Facts You Need to Know About Classic Car Insurance

You’ve searched throughout Pismo Beach, CA for the ideal classic car and now finally gotten that classic car that you’ve been dreaming about; you’ll need to insure it. Classic car insurance is thought to be a non-standard form of automobile coverage that is used to meet the insurance needs of classic car collectors. Since it is a type of specialized coverage, there are a few things you’ll need to know before you can cover your classic car. Neff & Associates Insurance Services Inc has put together some facts you need to know about classic car insurance.

Vehicle Categories and Age

In order for a vehicle to be qualified for classic car insurance, it must fall into one of three categories:

  • Veteran, which are cars that were manufactured on or before December of 1904
  • Edwardian, which are vehicles manufactured between January 1905 and December 1918
  • Limited, which are rare, limited editions or special interest vehicles; there were several vehicles manufactured in the 1970s, but not all vehicles that were built before 1974 are considered classic cars. For instance, foreign sports cars, convertibles, cars that have a big block V8 engine are considered classic.

In the majority of states, a vehicle should be a minimum of 15 years old before it is considered to be a classic car and qualify for classic car insurance. Some states require the vehicle to be 25 years of age in order to be classified as a classic; however, there are many auto insurance providers that may work with you to provide classic car insurance for vehicles less than 15 years of age. The best thing to do is to talk with your insurance provider to determine if your car meets the qualifications for a classic car.

Storage Requirements

Many classic car insurance providers also require specific storage requirements for classic cars. It’s important to speak with your insurance provider for specifics, but in most situations, you’ll need to make sure the car isn’t parked outside and that it is stored in a secure garage or storage facility that is designed for storing classic cars.

In order for a classic car to be qualified for classic car insurance coverage, it must not be your primary vehicle. Even if your car is considered to be rare, in most situations, it will not be eligible for classic car coverage if you drive it every day. Only classic cars that are driven on a limited basis are generally eligible for classic car coverage and many insurance providers have strict restrictions on the number of miles it can be driven annually.

Residents of Pismo Beach, CA interested in learning more about insuring their classic car should contact Neff & Associates Insurance Services Inc.

Is Commercial Property Insurance Required?

Commercial property insurance provides protection against loss and damage to buildings, tools, equipment, inventory, and more. While commercial property insurance is not required by law, if you lease or own a business property in Pismo Beach, CA, you should consider obtaining it.

For renters, the property owner may require that you carry commercial property insurance to lease the property. Failure to carry the insurance may result in the landlord voiding the lease. Be sure to check on requirements before signing any lease contracts.

If you own your own commercial property in Pismo Beach, CA, commercial insurance can be very beneficial for you. Running a business is costly enough. Having to repair or replace the property or belongings inside it out of your own bank account is not something any business owner wants.

Commercial property insurance provides coverage for losses or damages due to events such as vandalism, theft, fire and wind, and other natural disasters. You can add additional coverage for flood damages, personal property at the business, computer-related losses in case of virus attacks and such, and business interruption coverage should your business be closed due to a covered event.

The type and amount of coverage you need will depend on the specifics of your business, the property, and the equipment involved. Neff & Associates Insurance Services Inc can analyze your business needs and help you determine the specific coverage you need. We will work with you to find the right protection for your business.

Stop by or give us a call today at Neff & Associates Insurance Services Inc to learn more about commercial property insurance and to get your free, no-obligation quote. We look forward to hearing from you!

Why you need home insurance in Pismo Beach

Pismo Beach, CA can be a great place for anyone to live. Due to the proximity to the ocean and warm weather, there are many great activities to enjoy. If you are a homeowner in this area of California, you need to carefully consider all of your insurance needs. There are many reasons why someone in this area needs to have home insurance.

Provides Necessary Protections

The main reason why someone in the Pismo Beach area needs to have home insurance is that it provides very valuable services and protections. A home is a major investment and if it is damaged or destroyed, the impact could be devastating. Further, those that own a home are often taking on more liability risk than they realize. Fortunately, when you invest in a home insurance policy, you can receive coverage for both of these risks. 

Requirement

Beyond giving you good protection, it is also often a requirement for someone to have home insurance. Anyone that either has a mortgage or lives in a home association will undoubtedly be required to carry home insurance. When you have home insurance, the lender’s collateral will be protected and the home association will know that you can handle a liability claim or pay to rebuild your home if there is damage. 

There is no doubt that anyone that owns a home in the Pismo Beach, CA area should get home insurance. If you are looking for insurance in this area, you could find picking a policy is hard to do. Those that need support in getting into a good policy should call Neff & Associates Insurance Services Inc. Neff & Associates Insurance Services Inc can provide many different services to ensure that you and your home are properly protected. 

How Much Insurance is Required in California?

Every state requires that an automobile owner carry a minimum of liability insurance. However, each state has its own requirements on how much coverage liability insurance provides. If you live in Pismo Beach, CA, Neff & Associates Insurance Services Inc is here to help you understand how much coverage you need. 

