September 12, 2022
AgencyWater Damage: What Your Homeowners Insurance Will—and WON’T—Cover
When you buy a homeowners insurance policy, you’re purchasing protection for your family’s safe haven as well as your most valuable asset. A homeowners policy is intended to help you recover from a sudden and accidental loss, likely an expensive one, such as fire, lightning, hail, etc. However, we find that coverage for one peril, […]
August 22, 2022
AgencyHow Inflation Is Affecting Your Insurance Rates and What You Can Do About It
Florida residents already pay some of the highest auto and home insurance rates in the country—and now inflation is making it worse. Some of the same factors driving inflation in general are driving premium increases across nearly all lines of insurance. These factors include supply chain issues, labor shortages, and the rising cost of goods […]
August 8, 2022
AgencyInsurance Tips for Back-to-School Season
Believe it or not, it’s already back-to-school season! Younger kids go back to school this week, and college students follow soon after. If you’re a parent, upcoming events in your kids’ lives could impact your insurance coverage. And whether or not you’re a parent, this time of year requires that all drivers take extra care […]
July 25, 2022
AgencyProtect Yourself from Lawsuits with an Umbrella Policy
Homeowners insurance and auto insurance play important roles in protecting your financial assets. Not only do they help to repair or replace your own property, your insurance policies cover your financial liability if you are at fault in an accident or if someone is injured while on your property. However, there are times when basic […]
July 11, 2022
AgencySafe Grilling Tips for National Grilling Month
Ah, the smell of backyard barbecue—one of the best aromas of summer! July is National Grilling Month, and the height of “grilling season” across the US. And while most people go their whole lifetimes without an incident, July is also peak month for grill fires, resulting in thousands of injuries and millions of dollars of […]
June 27, 2022
AgencyInsurance News You Can Use
The Florida insurance market is especially volatile right now, with many factors influencing the price of coverage. At Lakewood Financial, we follow developments in the insurance industry, and share them with our clients and prospective clients so you can understand some of what’s happening to the price of insurance. Here are three recent news stories […]
June 6, 2022
AgencyIs Your Business Hurricane Ready?
Every year private residents hear a lot about preparing for hurricane season—but what if you own a business? Are there any hurricane-readiness actions Sarasota/Bradenton/Lakewood Ranch business owners should perform? Business owners should also make plans for hurricane season. How you prepare depends on your type of business, and what assets, property, data, and people you […]
May 23, 2022
AgencyPrepare Now for the 2022 Hurricane Season
It’s that time again. Just like death and taxes, preparing for the Atlantic hurricane season every year is inevitable for Sarasota/Bradenton residents. However, just because it happens every year, doesn’t mean you should become complacent or neglect your preparations. You and your loved ones have a much better chance of riding out the season safely […]
May 9, 2022
AgencyAOB Abuse and Fraud Help to Drive the High Cost of Insurance
If you’ve purchased or renewed homeowners insurance lately, you know that premiums are skyrocketing. While there are several factors driving Florida’s insurance crisis, our high insurance prices are, in part, due to fraud and assignment of benefits abuse. Let’s take a closer look at what’s happening. What is Assignment of Benefits (AOB)? Assignment of benefits […]
April 25, 2022
Agency3 Factors Raising Your Commercial Property Insurance Rates
There have been plenty of headlines lately about Florida’s skyrocketing homeowners insurance prices. Unfortunately, we’re also beginning to see rising commercial property insurance premiums as well. Some of the same troubling trends plaguing homeowners insurance are also driving up the cost of commercial property insurance. Troubling trends in commercial property insurance As a business owner, […]