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.

Does Flood Insurance Cover Damage To Interior Contents?

Flood insurance is an optional coverage unless you live in an area where there is a high likelihood of a flooding incident or in a neighborhood where it is required. Flood insurance is a government program that is designed to protect homeowners from specific flooding events to prevent large monetary losses.

Are Contents Covered?

Flood insurance is only mean to cover damage to the actual structure and will not cover any contents or personal belongings. Anyone who wants contents coverage will have to purchase it along with their home insurance. It is also important to not that flood insurance doesn’t cover all types of damage from water, so be sure to understand the terms and conditions and supplement any coverage with separate home insurance and riders on existing coverage to prevent gaps and losses. 

Working With A Reputable Agency

One of the best ways to take the guess work out of flood insurance is to work with an established and respected insurance company. Knowledgeable agents can guide the home owner during their search for a policy and help explain all of the terms and conditions so they are more informed and can make any additional insurance purchases to offer complete protection from a variety of threats from water related damage. Residents who live in or around the Pismo Beach, CA area should look into working with the Neff & Associates Insurance Services Inc. and discover how they can help make the process of obtaining flood insurance easier. 

Anyone who needs to purchase flood insurance should stop by or call the Neff & Associates Insurance Services Inc. office, serving the residents of Pismo Beach, CA,  and speak to an agent. They can provide answers and options to give homeowners peace of mind. 

How Classic Car Insurance Differs From Everyday Car Insurance

At Neff & Associates Insurance Services Inc serving Pismo Beach among the insurance products we offer is classic car insurance. If you have a classic car, there are several reasons you’ll want to get a classic car insurance policy rather than just add your car to the insurance policy of the car you drive every day.

One reason is that because unlike the vehicle you use everyday, classic car insurance offers agreed or guaranteed value. This means that if the car you prize is destroyed in a covered event, you get the current value as listed in a car valuation guide or determined by a professional appraiser. After all, classic cars increase in value rather than depreciate.

Another difference is that most classic car insurers cap the number of miles you can drive them yearly in exchange for a rate that’s lower than for your everyday vehicle.  With annual mileage typically set at 5,000 miles, you’ll get the lower rate. Insurers for these cars also want you to store your car in a secure garage. 

Policies of this type look out for you. Some have clauses that if your car should breakdown, only a flatbed truck will be sent to tow it. Clauses can also state that you can get original manufacturers parts rather than aftermarket parts should your vehicle need to be taken in for repair. And if you have really practiced due diligence and purchased extra spare parts, some policies will reimburse for those parts if they are damaged or stolen. 

Classic car insurance is worthwhile for the vehicle you probably worked hard to find and acquire. Take a moment to contact us here at Neff & Associates Insurance Services Inc as we serve Pismo Beach, CA and will help you find the best way to protect your asset on wheels. 

Insuring Technological Advances in Business

The pace of business in 2019 demands technology capable of meeting the demands of consumers.

From small business to Fortune 100 enterprise, modern advances are available to support improving the way business is conducted. These advances require a fresh look at business insurance policies.

Perhaps the primary technology that is being implemented across numerous industries is drones. From crop sprayers in farming to traffic monitors to package delivery, drone technology is adaptable to meet the needs of many businesses.

That’s why it is so necessary to understand the options when it comes to insuring drones and other technologies. Neff & Associates Insurance Services Inc serves Pismo Beach, CA and will help you get the right insurance for your technology.

Film and still photo insurance is one of the unique coverages required to own and operate a drone in California. There are minimum basic requirements for photography and additional insurance requirements for drones.

Unmanned Aerial Systems (UAS) can be insured through " an aviation-specific insurance carrier (such as Global Aerospace)" or by adding UAS coverage to a general policy.

Another technology that will require additional expertise from insurers like Neff & Associates is the up-and-coming self-driving vehicles. Self-driving fleet will require not only standard automotive coverage but will have implications to all business owners.

According to a study conducted by the California Department of vehicles (DMV), there have been "concerns related to insurance a determining liability."
Autonomous vehicles will present new and unique challenges to business owners seeking to add efficiencies for their customers while keeping the right coverage to protect their assets.

As technological advances like drones and autonomous cars impact the way business is conducted, experts like Neff & Associates Insurance Services Inc, serving Pismo Beach, CA are here to help.

Will my homeowners policy cover my motorcycle when it’s stored in my garage?

While Pismo Beach, CA offers warm, dry summers perfect for riding, the rainy winters may have you back in your car. There may also be other reasons you want to keep your bike stored, like family obligations or because you’re waiting to do repairs. You may be wondering if you can cut some of the cost of ownership by canceling your motorcycle insurance during those off times, or putting it on hold.

At Neff & Associates Insurance Services Inc, we help our clients design the right mount of coverage for their individual needs. You need the right protection considering your personal risks, but you shouldn’t be wasting money on coverage you don’t need.

