California Insurance Guru

I received a call from an insured today.  Apparently, they received a letter from their mortgage company requesting that their home insurance policy be reviewed to determine if it is underinsured.

It’s a sad day when the banking industry is dictating to insurance companies and insured’s the replacement cost for homes and to review their policies with their agent.  [Read the rest of this entry…]

I received a call from an insured today.  Apparently, they received a letter from their mortgage company requesting that their home insurance policy be reviewed to determine if it is underinsured.
It’s a sad day when the banking industry is dictating to insurance companies and insured’s the replacement cost for homes and to review their policies […]

An insured called and asked if they can remove a car from their insurance policy. 

The question is not as simple as it seems.  In California, we now have mandatory laws that dictate you must insure an owned vehicle, even if its parked and never used.

The way to get around this is to file a non-operational permit with the Department of Motor Vehicles. [Read the rest of this entry…]

An insured called and asked if they can remove a car from their insurance policy.
The question is not as simple as it seems.  In California, we now have mandatory laws that dictate you must insure an owned vehicle, even if its parked and never used.
The way to get around this is to file a non-operational […]

The answer is Yes.  Car and motorcycle policies are usually for a 6-month or 12-month term.  The policy is on-going during the term of the contract. 

If you buy a car or motorcycle you will need to call your agent and add the vehicle to the policy.  The vehicle would be pro-rated from the date you add it to the end of the policy period.  That means the insurance company will charge you only the difference from when you added the vehicle until the expiration date.  You will also receive a multi-car discount which reduces the total premium for both vehicles. [Read the rest of this entry…]

The answer is Yes.  Car and motorcycle policies are usually for a 6-month or 12-month term.  The policy is on-going during the term of the contract.
If you buy a car or motorcycle you will need to call your agent and add the vehicle to the policy.  The vehicle would be pro-rated from the date you add […]

What is Insurance?

• Insurance is the pooling of money by many people to protect themselves from the risk of losses which may be difficult for an individual to withstand financially.

What is an Agent? 

• An Agent is an individual that solicits insurance for an Insurance company or companies.

What is a policy?

• A policy is a written contract of Insurance.

What is an Insured?

• An insured is the person covered on the insurance policy. [Read the rest of this entry…]

Identity fraud is wide-spread affecting even the little guy, the home owner.  I will list a few ways to better protect yourself.

• Lock your car when you leave it.
• Don’t leave packages or items in plain view through car windows.
• Never leave your wallet, money or identification in your car. [Read the rest of this entry…]