Congrats on paying off your mortgage! One less bill to worry about, right? But even if you’ve paid off your home loan, you might still wonder whether you need to continue to carry home insurance. Our insurance experts at Abney Insurance in Winter Garden, FL is here to help.
Home Insurance After Paying Off Mortgage
Florida homeowners insurance is not required by law if you own your home outright and there is no mortgage on the property. However, just because it’s not required doesn’t mean it’s not a good idea.
There are many reasons why you might want to keep carrying your home insurance policy even after your mortgage is paid off. For one thing, home insurance can protect you from unforeseen circumstances such as storms, fires, and theft. If your home is damaged or destroyed, your home insurance policy can help you pay for repairs or replacement costs. Without homeowner’s insurance, you will need to pay for repairs out of your own pocket.
Furthermore, most homeowners associations (HOAs) require members to carry some level of home insurance even if their mortgage has been paid off. So if you’re part of an HOA, check with your HOA board to see what kind of coverage they require.
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Ultimately, the decision of whether or not to keep carrying home insurance after your mortgage is paid off is up to you. However, we recommend that you at least consider maintaining some coverage for your Winter Garden, FL home. Home insurance can protect you from unexpected events and also may be required by your HOA. If you have any questions about whether or not home insurance is right for you, contact Abney Insurance, and we’ll be happy to help!
Road trips can be a lot of fun unless an accident happens. Fortunately, there are many things that you can do to minimize your risk of an accident when you are out on a road trip. Read along as Abney Insurance, serving the greater Winter Garden, FL area, provides tips on how to stay safe while on a road trip.
Road Safety Tips
Have Your Car Inspected Before You Head Out on the Road
Any time you are going on a road trip, you want to have your car inspected. The tires, fluids, and belts should all be inspected to ensure your car is in safe working order.
Create a Route Ahead of Time
Another tip to help you stay safe on the roads is to create a route before you head out on the roads. Always plan a route ahead of time so you are familiar with the route you will be traveling. Share your route with at least one person.
Take Plenty of Breaks Along the Way
Anytime you are planning a long road trip, make sure you take plenty of breaks. You want to ensure you stop and get meals, stay hydrated, and stretch your legs. If possible, change drivers to help prevent fatigue.
Get Plenty of Sleep
Lastly, get plenty of sleep before you head out on your road trip. Dozing off at the wheel is the cause of many accidents. Ensuring you get lots of sleep and pulling over to rest when needed can help you avoid this problem.
Get Insurance Coverage For Your Vehicle
If an accident does happen, you want to ensure you have an auto insurance policy that fully protects you and your car. At Abney Insurance, serving the greater Winter Garden, FL region, we can help you find the best auto insurance for your needs.
Reach out to us today to learn more.
Abney Insurance is pleased to offer commercial insurance to our business owners in the greater Winter Garden, FL area. Every business should have commercial business insurance, though the types of coverage they need can vary from business to business.
Here are a few of the ways that commercial insurance can benefit your business:
Protects Against Lawsuits
Commercial insurance can protect you against lawsuits. If someone slips and falls on your property or sues your business for breach of contract, the insurance will step in and help supplement the attorney’s fees, ensuring a lawsuit does not destroy your business.
Covers Employees Who Are Injured On the Job
Commercial insurance typically includes workers’ compensation insurance. This type of insurance policy helps to pay for lost wages, medical expenses, and monetary compensation for permanent injuries that employees may face due to injuries they sustained on the job due to accidents.
Guards Against Property Damage
Commercial insurance protects against property damage and property loss. This includes coverage for vandalism, theft, and some acts of God, such as fires.
Helps When the Unexpected Prevents You From Doing Business
Lastly, if your business has to unexpectedly shut down, commercial insurance may help to cover the lost revenue that your business would have made during those days. This typically occurs if there is a public emergency, such as a fire or earthquake, or if your building caught on fire.
Get Coverage For Your Business Today
Commercial insurance can benefit your business in a number of different ways, depending on the specific items you decide to cover with your commercial insurance policy. If you are in the market for a new policy in the greater Winter Garden, FL area, Abney Insurance would love to help. Reach out to us today to learn how to get started.
At Abney Insurance, serving the greater Winter Garden, FL area, we can help residents purchase a home insurance policy. One of the questions our customers often ask us is how frequently they should review their home insurance policy to ensure it still meets their needs. Here is the answer to that question.
After Completing a Home Renovation or Remodeling Project
After completing a home renovation or remodeling project, the home’s size, layout, and materials used in your home may change. A home insurance policy helps cover the cost of returning your home to its pre-accident state after an unexpected event occurs. Home renovation or remodeling project costs can change with the value of your home. You will want to bring it back to its pre-accident state, which means you may need more coverage.
When It Is Time to Renew Your Home Insurance Policy
Additionally, it is highly recommended that you review your home insurance policy at least once a year. Most people think about this when it is time to renew their home insurance policy. This can be a great time to review your policy and ensure it still meets your need while pricing out new policies to ensure you are paying a fair and competitive amount for the policy you currently hold.
If you have recently completed a home renovation or remodeling project, or if it is time to renew your home insurance policy, Abney Insurance, serving the greater Winter Garden, FL area, can review your home insurance policy to ensure your policy still meets your needs. Call us today to schedule an appointment.