Sometimes it is just as important to know what is excluded from your insurance as much as what is included. Ask anyone who owns a motorcycle in Ponte Vedra Beach, FL and they will tell you insurance is massively critical. It can be dangerous on the open road, and you never know what will come next. With motorcycle insurance, though, there are standard exclusions our team at Palm Valley Insurance Inc. can educate you about.

Exclusions in Motorcycle Insurance

When you purchase a motorcycle, one of the first things you want to do is purchase insurance. Motorcycle insurance protects you if your vehicle is involved in a covered accident. What is not going to be covered, though?

• Speeding – Speeding is one of the things that will exclude coverage from your motorcycle insurance policy. You will not get coverage if you suffer damage or a loss due to speeding.
• Driving Another Motorcycle – Your motorcycle is the vehicle that has the coverage, not someone else’s. If you drive someone else’s bike, your motorcycle insurance will not apply.
• Another Driver – If you have another driver on your motorcycle and they get into an accident, you will also not have coverage.
• Lack of a License – If you are driving a motorcycle and there is an accident, a valid driving license is necessary to ensure coverage.

With all of the common exclusions with motorcycle insurance, you need to know what is covered and what is not. Serving the Ponte Vedra Beach, FL area, our team at Palm Valley Insurance Inc. can assist you in understanding the details of motorcycle insurance policies, including coverages and exclusions.  

There is new laws coming into effect July 1st 2022, included in those is some changes to insurance rules in Florida. An insurer may not refuse to issue or refuse to renew a homeowner’s policy insuring a residential structure with a roof that is less than 15 years old solely because of the age of the roof. For a roof that is at least 15 years old, an insurer must allow a homeowner to have a roof inspection performed by an authorized inspector at the homeowner’s expense before requiring the replacement of the roof of a residential structure as a condition of issuing or renewing a homeowner’s insurance policy.

The insurer may not refuse to issue or refuse to renew a homeowner’s insurance policy solely because of roof age if an inspection of the roof of the residential structure performed by an authorized inspector indicates that the roof has 5 years or more of useful life remaining.
A roof’s age shall be calculated using the last date on which 100 percent of the roof’s surface area was built or replaced in accordance with the building code in effect at that time or the initial date of a partial roof replacement when subsequent partial roof builds or replacements were completed that resulted in 100 percent of the roof’s surface area being built or replaced.

Allows property insurers to include in the policy a separate roof deductible of up to two percent of the Coverage A limit of the policy or 50 percent of the cost to replace the roof. The policyholder must also be offered the option to decline the roof deductible by signing a form approved by OIR.

The roof deductible does not apply to a total loss to a primary structure in accordance with the valued policy law which is caused by a covered peril, roof loss resulting from a hurricane, roof loss resulting from a tree fall or other hazard that damages the roof and punctures the roof deck or roof loss requiring the repair of less than 50 percent of the roof. Changes part of the state law that enacts and governs Florida’s Building Code and changes the amount of a roof that must be brought up to current codes in the event of damage and repair. If 25 percent or more of a roof is damaged, then only the repaired part of the roof must be constructed pursuant to the current code. Roofers will no longer have to bring the entire roof up to code when making event-significant repairs.

Prohibits contractors from making written or electronic communications that encourage or induce a consumer to contact a contractor or public adjuster for the purposes of making a property insurance claim for roof damage unless the solicitation provides notice that the consumer is responsible for the payment of any deductible, it is insurance fraud punishable as a third-degree felony for a contractor to pay or waive an insurance deductible and it is insurance fraud punishable as a third-degree felony to intentionally file an insurance claim containing false, fraudulent, or misleading information.