Alemay Business Insurance
Auto and home insurance reviewed around what you actually own and use
Your vehicles and your home usually carry the largest share of your personal property and liability exposure. They deserve to be reviewed together, and in plain language.
Alemay Business reviews your situation and your current coverage, explains limits, deductibles and exclusions, assists within applicable licensed authority and coordinates the properly licensed professional for the product and jurisdiction involved.
English and Spanish, with a Miami office and virtual service when the product and jurisdiction allow.
At a glance
- Service
- Auto and home insurance guidance, coverage review and process coordination through properly licensed professionals.
- Who it is for
- Individuals and families insuring vehicles, a home, a condo, a rented residence or certain properties.
- What we look at
- Coverages, limits, deductibles, endorsements, exclusions and exposures such as flood and wind.
- Getting started
- Schedule a consultation or reach out on WhatsApp.
Alemay Business Insurance
What auto and home insurance can help protect
These two areas cover most of what a household owns, uses every day and can be held responsible for. A policy does not remove risk, but it can create a defined way to respond to certain covered losses and certain liabilities, according to the contract.
Auto
- Vehicles
- Drivers
- How the vehicle is used
- Liability
- Physical damage
- Other coverages available depending on the product
Home and property
- Homeowners
- Condo
- Renters
- Certain residential properties
- Flood, when it applies
- Personal liability
- Personal property
Auto insurance concepts, explained in general terms
An auto policy is a set of separate coverages, each with its own limits, deductibles and exclusions. Availability, requirements and how each coverage works vary by state, by carrier and by product, so the actual policy always controls.
Liability
The coverage that may respond to certain injuries or damage to others, subject to the coverage purchased, its limits, the liability that applies and the terms of the policy.
“Full coverage” is an informal phrase, not a standardized policy type: very different combinations of coverages, limits and deductibles can hide behind it.
Collision
May help with certain damage to the insured vehicle resulting from covered collisions, subject to the deductible, the limits and the terms of the policy.
It should not be assumed to cover every accident: coverage depends on the facts and on the contract.
Comprehensive
May include certain events other than collision, depending on the policy, such as theft, vandalism, certain weather events, falling objects or other covered perils.
These examples are illustrative: the policy determines which events are covered, with what limits and with what deductibles.
Uninsured / underinsured motorist
Coverages may exist for certain situations in which the at-fault driver has no insurance or does not carry enough coverage.
The rules, availability and mechanics of these coverages depend on the state and on the product.
PIP / medical payments
Depending on the state, coverages such as Personal Injury Protection (PIP), Medical Payments or other related options may exist for certain medical expenses.
PIP does not work the same way in every state: requirements, limits and scope depend on the jurisdiction and the product.
Other auto coverages
Depending on the product, options such as rental reimbursement, roadside assistance, towing, gap or loan/lease protection when applicable, rented-vehicle coverage when applicable and endorsements can be reviewed.
Availability is not universal: each option depends on the carrier, the product and the state.
What gets reviewed on the auto side
- Vehicle owner
- Drivers
- Household members
- Where the vehicle is garaged
- Personal use
- Commuting
- Mileage, when it applies
- Additional vehicles
- Young drivers
- History
- Financing or lease
- Business use
- Rideshare or delivery, when it applies
- State and jurisdiction
- Current coverage, when there is any
Homeowners and property insurance concepts
A homeowners policy is usually organized into coverage areas. What each one actually covers, and up to what limit, depends on the policy form, the endorsements and the contract itself.
Dwelling
The main structure of the home, according to the policy form and the contract.
Other structures
Certain structures separate from the main dwelling, depending on the policy.
Personal property
Your personal belongings, subject to limits, deductibles, exclusions and possible special limits.
Loss of use / additional living expense
Certain additional living costs when a covered loss makes the home uninhabitable, according to the policy.
Personal liability
Certain liabilities to others, according to the terms and limits of the policy.
Medical payments
Certain medical expenses for others, according to the policy.
Condo (HO-6)
A different product from homeowners. It generally addresses the unit owner's side: interior, improvements, personal property, personal liability, loss of use and loss assessment when applicable. What the association's master policy covers should be reviewed separately.
Renters
For tenants. It generally addresses personal property, personal liability and certain temporary housing expenses. A landlord's policy usually protects different interests and should not be assumed to cover a tenant's belongings.
Rental property
A property used as a rental, whether long-term, seasonal or short-term, can require a different product than an owner-occupied home. The actual use has to be reported accurately.
Personal umbrella
A separate policy that may provide additional liability limits above certain underlying policies, subject to its own terms, exclusions and underlying-coverage requirements. It does not replace auto or home coverage.
Scheduled personal property
Jewelry, art, collections and certain valuables may fall under special limits inside a policy. An appraisal or an endorsement may be required to extend protection, depending on the carrier and the product.
Coverage is not one-size-fits-all
Two households on the same street can need very different policies. The vehicles, the drivers, the age and construction of the home, how the property is occupied, the exposures in the area and the coverage already in place all change the picture.
