Park & Associates Inc Blog
View the latest blog posts from Park & Associates Inc.
Thursday, April 2, 2020Do you feel like your homeowner insurance premium is always on the rise? To help you better understand why, here are some of the reasons: Even though, we did not have any major hurricanes in 2019, Florida home insurance rates continue to reflect the damage from Irma which hit the state in September 2017 and caused $11. READ MORE >>
Thursday, February 27, 2020In today’s world nearly every company has a cyber risk. It seems that daily, we learn about yet another cyber security incident and there is no evidence to suggest this trend will slow down in 2020 – brace yourselves! It’s not all ominous, however. READ MORE >>
Monday, February 10, 2020The largest difference between the two types of policies are that an HO3 policy is specifically for a house that is owner occupied and an HO6 policy was created for a condo unit owner. The HO3 policy is a mixture of named perils and open perils coverage. The HO6 policies tend to be fully named peril policies. READ MORE >>
Thursday, January 2, 2020On the morning of December 11, 2019 one of South Florida’s largest car dealerships was paralyzed by a cyber attack. Arrigo Automotive Group was a hacked with ransomware during one of the busiest months of the year for the local dealership. The hack left employees without work for days until new computers were installed at a price tag of $285,000. READ MORE >>
Wednesday, November 27, 2019The majority of community associations do not have direct employees and question the need to carry a Workers Compensation policy. There are two reasons that an association needs to carry a Workers Compensation policy. READ MORE >>
Wednesday, October 30, 2019When purchasing homeowner’s insurance, one of the main considerations is determining how much coverage is needed for the structure. Insuring your home at replacement cost is recommended and should not be insured based on the market value. Market value is the value of the home including the land which is not covered by the policy. READ MORE >>
Thursday, September 26, 2019House fires can happen very fast and sometimes they can be deadly disasters. There are many precautions you can do to avoid a kitchen fire: 1) Install a smoke detector close to the kitchen to sense a fire, but not close enough that it will trigger every time you cook something a bit smoky or steamed. READ MORE >>
Wednesday, August 28, 2019Does your business have employees? Do you welcome your clients, future clients, etc. onto your business premises? If you answered yes to either of these questions then you need EPLI coverage. Some insurance policies offer this coverage under your General Liability insurance, but they are usually ... READ MORE >>
Monday, July 22, 2019Can you afford to be closed for business while repairs to your building or personal property are being made after a loss? The answer is probably a resounding "NO!". Business Income is protection against loss of income or profits, in which a business has suffered a property loss or damage from a covered peril under the insurance policy, such as a fire or hurricane. READ MORE >>
Monday, July 1, 2019Summertime is here and most of us are planning to take some time off. It’s important to make sure that your home is well protected when you are away. Here are some important tips to consider: Install a home monitoring system which is a peace of mind investment. READ MORE >>
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