How much renters insurance do you need?

Did you know that a landlord in Pismo Beach, CA is not required to provide a financial safety net for you should a natural disaster destroy your possessions in your apartment? The property owner’s main intent is to protect his investment. You, too, should think along these lines by purchasing a renter’s insurance plan that covers your financial losses when the unexpected happens. 

What is renter’s insurance?

The agents at Neff & Associates Insurance Services Inc can provide a full explanation about renter’s insurance. In short, though, a renter’s assurance plan is a policy that protects your possessions when the unexpected causes damage to your apartment. A good plan may pay for your furniture and appliances ruined by a leaking pipe. Some renter’s assurance policies also cover personal injury that a friend suffers while visiting your home. 

Why is renter’s insurance necessary?

The structure of your apartment or home in Pismo Beach CA is covered under your landlord’s assurance policy. Your keepsakes, however, are not covered under the same policy. You cannot even count on your landlord’s indemnity plan to pay for relocation fees in the instance of you having to live in a hotel for a few weeks so that repairs to the structure can commence. A renter’s insurance plan, however, may be able to help defray the cost of emergencies so that you do not have to rearrange your budget as much. 

How much renter’s insurance do you need?

The amount of renter’s insurance you need depends on your lifestyle. It is best to speak with an agent at Neff & Associates Insurance Services Inc about assurance plans to ensure that you get the policy that works best. Call us today to get started with a quote!

Motorcycle Insurance: Getting Ready For The Winter

When you’re driving around Pismo Beach, CA on a motorcycle, you want to make sure you’re getting ready for the winter months. It’s time to look at your motorcycle insurance policy to determine it has the coverage that you need. Neff & Associates Insurance Services Inc can help with the details, too.

Review Your Policy

It’s a good idea to review your policy every year. As winter approaches, now’s a great time to do that. Take the time to see if anything has changed. Your premiums could be on the rise due to an accident. If that is the case, you may want to shop around for a new policy. A different insurance company could be able to offer you more affordable premiums. You may also want to consider changing your coverage to feel better protected.

Continue Coverage

You also want to look at whether it’s necessary to continue coverage. As you prepare for the winter months, you may decide that you’re going to take your motorcycle off of the road. If this is the case, you may be able to pause coverage so that you’re not paying for insurance that you don’t need. Particularly if you’re not going to be riding throughout the whole winter, you can talk to the insurance company.

In the end, you want to make sure that you have coverage that you can count on. If you’re riding, you need to know that there is coverage to take good care of all that could happen.

At Neff & Associates Insurance Services Inc, we’re here to make motorcycle ownership easier for you. Contact us today to find out how to customize a policy so that you can enjoy peace of mind in Pismo Beach, CA. Our independent insurance agents are happy to help you find the right coverage.

 

3 Reasons to Buy Flood Insurance

To many people’s surprise, flood insurance is not included in a typical home insurance policy. If you live in Pismo Beach, CA, you particularly need to think about how flooding will affect your property. If you’re unprotected, Neff & Associates Insurance Services Inc wants you to know a little more. 

Your Location 

From earthquakes to strong storms, there are a variety of ways that the homes in Pismo Beach, CA may experience some type of flooding. The ocean may be beautiful, but it can also be destructive. Flood insurance can give you peace of mind if the weather takes a turn for the worst. Flooding can affect anyone in the US of course, but locations near the ocean (even if they’re not located on the beach) may have a few more reasons to worry. 

Flooding Doesn’t End at Water Damage

Water damage is extremely difficult to eliminate from a home. The mildew can get trapped in the fibers of practically every surface and leave a musty smell long after the area is cleaned. But mildew is not the real concern for a homeowner. Water damage can, unfortunately, lead to mold that can spread to every room. And while some variations of mold are mild, others are deadly. These infestations can grow behind the walls for months before anyone has a chance to even notice it. 

You Need Someone to Turn To

Flooding is a scary experience for anyone, which is why it can be terrifying to try to handle on your own. Neff & Associates Insurance Services Inc wants everyone to have a partner they can turn to when life takes a turn. If you want to learn how flood insurance can protect your hard-earned property. give us a call today to learn more. 

 

3 Reasons to Buy Flood Insurance

To many people’s surprise, flood insurance is not included in a typical home insurance policy. If you live in Pismo Beach, CA, you particularly need to think about how flooding will affect your property. If you’re unprotected, Neff & Associates Insurance Services Inc wants you to know a little more. 

Your Location 

From earthquakes to strong storms, there are a variety of ways that the homes in Pismo Beach, CA may experience some type of flooding. The ocean may be beautiful, but it can also be destructive. Flood insurance can give you peace of mind if the weather takes a turn for the worst. Flooding can affect anyone in the US of course, but locations near the ocean (even if they’re not located on the beach) may have a few more reasons to worry. 

Flooding Doesn’t End at Water Damage

Water damage is extremely difficult to eliminate from a home. The mildew can get trapped in the fibers of practically every surface and leave a musty smell long after the area is cleaned. But mildew is not the real concern for a homeowner. Water damage can, unfortunately, lead to mold that can spread to every room. And while some variations of mold are mild, others are deadly. These infestations can grow behind the walls for months before anyone has a chance to even notice it. 

