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1836 Hermitage Blvd, Suite 100
Tallahassee, FL 32308

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How Does Condo Insurance Differ from Home Insurance?

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Estimates indicate that there are about 1.5 million condos in the Sunshine State. These housing units are available in multiple sizes and price points, making it easy for anyone looking for a great place to live to find the perfect spot. Even so, Florida is vulnerable to severe weather, and it’s important to ensure you understand what your condo’s insurance policy does and doesn’t cover.

Condo Insurance vs. Home Insurance

Condo associations in Tallahassee, FL, typically purchase a master insurance policy that covers the entire exterior of the home. This includes outdoor structures such as a pool, fence, or detached garage. It also includes indoor structures attached to the walls of the house, such as kitchen cabinets, a furnace, and an HVAC unit. The cost of such a policy is usually included in the association fees.

Condo insurance covers the interior of your home and your personal belongings. It may also provide liability coverage if someone has an accident inside the house. However, there are a few limits that you’ll want to be aware of. First, if you upgrade the interior of your home, you’ll need to notify your insurance company so it can update your policy. Second, condo insurance doesn’t offer unlimited compensation for personal belongings, so you’ll need additional coverage if you own expensive heirlooms or antiques.

Contact Fuqua Insurance Agency for More Information

Fuqua Insurance Agency specializes in helping Tallahassee, FL, condo owners sift through condo insurance options to find the policy that’s the best fit for their personal situation. Contact us to learn more about our policies or to get a quote on the policy of your choice.

Is Term or Whole Life Insurance Better for Tallahassee Residents?

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In the guide below, Fuqua Insurance Agency explores whether term or whole life insurance is better for Tallahassee, FL, residents.

Term Life Insurance

Term life insurance is one of the most affordable options that covers policyholders for designated periods. This form of insurance is typically more affordable than whole life insurance policies, and it offers no cash value for policyholders.

Whole Life Insurance

If you’re seeking true lifetime coverage and cash value benefits, then a whole life insurance policy could be your best option. Whole life insurance policies that last for a lifetime are typically more expensive than term-based life insurance policies that expire after designated periods.

Differences Between Term and Whole Life Insurance

A primary difference between term and whole life insurance policies is that term policies expire, while whole life insurance policies do not. Term policies can be renewed at the end of their expiration period, whereas whole life insurance policies never run out unless the policy is canceled.

How to Choose Between Whole Life and Term Life Insurance in Tallahassee

The best way to choose between short-term and long-term life insurance policies is to assess your income, financial responsibilities, and goals for surviving family members who would be affected by your death.

Talk to a knowledgeable life insurance agent to get a clear assessment of the best options for your unique lifestyle, budget, and life insurance expectations. An agent can answer your questions and provide you with a variety of policies to meet your needs.

Take the first steps towards protecting your home and family today – Contact Fuqua Insurance Agency in Tallahassee, FL to request a term or whole life insurance quote today!

Essential Condo Insurance Tips for First-Time Condo Owners in Tallahassee

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The first step to successful condo ownership is to know the rules and regulations required for your new condo association.

The following are a few tips from Fuqua Insurance Agency to help keep your new condo safe! 

Be Prepared to Cover Expenses for Maintenance and Repairs 

There’s nothing more satisfying than kicking your feet up in your new home, knowing that your financial interests are fully protected from unexpected havoc, which includes some of the following potential incidents.  

  • Water Damage: Flooding from natural disasters, hurricanes, storms, or busted pipes can cause significant damage to your unit. 
  • Fire Damage: Condo fires can result in the loss of personal property and additional living expenses, which could be covered by the right insurance. 
  • Theft: Burglaries and break-ins can leave new condo owners in despair without the added protection of comprehensive condo insurance on their side. 
  • Wind Damage: Hurricanes, tornadoes, and high winds can cause structural damage, broken windows, and roof damage. 
  • Hail Damage: Protect your unit from hail damage that can injure your condo’s roof, siding, and exterior components. 

Get Condo Insurance to Protect Your Investment 

What steps will you take to protect your most expensive investment?

Forward-thinking condo owners invest in comprehensive condo insurance to protect their condos and assets in the event of a natural disaster, break-in, or other covered incident that would typically result in high repair or replacement costs. 

Talk to a trusted local insurance agent at the Fuqua Insurance Agency in Tallahassee, FL, to learn more about condo insurance coverage available to Florida homeowners. 

When you contact our offices in Tallahassee, FL, today, our professional team will work with you to provide advice, answer your insurance-related questions, and provide a customized quote for condominium insurance! 

We Remodeled Our Home. Should I Update My Home Insurance?

