Important things to know about commercial insurance

As a business owner, you’ve probably heard colleagues discuss the importance of commercial insurance. You know you need it, but you might be wondering where to start. We at Neff & Associates Insurance Services Inc realize that it can be difficult to determine whether or not you, as a business owner, should consider investing in commercial insurance, so we’ve come up with a bit of information to help demystify this type of coverage. 

What is commercial insurance?

Commercial insurance protects businesses and business owners from liability and other claims related to a company’s official operations. These policies cover adverse events related to activities typically carried out during the delivery of commercial services. With commercial insurance, it’s critical to select a plan that includes the specific activities your business engages in. A company that employs drivers and provides vehicles for employee use will need different coverage than a retail business in which customers shop at physical stores.

Important things to know about commercial insurance

When it comes to selecting commercial insurance coverage, it’s important to ensure you are following your state’s legal requirements. Here’s an example — if you operate a business in Pismo Beach, CA, you’ll need to ensure the coverage you select meets California’s requirements for commercial insurance coverage as it relates to the goods and services you offer. An experienced agent can facilitate the process and help you select the appropriate coverage. 

Give us a call! We’re here to help

We at Neff & Associates Insurance Services Inc serve central California, including Pismo Beach, CA — so if you’re interested in discovering more about your insurance options, give us a call to set up an appointment. We offer several types of insurance coverage and are happy to assist you with a comprehensive review of your insurance requirements. 

Does Homeowners Insurance Cover Foundation Problems?

The brief answer is a yes. The home insurance policy covers foundation damages caused by incidents covered under the policy, and it does so to the policy’s limits. Your home insurance policy is meant to protect your home from a wide array of unanticipated incidents that can damage your home and lead to costly repairs. But the home insurance policy has limits, and it can’t cover damages resulting from negligence or uncovered perils.

When Does Home Insurance Cover for Foundation Damage?

Ideally, home insurance covers foundation damages when the damages are a result of accidental and sudden events. Such events may include the fall of a big tree or the accidental ramming of a truck into an elevated foundation.

Here are some of the common perils covered under your home insurance.

  • Falling objects
  • Lightning and fire
  • Hailstorms and windstorms
  • Civil disturbances and riots
  • Ice and snow damage
  • Vandalism
  • Explosions
  • Aircraft or vehicle damage
  • Water damage caused by the HVAC or plumbing system
  • Volcanic eruptions
  • Earthquakes and floods may also get covered on separate policies.

If the cause of your foundation’s damage is among the covered perils, then your home insurance company may intervene and help in the repair process. But if the damage results from an uncovered source of risk or negligence, then there will be no compensation.

When Does Home Insurance Fail to Provide Coverage in Foundation Damage? 

Your home’s foundation is subject to normal wear and tear, and it may crack and be unable to seal out moisture as it settles. The home insurance company isn’t obliged to pay for such typical repairs and maintenance. Neither is it mandated to pay for foundation damages resulting from negligence. For instance, pressure from tree roots, poor drainage, and faulty construction may lead to foundation damage, yet such events are preventable. If these events cause foundation damage, then there is no compensation.

Get Your Home Insurance Cover Today from Neff & Associates Insurance Services Inc

If you’re a Pismo Beach, CA, resident, visit the Neff & Associates Insurance Services Inc. website to get the best home insurance offers for your Pismo Beach, CA, home.

How Umbrella Insurance Protects You

When you have insurance policies for your home and vehicle, you may know that they each carry an amount of liability protection for you. However, if you were to look at the numbers, you may find out that they offer very little in the way of this protection. If you are not well covered by your liability coverage through these two policies, you may need an umbrella insurance policy. Talk to an agent about these policies by calling us at Neff & Associates Insurance Services Inc in Pismo Beach, CA.

Protecting Your Finances

If there were to be an accident in your vehicle or on your property, you can be held liable for it. If this happens, you will owe for the medical and repair bills that are caused by the accident. Your home and auto insurance policies each have a stated maximum that they will pay toward these bills, And if it isn’t enough, you are personally responsible for the rest. The solution is to get more liability coverage so that you will be well-prepared in this instance. With a far higher stated maximum, you can get through a major accident without it causing you to go bankrupt.

Umbrella Insurance Basics

Getting liability coverage added to your home or auto policy is often extremely expensive. Umbrella insurance doesn’t interfere with your auto and home policies. Instead, it comes in after those policies have paid their maximum, and then they pay on top of that. Umbrella insurance gives a large amount of liability coverage for a relatively small price. That’s why so many people are getting this type of coverage. 

Get Your Umbrella Policy

To be better covered for liability, call us at Neff & Associates Insurance Services Inc in Pismo Beach CA to find out more about these helpful insurance policies. 

What Defines Your Auto Insurance Premiums?

All drivers in Pismo Beach, CA, are legally required to have insurance for their vehicles. However, some may be confused about what affects their premiums. Neff & Associates Insurance Services Inc is here to give you a few common factors that can affect auto insurance premiums for your car.

Type of Car

There are types of cars that will cost more to insure because of their basic components like the engine’s cubic capacity. 

