Florida No-Fault Auto Insurance Law to lower premiums?

So far, changes enacted by the Florida legislature have helped lowered PIP premiums by an average of 2.5%.  This is a far cry from the 25% anticipated when the changes were being discussed.  Click Here for the Miami Herald article discussing these changes. 

The key to seeing meaningful decreases in premium is lower PIP claims costs and a decrease in fraud.  Florida- south Florida in particular- is home to some of the highest fraud rates in the country.  Until fraud is under control, Florida will continue to see higher than average rates.

Boca Insurance Group represents a number of quality auto insurance companies allowing us to quote numerous carriers to find the best possible rate for your insurance dollar.  Call us today at 954-596-0691 and see how we can help lower your auto insurance premiums.  You may also e-mail us at pat@bocainsgroup.com to request a quote.

Thanksgiving Cooking Claims

According to Sate Farm data, more cooking claims occur on Thanksgiving than any other day of the year.  What state is Number !?  Click Here for a list of the top 10 states.

Boca Insurance Group would like to wish everyone a Happy Thanksgiving!  And be careful as you prepare that meal!

Boat and Yacht Insurers Take a Big Hit

 In the end, for boat and yacht insurers, Hurricane Sandy may be the most costly storm in history.  Click Here for an Insurance Journal article about the storm damage to boats and yachts. 

Having a proper, predetermined hurricane plan for your vessel is extremely important.  In Florida, owners of vessels over 35 feet are required by insurance companies to have a hurricane plan of action.  As with most homeowners insurance policies, boat and yacht policies also have a special hurricane deductible (sometimes referred to as a windstorm deductible).

Boca Boat Insurance, a subsidiary of Boca Insurance Group, specializes in providing insurance for vessels of all sizes, in all parts of the world.  Call us today to see how we can help with all the insurance needs for your vessel.  As an independent agent, Boca Boat Insurance represents some of the most experienced and well respected Boat and Yacht Insurance Companies in the world.  We can be reached at 954-596-0691 or e-mail us at pat@bocainsgroup.com.

Are you covered for all that a hurricane can bring?

Many consumers erroneously believe their homeowners insurance policy will cover them for all damage caused by a hurricane.  Please be aware that Homeowners Insurance policies do not cover damage caused by flooding- this includes flooding from a hurricane, including storm surge.  Flood insurance is relatively inexpensive and is administered by FEMA and the Federal Government. 

These two articles, from the Wall Street Journal and the New York Times, give some good information about flood insurance and the need for this special coverage.

Did you know a policy that covers your home for $250,000 and $100,000 in contents can be as little as $365 annually in a non-high risk flood zone.

Not sure if you are in a high risk flood zone?  Call us at 954-596-0691 or e-mail us at pat@bocainsgroup.com and we will check for you. 

Please do not miss out on this affordable important coverage.  Flood insurance has a 30 day waiting period- meaning you will not be covered for thirty days once you purchase flood insurance.  Don't delay.

Boca Insurance Group is a full service independent insurance agency specializing in hurricane coverage.  Please call us today to see how we can help you.  954-596-0691.