Do I need to do a home inventory?

Most people own more things than they realize. You assume that you will remember everything that you have but if something should happen to your home and you need to tell your insurance company what you lost,  would you be able to remember what was in every room, every closet, every drawer and even in the attic or the basement? The answer is probably not. Having a home inventory can help to make sure that you can replace all the things that were lost. In Pismo Beach, CA the friendly staff at Neff & Associates Insurance Services Inc can help you to understand the importance of a home inventory.

Creating a home inventory can be very time-consuming. A two-pronged approach is best. Take a detailed inventory of each room and then follow up with pictures. For higher-priced items, it is wise to have proof of purchase including the cost. For items like jewelry, an appraisal may be necessary to prove the value. How detailed the inventory needs to depend on the type of replacement coverage that you have. Don’t forget things like Christmas ornaments that may be stored in an attic or basement. 

Once you have created the inventory it is important to store it in a safe place. A safety deposit box is a good option if you have one. If not, at least be sure that it is in a fire and waterproof container. Storing it away from your home is the best option. 

When it comes time to put together your home inventory, why not stop by the office of Neff & Associates Insurance Services Inc or give them a call to discuss this important document. If you live in Pismo Beach CA or the vicinity, they will be happy to help. 

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 You Should Review Your Home Insurance Policy Before The Summer Is Over

A lot can happen when you’re in Pismo Beach, CA. Your home insurance policy is designed to protect you. By reviewing your policy prior to the end of summer, you can make sure that it’s fully updated. Further, if you find that there are coverage gaps, you can fix it before another full year passes.

Additions to Your Home

The summer months are often where people make upgrades to their home. At Neff & Associates Insurance Services Inc, we can provide you with an updated policy based on anything you may have done to your home. This includes fencing, a swimming pool, or anything else.

Any additions have to be added to your policy. Otherwise, damage to them won’t be covered, which can end up costing you a great deal of money.

Added Coverage

If you have had to file a claim because someone got injured while visiting your home or one of your family members caused damage to someone else’s property, you may want to consider increasing your coverage levels. This way, when you go to file a claim, you don’t have to worry about exceeding the coverage. It prevents you from having to pay out of pocket for more than just the deductible.

Additionally, you may want to explore a better cost for your home insurance. Different insurance companies provide different rates. Even if you went with the most affordable company in the past, they may no longer be the most affordable.

Call us at Neff & Associates Insurance Services Inc to learn more about your home insurance. We can take a look at how upgrades or changes to the policy can benefit you in Pismo Beach, CA. It will offer you a greater level of peace of mind to get you through the rest of the year.

 

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.

How large of a deductible do you need while driving in Pismo Beach, CA?

There are a number of factors that can affect the type of insurance coverage on your car as well as the amounts the driver will have to pay in the event of an accident.  Neff & Associates Insurance Services Inc. is an agency that provides auto insurance and has answers for your most important questions related to car insurance. 

One of the biggest concerns most people have regarding their car insurance is the size of their deductible for damage to the vehicle. In many cases, cheaper policies have a very large deductible, which means that minor accidents will almost always be the responsibility of the policy holder and the insurance company will give little to no financial help in these situations. For most drivers, it makes sense to have a deductible that will cover most of the damage if they do ever get into an accident, is this is one of the main reasons to carry insurance. Also, many drivers who have cars that are expensive or rare will generally want the best coverage possible to protect their vehicle as an investment. It tends to be more affordable to pay gradually for a comprehensive policy rather than to wait for an accident and end up spending thousands of dollars on repairs. Considering these issues and the likelihood of accidents, it often makes sense to pay for a policy with a smaller deductible up front.  

Learn more about deductibles today

For more information related to auto insurance coverage, contact Neff & Associates Insurance Services Inc. This agency can serve you in the Pismo Beach, CA area and provide superior customer service and coverage options.

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.