Will my homeowners insurance cover flooding?

Homeowner’s insurance covers many different types of water damage. A typical homeowner’s policy covers top-down water damage. Our Neff & Associates Insurance Services team understands that understanding a homeowners’ insurance policy can be confusing. As a result, we are committed to helping Pismo Beach, CA customers understand their homeowner’s policy. 

What Type of Water Damage is Covered by a Homeowner’s Policy?

A standard homeowners’ policy covers top-down water damage. Top-down water damage includes leaks from a roof, burst overhead pipes, sewer backups, drain backups, ground seepage, and more. Sudden and accidental water damage is covered by a homeowner’s policy, whereas gradual water damage isn’t. A burst pipe can cause sudden or accidental water damage. However, a leaky faucet that damages a wall over time is considered gradual damage and not covered under a homeowner’s policy. A standard homeowners policy won’t cover water damage caused by flooding either. 

Flood Damage

A standard homeowner’s policy won’t cover flood damage. You’ll have to purchase a separate flood policy to cover any damage caused by a flood. A flood is an excessive amount of water on land that’s usually dry. Flood insurance covers the damage caused by floods from storms, rivers, ponds, oceans, lakes, and too much rain. Homeowners who live in a flood zone should consider investing in flood insurance because a homeowner’s policy won’t cover flood damage. Our Neff & Associates Insurance Services team can determine if flood insurance would be a good investment for you. Call us if you have questions about what your homeowner’s policy covers. We’d be happy to discuss what kind of water damage is covered by your policy and the benefits of flood insurance.

Protect Your Business With These Commercial Insurance Policies

As a Pismo Beach, CA business owner, you have a lot on your plate. There’s a lot to juggle, from managing employees to keeping up with inventory and meeting customer demands. And while you’re busy focusing on running your business, it’s easy to let insurance fall by the wayside.

What Are the Commercial Insurance Options?

Commercial insurance policies are available to business owners in Pismo Beach, CA. Some of the most common types of coverage include:

  • Property insurance – This policy protects your business’s physical assets in the event of damage or destruction.
  • Liability insurance – This coverage offers some protection if you’re sued for compensation or harm.
  • Product liability insurance – This insurance policy covers if a product you sell causes harm or damage to someone.
  • Business interruption insurance – If your firm is forced to shut down because of a covered peril, this policy covers lost income and expenditures.
  • Commercial vehicle insurance – Businesses that use vehicles for work need this type of insurance to cover damages or injuries that may occur.

Your Neff & Associates Insurance Service specialist can help you choose the proper coverage.

How Do I Choose the Right Coverage?

There’s no one-size-fits-all answer with commercial insurance. The right coverage for your business will depend on several factors, including your business type, the risks associated with your industry, and the value of your assets. When assessing your needs, it’s essential to consider both the potential for liability and the possibility of property damage. These are two of the most common risks that businesses face.

A Neff & Associates Insurance Service expert can help you assess your risks and choose the right coverage for your Pismo Beach, CA business.

Contact us today for more information.

Common Umbrella Insurance Exclusions

Umbrella insurance is meant to protect you when the underlying liability coverage has been exhausted. Suppose your pet has bitten someone, and the medical costs exceed your home liability coverage. In such instances, it’s when umbrella insurance can save the day. However, like other insurance policies, your umbrella insurance policy isn’t entirely flawless. It has exclusions and limitations you need to know about. Neff & Associates Insurance Services explains areas not likely to be covered by your umbrella insurance policy:

  • Own injuries and damage: Your umbrella insurance covers others and not damage to your property. For instance, if you cause a car accident, your umbrella insurance will cover property damage and bodily injury you cause to others. However, you will have to rely on your car insurance for your injuries and damage to your vehicle.
  • Coverage to be taken care of by the underlying insurance: Umbrella insurance only takes over after the conventional liability coverage limit has been exhausted. With that in mind, umbrella insurance won’t cover liabilities that can comfortably be handled by your commercial, home, or auto insurance.
  • Intentional/criminal acts: Umbrella insurance won’t cover you if you intentionally injure someone or damage other people’s property. Similarly, umbrella insurance won’t cover you when liability claims arising from your criminal acts.
  • Other exclusions: Umbrella insurance won’t cover you if you cause damage or injury using a recreational vehicle or dog breed excluded in your policy.

Just like knowing what your umbrella insurance covers, it’s equally important to learn about the exclusions. This way, you won’t be met by surprises when filing a claim. Want to learn more about umbrella insurance? Please get in touch with Neff & Associates Insurance Services for more information. Also, you can pass by our Pismo Beach, CA office to chat with one of our agents.

