When Should I Upgrade My Home Insurance in Fort Lauderdale?

Upgrading your home insurance in Fort Lauderdale, FL is probably necessary for far more people than you realize. In fact, the vast majority of people are underinsured and they don’t even know it. The last thing you need is to find out that your policy doesn’t cover something after it’s too late, which is why Coastal Wealth Insurance LLC is here to give you a few reminders. 

When Your Home Has Changed 

Your home doesn’t stay the same after you move in. You might replace the roof, you buy more furniture for it. Whether you’ve changed the fixtures in the bathroom or purchased an engagement ring, it may make a difference in terms of your coverage. Each home insurance policy will have its own limits placed within the fine print, and those limits are based on the original information that your carrier had at the time you opened the policy. So if you’ve made major adjustments, your policy might need a rewrite.

When You Want More 

Sometimes homeowners just want more coverage based on what they know about the world. If you live in Fort Lauderdale FL, you might choose to get a rider added on to your policy, so you can rest easy about whatever’s ahead. For instance, if you want flood insurance or if you decide that you want more coverage on your personal belongings. 

Call Today 

If you have questions about whether your insurance could use an upgrade, Coastal Wealth Insurance LLC is here to help you figure it out. We base our advice on not only what’s listed in your current policy, but also what’s important to you Give us a call today and we can start working for you and your family. 

Commercial Insurance for Fort Lauderdale, FL Business Owners

Your business is an essential establishment like your home, and you need to understand how to protect your business. As a Fort Lauderdale business owner, you have different commercial insurance options. Here are the facts you need to know regarding business insurance and why it’s essential.

Commercial Insurance Options for Fort Lauderdale Business Owners

As a Fort Lauderdale business owner, your commercial insurance options include:

  • Commercial auto insurance
  • General liability insurance
  • Workers Compensation insurance

Commercial Auto Insurance – this type of insurance is similar to the auto insurance required for personal vehicles. The coverage options for commercial auto insurance includes liability and collision and comprehensive coverage. These auto insurance coverage options protect your commercial vehicle if you are involved in a car accident, regardless of who is at fault. Another auto coverage option includes medical payments for uninsured motorists, which takes effect if you are involved in an accident involving your commercial vehicle, and the other driver does not have any or enough insurance coverage.

General Liability Insurance – This type of commercial insurance is necessary if someone sues your business. In the event you are sued, your general liability insurance policy prevents the lawsuit from resulting in a financial disaster. This commercial liability insurance provides financial protection for your business if you are sued.

Workers Compensation Insurance – if one of your employees is hurt on company property or while out on a job, they will require compensation for their injuries. As a business owner in Florida, you are required to have workers’ compensation. Workers’ compensation insurance is necessary because it prevents you from enduring the litigation process, and the process for the employee is easier. Having workers comp insurance is designed to help you pay fixed monetary awards to your employees. 

Here at Coastal Wealth Insurance LLC, we take pride in our outstanding customer service and excellent insurance solutions. We provide a variety of insurance solutions to the business owners and residents of Fort Lauderdale, FL, and surrounding areas. Contact us today to inquire about our insurance solutions and how we can help you protect your business.

3 mistakes to avoid when buying auto insurance

It doesn’t matter if you buying auto insurance for the first time or if you are a regular buyer, ensuring the safety of your auto is critical and should be achieved without any mistakes. Our insurance agents at Coastal Wealth Insurance LLC in Fort Lauderdale, FL will guide you in identifying a suitable policy for you auto giving you the peace of mind that you need.

What is auto insurance?

An auto insurance policy protects you against financial liability resulting from loss or physical damage of your auto or bodily damage.

Mistakes to avoid when buying auto insurance?

  • Not knowing the details of your insurance policy

It is essential that you understand all the details of your insurance policy. Be sure to discuss the contents of the policy with our agents at Coastal Wealth Insurance LLC and raise any concerns you might have. Insurance agents are paid to respond to your queries, so don’t worry even if you take so much of their time. This will critical in case you have an accident.

  • Only putting the price into consideration

Always consider all aspects of auto insurance besides the price. While you might get several offers of cheap covers, carefully analyze the contents of the policy. The safety of your auto comes first. Look into other aspects of the policy such as discount options, additional offers and extras, and type of coverage.

  • Keep updating your policy

Keep your data with the insurance company UpToDate. In case of any changes in your personal information such as changes in contacts or residence, lifestyle changes, these should be updated immediately.

kindly visit us at Fort Lauderdale, FL, and our  Coastal Wealth Insurance LLC insurance agents will help identify all the pitfalls you will need to avoid as they advise you on the auto insurance policy suitable for you.

Three Tips to Help You Find the Right Home Insurance Policy

When you own a home in Fort Lauderdale, FL, you have a lot to manage. It’s important that your home has the right insurance policy, but knowing what you need can be tricky. Coastal Wealth Insurance LLC can help you get the perfect policy, but it will be easier for you if you know a few tips first.

