Do You Need Umbrella Insurance?

Who Needs Umbrella Insurance?

Starting with a minimum protection of $1 million, you may think of umbrella insurance as something that doesn’t relate your lifestyle.  But you don’t have to be an oligarch to be subject to potential losses exceeding what your homeowners insurance covers.  In our litigious culture, with increasingly hefty settlements being awarded every day, everyone is vulnerable to accountability for unintended incidents resulting in damages to another party.  Umbrella Insurance is a good investment for anyone who has more in assets than they have in liability coverage from their homeowners, condo or renters insurance.

What Does Umbrella Insurance Cover?

An Umbrella policy steps in after you have reached the limit and paid out the maximum liability coverage from your homeowners policy. It will also cover you for things such as libel and slander and will even protect you for liability claims when you’re traveling outside the United States.

Umbrella Insurance protects your savings and other assets. If you’re sued for damages that exceed the liability limits of your homeowners policy, an Umbrella policy helps pay what you owe.

These are some every day scenarios that could accidentally cause major injuries or property damage to someone else and lead to financial ruin …

  • Doing volunteer work
  • Coaching your child’s sports team
  • Participating in sports that cause injury to a teammate or spectator
  • Owning a dog that does things that dogs sometimes do
  • Posting an opinion on social media

The list goes on and on of everyday activities and situations in an average, day-in- the-life of most Americans.  Normal things we do with no intention of causing damages to someone else but – BAM! – it sometimes does and there you are.  Holding the bag of financial responsibility and facing a lawsuit […]

By |2018-09-25T13:09:35-04:00September 25th, 2018|Insurance|0 Comments

Windstorm Insurance

3 Facts About Windstorms You Should Not Blow Off:

  1. Windstorms can have wind speeds in excess of 200 miles per hour
  2. Heavy winds cause about $1 billion in damages in the United States every year
  3. Approximately 85% of all windstorm-related insurance claims are due to roof damage

Windstorms – How Much Damage Can Wind Cause?

Windstorms are weather events that produce strong winds and violent gusts accompanied by very little or no precipitation. Hurricanes, cyclones, derechos and tornadoes are often classified as windstorms as are any events that include heavy winds strong enough to cause significant property damage.

Windstorm insurance is a special type of property and casualty insurance designed to cover damages caused by high winds. Windstorm insurance may cover damages from hurricane-force winds, tornados, hail and other weather events that are accompanied by wind gusts that exceed 35 miles per hour.

Although Florida is considered a high-risk zone for wind hazards, windstorm insurance is not mandatory in this state. However, it may be required by your mortgage company.  If you do not purchase windstorm insurance for your home on your own accord, your lender may strap on a force-placed policy to your mortgage to cover windstorm damage and it will, typically, be at a higher cost to you than a policy shopped by your own insurance agent.

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Or, please call us at 954.522.3800 or email us at info@pallantinsurance.com for a quote.

What Does Windstorm Insurance Cover?

Windstorm insurance will typically cover damages to your home and personal belongings inside your home. Many policies will also include coverage for detached structures such as garages, sheds and even swimming pools. When gale force winds harm roofs and windows, this […]

By |2018-10-05T10:44:09-04:00September 18th, 2018|Insurance|0 Comments

Disaster Preparedness for Pets – Planning with Pallant

Along with all the other measures you take to prepare for hurricanes, floods or other disasters and the possibility of a mandatory evacuation, your pet requires a few extra considerations in addition to all the needs of your human family.  With adequate planning, your furry children will be as road ready as the rest of the family if the need arises to get out of your home for a few days.  These are some priorities to keep in mind when looking out for your pet’s safety during a disaster.

Identity Crisis –

Avoid this crisis altogether by having your pets micro-chipped in advance.  This simple procedure involves your veterinarian inserting a small device in your pet’s skin.  The microchip stores an identification number that can be read with a scanner and remains in them throughout their life.  If you pet is separated from you and found by someone else, your contact information is listed in a registry linked to their microchip.  This system is the best possible backup plan if your pet should lose their collar and tags.

In addition to micro-chipping,  a collar with tags is essential.  It’s a faster way to reunite you with your pet when a microchip scanner is not available.

Of course, both identification systems are only as good as the contact information you provide so it’s important to update any changes in your address or phone number with all your pet’s identification records.

Gimme Shelter –

If you’re lucky enough to stay with friends who love you as much as they love your dog, you are lucky indeed.  But, as a second choice,  if you’re able to find  pet-friendly lodging you’re still pretty lucky.  BringFido.com and PetFriendlyTravel.com are directories of hotels, campgrounds and […]

By |2018-09-11T13:50:20-04:00September 11th, 2018|Insurance|0 Comments

Five Flood Facts– Planning with Pallant

And how was YOUR weekend?

Tropical storm Gordon passed through South Florida this Labor Day (yesterday) and changed a lot of our outdoor plans for the weekend.  Many of us had to abandon the idea of what might have been a carefree holiday at the beach and, instead, hunker down for the flood watch that was in effect.  Watching the local news coverage of high winds and heavy rain while waiting out the pelting we endured gave pause to contemplate the potential for property damage from flooding.  If flood insurance hasn’t seemed like a priority so far, here a few flood facts to consider…

Did you know that …

  1. Just one inch of flooding can cause as much as $27,000 or more in damages to your home?
  2. Floods are the nation’s most common and costly natural disaster
  3. Flooding causes millions of dollars in damage every year.
  4. Flood damage is not covered by homeowner’s insurance
  5. Flood insurance policies typically become effective 30 days from purchase

If your curious to see how your location fairs on FEMA’s flood risk map, click here for an opportunity to find out:

 FEMA Flood Map

To be sure your Flood Insurance coverage is adequate,
Call Pallant Insurance today at 954.522.3800 or complete our

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By |2018-09-04T13:05:45-04:00September 4th, 2018|Insurance|0 Comments