(951) 403-3533James@friendlyguyinsurance.com

Holy Fire Puts Restrictions On Current Homeowner’s Insurance

Post Published 8/13/2018 at frenchvalleypress.com

A few of us here were talking about how Homeowner’s insurance affects someone who lives or is in the middle of a real estate transaction while a major blaze is happening, such as the Holy Fire.  Since we have a pretty good relationship at Friendly Guy Insurance, we thought to give James a call.

We got through to James and he told us that during times like these, Insurance Agent’s are updated frequently as to the status of the fire, and overall binding authority updates are given frequently.

As of today, at 12:45, James told us that due to the gains in containment with the Holy Fire, the non-bind perimeter is being adjusted. James said that a non-bind status means that there cannot be any changes written to a current home policy, and on top of that there cannot be any new business written in these affected areas.

Changes means no changes to any coverage or change of deductibles.

The updated parameters for the non-bind area include:

  • North of Santiago Canyon, Live Oak Canyon, and Trabuco Canyon Road.
  • South of Interstate 15 and Grand Avenue.
  • West of Riverside Drive
  • James advised the remaining zip codes that are still affected are: 92530, 92883,92678.

We asked James if there was anything that he recommends thinking about prior to a disaster like a fire that consumers should think about.   Freeman said “re-evaluate your deductibles during non-crisis times”.  I had a lot of clients that had to evacuate and most of them told me they wished they had more cash on hand and fuel in their cars.  Another thing to consider is to ask your current Insurance Company if they offer a free service of spraying fire-retardant foam if their home is at risk.  “Our company has state of the art software that notifies us if we have a client that is at risk of the home catching on fire” Freeman said.  Our company will send a company out to spray the property. James said the average consumer does not know to ask these questions, that’s why it’s not imperative but crucial you have an Insurance Agent that knows what they are doing.  When the you know what hits the fan, the average consumer does not care what the premium is, as long as they are covered.

Thanks alot for the time James, all of us here at French Valley Press always enjoy talking with you.


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.