You Need Someone to Turn To

Flooding is a scary experience for anyone, which is why it can be terrifying to try to handle on your own. Neff & Associates Insurance Services Inc wants everyone to have a partner they can turn to when life takes a turn. If you want to learn how flood insurance can protect your hard-earned property. give us a call today to learn more. 

 

3 Ways to Protect Your New Condo

You’ve finally bought your dream condo in Pismo Beach, CA and are getting ready to settle in. One of your first steps should be to take stock of your security to ensure your condo is a safe place to live. The following security and safety tips from Neff & Associates Insurance Services Inc. can help you get started in enhancing the security of your new home. 

Home Security System

If your condo doesn’t have a home security system, consider installing one to keep you safe and protect your goods. Depending on the location of your condo, your system could include an alarm, security camera or sensors for windows and doors to forewarn you when an intruder is trying to get into your condo. If you live on the bottom floor, outdoor security lights are a must.

Don’t forget to change the locks on your door(s) before moving in to avoid problems with former owners trying to get into your condo. Make backup keys as a precaution and only share them with people you fully trust.  

Smoke/Carbon Monoxide Detectors  

Secure the inside of your condo by making sure all smoke and carbon monoxide detectors are working properly and the electrical system is up to date. An outdated electrical system increases your risk of fire. Faulty smoke and carbon monoxide detectors can endanger your life by not providing the protection you need against carbon monoxide poisoning and fire.

Condo Insurance

Purchase a condo insurance policy to protect the interior structure of your unit and your belongings. Condo insurance will help pay for damage to cabinets, ceiling, walls and floors in the event of a disaster. It will also protect your personal goods from theft and harm.  

For customized condo insurance coverage to safeguard your new condo in Pismo Beach, CA, contact Neff & Associates Insurance Services Inc. today.

Why commercial insurance should be at the top of your new business to-do list

Opening a new business can be an exciting and nerve-wracking proposition. There are a million and one details to sort out, and of course, there is always the stress of launching something new. If you are looking to open a new business, it’s important that obtaining commercial insurance is at the top of your list! The team at Neff & Associates Insurance Services Inc is here to help the business owners in the greater Pismo Beach, CA area obtain commercial insurance. We are proud to serve the insurance needs of our community. 

Don’t overlook the importance of commercial insurance

Owning a business takes a lot of time and effort, and can become almost like another child. It takes a lot of commitment and dedication to nurture your business to make it successful. Making sure that you have the appropriate commercial policy in place from the get-go is an effective way to protect all of your hard work. Meet with a professional agent before you open for business, and enjoy the peace of mind that comes with knowing that you have the coverage that you need. A comprehensive commercial insurance policy can help you in the event of certain natural disasters, theft damage, and losses to your inventory or equipment. Don’t take a chance with all of your hard work! Make sure that you have the appropriate coverage to meet all of your commercial needs. And don’t forget that as your business grows, your insurance policy will need to grow along with it. 

Want to learn more about the commercial insurance options that are available in the greater Pismo Beach, CA area? Contact the team at Neff & Associates Insurance Services Inc today and schedule a consultation.

Protecting Net Worth with Umbrella Insurance

America is a horribly litigious country. There are so many lawsuits. Each year over 15 million civil lawsuits are filed in the USA. Every business owner is almost guaranteed to be sued. In fact, the statistics say that almost all businesses have experienced some kind of lawsuit and many have more than one in progress.

Multi-Million Dollar Awards or Settlements

Sometimes the lawsuits are frivolous and have no merit. Other times they are extremely serious There may be plenty of liability exposure that might make a jury grant a multi-million dollar award if the lawsuit goes to trial.

The biggest awards make the headlines. On average only 4% of plaintiffs are awarded more than $1 million. However, the numbers are misleading because the vast majority of lawsuits are settled before they go to court. In many cases, the settlements are kept confidential. There is a good reason for this. If a business makes a big payout as a settlement, getting attention for this may attract more legal attacks. Umbrella insurance is a tool used to reduce this exposure for business owners.

How Much Protection is Needed?

The agents at Neff & Associates Insurance Services Inc, serving Pismo Beach, CA and the surrounding area, usually get this question from their clients, which is “How much umbrella insurance should I have?” The unfortunate answer is “How much do you have to lose?”

If the policy limits of commercial insurance are exceeded by a claim, then a business owner may become responsible for the extra amount that has no insurance coverage.

If umbrella insurance is in place for a covered risk, the umbrella insurance picks up where the underlying policy left off to handle a proven claim up to the limit of the umbrella policy. For some risks, umbrella insurance is the only coverage for those types of claims. Umbrella insurance may also help pay legal expenses, so ask your agent about this possibility.

The Net Worth Rule of Thumb

A person’s net worth is the total value of their assets minus anything that they owe. If the net worth is a positive number, this is the value of what is potentially at risk of being lost if adequate insurance is not in place.

