Florida Insurance Blog

Does My Home Insurance Cover My Jewelry Collection?

If you have a homeowners insurance policy, you know it will pay to repair or replace your personal belongings if a covered event occurs. However, there are sometimes limits on expensive items, like jewelry. Knowing the rules about how your homeowner’s insurance covers jewelry and how you can ensure that your jewelry is fully covered is important.

The professionals at Morgan Insurance Services servicing Tampa, FL can help. We work with our clients to help them understand their insurance services. Here’s what you need to know. 

Does My Home Insurance Cover My Jewelry?

A standard homeowners insurance policy covers jewelry. However, there are often limits on how much a homeowners insurance policy will pay for individual items. Expensive items are vulnerable to theft; thus, your policy may limit how much money you can collect if your expensive jewelry is stolen.  

How Can I Ensure My Jewelry Is Covered?

There are ways to insure your jewelry to ensure coverage separately. You can use a floater policy to schedule your jewelry individually. These policies often provide coverage that homeowners insurance doesn’t provide. For example, a floater policy may cover a loss that occurs when you leave your jewelry in a public place or if you drop your jewelry into a sewer. 

Work with your homeowner’s insurance agent to implement a floater policy. Your agent can help you get adequate coverage for your jewelry and explain how the policy works. 

To learn more, call Morgan Insurance Services, servicing Tampa, FL, to get started with your floater policy. We’re happy to answer your questions. 

Thinking About Getting a Dog? What to Know About Pet Insurance

When you’re buying a dog, one of the things that you have to consider is how you’ll pay for their medical care. Pets need medical care just like people, and medical care can become very expensive when you don’t have pet insurance.

At Morgan Insurance Services, servicing Tampa, FL, we help homeowners find pet insurance to take care of their beloved animals. Our pet insurance policies can make medical care for your pet more affordable. 

Pet Insurance Pays for Various Types of Pet Medical Care

Pet insurance is very similar to health insurance for people. Depending on the policy parameters, pet insurance pays for various types of pet medical care. 

Some Policies Cover Accidents Only, Others Cover Illness

One of the most common types of pet insurance policies is one that covers accidental injuries only. For example, if your dog is scratched by a fence and needs stitches, the pet insurance policy may cover the medical bills related to the scratches. 

Some types of pet insurance cover accidents and illnesses. These policies are more expensive, but they can help cover illnesses that come up while your pet is insured. 

You Can Add On Wellness Care

Preventative care and wellness checks are not usually covered by pet insurance policies, but they can be covered through a policy add-on. Talk to your insurance agent if you would like to have this added to your policy. 

Shop Around

Want a pet insurance policy for your new dog? Shop around. At Morgan Insurance Services, servicing Tampa, FL, we help pet owners find the best pet insurance policies at reasonable rates. Call today. 

Why Every Renter Needs Renter’s Insurance

If you rent your home, you don’t owe the home, so you may think that renter’s insurance is unnecessary. However, renter’s insurance isn’t about the house itself- it’s about you and your protection. One reason that renters need to have this insurance is that it’s generally required by the landlord or management company. They want you to have protection so that they won’t get sued if a problem affects you. Other reasons that renters need this insurance are the many types of protection these policies give you. To start with your policy, call us at Morgan Insurance Services in Tampa, FL. 

Protection for Your Belongings

Most of what you own is likely in your rental, and these items need financial protection. If a damaging event happened to your home and your items were destroyed, you would have coverage in your renter’s policy to allow you to replace those belongings. It’s so important to have this coverage because of the high cost of replacing items. Every renter should have this essential protection. 

Protection for Your Liability

Another important type of protection you need is liability. This protects you in case someone gets injured in your home. If someone were to fall or have any other accident, you would be liable for its costs. This can include high medical bills, even when the injury isn’t serious. When you have renter’s insurance, it comes with liability coverage to keep you safer from any accidents that could happen to your guests. 

Get Renter’s Insurance Now

If you don’t have renter’s insurance, you don’t have the coverage you need for financial protection. Don’t go even a day without having this essential insurance policy. Call Morgan Insurance Services in Tampa, FL, to get started.

Does Car Insurance Cover Travel Trailers?

If you’re pulling a travel trailer behind your car, SUV, or pickup truck, you might not be sure what kind of insurance you need. You don’t own a recreational vehicle, but driving an average car is not the same. So, will your standard auto insurance cover the trailer? The answer is a bit more complicated than "yes" or "no."

Basic Coverage

Car insurance typically only provides liability coverage for travel trailers being pulled behind vehicles. This satisfies the legal insurance requirement and covers damage caused by your trailer in an accident. However, it won’t cover repairs to your travel trailer. Before embarking on your next vacation, it’s wise to contact your insurance agent to verify that your auto policy definitely supplies this kind of liability coverage. This insurance may be adequate if you have an older trailer with relatively little value.

