Understanding Motorcycle Insurance Coverage Types

Motorcycle insurance refers to a specific type of coverage designed to offer financial protection for motorcycle owners and riders should they be involved in an accident, theft, or another covered incident involving their motorcycle. For additional information regarding motorcycle insurance for riders in and around Miami Lakes, FL, contact Jet Stream Insurance Group LLC today.

Understanding Motorcycle Insurance Coverage

Similar to car insurance, motorcycle insurance provides coverage for various risks and liabilities that can happen when operating or owning a motorcycle.

Liability Coverage

Liability coverage is typically mandatory. It offers coverage for another’s bodily injury and property damage if you’re at fault in a motorcycle accident.

Collision Coverage

Collision coverage reimburses insured individuals for motorcycle repairs, independent of who is at fault.

Comprehensive Coverage

Comprehensive coverage offers financial protection (for repairs/replacement) when and if the motorcycle is damaged from a non-collision incident which may include –

  • Theft
  • Vandalism
  • Fire
  • Natural Disasters
  • Falling Objects, to name a few.

Uninsured/Underinsured Motorist Coverage

If involved in an accident with an underinsured driver or without insurance, this covers lost wages, medical costs, property damage, etc.

Medical Payments Coverage

This coverage helps to pay medical expenses for you/your passengers after an accident, despite who caused the accident. Personal Injury Protection is similar and offers more extensive coverage.

Additional coverage is available for motorcycle owners and riders as follows –

  • Accessory Coverage.
  • Roadside Assistance Coverage.
  • Rental Reimbursement Coverage.
  • Gap Insurance – If you owe more on a bike loan than its market value – if totaled, gap insurance pays the difference.  

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For additional information regarding motorcycle coverage options, contact the insurance professionals at Jet Stream Insurance Group LLC in Miami Lakes, FL

Does Boat Insurance Cover Me if I Have an Accident in International Waters?

When you own an ocean-capable vessel like a sturdy sailboat or specialized fishing yacht, you might want to explore and take it where you want. And if you live in Miami Lakes, FL with your boat going out of one of Miami’s harbors, you have a lot of places to explore!

With the right boat and preparations, boaters from here can make it to Caribbean locations like the Bahamas in a day with the right weather conditions. However, one of the preparations you should consider before setting sail for such a voyage is whether or not your insurance policy will cover you in international waters.

Does Boat Insurance Cover Me in International Waters?

The short answer to this question is that most basic boating insurance policies will not cover you in international waters. For collision and comprehensive boating insurance in international waters, you will have to purchase an add-on international waters coverage policy, such as the type we offer here at Jet Stream Insurance Group, LLC.

The reason why most insurance policies won’t cover international waters is that most boats aren’t equipped to readily take on the challenges of open water. The risks are therefore too high for more insurers to readily take on. Thus, insurance for international waters tends to require policyholders to show proof of their vessel’s capabilities.

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The domestic and federal waters around Florida differ greatly from where they extend further up north where there is no close proximity to island nations like the Bahamas and Cuba. Generally, from Miami, you can go about three geographical miles from shore and still be covered by your boating insurance policy without special international clauses.

Learn more about this and what’s covered by contacting our in Miami Lakes, FL team at Jet Stream Insurance Group, LLC. 

What Types of Perils Does Flood Insurance Not Cover?

Miami Lakes, FL residents can benefit from purchasing flood insurance when residing in low-lying areas, and most government-backed lenders will require this indemnification when living in a flood plane.

Flood Insurance Exclusions

Flooding is defined as water that first touches the ground before entering your property on land that is generally not wet, and that exceeds a space of two acres or more. This does not apply to leaky roofs, for example, that can create situations involving mold, mildew, or rot.

Your flood insurance will generally not extend to plumbing problems, such as burst pipes or major leaks. Your Jet Stream Insurance Group LLC representative can go into greater detail as to which scenarios would be covered. 

After a flood event, the ground will often settle and can threaten the integrity of the structure at its foundation. Though this can wreak havoc, this occurrence is generally considered the movement of the earth and is usually beyond the scope of what your flood insurance coverage will entail. 

You may also incur additional costs related to relocation, and these will typically be out of pocket for you. If your property becomes uninhabitable while it undergoes repairs, you may need to spend money moving and securing another domicile on a temporary basis. 

If your home is the location of your business, you may experience interrupted income potential, another consequence of the flooding event but one that generally falls outside the purview of your indemnification. Damage to outdoor structures may also be your responsibility. 

Jet Stream Insurance Group LLC Can Help You

We provide insurance packages to suit your needs and invite you to reach out to us today by phone, online, or in person. We serve those living in the Miami Lakes, FL region and look forward to working with you. 

I have insurance already. Do I really need umbrella insurance?

Umbrella insurance from Jet Stream Insurance Group LLC is an additional layer of insurance coverage that goes above and beyond what your existing policy provides. While you may already have some level of insurance here in the Miami Lakes, FL area, umbrella insurance can provide extra protection when the limits of your current policy are reached. 

Why Umbrella Insurance?

