Three steps to buying umbrella insurance

Buying umbrella insurance in Pismo Beach, CA is an excellent idea for consumers looking to protect themselves financially. Neff & Associates Insurance Services Inc is a provider of umbrella insurance. 

When you’re buying umbrella insurance, there are a few crucial steps you’ll want to go through. The following are three steps to purchase umbrella insurance. 

Learn about how umbrella insurance works

The first thing you need to do is make sure that you understand umbrella insurance and how it can benefit you. 

Umbrella insurance is a kind of insurance that complements other insurance policies. It would be best to understand that your umbrella insurance coverage will add to your coverage from different insurance types, like your auto insurance policy. 

Determine how much coverage you should have on your policy

Umbrella insurance is typically sold in increments of $1 million in coverage. It’s best to choose a policy with enough coverage so that the full value of your assets is covered. This is the best way to protect your hard-earned wealth. 

Shop around and get policy quotes before selecting an option

As with any other type of insurance, umbrella insurance should only be purchased after a consumer researches options by getting quotes.

Choose a few umbrella insurance providers to request quotes from. This allows you to look at your options before you make a decision. By getting numerous quotes, you can be sure that the umbrella insurance rate you get is competitive. 

Rely on us at Neff & Associates Insurance Services Inc to provide you with important information on the umbrella insurance options you have to choose from. We are an insurance provider offering coverage to consumers in Pismo Beach, CA. Call us today so that you can get a quote on umbrella insurance. 

Why Would My Need for Flood Insurance Change?

The Federal Emergency Management Agency regularly updates its flood maps and the flood zones in which a home resides. If, in remapping, your Pismo Beach, CA home moves from a zone that doesn’t require flood insurance to one that does, you will need to purchase a policy.

At Neff & Associates Insurance Services Inc., we understand how complex flood mapping and flood insurance can seem. If you resided in a home in a flood zone A or V and took out a federally backed mortgage, you must purchase flood insurance.

Your bank typically requires proof of this purchase, just like your home insurance policy. Of course, when remapping occurs, your home that previously did not sit in either zone A or V can move into one.

That’s because flood risk changes over time. An area’s topographical features change, which can alter water flows from creeks, rivers, lakes, etc.

If you rent, your landlord may include a rider in the lease that requires you to obtain renter’s insurance but won’t require flood insurance. That’s because the landlord’s flood policy covers the structure. It won’t cover the contents that belong to you, so you should still obtain a flood policy for contents only if the flood zone for the home changes.

FEMA continually conducts flood map updates, so your flood zone could change at any time. The agency sends the homeowner a notice that the zone has changed.

If you reside in a home that now belongs in zone A or V, you’ll need flood insurance. Contact Neff & Associates Insurance Services Inc., serving Pismo Beach, CA, for more information.

Motorcycle Safety Essentials for New Riders

Once you obtain your motorcycle license in Pismo Beach, CA, you probably want to hit the road. Neff & Associates Insurance Services Inc. wants you to do so safely. In addition to carrying your motorcycle insurance, we put together this short blog to help you ride more safely.

1. Consider completing a safety course.

Completing a Motorcycle Safety Foundation (MSF) course boosts your riding skills, road knowledge, bike know-how, and can help you with your insurance qualifications. Some areas offer these courses for free, so enjoy one.

2. Always ride wearing an appropriate helmet.

Sure, your granddad’s war helmet looks cool, but it wasn’t designed to protect you while you ride a motorbike. Only ride while wearing an appropriate motorcycle helmet. These weigh about three pounds and feature a thick polystyrene-foam inner liner. Always use the chin strap to affix the helmet to your head.

3. Conduct a quick bike check before riding.

Know your bike well. Before you hit the road, check your tire inflation, brakes, and look for fluid leaks. If you’re giving a person a ride on the bike, adjust the suspension and tires first to accommodate the added weight on the bike.

4. Sit down fully on the bike seat and hold on to the handlebars with both hands.

The only time you should take your hands off of the handlebars should occur when you signal. Explain safety to any passenger before riding.

5. Obey all traffic laws.

Remain aware of the road and other vehicles. Obey all traffic laws. Ride with at least one car length between you and the vehicle in front of you.

You can stay safer on the road with the proper precautions and motorbike insurance from Neff & Associates Insurance Services Inc. Contact us for insurance if you reside in the Pismo Beach, CA area.

Will condo insurance pay for the repair of my front door?

Condo insurance, like homeowners insurance, provides protection and coverage for many things. However, it can be confusing when understanding what’s covered and what’s not. Neff & Associates Insurance Services Inc can take the confusion out of understanding condo insurance for Pismo Beach, CA residents. 

What is Condo Insurance?

Condo insurance is also referred to as H06 insurance. This insurance covers legal liability and much more. A condo insurance policy can cover damage to the interior of your condo unit, your personal items, and even living expenses. However, condo insurance is only designed to cover the interior of your condo unit. The condo association covers the exterior of your condo unit. As a result, who covers what can be confusing when determining how to get something fixed.

Will Condo Insurance Pay for the Repair of my Front Door?

As a condo owner, your condo association may be responsible for repairing your door, depending on how it was damaged. If the damage fits the condo association’s coverage guidelines, your condo association will repair it. However, your condo insurance may cover the repair of your front door if the damage is within the covered policy guidelines. You’ll likely need to speak with the condo association and your condo insurance company to determine who’s responsible. Conversely, if your front door is damaged due to negligence, you may have to pay for the repair of your door out of pocket. Likely, the damage may not be covered under the condo association’s policy nor your condo policy. If you have questions about condo insurance, call us. We’d be happy to help you explore the benefits. 

What are Basic Liabilities for Motorcycle Insurance?

