If you’re a Longwood, FL condo owner (or plan on becoming one soon), choosing the right condo insurance is naturally necessary. But are there advantages to bundling your condo policy with other types of insurance?

At Express Insurance, we can help you unpack all your options for a decision you’ll be happy with. But in the meantime, here’s a look at some helpful information.

Why is condo insurance important?

Condo insurance is specifically tailored to the needs of condo owners, covering many of the grey areas standard homeowners insurance doesn’t. Most policies cover the structure of your condo (walls, floors, etc.) and much of your personal property. Condo insurance also covers you should anyone ever sustain injuries or property damage while at your condo.

Why bundle condo insurance with other policies?

Like most people, you probably carry more than one type of insurance – for example, homeowners or condo insurance plus auto and life insurance. Bundling your condo insurance with other policies brings benefits like the following.

Save time and money

Everyone is looking for ways to save as much money as possible regarding the essentials in life, insurance included. Bundling your condo insurance with other policies could save you a small fortune, especially when covering personal property and valuables you keep at home.

It also takes a lot of confusion and guesswork out of the process of updating, renewing, or managing your policies.

Streamline your claims

No Longwood, FL condo insurance policyholder ever wants to file a claim – especially one involving a natural disaster or another significant occurrence affecting their condo and personal property. But if the unthinkable ever happens, having your policies bundled under one provider can make the process easier, faster, and much less of a headache all around.

Contact a representative from Express Insurance today, and let us help you pinpoint the best way to bundle your ideal condo policy with other policies you may need! We’d love to help you protect what’s most important to you.

Export credit insurance is vital since it safeguards the receivable accounts of a company in foreign business. The insurance covers any business doing exports such that if a customer defaults because of issues like commercial or political risks, the company is compensated for a certain percentage of its invoice. Therefore, export credit insurance from Express Insurance empowers exporters and helps them grow and easily manage their businesses. Here is how our export credit insurance benefits any exporter in Longwood, FL. 

Five Advantages of Export Credit Insurance

Boost Sales

This insurance is like a safety net that allows you to venture into more opportunities and make more sales. You can allow customers to buy on credit or increase your credit line without issues.

Expand to New Markets

As long as you are protected with export credit insurance from Express Insurance, it is safer, and you become more comfortable investing in new markets. You confidently know that your business will be compensated with up to 90% of your invoice should your customer default.

Access More Financing 

Another great thing about having this insurance is that banks and other financial institutions in Longwood, FL, will be more than willing to lend you against your account receivables. This is because of the kind of backup you come with when borrowing finances.

More Tax Benefits

You need to know that the premiums you pay for export credit insurance are tax deductible. Therefore, when you purchase export credit insurance from Express Insurance, you enjoy more tax benefits than you can with any other kind of insurance. 

Proper Credit Management 

There is a lot to handle in the export business, so you may lack time to manage credit risks. The best thing about export credit insurance is that it offers credit management benefits by assessing buyers and collecting receivables. 

Key Takeaways

These are the benefits that come with export credit insurance. If you need support for your business, regardless of size, contact us for help. We offer insurance backup in Longwood, FL, to keep your export business safe from any financial risks to increase your international sales.

Investing in commercial insurance is one of the most important things to ensure your business stands the test of time. Purchasing the right insurance means your employees, business assets, and other facets of your business are well-covered. However, it’s worth noting that your commercial insurance doesn’t cover all business risks. Express Insurance in Longwood, FL highlights common risks not covered by business insurance.

Flooding

While commercial insurance covers some types of water damage, it excludes overland flooding. The good news is that you can protect your business against floods by investing in flood insurance from NFIP or private insurance companies. Flood insurance covers damage to your business premises and the contents inside.

Earthquakes

Most business insurance policies exclude damage caused by sinkholes, landslides, and other movements. Such calamities can affect many businesses, leading to significant losses during compensation. Most insurance companies don’t want to provide blanket coverage. The good news is that you can purchase earthquake insurance to protect your business against earth movement.

Damage caused by maintenance issues

Has your business premise been ravaged by mold or pest infestation? Are your business computers acting up because of delayed servicing? You can’t claim damage resulting from poor maintenance from your insurer. Your insurance company expects you to maintain your assets, excluding related damage from your policy.

Commercial auto damage

While you may have commercial property insurance, you should know it doesn’t cover damage to your commercial vehicles. However, you can protect your business vehicles by investing in commercial auto insurance. This insurance policy protects your vehicle and its occupants when accidents occur.

Protect your business with commercial insurance

Would you like to learn more about your business insurance? Looking for affordable commercial insurance in Longwood, FL? Please get in touch with Express Insurance for all your commercial insurance solutions.  

If you’re a business owner in Longwood, FL, you know that protecting your company is essential. And if you’re looking for reliable and affordable protection, Express Insurance is the right choice. We offer umbrella insurance policies to help safeguard your business from potential liability claims. But how can umbrella insurance help protect your business?

