Insurance Blog

Living The Florida Lifestyle and The Insurance That You Need.



When most Americans think of Florida they instantly think of Miami or tall buildings.

People rollerskating near the beaches.

They think of free spirits and eating good food.

There is a feeling of life and an atmosphere that can sometimes be a little too much.

Some feel like Florida is the place to vacation but not to live or raise a family.

The truth is that Florida is a very unique state.

In fact it is the only state in the United States that has a tropical climate.

It is the only state in the United States so surrounded by water.

There are many unique things about Florida life.

But for every uniqueness, there is also something that feels like home.

There is a sense of welcomeness and openness that few others states have.

If you have been thinking of moving to the “land of flowers” you may be on the right track.

There are hundreds of reasons why living here, purchasing a home here, and settling down is the right choice.

Facts About Florida

Florida is called “the land of flowers” as this is what Florida means in Spanish.

There is a huge cultural diversity here from Spanish Speakers from all over the world.

Cuba descendants can call Florida home almost as much as American born citizens.

The atmosphere of some parts of Florida is what it is in Cuba.

And although there was a time when America didn’t like this fact, now it is celebrated.

Florida is surrounded by water which is clear and rich with wildlife.

The Florida Keys are a unique part of this beautiful landscape.

These islands located in the South of Florida are attached by over 40 bridges.

This not only makes for a stunning vacation spot for many people every year, but a great retirement opportunity as well.

Florida is a great place for people to settle in the winter time.

Most people head south for the winter just like the Geese do.

This great state has everything from the Everglades to great home prices.

Getting the right type of cheap insurance Florida residents need is a large part of survival here.

Florida happens to have hurricanes.

Well, it’s surrounded by water so what do you expect?

Many people tend to have the mind set that hurricanes are not as bad as not living in Florida.

Others are afraid to move here because of the large homeowners insurance policies you need.

What Insurance Will I need?

Here is a simple breakdown of the types of insurance you may need to truly live life to it’s fullest in Florida:

Car Insurance is a must and that means it is mandatory.

Florida state is a “no-fault” state. This means that an individual’s insurance company covers their losses regardless of fault.
Florida requires a minimum of $10,000 for Personal Injury Protection.
Florida also requires a minimum of $10,000 Property Damage Liability.
More coverage may be necessary:
Collision coverage which will pay for you and your own car in an accident. Even though Florida is a no-fault state, there may still be damages or medical expenses that need to be covered.
Comprehensive coverage will cover things such as theft and smaller damages not incurred in an accident.
Medical coverage for you and your passengers- Medical coverage can make a huge difference for your security and safety.
Towing and roadside assistance- You may not only need this for a crash, but if you break down. Roadside assistance can save you time and money.
Rental reimbursement- You could be covered or reimbursed for a rental car when you are involved in a crash.
Uninsured Motorist coverage- this will make sure that you are still covered even if someone without insurance hits you.

Homeowners insurance is not mandatory as a state law, but lenders require it.

Plus living here, you can run into a few natural disasters from time to time.

Be prepared with the right amount of cheap homeowners insurance Florida residents need.


Homeowners insurance needs:

You could be covered for the following with a basic policy-

Damage to your home, including permanent structures on your property—unless your policy specifically excludes the cause of the damage
Damage to personal property, meaning the items in your home that are not attached to the dwelling, due to causes outlined in your policy
Liability coverage for legal matters or accidents that occur on your property
Loss of use, which allows you to maintain your lifestyle at another residence while your home is being repaired without incurring additional costs
Limited coverage for items such as stolen jewelry—the amount of coverage varies depending upon state of residence, and you always have the option to increase this coverage.
It depends on what you are looking for exactly, but for the most part, a basic homeowners policy will do just fine.

Many residents in Florida have pools. It is sort of a way of life here. That being said, you need extra liability insurance for this.Usually a standard liability policy with homeowners insurance is around $100,000. When you have a pool in your house, the suggested amount of liability coverage goes up to $500,000. Why? Pools are considered dangerous to visitors. If you have a fence around your pool, this is a great way to make it safer.

Insurance can save

Cheap motorcycle insurance in Florida is not mandatory in Florida which is another unique thing about this state.
Life insurance is also something that is not mandatory, but because of this large retirement state, selling life insurance is a large industry. Check into this if you have dependents.
Health insurance is mandatory everywhere in the United States and Florida is no different. Ask a broker what this means exactly. Rates for health coverage are based on your annual income.
Cheap car insurance Florida is of course needed. Any and all states require you to have car insurance. Florida also has a state minimum which is stated above. For the most part, people have to drive in this state. Unlike New York or Boston, larger cities such as Miami, don’t have the public transportation on the scale of those other cities..
Insurance is a large part of living in Florida because you don’t only want to protect your assets but your family.

Getting What You Need

Here is a re-cap of why Florida is so great and why you simply need to live here.

Housing affordability is very important. You can actually afford to own a home here. You may need extra cheap homeowners insurance Florida residents want, but that is a small price to pay for owning a home of your own. Unlike states like California or New York, the increase in wages meet with the increase in housing costs. This means that the income you are making in Florida correlates to the housing market. Simply put: you can afford to own a home here and you don’t have to be rich!
Education is everything! Many communities in Florida have the funds for great public schools. This is a must when you are a young family looking to settle down. For the most part, Florida is a combination of a retirement state and a College state. This means people choose to move here every year young and old.
Beauty abounds when you have water all around. There are simply so many great beaches and outdoor activities. Florida is also a good size so that you and the family can take a weekend trip to the Keys and only travel a few hours. Go to Disney World which is located in the center of the state. Easy access is one of Florida’s greatest assets.