Premiums vs Deductibles

Understanding the tradeoff between these costs is the key to optimizing any insurance policy. Basically, your premium is the monthly payment you make out to the insurance company. The deductible is the amount you have to pay from your own pocket before the policy kicks in. Say, for example, that your roof is damaged in a storm. If you have a $500 deductible, then you have to pay the first $500 towards repairs. If the repairs cost more than that, your policy will help you pay the bill.

Deductibles and premiums can change, and they tend to be inversely related. If you have a higher deductible, your premium is likely to be lower (there are other factors to consider). The key to getting the right policy is to consider how much of an emergency cos you can reasonably afford out of your own pocket. Pick your deductible based on that number, and then try to get the lowest premium you can for the amount of coverage you want.

Consider Your Assets

Home insurance can cover replacing assets inside the home that are damaged or stolen (depending on the circumstances). Perhaps more importantly, home insurance covers liability if someone is hurt in your home. In both cases, you need to know the value of your assets to make sure the policy can properly reimburse you.

Ask for Discounts

Ultimately, the best way to get the perfect policy for the lowest price is to ask. Your Coastal Wealth Insurance LLC representative can look for every possible discount and help you customize insurance for your home in Fort Lauderdale, FL.

Is Commercial Insurance A Requirement?

If you’re starting a business in Fort Lauderdale, FL, you may be wondering whether commercial insurance is required.

This depends on what you mean by “required.” Here’s what you need to know:

  • Commercial insurance is almost never legally required. If your business is in transportation if you operate company vehicles, trucks, cars, etc. then, of course, you need to carry some form of liability insurance on your vehicles and your drivers, and the easiest way to do that is through commercial auto. But the business itself can be insured or not insured at your discretion.
  • Your business may be required to carry insurance by other entities besides federal and state law. You may need to carry insurance in order to join a guild or business organization. Your business partner or investor may insist that you carry insurance. You may find that clients are unwilling to do business with someone who does not carry insurance. In this way, your hands may be tied and insurance does turn out to be a requisite, but it’s going to be a practical requisite rather than a legal one.

A business owner is, by definition, a risk-taker. You could take that money and put it into a savings account if you wanted to play it safe, but you chose to reach a little higher than that. You’re free to manage that risk however you like. Commercial insurance is almost always a good idea, but you won’t do jail time for not carrying it.

If you’re looking to get your Fort Lauderdale, FL business covered, get in touch with Coastal Wealth Insurance LLC and see what they can do for you. Coastal Wealth Insurance LLC is familiar with the local business scene and can get you the coverage you need.

What Does Comprehensive Auto Insurance Cover?

You’ve just bought a new car or you’re about to buy one and you’re searching for the best insurance policy to purchase. At Coastal Wealth Insurance LLC in Fort Lauderdale, FL, we will advise you to consider comprehensive auto insurance coverage.

We understand that you’ll like to know exactly what this insurance covers. So, we have outlined them below. Generally, the insurance provides coverage for accidents or damages that were caused by events beyond your control


If your car gets stolen after making conscious efforts to secure it, you may receive funds to replace it. 

Explosions, riots, fire, and vandalism

An explosion may not be a common occurrence in America but comprehensive insurance has you covered. I addition comprehensive coverage includes riots and vandalism as they often go together. We don’t really need to say much about fire. You know how destructive wildfires can be. So, it is necessary to protect your vehicle against fire. 

Damage by falling objects

A falling tree limb or another object can land on your car or your windshield. If such an object damages your car, who will you blame? Who’ll be responsible? Absolutely nobody. That’s why we’ll like to be responsible for such accidents. If you purchase a comprehensive auto insurance policy through us, you’ll only need to file a claim and we’ll work with your insurance company to get you paid. 

Natural disasters

Earthquakes, floods, strong wind, or storms can damage vehicles and other properties. It could happen anytime. Besides, it is needless to remind you that Florida is prone to hurricanes, wildfires and other natural disasters. Which is why it is important to protect your automobile from natural disasters?

Accidents with animals 

This insurance policy also protects you against accidents with animals.

For more information about comprehensive auto insurance, you can reach out to Coastal Wealth Insurance LLC in Fort Lauderdale, FL anytime. 

Is there a benefit to full coverage auto insurance in Fort Lauderdale, FL?

If you have never sat down and had a discussion with your Fort Lauderdale, FL at Coastal Wealth Insurance LLC, you might not realize the wide variety of options you have. A lot of people just get the minimum coverage required by law, without realizing what they’re missing out on.

Minimum coverage in Florida includes basic liability, meaning that if you are found at fault in an accident your insurance will pay. If you don’t have insurance, the accident victim can ask you personally to pay. If you have minimum coverage, your insurance will only pay up to those minimum policy limits, after which you are responsible. You will also need uninsured and underinsured coverage.

If you have been in a crash in the last few years, you probably realize how expensive medical bills and repairs are. Minimum coverage won’t fully cover the full amount for many crashes. You might want to see if it’s worth it to you to get higher policy limits.

Full coverage insurance will also include comprehensive and collision coverage. Collision coverage will cover damages to your own vehicle if you are in a crash, not just the other drivers. Comprehension coverage protects you in other situations, such as vandalism, weather damage, or theft.