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Home remodeling can be a fulfilling endeavor, but it also introduces certain risks. The probability of mishaps amplifies while the labor is in progress, and your fiscal risks burgeon once the operation is complete. Therefore, it is advisable to discuss your remodeling ambitions with your insurance agent before initiating work. For those in or around Tallahassee, FL, consider partnering with our Fuqua Insurance Agency team for your insurance requirements.

Remodeling and Renovating Introduces Insurance Risks

We secure home insurance to provide financial defense against damage from fire, theft, vandalism, or other occurrences on our property. However, it’s critical to recognize that your risks spike during the home enhancement process. Remodeling could involve workers on-site, lead to the accumulation of valuable materials and tools on the property, and may involve work on electrical, plumbing, and other systems – each potentially causing damage if errors ensue. Given the heightened risks, insurance policies usually require homeowners to inform their agents before starting a remodeling project.

Upon completion, renovations often augment the home’s value due to increased floor space, modern kitchen cabinetry and appliances, and other potential improvements. Adding a pool or hot tub presents new risks, while improvements to electrical and heating systems may reduce hazards. No matter your proposed modifications, consult your agent before initiating the project to ensure complete coverage during and post-project.

Securing Protection with Fuqua Insurance Agency

A remodeled home represents a substantial emotional and financial investment, thereby necessitating protection against loss during and post-renovation. If you reside in or near Tallahassee, FL, consider collaborating with our Fuqua Insurance Agency team to attain the protection you need. Drop by or give us a call today at (704) 332-0011 to book an appointment.

Boat Insurance: The Key to Protecting Your Vessel and Your Finances

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Owning a Boat: A Major Financial Responsibility

Owning a boat is a major financial responsibility. While it may be worthwhile, the reality is that too many new boat owners enter the situation completely unaware of the financial demand they’re about to encounter. Moreover, they often forget one crucial element of protecting their boat and themselves: boat insurance. Here’s why boat insurance is the key to protecting your vessel and finances. Knowing how to safeguard your boat with the team’s help here at Fuqua Insurance Agency in Tallahassee, FL is also important.

Why Should You Get Boat Insurance? It May Just Protect Your Financial Future

Boats are resource-intensive crafts. They cost you tens of thousands of dollars, if not hundreds of thousands, to purchase. On top of that, it can cost several hundred dollars a month to maintain your boat, in addition to the hundreds or even thousands of dollars it costs to dock your boat. This is already a major financial commitment. But what happens if you happen to get into an accident? You may not only have to replace or repair your boat but also foot the bill for someone else’s boat repairs and possibly pay for their injuries. The reality is that, much like a vehicle, boat insurance serves as a major form of financial protection that helps reduce the economic burden of such a large investment. By having boat insurance, you ensure you have the coverage to navigate any challenges, so you’re not investing substantially more money into a craft that has been involved in a minor or catastrophic incident.

Find Boat Insurance With Fuqua Insurance Agency

At Fuqua Insurance Agency in Tallahassee, FL, we make it easy to compare quotes to find the optimal insurance for your needs. Compare boat insurance quotes with us today, or contact us with any questions you may need help with!

What is the Impact of Driving History on Auto Insurance Costs?

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It is crucial to have auto insurance as a car owner in the Tallahassee, FL, area. As an insured driver, you will want to understand what influences your premiums and auto insurance costs. Your driving history is one major factor affecting your insurance costs in several ways.

Accident History

If you’ve been involved in numerous accidents in the past that resulted in high insurance claims to cover damages, this could significantly increase your insurance costs. Therefore, a history of accidents makes your insurance more expensive.

Traffic Incidents

Your history of moving violations impacts your insurance costs, too. A record of infractions such as speeding tickets, running red lights, or other minor violations can affect your insurance prices. Insurance providers often view these infractions as risky, potentially leading to more claims in the future.

Length of Driving History

Your driving history’s length also impacts your insurance rates. Even if your record is spotless, you could face higher costs if your driving history is short, implying less experience. This is why teen drivers often encounter higher costs, which reduce over time.

It’s always beneficial for individuals in the Tallahassee, FL, area to evaluate their insurance needs and options. While shopping for a new plan, consider reaching out to Fuqua Insurance Agency. We can provide the guidance you need to build a fair plan that protects both you and your vehicle.

Discover The Different Types of Umbrella Insurance

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When you hear the term “umbrella insurance,” you often think it covers many issues. If that was your assumption, then you’re correct. However, umbrella insurance is designed to help those who need very specific instances of coverage. If you’re unsure what umbrella insurance you need, contacting our Fuqua Insurance Agency in Tallahassee, FL, is a must.

What Does Umbrella Insurance Cover?

Umbrella insurance covers a wide variety of instances. For example, many policies will include property damage, bodily injury, landlord liability, and more. However, some policies, such as defamation, intentional harm, business insurance, and even travel insurance, can be added. Beyond that, if you can think of something you need to cover, there is a plan for it.

