What Are The Differences Between Condo and Home Insurance?

Every responsible property owner should understand what exactly their insurance policy covers. If you’re a homeowner, you need to consider not only your home but also your land and any other structures on your land, such as pools and sheds. If you’re a condo owner in Pismo Beach, CA, determining what needs to insure might seem more simple, but you still need to make sure there aren’t any gaps in your coverage. Neff & Associates Insurance Services Inc offers the home as well as condo insurance and we are here to help you navigate your insurance needs.

The biggest difference between condo insurance and home insurance is what part of the property the policy needs to cover. When you own a home, your insurance policy covers your entire structure and any surrounding land that you own. When you own a condo, however, your insurance only needs to cover the portion of the building that you actually own. There may also be special requirements for condo insurance set by the condo association where you live, whereas this is not the case with homeowners insurance. It’s important that you check with your condo association to determine what coverage you need.

Determining what coverage is required for your particular situation based on your condo and your condo association can be confusing. Condo owners in Pismo Beach, CA should talk to an insurance agent to help them understand what coverage they need so they’re not left with gaps and inadequate insurance. Before disaster strikes, talk to an experienced insurance agent at Neff & Associates Insurance Services Inc so you can have peace of mind knowing you and your property are fully insured.

How Commercial Insurance Can Cover Your Online Business

Many people in Pismo Beach, CA have started or considered starting an online business. Whether big or small, you need to understand an online business is still a business. You need to protect yourself, your assets, and your operations with some form of commercial insurance from Neff & Associates Insurance Services Inc.

Why Your Online Business Needs Protection

All businesses come with a certain amount of risk. Consider the potential risks generated by your online business. You may have to think hard about it, but you can probably come up with quite a few. Some examples can include:

  • A failure or perceived failure to deliver on a promise
  • Any harm or perceived harm, whether physical or mental, caused by your service
  • Selling a defective product to someone

This is not an exhaustive list. In addition, these things all apply if you hire a third party who creates these risks in your name. Basically, if you can think of any reason someone may consider suing you or your business, you need to mitigate that specific risk.

Even if the claim against you is unfounded and frivolous, you will still have to spend money fighting the case. This can stop an online business cold before it ever really gets going.

How Commercial Insurance Can Help Your Online Business

Commercial insurance gives your online business the protection it needs by providing coverage for all the things that can go wrong. For example, commercial insurance can provide:

  • Coverage for your business equipment
  • Coverage for business interruptions and loss of income
  • Liability protection if someone claims your business harmed them

The exact type of commercial insurance you need in Pismo Beach, CA will depend on the nature of your online business. To learn more about the options available to you and your online business, contact Neff & Associates Insurance Services Inc. today.

The Differences Between Policies for Classic and Regular Cars

If you love cruising around Pismo Beach, CA in your classic car, you probably already understand the importance of good car insurance. Even if you’ve collected classic cars for years, do you actually know the differences between regular and classic car insurance? At Neff & Associates Insurance Services Inc, we want you to understand your insurance and what you’re paying for. Read on to learn about the differences between standard car insurance and classic car insurance.

Cheaper

Most likely, you’re not driving your classic car to work and back every day. This limited use transfers to lower risk of an accident, thus lower rates. Classic cars are also usually well taken care of and stored in enclosed garages. For these reasons, classic car insurance is typically much cheaper than regular car insurance.

Car Value

Typically with regular cars, the value of your car is determined by the current retail value. With regular, everyday cars, this value obviously depreciates over time. With classic cars, however, value and cost operate very differently. Once you and the insurance company agree on a value for the car, that is the amount you will receive if something does happen.

Qualifications

It’s a no-brainer that you need a license to drive a regular car, but you also need a special license to drive a classic car. This is only one of the requirements you need to meet in order to qualify for classic car insurance. Talk to an agent at Neff & Associates Insurance Services Inc to find out what is required to ensure your classic car.

Next time you take your ‘63 Ford Galaxies 500 out for a spin in Pismo Beach, CA, you can cruise with the knowledge of how your classic car insurance works.

Does My Home Insurance Cover Pets?

Statistics indicate that at least 65% of United States households own a pet, which translates to approximately 79 million households. However, most of the homeowners in Pismo Beach, CA don’t seem to think about their pets when purchasing their home insurance policies. Did you know that most of the home insurance providers such as Neff & Associates Insurance Services Inc consider your pet as one of your family members? We all understand the fact that as much as we love our pets, they can be more destructive than our young ones. Therefore, the big question is; does your home insurance cover your pet?

Home Insurance and Pets

The first and most critical thing that you need to understand is that there is a big difference between coverage for your pet and liability coverage for the acts of your pet. Typically, your homeowners’ insurance policy won’t cover your pet as a family. For example, you can’t use it to treat your pet when it falls sick or gets injured. You need to purchase a pet insurance policy that will cover your pet’s life.