There are also optional coverages. Some people choose the option for glass protection, specifically to replace the windshield. You can also often choose roadside assistance and/or rental car coverage.

The best way to get a good price on full coverage insurance in Fort Lauderdale, FL is to compare all your different options. At Coastal Wealth Insurance LLC, we can help you build a policy tailored to your needs. If you want to see how we can help you do that, or if you have any other insurance questions, please feel free to call today.

5 Factors to Consider Before Getting Home Insurance in Florida

Getting homeowner insurance in Fort Lauderdale, FL is similar to other states. However, there are factors to consider that are unique to Florida.

Hurricane Damage

Florida is prone to hurricanes. After a major hurricane, building resources can surge in cost due to the heavy demand for these materials. It is important to make sure your insurance company has the fiscal resources to cover extensive damage after a hurricane. 

Speed of Responding to Claims

Your insurance company should be able to rapidly respond to your needs after a major event. A good insurance provider will have the physical and fiscal resources to provide the help you need after a flood or hurricane. Coastal Wealth Insurance LLC is one such company that goes above and beyond for clients.

Quick Response to Questions

An unresponsive insurance company is unacceptable, especially after a disaster. It’s imperative your insurance provider is easy to get a hold of when you have important questions that need answers. If they are consistently unavailable, this may be a sign of a sub-par insurance company.

Flexible Options

Having an insurance company that offers flexible options for individual coverage can help those who have very specific insurance needs. This can be an important factor when choosing your insurance company.

Financially Stable Insurance Company

When choosing your homeowner’s insurance, finding out how financially stable they are can be a wise move. A quality insurance company will be able to handle big claims if they are financially stable. Check out their Demotech rating to get an idea of how stable they are and how quickly they can pay out claims.

Give us a call at Coastal Wealth Insurance LLC of Fort Lauderdale, FL to discuss your insurance needs. Our agents are here to help you understand the ins and outs of homeowner’s insurance. Your home is a big investment and it is a good idea to protect that investment with quality insurance. Stop in or give us a call today.

Should We Combine Auto Insurance Policies?

When your life circumstances change, it’s likely that your auto insurance may need to change as well. Getting married, finding a roommate, or welcoming a teen driver into the household are common events that cause people to question their existing coverage. When these things happen, many Fort Lauderdale, FL residents wonder if they should combine auto insurance policies or maintain separate contracts. While each situation is unique, these key points from Coastal Wealth Insurance LLC may help you decide the right move for you.

  • Consider the risk. Insurance companies use risk measurements to decide how much your premiums should be. Young drivers, those with less experience, or drivers with a history of accidents or violations can raise your risk, which negatively impacts your premiums.
  • Think about credit. Your credit score is just one of the many pieces of information considered when calculating your auto insurance premiums. If the person you’re thinking about combining your policy with has a history of poor financial decisions, adding them to your policy could raise your risk and your rates.
  • Are they in your household? You can’t add someone to your policy who doesn’t live at the same address. However, your college student may still qualify. talk to your insurance agent to find out more.
  • Look at the vehicles. High-value vehicles cost more to insure because they cost more to replace. If your potential contract partner drives a super fancy sports car, it may not be worthwhile to add them to the coverage on your minivan.

Adding additional members to your auto insurance policy is a great way to simplify your life and possibly receive multiple driver discounts. Call Coastal Wealth Insurance LLC to find out more about sharing insurance policies in the Fort Lauderdale, FL area.

Top 3 Reasons You Need Commercial Insurance

As a business owner, it is important to protect yourself and your investment. After putting your hard work and money into a dream venture, it would be a shame to lose everything. By purchasing an insurance policy, you can feel confident knowing that you and your business will be safe if disaster suddenly strikes.

For businesses in Fort Lauderdale, FL, Coastal Wealth Insurance LLC would be able to help you figure out which policies are absolutely necessary. One type of insurance you may need is a commercial auto policy. 

Here are the Top 3 reasons you might need commercial auto insurance:

  1. You are transporting goods or people in your automobile in exchange for money.
  2. You are conducting a service with your automobile
  3. Your employees are operating an automobile for business purposes

You also may need commercial auto insurance if the ownership of the vehicle is in the name of a corporation or partnership. Another reason you might need commercial auto insurance is if you need higher limits of liability. This could be due to the nature of your work, especially if there is a considerable amount of risk associated with your business.

In addition, you may also need a commercial auto policy if you haul a good amount of weight in tools or equipment. Likewise, if you will be towing a trailer that will be used to conduct business, then you will need commercial auto insurance.

By making sure your business is covered with the right types of insurance, you will be giving yourself peace of mind and the freedom to focus on the business itself.

Contact Coastal Wealth Insurance LLC in Fort Lauderdale, FL

If you are not sure whether or not you need commercial auto insurance, feel free to contact Coastal Wealth Insurance LLC in Fort Lauderdale, FL. The team will be able to give you more details on the type of policy that is right for you based on the specifics of your business.