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A Guide To Help Florida Residents Find Trucking Insurance

Based out of West Palm Beach, FL, Atlantis Insurance Inc. is an independent insurance agency that offers multiple coverage options to South Florida residents. We are committed to helping our clients find the insurance coverage that they are looking for. As an independent insurance agency, we can help our clients by offering them custom policies specifically designed to satisfy their needs.

Trucking Insurance

Truckers spend a lot of time navigating Florida roads, which becomes challenging at times. Trucking insurance can be a valuable asset. Trucking insurance helps you protect your investment. The policy covers your vehicle, as well as the cargo stored on your truck. There are a few things to consider while you research different policies.

First off, it’s essential to analyze the type of truck that you are using, as well as the business that you are operating in. If you are running a big rig, you may require different coverage than if you were operating something smaller. It’s also important to analyze the amount of risks that your truck is involved in. While researching different policies, think about the type of cargo on board, whether you are hauling any hazardous materials, and also if any passengers are riding along with you.

Your trucking insurance policy should include liability coverage that protects you if your truck causes damages to someone’s property or results in someone getting injured. The liability coverage will also protect you if you deliver cargo to the wrong address. If you are transporting valuable cargo, you can amend your policy to include cargo coverage. Cargo coverage will protect you in the event that any items on the truck are stolen or damaged.

Atlantis Insurance Inc. will Help You Find the Right Policy.

Providing excellent customer service to our clients is one of our primary goals. Stop by our office in West Palm Beach, FL, and we will assist you today.

Tips for Downsizing Seniors on What to Do with Their Old Home

By Jim Vogel

Whether your home raised multiple generations or just one, deciding what to do with it in the midst of a downsize is tough. Do you sell it off?  Pad your retirement by renting it? Or pass it along to a family member? We sorted out the big details so you can find your direction and start moving forward.

Examine Finances

Any time you’re making a real estate transaction, it makes sense to have all your financial ducks in a row. Whether you’re selling your house, renting it out, or planning to give it to a family member, you should start out with a solid understanding of how much it’s worth. Before you go too far, get an estimate of what your home might be worth on today’s market.

Also take a hard look at figures like your monthly income and how much you plan to spend on your next home. If you’re selling and can purchase a house outright, that’s wonderful, but if you need to budget for a mortgage, you’ll want to tally what you can afford to spend on the next property (homes in West Palm Beach averaged $253,000 in the last month).

Also consider the expenses associated with properties you’re considering. You can price insurance with Atlantis Insurance instantly, and you can easily get an idea of how much utilities will run with an online search. You don’t want to get in over your head, and just because a house is smaller, doesn’t necessarily mean it will be inexpensive.

To Market, to Market

Selling a house is a common choice for those in the midst of downsizing. If your home is paid for, it’s a chance to potentially purchase the next property with cash. It could impact your financial picture in other ways as well, like padding your nest egg or paying off debts. Or perhaps you always dreamt of purchasing a vacation home, and now’s your chance. Whatever your motivation, selling is a solid choice, but there are a few considerations. 

There is a lot of work involved in getting a house ready for the real estate market, and sometimes there is a bit of expense if you need to make many renovations or hire a professional stager. In the end, if you’re careful with your numbers, you can turn a decent profit by your downsize.

For Rent

Selling isn’t the only way to make money on your abode. Some seniors elect to rent out their property, either as a short-term or long-term rental. While it’s appealing to hang onto your asset and make money from it at the same time, be forewarned, a lot of work goes into either of these options.

GuestReady points out vacation rentals can be quite the responsibility, since you need to keep up with all the usual maintenance and financial obligations like taxes and utilities, and on top of that, you need to advertise, manage bookings, and clean up after guests.

Similarly, becoming a landlord can be pretty involved. You still have the same financial and maintenance concerns, and on top of that, you need to worry about things like advertising and bad tenants.

For many seniors considering this option, hiring a property manager can be a smart choice, although it’s one more expense to figure into your budget. If you go that route, find someone close by with a proven track record, and check references for best results.

Family Fun

Sometimes seniors like the idea of giving the home to family members. There is nothing wrong with this option; however, LawDepot notes there are a number of tax and legal considerations involved. If you would like to see your family homestead raising future generations, or if you simply have a loved one in need of a roof overhead, be sure to discuss particulars with an attorney.

Seniors have a lot to think about when they are downsizing, and one of their biggest decisions is often the old homestead’s fate. Sell, rent, or give it away, there is much to consider. Crunch some numbers and think about what will be best for you in the long run, and you’ll find your answer.

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