Contact Us

Find the Best & Cheapest Auto Insurance Orlando, FL – FREE QUOTES

Find the Best & Cheapest Auto Insurance Orlando, FL – FREE QUOTES

Let us compare multiple car insurance companies for you!

To find the cheapest auto insurance for you, and let us get started getting quotes from companies in your area for you to compare. It’s free!

free  cheap auto insurance quotes  orlando  fl - Find the Best & Cheapest Auto Insurance Orlando, FL - FREE QUOTES Orlando FL

TYPES OF CAR INSURANCE COVERAGE

There are six different types of car insurance coverage. Some types may be required, depending on the laws in your states. Other types may be optional, but offer a greater degree of protection from financial and other liability.

  • Bodily injury liability: covers injury the policy may cause to another person during a motor vehicle accident
  • Medical payments / Personal Injury Protection (PIP): covers the treatment of injury to both driver and passenger(s) in the policyholder’s vehicle
  • Property damage liability: covers damages the policyholder causes to another person’s property
  • Collision: covers damages to the policyholder’s car in the case of a traffic collision
  • Comprehensive: covers damage to the policyholder’s vehicle other than resulting from a traffic collision (for example, damage from fire, explosions, earthquakes, floods, and riots), as well as theft of the vehicle
  • Uninsured motorists coverage: covers costs relating to a traffic collision defined as a hit-and-run or involving another driver who does not have auto insurance

For more information about the different auto insurance coverage in Florida,  check out the state’s Highway Safety and Motor Vehicle Department 

At SunGate Insurance Agency, our goal is to provide you with the right auto insurance policy to meet the legal requirements of your state and to offer you and your family peace of mind! Contact us today find the policy that works for you!  Contact Us: (407) 878-7979

What is Florida Medicare Supplement Insurance? 

Florida Medicare Supplement Insurance

Florida Medicare Supplement Insurance 300x255 - What is Florida Medicare Supplement Insurance?  Orlando FLAll Americans over the age of 65 are eligible for the US Government’s healthcare plan known as Medicare. Also called “Original Medicare”, this program ensures that recipients have most of the coverage they need to cover the cost of medical care, including hospital care (Medicare Part A), doctor visits, medical procedures, and use of medical equipment (Medicare Part B), and prescription drugs (Medicare Part D). While Original Medicare sounds pretty good when described in this way, the truth is Original Medicare has significant gaps—mostly in the form of high deductibles, large co-pays, and limits on coverage—that can result in large out-of-pocket expenses.  

Medicare Supplement Insurance is a type of private insurance policy that anyone over the age of 65 can purchase in addition to their Original Medicare plan. Also called Medigap Insurance, Medicare Supplemental Insurance is designed to help minimize out-of-pocket expenses by offering additional coverages that supplement the basic Medicare plan. It is important to note that Medicare Supplemental Insurance is not a stand-alone insurance policy; to be eligible, you must already be enrolled in Original Medicare. It is also important to distinguish between Medigap Insurance and Medicare Advantage (Part C), which can be purchased as a stand-alone policy. When considering private supplemental options, you will need to choose between Medigap and Medicare Advantage; in fact, it is illegal for an insurance company to sell you both types.   

When Can I Purchase a Medicare Supplemental Insurance Policy? 

As you approach your 65th birthday, you should contact the Social Security Administration in order to determine your Medicare eligibility and confirm your Medicare benefits. Once you have confirmed your eligibility and benefits, you can enroll in Medicare (Part A and Part B, or only Part B) by visiting https://www.ssa.gov/benefits/medicare/ or calling 800-772- 1213. Once you have confirmed your enrollment in Medicare, you can then enroll in Medicare Part D (prescription drug coverage) and the Medical Supplemental Insurance plan of your choice. 

Your Medigap Open Enrollment period lasts for six months, starting on the first day that you are both 65 (or older) and already enrolled in Medicare Part B. This is a critical window during which time you can’t be denied coverage or subject to increased rates due to pre-existing conditions or other restrictions. Once this 6-month window closes, these rules no longer apply and you can be denied Medigap coverage or charged more for a policy.  

What do Medigap Plans in Florida Cover? 

There are 10—that’s right, 10!—standard Medicare Supplemental Insurance plans currently available to Florida residents: A, B, C, D, F, G, K, L, M, and N. The best plan for you depends on: 

  • Where you live in Florida: not all plans are available everywhere across the state. 
  • Your eligibility: some plans are being phased out and are no longer available as of 2020. 
  • Your needs: each plan offers a different level of coverage, from 100% comprehensive to basic gap coverage. Obviously, more comprehensive plans will cost more, so the plan you select will reflect both your medical needs (how much coverage you think you will want) and your budget (what monthly premiums can you afford).   

Starting in 2020, the most comprehensive plan will be Plan G. Prior to the end of 2019, the most comprehensive and most popular plan was Plan F; while Plan F will—at this time—continue to be available for those individuals who have already purchased it, it is no longer available as of January 2020. However, Plan G covers everything that Plan F covered with the exception of any deductibles stemming from Medicare Part B.  