 

Do you need auto insurance if you don’t have a car loan?

Most vehicle owners either have a car loan or lease a vehicle. If you have either of these, you will be required to have complete coverage for your vehicle. It protects the vehicle which you don’t own at this point. But what about after you have paid off your loan? At Neff & Associates Insurance Services in Pismo Beach, CA, we know the law in California regarding personal vehicles and are happy to share that information with our customers. 

In California, all drivers need to be covered by liability insurance, even if they don’t have a car loan. The required coverage is 15/30/5. That means in practical terms, $15,000 for coverage of medical expenses and other things for one person injured in an accident you are deemed responsible for. If more than one person is injured, the total paid out for injuries in one accident is $30,000. The amount for property damage is $5,000, which is very low no matter how you look at it. 

This is what you must have. Is it what you should have? Only if you have no assets and an old beat-up vehicle that you won’t mind losing. If you are a person who uses their vehicle every day for activities necessary to their survival, you need to protect your vehicle. This means you need to have collision and comprehensive coverage which protects your car when it gets damaged. 

Between these two types of coverage, you will be protected from a vehicle accident, theft, vandalism, and other damage from various weather events. If you need your vehicle, this is vital coverage. 

 Contact Neff & Associates Insurance Services in Pismo Beach, CA, when you need the latest information about automobile insurance. 

Renters insurance FAQs

Renters’ insurance is one of the most misunderstood types of insurance. Knowing that more than half of renters don’t have renters insurance says a lot about how its value is not recognized. At Neff & Associates Insurance Services in Pismo Beach, CA, our experienced team knows the value of renters insurance and how it can make your future more secure. We are happy to share our knowledge and find an insurance product that is a perfect fit. 

If you have any questions about renters insurance, you are not the only one. We hope we will answer some of them for you here. 

Do I have to have renters insurance in California? 

No, renters insurance is not mandated by the state. However, it may be required by your landlord. You need to read your lease carefully to know precisely what is required of you. 

Doesn’t the management company have insurance coverage? 

Yes, undoubtedly they do, but that is not going to help you. It covers their building and what belongs to them. It doesn’t cover any of your property, nor does it give you personal liability protection. 

Does renters insurance have personal property coverage?

Yes, it does. It comes in two varieties; either the current value or the replacement value. The current value is less expensive since it allows for depreciation. This coverage will cover your stuff after a deductible, whether in your rental or with you away from home. 

Does renters insurance include liability coverage?

Yes, it does. If someone is injured while visiting your rental or by a member of your family, this insurance will help cover any medical bills and offer protection if you are sued. It can pay a judgment as well as legal expenses. 

Contact Neff & Associates Insurance Services in Pismo Beach, CA  when you are ready to discuss renters insurance. 

What comes with a full motorcycle insurance plan?

Anyone living in the Pismo Beach, CA area will want to have a convenient way to get around town. As you are looking for new transportation, getting a motorcycle is a good option as they are efficient and practical in the warm California weather. Along with your bike, you also need to select an insurance plan as it offers various forms of coverage. 

Liability Risk Mitigation

One benefit that comes with your motorcycle insurance plan is liability risk mitigation. If you are going to invest in a motorcycle, you will want to ensure you are supported if you cause an accident. With a proper motorcycle insurance policy, you will get this coverage. The liability insurance component of your insurance plan will also ensure you comply with state laws surrounding insurance requirements. 

Protect Motorcycle

It would also be good to get motorcycle insurance to protect your motorcycle. Like any other type of vehicle you can buy, ensuring your investment is covered is very important. When you get a full motorcycle plan with comprehensive support, it will provide the coverage you need if your asset is stolen or damaged. You may also need a full motorcycle plan if you have taken out a loan that holds the motorcycle as collateral. 

Owning a motorcycle continues to be a fun transportation option for those in the Pismo Beach, CA area. As you are looking for ways to cover your motorcycle here, it would be wise to call the professionals with Neff & Associates Insurance Services Inc. As you are looking for coverage, Neff & Associates Insurance Services Inc. will offer the proper support you need to build your next policy to protect your motorcycle adequately. 

What is classic car insurance and how does it differ from conventional car insurance?

Classic car insurance is auto insurance designed specifically for older/classic cars. Drivers interested in classic auto insurance must first understand what makes a car eligible for classic car status. What a classic car insurance company deems as "classic" will vary from company to company. However, classic car insurance is designed to protect antique or classic cars like conventional auto insurance. However, there are differences between conventional and classic insurance. Our Neff & Associates Insurance Services Inc. team is committed to eliminating any confusion for our Pismo Beach, CA residents.

What Makes a Car "Classic"?

