Print this checklist
Auto insurance Florida requires Personal Injury Protection (PIP) and Property Damage Liability, $10,000 each. Ask whether those minimums are enough for you. Bodily injury liability. Florida does not require it for most drivers, but it protects your savings if you injure someone. Uninsured and underinsured motorist coverage. Comprehensive and collision, and a deductible you could pay tomorrow. Rental reimbursement and roadside assistance. Every driver in your household is listed. Gap coverage if your car is financed or leased. Discounts: bundling, safe driver, paid in full, good student.
Home, condo and renters insurance Dwelling coverage based on the cost to rebuild, not the market price of the home. Your hurricane deductible: what percentage, and the dollar amount that equals. Flood insurance. Standard home policies do not cover flood, and new flood policies usually have a waiting period. Personal property at replacement cost instead of actual cash value. Liability limits, plus an umbrella policy if you have significant assets. Loss of use: pays for living expenses if you cannot stay in your home. Extra coverage for jewelry, art or other valuables. A wind mitigation inspection, which can lower your premium in Florida. Roof age and a 4-point inspection for older homes.
Health insurance Your doctors and hospitals are in the plan’s network. Your prescriptions are covered. The deductible and the out-of-pocket maximum. Whether you qualify for savings on the ACA Marketplace. Open enrollment dates, or a qualifying life event for a special enrollment period. Dental and vision coverage.
Business insurance General liability for injuries and property damage claims. Coverage for your building, equipment and inventory. Workers’ compensation rules for your industry and number of employees. Commercial auto for any vehicle used for the business. Professional liability if you give advice or services. Certificates of insurance your clients or landlord require. A yearly review as your business grows. For education only. This is not a quote, an offer of coverage or a recommendation. Coverage, deductibles and rules vary by carrier and policy. Talk to a licensed agent about your situation.