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3 Facts About Home Insurance You Need To Know

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At Karla Salmon Insurance, we offer quotes for home insurance among many other lines of business. Home insurance provides coverage in case of damage to a home’s interior or exterior, loss or damage to property in the home, and liability coverage for accidents on the property. However, every home insurance policy has a liability limit. In case of an unfortunate situation, you will only be compensated that amount.

Facts About Home Insurance

1. A home insurance Policy is not a Mortgage Insurance

Mortgage insurance protects your lender from losing money in case you default because of illness or death. It offers a guarantee that you will pay the mortgage in full. While the purpose of home insurance is to protect homeowners, mortgage insurance protects the lenders.

2. A Home Insurance Policy Is Not a Home Warranty

A home warranty is an additional coverage to help with repairs and replacements. Home warranties cover specifics such as plumbing and electronics’ repair. Home warranties are diverse depending on your budget and situation. Even though both home insurance and home warranties cover you against unforeseen problems, home warranties are used to offer coverage that isn’t offered by home insurance. Home insurance, for example, doesn’t cover normal wear and tear.

3. Home Insurance Doesn’t Always Cover Natural Disasters

‘Acts of God’ such as floods, earthquakes, lightning, and strong winds aren’t usually covered by standard home insurance. For such insurance, you may need to buy additional coverage. It is crucial to talk to your insurance provider about it and find out which natural disaster if any, they cover.

Karla Salmon Insurance Agency in Oviedo, FL believes in personalizing our clients’ needs and working with them to find the right insurance policy for them. Our team is experienced, knowledgeable, and always willing to help.

Contact us or visit us in Oviedo, FL to get a free quote. Our agents are ready to work with you and help you get started on a home insurance policy.

The Importance of Never Allowing Your Auto Insurance to Lapse

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Despite your best efforts, you may find yourself in a situation where it is hard to pay your bills. If you are facing such a case, your auto insurance is one of the bills that you should ensure you pay on time, every month. Here at Karla Salmon Insurance, serving the greater Oviedo, FL area, we know how devastating an auto insurance lapse can be. Here are a few of the reasons why you want to avoid a lapse in your auto insurance. 

Your Vehicle Is Not Insured

One of the biggest reasons why you want to avoid a lapse in auto insurance coverage is because your vehicle is not insured if your auto insurance coverage lapses. If you are in an auto accident, you will have to pay for all of the damage done to your car and the other driver’s car out of your own pocket. 

Your Registration May Be Suspended

In the state of Florida, you are required to carry minimum coverage auto insurance to register your car. If your auto insurance coverage lapses, your registration can be revoked. This can cause you to get pulled over and face a traffic ticket. 

You May Face Higher Auto Insurance Rates in the Future

The last reason you want to ensure your auto insurance policy never lapses is because your auto insurance rates can be higher if you do not have continuous auto insurance. If you have one or more lapses in coverage, you are considered an at-risk driver and many insurers will increase your rates. Maintaining coverage helps to keep your rates lower. 

Auto insurance is something every driver needs. If you are looking for a new auto insurance policy, turn to Karla Salmon Insurance, serving the greater Oviedo, FL area. We can help find you the best policy for your budget and needs. Give us a call today to get started. 

Will Commercial Insurance Cover Cyber Fraud?

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While we may be used to hearing about the major hacks in the cases of big businesses, there’s another threat out there for all business owners that may not be as readily apparent. When it comes to small businesses, cyber fraud has never been more prevalent. As the risks grow, commercial insurance policy owners in Oviedo, FL need to become aware of just how devastating it may be to go through a hack, and whether or not they have enough insurance protection to cover it. 

Cyber Fraud and Commercial Insurance 

The short answer is that commercial insurance will cover cyber fraud if an owner experiences a hack. The long answer is that most business owners don’t have enough protection when it comes to covering all their potential losses. There are many ways that business owners may be held liable when it comes to cyber theft. It’s not just about criminals stealing credit card data anymore. If a hacker is able to get into your system and steal the personal details of your customers, they may commit identity theft in the form of anything from medical to financial fraud. You may be sued as the responsible party for all of the damages your customers sustained, which can instantly wipe out profits or savings. 

