Name: 925 Partners Insurance Agency
Address: 701 Riverside Park Place, Suite 202, Jacksonville, FL, 32204
Telephone: 855-925-1200

Important Auto Insurance Facts Florida Drivers May Not Be Aware Of

Posted on January 25, 2021January 25, 2021 by admin

925 Partners assists Jacksonville, FL residents by offering multiple types of insurance coverage. We provide our clients with custom policies designed to meet their individual needs. We have positive working relationships with over 60 carriers throughout the country.

Important Auto Insurance Facts

Driving is a way to express yourself. However, that freedom comes with responsibility. There are many risks associated with driving due to the conditions of the road and other drivers. That’s why auto insurance is so important. Auto insurance covers your vehicle if you are involved in an accident or if your vehicle is stolen. Liability coverage protects your vehicle if you drive with a passenger in the vehicle and suffer injuries. While you are researching policies, here are some important auto insurance facts to be aware of.

If you plan to use your personal vehicle for business-related endeavors, you will have to amend your policy. If you are involved in a collision while working, you will not be covered unless you have a commercial policy.

You can add coverage to protect your vehicle while it is in storage and you aren’t using it. Accidents can happen at any time. A natural disaster can pass through Jacksonville, FL, and cause serious damage. If your vehicle is damaged, you can have peace of mind.

Any personal items in your vehicle are not covered if they are stolen unless you amend your policy. You should also consider adding extra coverage if you plan to install some special parts or accessories on your vehicle. This protects your vehicle if you are involved in a collision after adding the new amenities.

925 Partners Will Help You Stay Safe On The Road

For more information on auto insurance, visit our website today!

OWNER OPERATOR TRUCK INSURANCE FAQ’S

Posted on January 15, 2021January 15, 2021 by admin

Jonathan Wallace, EVP at 925 Partners Insurance Agency.

At 925 Partners, we love helping owner operators achieve their dream of owning and operating a successful trucking business. This includes Hot Shots, Auto Haulers, Intermodal, Flat Beds, Dry Vans, and more. Our team of trucking experts will help you navigate the truck insurance process and make sure you are insured properly for the most competitive price possible. We want to be with you for the long haul.

Below are answers to some common questions we hear from owner operators. You can visit 925TRUCKING.COM to request a quote, or call us at 855-925-1200 to speak directly with a trucking insurance specialist.

What is the minimum coverage needed to get my authority active?

Answer: While a $1,000,000 combined single limit will be required by almost everyone you haul for, $750,000 is still the FMCSA minimum for truckers who need a federal filing. If you are still a few weeks away from booking your first load but want to get your letter of authority in place, you can always start with a $750,000 limit. You will likely need to increase to $1,000,000 shortly after, but this approach will save you some dollars at a time when cash flow is critical.

Why is my premium so high?

Answer: It is not because we don’t like you. For first year owner operators, we have seen annual premiums as low as $8,500 and as high as $40,000. This is for all coverages combined. If you have 20+ years of CDL experience, a clean MVR, and excellent credit, your premium could be less than $10,000 annually. The state you are domiciled in and the commodities you haul also have a major impact on your premium. For example: An auto hauler in South Florida might pay $30,000 annually, while a dry van trucker in Wisconsin might be $9,000 annually.

Will my rates go down after my first year?

Answer: If you have little to no claim activity and clean inspections, yes you should expect a moderate decrease year over year. A big misconception we hear is that rates are always higher the first year and then they start going down. That is true if you are assuming a perfect first year in business. Poor roadside inspections and/or moving violations can adversely impact your insurance rates just as much as claims. Zero claims in year 1 does not guarantee a rate reduction.

Do you charge for certificates of insurance?

Answer: No. You should never be charged for a certificate of insurance. We are surprised how often this is asked. 925 Partners Insurance has a certificate of insurance platform that allows our clients to generate their own COI’s 24/7.

Do you offer trailer interchange coverage?

Answer: Yes, every insurance company we work with can provide this coverage by endorsement. However, you must have a signed trailer interchange agreement in place for the coverage to apply.

If I hire another owner operator, am I responsible for their insurance?