The Vehicle’s Age

It is more costly to insure a newer vehicle than an older one. This is because an older car has depreciated in value due to wear and tear, whereas a new vehicle still has the current market value, making it costly to insure.

The Type of Coverage

There are different types of coverage, like liability, collision, and uninsured/underinsured motorist coverage. They all have different costs and whichever you choose automatically affects the premium you will pay.

Your Driving Record

A person who has been in several car accidents in the past is likely to pay higher premiums than one with a clean record of driving. New drivers who have not had insurance before are also likely to pay more for their car insurance.

How Often You Drive

Most insurance companies consider how often you use your car.  Someone who uses their car once in a while, maybe on the weekends for family road trips, will pay less for insurance compared to one who commutes in their vehicle to work daily. With more miles covered behind the wheel, the risk of exposure is high.

Age and Gender

A driver’s profile also affects their car insurance premium. For instance, a young driver with less experience usually pays more for car insurance than older drivers.

If you reside in Pismo Beach, CA, it is good to be informed about what factors affect your insurance premiums. To learn more about auto insurance premiums, reach out to our team at Neff & Associates Insurance Services Inc. for assistance.

What Pismo Beach, CA homeowners need to know about renters insurance

Irrespective of where you rent your apartment in Pismo Beach, CA it’s vital to cushion your personal possession against unexpected catastrophes such as vandalism, theft, and water surge. Renters insurance policy aids in safeguarding what your landlord insurance cannot. We at Neff & Associates Insurance Services Inc render renters insurance coverage that fits your needs. Renters insurance policy is not legally required in Pismo Beach, CA in California, but in some instances, landlords may demand you to show proof of renters insurance while you are residing in their apartments. It’s a wise move as a Pismo Beach CA resident to at least purchase some form of adequate coverage as your landlord’s insurance policy will not protect your personal belonging if hazard strikes unexpectedly.

Renters insurance policy helps in servicing the cost of replacing your personal property if it is ravaged by the covered calamity such as theft and fire. Acquire a renters’ insurance quote today from our Neff & Associates Insurance Services Inc situated in Pismo Beach, CA and our charismatic and knowledgeable agents will show you how uncomplicated and affordable it is to shield what you cherish most.

What is covered under Renters Insurance policies?

 Personal possessions policy: It protects your possession such as furniture, clothing, and appliances against imminent perils such as vandalism and, fire among others.

Liability policy insurance: It safeguards you against probable lawsuits arising from bodily injury or property damage.

Additional living expenses policy: If your apartment is ravaged by a covered disaster like smoke, theft, and explosions that renders your apartment uninhabitable, this policy pays for hotel bills and food costs while temporarily living elsewhere.

Medical payments coverage: It helps to cater to medical bills for anyone who is injured while on your property.

Building additions and alterations coverage: This form of policy is tailored to cover damages to betterment, alterations, or fixtures that you incorporate into your condo.

No matter where you have put down roots in Pismo Beach, CA we have got formidable renters option coverages to safeguard your space and personal belongings against unexpected eventualities. Call or visit us at Neff & Associates Insurance Services Inc for more detailed information about the renters’ insurance policy for your condominium.

Crucial Tips for Getting Motorcycle Insurance

If you own a motorcycle in Pismo Beach, CA, you probably know that motorcycle insurance is compulsory. But even with the state-mandated coverage, it is still essential to do your homework before settling for just any policy type. Neff & Associates Insurance Services Inc provides some crucial tips to keep in mind when getting motorcycle insurance.

Understand Each Coverage Option

Motorcycle insurance is composed of different options, including liability coverage, collision coverage, and uninsured coverage. Each comes with varying coverage features, from protecting you when you get into an accident with an uninsured motorist to covering 3rd party expenses for bodily injury harm. Due to these differences, it is worth taking your time to understand each coverage option and whether it is suited to your needs.

Consult a Motorcycle Insurance Expert

Motorcycle insurance will differ from options such as auto and homeowners policies, a factor that only a professional understands. Evaluating the right fit for your coverage requires appropriate experience, which often goes hand in hand with expertise while navigating motorcycle insurance rules. Before signing up for your motorcycle coverage, make it a point to look around for a professional insurance provider. This will allow you to get value for your cover while also avoiding any costly mistakes in the future.

Only Pay for What You Can Afford

Getting an expensive motorcycle can seem like a smart idea for securing a comprehensive plan, but it will mean paying for extra features that you may not need. Consider what you can afford and determine the essential items to include in your insurance plan to avoid this. These can include bodily harm, repair and replacement costs when you hit objects during your ride, and extras such as towing fees when your bike suffers technical problems. By doing this, you are assured of an affordable cover that prioritizes your urgent needs.

If you are looking for motorcycle insurance around Pismo Beach, CA that offers custom coverage options for your rides, get in touch with Neff & Associates Insurance Services Inc today.

Flooding: Are You Insured For The New Year?