Umbrella insurance is designed to protect you in case you’re sued for damages or injury caused by you, your family, or any other person covered under the policy. It can help cover legal costs related to settlements or judgments, as well as any other associated costs like medical expenses. 

It’s important to note that umbrella insurance is not a substitute for other types of coverage, such as auto or home insurance. It’s meant to provide additional protection when your existing policies are reached, helping you stay financially secure in the event of unexpected financial hardship. 

Ultimately, whether or not you need umbrella insurance depends on your circumstances. Think about how much coverage you currently have and if it would be enough to cover potential liabilities in the event of a lawsuit. If not, then umbrella insurance may be a good option to consider in order to ensure you’re fully protected from financial loss due to unforeseen events. 

Reach Out To Us

For more information, give us at Jet Stream Insurance Group LLC a call today. We are proud to serve the Miami Lakes, FL area and would be happy to help you find a policy that meets both your needs and your budget. So don’t wait! Give us a call today!

Frequently Asked Questions about Condo Insurance

There are many types of insurance available on the market. Auto insurance, health insurance, and home insurance are the most well-known types of insurance. There is insurance for pretty much anything imaginable, including condo insurance. Jet Stream Insurance Group, LLC in Miami Lakes, FL is here to help you navigate this important coverage. Below, we have answered some of the most commonly asked questions about condo insurance.

Condo Insurance FAQs

Here are the most common questions about condo insurance and the answers to those questions.

What is condo insurance?

Condo insurance covers the part of the condo that the owner owns. It is similar to homeowner’s insurance, but it doesn’t cover the outside property or land.

How is condo insurance different from home insurance?

Condo insurance only covers the inner structure of the condo and the owner’s belongings. The outside structure and the outer property are covered by the HOA’s master policy. Home insurance covers the inner and outer parts of the home plus any other structures that are on the property. Home insurance also covers what happens on the outside of the dwelling.

Why do I need condo insurance?

In most cases, HOA requires condo owners to have condo insurance. Without condo insurance, you could be responsible for a lot of costs out of pocket. Here is an example of how condo insurance is beneficial. Let’s say you walk into your home and find that someone has broken in. 

You assess the damage and find that one of your appliances was broken or damaged. You file a claim with your insurance company and are compensated for the damage to your appliance. You then use that money to get a replacement appliance. All you have to pay is the deductible instead of the full cost of the appliance.

Reach Out To Us

These are just a few of the many questions people have about condo insurance. For more information about condo insurance or to get a quote, contact us at Jet Stream Insurance Group, LLC in Miami Lakes, FL.

Four rules to follow when you buy auto insurance

Motorists in Miami Lakes, FL can get auto insurance coverage from Jet Stream Insurance Group LLC. When you purchase auto insurance, there are a few important rules to follow.

Here are four rules to follow when you buy auto insurance: 

Don’t just meet minimum coverage requirements

You’re only legally required to purchase enough coverage to satisfy the minimum liability coverage requirements. In Florida, minimum requirements are $10,000 in personal injury protection and at least $10,000 in property damage liability coverage. 

If you really want to protect yourself financially, you should purchase more than just enough coverage for the minimum requirements. Otherwise, you could find yourself heavily in debt if you end up at fault in a bad accident. 

Include collision coverage on your policy

Some motorists are tempted to just get liability coverage because they are not required to purchase collision coverage by law. However, it’s best to purchase collision coverage so that you know that damages to your own vehicle will be covered. 

Provide accurate information on your driving history

Be sure to give honest and accurate information about your driving history to auto insurance providers. Auto insurance companies will probably check your driving record and find out about any infractions anyway, so honesty is the best policy. 

Always shop around

Motorists should also get multiple quotes before they buy a policy. When you have a few quotes that you can compare, you can make sure that you’re getting a good deal on your auto insurance policy. 

We Are Here To Help

If you’d like to learn more about auto insurance and get a quote on a policy, contact us at Jet Stream Insurance Group LLC. We’ll answer all your questions about covering your vehicle in Miami Lakes, FL. 

What are the different types of commercial insurance available?

When it comes to protecting your business, commercial insurance is a must-have. There are many different types of commercial insurance policies available for Miami Lakes, FL area businesses at Jet Stream Insurance Group LLC, depending on the size and type of business you operate.

Here’s a quick overview of some of the most common types: 

Property Insurance:

This type of insurance covers any physical property owned or rented by your business, including buildings, furniture, equipment, inventory, and more. It can protect against losses due to theft, vandalism, fires, and other property damage. 

General Liability Insurance:

Also known as “slip and fall” coverage, general liability insurance protects against financial losses from personal injury claims or property damage claims brought by customers or other third parties. This type of policy also helps cover legal fees in the event that you’re sued over such an incident. 

Workers’ Compensation Insurance:

While not required in all states, workers’ compensation insurance is essential for businesses with employees who could be injured on the job. This policy provides benefits such as medical care and lost wages to those injured in the course of their employment with your company. 

Vehicle Insurance:

If your business uses vehicles in its operations – whether they’re owned or leased – vehicle insurance is necessary to cover any accidents that may occur while they are being operated. This policy can also protect against physical damage to any vehicles used in your business activities. 