Answer: Yes. You are responsible for Auto Liability and Motor Truck Cargo insurance for anyone hauling loads under your DOT #. You could pay for the Physical Damage on their equipment, but this is typically left up to the owner operator to insure on their own.

Do you offer discounts for veterans?

Answer: Yes, there are insurance companies we partner with that provides a discount if the trucking company owner is a veteran.

Contact the author of this article:

Jon Wallace

EVP, 925 Partners Insurance Agency

Direct Line: 904.672.4003

Email: jwallace@925partners.com

Future Articles:

Avoiding These Mistakes Will Help Truck Insurance Rates.

How Commodities Hauled Impacts Truck Insurance

Auto Hauler Insurance Considerations

Avoiding These Mistakes Will Help Truck Insurance Rates.

Truck Insurance Tips for Fleet Owners

7 Terms You Should Know for Commercial Insurance

Posted on December 15, 2020December 15, 2020 by admin

Whether you own a small business or a larger company, you’ll need to have some level of commercial insurance. It can be a good idea to know some of the basics before you shop around for your insurance provider and the specific policies you want or need. The team at 925 Partners of Jacksonville, FL, and the surrounding area can provide you with many of these answers, though there are some terms you should know in advance.

Business Owners Policy (BOP)

This is a package policy with liability and property insurance combined so that small business can spend less when they have to get multiple policies.

Business Interruption Insurance

This is put in place if your business needs to shut down, and it’s because of a covered loss reason. The coverage typically will reimburse for the expenses you’d have if your business had continued operations.

Commercial Auto Insurance

Commercial auto insurance provides coverage to your employees and company’s vehicles if there’s been injuries and/or damage. It does not matter if these automobiles are owned, rented, or leased. The policy also covers any passengers at the time.

Employer’s Liability Insurance

This protects an employer if their employee files a lawsuit after being injured in the workplace or while conducting work duties. Workers’ compensation benefits don’t allow much room for the employee to sue after such an injury.

General Liability

This is a broader version of the employer’s liability. The company can be held liable for injuries or damages to another party while on the premises (as well as those that occur from company property or employees during their assigned work duties off the premises).

Loss Control

A means for a company to help minimize how much loss they experience.

Named Peril

A hazard or event that is listed and covered by your policy – in many instances, a certain type of policy will only cover those that are clearly outlined in your insurance policy document.

It’s much easier to sign up for commercial insurance with the help of experts. Talk to someone at 925 Partners of the Jacksonville, FL area, and you won’t be disappointed.

3 Tips for Buying Home Insurance in Florida

Posted on November 29, 2020November 29, 2020 by admin

Your home is a valuable asset, probably the most valuable asset you have in Florida. That’s why it is so important to protect your property in the event of fire, theft, or liability, for example. If you’re looking to buy your first home insurance policy, or upgrade an existing one, follow these three simple tips to help you get started. Read on to learn more.

1. Compare Several Quotes

It just makes sense to compare more than one home insurance quote with a reputable agent. Not all policies are the same, and you need to be aware of what you’re getting at what cost. Go over each quote in detail to fully understand the policy before making a final decision on the right one for you.

2. Bundle Your Policies

Have auto insurance? Life insurance? If so, talk to your insurance agent about bundling your policies under one carrier. This could get you a discount on your premiums. Insurance companies enjoy rewarding loyal customers, and this is one way they do it. Talk to your insurance agent in Jacksonville, FL about other ways to save, such as a senior citizen discount.

3. Work with a Reputable Agent

Navigating the insurance buying process shouldn’t be something you do alone. Instead, work with a friendly, reputable insurance agent to help you compare quotes, bundle policies, and find the right home insurance policies for your needs and budget.

To learn more about purchasing home insurance, contact 925 Partners today, serving Jacksonville, FL. Our agents are standing by right now to take your call and answer all your questions and concerns. 925 Partners can be reached right now at 855-925-1200.

Is getting classic car insurance in Florida a good idea?