Minimum liability coverage in California consists of the following:

  • $15,000 for the death or injury of a person, up to $30,000 per accident
  • $5,000 for damage you cause to someone else’s vehicle or other property with your vehicle

It is illegal to drive in the state of California without minimum liability coverage. Driving without it can lead to costly fines, suspension of your license, or even getting your car impounded. These are all consequences that can not only affect your wallet now but also your driving record which can affect your insurance rates in the future.

You must also be offered $15,000 per person for bodily injury to an uninsured motorist, up to $30,000 per accident. This helps cover costs if the other party of the accident is not carrying their own insurance. It is not required for you to add it to your policy, but you must sign a waiver if you choose not to.

It is a coverage you should consider carefully as one never knows who is on the road or whether they have the necessary insurance. If you are in an accident in which the other motorist does not have insurance and your vehicle is damaged, uninsured motorist coverage can help get your vehicle repaired and back on the road.

We here at Neff & Associates Insurance Services Inc want to help Pismo Beach, CA residents get the coverage you need. Stop by or give us a call today for your no-obligation quote!

 

Auto Insurance Mistakes Every Driver Should Avoid

Whether you’re purchasing auto insurance for the first time or updating your policy, it’s important to research your options to avoid mistakes that can cost you money. By working with a reputable insurer, you can avoid paying more than necessary for your policy or losing out on valuable coverage. The following tips from Neff & Associates Insurance Services Inc in Pismo Beach, CA can help you make wise auto insurance choices.

Not Shopping Around

Auto insurance is an extremely competitive business. If you don’t shop around and compare what different insurers have to offer, you could end up overpaying for your coverage. Shopping around enables you to find the coverage you need at a reasonable cost.   

Choosing the Cheapest Price  

Going with the cheapest insurer isn’t always the best. It’s better to work with a reputable insurer who will provide you with quality coverage and services you can trust. Before choosing an insurance company, check reviews from their customers to see how the company fares in coverage, price and customer service.

Getting Inadequate Coverage

Don’t compromise on coverage to reduce insurance costs. Make sure you have the coverage you need to protect yourself, others and your vehicle. Your policy should cover minimum auto insurance requirements for your state. In California, minimum liability and uninsured/underinsured motorist coverage are mandatory.

Not Checking for Discounts on Coverage

Most insurers offer discounts on auto insurance coverage. By not checking to see if you qualify for discounts, you may pay more than you have to. You could pay less if you complete a driver’s safety course, are a senior, have a good driving record, have certain safety features in your vehicle or bundle your auto and home policies together.  

For quality auto insurance coverage at affordable costs, contact Neff & Associates Insurance Services Inc in Pismo Beach, CA.

The Main Benefits of Commercial Umbrella Insurance

Neff & Associates Insurance Services Inc is proud to serve the commercial insurance needs of the greater Pismo Beach, CA community. If you are a business owner in the area, it makes sense to take a look at the umbrella insurance options that are available. Primary commercial policies are often insufficient to cover all of your needs should a catastrophic event happen. A commercial umbrella policy can bridge any gaps that there may be in your current policy and help you prepare for the unexpected.

Benefits of a Commercial Umbrella Policy

A primary policy has limits, and once you reach that level for a claim, your coverage can end. If you have a major covered event that taps out your primary policy, an umbrella policy will help you fill the gaps. 

Business owners often have frivolous lawsuits brought against them, and a successful slip and fall claim, for one example, can be enough to exhaust your primary insurance coverage. Umbrella policies kick into action to cover any shortfall from your primary policy, thus minimizing the potential for personal financial responsibility. No one wants their business to be adversely affected by an event when there is protection available.

Don’t get caught with insufficient insurance coverage! The success of your business can be negatively affected if you don’t have the proper coverage. Take a look at your current insurance portfolio and determine if an umbrella insurance policy makes sense for you and your company!

If you are a business owner in the greater Pismo Beach, CA area, now is a great time to review your commercial insurance. The team at Neff & Associates Insurance Services Inc is here to ensure that your commercial insurance portfolio is sufficient. Don’t leave your business unprotected, find out more about commercial umbrella insurance today!

Motorcycle insurance: How much do I need?

More motorcycles are registered in the state of California than in any other state in the United States. Can you picture a better place to enjoy riding your motorcycle than Pismo Beach, CA? Probably not but when you are riding a motorcycle you do need to think about insurance. California requires all drivers to carry liability insurance, they follow the 15/30/5 rule. Since California is a no-fault state you will also be responsible for your own injuries. The staff at Neff & Associates Insurance Services Inc can help you understand what these terms mean. 

Liability insurance is important. It protects your assets. You may want to think about whether the basic amount that is required by the law is really enough to protect you. If you own a home, it may not be enough especially if you happened to get sued as the result of an accident. While liability insurance protects the other party/parties in an accident, what about you?  Uninsured or underinsured coverage can protect you in the event that you are in an accident with someone who doesn’t carry the required insurance.  

When you have a loan on your bike you will be required to have collision and comprehensive coverage. When the loan is paid in full you may think itis more economical to let that insurance lapse. Depending on the age and quality of your vehicle, this may not be a good idea. If you have an expensive bike or have done custom work on it the value may make it important to protect. It could be damaged in an accident or stolen and if this would be something that would be hard to pay for out of your pocket carrying these valuable additional coverages is a very good idea. 

