverage for a $25 fee in conjunction with a standard homeowners insurance policy.

Don’t forget the discounts!

American Integrity also offers many different types of discounts, including discounts for newly-built homes (within the past five years), alarm systems, secured communities, recent updates to your roof and/or other major systems like electrical or plumbing—even a discount if the policyholder is 55 or older. Be sure to consult with your Lakewood Financial agent to see if you’re receiving all the discounts you’re entitled to.

If you have any questions about American Integrity, or any of our other carriers, please call Lakewood Financial at 941-747-4600 (or click here to email us). As your local independent insurance agency, we want to help you find the insurance coverage that will give you financial peace of mind. 

Watch Out for Scary Homeowners Insurance Surprises

Homeowners Insurance Surprises

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A standard homeowners insurance policy covers many perils, such as damage or loss caused by theft, fire, or storms. It also protects you if you could be held legally responsible if someone is hurt or killed on your property.  But it doesn’t cover everything. Don’t be caught off-guard by these scary homeowners insurance surprises.

  • No coverage for flood. If your home is damaged by floodwaters, you won’t be covered unless you have a separate flood policy. (If you need a quote for flood insurance, call us at 941-747-4600. We work with several quality private flood insurance carriers.
  • No coverage for septic or sewer backup. A standard homeowners insurance policy protects against the overflow of water from plumbing, heating, or air conditioning if it originates on your property. But if the backup damage comes from outside your property, such as if heavy rains cause a sewer backup, you might not be covered.  This coverage may often be added by endorsement.

Also be aware that certain types of damage will not be covered at all. For example:

  • If your roof has had an ongoing issue of minor leaking, and you decide to make a claim after a rainstorm causes more serious water damage to your home, you may not have coverage. To be covered, an event has to be sudden and unexpected. Damage caused by lack of proper maintenance won’t be covered.
  • Business activity is not covered under a homeowners insurance policy. If you conduct business out of your home, you’ll need to carry business insurance.
  • A gator breaking into your house. Remember the news story in July about the alligator that crashed through a Clearwater woman’s kitchen windows and damaged her kitchen? Her insurance company denied her claim, noting that damages associated with wildlife were not covered under her policy—and that’s true for most homeowners insurance policies.

One more scary surprise—you may be paying too much for your coverage!

We encourage new and existing clients to review their homeowners insurance policy, as well as all other insurance coverage at least once a year. Make sure all information is up to date, and your coverage is still appropriate for your financial protection.  It’s also a good time to check to make sure you’re still getting the most cost effective deal. 

Please let Lakewood Financial take the fright out of homeowners insurance coverage. Our agents would love to help you with your financial peace of mind—just give us a call at 941-747-4600, or email us with your questions or to request a free quote. We are a locally owned, independent agency based in the Bradenton/Sarasota/Lakewood Ranch area, and have been serving the community since 2003.

Your Dream Home Is Covered With American Integrity’s High Value Home Program

High Value Home Coverage

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Your home is your pride and joy. Not only does it shelter your family and welcome your friends, it’s likely your most valuable financial asset. That’s why it’s so important to purchase the right homeowners insurance. And for those of you who own high value homes, you need a program designed especially for the unique needs of high value homeowners.

Do you need high value home coverage?

There are several reasons why you might need high value home coverage, including:

  • The value of your home is 750,000 or greater
  • Your home has unique features or design elements, such as a “green” roof or environmentally-friendly design
  • Your home was professionally decorated by an interior designer, or contains high-priced appliances, fixtures or décor not found at a standard retailer
  • You own priceless art, rugs, jewelry, wine, or another collection worth a great deal of money
  • Your home is considered a heritage home and has unusual construction features

American Integrity, one of Lakewood Financial’s partner companies, offers a specialized high value home insurance program to give you peace of mind. Their program has Coverage A limits of $750,000 to 10 million dollars, and no minimum premium. Their Silver, Gold, or Diamond Bundle packages offer further upgrades to coverage and limits to more precisely meet your needs.

In addition, their flood endorsement covers up to $5 million in damages, $3 million more than most other companies and there is no waiting period before coverage goes into effect. And unlike many other homeowners insurance companies, American Integrity will write high value beachfront properties (using risk modeling), and will also write X-wind coverage.

Additional benefits

American Integrity also offers additional benefits to policyholders, such as specialized claims adjusters and access to a preferred contractor network.

Suffering damage or destruction of a home could be one of your most devastating financial setbacks. Let Lakewood Financial help you make the right choice to protect your home with a high value homeowners insurance policy through American Integrity. And if American Integrity is not the best choice for you, we represent many more quality homeowners insurance companies—please call us at 941-747-4600 or email us if you have any questions, or you would like a homeowners insurance quote.