That is why comparing only a price is misleading. A lower number can mean lower limits, a higher deductible, a different valuation method or coverage that is simply not there. What a policy costs and what a policy does are two different questions.
Bundling auto and home may be available with certain carriers depending on eligibility, and it may or may not be the right answer in your case. It should be evaluated on total cost and coverage, not on the idea of a discount alone.
Limits, deductibles, exclusions and endorsements
These four words decide most of what a policy actually does. They are worth understanding before a loss, not after one.
Limits
The maximum the policy may pay for a covered loss under that coverage. Different coverages can carry different limits, and certain categories of property can carry special internal limits.
Deductibles
The portion of a covered loss that stays with you. Depending on the state and the product, a policy can carry a general deductible plus specific ones, such as a hurricane, wind/hail or flood deductible.
Exclusions
What the policy does not cover. Exclusions are as important as coverages, and they are one of the most common reasons a loss turns out differently than expected.
Endorsements
Changes or additions to the base policy. They can add, restrict or modify coverage. Availability depends on the carrier, the product and the jurisdiction.
Replacement cost and actual cash value
Replacement Cost Value may calculate repair or replacement with materials of similar kind and quality without deducting depreciation, subject to the terms of the contract. Actual Cash Value generally takes depreciation, age and wear into account. Which method applies depends on the policy, the coverage and sometimes the item or component involved, such as a roof.
Market value and rebuilding cost are different
Market value reflects factors such as land and the real estate market. Rebuilding cost relates to materials and construction. A policy limit should be reviewed with the applicable methodology rather than assumed from a sale price. Ordinance or law costs are also not automatically included.
Flood, wind and hurricane: three different conversations
In South Florida these exposures come up constantly, and they are frequently misunderstood. They are treated separately here on purpose.
Flood is separate
Most homeowners policies do not cover flood damage. When there is flood exposure, a separate flood policy or the corresponding available solution should be evaluated, such as NFIP or private flood insurance depending on the case. Being outside an area considered high risk does not mean there is no risk.
Wind and hurricane
Wind and hurricane coverage depends on the policy and the state. There may be a specific deductible, certain properties may have different coverage structures, and exclusions and endorsements have to be reviewed. None of it should be assumed automatic.
Water damage is not one thing
A plumbing leak, a sudden discharge, roof-related water, sewer or water backup, flood, groundwater and storm surge can all be treated differently. The source of the water matters, and the policy determines what is covered.
A mortgage lender may require certain coverages or limits, including flood, depending on the property, the loan and the applicable rules. Those requirements are a minimum condition of the loan, not a complete answer to what coverage may be appropriate for your situation.
Factors a carrier may consider
Premiums, eligibility, terms and availability are determined by the insurance carrier through its own underwriting and rating rules. Those rules can consider location, the characteristics of the property or vehicle, driving and claims history and other applicable factors, and they vary by carrier, product, state and plan of insurance.
On the auto side
- Vehicle owner
- Drivers
- Household members
- Where the vehicle is garaged
- Personal use
- Commuting
- Mileage, when it applies
- Additional vehicles
- Young drivers
- History
- Financing or lease
- Business use
- Rideshare or delivery, when it applies
- State and jurisdiction
- Current coverage, when there is any
On the property side
- Property address
- Type of property
- How it is occupied
- Year built and characteristics, when they apply
- Roof
- Improvements
- Current coverage, when there is any
- Mortgage, when it applies
- Flood-related information
- Other characteristics the carrier requires
Inspections, appraisals, roof condition and prior claims can also be part of a carrier's evaluation. Those decisions belong to the carrier, not to Alemay Business.
How Alemay Business helps
We work the process with you from the first conversation through renewal, assisting within applicable licensed authority and bringing in the properly licensed professional when the product or jurisdiction requires it.
- 01
We understand your situation
Vehicles, drivers, home, property and the coverage you have today.
- 02
We identify exposures
Use, location, exposure and what actually needs protection.
- 03
We organize the information
The details required for quoting and for the carrier's evaluation.
- 04
Options are reviewed
The properly licensed professional reviews the alternatives that can be offered in your case.
- 05
Application and issuance
The carrier determines underwriting, rating, premium, terms and issuance.
- 06
Follow-up
Changes, renewals and new needs as they come up.
What we do
- Review what you actually need to insure
- Review the policies you already have
- Assist within applicable licensed authority
- Coordinate properly licensed professionals when required
- Explain limits and deductibles in plain language
- Review auto, home, condo, renters and flood as the case requires
- Support the application process
- Help you prepare for renewals
- Coordinate policy changes
- Stay available for follow-up
What the service can include
- Initial consultation
- Review of existing policies
- Auto insurance
- Liability
- Collision
- Comprehensive
- Uninsured / underinsured motorist
- PIP / medical payments
- Homeowners
- Condo (HO-6)
- Renters
- Flood, when it applies
- Wind / hurricane, depending on the policy
- Personal umbrella
- Scheduled personal property
- Rental properties
- Limits
- Deductibles
- Endorsements
- Lender requirements
- Application and documentation
- Renewal
- Changes and follow-up
Information and documents that are useful to have
Nothing here is a requirement list. It is simply what usually makes the conversation faster and the information more accurate. Carriers may request additional details.
