Tag: insurance

Does Home Insurance Cover Electrical Work?

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Most homes in Gainesville, FL contain a wide range of valuable electrical equipment, such as wiring, outlets, light fixtures, switches and circuit breaker panels. Many homeowners eventually need to repair or replace some of these devices. Before you call an electrician to schedule professional electrical work, it’s important to know if your home insurance will cover this project.

What’s Covered?

This kind of insurance generally protects your electrical system when a covered incident damages it. Most home policies cover several different events, including fire, lightning, vandalism and explosions. They don’t insure against earthquakes or flooding. Likewise, insurance won’t cover regular updates or improvements, such as replacing fuses with modern circuit breakers. Only a sudden, unexpected event can be covered.

In some cases, home insurance will cover damage caused by power surges. You might also be able to make a claim if an electrical outage results in the loss of refrigerated or frozen food. On the other hand, gradual decay over time doesn’t qualify. Keep in mind that some electrical issues may be covered by equipment, surge protector or home warranties.

Outdated Wiring

Some insurers refuse to cover homes with certain types of antiquated electrical systems. This can be an issue with aluminum and especially knob-and-tube wiring. It’s harder to qualify for insurance because this equipment may increase the risk of fire and/or electric shocks. Updates can help you obtain coverage, but an insurer won’t cover the electrical work involved in this process.

If you’re looking for a policy that can reliably protect electrical equipment and the rest of your home, Peninsula Underwriters Insurance Agency can help. We provide conventional home and mobile home insurance to residents of the Gainesville, FL area. Our independent agency helps homeowners compare different options and find an appropriate solution.

Is There a Minimum Amount in Assets Required Before You Can Purchase Umbrella Insurance?

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There are many types of insurance to consider, and each has its own specific focus. If you have heard about umbrella insurance and would like to know what it can do for you, our agents at Peninsula Underwriters Insurance Agency are standing by.

What Is Umbrella Insurance?

Umbrella insurance works like its name implies: as a layer of protection. The coverage is not required in Florida, but it is recommended for anyone with significant assets. Coverage can also step in for the insured if a claim is filed against them for libel or slander. 

Be Prepared With Umbrella Coverage in Gainesville, FL

When you have homeowners or auto insurance, each policy has a limit. If you are subject to a situation resulting in property damage or bodily injury where the limits of either policy are reached, an umbrella policy will make payments up to its limits. The additional coverage helps to protect your personal assets.

Who Should Have Umbrella Insurance?

Umbrella insurance is especially beneficial if you have significant assets. A policy can help protect assets like your savings, future earnings, and others.

Homes with a swimming pool or other types of play equipment where a visitor could be injured are good candidates for an umbrella, as they are high-risk activities. And if you have pets, such as a dog that could bite a visitor, that’s a risk as well.

If you own rental property, umbrella insurance adds protection against tenant accidents when your landlord insurance policy limits are reached.

Contact Us

If you have questions about purchasing umbrella insurance to cover your Gainesville, FL, assets, speak with one of our agents at Peninsula Underwriters Insurance Agency for more in-depth information.

Do You Still Need Renters Insurance If You’re Renting a Furnished Apartment?

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Finding a furnished apartment is exciting. You skip the hassle of furniture shopping and moving, and you can settle in right away. However, many renters wonder if they still need insurance when everything is already provided. Peninsula Underwriters Insurance Agency, serving Gainesville, FL, helps renters understand why this coverage remains essential, even in furnished spaces.

Your Personal Belongings Still Need Protection

Furnished doesn’t mean fully covered. While your landlord provides furniture, you still bring valuable personal items like your laptop, phone, clothes, and electronics. These belongings can easily add up to thousands of dollars. Your landlord’s insurance policy covers their furniture, not your possessions. Without renters insurance, you’ll have to pay out of pocket to replace everything after theft, fire, or water damage.

Liability Coverage Protects Your Financial Future

Living in a furnished apartment doesn’t reduce your liability risks; it might even increase them. What happens if a guest trips over an expensive coffee table and gets hurt? Or if you accidentally spill wine on the landlord’s designer couch? Both situations could lead to costly lawsuits or damage claims. Renters insurance includes liability protection to cover these scenarios and safeguard your finances.

Additional Living Expenses Matter More in Furnished Rentals

Disasters can temporarily make apartments unlivable. Finding another furnished place quickly can be far more expensive than basic housing. Hotels and short-term furnished rentals often charge premium rates. Renters insurance covers these extra living costs while your apartment is being repaired, saving you money during stressful times.

The Bottom Line

Furnished apartments don’t eliminate your need for insurance. Contact Peninsula Underwriters Insurance Agency, serving Gainesville, FL, today for affordable coverage that protects your belongings and ensures you’re prepared for unexpected events.

Have You Reviewed Your Mobile Home Insurance Recently?

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If you haven’t reviewed your mobile home insurance in the last year, now is the time! Mobile home insurance is a policy designed to help repair or rebuild your mobile home if a covered event occurs.

If your policy hasn’t been updated recently, it may be insufficient to cover all the repairs or replacements needed to make your home livable again. At Peninsula Underwriters Insurance Agency, serving Gainesville, FL, we’re here to help you review your policy to ensure your mobile home insurance meets your current needs.

Why Should You Review Your Mobile Home Insurance?

Costs change over time, and home upgrades can affect the amount you might need to spend to repair your mobile home. Regularly reviewing your mobile home insurance helps ensure your policy will be sufficient to cover all expenses after a covered disaster occurs.

How Can You Review Your Mobile Home Insurance?

To review your mobile home insurance policy, start by contacting your insurance agent at Peninsula Underwriters Insurance Agency. Our insurance professionals can provide you with the most recent copy of your policy, allowing you to see your coverage levels. Your agent can also answer any questions you have, helping you understand what to consider as you review your mobile home insurance.

What Should You Do If You Need to Update Your Mobile Home Insurance?

If you need to update your mobile home insurance policy, the professionals at Peninsula Underwriters Insurance Agency, serving Gainesville, can assist you. We’ll help you determine what changes need to be made to ensure you have adequate coverage in case of a disaster. Call today to speak with one of our insurance professionals.