It is important to note that in Florida, new Medigap insurance plans do not cover prescription drugs (individuals who enrolled in previous plan formulations may still have this coverage, but it is no longer sold). Therefore, most insurance experts agree that if you anticipate requiring prescriptions as you age, you should also purchase Medicare Part D during your Open Enrollment window.  

Get a free insurance quote - What is Florida Medicare Supplement Insurance?  Orlando FL
GET A FREE INSURANCE QUOTE

Contact SunGate Insurance Agency today learn more about the type of insurance you need. Click here to contact us or call (407) 878-7979.

SunGate Insurance Agency Coverage
Home InsuranceAuto InsuranceHealth InsuranceGroup InsuranceProperty InsuranceRV InsuranceRenters InsuranceEvent InsuranceInsurance BondsLife InsuranceBusiness InsuranceWorkers CompFlood InsuranceUmbrella Insurance and more!

Located in Lake Mary, Florida (serving clients Nationwide and locally in Orlando, Maitland, Heathrow, Longwood, Windermere, Kissimmee, Orange County, Seminole County and surrounding Central Florida areas.

How to Choose the Best Group Health Insurance Plan   

Choosing the Best Group Health Insurance for Your Business: A Guide 

best group health insurance 1024x682 - How to Choose the Best Group Health Insurance Plan     Orlando FLThe decision to offer your employees group health insurance can be a difficult one. Especially for small businesses, it’s easy to be nervous about the potential costs eating away at your already-slim profit margins. Moreover, choosing and administering a group health insurance plan often requires employee resources that may be in short supply, especially for small businesses.  

At the same time, however, providing group health insurance to your employees offers a number of significant benefits that may be difficult to quantify but easily tip the scale in the cost/benefit analysis. Most significantly, multiple studies have demonstrated that businesses which offer group health insurance have a distinct advantage over those that don’t—especially in today’s tight labor market—because they find it significantly easier to compete for—and retain—high-quality employees 

The key, therefore, is finding a way to have the best of both worlds: offering a high-quality group health plan that will make your employees happy but that won’t break the budget. And the good news is that this is possible! An independent insurance agency like Sungate Insurance Agency can help you understand what to look for in a group health plan, compare the various alternatives available today, and select a plan that is right for your business.    

5 Steps to Take When Shopping for Group Health Coverage 

Determine whether your business qualifies for group coverage. 

Mostly an issue for small businesses of 50 employees or less, it’s important to know whether your business can qualify for a group health plan as determined by state and federal law. Two of the most critical variables include (1) number of employees, usually categorized as less than 2, 2-50, or 50+, and (2) type of employees who can/will receive benefits: full-time, part-time, and contract workers.  

Decide which employees are eligible for benefits. 

If you employ different types of workers, including full-time, part-time, and/or contract employees, you may be able to choose which of these employees you want to include in your benefits package, depending on federal and state law. Many employers choose to offer health benefits only to full-time employees; however, offering health benefits to part-time and contract workers can be beneficial as well, because it can (1) help you qualify for better plan options; (2) decrease costs for all your employees (especially if your part-time employees tend to be younger); and (3) help you qualify for tax benefits. 

Develop a strategy for maximizing employee participation. 

Generally speaking, most state laws require that a minimum of 70% of full-time employees participate in the group health plan or have a valid exemption (usually existing coverage through a spouse or Medicare). When comparing group health plans, you should take into account not only what you will have to pay, but also what your employees will have to pay: a plan that costs you less but involves limits on coverage and high deductibles for your employees may discourage your employees from taking advantage of this benefit.   

Gather company details that insurers will require to put together quotes. 

In order to prepare an accurate and reasonable quote for group health, insurance companies will require that you provide a minimum amount of information about your company including (for example):  

  • Business name 
  • Physical address 
  • Start date (how long the company has been in business) 
  • Tax ID 
  • SIC Industry Code 
  • Payroll records 
  • Employee census (names, ages, addresses, and number of dependents) 
Understand and compare your options. 

Understanding the details of each type of group health insurance, and choosing the right type for your business and your employees, is probably the most difficult part of the process. HMOs, PPOs, POSs, EPOs: each type of plan has benefits as well as drawbacks. While cost is obviously an important factor, you will also want to consider each plan’s coverage flexibility, deductibles, and caps or limits on coverage, as well as supplemental benefits such as Health Savings Accounts.  

This is where the expertise and advice of an independent insurance agent really comes in handy. We understand all the complicated details of each option, as well as how each option will impact your employees and your business. Moreover, we work with a variety of different insurance companies to help you compare both plans and prices. So contact Sungate Insurance Agency today for a free quote!  

Get a free insurance quote - How to Choose the Best Group Health Insurance Plan     Orlando FL
GET A FREE INSURANCE QUOTE

Contact SunGate Insurance Agency today learn more about the type of insurance you need. Click here to contact us or call (407) 878-7979.

SunGate Insurance Agency Coverage
Home InsuranceAuto InsuranceHealth InsuranceGroup InsuranceProperty InsuranceRV InsuranceRenters InsuranceEvent InsuranceInsurance BondsLife InsuranceBusiness InsuranceWorkers CompFlood InsuranceUmbrella Insurance and more!