It’s a new year and a new opportunity to insure your home against floods, tropical storms, and water damage! When uncertainty hits, you don’t want to have to depend on last-minute deals and shady companies, you want to support. Neff & Associates Insurance Services Inc can offer you our full support and groundwork for any flash flood emergency in your area. Take one step ahead and invest early in this opportunity.

Start your new year right and keep your home and belongings protected from flash flooding! Prepare accordingly for any future losses with our representatives at Neff & Associates Insurance Services Inc. We are dedicated to making sure you have the options like an annual insurance review for all of our clients or a full summary of our policies to see what suits your needs best for any emergency. Fellowship and a connection are the cornerstone of our success and serving the residents of Pismo Beach, CA with the services they need. We consistently stress to our clients that communication is key when it comes to delivering great policies and building relationships because it is extremely important to us! Each and one of our agents are trained to deal with loss and the stress of an emergency, to make sure you leave each interaction feeling understood.

If you feel as though you or a loved one would benefit from our services to your home or residence, we recommend giving us a call so one of our trained representatives may speak to you and cover your options; or visit our place of business for a face to face consultation so we can prepare you and your family during this new year for the unexpected.

Condo Insurance is a Unique Type of Policy

For people who choose condo living, getting the right type of insurance coverage can take a little more work. Unlike a standard homeowner’s policy, condo insurance doesn’t cover the building itself. It’s designed to cover the structure that belongs to the resident, plus their belongings. Since condo ownership is limited to the four walls of the unit and what’s inside of them, the insurance is focused only on that. If you’re interested in a condo in the Pismo Beach, CA area or already own one, Neff & Associates Insurance Services Inc can help you find insurance that’s right for your needs.

When asking our trusted agents about an insurance policy, make sure to let them know it’s a condo. That will help you get the right type of insurance the fastest. But if you’re not sure about the type of coverage you need, our agents are good at knowing what kinds of questions to ask. We want to be sure you have a policy that’s going to cover you and give you peace of mind. Additionally, we know you might have concerns about specific types of policies and we want to make sure you have the information you need.

The right information can help you get a condo insurance policy that will work for your lifestyle and specific situation. Reach out to us today at Neff & Associates Insurance Services Inc if you’re in the Pismo Beach, CA area, so we can find the perfect policy for you. We want to be sure you’re comfortable with the type and level of coverage you have, and that you understand what your policy protects and what it doesn’t cover. Then you can make wise choices about any additional options or coverage limits you’d like to consider, as well.

Classic Car Insurance Requirements in Pismo Beach, CA

If you are curious about classic car insurance in the city of Pismo Beach, CA, you might want to see what an insurance agency, such as Neff & Associates Insurance Services Inc, can tell you about it.

If you are driving a car in California, you need to have proof of insurance in your vehicle. It will need to be furnished in different situations, including when law enforcement officials request it when you are renewing the registration on your vehicle, and when there is a traffic collision.

Classic car insurance is a little bit different in that it covers your vehicle for an agreed value that has been decided by both you and the insurance company. Unlike regular cars, classic cars are generally only going to appreciate in value, especially if you care for them well and/or restore them. If you are driving a classic car, you will be required to have classic car insurance in the state of California, as state-mandated liability coverages apply to classic cars as well. You will need coverage for liability, comprehensive coverage, collision coverage, coverage for medical payments, and coverage for uninsured/underinsured motorists.

However, you should be aware that you cannot use a classic car as a primary driving vehicle; this is a requirement set in place by insurance companies. There is also a restriction on how many miles you can put on the car each year; this typically will not go above 7,500 miles per year, although it varies by state.

If you are interested in learning more about classic car insurance in Pismo Beach, CA, feel free to contact the professionals at Neff & Associates Insurance Services Inc. They will be able to answer questions that you might have and point you in the right direction when it comes to the policy for you.

Why CA business owners are turning to comprehensive commercial policies to protect their companies

Are you a business owner in the greater Pismo Beach, CA area? Neff & Associates Insurance Services Inc is here to help you meet your commercial insurance needs! Owning your own company can be much more than a full-time job and it’s important to have appropriate commercial insurance coverage in place. CA businesses are turning to comprehensive commercial policies to increase their protection and peace of mind!

Protect all of your hard work

You’ve worked hard to build your business and a comprehensive commercial policy can help protect all of your efforts. Comprehensive policies can offer robust protection of your property, equipment, and inventory. Additionally, there are features such as Business Interruption coverage that provide protection that most basic policies do not offer. Basic insurance policies are a good foundation for early-stage firms. The protection needs for your more established business may have outgrown the coverage that you now have. 

Every business is different and has its own unique set of insurance requirements, and boosting commercial coverage to a comprehensive policy is an effective way to ensure that your company is well protected. Now is a perfect time to review your current policies and address any gaps in coverage that may be present. Insurance needs to change as a company grows, and what may have worked in the past may now be insufficient.  With a comprehensive policy that provides the coverage you need you can rest easy knowing that your hard work is protected!

Contact us today!

Neff & Associates Insurance Services Inc is here to work with all types of business owners in the Pismo Beach, CA community. Let’s take a look at your in-place commercial coverage and review comprehensive policy options that may be right for your firm.