However, most of the standard home insurance policies will offer liability coverage for the acts of your pet. Your home insurance policy typically covers damage to your property, personal belongings inside your home and it will also protect you if someone is injured in your home. How about if your little friend damages your neighbor’s expensive carpet, are you still covered?

The simple answer to this question is yes; you will be covered since most insurance providers offer liability coverage for the acts of your pet. However, it is also good to note that some pets, especially dogs, are considered riskier than others, and your insurance provider may charge you higher premiums or decline to insure you altogether. Keep in mind that every policy is different and it is your responsibility to contact your provider beforehand to determine whether your pet can be covered or not.

Contact Neff & Associates Insurance Services Inc today for your homeowners’ insurance policy.

Auto Insurance Coverage Options

It is good to have an auto insurance policy to protect yourself financially in case your covered automobile is involved in a car crash. Most auto insurance policies have six types of coverages. These coverage options are usually priced differently. Here is what you need to know about auto insurance coverage options in Pismo Beach, CA.

Bodily injury liability

The coverage option will pay for any sustained injuries that you cause as the auto insurance policyholder. You and close relatives are also covered in case you are involved in an accident while driving someone else’s vehicle with their permission.

Personal Injury Protection (PIP)

The coverage option applies when paying for the treatments to the driver and passengers of your vehicle. In some situations, PIP can also cover lost wages, medical payments, and funeral costs.

Property damage liability

The coverage option pays for damage that you will cause to other people’s property. Hence, it covers damage to the other car, or someone else’s fence, building, and lamp posts among other structures.

Collision

The coverage option will pay for damage caused to your car after a collision. Meaning, if you damage your car in a pothole or hit another car or other objects such as telephone poles and trees, the coverage will protect you. Remember, damage caused to your car resulting from collisions with deer is covered under comprehensive. In most cases, the coverage is purchased with a separate deductible. Neff & Associates Insurance Services Inc may reimburse you for costs of repair to your damaged car, minus the deductible regardless of whether you are at fault or not.

Comprehensive

The coverage option covers your losses when your car is stolen or damaged by something else that is not covered under collision. It covers things such as falling objects, hail, flood, explosions, theft and vandalism.

Uninsured and underinsured motorist coverage

The coverage option reimburses you or a family member if hit by uninsured or an underinsured driver. The coverage may also come in hand if you are involved in a hit-and-run accident.

Are you shopping for the right auto insurance coverage? Contact us Neff & Associates Insurance Services Inc for more information.

Are Your Classic Car Insurance Needs Affected by Where You Store the Vehicle?

Protecting your classic car is not always a straightforward proposition, as there are many different factors that contribute to the type of policy and the level of protection that you need. Don’t let the time and investment that you have put into your vehicle go up in smoke! The team at Neff & Associates Insurance Services Inc are proud to serve the Pismo Beach, CA area and help our clients find the policies that suit their protection needs. Classic car policies can be a little bit less straightforward than coverage for other vehicles, but working with a professional agent can help to ease the process.

There are companies that prefer clients who store their classic cars in a secured garage. By taking the extra step of keeping your car at a storage garage, you can sometimes find a greater selection of options for your policy; and temperature controlled garages can improve your position even more.

Finding the Right Policy for Your Classic Vehicle

Your policy can vary due to several different factors such as:

  • Is the car a restoration or built from a kit
  • Do you drive the vehicles or do they only come out for classic car shows
  • Is the vehicle stored in a temperature controlled storage facility

These are the main considerations that you and your agent should take into account when selecting the most appropriate coverage option for your classic car.

Learn More About the Options Available to Protect Your Classic Car

At Neff & Associates Insurance Services Inc we understand that a classic car is a lot more than just a hobby. If you are in the greater Pismo Beach, CA area and want to learn more about your coverage options, contact us today.

Why You Need Supplemental Condominium Insurance

Condominium insurance can be confusing, and many of our clients come to us with questions about condo insurance. At Neff & Associates Insurance Services Inc we understand that the insurance selection process can be difficult at times, and we are here to help! If you are in the greater Pismo Beach, CA area and have questions about how to best protect your condominium, call us today!

The Condominium Owners Association Policy Probably Covers Less Than You Think

Unfortunately, if you are relying on your COA policy to protect you in the event of a loss, it is likely that you will be disappointed. Typically, the building insurance that covers condos in  California covers common areas, and the structure itself. In the event that there is a catastrophe, fire, or break-in the personal items housed in your unit will not be covered. Supplemental protection can give you the peace of mind that comes with knowing that you can file a claim in the event of a loss.

In simplistic terms, the building coverage stops once you walk through your door. In situations where there is a leak from another unit, or a neighbor starts a fire, such events will likely not be covered. It is always a good idea to work with a full-service agency to better understand the coverage that is available and the level of protection that your situation requires, as there are many different types of condo insurance available.

