Major things you may not know or be told about your Orlando Auto Insurance policy:

1)       Gap Insurance:  Anyone purchasing a new vehicle or leasing a vehicle should really consider adding on Gap Insurance onto their current auto policy.  Gap Insurance provides coverage for the difference between the amount you owe on the vehicle and the cars actual cash value.  Typically all new cars or leases will have a gap that will be uninsured at time of loss that will leave the owner of the vehicle to have to come out of pocket with the difference which can be thousands of dollars.

2)       Short Rate Penalty: All insurance companies can charge a short rate penalty if you move your insurance mid-term.  Insurance companies charge 10% of the unearned premium if you move your coverage midterm.  Many times you are not advised of this charge by the insurance company who claims they are saving you money in order to get your business.  Be sure to wait until you renewal time or ask the insurance company to calculate what your short rate penalty will be before you move coverage to a new carrier.

3)      Orlando insurance agency: Value of using an Orlando Insurance agency vs using an online or over the phone insurance carrier.  Most times their is no difference in cost and when you get your insurance through a local insurance professional you have an advocate on your side that is not an employee of the insurance company.  You purchase insurance to protect you when claims happen.  Wouldn’t you want to have an independent party to help you navigate the claim process?

Corkhill Insurance Agency is a full service Orlando independent insurance agency since 1975 and represents over 30 insurance companies for all lines of coverage.  Scott Corkhill is a third generation insurance agent and President of Corkhill Insurance Agency, LLC.  Scott is also an Accredited Advisor of Insurance (AAI).  For more information on your Orlando Car Insurance, contact Corkhill Insurance Agency at 407-898-8891.

It does not matter if a business is a “mom and pop shop” or fortune 500 companies, it does not matter if it is service or consumer oriented, all Orlando businesses require business insurance.  Insurance impacts who works for the business and why they are working. Business insurance protects revenue and assets, aside from the fact that many state and federal regulations and laws require that businesses purchase insurance coverage. Without proper business insurance, for instance, financial service providers, such as investors and banks, may prevent access to financing and capital if not all insurance requirements are met. Orlando business insurance protects the business from different types of risks. Here are just a few of the benefits.

Orlando Business liability insurance, often known as Orlando commercial liability insurance, is one of the most important business insurance options a business can have. In fact, it is mandatory throughout the United States, it offers protection for the business from, for example, injuries by customers in the store. For example, if a customer slips and falls in a store because the floor is wet and they did not see a “wet floor” sign and decide to sue, liability insurance will cover it. It also protects the properties of others that are damaged because of daily operations. For example, if a house cleaning service knocks over a vase and the homeowner sues, the business would be protected. It also provides protection against different employee mistakes, libel, and slander.

Orlando commercial automobile insurance is another benefit of having business insurance. If a business is sued for an accident caused by a business vehicle or the business vehicle causes property damage, this coverage will provide protection against the business. It will also cover fire, theft, or damage to company vehicles.

Orlando Workers compensation is one last important benefit of having business insurance. It provides employees with medical care and leave pay if they are hurt on the job. For many jobs like construction, electricians, plumbing, and other hands-on jobs, it is actually required to have workers compensation insurance or else they are not able to work. Private companies and individuals will ask businesses if they have this coverage. If they do not and an employee gets hurt on the job, the commercial or residential property owner can be held liable. If a business does not have this type of insurance coverage, they will not get hired.

There are other benefits of Orlando business insurance. For those offering a product, it will protect the business in cases of defective and broken products. For companies that offer a professional service, such as architects, medical professionals, or lawyers, it actually protects the business person from claims of negligence. It is called by a number of names, including professional liability insurance or errors and omissions insurance.

Businesses today need to be protected 100 percent of the time. Without the necessary business insurance, businesses remain open to multiple lawsuits and will have to pay out of pocket. They also risk losing possible jobs because of lack of insurance, or, worse yet, being shut down for not having proper insurance coverage.

For more information on Orlando Business Insurance, contact Corkhill Insurance Agency at 407-898-8891.

Orlando Homeowners insurance is essential for all men and women who own their home. Homeowners insurance is the primary way that individuals can take necessary precautions against any possibility of unforeseen occurrences, such as storms, fire, or burglary that causes damage to or loss of the home and all contents inside. To guarantee that the home, as well as all items inside, can be easily replaced, it is vital that the right homeowner’s insurance policy is selected. Here are some practical tips when it comes to selecting the right Orlando homeowners insurance.

Although this is often disregarded, one of the most important things to do is determine the insurance company’s financial condition. If there is a lawsuit, individuals need to make sure they have the financial means to issue a check. The last thing a homeowner wants to do is put in a claim and then find out the insurance company does not have the means to pay it.

Always go online and check with insurance rating companies. J.D. Power and A.M. Best are some of the best rating companies found on the internet. These companies offer accurate ratings for insurance companies on a number of aspects, including policy options and features, pricing, claims, billing, as well as overall satisfaction ratings. While on the internet, also check state insurance websites as they can provide information like reports of fraud, complaints against the insurance company, and state codes regarding insurance companies.

Always look at all the inclusions and exclusions before selecting homeowners insurance. Individuals who own homes need to study everything that is included in the cost and what are considered “extras.” Items to take a look at include accidental damage, appliance replacement, and damage to items of guests who are currently in the home.

When shopping around for homeowners insurance, it is important to do some research on all the different insurance companies. To do this, they should visit websites of the insurance brokers, get free quotes, study everything that is covered in the policy, read over all terms and conditions, and then look up their credibility (as previously mentioned at the beginning). Once all this is done, arrange to meet with an Orlando Insurance Agency and have a list of questions regarding coverage. Always compare different insurance policies. A home is one of the most important things a person can own, and it is therefore important to do all the necessary investigation to ensure the perfect fit. Just like someone is not going to buy a pair of shoes that do not fit properly and offer no support, no one should buy homeowners insurance that does not provide all the support required.

While finding the right home insurance policy can be quite a daunting experience, it is none-the-less extremely important. At the end of the day, it is completely worth all the effort put in. Having the right insurance will put the mind of homeowners at ease and allow them to enjoy living in their home.

For more information on Orlando Homeowners Insurance, contact Corkhill Insurance Agency at 407-898-8891.

Recent computer modeling could have a significant impact on your homeowner
insurance rates.  Insurance Companies and re-insurance companies rely
heavily on computer modeling to predict their probable maximum hurricane
loss in a given area. A recent RMS computer model, which is widely used by
most homeowner companies, reflects much higher hurricane loss figures for
inland counties.  Following is an excerpt from RMS website regarding their
findings:
"The updated model reveals new information about how hurricane risk is
spread across Florida, with decreases in the view of risk to some coastal
areas and increases in the view of risk to Central Florida compared to the
previous model version. According to the new data and research, wind risk in
some coastal locations, such as Miami-Dade, is lower than had previously
been understood. At the same time, advances in our understanding of how
hurricanes decay over land show that the risk in Central Florida, in areas
such as Orange County, is actually higher than previously understood. While
the relative risk has changed, coastal locations are still much more subject
to hurricane risk than inland locations."

These results have impacted re-insurance companies pricing which drives up
the cost for the insurance companies, who in turn then request rates
increases from the State of Florida for Homeowner Insurance.  Virtually all
homeowner markets in Orlando have or will be requesting a rate increase.
However, these increases to homeowners insurance vary widely from carrier to
carrier.

Please contact Corkhill Insurance Agency to shop your Orlando homeowners insurance for the best price,
coverage, financial stability and overall value in the marketplace.