Tag Archives: insurance

Real World Case Study – Personal Umbrella Insurnace

Nathan was on spring break and rented a car so he could meet up with his friends at Coachella.

As he was driving through the desert, strong winds began to blow dust causing decreased visibility.

On the same highway, Roger, a recent retiree familiar with these conditions, slowed his car below the speed limit for safety.

Nathan didn’t see Roger until it was too late. Roger’s car overturned on impact and he was taken to the hospital where he ultimately succumbed to his injuries.

Since Nathan was a listed driver on his parents’ policies, their standalone personal umbrella covered Roger’s medical expenses and ongoing litigation once their underlying auto was exhausted.

Claim: $875,000

This is a real world case study. Have you thought about an umbrella insurance policy?

Find out how a $100-300/yr policy could protect you, info@insurecal.com – (209)250-0269

Case Study from: https://www.personalumbrella.com/

California – 3rd Highest Homeowners’ Insurance

According to Property Casualty 360, California is the third highest state for homeowners’ insurance costs in the Nation. The median homeowners’ insurance policy is $1,678 a year.

Insurance costs vary widely depending on the risk and the location. California is no exception to this. Areas vary from rural farm, to mountain towns, to large cities, and beach front property.

 

If you want to see a list of the highest and lowest homeowners’ insurance rates by State, check out:

http://www.propertycasualty360.com/2017/02/22/10-states-with-the-highest-and-lowest-homeowners-i?eNL=58adabd9160ba0364354867f&utm_source=PC360_NewsFlash&utm_medium=EMC-Email_editorial&utm_campaign=02222017&page_all=1

Peak Season Endorsement – Fluctuating Inventory

Hannah’s Retail Store does 70% of their sales from Thanksgiving through Christmas Eve. This means that they must stock up on inventory during the last two months of the year, to prepare for the increased sales. From January through October, they have $50,000 in inventory. November and December, inventory is closer to $150,000.

Should they pay for $150,000 in insurance coverage for the whole year? No. Is there some magical way that they only pay for the increased insurance during the time they need? Yes!

The “Peak Season Limit of Insurance” Endorsement (ISO Form: CP 12 30) increases the policyholders business personal property limit for specified periods to take care of seasonal increases in value.

Peak Season Endorsement - CP 12 30

CP1230 – Peak Season Endorsement

3 tips to save money on your insurance!

Lets face it, everyone wants to pay less for their insurance. Insurance is an expense that you only get something out of, if something bad happens. Insurance is expensive and it’s not getting less expensive. We don’t recommend lowering your insurance by having lower coverage’s, there are better alternatives.

Here are the 3 ways to save money on your insurance without cutting coverage’s:

1. Discounts

There are a number of discounts available that you may not know you are missing out on. The occupational discount is one of them. Most carriers provide a discount if you are a doctor, nurse, police officer, firefighter, paramedic, engineer, scientist, teacher, veterinarian, dentist, pharmacist, accountant, pilot, etc… Some companies provide a discount if you are a business owner, if you can provide a copy of your business license or a copy of your business insurance you may qualify for a discount. College degree, if you can provide a copy of your diploma you may qualify for a discount.

There are a number of discounts available and it will depend on what your insurance company has to offer. For example, Nationwide Insurance has a “SmartRide” program. If you opt in for the SmartRide program you get a discount. Nationwide sends you a small device that plugs into your vehicle and tracks your mileage for three months. After three months they send you a package to mail the device back. The multiple the mileage by 4 (3 months X 4 = 12 months) and determine your annual mileage. This locks in that mileage for the life of the vehicle. Not only do they offer a 5% discount just for opting into the program but depending on your mileage you may qualify for an even larger discount. Plus, you don’t have to have to worry about providing annual mileage again or having your miles increased on renewal. Your best bet is to get in touch with an awesome insurance advisor that can use their expertise to get you all of the discounts you deserve.

It will vary with each insurance company but most of the companies that insureCAL is partnered with offer all of these discounts. However, most companies have a maximum on discounts. I.e., if you qualify for the doctor, college graduate, and business owner discount you aren’t going to receive three discounts. Wouldn’t that be nice though!

2. Packaging

One of the largest discounts available is the “Multi-Policy Discount“. One of our insurance companies offers a 25% discount on the home insurance policy and a 20% discount on the auto insurance policy when they are both insured through them. On average that could save a family $500-1000/year or more… Those are huge savings!!!

There are some cases that you may have separate insurance companies but 90% of the time it is always best if all of your insurance is with one company.

3. Drive Less

The biggest rating factor on auto insurance is annual mileage. If you can cut back how many miles you drive, you can lower your reported annual mileage, which will in turn lower your insurance premium. Whether you have a long commute (more than 50 miles) or a short commute (less than 50 miles) carpooling may be one option to help cut back those miles.

