Archives March 2022


Evaluating Your Motorcycle Insurance Coverage Options

Driving a motorcycle can feel freeing and fun. But like cars, operating them comes with a certain amount of risk. While you are not required to have motorcycle insurance in Florida, it may be in your best interest to purchase a policy.

Having the right motorcycle insurance policy can help you have peace of mind knowing that you will be covered if you are ever in an accident. Each motorcycle and driver is different which is why there are a variety of policies available to meet your unique needs.

3 Areas to Evaluate When Choosing Motorcycle Insurance

It is important that you have a motorcycle insurance policy with the right coverage for your needs. The following are three areas to evaluate when choosing the best policy for you.

motorcycle insurance

#1: Liability coverage

In the event that you caused the accident, having liability insurance likely won’t cover your medical bills or bike repairs. But it may pay for the other individual’s property damage or medical bills.

There are two types of liability coverage you may want to consider: bodily injury liability and property damage liability. While bodily injury liability coverage often covers the other party’s medical bills it may exclude your passengers, so just be sure to double-check the scope of coverage with the insurance provider.

#2: Collision & comprehensive coverage

Collision and comprehensive coverage will often help you pay for any repairs that may need to be made to your bike or even a new bike if it was stolen or totaled in an accident. Collision coverage often comes into play if you need repairs or replacements that resulted from a collision.

Comprehensive coverage, on the other hand, may help pay for repairs or replacements if your motorcycle was stolen or damaged from forces outside of a collision, such as fire or hail.

#3: Personal injury protection

You are also subject to injury and medical bills resulting from a motorcycle accident. That is when personal injury protection, or PIP insurance coverage, is beneficial. PIP coverage helps to pay for injuries you may have sustained from an accident, regardless of whose fault it was. It can also help cover related expenses such as lost income or childcare costs.

Shop The Best Motorcycle Insurance for You

While motorcycle insurance is not required in Florida, having some sort of coverage can be very beneficial. There are several policies and providers to choose from, so it is important to evaluate your needs and budget to help narrow down your options.

Shopping for an insurance policy can often be a hassle and extremely time-consuming. At GWK Insurance, we help you find the best insurance policies to meet your unique needs and budget. Contact us today to help you find the best quotes for your insurance needs.

homeowners insurance

How to Best Prepare for an Annual Home Insurance Review

If you are like most homeowners, you may not have recently reviewed your home insurance policy. The last time you likely skimmed through it was if you had to file a claim or when you chose your policy.

However, after you have nestled into your home, you may have made a few renovations, updated your appliances, and acquired more belongings. Unfortunately, without an insurance review, you may be shortchanging yourself when it comes to your home insurance coverage, should you need it one day.

3 Tips to Prepare for Your Annual Home Insurance Review

You may be happy with your coverage or have forgotten all the fine print associated in your policy.

To ensure you are adequately covered in your current policy, or to determine if you should look elsewhere for a better policy that meets your current needs, you should conduct an annual home insurance review. The following are three tips to help you best prepare for this.

home insurance policy

#1: Conduct a home inventory

A home inventory is when you take inventory of everything in your home, which can include installations, appliances, renovations, technology, heirlooms, etc. This type of inventory will help you determine the amount of coverage your home insurance policy should include.

#2: Discuss significant life changes

There are a multitude of life changes that can affect your property and necessary coverage, such as having a baby, starting a home business, inheriting jewelry or firearms, and more. These significant changes are worth discussing as a part of your annual home insurance review so that you receive adequate coverage if you ever need to file a claim.

#3: Review the policy with your agent

You are bound to encounter several life changes, which can affect your insurance needs. Annually conducting a home insurance review with your agent helps you determine if you have sufficient coverage for your current situation. You should review items like available discounts, any home renovations, landscaping changes, and appliance upgrades.

Finding the Best Home Insurance Coverage

Conducting an annual home insurance review can be very beneficial. You may discover that you are happy with the price you are paying for coverage, or you may realize you have insufficient coverage.

At GWK Insurance, we help you shop the best quotes and policies that meet your budget and lifestyle needs. Contact us today to learn how we can help you find the right home insurance coverage for you.

auto insurance

Compare Your Car Insurance Quotes with These Quick Tips

Not many people would elect to pay more for car insurance. Oftentimes, individuals may think that because they are paying more, they are getting more coverage. However, that is not necessarily the case.

You can likely find the same quality coverage with a more budget-friendly price tag. That is why it is often beneficial to compare a few car insurance quotes. To get a true comparison, you should set a few of the same parameters, such as coverage types, limits, and deductibles to easily compare them side by side.

It is important to also note that there is a difference between car insurance quotes and rates.

Quote V. Rate

A car insurance quote is an estimate that details how much you can anticipate paying for an insurance policy. On the other hand, a car insurance rate is an amount you pay for the policy over a specific amount of time. Your car insurance rate may be different from the quote, as it is affected by a variety of factors, like your driving record.

3 Helpful Tips to Compare Your Car Insurance Quotes

The following are three helpful tips for comparing car insurance quotes.

#1: Choose the appropriate liability limits

Under Florida law, you must have a minimum of $10,000 of property damage liability insurance and $10,000 of personal injury protection (PIP). However, many individuals elect to have more than the state’s minimum requirements. These types of liability coverage can help pay for the other individual’s car repairs or medical bills if you were at fault for the accident.

When requesting auto insurance quotes, you should determine how much liability coverage you want and compare each provider’s rates for equivalent coverage.

car insurance

#2: Set equivalent deductibles for the quotes you are comparing

Depending on your financial situation, you may prefer to pay a higher monthly premium to have a lower deductible or vice versa. Try to set equivalent deductibles for the quotes you are comparing so you can see which makes the most financial sense for your unique needs, and then you can make an accurate comparison.

#3: Compare quotes with the same coverage

There are many more coverage options (other than liability) available, such as collision and comprehensive, that you will want to account for when comparing quotes.

Before you begin asking for quotes, you may want to familiarize yourself with your coverage options and decide which ones you will want to include in your policy. Just be sure that the coverage is equivalent for each quote you are requesting to accurately compare them.

Need Help Comparing Car Insurance Quotes?

While some car insurance coverage is required by the state, there are many additional coverage options available at varying price points.

At GWK Insurance, we help you shop and compare the best car insurance quotes that meet your coverage and budget needs. Contact us today to get started.