Our Products
At the Bay Harbour Insurance Agency we offer a wide variety of insurance types and policies for every need. Choose one, two, or a combination of coverage and we'll make sure it's all constructed in an easy to understand policy that you won't have to worry about. |
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Automobile Insurance:
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The best automobile insurance program is the one that provides you the right coverage for your situation, at the best cost. There are many options to consider and decisions you can make. For example, choosing the right coverage amounts for property loss or damage and personal liability. Or, whether or not you should lower premium costs by "self-insuring"-choosing a higher deductible amount.
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Considerations:
- Deductible amount
- Safe Driver credit
- Under 25 driver in the family
- New driver in the family
- Multiple car discount
- Homeowner/auto account discount
- Anti-theft device discounts
- In-auto devices (phone, computer, GPS, etc.)
- Anti-lock brake discount |
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Homeowners Insurance:
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The best homeowners policy is one that adequately protects the value of your property and personal belongings, for the best cost. Whether you own a home, condo or mobile home-we have a program for you. We also have a special program for renters. Our professional staff will carefully explore your options, including replacement cost coverage on your home and personal property. Homeowners, mobile homeowners, and condo owners policies insure your property, personal liability, and your personal property up to a certain limit. Renters insurance covers your personal belongings and personal liability.
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Considerations:
- Safety discounts: anti-theft locks, alarm systems
- Non-smoker household discount
- Replacement Cost Valuation
- Need for personal liability "umbrella"
- Home/Auto discount
- Need for flood, earthquake insurance
- Collections, jewelry, silver coverage needs
- Condo Association master policy limits
- Windstorm deductibles
- Value of your home's contents
- Business in the home
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| Boat Insurance: |
| Make waves with our top-rated boat owner insurance program. |
| This year, power-up with a lower insurance premium. We have the right solution for physical damage and liability coverage. |
Our Advantages:
A wide range of deductible options to control costs Emergency assistance and towing service Protection against damage from an uninsured boater and many more. |
| Flood Insurance: |
Special coverage is required if your home or business is located in an officially designated Flood Plain Zone or a coastal or other area prone to periodic flooding.
A basic homeowner's policy won't cover flood damage. If your community has adopted certain standards required by the National Flood Insurance Program (NFIP), a program FEMA oversees, your cost for flood insurance will be relatively modest. If you own high-valued island or coastal property, you will need special coverage from a private insurance company that offers flood insurance coverage. In either situation, Lupton & Luce can help.
This situations and coverage options for flood insurance can get a bit complicated. Our specialists will help make sure that you are properly protected. |
| Personal and Business Umbrellas |
| As the name implies, Umbrella policies cover a broader range of risks than standard Homeowners and Business policy coverage. |
| Personal Umbrella: Low-cost liability coverage that offers extra protection beyond the limits of liability on your auto and homeowners policies. It provides extra security if you're sued for damages involving your car, property or while you are participating in activities such as golfing, boating or skiing. Have a young driver in the family? Own a dog? Have a swimming pool? Operate recreational vehicles or a boat? These are all good reasons to look into umbrella coverage. |
| Business Umbrella: A commercial umbrella provides higher limits over your General Liability coverage and your commercial auto liability policy. Like a personal Umbrella, it gives you extra security against the high costs of liability suits. |
| We can help you determine what your situation calls for and counsel you on the purchase the right amount of coverage, at the right cost. |
| Business Insurance |
| The best insurance program for your business is one that provides a broad range of coverage's, at the best cost. We are business insurance specialists. We represent quality insurance companies. We offer insurance for your business facility, inventory, automobiles, business liability and workers' compensation plan. Our services include Business Owners Policies (BOPS), Commercial Auto, Manufacturers and Contractors programs, Commercial General Liability, Professional Liability and Specialty coverage's for more difficult risks. We also offer bonding services. Our clientele includes sole proprietors, partnerships and corporations in a wide range of business classifications. |
Considerations:
- Safety and loss control services
- Directors and Officers Liability
- Errors and Omissions coverage
- Product Liability needs
- Workers' Comp claims service
- Seasonal business considerations
- Business Interruption insurance
- Specialty surety bond requirements
- Contractors' BOP |
We have some excellent employer-employee health insurance coverages and options for your business: Hospital, Major Medical, Disability Income and Long Term Care. Each plan is available on a group purchasing basis. There are many considerations involved in purchasing decisions, of course. The overall quality of the plan's coverages and provisions, how the plan matches up with your company's needs, co-insurance and deductible options, access to healthcare providers�to name a few.
Our Group Health business specialists will work closely with you to put together a plan that is responsive to your objectives |
| Our Life Insurance services begin with a needs assessment interview, followed by recommendations and options for your review. With Bay Harbour Financial Services, you have a wide portfolio of products from which to choose. Your decision depends on your family or business needs, and on how your insurance best fits your overall financial plan. |
Considerations:
- Family income protection for your current living standard
- Pay off debt obligations such as mortgage, car payments, tuition
- Pay for children's education expenses
- Compensate a company for the loss of a key employee
- Fund a buy-and-sell agreement between business owners
- Pay for taxes or other final obligations necessary to settle an estate
- Accumulate funds to supplement retirement income |
| Types of Life Insurance: |
| The two basic types of life insurance are Term and Cash Value. There are many variations on these two. Generally speaking, a Term policy provides life insurance for a specific period of time and creates little or no cash value. Cash Value policies usually last for the lifetime of the individual who is insured. This type of policy has a cash accumulation feature that can be used for collateral or for borrowing. |
| Some examples of popular types of Cash Value policies, and basic distinctions are: |
| - Whole Life (also know as ordinary life, straight life, traditional permanent insurance): has guaranteed premiums and death benefits. |
| - Universal Life: Allows you to vary, with limitations, the amount and timing of premium payments and the death benefit. |
| - Variable Life: You can direct the distribution of your premium payments among several different accounts, rather than that of one company. Typical account choices are: common stock, bond, mortgage, money market accounts. Your death benefit and cash value benefits vary in relation to the value of the investments underlying the policy. |
| - Variable Universal Life Insurance: Combines the flexibility of Universal Life with the investment account features of Variable Life. |
| - Joint and Last Survivor Life Insurance: Designed to pay death benefits only after the second of two people has died. It is normally used in fairly complex estate tax situations. You will want to discuss the purchase of this type of insurance with a tax advisor. |