These are just a few tips, there may be a number of other options not covered in this post. As always, the best tip we can offer is to partner with an insurance advisor that cares about you and has your best interests in mind. If all else fails, get in touch with us as we’d love to help.

How I Got Free Chipotle Catering For My Clients

by Dylan Delhart, Insurance Advisor @ insureCAL Insurance Agency

I LOVE CHIPOTLE! I mean who doesn’t. As crazy as it sounds I probably talk about Chipotle every single day. This summer they finally started a rewards program! It was the summer of Chiptopia rewards, and as soon as I heard about it I was ecstatic. The program ran from June to August and the rules were simple. Eat 4 burritos in a month and you get a 5th for free, make it to 8 burritos and your 9th was free, and if you could eat 11 burritos in 1 month they would give you a 3rd free burrito! It didn’t stop there, if you could eat 4 burritos a month for all 3 months of the promotion, they would give you another free burrito. If you could eat 8 burritos a month for all 3 months you would receive $20 in Chipotle merchandise. But the grand prize was greatest of all, if you could eat 11 burritos a month all 3 months you would get free catering! (a $270 value)

I wasn’t sure if I would be able to keep up, I would have to eat Chipotle at least 3 times a week. 4 days into the promotion I had already gone 3 times and earned my first free burrito! After about 20 visits to Chipotle I started to realize this was going to be easier than I thought. I was reaching my 11 burritos a month with many days left to spare. At that point I knew I was going to get the catering I just wasn’t sure how I was going to use it, until one day I was talking to one of my new clients about the rewards. She was an avid Chipotler like me, and wanted to be included in the catering. (I mean who wouldn’t) That’s when I decided I would invite all of my clients to a lunch at our office catered by Chipotle.

It was the best lunch ever! Chipotle gives you everything you need to set up your own private Chipotle restaurant! It was so popular with my clients we’re thinking about doing it every year! So all of you Chipotler’s out there give me a call! Let’s get your family covered properly and then let’s eat some Chipotle!

From Bumper to Bumper: Limousine Insurance

by Patrick Ramsay

The importance of having auto insurance when you’re behind the wheel of a regular vehicle is important. That’s something you learn before you can drive, but what happens when you get behind the wheel of something bigger like a limousine?

Limo Tony

insureCAL Advisor “Limo Tony”

You’re going to take that dire need for coverage and stretch it from bumper to bumper. When you’re shopping for limousine coverage there are several important factors to consider. Because you’re business involves the transportation of people in your limo, you need coverage for passengers and your risk for a liability claim. Here are some types of coverage you may need:

 

  1. Personal Injury limousine insurance: Personal injury limousine insurance will cover the costs of accidents where injuries occur involving your limousine. This coverage can include, medical and rehabilitation bills, lost wages, and funeral costs.
  2. Collision and comprehensive coverage: This is a basic straight-forward coverage that will cover the cost if there is an accident. Comprehensive coverage will cover the cost of theft, fire, vandalism and many other types of damages.
  3. Uninsured and underinsured coverage: This provides coverage if you’re in an accident and the other driver is at fault but does not have sufficient coverage to pay the costs. This type of coverage is required in many states.
  4. Employment practices liability: In the case of your company being accused of sexual harassment, wrongful termination, or discrimination, this is the type of coverage that will protect your business.
  5. Property damage liability: Property damage liability, you guessed it, covers any property damage that you or your drivers cause while on the job. This coverage goes towards legal fees up to the limits of your policy if you’re taken to court.

fleet

Riding in a limousine  can be a novelty, but running a successful limousine company is a serious matter. It’s important to ensure your company and your drivers are properly covered. Request a free quote from insureCAL today!

Safety Glass Coverage on Auto Insurance

by Patrick Ramsay

While there are worse things to find on your windshield than a chip or a crack, windshields are a notoriously fragile part of vehicles and oftentimes. insureCAL’s safety glass coverage with auto insurance will slightly increase your premium, but when you need your windshield repaired or replaced, there is no deductible.

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Generally, if a chip or crack on your windshield is smaller than a dollar bill, it could be repaired in most cases. What happens when you have safety glass coverage through insureCAL? One of the most important parts of windshield repair is that you must get it fixed and reported to insureCAL as soon as possible.

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The repair process for a chip or crack generally takes less than 30 minutes. After a windshield repair, a blemish will be visible but will fade with time. Contact insureCAL to add safety glass coverage to your auto insurance policy! We’ve got your windshield covered so you don’t have to sweat the small stuff.