Classic cars are typically 25-plus years old. However, the definition of a classic car can vary from one insurance company to the next. Also, classic cars tend to be restored, of historical interest, or collectibles. Typically, a classic car is at least twenty years old but less than forty years old and is also kept to its original design and specifications.

How Does Classic Car Insurance Differ from Conventional Car Insurance?

Modern cars are insured based on their real/true cash value, which depreciates when you buy a car and drive it off the lot. Conversely, classic car insurance is insured based on an agreed-upon cash value. The owner and the insurance company agree on the value of the insured car. Another difference between classic and conventional car insurance is the cost. Classic car insurance tends to be cheaper than conventional insurance because classic cars are typically NOT daily drivers. Classic car insurance companies normally put restrictions or limits on how much you can drive a classic car. Our team at Neff & Associates Insurance Services Inc. is standing by to answer any questions our Pismo Beach, CA residents may have. Give us a call.

Why do businesses in Pismo Beach need insurance?

Anyone that is going to move to the Pismo Beach, CA area will quickly find that it can be a great place to work and live. It also can be an ideal location for starting a business. If you are a business owner here, you will need to get proper insurance. There are various reasons companies will need to carry commercial insurance. 

Support and Protect Organization

A primary reason to get a commercial insurance plan is so you can protect and support the organization. There are various risks faced by businesses daily. These can include the risk of being named in a liability lawsuit or having commercial assets damaged or stolen. If you obtain the appropriate insurance, you will be able to mitigate both of these risks. 

Ensures Compliance with Requirements

It is also a good idea for you to get a commercial plan to ensure you are in good standing with any requirements that you have. Any business in this part of California is bound to have insurance requirements. Those that have taken out a business loan, leased a place of business, or have raised outside equity will need to carry insurance. If you do get one of these plans, it will help keep you in compliance with any of these obligations. 

If you start a business in the Pismo Beach, CA area, you will need proper coverage for it. As you are evaluating your options for commercial insurance, it would be wise for you to speak with Neff & Associates Insurance Services Inc. There are many choices to make when getting commercial coverage, and Neff & Associates Insurance Services Inc can offer the support needed to evaluate your needs and options. 

What Does Flood Insurance Cover?

The simple truth is that a flood can be devastating to a family. Not only can it ruin the contents of your home, a bad flood can lead to foundation problems. The cost can be astronomical. For that reason, you should consider getting flood insurance if you live in a flood zone or even just a place where damaging storms roll through the area. Your homeowners’ insurance will not cover damage due to flooding. You will need to purchase additional insurance in order to be protected. 

If you get flood insurance, you may be wondering what it covers. Here are some things that flood insurance covers. 

It covers any damage that occurs due to partial or complete flooding over normally dry land. 

It will also cover damage due to mudslides due to flooding. 

There are two policies when it comes to flood insurance. One covers your home, while the other type covers your personal property that is inside your home. 

Your flood insurance should cover any mold that may occur. If you do everything that you can to prevent mold after flooding, and it still happens, your flood insurance will cover the damage. 

One good thing about flood insurance is that you don’t have to wait for a disaster to be federally declared in order to get your claims paid. If you are dealing with flood damage, you can submit your claim. It is also important to know that you won’t have to pay back your claims. Unlike federal aid, you won’t have to repay the money that you get from your claim.   

If you are unsure about whether you need flood insurance, you should contact us at Neff & Associates Insurance Services Inc in Pismo Beach, CA. 

Why condo insurance is so important

Pismo Beach, CA residents can count on Neff & Associates Insurance Services Inc for all of their insurance needs. If you are looking at purchasing a condo, don’t forget to find the right condo policy too! Our team is here to answer any questions that you may have.

The importance of condo insurance

When it comes to protecting your home, the same rules apply whether you are living in a home or a condo. There are some unique factors that you may have to consider for either option, but having the right policy in place is always a great idea, no matter what type of home you choose.

A comprehensive condo policy can provide the coverage that you need. It is important to have the right policy in place because your condo board’s insurance policy will not cover your unit. Any damage or loss that occurs within your until will be your sole responsibility. 

While a condo board may have a policy that protects the overall structure and building and damage that occurs in the common areas, that will not cover all of your needs. Make sure that you review all of your needs and then choose the policy that is right for you.

Condo insurance covers all of the basics, including theft, liability, and other similar situations. A basic policy may meet some of your needs, but it is worth the time to take a careful look at all of your available options. 

Learn more about condo insurance today!

If you are a condo owner in the greater Pismo Beach, CA area, give Neff & Associates Insurance Services Inc a call to learn more. There are a number of fantastic condo insurance policy options available in our area. Call or stop by today!