Real Estate / Lender Professionals
Professional Real Estate Insurance in Orlando, FL
We’ve been owned and operated by a former realtor for over 25 years, and we can guide and support you in finding the perfect coverage for your clients and your own real estate business. Universal Insurance Agency provides invaluable assistance for real estate professionals regarding real estate insurance for their Orlando, FL, and surrounding area residential and commercial clients.
General Liability
General liability insurance helps protect a company’s assets when accidents happen. It covers costs if someone gets hurt or property gets damaged due to unforeseen events. Property protection covers accidents or injuries that occur on company property. Product protection covers damages or injuries caused by a product’s design or malfunction. Operations protection relates to any other business operations that might cause harm. If a company faces a lawsuit because of these issues, general liability insurance helps with the legal costs. This includes lawyer fees, court expenses, and any lost wages from attending court.
Professional Liability Insurance
Professional Liability Insurance, also known as Errors & Omissions (E&O) or professional indemnity insurance (PII), protects businesses that offer professional advice or services. This insurance helps cover costs when a client claims the business was negligent and sues, including legal defense and any damages that may need to be paid. Depending on the policy, it can cover defense costs even if the lawsuit is unfounded. However, it does not cover criminal charges or various other liabilities that might need different types of insurance. Professionals in fields like medicine, law, real estate, and others are often required to have E&O insurance.
Building and Contents Coverage
Contents coverage safeguards business belongings, including desks, chairs, computers, and software, in rented offices or owned buildings. Additional coverages can also be tailored to specific needs.
Valuable Papers Coverage
If critical documents need protection, valuable papers insurance is critical. If essential records are damaged or destroyed, this insurance helps cover the replacement costs. It pays up to the policy limit after the deductible is paid. Here’s what it covers:
Client records, drawings, contracts, deeds, mortgages, manuscripts, books, maps, and more.
Fire, water damage, and other unexpected events.
Employee Dishonesty
An Employee Dishonesty policy protects businesses when employees steal money or products for themselves or someone else. This coverage can help even if the business owner can’t determine who the dishonest employee is. Depending on the policy, it may offer various benefits, including protection for losses caused by unidentified employees.
Workers Compensation
Most states require employers to buy insurance to cover workers injured or sick because of their jobs. No matter if the business is big or small, dealing with these insurance needs can take time and effort. We are here to help your clients with these challenges.
Bond Insurance
Bond insurance is crucial if your clients manage significant amounts of money or valuable assets. Here’s why:
If your clients or employees deal with lots of cash, bond insurance can protect them against potential risks.
Does your client oversee important company properties or investments? Bond insurance helps safeguard their valuable resources.
If your client's role involves direct access to a company’s cash, securities, or accounting records, bond insurance provides an added layer of security.
For those managing investment funds, bond insurance is essential in protecting against losses and ensuring trust.
PEO Insurance
Using a Professional Employer Organization (PEO) can save businesses both time and energy. Normally, much effort goes into preparing payroll and managing employee benefits. A PEO handles these responsibilities, which can also help avoid potential legal issues. Here’s what they do:
- Secures Workers’ Compensation insurance at a lower cost.
- Covers both the PEO and client companies.
- Eliminates the need for audits by the workers’ comp company.
- Streamlines HR tasks.
- Reduces costs.
- Minimizes legal risks.
Auto Insurance
When someone buys auto insurance, they’re not just protecting themselves from physical damage and injuries in a car accident. They’re also financially shielding themselves from theft and other vehicle damage. The most important thing is ensuring enough coverage to meet state requirements and personal needs. Our policies can be customized to fit what your clients need. There are different types of coverage available, including:
Covers medical costs if someone gets hurt.
Covers other people's property.
Protects against theft and non-collision damage.
Covers damage from accidents.
Homeowners Insurance
Homeowners insurance helps protect properties from losses due to fire, theft, vandalism, and other claims. Property protection covers the contents of homes. Loss of use coverage can pay for extra living costs if the home becomes unlivable due to a covered event. Personal liability Protects the homeowner if someone gets hurt or their property is damaged while on your premises. Guest Medical Coverage pays for medical expenses if a guest is injured at your home. This type of insurance is essential for homeowners looking to safeguard their properties and investments.
Condo Insurance
Condo insurance included in association dues does not cover furniture, electronics, or fixtures like cabinets, mirrors, light fixtures, window treatments, and flooring. It only covers the building or property. This means the person living in the condo is responsible for everything inside the unit, from the drywall finish to personal belongings. This is why getting extra coverage is so important when buying a condo.
Flood Insurance
Flood insurance protects against direct damage caused by floods and related disasters. It covers the building itself and can also include coverage for personal belongings. Banks will require proof of flood insurance for homes in moderate-to-high-risk flood areas before closing on a loan. Even if the property is not in a high-risk zone, it’s wise to get a preferred flood insurance policy, which can be very affordable.
Renters Insurance
If your client rents a home, condo, or apartment, renters’ insurance is a must-have. This insurance protects them when disasters like storms, burst pipes, fires, and theft happen. It covers personal belongings and can also provide liability coverage if someone gets hurt or property gets damaged. Roommates can also get a policy to cover their items. Renters insurance is a small cost that can save lots of money in the long run.
Boat
It is essential for boat owners to have insurance. Similar to auto insurance, a boat policy provides various forms of protection. Here’s what it includes:
- Physical Damage Coverage: Protects the boat owner if the boat crashes into another boat or an underwater object.
- Liability Coverage: Covers costs if someone gets hurt or if there’s damage to someone else’s property.
- Personal Property Coverage: Safeguards personal items like electronics, cameras, clothing, and more.
- Towing Assistance Coverage: Offers services like gas delivery and transportation to a repair shop during emergencies.
Motorcycle Insurance
Motorcycle insurance protects passengers and drivers from physical harm and property damage in an accident. It also covers people who are held responsible for causing harm or damage. Here are the key types of coverage:
- Bodily Injury: Covers medical expenses for injuries caused to others.
- Property Damage: Pays for damages to someone else’s property.
- Comprehensive: Protects against non-collision-related incidents like theft or fire.
- Collision: Covers damage to your motorcycle from an accident.
Umbrella Insurance
Umbrella insurance is a particular liability coverage that adds extra protection to existing insurance policies. It covers all other policies, such as auto and homeowner’s insurance. If a regular policy’s coverage isn’t enough, umbrella insurance covers the rest. It covers claims from different types of policies under it. For instance, if you have auto insurance with up to $500,000 in coverage and a $1 million umbrella policy, your total coverage for an auto claim would be $1.5 million. Umbrella policies typically sell in $1 million increments.
RV Insurance
An RV insurance policy can cover many types of vehicles. This includes motor coaches, motor homes (Class A, B, & C), campers, camper vans, travel trailers, pop-ups, toy haulers, and fifth wheels. An RV policy gives the vehicle owner the protection to enjoy vacations without worry.