Are Your Classic Car Insurance Needs Affected by Where You Store the Vehicle?

Protecting your classic car is not always a straightforward proposition, as there are many different factors that contribute to the type of policy and the level of protection that you need. Don’t let the time and investment that you have put into your vehicle go up in smoke! The team at Neff & Associates Insurance Services Inc are proud to serve the Pismo Beach, CA area and help our clients find the policies that suit their protection needs. Classic car policies can be a little bit less straightforward than coverage for other vehicles, but working with a professional agent can help to ease the process.

There are companies that prefer clients who store their classic cars in a secured garage. By taking the extra step of keeping your car at a storage garage, you can sometimes find a greater selection of options for your policy; and temperature controlled garages can improve your position even more.

Finding the Right Policy for Your Classic Vehicle

Your policy can vary due to several different factors such as:

  • Is the car a restoration or built from a kit
  • Do you drive the vehicles or do they only come out for classic car shows
  • Is the vehicle stored in a temperature controlled storage facility

These are the main considerations that you and your agent should take into account when selecting the most appropriate coverage option for your classic car.

Learn More About the Options Available to Protect Your Classic Car

At Neff & Associates Insurance Services Inc we understand that a classic car is a lot more than just a hobby. If you are in the greater Pismo Beach, CA area and want to learn more about your coverage options, contact us today.

Why You Need Supplemental Condominium Insurance

Condominium insurance can be confusing, and many of our clients come to us with questions about condo insurance. At Neff & Associates Insurance Services Inc we understand that the insurance selection process can be difficult at times, and we are here to help! If you are in the greater Pismo Beach, CA area and have questions about how to best protect your condominium, call us today!

The Condominium Owners Association Policy Probably Covers Less Than You Think

Unfortunately, if you are relying on your COA policy to protect you in the event of a loss, it is likely that you will be disappointed. Typically, the building insurance that covers condos in  California covers common areas, and the structure itself. In the event that there is a catastrophe, fire, or break-in the personal items housed in your unit will not be covered. Supplemental protection can give you the peace of mind that comes with knowing that you can file a claim in the event of a loss.

In simplistic terms, the building coverage stops once you walk through your door. In situations where there is a leak from another unit, or a neighbor starts a fire, such events will likely not be covered. It is always a good idea to work with a full-service agency to better understand the coverage that is available and the level of protection that your situation requires, as there are many different types of condo insurance available.

Still, Have Questions? Contact Us Today

We are proud to serve the greater Pismo Beach, CA area and want our clients to rest easy knowing that they have the coverage that they need. If you need condo insurance or would like to review your current policy, contact Neff & Associates Insurance Services Inc today.

Progressive renters insurance: What you need to know.

Most people do not realize the need for renters insurance but as a renter in Pismo Beach, CA, it is key to preparing for the unexpected.
Progressive Insurance provides renters insurance covers to quite a number of people and offers multiple types of insurance products including:

  • Replacement of assets
  • Protection from accidents and other injuries and repairs resulting from damages
  • Living expense coverage.

Progressive renters insurance offers a wide range of insurance solutions which suits every home owner’s needs. Often, protection from insurance providers gives you peace of mind regardless of the size of the claim. 

Getting a renters insurance service from progressive cover protects your personal belongings and has other add-ons which cover other expenses should you need them? This can help you cover the items you own that are pricey to buy or replace in case your insurance provider is reimbursing you with only the depreciated value in the event of damages or loss. 

All your valuables including clothing and electronics will, therefore, be replaced at the cost of the newly purchased item. In addition, they offer liability protection that covers substantial expenses like a lawsuit or in case an accident happens while you are renting, you and anyone in your rental house or home will also be covered by your progressive rental insurance policy. 

Any other deductibles (what you pay out of your own pocket for repairs or for another claim) will also be taken care of, whereby, the insurer pays a particular portion while the progressive covers the rest.

At Pismo Beach, CA, Neff & Associates Insurance Services Inc., we have networked professionals who offer a robust suite of coverages including progressive rental insurance. We are proud of our long-lasting relationships with our clientele because of the quality insurance coverages we offer to the residents of Pismo Beach in addition to our competitive pricing and low deductibles for renter’s insurance claims.

Why You Need Motorcycle Insurance?

When you are looking for a new mode of transportation, nothing can be more exhilarating than riding a motorcycle. For those that are in the Pismo Beach, CA area, taking a ride through the area can be a lot of fun and is a great way to get around. While a motorcycle is often considered more of a recreational vehicle, they are also important assets that need to be covered by insurance. There are several reasons why you need to make sure you have a good policy covering your motorcycle.

Required by Law

One of the main reasons why you will need to have motorcycle insurance coverage is that it is required by law. In California, you will need to make sure that you have at least the minimum level of liability coverage in place. While it is normally recommended that you have more coverage at all times, you will at least need to $30,000 per incident in bodily insurance coverage with a $15,000 per person cap. You will also need to have property damage liability coverage of at least $5,000.

Cover Your Asset

The law in California does not require you to carry any coverage that protects your asset. However, you should also consider getting a collision and a comprehensive policy on your bike. This coverage will provide you with reimbursement for a wide range of losses including theft, accidents, or vandalism.