Posted on October 31, 2020October 31, 2020 by admin

In the Jacksonville, FL area, there continue to be many people who love cars and dream of owning a classic or antique vehicle. When you own one of these cars, it will provide you with a prized possession that you can showcase and enjoy the appreciation as the years go by. If you are going to purchase a classic car here, you should consider getting a specialized classic car insurance policy. There are several reasons why this type of insurance is ideal for classic car owners.

Classic Car Coverage Reflects True Liability Risk

No matter what type of car you drive in Florida, you need to have liability insurance. If you are a classic car owner, you likely will drive it very infrequently. Due to this, the actual risk that you pose is minimal compared to the typical driver. If you invest in a classic car insurance policy, you will get the coverage that reflects this reduced liability risk.

Classic Car Insurance Protects Value

Another advantage of getting classic car insurance compared to a normal insurance policy is that it can cover your car’s true value. With a classic car, there will be a lot of collectible value, which you will want to be able to protect. When getting classic car insurance, you will negotiate with the provider to have this covered.

Getting classic car insurance in Jacksonville, FL is a good idea for any classic car vehicle owner. When you are shopping for insurance coverage, you should call 925 Partners. The team at 925 Partners can give you the guidance needed to understand this unique form of insurance. From there, you will be able to get into a policy that offers the right coverage for your situation.

Common Myths About Umbrella Insurance

Posted on September 29, 2020September 29, 2020 by admin

Umbrella insurance is additional coverage that protects already existing coverages and limits of other policies. It is a specific type of insurance that may be difficult to understand. One of the main reasons is that there are many misconceptions and myths about this type of insurance. In order to help you get more educated about it, 925 Partners, serving Jacksonville, FL, decided to debunk some of those myths:

Umbrella Insurance Is Extremely Expensive

In fact, the cost of umbrella insurance depends on the risk. When it comes to insurance, the higher the risk, the higher the price. Therefore, if you have expensive assets to insure, for example, or there are teenage drivers in the family, you will have to pay more.

Only Wealthy People Need Umbrella Insurance

It is wrong because umbrella insurance provides protection to everyone, including homeowners, car owners, and renters. Umbrella insurance is a guarantee that you will be covered in case of different injuries, and this can happen to anyone regardless of their financial status. The difference is that wealthy people can afford out of pocket expenses if they do not carry appropriate insurance.

Umbrella Insurance Can Replace Auto, Home, or Boat Liability Coverage

It is a myth because umbrella insurance works as additional coverage for those who already have liability coverage from auto, home, or boat insurance policy.

By debunking these myths about umbrella insurance, we hope you will be able to see more benefits of it. If you still have questions about this type of insurance and need some help, 925 Partners, serving clients from Jacksonville, FL and other surrounding areas, are ready to assist you. Do not hesitate to visit our office or give us a call for more information.

Life events that require you to rethink your life insurance

Posted on August 26, 2020August 26, 2020 by admin

Life insurance is one of the most important things people do to protect their loved ones. Nobody likes to think about their death, but if you do pass away, life insurance will take care of those you love. Life insurance needs to change over your lifetime, and some events require you to reassess the amount and type you have. Your insurance agent can help you out, and in Jacksonville, FL, 925 Partners is the one to call to make sure your life insurance meets all your needs.

Buying life insurance for yourself should begin when you get your first job. Your employer may provide some life insurance, but you should also get some yourself, so you never lose your coverage if you change jobs. The next life event requiring a rethink of your life insurance is the purchase of a home. If you have a mortgage, you don’t want to leave your family holding the bag. Having enough life insurance to cover your mortgage will take care of that.

Getting married is a significant life event, and part of your role in a marriage is to be sure your partner is always provided for. This goes for either partner, and making sure the name of the beneficiary on your policy is changed is also important.

When you welcome a child into your family, you start to think about the future. That future may include college for this child, and life insurance can help you to plan for that major financial event.

As you get ready to retire and look to your golden years, it is time to reevaluate what part your life insurance plays in your retirement.

Many life events happen and result in changes to your life insurance. 925 Partners in Jacksonville, FL will help you to determine the best way to make your life insurance work for you. Give us a call or stop by the office for a quote.

Three flood insurance mistakes to avoid to protect your property

Posted on July 29, 2020July 29, 2020 by admin

Flooding can cause extensive damage to Florida homes. That’s why it’s so important for homeowners in Jacksonville, FL to invest in a flood insurance policy.