Why not stop into the office of Neff & Associates Insurance Services Inc in Pismo Beach, CA and lets us make sure that you have all the coverage that you need for your motorcycle and yourself. 

 

Why Should I Get Flood Insurance

Buying a home in the Pismo Beach, CA area can be a great investment and long-term decision. For those that are in this area, the proximity to water can come with an increased risk of flood damage. Since this risk is prevalent in this area, getting flood insurance could be a good option. There are several reasons why you should get flood insurance for your property. 

Mortgage Requirement

Depending on where you live specifically, you may be required by your lender to carry flood insurance. Most lenders will follow the guidelines set forth by FEMA and if you are in a flood zone, you will need to have adequate coverage at all times. Even if your home doesn’t require it today, your lender will have the right to check these reports regularly and may need you to get insurance in the future. 

Protects Your Property

Even if there are no mortgage requirements for you to have flood insurance on your Pismo Beach, CA area home, you should still make sure that you get this coverage. Flood damage can be extremely significant. In some situations, it could require a major remodel or a complete rebuild of your property. If your base home insurance policy does not give adequate coverage for this risk, having the additional flood insurance is a complete necessity as it will give you the protection to mitigate this risk.

When you are shopping for a flood insurance policy, you should consider speaking with the team at Neff & Associates Insurance Services Inc. Deciding whether or not you should get flood insurance is complicated and very important. To make sure you make the right choice, speaking with Neff & Associates Insurance Services Inc. is a practical necessity. These professionals can help you get into a great policy that will protect against the risk of flood damage. 

Is Your Condo Guest Ready for the Holidays?

If you’re planning holiday events or receiving house guests this Thanksgiving or Christmas, now would be a good time to prepare your condo for the occasion. These ideas from Neff & Associates Insurance Services Inc. in Pismo Beach, CA can help you get started.

Declutter Living Areas

Clear out the clutter in your entryway and living room to create a more comfortable, relaxing environment for your festivities. This includes old newspapers, magazines, books, sports equipment, winter boots and anything else that makes your condo look cramped and messy. Store items that you want to keep and get rid of junk.

Clean, Clean, Clean

Wash curtains, dust furniture, clean windows, and floors. If needed, touch up walls with a fresh coat of paint for the holidays. Clean the kitchen to include cupboards, counters, refrigerator, and oven so you can cook in a clean, inspiring setting. Deep clean your bathrooms and stock up on bathroom supplies like toilet paper, paper towels and toiletries. Place holiday scented candles on the windowsill for a special touch.

Decorate Your Condo

Spread holiday cheer by putting up a tree and decorations to match. Holiday decorations help create a festive, welcoming environment for family and friends visiting for the holidays.  

Prepare Guest Bedroom

Air out the room to ensure it smells fresh. Make room in your closet for guest clothing and bags. Wash sheets, blankets and towels ahead of time, so they’re ready when guests arrive. Place a bowl of holiday snacks on the nightstand for guests to snack on. Make sure guests have good lighting to read during their stay.

Update Condo Insurance

Be prepared for unexpected accidents or calamities by updating your condo insurance. To learn more about condo insurance coverage and costs, contact Neff & Associates Insurance Services Inc in Pismo Beach, CA.

Things to Consider About Commercial Insurance

Commercial insurance is a broad category of insurance that includes many types of policies for specific protection. Any business that has employees must have workers’ compensation insurance. Every business needs general liability insurance. If you use any vehicles for the business, even if only occasionally, there needs to be commercial vehicle insurance in place.

If a business owns or leases a real property it needs to have commercial property and casualty (P&C) insurance. If it makes or distributes products, it needs product liability insurance. For those in a professional licensed occupation, such as healthcare practitioners or attorneys, then professional liability insurance is warranted. 

Commercial Insurance for Specific Needs

Many other forms of commercial insurance are helpful for protection against other risks, which include:

  • Business Interruption — This insurance provided financial support when the business cannot operate normally due to circumstances beyond the control of the business owner.
  • Key Person Life Insurance — Businesses that operate with the important contribution of one or a few individuals may want to consider getting key person life insurance that covers the death or incapacity of an important owner. These funds can help a business sustain operations while recovering for the loss of a key person.
  • Cyber Security Insurance — Cyber fraud is a significant risk from many businesses. This protection is important for any online business. It is especially important for a business that collects or stores personal information of consumers.
  • Umbrella Insurance — This type of insurance extends the policy limits of underlying policies and provides protection for some risks that are not otherwise covered.
  • Special Risks — There are customized commercial insurance policies available for special circumstances. Consult with your agent at Neff & Associates Insurance Services Inc serving Pismo Beach, CA and the surrounding communities.

Summary

There are so many kinds of commercial insurance that it is best to get a free commercial insurance review with the help of your agent at Neff & Associates Insurance Services Inc in Pismo Beach, CA. Your agent will review the current coverage to look for gaps that may create significant risk. Contact your agent today for a commercial insurance review and a quote.