Call Karla Salmon Insurance 

For more information about how you can better customize your insurance policy, give Karla Salmon Insurance a call today. It’s our mission to help you find the right coverage based on the risks that you face every day. We’ll ask you questions about your current security to get a sense of how you can make your organization safer from hackers. For more information about how we help business owners in Oviedo, FL, give us a call today! 

The 4 Types of Home Insurance All New Homeowners Should Have

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It’s important to remember that all homeowners insurance policies are different. However, there are some basic types of home insurance that all homeowners should make sure they have. They are as follows:

Dwelling coverage

This is the main coverage type that you’ll get in most any home insurance policy. As the name suggests, it protects the dwelling or structure of your home. This includes all walls, floors, ceilings, and built-in appliances

Contents coverage

The word “contents” is an insurance term that refers to all items in your home that are not part of the dwelling or structure. For example, the contents of your home include your clothing, your furniture, your kitchen appliances, and all other products and items.

Personal liability coverage

Of course, you’ll want to have personal liability coverage as well. This type of coverage is a bit different. It covers you in the event that you or your property causes bodily harm and injury to someone else or damage to someone else’s property.

Other optional types of home insurance

There are other optional types of home insurance available as well. You’ll want to discuss these types of insurance with your insurance agent to see if they’re applicable to you and your home and family. These other types of insurance include coverage for valuables such as jewelry, earthquake insurance, flood insurance, law insurance or ordinance insurance, and more.

Need Home Insurance? Contact Karla Salmon Insurance Today

If you are a new homeowner, Karla Salmon Insurance can help you find the homeowners insurance plan you’ve been looking for! There are many options available for all different budgets and coverage options. Give us a call today, or stop by one of our local offices to learn more about your home insurance options!

Millenials Take a Different Road to Auto Insurance

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Millennials Perception About Insurance

Just like any brand, insurance agencies need to engage their audience with a good story that they can relate to. Millennials have a negative perception about insurance and don’t consider it as important.

Therefore, for the millennial drivers in Oviedo, FL, you need to engage them with well-written content about the minimum requirements that they must meet. Also, why they must carry their personal protection coverage while driving.

Millennials Distrust to Insurance Brands

Millennials purchase different insurance from different providers. Due to lack of incentives, they go an extra mile to shop for the best deals available in the market.

To gain their trust, give appealing incentives to attract their attention. Emphasize on the benefits of the medical and financial coverage.

Millennials and Technology

For many millennials, they prefer online transactions than face-to-face interaction missing out on the opportunities that come along with face-to-face communication such as creating awareness of the dangers of driving while intoxicated.

In order to accommodate everybody on board, insurance agents should come up with specialized online packages through social media specifically for the millennials that are user-friendly.

Millennials Dislike on Insurance

It’s true that the millennials don’t value insurance. Insurance agents should focus on educating the millennial on the importance of the laws that permit drivers to drive legally and the compensation process of property loss and injury. They also must know that there are licensed insurers where they can purchase a policy from.

Specialized Packages for Millennials

Flexible methods of purchasing insurance should be incorporated in the specialized packages. The millennial should be made aware that the personal injury protection covers;

  • Medical expenses incurred by all parties whether at fault or not.
  • A family member who doesn’t have coverage.
  • Unemployed and Retirees

In addition to that, mobile applications should be used. In today’s businesses, mobile applications play a key role. There are mobile applications for every category in the market. Obviously, millennials love their phones so they are more likely to purchase an insurance policy if mobile applications are used.

Building Trust with Millennials

For many millennials, they trust their friend’s opinions rather than the insurance company. In order to gain trust with the millennials, insurance agencies should have reviews on their sites from their happy customers who have benefited from the property damage liability and personal injury protection.

Karla Salmon Insurance Agency in Oviedo, FL is a one-stop-shop. We invest in building trust and personalizing all your needs. For more information, do not hesitate to contact Karla Salmon Insurance so we can help every millennial understand the right auto insurance coverage for them.