Just Married? Time to Review Your Insurance Coverage

Review Your Insurance Coverage

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Now that you’ve opened the presents and returned from your honeymoon, it’s time to consider some of the changes getting married will bring to your financial life. For instance, if you haven’t done so already, you should review your insurance coverage, compare and consolidate your insurance policies. Good news—you may get a discount just for being married, because many insurance companies consider married people a better risk than single people.

Review your existing coverage

 

  • Car insurance

Compare your car insurance policy limits and coverage. It may be less expensive to combine all your vehicles onto one policy because you will be eligible for a multi-car discount. Get a quote from each of your car insurance companies to see which is the better deal. If you change policies, make sure new coverage goes into effect before the old coverage is cancelled so you don’t have a lapse in coverage.

 

  • Homeowners or renters insurance

If you’ve been living separately, you may have both been carrying homeowners or renters insurance. You should be able to cancel one policy if you no longer own or rent that second home, but make sure the policy you’re left with is appropriate for your needs. 

For example, you may need to increase your personal property limits now that all your belongings are under one roof. You may also need special coverage for high value items like your wedding and engagement rings, high-end electronics, or expensive wedding gifts.

And remember to officially add your spouse to your policy!

 

  • Health insurance

Now that you’re married, you have a limited time to enroll in a new health plan or join a spouse’s plan—usually 60 days. If either or both of you have employer-based plans offering spousal benefits, you’ll want to compare these three scenarios: you each keep your current plan; you join your spouse’s plan; your spouse joins your plan. Ask questions about monthly premiums, deductibles, and other out-of-pocket costs. If you don’t have health insurance through work, you can buy or change your coverage through your state or federal exchange. See healthcare.gov for more details.

 

  • Life insurance

Consider buying life insurance—even if neither of you have children. The death of one partner could lead to financial difficulties for the surviving spouse if you have bills or a mortgage one person can’t afford on their own.

One more thing: be sure to update your beneficiaries and emergency contacts.

 

Need help? We’ve got you covered!

Feeling overwhelmed? Don’t be! Your friendly Lakewood Financial agent can help you make sense of it all. Whether you’re an existing client or a new one, we will be happy to help you sort through your options. As an independent agency, we represent many financially sound insurance companies and will help you make the best choices for your financial situation. Call us today at 941-747-4600, or email us for a car, home, renters, health, or life insurance quote. 

 

Need to Insure a Boat? Check Out American Integrity Small Boat Owners Insurance

small boat owners insurance

Image by Achim Scholty from Pixabay

We’re lucky in the Sarasota/Bradenton area to be able to enjoy our boats and water sports nearly year round. But before you hit the bay, lake, or river, do you have the insurance coverage you need for your boat? Even if you don’t have to carry insurance to satisfy a lender, many marinas require proof of boat insurance before they will allow you to dock, and you should also have coverage in place to protect your liability.

As an independent insurance agency, Lakewood Financial represents many quality insurance carriers—not just one. From time to time, we’ll draw attention to one of our carriers and what they specialize in. This month we want to introduce you to American Integrity, an A-rated, Tampa Bay-based insurance company, focused on insuring Florida consumers. Today we’ll discuss their special small boat owners insurance program, and later in the month, we’ll share information about their excellent homeowners insurance program.

Small watercraft

American Integrity’s small boat owners insurance is specifically designed for small watercraft (up to 30 feet with underwriting approval), including sailboats, bass boats, pontoons, cruisers, and personal watercraft such as Waverunners and Jet Skis. Some features of the program:

  • Boat policies can be written with hull coverage, liability coverage, or both
  • Boat policies can be written on an Agreed Hull Value or Actual Cash Value basis
  • Boating Liability coverage can be purchased up to $500k as a Combined Single Limit or Split Limits
  • Boat policies can be written with a maximum of two owners with an endorsement
  • Uninsured Boater coverage is included with the Boating Liability limit, but can be excluded for a reduction in premium
  • Fuel spillage coverage is included
  • No need to file a navigation plan with them

In addition to the above, American Integrity offers optional coverages, including Bahamas coverage, mechanical breakdown, medical payments, personal effects, and supplemental liability for boats you rent.

Discounts available

To lower your premiums, American Integrity offers several types of discounts, including ones for taking safety courses (state-certified, U.S. Power Squadron, U.S. Coast Guard Auxiliary, or U.S. Coast Guard’s Captain’s License), as well as a multi-program discount if you have your homeowners insurance with them.

If you’d like to see if an American Integrity small boat owners policy is right for you, please call us at 941-747-4600 or email us for a boat owners insurance quote.