Umbrella Insurance Defined

Umbrella insurance is a type of liability insurance that provides additional protection for your business. It kicks in when the limits on your other liability policies have been reached. So, if you’re ever faced with a large claim or lawsuit, umbrella insurance can help cover the costs.

Why You Need Umbrella Insurance

There are many reasons why you need umbrella insurance for your business. For one, it can help protect your assets. If you’re sued, legal defense costs can quickly add up. And if you’re found liable, you could be on the hook for any damages awarded to the plaintiff. That’s why having umbrella insurance is so important. It can help cover the costs of a legal defense and any damages you may be liable for.

If you own rental property, you need umbrella insurance to help protect yourself from any potential liability claims. Rental property owners are often sued for things like slips and falls or other injuries on their property. If you’re found liable, you could be responsible for the injured party’s medical bills and other damages.

Finally, if you have any employees, you need umbrella insurance to help protect yourself from potential liability claims. Employees can sue their employers for wrongful termination, discrimination, and sexual harassment.

If you’re looking for reliable and affordable umbrella insurance, contact Express Insurance in Longwood, FL, today. We’ll be happy to help you find the right policy for your business.

When you rent your home, you don’t need to get home insurance. That coverage is for the home’s owner to carry. However, you do need to have renters’ insurance. This works very differently from home insurance in some ways, but it also includes similar coverage types. If you are a renter and in need of renters’ insurance, call us at Express Insurance in Longwood, FL.

It Protects Your Belongings

Like home insurance, renters’ insurance comes with coverage for all of your belongings inside your home. It protects them against covered incidents like inevitable accidents, calamities, and disasters. When a covered incident happens, and your belongings are ruined, the policy can pay for them so that they can be replaced. It’s important to have this coverage to protect what you own so that you aren’t left with anything after a significant incident that ruins your possessions. 

It Protects Your Liability

Even though you aren’t the property owner, you are still responsible for what occurs there. If someone were to come into your rental and have an accident that left them with injuries, you could be liable for paying for those injuries. With renters’ insurance, the policy would pay for those injuries so that you wouldn’t have to. 

It Protects Your Quality of Life

If an event should significantly damage your rented home, your renters’ insurance can pay for you to live elsewhere for the duration of the repairs. This is important for those who can’t afford to find a temporary home while theirs is being repaired. 

Get Your Renters’ Insurance Policy

If you are renting, it’s always essential to have renters’ insurance. Most landlords today even require it. Call Express Insurance in Longwood, FL to get started with a policy.

     

Homeowners insurance covers your residence and its contents, such as furniture, electronics, and collectibles. Every homeowner needs to have insurance. Condo residents are covered under the same condo insurance policies as the other residents in the building. You may have a specific policy for your property inside.

Some building management companies provide a package of insurance coverage for the building, including condo insurance for the residents. For expert advice in Longwood, FL, contact Express Insurance. 

How Condo and Homeowners Insurance Vary 

Condo owners usually buy condo insurance to protect their investment, while homeowners insurance protects your primary residence. Condo owners may purchase landlord’s insurance to protect against damage or loss to the building caused by tenants, guests, or other third parties. 

Some condos may also come with built-in coverage like building warranties or maintenance contracts. While everyone should have insurance, not everyone needs or can afford homeowners insurance. For example, if you own your home outright, have enough savings to cover any repairs, or have significant home equity, you do not need to purchase homeowners insurance. 

You are responsible for your home, its contents, and any belongings in the home and can protect yourself from financial ruin by putting your home in an irrevocable trust with a family member or close friend. 

The cost of homeowners insurance can vary greatly depending on several factors, including where you live, your credit history, and your risk factors. Reducing your risk factors may help you qualify for a cheaper policy. For example, staying current on your mortgage and reducing your debt may reduce your risk factors and result in a lower-cost homeowners policy. 

To protect your investment in the building, condo owners may purchase strata insurance. Condo owners may purchase coverage for the unit itself, the structure, the common areas, and the personal property inside the unit. 

While condo owners may feel an affinity for their community-based counterparts, there are significant differences between the two types of coverage. In most cases, condo owners can’t use their homeowner’s insurance to cover their condo. 

Homeowners’ insurance only covers the value of your home, while condo insurance covers your belongings inside and outside of the unit. Condo owners typically purchase a policy that covers their unit (or "unit-owner"), not the building. Homeowners insurance typically covers your home and its contents (e.g., furnishings, personal belongings, etc.). 

Ending Words 

Condo insurance provides coverage for things typical of a condo, like a swimming pool, or a common area, like a lobby or parking garage. It may also include coverage for a unit if it is deemed a common area. 

On the other hand, besides covering your home & possessions, homeowners insurance also covers your household. Consult Express Insurance in Longwood, FL, with your inquiries.