Reach Out To Us

These are just some of the different types of commercial insurance policies available to businesses today. To ensure that your company is fully protected from potential risks, speak with an experienced broker about which policies will best meet your needs. For more information, call us at Jet Stream Insurance Group LLC today. We proudly serve the Miami Lakes, FL area.

Protecting Your Florida Home With the Right Coverage

Living in a home of your own is something to be proud of. But no matter how much care and attention you put into it, accidents and damage can still happen. That’s why homeowners in Miami Lakes, FL should invest in home insurance for their peace of mind.

What Is Home Insurance? 

Home insurance protects your property from unexpected thefts or natural disasters like hurricanes or floods. It usually covers the following items: 

• The structure of your home 

• Your belongings that are inside the home 

• Any additional structures on your property, such as a shed or fence 

• Liability protection in case someone is injured while on your property  

Jet Stream Insurance Group LLC can help you find the perfect home insurance policy that fits your needs and budget.

Why Do You Need It? 

A good home insurance policy lets you know that you won’t have to bear the entire financial burden if anything happens to your home or its contents. Without a good policy, you could spend thousands of dollars out-of-pocket to repair damage or replace lost items.  

What Are Your Options?

Depending on where you live, certain types of coverage will be required by law (such as windstorm coverage). But there are also many other types of coverage available so that you can customize your policy to fit your needs. These may include coverage for personal liability protection, medical payments, theft/vandalism protection, and more.

Give Us A Call

Having the right coverage is essential when protecting your Miami Lakes, FL home from unexpected events. The experienced team at Jet Stream Insurance Group LLC can help guide you through the process to get the best possible policy for your specific needs and budget. Contact us today for more information!

Conquer Florida’s Rough Terrain with the Right Off-Road Vehicles

From rugged trails to slippery slopes, there’s no denying that Florida’s terrain can be pretty challenging. But that doesn’t mean you must stay inside or leave the state. The right off-road vehicle and an experienced driver can get you where you want to go and make sure you return safely.  Jet Stream Insurance Group LLC is happy to help our Miami Lakes, FL clients with recreational insurance and related tips. 

Here’s what you need to know about selecting the right off-road vehicle for tackling Florida’s rough terrain:

Essential Off-Roading Equipment

Essential off-roading equipment includes mudding tires, a winch, first aid supplies, and survival gear. Mudding tires are designed for maximum traction in wet and muddy conditions. A winch is also a must-have for any off-roading vehicle. When choosing the correct winch, consider the total weight of your setup, including the vehicle, gear, and any trailers you are towing.

In addition to mudding tires and a winch, it is also essential to have first aid and survival gear when off-roading in Florida. Items to include in your wilderness survival kit are a map and compass, a first-aid kit, a fire starter, a water purification system, a flashlight or headlamp, and a solar blanket. 

Types of Off-Road Vehicles Best Suited for Florida’s Trails

ATVs are best suited for navigating tight, winding paths with plenty of obstacles, such as deep mud, sharp rocks, and steep hills. UTVs are more extensive, heavier vehicles designed to tackle more prominent, more open terrain. They are perfect for traveling long distances and crossing large expanses of rough terrain.

4×4 OHVs are designed for taking on rugged terrains such as rocky hills, deep mud, and loose sand. Motorcycles are also good options for exploring the backcountry in Florida, as they have the power and agility to handle tricky terrain.

Get The Right Coverage Today

Jet Stream Insurance Group LLC, serving the greater Miami Lakes, FL community, provides recreational vehicle insurance for your needs. Our experienced professionals work hard to provide the right coverage for our customers. Contact us today to insure your favorite off-road rides!

Why You Need Renters Insurance

Renters have specific needs when it comes to insurance. They don’t need a policy that is like home or condo insurance. Those policies pay for damage done to a dwelling because those policies are used by the property owners. Renters don’t have to carry an insurance policy that covers the dwelling since they don’t own it. Instead, there are other types of coverages they need that are all in a renters’ policy.

To get a policy of your own, call us now at Jet Stream Insurance Group LLC in Miami Lakes, FL. 

Why Renters Insurance?

Possessions Coverage

Your dwelling may not need your protection, but your possessions certainly do. It’s likely that most of what you own is inside your rented home, and all of those items need to be protected. With renters’ insurance, all of your belongings that are inside your home are covered under the policy. This provides for your items to be replaced by insurance when you have an event that damages them. Covered events include a wide range of occurrences like certain accidents, calamities, and disasters. 

Liability Coverage

When you have a rented home, you’re responsible if anyone should have an accident there. If someone came into your home and had an accident with injuries there, you would be liable for a number of their expenses, including medical bills. You need to have liability coverage in case this happens. There are a number of types of liability that can put you at risk financially when you’re a renter, and renters’ insurance can cover you against these to safeguard your finances against lawsuits. 

Get Your Renters Insurance Policy

When you’re renting, you need to have this coverage because of the many risks you’re vulnerable to. To get your renters’ policy, call us at Jet Stream Insurance Group LLC in Miami Lakes, FL.