RV Insurance

Although a travel trailer isn’t technically a recreational vehicle, you should consider obtaining this type of coverage. A separate RV policy is needed to cover damage caused to your trailer in a collision, and it may even be required. If you used financing to purchase your travel trailer, the lender might expect you to have RV coverage. Some basic RV policies don’t cover personal belongings inside the trailer, but you may add this coverage if desired.

Travel trailer owners in the Tampa, FL, area can rely on Morgan Insurance Services to provide the right coverage for their trailers and vehicles. Our experienced local staff will help you find an option that genuinely meets your specific needs, and it’s easy to contact us if you need information or assistance after getting insured. To reach the Morgan Insurance Services office near Tampa, FL, please call 813-345-2777 today.

Motorcycle Stats Everyone Should Know

Motorcycle Statistics and the Importance of Insurance Coverage

If you’re considering purchasing a motorcycle, already own one, or are simply interested in it, you may find the following stats and facts worth noting. One critical prerequisite before hitting the road on a motorcycle is ensuring that you are adequately covered by the right insurance policy. Motorcycles, though popular and fun, can also be involved in accidents. If you require aid in selecting the right motorcycle insurance, contact Morgan Insurance Services, serving Tampa, FL.

Key Motorcycle Statistics

Motorcycles have a surprisingly long history. Invented in Germany in 1885 by Gottlieb Daimler and Wilhelm Maybach, they precede cars, which were invented a year later. Today, motorcycles are immensely popular in the United States. As of January 2023, there were approximately 8.8 million registered motorcycles in the US, according to Statista. This figure represents a growth of about 1 percent from the previous year. Note that the average motorcycle gets more than 50 miles per gallon, which is significantly better than the average car.

Despite this popularity, motorcycle accidents remain a tragic reality. In recent years, accidents involving motorcycles causing injuries averaged around 80,000 per year. Although there has been a slight decline in injuries, road safety remains of utmost importance. The National Safety Council reports that while motorcycles constitute only 3% of registered vehicles on the roads, they account for 14% of traffic fatalities.

Given these facts, having the right motorcycle insurance is vital for riders. The right policy can potentially cover various areas such as property damage, medical bills, and civil suits, amongst others. It is crucial that each specific policy is reviewed thoroughly to understand what is covered and what is not. For assistance with motorcycle insurance, feel free to get in touch with Morgan Insurance Services, serving Tampa, FL.

How Umbrella Insurance Can Protect You Financially

You need all the financial protection that insurance can provide. The problem often comes when there isn’t enough coverage for something that happens. This can especially be true when it comes to medical bills. These are constantly rising, and the cost of even a non-serious injury can be incredibly high. You get a layer of liability insurance in your home and auto policies to protect you. However, this may not be as much protection as you think. If there were a severe accident or injury, the policy may not be able to pay for it all. To ensure it’s all paid, you need the protection of an umbrella policy. When you want umbrella coverage, give us a call at Morgan Insurance Services in Tampa, FL.

More Liability Coverage

An umbrella insurance policy simultaneously adds more liability coverage to your home and auto insurance policies. This means you’ll have much more of this coverage for both policies. Getting an umbrella policy is much less expensive than adding more liability protection to your home and auto policies individually. It also leaves you well-covered against several accidents that can happen. 

Accidents and Overages

If someone has an accident in your home, they may become injured. You would then have to pay for those injuries. The same is true if you cause an accident with your vehicle and someone else has injuries. After your auto or home policy has paid up to its maximum for the accident, there may be an overage of bills due. Umbrella insurance can pay those overages, so you won’t have to. 

Get Your Umbrella Policy

It would be best if you had financial protection, and umbrella insurance can help. Call us at Morgan Insurance Services in Tampa, FL.

Full-Time Travelers: Specialized Insurance Needs for Full-Time RV Living

Setting out on the journey of full-time RV living unlocks unparalleled freedom and discovery. However, ensuring proper insurance coverage is essential for a seamless and stress-free nomadic lifestyle. As you embrace this distinctive way of life, Morgan Insurance Services, catering to Tampa, FL, and its surrounding areas, is poised to assist you in navigating the crucial insurance considerations tailored specifically for full-time RV travelers.

  1. Specialized RV Insurance: Seek specialized RV insurance that caters to the unique needs of full-time travelers. Look for comprehensive coverage encompassing accidents, theft, liability, and personal belongings.

  2. Full-Time Liability Coverage: Living on the road full-time demands specific liability coverage. Ensure your policy includes coverage for liabilities arising from accidents or damages caused by your RV.

  3. Enhanced Personal Property Coverage: Tailored insurance should include enhancements for personal property within your RV. Consider coverage for valuables or specialized equipment you carry as part of your full-time lifestyle.
  4. Emergency Expenses Coverage: In the event of an accident or unforeseen circumstances that render your RV uninhabitable, having coverage for emergency expenses such as temporary housing or transportation is crucial

  5. Customized Travel Insurance: Since full-time RV living involves constant travel, consider travel insurance that complements your RV policy. This coverage might include roadside assistance, towing, and additional protection specific to travel-related risks.