How Do You Know If You Need Umbrella Insurance?

You may need umbrella insurance if you’re looking to have multiple types of coverage. By combining it with umbrella insurance, you can pay a premium that is representative of the services you need. That said, it can also be a better way to ensure you have everything necessary for your lifestyle or business.

If you’re having trouble knowing what you need to be covered, it’s a good idea to contact an agency such as ours for ideas of what we can cover. That can help you get the perfect plan for your needs without wasting money. 

How Can We Help?

We can help at the Fuqua Insurance Agency in Tallahassee, FL by introducing you to our different plans. Our agency can help get you the right plan for your needs. Hopefully, this has helped you.

Carpet or Hard Flooring in Tallahassee?

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If you’re about to replace your flooring, this is a great time to look at other types and see if you want to switch. For example, do you want to switch to laminate or hardwood if you have carpeting now? And if you have a hard floor, do you want to install carpet instead? Your choice is more than just aesthetic, however. The type of flooring you install needs to be something that will handle moisture in a way that’s easy for you to clean up and that does not lead to more damage. Fuqua Insurance Agency in Tallahassee, FL, has some tips to consider.

Stains, Mold, and Rot, Oh My!

Different flooring fares differently in various types of water damage situations. A luxury vinyl tile floor may do just fine if you spill some coffee on it, but it’s not going to do well if you have a hot water leak that floods the floor; the heat can make the adhesive on the tiles fail. The carpet doesn’t do well if you spill some coffee unless the carpet has a really good stain-resistant layer. But the carpet may actually fare OK if hot water floods it because you may be able to dry out the carpet and replace the padding, along with drying out the underlayer and wall.

You can go back and forth with several examples, and it can take some time to research the best sub-type of each flooring material. But if you can do that and then determine which type is going to be the easiest for you to care for and fix, then you can have flooring installed that will last a long time. Give Fuqua Insurance Agency in Tallahassee, FL, a call to discuss coverage to help you pay for repairs should the flooring suffer damage from a source you couldn’t control.

Is Luxury Condo Insurance Different From a Regular Policy?

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Owning a luxury condo in Tallahassee, FL, has many perks, including 24-hour security, high-end amenities, and more. However, how do you protect the contents inside your unit? Do you need coverage that goes beyond the ordinary condo insurance policy? The answer is yes, you do. If you are wondering what to do, the professionals at Fuqua Insurance Agency can recommend the appropriate coverage for your situation.

The Differences in Insuring a Luxury Condo

While you may know the difference between insuring a luxury single-family home and a dodo, the two are the same yet different. The most obvious difference is that you don’t have to worry about the exterior structure of the building where your unit is located. The condo HOA, or homeowner’s association, will take care of insurance for your building, its exterior walls, and roof. However, you are still responsible for the interior contents, so you want to ensure you have the best coverage.

Ask for Coverage that Fits Your Needs

For most condo owners, a standard insurance policy will fit your needs. However, if your unit is worth between $750,000 and $1 million or more, you may qualify for high-end renter’s insurance if your condo meets that value. Like renter’s insurance, luxury condo renters should attempt to find a policy with superior coverage limits beyond what you can get with a standard policy. You’ll want to ensure your coverage reaches sufficient replacement costs for losses.

When you need to consider luxury condo insurance for your residence, contact the experts at Fuqua Insurance Agency, serving Tallahassee, FL, and its environs. Our staff will do what it takes to write a condo policy that fits your needs. Call us to schedule an initial consultation to discuss your needs.

Life Insurance – Calculate Your Final Expenses

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Your life insurance policy will pay for your final expenses. Use the following guidelines to help you estimate the cost of your final expenses. Then, contact an agent who serves Tallahassee, FL, to inquire about life insurance products.

Debts and Current Bills

Your insurance coverage can be used to pay off debts and bills that you are currently responsible for. Assess your finances. This assessment should include determining how much money you owe creditors.

Remember that once you pass away, your living heirs will need to pay off the debts and any bills you are currently handling. Prepare a list of all the expenses. The information may help you when you are comparing different life insurance products.

Medical Expenses

Your insurance policy can be used to pay for recurring medical expenses. Your health insurance plan will not cover these expenses. If you have a chronic medical condition, assess the likelihood of seeking additional medical services in the future. Keep track of how much you will be responsible for paying.

Memorial and Burial Expenses

It is a good idea to choose the manner in which you would like your memorial to be set up. This will prevent any confusion if you accidentally pass away.

Prepare a list that outlines the funeral home where you would like the funeral to be held. Choose an urn or casket that will be used to store your remains. Calculate the cost of each memorial and burial product that interests you.

Contact Fuqua Insurance Agency

Contact a Fuqua Insurance Agency representative at a convenient time. The agent will inform you about some life insurance products that may interest you.

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