Although home insurance is not required by law, various mortgage lenders ask that you own it before signing off on your loan. Homeowners insurance is designed to cover the expenses of repair or replacement if your house or assets are lost, damaged or destroyed in the event of a covered incident. Covered incidents typically include fire, windstorms, severe weather, theft and vandalism. Flood and earthquake policies have to be purchased separately.
In the state of Florida, you’re required to own auto liability insurance, which covers the damages to others resulting from an accident that was your fault. However, given the price tag of vehicles and medical bills, the state requirements may not be enough to cover all of the damages. Bear in mind, liability coverage will not cover your own injuries or property damage; it only assists your responsibility to third parties. Florida's minimum coverage is $10,000 personal injury protection (PIP) and $10,000 property damage liability (PDL) as long as you have a valid Florida license plate. Contact an agent for more details about Florida's liability requirements and how to get more broad coverage by adding collision, comprehensive, medical payments, uninsured motorist etc. to your car insurance policy.
What kinds of health insurance are there?
There are essentially two kinds of heath insurance: Fee-for-Service and Managed Care. Although these plans differ, they both cover an array of medical, surgical and hospital expenses. Most cover prescription drugs and some also offer dental coverage.
These plans generally assume that the medical professional will be paid a fee for each service provided to the patient. Patients are seen by a doctor of their choice and the claim is filed by either the medical provider or the patient.
- Managed Care
More than half of all Americans have some kind of managed-care plan1. Various plans work differently and can include: health maintenance organizations (HM0s), preferred provider organizations (PPOs) and point-of-service (POS) plans. These plans provide comprehensive health services to their members and offer financial incentives to patients who use the providers in the plan.
About R.V. Johnson Insurance
R. V. Johnson is an independent insurance agency assisting West Palm Beach and the surrounding cities. Our goal is to find you the right policies, worry-free. Call our office at 772-287-3366 or fill in an online form for a West Palm Beach home insurance quote.