When you purchase flood insurance, you need to make sure that you avoid making the following three mistakes.

Not understanding precisely what flood insurance covers.

One of the most important things to understand before you purchase a flood insurance policy is what it covers and what it doesn’t cover.

A flood insurance policy can’t be expected to cover every type of damage or asset. However, flood insurance should include things like your foundation, plumbing system, appliances, HVAC system, and carpeting.

Read the fine print to understand the exact extent of the coverage you’re getting.

Failing to compare quotes on flood insurance policies

Flood insurance providers will offer you quotes on policies without any commitment. For this reason, it’s important to get multiple quotes and to compare them. This will allow you to find the best flood insurance option for your particular needs.

Thinking you don’t need flood insurance because of your home’s location

Every home is designated as being in a particular flood zone. Some flood zones pose a greater risk of flood damage than others.

However, it’s essential to understand that every home could experience flood damage regardless of its location. It’s a good idea to invest in flood damage even if your home is not in an at-risk area. Homes that are not in high-risk areas often offer the benefit of relatively inexpensive flood insurance premiums.

Start exploring your flood insurance options with 925 Partners by giving us a call. We’ll find the right flood insurance solution for your home in Jacksonville, FL.

What Type of Auto Insurance Covers Vandalism?

Posted on June 29, 2020June 29, 2020 by admin

Auto insurance covers several types of occurrences. Theft and vandalism can occur at any time or place. The agents at 925 Partners offer residents in Jacksonville, FL a full line of auto insurance policies so they can purchase exactly what they need. Each agent can explain what type of policy is best for your vehicle and what kind of coverage is offered by each one. Florida requires that insurance be carried on all vehicles driven on public highways to ensure that all residents are protected from financial loss.

Comprehensive Covers It All

Comprehensive is the only type of full-coverage offered when it comes to auto insurance. Comprehensive insurance covers both theft and vandalism. Other policies only cover damage that is related to an accident or collision. Comprehensive policies are designed to compensate you (or your lender) in case your care is damaged in any way.

Damage Caused by Theft

Theft and vandalism often go hand in hand. If your car is broken into, there will more than likely be some type of damage. Damage can also be caused if your care is stolen. In either case, the only way to receive compensation for your damages is to have a full-coverage, comprehensive auto insurance policy in place.

At 925 Partners, the agents offer Jacksonville, FL residents the type of auto insurance policies they need to protect their vehicles adequately. Having full coverage on a newer car is essential and often required by your lending institution. Call and talk to one of the agents today to find out what type of policy is best for you. You can also schedule an appointment and visit our office for a policy review.

Is Commercial Insurance Required in Florida?

Posted on May 31, 2020May 31, 2020 by admin

There is no one-size-fits-all commercial insurance policy for your business in Jacksonville, FL. Still, some parts of commercial insurance will be required if you want to operate a business in the state of Florida. There are two types of commercial insurance required in the state, but an agent at 925 Partners can help you determine which coverage is best for your business, even if it isn’t required.

If you want to operate a business in Florida and have four or more employees, whether part-time or full time, then you will need to have workers compensation insurance. If you run a business in the construction industry, then you must have this type of commercial insurance, even if you have only one employee. Workers’ compensation covers medical bills for any work-related illnesses or injuries. If you have business-owned vehicles in the state, then you will also need to have a commercial auto insurance policy. The policy should have $10,000 for liability for bodily injury and $10,000 for property damage liability. Just like personal auto insurance, it covers property damage and injuries after accidents. Keep in mind that a personal auto policy will generally exclude you if you are using your car for commercial purposes.

Even if it is not required, it’s still best for businesses to have some added liability protection. General liability can be needed to cover common risks, such as customer injuries and property damage. Professional liability insurance can be used to protect you if your work depends on the expertise and includes things such as client lawsuits. Depending on the size of your business, you may be able to get a business owner’s policy to help you bundle general liability insurance and property insurance and protect your company against a variety of different business risks.

Contact 925 Partners in Jacksonville, FL to get a quote on commercial insurance.