Discover serenity as you journey through full-time RV life in Tampa, FL, and the surrounding regions. Explore tailored insurance solutions adept at handling the intricacies of RV living, ensuring hassle-free travel. Depend on specialized coverage designed for the unique demands of your nomadic lifestyle. Get in touch with Morgan Insurance Services today and embark on your adventures.

Four reasons why you should make some changes to your motorcycle insurance coverage

As time passes, you may need to make some changes to your motorcycle insurance policy to ensure that you’re getting coverage customized to your needs. At Morgan Insurance Services, we can offer motorcyclists in Tampa, FL coverage that is just right for their unique situation.

Here are four possible reasons why you might want to make some changes to your motorcycle insurance coverage. 

You need to add or take off coverage for another rider.

Motorcycle owners need to remember that their insurance only covers their bike when riders listed on their policy are driving. If someone else regularly uses your bike and doesn’t have their own insurance coverage, make sure they’re listed on your policy. 

You’ve bought a new bike.

Your motorcycle insurance policy is specific to the bike you ride. If you get a new bike, you must update your coverage by letting your insurance provider know your bike’s year, make, and model. 

Your riding habits have changed. 

Let your insurance provider know if you’ll be keeping your bike in storage for an extended period. You can adjust your policy to offer storage coverage only until you return your bike to the roads. 

You’ve invested in a customization to your bike. 

If you get your bike customized, this could significantly increase your bike’s value. However, your insurance policy will only cover you for the value of your bike when you first insured it.

Notify your insurance provider of any customizations so that you can get your coverage amount adjusted to cover the full value of your bike. 

Get a quote on a motorcycle insurance policy from Morgan Insurance Services by calling us today. We’re here to meet your insurance needs in Tampa, FL. 

What Exactly is Umbrella Insurance?

Umbrella insurance might be a new term to many people who are only familiar with the basic types of insurance like life, auto, renters, and homeowners. Here is an overview of umbrella insurance that can help you better understand what it is so you can purchase it if you decide it might be beneficial. 

What is Umbrella Insurance?

Also known as excess liability insurance, umbrella insurance is coverage that pays once a primary insurance plan’s limits have been reached. Umbrella insurance provides excess coverage for auto, home, and other types of insurance. For instance, if you have been sued because a newspaper delivery person slipped on your icy porch and broke their leg, then their medical bills could quickly add up costly. If their medical bills were expensive and their homeowner’s insurance was maxed out, yet there was still a balance owed, umbrella insurance would kick in and pay that money that the primary insurance didn’t pay. 

What Happens to Excess Without Umbrella Insurance?

Without umbrella insurance, if someone ever sues you for whatever reason and your regular insurance has paid the maximum amount to the victim, you’re responsible for the excess out of pocket. Since this could end up causing great financial strain, it’s always essential to have an umbrella insurance plan to accompany your other primary types of insurance, just in case. Umbrella insurance usually doesn’t cost much extra, and it can be very beneficial in case you’re ever sued and even under other circumstances. 

As you can see, umbrella insurance can be very useful. If you’re a Tampa, FL resident, and you’re considering choosing another insurance agency, Morgan Insurance Services is available to provide you with high-quality coverage. We offer umbrella insurance and any other type of coverage you might need. Give us a call or visit our office in Tampa, FL for a quote today. 


Flood Insurance and Your Mortgage: What Homebuyers Need to Know

Purchasing a home is a significant milestone in life; for many, it’s a substantial investment in Tampa, FL. When considering buying a property, especially in areas prone to flooding, understanding flood insurance and its relationship with your mortgage is crucial.

Flood Insurance: An Overview

Flood insurance is a specialized policy that covers damage to your property and belongings caused by flooding. It’s important to note that standard homeowners’ insurance policies typically do not cover flood damage, making separate flood insurance necessary. 

Flood Zones and Lender Requirements

The Federal Emergency Management Agency (FEMA) maps these zones to assess the risk of flooding in different areas. Lenders typically require flood insurance for properties in high-risk flood zones designated as Special Flood Hazard Areas (SFHAs).

Mandatory vs. Voluntary Flood Insurance

If your property is in an SFHA and you have a mortgage from a federally regulated or insured lender, you must carry flood insurance. However, even if your property is not in an SFHA, you may still consider purchasing flood insurance voluntarily, as flooding can occur outside designated high-risk zones.

How Flood Insurance Affects Your Mortgage

Here are the key points to understand:

  • Lender Requirement: If your property is in an SFHA, your lender will require you to obtain flood insurance before finalizing your mortgage.
  • Cost Considerations: The cost of flood insurance varies depending on factors such as the property’s location, the amount of coverage needed, and the insurance provider. 
  • Policy Renewal: Flood insurance policies need to be renewed annually. 
  • Coverage Adequacy: Your lender may require coverage up to the property’s replacement cost or the outstanding mortgage balance.

Morgan Insurance Services can Help You with Flood Insurance.

At Morgan Insurance Services, we can help answer questions concerning flood insurance. We serve the Tampa, FL area. Contact us today.