Located in Lake Mary, Florida (serving clients Nationwide and locally in Orlando, Maitland, Heathrow, Longwood, Windermere, Kissimmee, Orange County, Seminole County and surrounding Central Florida areas.

Key Questions to Ask When Shopping for Life Insurance

Life Insurance Quote Guide

Key Questions to Ask When Shopping for Life Insurance Orlando fl 1024x1010 - Key Questions to Ask When Shopping for Life Insurance Orlando FLIf you have loved ones who depend on you, you want to know that they will be taken care of if something should happen to you. Good financial planning can help ensure that you leave behind a bit of a nest egg, but in reality, it can be really hard to set aside enough savings to really give you peace of mind. That’s where life insurance comes in. Simply put, life insurance will give your loved ones a tax-free sum of money in the event of your death. It should enable your family to cover your end-of-life expenses, live comfortably while paying off debt such as student loans or a mortgage, and help protect future plans such as college tuition for your kids or retirement for your spouse.

Yet while the idea of life insurance is pretty straightforward, purchasing the right life insurance policy can be complicated. The life insurance market is highly competitive and it is possible to get a comprehensive policy at a truly affordable price. However, it’s important to know exactly what you are looking for, and when you are comparing different policies, that you really are comparing “apples to apples”. So to assist you through the process, we have compiled a list of some key questions that you should ask when getting quotes for a life insurance policy.

  • What types of policies can I choose from? There are two basic types of life insurance. Term life insurance has guaranteed premiums for a fixed period, such as 10, 20, or 30 years. Permanent life insurance provides coverage for your entire life (assuming premiums are paid). “Whole life” permanent life insurance builds cash value, while permanent insurance known as “universal life” offers the flexibility to adjust premiums, benefits, and accumulation.
  • How much does life insurance cost? The cost of your policy will depend on your age, health and medical history, lifestyle, and other factors that may impact the risk of premature death. Cost will also depend on the type of policy you select, the coverage amount, and the term of the policy.
  • Will I have to get a medical exam? Because your policy will depend, in part, on the state of your health, most insurers do require a physical exam before determining coverage limits. Some medical conditions may disqualify you from obtaining life insurance.
  • Is there a “waiting period” before death benefits can be paid out? Many plans do come with a waiting period; in other words, benefits will only go into effect once you have been paying premiums for a certain period of time.
  • How are benefits paid out? Usually, benefits are paid out in a one-time lump sum or in timed payments, but each policy may handle payouts differently. It is also critical to understand how long it takes for benefits to be paid out, especially if you are counting on the death benefit to cover your end-of-life expenses.
  • When might death benefits not be paid? Most plans contain benefit exceptions, or circumstances under which the plan will not pay out the anticipated benefits; different policies have different types of exceptions so it’s important to compare the exceptions carefully. You may also want to ask what the appeals process is, in case of a denial of benefits.
  • What is the process for making changes to the policy, such as changing beneficiaries or cancelling the policy altogether? Just as your life circumstances are always changing, your life insurance needs are also likely to change over time, so you will want to understand each company’s process for making necessary alterations. The implications of cancelling a policy will depend on company policy as well as the type of insurance you have, so understanding these details is also important.

While no one wants to think about the possibility of a premature death, we all want the peace of mind that comes from knowing, if the worst should happen, that we will leave our loved ones on a sound financial footing. So while it may not be a pleasant task, purchasing a high quality, comprehensive life insurance policy—tailored to fit your specific life circumstances—should be part of everyone’s financial plan. Contact your neighborhood independent insurance agency—Sungate Insurance Agency—for a free life insurance quote today!

GET A FREE INSURANCE QUOTE

Contact SunGate Insurance Agency today learn more about the type of insurance you need. Click here to contact us or call 
(407) 878-7979.

SunGate Insurance Agency Coverage
Home InsuranceAuto InsuranceHealth InsuranceGroup InsuranceProperty InsuranceRV InsuranceRenters InsuranceEvent InsuranceInsurance BondsLife InsuranceBusiness InsuranceWorkers CompFlood InsuranceUmbrella Insurance and more!

Located in Lake Mary, Florida (serving clients Nationwide and locally in Orlando, Heathrow, Longwood and surrounding Central Florida areas.

Florida Luxury Home Insurance | Free Quotes

What is Luxury Home Insurance? 

Florida Luxury Home Insurance Free Quotes 300x169 - Florida Luxury Home Insurance | Free Quotes Orlando FLAlso called “High Value Home Insurance”, luxury home insurance is a special type of homeowners insurance designed to offer comprehensive insurance for homes, condos, and rental units with higher-than-average value. In addition, luxury home insurance offers greater protection for personal belongings and home contents that also have higher-than-average replacement value. Thus, if you own a luxury home in Floridanow is the time to investigate whether luxury home owners insurance is right for you. 

