Lawrence Insurance Agency

As hurricane season approaches make sure your home is insured properly! Severe weather can strike at any time, bringing heavy rain☔️, strong winds💨, hail🌨️, or extreme heat 🔥that can damage your home. Preparing your property in advance can minimize potential damage, reduce costly repairs, and keep your family safe. Whether you’re dealing with hurricanes, tornadoes, or thunderstorms, here are key steps to protect your home from severe weather.

✅ Secure Your Roof and Gutters

✅Reinforce Windows and Doors

✅Trim Trees and Secure Outdoor Items

✅Prepare for Flooding and Water Damage

✅Check Your Home’s Insurance Coverage

No matter how well you prepare, severe weather can still cause unexpected damage. Reviewing your homeowners insurance policy annually can provide peace of mind, ensuring you have adequate coverage for storms, flooding, and other natural disasters.

Contact Lawrence Insurance for a home insurance policy review. Our experts can help you understand your current coverage and recommend any necessary adjustments so that you can feel confident that your home is properly protected against severe weather.

Boat & Watercraft Insurance

Lawrence Insurance can help make your time on the water relaxed and worry-free. We will find you comprehensive protection that protects you, your friends and family, your watercraft and your boating equipment. The average boat costs less than a dollar a day to insure. You’ll enjoy being on the water even more when you aren’t worried about your safety, the safety of your passengers, or your investment.

Here are some items you’ll need to consider when shopping for boat insurance.

• Navigational Area
Know where you are covered in the water. Some insurance companies offer protection that covers you up to 75 miles from the U.S. coastline, into Canadian coastal or inland waters, and into the Pacific coastal waters of Mexico. In California, Florida and Oregon, coverage for additional areas can be purchased.

• Agreed Value Coverage
Watercrafts depreciate just like cars. Actual cash value policies can make it difficult to replace a boat that has been stolen or destroyed. This means that if your boat is a total loss you will get the value you insured it for, minus any deductible.

• Liability
Like car insurance, personal liability coverage provides coverage to other boaters and boat owners in the event you are at-fault for an accident on the water. This coverage will pay to repair or replace the property of someone else as well as for their medical care, lost wages, and other costs incurred as a result of a boating accident for which you are at-fault.

• Medical Payments
Medical payments coverage will pay for the cost of needed care that is the result of a boating accident. This coverage is available from $500 to $10,000 and covers you, your passengers, and even your water skiers/tubers, regardless of who is at-fault.

• Physical Damage Coverage
Physical damage coverage pays for the cost to repair or replace your watercraft, its motor, any permanently attached equipment, and your trailer if it is stolen or damaged.

• Uninsured/Underinsured Watercraft Bodily Injury
Since boat insurance is not always mandatory, many boaters choose not to get insurance. If you are hit by an uninsured or underinsured boater and you are injured, this type of coverage pays for medical treatment, lost wages, and other costs associated with the accident.

• Fuel Spill Liability and Wreckage Removal
Should your boat sink or be seriously damaged, there is a chance that it could leak oil or fuel into the water. As the boat’s owner, you are required by law to have this cleaned up, which can be time consuming and expensive.

• Personal Effects
Your policy can provide coverage for many personal effects, including clothing, jewelry, cell phones, scuba/snorkeling and other sporting equipment, and fishing equipment. Limits vary by state, so check with us for what's required in Florida. Personal effects coverage does not include jewelry, watches or furs.

• Unattached Equipment Coverage
This pays to repair or replace equipment that isn’t permanently attached to your boat or personal watercraft, but is designed for use primarily on a boat. This includes items like lifesaving equipment, water skis, anchors, oars, fire extinguishers, tarps, etc.

• Emergency Assistance
The Emergency Assistance Package provides coverage for towing, labor and delivery of gas, oil or loaned battery if the watercraft is disabled while on the water.

Happy 4th of July from Lawrence Insurance Agency! We hope you have a safe and fun-filled day celebrating with family and friends. 🇺🇸 🧨

It’s an unfortunate fact that life expectancy in the US has dropped recently. This has led many people to examine whether or not they should have a life insurance policy and, if so, how much coverage they should have. Here are some basics about life insurance, intended to help you decide whether it’s the right protection for you and your loved ones.

Do I Need Life Insurance?

Life insurance pays out when you die, providing funds for whomever you name as a beneficiary in the policy. Usually, beneficiaries are spouses or partners and children, although they can be anyone who depends on your income financially to survive, like grandchildren or a sibling with a disability.

Would your family’s home be at risk without you there to provide for them? Would your children be able to attend college? If they would be unable to pay for the things they have now or have planned for the future, life insurance is a must. It will give everyone involved peace of mind knowing they will be okay financially even if the worst happens.

How Much Life Insurance Should I Get?

The general rule of thumb is you should provide at least 6-10 times your income with a life insurance policy. However, you may wish to have more than that if you have a large number of dependents, an expensive mortgage, or other expenses that would be hard for your family to meet after your passing.

A substantial life insurance policy can be very difficult and costly to obtain the older you get because the risk of you needing the policy increases with age. Therefore, starting your policy while you’re still young and healthy is best, giving you time to let it grow without it being a financial burden and to minimize the chance that you’ll be turned down for coverage due to poor health or advanced age.

What Are the Different Kinds of Life Insurance?

There are three basic kinds of life insurance:

Term life insurance - coverage for a specific period of time

Whole life insurance - coverage for your entire lifetime

Universal life insurance - a mix of term and whole life with more flexible premiums

It can be challenging to decide what kind of insurance to purchase and exactly how much to get. That’s why it’s important to work with an experienced insurance agent and not simply buy any old policy online.

Need help finding the personal insurance coverage that’s right for you? Call Lawrence Insurance at 863-467-0600 to get the personalized help you want.