Insurance

What You Need to Know About Buying Umbrella Insurance

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There is no way to plan for when you might need extra insurance coverage beyond what your San Diego, CA area auto insurance or homeowner’s insurance covers. You also won’t know when you need insurance to cover things your other policies don’t, such as damages from slander or false arrest. Umbrella insurance is designed to provide that extra coverage. Here’s what you want to know about shopping for umbrella insurance.

  • Who commonly purchases umbrella insurance? A case can be made for most anyone to have an umbrella policy, such as a large law suite that wipes you out. Here are some situations that often carry an umbrella: property owner, owning significant assets and savings, those concerned about liability claims when traveling outside the country, or people that are involved in activities that increase chances of being sued.
  • When buying umbrella insurance, typical policies come in million-dollar increments. Many companies only sell an umbrella policy if you already have auto and/or property insurance, which can include a renter’s policy. 
  • Deciding on how much coverage you need can be tricky, but a good rule is to purchase enough to cover your net worth. This can also include potential earnings for the future.
  • If you think an umbrella policy will be too expensive, the truth is that they are quite reasonable. For example, a $1 million policy might run $150-$300 a year.
  • You can get an umbrella policy from most major insurance companies.

Armorcrest Insurance Services

Armorcrest Insurance Services provides insurance in the San Diego, CA area. We have a high customer retention rate because we strive for excellent customer service. Contact an Armorcrest agent today to discuss your insurance policies and explore how an umbrella insurance policy can protect you.

What are the Basics of Condo Insurance?

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If you own a condo, it’s important to keep your premises in reasonably safe condition for the residents and visitors alike. Of course, you want to protect your investment as well. To do both, you will want to purchase condo insurance that covers you in the event of a disaster striking the condo and affecting its interior and exterior alike. If your dwelling is located in California, you will want to consider Armorcrest Insurance Services, which serves the El Centro, CA area and neighboring towns such as San Diego and Palm Desert.

Why Do You Need Condo Insurance?

Condo insurance, also known as condominium unit owners insurance, is required to cover personal property and areas of the unit that aren’t already covered by the insurance policy provided by the condo association. There are three different kinds of policies the association can offer, specifically one that insures only the primary building and common areas, one that covers the building and items that are not personal property, and a policy that insures the building, a particular unit, and any home improvements made to it. However, when you get a condo insurance policy from Armorcrest Insurance Services in El Centro, CA, you can enjoy even more peace of mind that your dwelling and personal property are protected in the event of a disaster.

If you are looking to purchase condo insurance for your home, get a quote from Armorcrest Insurance Services at your earliest convenience.

What Does California Condo Insurance Cover and What’s Not Covered?

Condo insurance in California provides coverage for all of the following:

  • Theft
  • Fire
  • Lightning
  • Windstorms
  • Hail
  • Freezing of the plumbing system

However, the insurance will not cover any of the following instances:

  • Bodily injury
  • Property damage
  • Ownership, operation, maintenance or use of motor vehicles, aircraft, and watercraft
  • Professional services provided or not provided

Our Staff is here to help guide you through the process of condo insurance and teach you what it includes. Reach out to one of our agents to address any questions or concerns you may have. Our office is open to visits, and we look forward to hearing from you soon.

Three Things Small Businesses Should Know About Commercial Insurance

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Commercial insurance is extremely important for small businesses in El Centro, CA. If something negative were to happen to your business, you might not have the money to pay for the loss out of your own pocket. This may mean you have to shutter your business because of something that was out of your control. Commercial insurance helps to protect against these losses, helping you to stay in business. Here are three things Armorcrest Insurance Services thinks you should know about commercial insurance.

Commercial Insurance is Not Required

In most cities, commercial insurance is not required by law. However, this does not mean you should not have it. There are many benefits to having this type of insurance, especially if your cash reserves are low or you are struggling to build your business and turn a profit.

Commercial Insurance Covers Various Things

No two commercial insurance policies are the same. What they cover varies based on the policy. As such, you will want to carefully read your policy and see what is or is not covered. Never assume something is or is not covered.

Commercial Insurance is Often Called Business Insurance

There is no such thing as business insurance. If you hear someone using this term, odds are, they are talking about commercial insurance. The terms are used interchangeably because commercial insurance protects your business.

We know commercial insurance is important to small businesses. If you are in need of a new policy or are looking to get answers to questions you have, let Armorcrest Insurance Services, serving the greater El Centro, CA area, help. Call us now to schedule an appointment so we can discuss all of your insurance needs and put together a policy that is perfect for you.