High value homeowners insurance may be appropriate for you if your home fits into one or more of these broad categories: 

  • Is worth at least $750,000 or $1,000,000, or even more 
  • Has unique and/or specialty design elements 
  • Was designed by specialists such as an architect and/or interior designer 
  • Is a heritage home, an antique home, or contains older and uncommon construction features  
  • Includes specialty off-site buildings such as a guest house 

You may also want to consider luxury home insurance if: 

  • Your home contains high-value items or collections such as priceless art, wine collections, expensive rugs and furniture, and extensive jewelry. 
  • Your home contains specialty, high-end appliances, fixtures, and/or decorations that are not readily replaceable at standard stores. 
  • Your home has a specialty roof, such as a green roof, a roof that contains an elaborate design or is made of metal, copper, tile, or clay.   
  • Your home has specialty environmentally-friendly or “green” construction and/or heating/cooling systems.  
  • Your home includes unique outdoor features such as a swimming pool area, specially designed landscaping, and luxurious outdoor living spaces. 

Unlike standard homeowners insurance, which often involves limited caps on coverage for repair, reconstruction, and replacement values, high value insurance offers significantly more coverage, usually without the limits you find in standard policies, so you can feel confident that you will be able to repair or rebuild your luxury home exactly as it was, even if you need to hire specialists such as architects, interior designers, and landscape architects.  

Is Luxury Home Insurance Worth It? 

When deciding whether to purchase luxury home owners insurance, you may want to ask yourself two important questions: 

  1. Should your home and its contents be damaged or destroyed, will you want to repair, rebuild, and or replacement them exactly as they were (to every extent possible)? 
  1. Do you want to maintain your customary standard of living while waiting for your home to be repaired or rebuilt? 

If you answered “yes” to either or both of these questions, then luxury home owners insurance is “worth it.” Yes, luxury homeowners insurance does cost more than a standard home insurance policy. However, by paying more, you are also purchasing a greater level of protection. Specifically, luxury home insurance has significantly expanded coverage limits for:  

  • Structural repair or replacement  
  • Additional reconstruction costs required to bring the dwelling up to code or cover changes in bylaws 
  • Expensive collections such as jewelry, rugs, fine art, antiques, and wine cellars 
  • Ornamental landscape design for luxury outdoor living areas 
  • Cyber protection for lost or stolen digital property 

Luxury home insurance also offers several additional items of coverage usually not included in standard home insurance: 

  1. Full coverage for additional living expenses, enabling you to maintain your standard of living while waiting for your home to be repaired or rebuilt 
  1. Use of architects, designers, and other construction specialists 
  1. Full replacement value for partial damage and/or sets/pairs of items to ensure that your home and its contents fully match after reconstruction/replacement 
  1. Full replacement value/cash value payouts both of the structure of your home and your personal contents, without devaluation for depreciation 

When you invest so much in your home and your lifestyle, it’s hard to think about and plan for all the things that could go wrong. But the fact is, there’s no reason why you should have to sacrifice the beauty and uniqueness of your home, or your lifestyle, should disaster strike. High value (luxury) home owners insurance can offer you the peace of mind that your home and your possessions will be covered should the worst case happen.  

Get a free insurance quote - Florida Luxury Home Insurance | Free Quotes Orlando FL
GET A FREE INSURANCE QUOTE

Contact SunGate Insurance Agency today learn more about the type of insurance you need. Click here to contact us or call (407) 878-7979.

SunGate Insurance Agency Coverage
Home InsuranceAuto InsuranceHealth InsuranceGroup InsuranceProperty InsuranceRV InsuranceRenters InsuranceEvent InsuranceInsurance BondsLife InsuranceBusiness InsuranceWorkers CompFlood InsuranceUmbrella Insurance and more!

Located in Lake Mary, Florida (serving clients Nationwide and locally in Orlando, Maitland, Heathrow, Longwood, Windermere, Kissimmee, Orange County, Seminole County and surrounding Central Florida areas.

What you need to know about flood insurance in Florida

6 FAQs about Protecting Your Home from Storm Damage in Florida: What You Need to Know about Flood Insurance!

florida flood insurance quote free 1024x731 - What you need to know about flood insurance in Florida Orlando FLWhile there are lots of reasons to love the Sunshine State, Florida’s beautiful beaches and warm, tropical climate top the list for many people! Yet those same assets can also be problematic: Florida’s 1,300 miles of gorgeous coastline, average elevation of only 6 feet, and location near the tropics and directly in the path of the westerly winds blowing off the coast of Africa make it uniquely vulnerable to the damaging impact of hurricanes and severe weather. And for homeowners whose homes have been impacted by flooding, storm surge, wind damage, and hurricanes, that vulnerability can create an insurance nightmare.

So how can you ensure that your home will be rebuilt and your personal possessions replaced after a storm? Here are the answers to 6 key FAQs we often get about flood insurance and protecting your home against storm damage

Does homeowners insurance cover water damage?

