Here in Florida, it’s almost always pool season. If you’re planning on installing a new pool, make sure that it’s properly insured and that it complies with local safety standards. The Insurance Information Institute has some tips on how to approach getting your new pool. Contact your city because each city has different standards for installing a pool. Your new pool must also comply with local safety standards and building codes. Such codes may include installing a fence, deck and other safety equipment. Also notify your insurance agent because installing a pool will increase liability risks and your agent can advise you about any policy changes you should make. For example, most homeowners policies include a minimum of $100,000 worth of liability protection. Your agent might suggest increasing that amount to $300,000 or $500,000. It’s also a good idea to update your policy to cover your pool structure in the event that it is destroyed by a storm or other disaster. Making additions to your home is exc ...

Florida Peninsula Insurance Company offers basic tips to help understand your homeowners insurance policy.

Florida Peninsula Insurance Company helps you with information about what is protected under a homeowners insurance policy.

  When it comes to insurance policies, it’s important to understand how an insurance deductible works. A deductible is the amount deducted from an insured loss. A deductible can either be a specific dollar amount or a percentage. Typically, the larger the deductible, the less a consumer pays in their premiums. For example, if you have a $500 deductible, you would pay this amount and the insurance would cover anything above the $500. So if your insurance company determined you have an insured loss of $10,000, you would receive a claims check for $9,500. Percentage deductibles are calculated based on your home’s insured value. So if your house is insured for $100,000 and you have a 2 percent deductible, $2,000 would be deducted from a claim. If the insurance company deemed your loss $10,000, you would receive $8,000. Speak with an agent today and discuss the best deductible for your home. For more important information about insurance deductibles, click here.  At Florida Peninsula In ...