For auto
- Drivers
- Vehicles
- Where the vehicle is garaged
- How the vehicle is used
- Current coverage, when there is any
- Financing or lease, when it applies
- Any information the carrier requests
For home and property
- Property address
- Type of property
- How it is occupied
- Year built and characteristics, when they apply
- Roof
- Improvements
- Current coverage, when there is any
- Mortgage, when it applies
- Flood-related information
- Other characteristics the carrier requires
What changes between one year and the next
Policies often renew without anyone looking at them, while the situation underneath them has changed. A review before renewal is a good habit. Whether a policy renews, and on what terms, is determined by the carrier.
On the auto side
- Vehicles
- Drivers
- How the vehicle is used
- Address
- Mileage, when it applies
On the property side
- Rebuilding cost
- Roof
- Renovations
- Personal property
- How the home is occupied
- Flood and wind exposure
- Other properties
What Alemay Business can and cannot control
What we do
- Review what you actually need to insure
- Review the policies you already have
- Assist within applicable licensed authority
- Coordinate properly licensed professionals when required
- Explain limits and deductibles in plain language
- Review auto, home, condo, renters and flood as the case requires
- Support the application process
- Help you prepare for renewals
- Coordinate policy changes
- Stay available for follow-up
What we do not promise
- Approval
- A specific insurance carrier
- A specific premium
- The lowest price
- Savings from bundling policies
- A specific coverage
- A specific limit
- A specific deductible
- That flood is included in a homeowners policy
- That hurricane or wind damage is automatically covered
- That a claim will be paid
- That no inspection will be required
- That the roof will be accepted
- Availability in every state
- Immediate issuance
- That we represent every carrier
On claims, Alemay Business can help you find your policy information, identify the right channel, organize initial information and follow up administratively within our scope. The carrier and its authorized professionals investigate, evaluate and determine how a claim is handled under the policy. Alemay Business does not adjust claims and does not act as a public adjuster.
Why clients review auto and home with us
Auto and home reviewed together
We look at both areas at once, because together they carry much of your personal financial responsibility.
Miami and South Florida
We know the local context: wind, hurricanes, flood and what insuring property in this area involves.
Attention to flood and wind
We look at these exposures specifically, because they should never be assumed to be covered by a homeowners policy.
Properly licensed professionals
Regulated functions are performed by the properly licensed professional for the product and jurisdiction involved.
Partner network
When a product, jurisdiction or specialty requires it, we bring in the appropriate professional partner.
Explained in English and Spanish
We explain limits, deductibles and exclusions in the language you prefer. In person at 9380 SW 72 ST, Suite 230B, Miami, FL 33173, and virtually when the product and jurisdiction allow.
A look before you renew
Before a policy renews on autopilot, we review what changed in your vehicles, your home and your situation.
Follow-up and Ale app
Your digital point of contact to schedule, find resources and stay in touch during the process.
Frequently Asked Questions about auto and home insurance
Related services
Insurance
Back to the Insurance hub: life, health and ACA, Medicare, auto and home, commercial insurance and annuities.
View serviceLife Insurance
Protection for the people who depend on your income and the obligations you carry.
View serviceEstate Planning
Coordinating policies, property and beneficiaries can be part of a broader plan.
View servicePersonal Tax Preparation
Your personal return prepared with a clear review of your situation.
View serviceLet's look at your auto and home coverage together
Schedule a consultation with Alemay Business to review your vehicles, your property and the policies you already have, and to understand the limits, deductibles and exclusions behind them.
Alemay Business assists within applicable licensed authority and coordinates properly licensed professionals when required, and is not an insurance carrier or an insurance company. Premiums, eligibility, terms, limits, deductibles, endorsements, availability, inspections, valuation methodology, issuance, effective dates, renewal and nonrenewal are determined by the insurance carrier under its underwriting and rating rules and the applicable regulations, and can depend on location, property and vehicle characteristics, driving and claims history and other applicable factors. Nothing here guarantees approval, acceptance, a premium, savings, a discount, a specific carrier, a specific coverage, limit or deductible, coverage availability, an inspection outcome, renewal, or that any claim will be covered or paid. Flood coverage is generally separate from a standard homeowners policy, and wind or hurricane coverage depends on the policy and the jurisdiction. Claim decisions are made by the carrier and its authorized professionals under the policy; Alemay Business does not adjust claims and does not act as a public adjuster. This page is informational and general in nature: the policy documents, terms, exclusions, limits, deductibles and endorsements control, and nothing here is individualized legal, tax or claims advice.
Alemay Business · 9380 SW 72 ST, Suite 230B, Miami, FL 33173 · 305-300-2346 · business@alemaybusiness.com · Fax 305-402-0706