Most homeowners insurance policies cover some types of water damage, but explicitly do not cover water damage caused by excessive rain, flooding, and storm surge, the most common types of water damage stemming from hurricanes and other storms. For instance, homeowners insurance should cover water damage caused by a broken pipe inside your house or water leakage/seepage unrelated to a storm. It will not cover a weather-related flooding event. For that coverage, you must purchase separate a flood insurance policy.

Am I required to purchase flood insurance?

Florida law does not require anyone to purchase flood insurance. You may be required by your mortgage company to purchase flood insurance, just as most mortgage holders require homeowners insurance, if you are in a high-risk flood zone. However, most insurance experts highly recommend flood insurance for all Florida residents; after all, more than 20% of flood insurance claims every year stem from properties in “low risk” areas.

What is a “Hurricane Deductible”?

All homeowners insurance policies in Florida must include a hurricane deductible of $500, 2%, 5%, or 10% of replacement cost of the dwelling. This deductible is triggered when the damage is caused by a named storm. Unfortunately, even a 2% hurricane deductible can mean huge out-of-pocket expenditures, especially for high value homes. For example, if your home is valued at $1,000,000, you would need to pay $20,000 out-of-pocket for hurricane damage before your homeowners insurance “kicks in”. So it may be worth shopping around to find an insurance provider who offers a smaller deductible: for instance, at Sungate Insurance Agency, we work with A-rated insurance providers offering some policies with a $1,000 deductible for up to $2 million in replacement costs!

What Does Flood Insurance Cover?

Flood insurance is actually composed of two separate yet critical policies, one that covers the structure itself and one that covers the contents of the structure; each policy has a separate deductible (note that this deductible is in addition to the “hurricane deductible” noted above, which is part of your homeowners policy). Building Structure flood insurance covers the property itself, including the foundation, electrical, plumbing, heating, and cooling systems, built-in appliances and permanently installed fixtures. Building Contents flood insurance covers removable items contained within the structure: personal belongings like clothing and electronics, furniture, portable appliances, area rugs, and the content of refrigerators and freezers.

What Does Flood Insurance Cost?

The cost of your specific flood insurance policy will depend on where your home is located, whether it’s your primary residence, secondary residence, or vacation rental home. Generally speaking, highly affordable flood insurance policies are available through FEMA’s National Flood Insurance Program (NFIP); coverage through NFIP is usually capped at properties valued at $250,000 or less and exclude coverage for landscaping, decks, and additional living expenses. For those coverages, or for homes valued in excess of $250,000 (and especially high value homes in excess of $750,000), private flood insurance will offer more coverages and higher limits.

With Flood Insurance in addition to Homeowners Insurance, is my home fully protected against hurricane damage?

Just as homeowners insurance does not cover flood damage, your homeowners insurance may also specifically exclude wind damage, especially if you live in a “hurricane-prone” part of the state. A separate windstorm or wind and hail insurance policy can be purchased either as a stand-alone policy, like flood insurance, or as an additional endorsement to your standard homeowners policy. Together, homeowners insurance, flood insurance, and windstorm insurance should provide comprehensive coverage in case your home is damaged in a hurricane.

Understanding how to properly insure your home against natural disasters like hurricanes can be complicated. At Sungate Insurance Agency, we are here to help! As an independent insurance agent, we work with NFIP as well as a variety of A-rated private, high value insurers who offer a range of policies designed to offer full coverage with lower deductibles to ensure that you can rebuild your Florida home quickly and completely after a storm!

GET A FREE INSURANCE QUOTE

Contact SunGate Insurance Agency today learn more about the type of insurance you need. Click here to contact us or call 
(407) 878-7979.

SunGate Insurance Agency Coverage
Home InsuranceAuto InsuranceHealth InsuranceGroup InsuranceProperty InsuranceRV InsuranceRenters InsuranceEvent InsuranceInsurance BondsLife InsuranceBusiness InsuranceWorkers CompFlood InsuranceUmbrella Insurance and more!

Located in Lake Mary, Florida (serving clients Nationwide and locally in Orlando, Heathrow, Longwood and surrounding Central Florida areas.

How Much Will It Cost To Insure My Multimillion Dollar Home?

High Value Home Insurance

high value homeowners insurance fl 1024x560 - How Much Will It Cost To Insure My Multimillion Dollar Home? Orlando FLEvery responsible home owner should have a high-quality homeowners insurance policy that will protect their assets—both the home itself and the personal belongings and valuables inside the home—in case the unthinkable happens and the home is damaged or even completely lost due to fire, weather, or some other unpredictable event. Of course owners of a showcase home or a heritage home (a house with historical value) require homeowners insurance; however, to ensure that your multimillion dollar home is adequately protected, you will likely need more coverage than you will get with a standard insurance policy. Therefore, if you own a home worth more than $1 million (or perhaps even $750,000), you need high value homeowners insurance, which is specifically designed to offer the additional coverage you require to protect your valuable assets.