Still, Have Questions? Contact Us Today

We are proud to serve the greater Pismo Beach, CA area and want our clients to rest easy knowing that they have the coverage that they need. If you need condo insurance or would like to review your current policy, contact Neff & Associates Insurance Services Inc today.

Progressive renters insurance: What you need to know.

Most people do not realize the need for renters insurance but as a renter in Pismo Beach, CA, it is key to preparing for the unexpected.
Progressive Insurance provides renters insurance covers to quite a number of people and offers multiple types of insurance products including:

  • Replacement of assets
  • Protection from accidents and other injuries and repairs resulting from damages
  • Living expense coverage.

Progressive renters insurance offers a wide range of insurance solutions which suits every home owner’s needs. Often, protection from insurance providers gives you peace of mind regardless of the size of the claim. 

Getting a renters insurance service from progressive cover protects your personal belongings and has other add-ons which cover other expenses should you need them? This can help you cover the items you own that are pricey to buy or replace in case your insurance provider is reimbursing you with only the depreciated value in the event of damages or loss. 

All your valuables including clothing and electronics will, therefore, be replaced at the cost of the newly purchased item. In addition, they offer liability protection that covers substantial expenses like a lawsuit or in case an accident happens while you are renting, you and anyone in your rental house or home will also be covered by your progressive rental insurance policy. 

Any other deductibles (what you pay out of your own pocket for repairs or for another claim) will also be taken care of, whereby, the insurer pays a particular portion while the progressive covers the rest.

At Pismo Beach, CA, Neff & Associates Insurance Services Inc., we have networked professionals who offer a robust suite of coverages including progressive rental insurance. We are proud of our long-lasting relationships with our clientele because of the quality insurance coverages we offer to the residents of Pismo Beach in addition to our competitive pricing and low deductibles for renter’s insurance claims.

Why You Need Motorcycle Insurance?

When you are looking for a new mode of transportation, nothing can be more exhilarating than riding a motorcycle. For those that are in the Pismo Beach, CA area, taking a ride through the area can be a lot of fun and is a great way to get around. While a motorcycle is often considered more of a recreational vehicle, they are also important assets that need to be covered by insurance. There are several reasons why you need to make sure you have a good policy covering your motorcycle.

Required by Law

One of the main reasons why you will need to have motorcycle insurance coverage is that it is required by law. In California, you will need to make sure that you have at least the minimum level of liability coverage in place. While it is normally recommended that you have more coverage at all times, you will at least need to $30,000 per incident in bodily insurance coverage with a $15,000 per person cap. You will also need to have property damage liability coverage of at least $5,000.

Cover Your Asset

The law in California does not require you to carry any coverage that protects your asset. However, you should also consider getting a collision and a comprehensive policy on your bike. This coverage will provide you with reimbursement for a wide range of losses including theft, accidents, or vandalism.

When you are looking for motorcycle insurance coverage in the Pismo Beach, CA area, you should speak with Neff & Associates Insurance Services Inc. When you meet with Neff & Associates Insurance Services Inc, the insurance company will be able to make sure that you are properly educated on the need for motorcycle insurance coverage and they will help you get into the right policy. 

 

Is Flood Insurance Worth Getting in Pismo Beach, CA?

Pismo Beach, CA is surrounded by water, meaning lot’s of fun at the beach but also the risk of flooding. It is not unknown for storms or rising water levels to occur, which can possibly cause flood damage in certain areas. This is why flood insurance can be useful in this particular beach town. If you are shopping around for a private flood insurance option, Neff & Associates Insurance Services Inc is worth checking out.

Although Homeowner’s insurance can be quite extensive, it is not typical that your insurance company will include flood damage. There are so many people that assume that floods are included, which may be why so few disaster victims bother to purchase insurance.

Flood insurance will basically cover damaged caused by the over-accumulation of water. Water that comes in through a sunroof or window is not considered flood damage according to most policies.

The government provided insurance program may be sufficient for some households, but there are limitations. There is currently a maximum of $250,000 that the NFIP will cover damages done to your home. You may also claim personal possessions up to $100,000. If you think that your property is worth much more than that, you may want to consider the purchase of a private option.

What your plan may cover:

  •     Electrical damage
  •     Plumbing damage
  •     Appliances and electronics
  •     Cabinets and fixtures
  •     Carpet
  •     The cost of debris removal
  •     HVAC equipment

If you are in the Pismo Beach, CA area, it is definitely worth considering the purchase of a flood insurance policy. The tidal waters alone put you at risk of flooding and many mortgage lenders may require the purchase of flood insurance. If you are in the market for some affordable insurance, consider consulting with Neff & Associates Insurance Services Inc.