The basic insurance liabilities for motorcycle owners are the same as for automobiles. It breaks down to 15/30/5. In other words, riders must have a minimum or above of

  • $15,000 for bodily injury per person
  • $30,000 for bodily injury per accident
  • $5,000 in damage liability for each accident

Optional Coverages

According to Neff & Associates Insurance Services Inc. representatives, motorcycle owners don’t need to purchase uninsured/underinsured programs for their insurance policy. Additionally, they don’t need a personal injury protection (PIP) rider. Bodily injury and damage liability are the only coverages needed to qualify for a motorcycle insurance policy. 

Is Motorcycle Insurance Required?

In California, motorcycle insurance is required to drive the vehicle in Pismo Beach, CA, and across the state. It has to be specific to the vehicle. To put it another way, you cannot apply an auto insurance policy to the motorcycle. 

Are There Penalties if You Don’t Have Motorcycle Insurance?

In California, driving a motorcycle without the proper insurance is illegal. If you can’t provide proof of a policy when pulled over by law enforcement authorities, it might lead to fines, license suspension, or impounding your motorcycle. Penalty payments increase for each offense.

On top of this, even if you have motorcycle insurance, you may be penalized if you can’t provide physical proof. Fortunately, there are ways to appeal the fees related to this issue. The fees may be revoked if you produce the evidence within the ticket’s deadline. 

How to Obtain Motorcycle Insurance

You can purchase a motorcycle insurance policy through national or local outlets like Neff & Associates Insurance Services Inc. Be prepared to ask several questions to get the right policy for your needs.

What Should I Look for in a Good Renters Insurance Policy?

When renting an apartment or house, one of the most important things to consider is getting renters insurance. This type of insurance protects your belongings in case of theft, damage, or other problems. But with so many different policies available, it can be hard to know what to look for in a good renters insurance policy. Here are a few key things to remember when shopping around for coverage.

1. Coverage Limits

Most renters insurance policies have coverage limits, which is the maximum amount the policy will pay out in case of a claim. Make sure to choose a policy with coverage limits that are high enough to cover the value of your belongings. Otherwise, you might have to pay out of pocket to replace damaged or stolen items.

2. Exclusions

All renters insurance policies have exclusions, which are events or circumstances not covered by the policy. For example, most renters’ insurance policies exclude damage caused by earthquakes or floods. Be sure to read the fine print of your policy, so you know what is and isn’t covered. The fewer exclusions there are, the better.

3. Deductibles

Many people don’t realize that most policies have a sum you must pay before the insurance company covers any damages. This is called a deductible, and choosing a policy with a deductible that you can afford to pay is essential. Otherwise, you might be in a difficult financial situation if you need to make a claim.

4. Easy Claims Process

If you need to make a claim, you’ll want to be sure that the process is as easy and smooth as possible. Some insurance companies make it difficult to file a claim, which can cause a lot of frustration. Do some research on different insurance companies and read reviews to see which ones have a reputation for being easy to work with regarding claims.

Get Renters Insurance in Pismo Beach, CA

Keep these things in mind if you’re looking for a good renters insurance policy. Neff & Associates Insurance Services Inc can help you find the right policy for your needs. Contact us today to get started.

What Impacts the Flood Insurance Premium on a Policy

Many living in the Pismo Beach, CA area need flood insurance. If you are someone looking to shop for flood insurance, you need to get a sense of what factors will have an impact on the premium. The premium is the price you will pay for the flood insurance policy. The Neff & Associates Insurance Services Inc. team is in a position to help educate and get you set up for success in your search for flood insurance.

Factors Impacting Flood Insurance in California

There are a variety of factors that have an impact on the flood insurance premium you will pay. The flood insurance premium will be impacted by the type of coverage you purchase and the deductible on the policy.  

Other factors that will impact flood insurance include the flood risk of your property, e.g., whether you are in a flood zone and the location of your structure. The design and age of your structure could also impact flood insurance overall.  

Conclusion

The cost of flood insurance will vary quite a bit when you take into account the coverage you purchase, the property’s location, flood risk, design, as well as the age of the structure. When you factor in all these things, you can understand why one property will be more expensive for flood insurance than others. The Neff & Associates Insurance Services Inc team is in a position to help you be as educated as possible as you shop for flood insurance.

Will my condo insurance pay for the repair of the pipes that burst under my kitchen sink during a winter freeze?

Condo insurance is similar to homeowner’s insurance in that it covers your condo’s structure(interior), walls, floors, appliances, and personal items. This insurance can pay for repairing and replacing items or structures within your condo unit. Our team at Neff & Associates Insurance Services Inc can help Pismo Beach, CA condo owners get the coverage they need.

What Does Condo Insurance Cover?

Condo insurance will compensate for theft, vandalization, the repair or replacement of walls and floors, appliances, and more. Condo insurance also provides coverage for fire and water damage. If your home is damaged by water, condo insurance will repair the damage if possible. If not, condo insurance will pay for the replacement of the damage. 

Will Condo Insurance Cover my Burst Pipes?

If your pipes burst from an unexpected freeze, your condo insurance will cover the repair or replacement of your pipes. Typically, your condo insurance will pay for the cleaning, repair, and replacement of your pipes and the cleaning and repair of anything damaged due to your pipes bursting. This includes your floors and flooring, drywall, furniture, and anything else that was affected or incurred water damage from your burst pipes. 

Other Considerations…

Although condo insurance will cover the repair or replacement of burst pipes, there are situations where a burst pipe or pipes won’t be covered. If your pipes burst due to neglect or some other circumstance caused by you, your condo insurance won’t pay for the repairs. However, if you have questions regarding what’s covered by condo insurance, give us a call. We’d be happy to answer your questions.

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.