On the one hand, it’s true that high value homeowners insurance costs more than standard homeowners insurance; however, with that additional cost comes higher limits on coverage to ensure that you get 100% replacement value on your showcase home and personal belongings, that you can live comfortably while hiring the specialists you need to completely repair or rebuild your home, and that you get white-glove customer service while coping with the rebuilding process. And on the other hand, high-value insurance—like standard homeowners insurance—can be “shopped” to find the best “value”. While not every insurance company offers high value homeowners insurance, the market for high value insurance is competitive and an independent insurance agency like Sungate Insurance Agency can work with you to find the coverage you need to protect your beautiful home and your personal assets, at the right price.

High Value Homeowners Insurance: What Impacts the Cost of a Policy?

As with standard homeowners insurance, the cost of each specific high value insurance policy varies greatly from home to home and depends on a number of specific factors, such as:

  • The size of the home
  • The location of the home
  • Special and unique features of the home, such as historical architecture, landscaped gardens, high value fixtures and/or appliances, etc.
  • Additional coverage for high-value personal property such as wine collection, art, jewelry, etc.
  • The amount of insurance coverage you want or need

As with all home insurance, the cost of your high value homeowners insurance policy will be based on the assessed value of your home and its contents. Most high value insurance companies will work with you to conduct a personalized assessment and appraisal of your home and your belongings, to ensure that your policy accounts for and adequately covers the full cost of your valuables.

At the most basic level, the difference between standard homeowners insurance and high value insurance is not WHAT it covers, but the LIMITS on that coverage. In other words, high value homeowners insurance covers the same things as standard insurance, but offers higher limits, often well beyond the coverage caps included in standard insurance. High value homeowners insurance also covers additional items such as hiring an architect, designer, and other specialists to ensure that your home is repaired or rebuilt to the same value as before the damage.

Most high value insurance policies offer 100% coverage for:

  • Damage to your dwelling
  • Damage to other structures on your estate
  • Replacement cost for personal property
  • Liability / Guest medical
  • Additional living expenses

The cost of your policy will also be based on whether you choose additional coverages such as:

  • Excess liability/umbrella liability to cover you in the event of a lawsuit
  • Liability insurance for domestic help
  • Identity theft insurance
  • Kidnap and ransom insurance
  • Coverage for vacation homes and second homes

And in Florida, it’s also critical to remember that every homeowner should carry a separate flood insurance policy, which is not included in any homeowners insurance policy.

If you own a multimillion dollar home, you want to be sure that your investment is protected against the worst case scenario with the right type of high value homeowners insurance policy. By working with the independent insurance agents at Sungate Insurance Agency, we can ensure that your home and your personal possessions are insured with a company that will be dedicated to restoring your home to its original beauty!

GET A FREE INSURANCE QUOTE

Contact SunGate Insurance Agency today learn more about the type of insurance you need. Click here to contact us or call 
(407) 878-7979.

SunGate Insurance Agency Coverage
Home InsuranceAuto InsuranceHealth InsuranceGroup InsuranceProperty InsuranceRV InsuranceRenters InsuranceEvent InsuranceInsurance BondsLife InsuranceBusiness InsuranceWorkers CompFlood InsuranceUmbrella Insurance and more!

Located in Lake Mary, Florida (serving clients Nationwide and locally in Orlando, Heathrow, Longwood and surrounding Central Florida areas.

9 Things You Should Know About High Value Homeowners Insurance

High Value Homeowners Insurance

High Value Homeowners Insurance Quote Florida 300x160 - 9 Things You Should Know About High Value Homeowners Insurance Orlando FLIf you own a home, you know that you need a good homeowners insurance policy to protect you from significant financial loss should your property be damaged by storms, fire, or other common risks. For most homes, a standard homeowners policy can provide adequate protection should the worst case scenario happen. If, however, you own a high value home or luxury condo, a standard home insurance policy may not be enough, leaving you with potentially costly gaps in coverage.

Here are 9 things you should know about high value homeowners insurance to help you decide whether it’s right for you!

  1. High value homeowners insurance is usually required for homes worth more than $750,000 because these homes have a higher-than-average replacement cost. High value homes may include single family residential homes, luxury condos, and even rental properties.
  2. High value homeowners insurance is also appropriate for heritage homes and homes with unique design elements. Unlike high value insurance, standard homeowners insurance won’t usually cover the costs of specialists such as architects, interior designers, and landscape artists required to repair and rebuild your unique home’s specialized design features.
  3. High value homeowners insurance includes expanded coverage limits to protect the high value specialty items contained within your home. Standard homeowners insurance has lower caps on coverage that may not include high-end appliances and fixtures, non-standard construction materials such as stonework or clay, tile, copper, or metal roofing, or specialty “green” heating and cooling systems.
  4. Standard homeowners insurance offers only limited coverage for expensive or priceless decorative items and/or collections like fine art, rugs, antiques, extensive jewelry collections, and wine cellars. High value homeowners insurance, on the other hand, will offer higher coverage limits and specialized coverage to protect the full value of your valuables.
  5. While standard insurance usually deducts a percentage off the value of replacement items for depreciation, high value insurance offers full cash payouts, without depreciation, for both the value of the home itself and for its contents.
  6. High value homeowners insurance usually involves full coverage for complete and/or matching items. In other words, if one item in a pair or matched set is damaged, high value homeowners insurance will cover replacement cost for the entire set. Likewise, if part of your home is damaged, such as half of the kitchen, high value homeowners insurance covers rebuilding or replacing even undamaged areas to ensure that the overall design of the house is not compromised.
  7. High value homeowners insurance has higher limits on coverage for additional living expenses you may incur while waiting for your home to be repaired or rebuilt. For instance, you may have the necessary housing allowance to find a temporary home that meets your standard of living, and to live in temporary house longer than normal so you have time to hire an architect, designer, and/or other specialists.
  8. Standard homeowners insurance usually comes with standard (or sub-standard, in some cases) customer service. High value homeowners insurance, on the other hand, includes white glove customer service and offers additional services to facilitate the process of getting your home back. For instance, high value homeowners insurance may include a complimentary home inspection to help you verify the value of your home, ensure that you have appropriate coverage limits, and properly document your home’s special and unique features and the value of your personal belongings.
  9. Not every insurance company offers high value homeowners insurance or insures homes above a certain value. At Sungate Insurance Agency, we work with the top-rated insurance companies offering high value homeowners insurance to ensure that your high value home, your personal belongings, and your financial stability are protected against damage and loss.