Homeowners Exclusions

Unfortunately, it is standard policy to exclude any vehicles, including motorcycles, in a traditional homeowners policy. This applies even if your motorcycle isn’t currently registered, or if you have it in your attached garage to work on it. You may still get some protection for other unusual items in storage, like your boat, but anything excluded receives no protection.

Another important point to think about is whether you still owe money on the bike. If you still have a loan on your motorcycle, there is probably a clause which requires you to keep full coverage on your bike all the time. If your lender finds out you canceled the insurance, they can impose a more expensive policy.

You never want to give up riding in a place like Pismo Beach, CA, but you can still be frugal. Call Neff & Associates Insurance Services Inc today if you want to see how you might be able to lower your premiums.

Carrying Collision and Comprehensive After Your Car Loan is Paid

When a lien in a vehicle, full coverage is expected to be carried for the duration of that loan. So many times car owners receive the title to their vehicle and immediately contact the insurance company to drop their insurance to minimum coverage. In the state of California, minimum coverage consists of liability coverage.

Although it is required, car owners should continue to carry collision and comprehensive after the car is paid to prevent a financial burden in the event of a crisis.  If you reside in or around the Pismo Beach, CA area, a full coverage auto insurance policy including collision and comprehensive can be purchased through Neff & Associates Insurance Services Inc. 

Coverage of Car Damage

In the event of an accident, the collision portion of your policy can cover the damage to your car, or replace it at value if the damage is a total loss. For car owners only carrying minimum coverage of liability, they are not subject to this financial coverage, leaving themselves financially responsible. 

Other Damages

Sometimes, unfortunate situations such as disasters or theft can cause damage to your car. The comprehensive portion of your insurance policy is available for the non-accident related claims in which significant damage can happen. Like the car owners who lack collision, those who lack comprehensive insurance are also responsible for their own damage repair or replacing the vehicle completely for a total loss. Most car owners do not have the financial freedom to immediately replace a vehicle, leaving you and your family stranded.

Prepare Yourself

Protect yourself from unnecessary financial obligation. If you do not already carry collision and comprehensively covered on your vehicle, it is time to make that switch. Neff & Associates Insurance Services Inc proudly serves the Pismo Beach, CA area and has a policy ready for you today.

What Does “Minimum Coverage” Mean?

If you are an automobile owner in the US, you are required to carry auto insurance that meets at least minimum legal requirements. The "minimum" in "minimum coverage" is dictated by state law – which means one state’s minimum may not cut it in another state. Here in Pismo Beach, CA, the state minimum is $15k/$30k/$5k liability insurance. These numbers essentially mean that if you are involved in an accident and it is deemed your fault, your insurance will pay a maximum of $15,000 for bodily injury per person involved up to a maximum of $30,000 to total bodily injury and a maximum of $5,000 toward damages. Note that these numbers do not cover situations where there is a no-fault accident, or you find yourself involved in an accident with an uninsured motorist. In this situation, there may be no financial assistance or reimbursement at all for you.

Minimum automobile insurance coverage can sound appealing – save big money on your premiums so long as you don’t get into an accident. However, in the event the worst does happen, you can be stuck with substantial out-of-pocket costs if you’re rolling with minimum coverage. The minimum coverage may sound like a lot now, but a common road accident nowadays can rack up total costs of more than $400,000. That means you’ll have to pay whatever your insurance doesn’t pay.

Neff & Associates Insurance Services Inc recommends you carry at least $100,000 of bodily injury coverage per person and $300,000 maximum bodily injury coverage per accident. It does not cost much more to be confident in your insurance limits. Make sure you are adequately protected by contacting an agent at Neff & Associates Insurance Services Inc here in Pismo Beach, CA and discuss your options. There are a number of policies available to help you save money without risking your financial future with ongoing settlement payments.

What Does Umbrella Insurance Cover?

There are all kinds of insurance options for you and your home. You likely already have home owner’s insurance and you should also have auto insurance and other coverage that protects other additions, such as boating and RV insurance. However, you may have come across umbrella insurance and wonder what exactly it is. Well our team at Neff & Associates Insurance Services Inc can help you out with that. So whether you live in or around Pismo Beach, CA here is everything you need to do. 

Additional Liability Insurance

If someone slips and falls on your sidewalk, trips down your stairs, or is injured by your vehicle, you may be sued. When you are sued your regular insurance policy may cover a small portion of the legal fees, but chances are you’ll be paying much of this out of pocket. With umbrella insurance coverage you bring about added protection. With the additional liability coverage you’ll protect yourself and have the necessary financial support from the insurance company to pay for the legal fees and other expenses. 

Peace of Mind

Accidents happen. Whether out on the road or inside your home, there are times where you can’t prepare for an accident because these issues do come about. However, while you can’t always prepare for an accident you can always protect yourself in the event of one. With umbrella insurance coverage you’ll protect your home and all of your financial assets. 

Giving yourself extra liability protection for your property and other valuables is always a quality investment. So whether you live in or around Pismo Beach, CA the team at Neff & Associates Insurance Services Inc are here to help you out every step of the way. All you need to do is give the team a call.