Floridian Choice Insurance

An H03 Policy could have protected this family. At least pay to rebuild the home and get them back to the same condition they had before this tragic incident.

There is speculation from sources that the home valued close to or over $1,000,000 was uninsured for years as it was paid for. This is a reminder to all of those people that have the train of though that when a home is paid off then you no longer have to have insurance is completely wrong and will likely put your entire life style , savings and your family at risk.

Take this example for instance the home will likely be a total loss and it will likely cost them close to 1 million to demo and rebuilt if not more in today's construction market.

If you take 1 million dollars and divide it by say $8,000 an average premium for this home it would take them 125 years of paying insurance to pay the 1 million so in the short span of real life expectancy of the homeowners their insurance expense more than was worth the investment.

My recommendation when I see cases like this is train your mind to think of insurance in two ways.

1. Think of Insurance as if it was a transfer of risk to someone else (the insurance company) because you don't have the time, the will or the money to dedicate towards handling the repair or rebuild of your home. You have better things to do. and You have better things to put your money on.

2. Insurance is not a one day feel good decision, lets go and buy a policy for whatever reason. Rather insurance is a personal decision you make to protect yourself and your family from an uncertain fate you have no control. It is doing something for the long haul. Meaning if you really want to protect yourself from the unknown then you always have to be insured and try to be insured to the highest limits that you can afford so that if you ever have a loss you don't regret not having more insurance available knowing you had the money to pay for it.

In life staying healthy, alive and surrounded by the people you love is the most amazing thing in the world but never loose track of how unprecedented events like this can change your life in a matter of seconds. How ready you are to face them depends entirely on you.

If you need professional and highly practical advise please contact me directly as I have plenty of experience and would love to learn more about you and your family's needs.

Fernando Perez
Agency Principal
Floridian Choice Insurance Group
305-857-9880
www.floridianchoice.com

Lightning Strike Sparks Fire, Destroying Longtime Home to Miami-Dade Family A lightning strike sparked a house fire Thursday afternoon in southwest Miami-Dade, causing the roof to collapse and destroying what was considered home to a family for 28 years.

PROGRESSIVE RETURNING 1 BILLION IN PREMIUM TO CUSTOMERS

Today we announced that we’re providing credits of approximately $1 billion in premium to Progressive personal auto customers as a result of fewer claims that come with less frequent driving.

Subject to approval by state regulators, Progressive personal auto customers who have a policy in force as of April 30 will be credited 20% of their April premiums in May and personal auto customers with a policy in force as of May 31 will be credited 20% of their May premiums in June. We estimate that the sum of these two credits will total approximately $1 billion. We may offer additional credits in the upcoming months.

Customers will not need to take any actions to receive the benefits. The credits will be applied automatically to the customer’s policy and those customers who have paid in full will receive a payment of the credited amounts. Please be assured that this action will not affect commission payments. Customers will see it reflected in their accounts within a few weeks after month end.
If they have a balance on the policy, we’ll apply the credit directly to the remaining balance. And if they’ve already paid in full, we’ll return the money to the payment account we have on file—please make sure your customers’ payment details are up to date.

Progressive CEO Tricia Griffith explained, “We understand how difficult and uncertain people’s lives are right now. While auto insurance might not be the most pressing topic on everyone’s mind, we know that finances could be. For our customers who have trusted us to be there in their times of need, we’re fulfilling that promise. We want them to know how much we care. Always guided by our core values, doing the right thing is vitally important to us. We know that by sticking together and taking care of one another during these difficult times, we’ll come through this stronger. We want our current customers to remain our future customers.”

We’ll continue to monitor the effects of the coronavirus situation and share updates as needed as we look for additional ways to help agents, customers, and our communities move forward. In fact, we’re finalizing plans on a number of initiatives designed to help you, our agent partners, during this time—look for additional information next week.

Floridian Choice Insurance
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