This is an informative article found here, on Florida living as well as insurance needed for Florida residents. The original article contains a section on great places to live in Florida.


4 Things Life Insurance Is Not

Are you confused about life insurance? I don’t blame you. When I first started writing about finances more than a decade ago, my understanding of life insurance was limited.

I knew about life insurance because it was offered through my employer, and I thought a $50,000 policy was a lot of money. I also recognized insurance company names from late-night TV commercials and the occasional bit of junk mail.

I understood “insurance” to be that stuff that you had to have for your car, your home, and your health. The “life” part was a big, blurry blob of “other.” If that’s how you’re feeling, here are a few tips that might help bring things into focus—by understanding the “nots.”

1. Life insurance through work is generally NOT enough. Since learning this myself some years back, I’ve noticed that many people never explore life insurance past what is offered through their work. Policies through work are a great benefit to have, but are usually limited to one- or two-times your salary or a fixed amount like $50,000. Plus the coverage typically ends when your employment there does.

How far will an amount like that go when you consider what’s left behind for your loved ones: the loss of your income and mostly likely debts and bills. What about things like rent or mortgage, child-care and education costs?

An easy way to get a working idea of how much life insurance you need is with a Life Insurance Needs Calculator from a neutral source like

2. Life insurance is NOT a luxury item. Many people have not even considered buying life insurance because they’re convinced it’s a luxury. In a recent study by Life Happens and LIMRA, consumers thought the cost of a 20-year, $250,000 level term life insurance policy for a healthy 30-year-old was three times higher than it generally is. Younger people, in particular, overestimate the cost of a term policy by a factor of five.

If you took a guess at what that policy above would cost, what would you say? It comes out to about $13 or so a month for that policy. Definitely not a luxury—most of us spend more than that on a meal out.

3. Life insurance is NOT just about covering funeral expenses. While covering funeral expenses is very important, and a major reason people purchase it, life insurance does so much more. If something happens to you, life insurance benefits can help replace lost income, or pay off a mortgage, or help ensure a college fund or safeguard a retirement nest egg.

The proceeds of a life insurance policy are generally tax free and can be used for anything your loved ones may need now and well into the future. Amazing, right?

4. Life insurance is NOT just for really healthy people. Granted, life insurance is less expensive the younger and healthier you are, but don’t discount it just because you’re not in triathlete shape!

Many people don’t considering buying life insurance because they think they won’t qualify. But when certain health conditions, such as diabetes or high blood pressure, are under control with a doctor’s guidance or medication, it’s often possible to qualify. You may even be able to get coverage after a heart attack. Just know that it is probably best to work with an experienced insurance agent if you are concerned about a health issue and qualifying for coverage.

Now, if you’re a bit overwhelmed with this information and perhaps don’t know where to start, just know that we would be happy to sit down with you at no cost to go over your needs and help you get life insurance coverage to fit your budget. If you don’t have an agent or advisor, go here for suggestions on how to find one. You can also tap the Agent Locator there to find someone in your area.

Remember, the right agent or advisor can help you make sense of the confusion and get you on track for the financial future you want—with the protection your loved ones need.


Call us today at The Roe Agency, we will be happy to go over all of your insurance needs and address any questions that you may have. (239) 593-7333


Do I Still Need Life Insurance Once I Retire? Your Questions Answered


Do I need life insurance once I retire? Just because you’re retired doesn’t necessarily mean you’re financially sound.

Think of all the different scenarios that may still be applicable: You may have been required to retire early; you may have had investments that have gone sour and haven’t had time to rebuild your nest egg. Additionally, there may be a need to cover final expenses, you may have children still at home who depend on you, or you may have a family member like an aging parent or special-needs sibling that you provide financial support for.

The bottom line is this: If you owe someone, love someone, or someone depends on you financially, you need life insurance. And just because you’re retired or old doesn’t mean those three things go away.

Do I need the same amount of life insurance coverage as I did before? If you bought the life insurance to replace income and have built up your investments, maybe not.

Then again, if you have built up your investments over the years, there may be some state or federal inheritance tax that will have to be paid upon your death. And even if there is no federal tax, there may still be significant state inheritance tax. There are also things like probate costs, administration costs; there might be final debt or a mortgage on house, too. So as long as there is some type of financial exposure, you need life insurance to match up with that.

If I don’t have one, is it still possible to buy a policy in retirement? Absolutely. Just because you’re old or older doesn’t mean you’re uninsurable.

I just got a call from someone doing planning for the family patriarch who’s 85 years old. They realized that right now, the estate is worth more than the combined amount of federal exemption and that there will be tax to pay. That’s where life insurance comes in, at less than a dollar for each dollar of tax.

Another reason to have the coverage is if someone has taken 100% pay-out on their pension, with no survivorship provision. If that person dies, no money gets paid out to the surviving spouse. This is more common than you think. Nor is it unusual to hear that someone remarries and forgets to change the pension beneficiary. Life insurance can ensure that the spouse is taken care of.

What else should I know about having life insurance in retirement? People don’t often talk about the living benefits of life insurance.

Let’s say you no longer need the death benefit, but are living with a lingering, terminal illness and may not have sufficient cash to pay medical expenses. The accelerated death benefit provision means you can go to the insurance company and pull down money from the policy to absorb the costs of that illness and avoid bankruptcy.

A permanent life insurance policy is also a place to put money aside that gives you a better rate of return than a low pay-out CD or putting money in a safely deposit box. It’s a way to have some safe money invested at no risk—it’s just there for when you need it.


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