Episode 2: Covered, Not Covered - Uncomplicating Your Insurance Coverage

VyCast Episode 2: Covered, Not Covered - Uncomplicating Your Insurance

Featured Guest

Tamara Naar

Tamara Naar is the Senior Vice President of VyStar Insurance Agency (VIA). Tamara provides overall leadership, strategy, direction, and vision for VyStar Financial Group's Property and Casualty insurance products and services. Tamara is a proactive, results-producing leader with a strong record of accomplishments. Tamara has consistently developed effective business strategies and successfully executed initiatives while leading highly productive teams to exceed company goals. With over two decades of experience in the financial and insurance sector, she effortlessly leverages her diverse experiences to facilitate collaborative efforts, ultimately delivering insightful solutions that drive accelerated growth for the organization. 

Guest

Rosimar Melendez

Rosimar Melendez is the AVP of Giving & Grant Management for VyStar Credit Union and VyStar Foundation. In her role, she is responsible for administering the Foundation’s grantmaking process, identifying funding priorities, assessing the funding needs of the nonprofits seeking grant funds and managing the sponsorship and grantmaking budget. Additionally, Rosimar offers valuable technical assistance, supporting organizations throughout their journey even after the grants have been awarded. With her extensive experience and a deep commitment to community empowerment, Rosimar works closely with nonprofit organizations seeking support from VyStar Foundation. 

Highlights

  • VyStar Credit Union offers a full suite of insurance products, including auto, boat, RV, home, condo, renters and flood insurance.

  • Their licensed insurance agents work with both members and nonmembers to ensure they have the right coverage for their households.

  • When it comes to smartphones, while they may be covered under homeowners insurance, it may not meet the deductible requirement, so it's best to get coverage through your mobile carrier.

  • Damage to a rental car can be covered under your own auto insurance policy, as long as you decline the rental agency's damage collision waiver and ensure that your policy transfers to a rental vehicle.

  • Flood insurance is a separate policy from homeowners insurance, and it's important to have coverage in flood-prone areas like Florida.

  • Dog bites may be covered under renters insurance, but it's important to disclose that you have a dog and the breed. Also consider obtaining additional coverage specifically for animal liability.

  • The insurance market has hardened, resulting in increased premiums and insurance companies reducing their risk.

  • The state of Florida's history of impactful storms, high homeowners litigation and insurance fraud contribute to the increasing rates.

  • It's important to have an insurance agent to help navigate these times, ensure you have the right coverage and determine if you're receiving all available discounts.

  • Making certain home improvements, such as installing a monitored alarm system or living in a gated community, can qualify you for discounts on your insurance premiums.

  • Meeting with your insurance agent annually and discussing any changes or updates to your home can help ensure you are properly covered and receiving the best rates possible.

Download the audio version of this episode on Buzzsprout.

The content provided in this podcast consists of the opinions and ideas of the creators alone and should be used for informational purposes only. The opinions expressed should not be considered legal, financial, or tax advice, and are not meant to replace such advice. VyStar Credit Union is not responsible for any losses, damages, or liabilities that may arise from decisions you make based on the information provided. The opinions expressed in this podcast are those of the guest and not VyStar Credit Union or its management.