Mission Statement

"Our mission is to create peace of mind and build enduring relationships."

Bob Lancaster Insurance's mission statement is the core of our culture. Our customers always come first, and we strive to provide them with the products and service that best respond to their needs. Building trust and fostering loyal, long-lasting relationships are the essence of who we are and fundamental parts of our company values.

Putting our mission statement to work

Our employees work hard to connect with our customers on a very real and personal level. Find out what Bob Lancaster’s mission means to them and how they carry it out every day.

Bob Lancaster Insurance, serving Florida's insurance needs since 1964. Contact us today at 321-725-1620 - see what we can do for YOU and YOUR BUSINESS!

Wednesday, August 7, 2013

Renters Insurance Can Provide Important Financial Protection This Hurricane Season

Although the majority of homeowners purchase insurance for their home, when it comes to renters, only 35 percent have renters insurance. The number of renters is steadily increasing. According to an April 2013 U.S. Census Report, the share of housing occupied by renters rose to 35.4 percent in 2013—up from 34.1 percent in 2009. 
One of the biggest insurance problems after a devastating storm is the large number of renters who don't have coverage for their homes.  It can be extremely expensive to have to re-buy the entire contents of your home, so a renters insurance policy provides very important financial protection when there is a hurricane or other covered disaster.

The good news is that renters insurance is relatively inexpensive. When you purchase renters insurance, your belongings are covered against losses from fire or smoke, lightning, vandalism, theft, explosion, windstorm and water damage—for example, if an upstairs neighbor's tub overflows and damages items in your apartment. However, renters insurance does not cover damage from flooding. Flood insurance is available for renters - contact us for a quote.

Renters insurance includes additional living expenses (ALE) coverage if you are unable to live in your home because of a hurricane, fire or other disaster listed in the policy. ALE pays for hotel bills, temporary rentals, restaurant meals and other expenses you incur while your home is being repaired or rebuilt.

Like a standard homeowners insurance policy, renters insurance includes liability protection. This covers your responsibility to other people injured at your home or elsewhere by you, a family member or your pet and pays legal defense costs if you are taken to court.

There are two main types of renters insurance policies:
  1. Actual Cash Value coverage pays to replace your possessions up to the limit of your policy, minus a deduction for depreciation.
  2. Replacement Cost coverage pays the real cost of replacing your belongings (regardless of depreciation) up to the limit of your policy. This will usually cost about 10 percent more but is a much better value in the long run.
If you have expensive jewelry, furs, sports or musical equipment, or collectibles, you may want to consider adding a floater to your policy. Most standard renters policies include a limited dollar amount for such items. A floater is a separate policy that provides additional insurance for your valuables and may even cover them if they are accidentally lost.

The best way to determine how much renters insurance you need is to create a home inventory. This is a detailed list of all of your personal possessions along with their estimated value. An up-to-date home inventory will also make filing an insurance claim faster and easier.  See Bob's post from yesterday - HOW TO CREATE A HOME INVENTORY.

Contact us for all your Insurance needs! (321)725-1620
Bob Lancaster Insurance
Serving Florida since 1964

No comments:

Post a Comment