Get a free insurance quote - 9 Things You Should Know About High Value Homeowners Insurance Orlando FL

 

 

Contact SunGate Insurance Agency today learn more about the type of insurance you need.

Click here to contact us or call (407) 878-7979.

SunGate Insurance Agency Coverage:
Home InsuranceAuto InsuranceHealth InsuranceGroup InsuranceProperty InsuranceRV InsuranceRenters InsuranceEvent InsuranceInsurance BondsLife InsuranceBusiness InsuranceWorkers CompFlood InsuranceUmbrella Insurance and more!

Located in Lake Mary, Florida (serving clients Nationwide and locally in Orlando, Heathrow, Longwood and surrounding Central Florida areas.

Original Medicare vs. a private Medicare health plan. What is the difference?

Original Medicare vs. a Private Medicare Health Plan

Original Medicare and a private Medicare 630x630 - Original Medicare vs. a private Medicare health plan. What is the difference? Orlando FLIf you are approaching age 65, you probably already know that it’s time to start thinking about Medicare, the government system of health coverage for all Americans aged 65 and older. On the surface, it sounds straightforward: all you need to do is enroll! Unfortunately, choosing the right Medicare plan is a bit more complicated than that, with a myriad of different options to choose from. Most insurance experts agree that as you begin to think selecting a Medicare plan, it’s a good idea to get help from a qualified insurance expert who can help you understand the differences between the various options, evaluate your specific health needs, and develop a Medical plan that works for you and for your budget!

The first step is understanding the differences between the government’s Medicare plan and Medicare plans offered by private insurance companies. The government offers a basic, one-size-fits-all healthcare plan generally called Original Medicare. Original Medicare has three distinct areas of coverage:

  • Part A: coverage for hospital care
  • Part B: coverage for doctor visits, medical procedures, and medical equipment
  • Part D: coverage for prescription drugs

When taken together, these three “parts” sound like fairly comprehensive health care coverage. Unfortunately, what this simple explanation leaves out is the complicated calculation of high deductibles, large co-pays, and coverage gaps that can leave you saddled with a lot of medical bills.

Some private insurance companies also offer authorized Medicare plans. Generally speaking, there are two different types of private Medicare insurance:

  • Part C or Medicare Advantage: Medicare Advantage plans must cover the same as Original Medicare Parts A & B, but often cover more services with less out-of-pocket expenses. Most people pay a yearly premium for Medicare Advantage and a yearly premium for Medicare Part B.
  • Medigap or Medicare Supplemental Insurance: Medigap specifically covers holes in the basic coverage provided by Medicare Parts A and B to help bring down out-of-pocket expenses. Medigap insurance is purchased in addition to the basic Original Medicare Plan.

Benefits of private Medicare insurance

There are a number of benefits to choosing a private Medicare insurance plan:

  1. More coverage and more “perks”

Most private Medicare plans will offer coverage for additional services not covered under Original Medicare Parts A and B, such as coverage for dental care and hearing and vision screenings. Private Medicare insurance may also cover more prescription drugs. Private Medicare plans may also offer additional “perks” such as travel coverage, fitness programs, and access to other health and wellness programs.

  1. More budget-friendly

Although purchasing a private Medicare plan requires paying an additional yearly premium, overall a private Medicare plan will probably save you money in the long run. For instance, a private Medicare plan is likely to have lower co-pays for each doctor’s visit: say, $10/visit instead of 20% of the total cost of the visit. Also, most private plans have an out-of-pocket maximum; in other words, the plan will cap how much you have to pay in medicals bills each year.

  1. A more coordinated approach to your health

Private Medicare insurance works much like standard insurance plans, with networks of contracted health care providers. Thus, your health in general is coordinated through a Primary Care Physician (PCP) who ensures that all specialists are working together and can maintain an accurate record of all your prescription drugs. Moreover, most private plans offer the convenience of working with just one plan administrator to handle all the paperwork.