When you are looking for motorcycle insurance coverage in the Pismo Beach, CA area, you should speak with Neff & Associates Insurance Services Inc. When you meet with Neff & Associates Insurance Services Inc, the insurance company will be able to make sure that you are properly educated on the need for motorcycle insurance coverage and they will help you get into the right policy. 

 

Is Flood Insurance Worth Getting in Pismo Beach, CA?

Pismo Beach, CA is surrounded by water, meaning lot’s of fun at the beach but also the risk of flooding. It is not unknown for storms or rising water levels to occur, which can possibly cause flood damage in certain areas. This is why flood insurance can be useful in this particular beach town. If you are shopping around for a private flood insurance option, Neff & Associates Insurance Services Inc is worth checking out.

Although Homeowner’s insurance can be quite extensive, it is not typical that your insurance company will include flood damage. There are so many people that assume that floods are included, which may be why so few disaster victims bother to purchase insurance.

Flood insurance will basically cover damaged caused by the over-accumulation of water. Water that comes in through a sunroof or window is not considered flood damage according to most policies.

The government provided insurance program may be sufficient for some households, but there are limitations. There is currently a maximum of $250,000 that the NFIP will cover damages done to your home. You may also claim personal possessions up to $100,000. If you think that your property is worth much more than that, you may want to consider the purchase of a private option.

What your plan may cover:

  •     Electrical damage
  •     Plumbing damage
  •     Appliances and electronics
  •     Cabinets and fixtures
  •     Carpet
  •     The cost of debris removal
  •     HVAC equipment

If you are in the Pismo Beach, CA area, it is definitely worth considering the purchase of a flood insurance policy. The tidal waters alone put you at risk of flooding and many mortgage lenders may require the purchase of flood insurance. If you are in the market for some affordable insurance, consider consulting with Neff & Associates Insurance Services Inc.

Is Commercial Insurance Mandatory?

Commercial insurance protects your California business from any financial loss that may result from claims of damage or injury caused to others by you or your workers. It’s important to note that this policy is not mandatory for the businesses that operate in California. However, the state doesn’t put a cap on liability law rewards. Moreover, the state courts tend to award large liability judgments. This means that entrepreneurs who own property as well other valuable assets should be wise enough to invest in commercial liability coverage plans to minimize exposure to risks. Companies in Pismo Beach, CA like Neff & Associates Insurance Services Inc. can help you get the required plan.

Is there a set limit for the commercial liability insurance a business should carry?

Each situation is usually unique, but there is a general insurance guideline. The kind of business you run or the products you manufacture can determine how much coverage you require. Your insurance company should help you assess your risks and recommend the minimum coverage for your company. If you know you operate a high-risk business, consider increasing the coverage limits. Remember that if your business is operated from home, the renter’s or homeowner’s insurance will provide a limited coverage on business losses and liability.

Several factors are considered when setting the California commercial insurance premiums. Some include the type of product or service you sell, the number of years you’ve been in business, the total number of employees you have, and your claims history.

Mandatory insurance to consider

California requires every business to carry a worker’s compensation plan as long as there are employees. Business owners are required to offer disability insurance for covering casual wage for an eligible employee in case of a non-work related injury or sickness.

California also requires all company drivers to carry minimum car insurance. In case your truck or car is used for business, it’s recommended that you buy a commercial vehicle policy.

Feel free to contact Neff & Associates Insurance Services Inc in Pismo Beach, CA for more information about commercial insurance or for a quote.

 

Unpreparedness before Tragedy—When Floods Strike

Flood unpreparedness can leave homeowners and businesses in deep water when they do not have a strategic plan.

Businesses, self-proprietors, renters and first-time homeowners can use their diligence to find helpful insurance. Before low-pressure systems and seasonal storms can turn regions from congenial to inhabitable when floods strike.

Why would you need flood insurance?

The immediate answer is before a flood happens.

20 percent of flood claims arise from damage that happens to homes existing outside of high-risk flood zones. A mere one inch of water inside a building from flooding can run a cost in the tens of thousands.

While renters’ and homeowners’ policies do not often offer standard flood coverage.

At Neff & Associates Insurance Services Inc, we recommend all proprietors and dwelling owners should have flood insurance as a part of their overall preparedness plans.

You or your community may be required to have flood insurance.

Your federally insured or regulated lender must require insurance against floods:

  • on properties that are mortgaged, and

  • that exist in locales at a high-risk of flooding.

However, even when a property is not located in a flooding area of high-risk, you may be asked to carry flood insurance by your mortgage lender.

Are there any special kinds of flood insurance?

Properties existing within areas designated as hazardous from floods may require flood insurance to qualify for federal disaster assistance.

The majority of disaster assistance of the federal level sources as low-interest loans by the Small Business Association (SBA) and must be repaid.

The Federal Emergency Management Agency (FEMA) has the authority to enforce obtaining flood insurance. Or where it is available according to the National Flood Insurance Act.

However, grants that are provided by FEMA do not require any repayment for those who are eligible.