For more peace of mind, have umbrella insurance with a limit that is at least as high as your net worth. In that way, for a covered claim, the insurance stands up first to protect you. You do not have to lose everything from a lawsuit if adequate protection is in place.

Conclusion

Lawsuits are inevitable. Business owners need the protection offered by umbrella insurance that is at least as much as their net worth. Many prefer to have double this amount. Contact your agent at Neff & Associates Insurance Services Inc in Pismo Beach, CA by calling 805-773-1710 to get a quote for umbrella insurance and any of your other insurance needs.

4 Things to Know About Motorcycle Insurance

Do you own a motorcycle? Our Neff & Associates Insurance Services Inc team has put together this quick guide about this type of coverage for drivers near Pismo Beach, CA. Here are four things to know about motorcycle insurance.

#1: Liability Insurance for Your Motorcycle is Required by Law

Similar to the requirements for a car, liability coverage for motorcycles is mandatory by law. The minimum coverage to stay legal $15,000 for each person injured in an accident, up to $30,000 per accident, and an additional $5,000 for property damage. If this sounds a little low, it really is. In fact, most agents advise their clients to boost this number up to a little higher figure for added protection.

#2: Comprehensive and Collision Coverage Are Still Optional

Another similarity between car insurance and motorcycle insurance is that comprehensive and collision coverage are still optional. But this doesn’t mean you should skip them! These policy options pay for any damage to your bike thanks to a collision with another object, theft, fire, or an act of nature. Plus, if you currently have a loan on your motorcycle, your lender might require you carry them.

#3: Don’t Forget About Medical Coverage

One more optional coverage to consider for your motorcycle insurance policy is medical payments. This portion of your policy helps handle any costs associated with hospital or doctor bills if you’re injured in a motorcycle accident. If the wreck is serious enough, it could also pay out a small death benefit to your family.

#4: Uninsured and Underinsured Drivers Are a Huge Problem in California

Sadly, thousands of California drivers are either uninsured or don’t have enough coverage if they’re involved in a serious accident. This means that if you’re seriously injured and it is someone else’s fault, your medical bills might not be covered. Having uninsured and underinsured coverage on your motorcycle insurance policy helps minimize this risk.

At Neff & Associates Insurance Services Inc, we are proud to help motorcycle owners around Pismo Beach, CA with all of their insurance needs. Please contact us today to schedule an appointment.

 

Do I Need Renters Insurance for a Short-term Rental?

Similar to homeowners, renter’s insurance protects you (the renter) in situations related to short-term leases. When you purchase a renters insurance policy in Pismo Beach, CA with the help of Neff & Associates Insurance Services Inc, you will be protected from any type of lawsuit or other legal action against you. This policy also typically covers any damages to the rental unit and your personal property. Similar to a homeowner, you need to reference the details of your policy and speak to the insurance provider to make sure you fully understand your coverage.

Getting the Coverage You Need

One of the most important factors you have to consider when purchasing short term rental insurance is the amount of coverage you actually need. For example, do you need a minimal amount of coverage, due to having minimal belonging and a low risk of issues? Or, would you feel more comfortable with a higher coverage amount? These are factors you should discuss with a reputable insurance agent as they can provide you with insight on how big or small of a policy you should purchase.

The Dangers of Subpar or No Coverage

If you don’t have enough coverage, then it may cost you in the long run. Take the time to get to know some of the options, along with the associated costs. This will help you determine the type and size of policy that you need. Be sure to be well-informed and ask your insurance agent plenty of questions.

If you need to purchase short-term renters insurance in Pismo Beach, CA, be sure to contact the professional team from Neff & Associates Insurance Services Inc to get started with the process of making this purchase right away.

 

3 Reasons You Need Condo Insurance Today

No matter where one may reside, purchasing condo insurance is important for condo owners of all kinds. Pismo Beach, CA is no different. An area known for its lovely wineries and beaches, even this luxurious location is not immune to the need for condo insurance. That said, let’s take a look at 3 reasons you need condo insurance today.

The Master Policy Won’t Protect You

Although you may be under the false assumption that you condo’s master policy is enough to keep you and your belongings protected, that couldn’t be further from the truth. Those policies typically only cover damages to common areas. So, if you want to keep you home and belongings protected, you need to purchase a policy of your own. 

Loss of Use

Since condos are typically connected in some form or fashion, making sure you are covered for loss of use is vital. This way, if your home becomes uninhabitable due to the actions of your neighbors, you and your property will be covered.

Liability Coverage

In addition to making sure you are covered against your neighbors’ mishaps, you will also want liability coverage to cover against your own. For instance, if someone becomes injured inside your condo, this will be your responsibility.

Overall, for residents of Pismo Beach, CA, consult with Neff & Associates Insurance Services Inc. for condo coverage and more. Simply call, email, or stop by the office to find out how one of their highly trained professionals can assist you. Don’t get caught without enough coverage, contact Neff & Associates Insurance Services Inc. so one of their highly trained professionals can create the perfect policy for your needs.