Factors to Consider When Buying Renters Insurance

Not every renters insurance policy is the same. As such, you need to consider certain factors to help you find the policy that best suits your needs. Here at Neff & Associates Insurance Services Inc, serving the greater Pismo Beach, CA area, we are committed to helping everyone find the right insurance policy. Here are three of the factors we recommend you consider as you look to buy renters insurance. 

The Events the Policy Covers

One of the first factors to consider when you are looking to buy renters insurance is what events the policy covers. Different policies cover or exclude different events, including theft, fire damage and flood damage. Always make sure you understand what events are covered under your policy and which are excluded from your policy. 

The Fair Market Value of Your Belongings

The next factor you need to consider when buying a renters insurance policy is what the fair market value of your belongings are. Go around your home and make a list of everything you own, including clothing, electronics, dishes and furniture. Then figure out fair market value. Make sure your renters insurance policy covers the minimum value of your belongings. 

The Cost of an Emergency Rental in Your Area

Lastly, take the time to find out how much it would cost you to have to get a rental similar to yours for up to three months. Renters insurance will provide you with temporary rent coverage if you are forced to relocate while repairs are being made or due to unsafe living conditions. Always make sure the value that is offered in temporary rent provides you with enough money to live based on the rental market in your area. 

Finding the right renters insurance policy for you in the Pismo Beach CA area can be overwhelming. At Neff & Associated Insurance Services Inc, we can help make the process easier. Contact us today and let us guide you toward the policy that best meets your needs. 

How Much Motorcycle Insurance Coverage is Enough?

As a motorcycle driver in the state of California, you need to at least meet the minimum requirements as set up by the insurance laws in the state. While these may be enough in coverage for some people, there may be others that consider getting a bit more coverage for their motorcycle and themselves.  Here at Neff & Associates Insurance Services Inc we know that you need to at least have the minimum coverage here in Pismo Beach, CA. 

What is the Minimum Motorcycle Insurance Requirement in CA?

For motorcycle insurance, the law is clear and outlines the specific type of coverage you need as well as how much. You need to have liability coverage on your motorcycle and the minimum coverage depends on the type. You need to have at least $15,000 in coverage for injury or death for one person. You also need to have at least $30,000 for total injury or death if there are multiple people that are hurt in the accident you caused. Lastly, you need to have at least $5,000 in coverage for damage to property. You may decide that you need more but as long as you have the minimum, you are compliant with the state laws.

If you do not have the minimum coverage for your motorcycle or you want to make sure that your policy meets the requirements, be sure to contact us at Neff & Associated Insurance Services Inc today. We are here to help those in the Pismo Beach, CA area ensure they are properly covered and will take a look at your current policy or get you a quote at no cost to you. We will also help you find a policy that fits in your budget so you do not have to sacrifice anything to remain compliant.