Tag Archives: insurecal

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

4 Reasons To Buy Dental Insurance Today

85 million Americans currently do not have dental insurance. This is at a time when tooth and gum pain is one of the leading causes of Americans missing work. Many people will not seek dental treatment because they’re afraid of how expensive it can be, which leads to more missed days at work. Below you will find 4 reasons you should look into dental Insurance today.

 

  1. The Waiting Period. When you first purchase a dental policy you can use it for cleanings and preventative care, but other more major services have a waiting period from 6 months to a year. So if you wait until you need it, you may have to wait some more.

 

  1. Having Insurance will make you more likely to go to the dentist. If you’re anything like me you don’t enjoy going to the dentist, and the $100 cleaning fee is enough to make me put it off to next year. If you already have dental insurance those cleanings are usually free and it’s only logical to use something you’ve already paid for.

 

  1. Your oral and overall health will improve. Regular cleanings and checkups will help keep your teeth and gums healthy. Not only can the dentist do a better job cleaning your teeth he can also identify future problems before they begin to bother you. Oral diseases not only cause mouth pain but can also be linked to diabetes and heart disease.

 

  1. It’s fast and easy to get enrolled. You can get a free no obligation quote at dental.insurecal.com or call me with any questions at (209)250-0269.

 

 

 

 

 

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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How Much Life Insurance Do I Need?

The biggest problem I’ve noticed in the insurance industry is people want life insurance, but with all of the variables and unexpected costs, they have no idea how much coverage they actually need. Having the correct amount of coverage is extremely important. With not enough coverage you could leave your family in debt, and with too much coverage you’ll be paying too much of your hard earned money on monthly premiums! That’s why with help from our friends at Nationwide, I’ve created an easy way for you to calculate exactly how much coverage you and your family needs.

Let’s use Jane Smith as an example. She’s a single mother with a 13-year-old daughter named Sara.

  • Jane has a mortgage on her home and she still owes $180,000.
  • She makes $40,000 a year, and if something were to happen to her, she wants her daughter to have half of her yearly income for the next 5 years. $80,000 divided by 2 multiplied by 5 years = $100,000.
  • Sara dreams of going to college in California, and Jane wants to make sure if she’s not around to pay tuition Sara can still go to college. Let’s assume that tuition will continue to steadily rise and when Sara goes to college it will cost $30,000 a year. $30,000 a year for 4 years = $120,000.
  • Jane has $4,500 in credit card debt that she does not want to leave behind for Sara to have to deal with.
  • Jane wants to leave Sara an emergency fund for unexpected expenses such as a new roof for the house or new engine for the car. Experts suggest 3 months of income for your emergency fund. $40,000 divided by 12 multiplied by 3 = $10,000.
  • Jane also wants her funeral to be paid for by her life insurance. The average cost of a funeral is just over $8,000 let’s round it to $9,000 to be safe.

Now we’ll add all of this up to determine her family’s need which = $423,500

Now we’ll subtract her assets from the total to determine how much of her family’s need is not covered.

  • Jane has a life insurance policy through her job which is worth $100,000.
  • Jane also has $11,000 in her savings account.

$423,500 – $111,000 = $312,500

Now we have done all of the math and we know Jane needs a $312,500 life insurance policy to fully protect her family. Of course not many people want to do all of this math for themselves, so that’s where I come in! I’m more than happy to sit down with anyone and go over their finances to make sure their family is protected. If you have any questions or concerns give me a call today: (209)410-0270.

by Dylan Delhart, Financial Advisor @ insureCAL Insurance Agency

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.

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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.”

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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?

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