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Insurance: When Cheap Isn’t Always Best

by Patrick Ramsay

While shopping for home or automotive insurance, it’s easy to become overwhelmed by the waves of insurance companies all vying for your business. The word “cheap” is used so often in the insurance market, it’s hard to recall its meaning as you peruse the various options online and hear commercials boasting about the newest, cheapest rates being offered.

There’s a psychological phenomenon known as semantic satiation, in which a person repeats a word or phrase so many times that it temporarily loses its meaning and begins sounding like repeated meaningless sounds. It could be argued that’s what has happened in the insurance market with the word “cheap.” We hear more about cheap insurance than about quality insurance, so naturally we tend to believe the cheaper the deal on the insurance, the more desirable it is. However, what we forget to realize is that cheaper isn’t always better. In fact, when we’re talking about insurance, cheaper is hardly ever better.

Less coverage means less protection. When it comes to insurance, you’re going to get what you pay for. Are lower monthly payments worth potentially being hung out to dry when you need quality coverage most?

Raising your deductible means more out-of-pocket. While you may see a decrease in the cost of a monthly payment by raising your deductibles, when the time comes to use your policy you will have to pay a large sum of money out-of-pocket to cover your repair.

Low cost oftentimes means low quality. When it comes to insurance, it’s tempting to choose the cheapest option. After buying a home or a car, it’s only natural to seek out ways to save, but your insurance coverage is not the place. A quality insurance company will offer attentive customer service and go the extra mile to take care of their customers and help them save money without cutting corners.

    insureCAL offers combined Home and Auto Insurance packages to utilize your insurance policies for the best coverage possible. By combining your home and auto insurance policies, you may be eligible for various discounts, a guaranteed full-year policy term for your car, On Your Side® insurance protection, 24-hour Customer and Claim service, and more. You deserve insurance that brings you peace of mind. Contact insureCAL to find out more about our Home and Auto Insurance packages.

The Bittersweet Relief of Godzilla El Niño in California

By Patrick Ramsay

The infamous weather pattern, El Niño, meaning “the child” in Spanish, first got its name because it was discovered on Christmas. This year, El Niño is bringing a much needed gift to Californians: rain. We aren’t talking about a light drizzle either, we’re talking about a weather pattern so epic, it has earned the title “Godzilla.” Essentially, it is the slight warming of the Pacific Ocean causing a change in the weather patterns every few years. A powerful El Niño is described by a 1.5 degree Celsius change, but this year we were seeing temperatures in the Pacific already 3 degrees C above normal by September.

Drought Relief

California has been suffering from a drought for the last four years and will be the greatest beneficiary of this year’s El Niño. We’re already seeing signs of relief from the drought in the Sierra Nevada snowpack. Roughly 30 percent of California’s water supply comes from the runoff of this snowpack. During the first manual survey of the winter snowpack, officials with the California Cooperative Snow Surveys Program for the Department of Water Resources (DWR) say it’s currently at 136 percent of normal. Around the same time last year, the snowpack was only at 45 percent of the historical average, so officials with the DWR are saying it’s a very promising sign.

el niño

1997 El Niño Twins

According to NASA, this year’s El Niño bears an uncanny resemblance to that of the powerful 1997 El Niño, and it’s continuing to grow. Forecasters expect California to start seeing the effects of Godzilla El Niño in early 2016. Bill Patzert, Climatologist for Jet Propulsion Laboratories, said “Reservoir levels have fallen to record or near-record lows, while groundwater tables have dropped dangerously in many areas. Now we’re preparing to see the flip side of nature’s water cycle — the arrival of steady, heavy rains and snowfall.”

elnino2

Side Effects of Godzilla El Niño

In 1997, the strong El Niño brought twice the average amount of rainfall to Southern California. While the El Niño weather cycle brings watery relief to the drought-stricken state of California, it has also been known to bring mudslides, floods, high winds, lightning strikes and high surfs along with it. How are you preparing for Godzilla El Niño’s intensity?

Save

How A Santa Clara Building Owner Saved $1600 On Their Insurance

What if I told you, I could SAVE you money, all while getting you BETTER coverage, on your commercial property insurance? No, this is not another one of those too good to be true insurance solicitations.

A local building owner on Victor St., recently called me to quote their commercial property insurance. Not only were they missing crucial coverage but they saved over $1600 a year!! After seeing the benefits I was able to offer this client I knew I could help out more local building owners.

Could you use an extra $1600 a year? What about a coverage evaluation that may save you hundreds of thousands of dollars in the event of a claim that your current insurance doesn’t cover?

Take 10-15 minutes out of your day to call or email me with your commercial building information: Colbie McRae – (209)765-0819 or colbie@insureCAL.com