Why Is My Insurance Important?

I won’t name names, but insurance carriers have commoditized insurance in the 21st century. It has become all about the premium, and less about the service, the coverage, and the importance.

Why is your insurance important? Why would your insurance NOT be important is truly the better answer…but let’s discuss this.

Insurance is the platform of the middle class. Working people, hardworking people spend a lot of their time driving from point A to point B. This is windshield time, this is risk time. Being behind the wheel more often gives you a higher likelihood of being in an accident than someone who primarily drives to the grocery store and home. Some may argue that with more driving time you have more experience, and are therefore less of a risk…The issue isn’t you being a risk, not that accidents don’t happen, but the issue are the increase in drunk drivers, the increase in uninsured drivers (statistics show less responsible and more of an erratic driving style), the risks surround us. Being out in the world more, increases our likelihood of being in a major motor vehicle accident.

In 2017 Farmers Insurance paid out on AVERAGE $3 million dollars for every fatality.

In 2013 the CDC reported that in California alone $4.48 billion dollars were paid out in relation to motor vehicle accidents. Only a small percentage of these accidents were related to children and teens. 36% were results from adults driving.

What would you do without insurance if you caused or were a victim of a motor vehicle accident?

Are all insurance companies the same? The answer, NO!

Ask yourself, are all food brands the same? Clothing? Soap? Car manufacturers? ….Hands down, NO!

We are not apples to apples, or oranges to oranges…we are financial safeguards. Choose your company, and choose your agent wisely. They will be the gatekeepers to your future if you ever experience a claim of any sorts.

Insurance isn’t an item you can price shop. It isn’t like buying a Honda at a different dealership that will give you $200 bucks off…You aren’t getting a Honda from an off brand insurance company, you’re getting a knock off.

Why pay any money to a company that won’t be there for you in the end? Seems like an expensive piece of paper to put into your glove box.

Do your research on the company, know what coverage they can provide, what your agent will do for you in the event of a claim, and be coverage and quality focused.

Know the laws, if your insurance doesn’t have adequate limits in the event of a claim, you’re 100% liable for the excess damages.

That means wage garnishments up to 25%, asset levies, liens against your property, 401K and other retirement options garnished, even life insurance.

Instead of price shopping, quality and coverage shop, you’ll be surprised that you can purchase insurance for the right cost, and the right coverage.

Find an advocate, someone you trust to help you find an insurance plan that fits your life, not the other way around.

 

Scandalous!

California lawmakers are working toward eliminating the ability of banks to bully consumers into arbitration following fraud on behalf of the financial institution. Did you know this was even a concern? That banks were actually allowed to force victims (their clients) into arbitration to avoid justice?

Well, due to the work of petitioners and consumer-rights advocates lawmakers have listened. Instead of filing class action lawsuits against the financial institution, which let’s face it, just puts lots of money in the attorney’s pockets…individual lawsuits could be legalized.

It is our right to a fair trial, correct? It’s our constitutional right for someone who offended us, stole, etc., to be prosecuted by the law.

Why has it taken this long for this topic to be broached?

Following last years Wells Fargo Scandal has led lawmakers to revising this legislation.

Insurance Journal Full Article

Happy Mother’s Day!

Mother’s day is one day out of the year that we all acknowledge our mom’s, grandmothers, and other motherly figures in our lives. We give praise and thanks for all the selfless efforts they have shown us throughout the years. The truth is, the job of a mother never ends. It continues throughout the life of the mother. It’s a long, tireless, selfless, and sometimes underappreciated job. One day a year we set aside to devote to our moms, we must make it one that counts!

Take a moment on Sunday, and perhaps a few moments each and every week, and thank your mom. Acknowledge their efforts, their love, and their sacrifices. While they did everything because they loved you, wanted you in their lives, it makes it all worthy for their love to be recognized.

Moms, congratulations on a job well done, to raising people you want to actually spend time with as adults 😉

Cheers to moms, cheers to your kids, and cheers to families all around the globe.

Moms, keep it up, women are pillars of strength, power, and compassion. Our lives are undoubtedly better because of you.

Everyday protect your loved ones, protect your families, and make sure your insurance coverage is accurate for your family. A mother’s job is never done, make sure your kids are protected. Talk to them about life insurance, talk to them about auto liability. It’s important, and it will keep them safe from financial ruin.

7 Easy Steps to Avoid More Damage

With the severe wind storms, heavy rains, and bitter cold days we’ve been having we’ve seen an influx of homeowners claims, along with the rest of the California insurance industry.

We can’t avoid the damage that these weather systems have on our properties, the most we can do is be aware and find the damage as soon as possible and temporarily rectify the issue before further damage occurs.

wind damage

ROOF

One of the biggest incidences we are coming across are blown off shingles from the wind. During this season homeowners should:

  • Inspect their roofs for curled shingles, worn shingles, and blown off shingles.
  • During the dryer days enlist the help of a contractor/roofer to repair the damage that you can visibly see to avoid water damage occurring inside of your home.

As shingles get blown off, or begin curling up water gets trapped under the shingle and can create rot ultimately leading to water damage seeping into your ceiling, into your home. If you live in a two story or multi-story home you could be potentially looking at structure damage, not just sheet rock and superficial repairs.

Water can wreak havoc on property. Water left sitting on materials can leave to mold, dry rot, fungus, etc. Homeowners insurance will only cover these types of water losses when they are caught quickly and have not led to a negligent amount of damage. Most homeowners insurance policies exclude coverage for mold and fungus. The reason, water causes these issues. Had the water damage been reported and cared for in a timely manner, the mold and fungus would most likely not have grown and created further damage to the property. Insurance companies require the assistance of the homeowner to help prevent further damage to the property, and to help eliminate the chances of damage to the property.

These things can help keep your premiums down, and eliminate unsightly insurance increases dues to claims. Follow these steps to help decrease water losses caused by roof related issues:

  1. During this season inspect your roof regularly. Each windstorm/rainstorm can cause changes to your roof.
  2. Repair all curling, missing, or worn shingles.
  3. Inspect your gutters and maintain clean drainage systems for proper rainwater drainage.
  4. Inspect your roof for moss growing, and clean it off if it is there.
  5. Make sure there is no standing water.
  6. Inspect the sides of your home for water marks, which could be indicators of water damage leaking from the sides of the roof.
  7. Any damage repair immediately.

STAGNANT WATER

Stagnant water can lead to damage alongside the bottom section of your property as well. If you see you have “pooling” water in areas of your property please set up a siphon system defer water away from your property. There are also pumps you can purchase to redirect the water. You can also go the sand bag route, though this can become messy and they are heavy and not easy to maneuver.

Most importantly, when you see damage occurring do all you can to stop it from causing more damage. Contact your insurance agent and speak to them immediately about what can be done to rectify the issue to avoid larger issues arising. The key is containing the small problem, before it grows into a larger one.

It’s March…we should see sunshine soon, RIGHT?! Well, I certainly hope so…until then, stay dry, stay aware, and remember I’m always available to answer questions, and help out in any way.

Happy Monday!!

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