Things to think about

It’s important to note, however, that private Medicare plans might not be for everyone. Here are a few additional things to think about that may impact your decision. A private Medicare plan will likely require that you see only physicians within their network; doctors and services provided out-of-network may not be covered. Moreover, many of these networks are regional, which could be problematic for retirees seeking to spend the summers in New England and the winters in Florida, for instance. Additionally, a private Medicare plan may require seeking referrals from your PCP and potentially plan authorizations for specialists and procedures.

Understanding Medicare—and selecting the right Medicare plan for you—can be tricky: every plan is just a little different, with a lot of fine print to read and understand. To ensure that you get the right plan that fits both your healthcare needs and your financial needs, we recommend speaking to an insurance expert before making your decision. An insurance expert can help you understand exactly what your plan will cover, and can help you compare plans to ensure that you get the right one, at the right price!

Get a free insurance quote - Original Medicare vs. a private Medicare health plan. What is the difference? Orlando FL

 

 

Contact SunGate Insurance Agency today learn more about the type of insurance you need.

Click here to contact us or call (407) 878-7979.

SunGate Insurance Agency Coverage:
Home InsuranceAuto InsuranceHealth InsuranceGroup InsuranceProperty InsuranceRV InsuranceRenters InsuranceEvent InsuranceInsurance BondsLife InsuranceBusiness InsuranceWorkers CompFlood InsuranceUmbrella Insurance and more!

Located in Lake Mary, Florida (serving clients Nationwide and locally in Orlando, Heathrow, Longwood and surrounding Central Florida areas.

Questions to ask when choosing a Medicare plan

Medicare Plan Questions You Should Ask Your Insurance Agency Before You Choose

Questions to ask when choosing a Medicare plan - Questions to ask when choosing a Medicare plan Orlando FLWe may not like to admit it, but getting older often means coping with an increasing number of health concerns. So choosing the right Medicare plan—a plan that ensures access to affordable and high quality health care—is especially important.

Yet understanding the complicated world of Medicare insurance can be pretty tricky. After all, there are so many different options available on the market today: the government’s Medicare plan versus private Medicare insurance; difference coverages under Parts A, B, C, and D; the benefits of a Medicare Advantage plan as compared to a Medigap plan, and so on. Each plan offers different levels of coverage and an often-confusing mix of premiums, co-pays, deductibles, and out-of-pocket maximums. Indeed, comparing plans can be overwhelming.

On the plus side, there is a lot of readily-available information designed to help make the process of selecting a Medicare plan more comprehensible. As you approach your 65th birthday and Initial Enrollment Period—the 7 months around your 65th birthday in which you are eligible to enroll in Medicare—you will begin receiving mailings from Social Security and private insurance companies. Several basic Internet searches can also wield a wealth of important and easy-to-digest information.

However, probably the best way to get the information you need—to ensure that you are comparing apples to apples—is to talk directly to information representatives. When researching Original Medicare (the plans offered by the government), the Social Security Administration has representatives who can walk you through the various alternatives. You can also speak with an independent insurance agent and/or representatives of insurance companies offering authorized Medicare Advantage and Medigap plans.

To help guide these conversations, we have prepared a list of useful questions; we encourage you to take this checklist to each meeting to ensure that you get the answers you need to make an informed choice about your health care!

Questions about medical plans

  • What is the monthly premium?
  • What are the co-pays/coinsurance payments for doctor visits/ tests/ procedures/ hospitalizations?
  • What is the annual deductible?
  • What is the annual out-of-pocket maximum, if any?
  • Does the plan include coverage for medications/prescription drugs?
  • Does the plan include coverage for additional services such as dental, vision, hearing?
  • Does the plan include travel coverage?
  • Can I keep my current doctor(s) (are they “in network”)?
  • Are “out-of-network” providers covered under the plan?
  • Can I get year-round coverage if I live in two different regions of the country (summer v. winter)?
  • Do I need referrals for specialists?
  • What is the plan’s quality rating?
  • Who will assist me if I have questions about coverage or medical bills?

Questions about prescription drug plans

  • What is the monthly premium?
  • What is the annual deductible?
  • What are the co-pays for medications, if any?
  • Are my current prescriptions covered under the plan? (Be sure to come prepared with a list of your current medications.)
  • How will I know if new medications will be covered?
  • Can I get my medications at my local pharmacy?
  • Can I/Must I get my medications through a mail order service?

Get a free insurance quote - Questions to ask when choosing a Medicare plan Orlando FL

 

 

Contact SunGate Insurance Agency today learn more about the type of insurance you need.

Click here to contact us or call (407) 878-7979.

SunGate Insurance Agency Coverage:
Home InsuranceAuto InsuranceHealth InsuranceGroup InsuranceProperty InsuranceRV InsuranceRenters InsuranceEvent InsuranceInsurance BondsLife InsuranceBusiness InsuranceWorkers CompFlood InsuranceUmbrella Insurance and more!

Located in Lake Mary, Florida (serving clients Nationwide and locally in Orlando, Heathrow, Longwood and surrounding Central Florida areas.