(951) 403-3533James@friendlyguyinsurance.com

Category Archives: My Blog

I’m Covered Right? I Have Full Coverage

When talking with a potential new client about auto insurance, I typically hear the words “full-coverage”. Many consumers are under the assumption that if they have full-coverage that they are really fully covered. If you are at fault in a traffic collision, most of the time there will be a law suit. We do live in CA. where everyone is so sue happy. Let’s face it, if you are going to get sued, you are going to be sued BIG; attorneys do not sue just a little. The average automobile law-suit in CA. is around $200,000. So let’s say you have 15/30 bodily injury coverage and you are sued for $100,000. Your insurance carrier will write a check for the $15,000 and wash their hands that point. Who do you think they will come after for the remaining $85,000? YOU!!! They will come after your assets, equity in your home and even garnish your paycheck up to 25%. So did full-coverage help in this scenario? If your current Insurance Agent is not having these types of discussion with you, perhaps it’s time to find another agent.

ADAS and the Impact on Insurance

What is ADAS- Advanced Driver Assistance Systems

ADAS technology creates a circle of safety around the vehicle. Many safety features come from the front-facing camera in the windshield, including lane departure warning and traffic sign recognition.

Why are these systems being used in vehicles? 

There are 1.2 million Traffic fatalities globally on an annual basis by far the largest contributor is human error.  90% adoption of ADAS systems could reduce fatalities by 67%.  In the United States alone it is projected that with 90% adoption of ADAS in vehicles 33,000 lives would be saved and in China this number rises to 275,000 lives per year.

Currently 6% of the windshields being replaced by Safelite AutoGlass have some type of ADAS feature and this number is expected to double each year in the foreseeable future.   The government is pushing for these additional safety features as well as consumer demand for these options.

How does this impact the consumer when a windshield is replaced? 

With some of these safety features the cost of the windshield is more expensive as well as a process called “recalibration” is required after the replacement is performed to ensure that the safety features are working properly.

Below are some cash price examples of windshield costs with and without the safety features requiring recalibration.  Please keep in mind that these are examples and market pricing may vary:

2014 Ford Taurus

A windshield for a vehicle without ADAS options range from $259.00 and  $699 for a Windshield on a vehicle with ADAS options.

2015-2017 Acura MDX

A windshield for a vehicle without ADAS options range from $359.00 and  $999.95 for a Windshields on a vehicle with ADAS options.

These prices do not include recalibration charges. Safelite AutoGlass charges $300 but they have seen dealer prices in excess of $2000.

This earthquake fault in northeast L.A. and Pasadena isn’t well known, but experts say it poses dangers

California officials have mapped a new stretch of an earthquake fault through northeast Los Angeles — a fault that could cause major damage in the heart of the metro area.

The Raymond fault has long been known as a potentially dangerous fault for Los Angeles and the San Gabriel Valley, and caused the magnitude-4.9 Pasadena earthquake in 1988, said Tim Dawson, senior engineering geologist with the California Geological Survey.

But it’s a fault that can pack a punch. That 1988 earthquake literally threw seismologist Lucy Jones out of bed. “The wave was coming up at me,” Jones recently recalled. “It was the most scared I have been in earthquake shaking.”

And it’s capable of a much worse earthquake. It could cause an earthquake as large as a magnitude 7. The Raymond fault runs from northeast L.A. through South Pasadena, Pasadena, San Marino, Arcadia, Monrovia and the unincorporated area of East Pasadena. For stretches, the fault runs alongside parts of Eagle Rock, York and Huntington boulevards, and under a stretch of the 110 Freeway in South Pasadena.

 

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Why Friendly Guy Insurance? Why Not Friendly Guy Insurance!

If you’re like most, you are tired of paying too much for insurance. On top of that when you contact your carrier, you get lost in the press 1 for this and that or you end up going through an endless maze of voice mail menus; only to wind up with a live person that makes you explain all over again why you are calling when the voice mail prompts asks you the purpose of the call. Sound Familiar? At Friendly Guy Insurance, we take a different approach. Our agency philosophy is that every client should be treated like a friend, not a policy number. Our expertise is personal lines insurance. This means we offer personal coverage for Home Insurance, Auto Insurance, Life Insurance, Motorcycle Insurance, RV Insurance, Renters Insurance, Boat Insurance, Earthquake and Flood Insurance. We also offer Classic Car Insurance. Call now and start saving today!

Why You Need Earthquake Insurance

Earthquakes represent one of the most significant threats to homeowners in California.  Over 2,000 known faults crisscross the state producing an average of 100 earthquakes per day. Experts agree that it is only a matter of time before another large earthquake will occur.

Why you need Earthquake Insurance…

Your current homeowners insurance policy does NOT cover earthquake losses.  Without earthquake insurance, you will pay out-of-pocket to repair any damage to your home, to replace your personal property, and to live and eat elsewhere after an earthquake.  These expenses can be substantial to your family!
Getting coverage is easy, just contact me to discuss available options and our agency will provide you with a no-obligation quote.

Protect Your Family And Assets for Just A Few Dollars A Day

When planning on how to better protect your family and assets, it is imperative to consider your risks. Other states are not this way, but in California the courts have access to assets and income to appease judgments. An excellent way to ensure your protection is with an umbrella policy.

So, what is umbrella insurance and how can it better protect you? Umbrella insurance is additional liability insurance that will protect you financially, your assets, and your family if you are sued for a large amount of money. Auto and home policies have limits in terms of the dollar amount they will cover; these limits are agreed upon at the time you set and sign the policy and can often help to determine the price.

But limits are limits, and by definition carriers will not exceed them in their payouts. If you want fiscal protection against a large lawsuit, umbrella insurance is the way to go.

As you’ve likely gleaned by now, the term “umbrella” does not literally refer to the hand-held instrument that protects you from the rain. It’s a metaphor, referring to how the policy shields holders more broadly than does primary coverage.

Here are some examples where umbrella insurance might be in your best interest.

•Ever plan to host guests? If people are coming in and out of your home, there is a risk of someone slipping and/or falling and injuring himself. This is one of the major causes for big homeowners insurance claims.

•Use your car commuting to work, going to the store, or even just for a cruise down to the shore? The more time you spend in your vehicles the better your chance of a catastrophic accident.

In addition to covering you for accidents on your property or car accidents you are found to be at fault for, an umbrella policy can also protect your dependent children (for example, if your daughter causes a car accident), any accidents caused by you or your dependent children while operating a watercraft, accidents that occur on a rental property you own, and personal injury lawsuits arising from slander, libel, defamation of character, false arrest, detention or imprisonment, abuse of process, malicious prosecution, shock/mental anguish and more.

Umbrella coverage may seem like an extremely cautious step — insurance on top of insurance! For a few extra dollars each month, you can protect yourself from a catastrophic loss. Most policies cost only $20 – $30 a month, which is likely a small price to pay to further protect your most valuable material assets.