Residential policyholders (homeowners and renters) and non-residential policyholders (business owners) in the Pismo Beach CA area should find an insurance representative nearest to them.

Be certain you will be able to ask the insurance agent any flood policy requirements such as:

  • what contents inside of a building are covered,

  • any contents that are not covered by the policy,

  • if there is a deductible,

  • is a 30-day waiting period actuated while the policy takes effect, and

  • whether there is a national surcharge if the insurance is a National Flood Insurance Program (NFIP) purchase.

An insurance agent versed in renters or homeowners insurance serving Pismo Beach, CA may also be able to assist you with getting flooding insurance.

Neff & Associates Insurance Services Inc can help you sort and choose the flood insurance that is right for you: contact us to speak with one of our friendly and knowledgeable associates today.

Typical Uses For Umbrella Insurance

At Neff & Associates Insurance Services Inc, we have helped many Pismo Beach Can residents get great umbrella insurance policies. If you have heard about this coverage but haven’t tried it out for yourself, it is worth knowing how it could benefit you. There are a variety of possibilities available for people who purchase this type of insurance.

Property Damage

Umbrella insurance will cover excessive property damage when it occurs to your home. They are also a great policy if you somehow cause property damage to another person’s items and need to pay for the repair or replacement of these items.

Personal Liability Situations

Generally, umbrella insurance is used to cover serious personal liability issues. For example, it can cover bodily injury liability if you somehow hurt somebody in an accident. This coverage will pay for their medical treatment and recurring issues with their health.

However, it can also cover you in lawsuits that occur due to injuries on your property. For example, if a friend falls through your deck and injures themselves, umbrella policies can cover any financial losses you suffer in a lawsuit.

Problems With Your Dog

If you own a dog who ends up attacking a friend or family member, umbrella insurance can help you with this issue. It will cover financial losses that occur due to a dog bite personal injury lawsuit. They will also cover medical expenses for people injured by a dog. This coverage makes umbrella insurance policies a wise decision for somebody who owns one or more large pet dogs.

Getting The Best Coverage

So if you think that umbrella insurance is right for your needs, please contact us at Neff & Associates Insurance Services Inc today. We can help you and other Pismo Beach, CA residents get the high-quality umbrella insurance that you deserve.

Safety Tips for New Motorcycle Riders

Motorcycle riders enjoy a level of freedom that few get to experience. For new riders, however, the joy can be dulled by fear caused by lack of skill. The experts at Neff & Associates Insurance Services Inc want you to get the most out of your motorcycle rides. These tips for new drivers will keep everyone safe during motorcycle rides in the Pismo Beach, CA area.

  • Keep your machine in top-notch condition with regular maintenance. Check the tires, mirrors, and brakes before every ride. For tires, ensure the proper inflation and pressure before setting out on the road. If you aren’t sure what the right pressure is for your machine, check your owner’s manual. Look closely at the treads for signs of uneven wear, holes, or objects lodged between the treads. Take your bike to a mechanic at least once a year for a thorough check-up.
  • Always wear your helmet. California law requires it. Opt for long sleeves and pants as well. These will protect your skin in case of a slide-out. The leather is a strong protective fabric. Many manufacturers create pieces that are lightweight while still providing the necessary coverage. Gloves and sunglasses are also recommended to reduce the risk of injury.
  • Take a training class. In addition to general safety, a training class gives you a chance to practice while being coached by a seasoned rider. The tips and pointers they are able to provide are invaluable and can reduce your risk of accident on-the-road. Check with your local DMV for information on classes in your area.
  • Don’t be afraid to look around. New drivers often focus too much on their own actions. Take the time to visually sweep your surroundings for potential problems. Constant vigilance gives you time to react.

Neff & Associates Insurance Services Inc insures motorcycle enthusiasts in the Pismo Beach, CA area. Contact our agents to learn more.

Understanding Your HOA: Important Considerations for Condo Owners

Whether you are a new or longtime condominium owner, you should familiarize yourself with the activities and governing documents for your unit’s homeowners association (HOA). California law specifies that HOAs operate according to bylaws that describe the organization’s structure and the way the HOA conducts its business. In addition to these governing bylaws, the association also will also have in place rules, covenants, and other documents that define common elements and outline permitted and prohibited activities.

As part of your regular review of condo insurance, you should keep abreast of any changes in HOA practices and policies that could have an impact on you. For example, if a member of your family or a guest in the condo violates association rules, how will you have liability? If someone claims that one of your visiting grandchildren damaged something near the swimming pool or in another common area, what steps must the HOA take to prove its case and what due process rights do you have as a member of the association?

As you most likely know, the insurance maintained by the HOA does not cover personal possessions within your unit. The HOA’s insurance covers “common elements,” but there may be a question about how the association defines these elements. Before purchasing a condo or renewing your policy, you should take an opportunity to review the HOA’s certificate of insurance to make sure that there are no discrepancies or unexpected surprises not covered in your condo policy.

A quick review of the HOA policy and asking questions about the rights and responsibilities of unit owners today may prevent problems tomorrow.

Serving Pismo Beach, CA, the professionals at Neff & Associates Insurance Services Inc look forward to offering condo coverage that suits your needs. Please contact us today.