Owning a condo in Santa Monica, CA is a dream come true but it comes with a lot of worries. Like any homeowner, you need to think about what will happen if you have something bad occur to your home. With a condo, the association has a master policy that covers the exterior area of your home and the common areas. Their policy covers both perils and liability in case someone is hurt on the property. How much their policy covers is something that you need to find out so that you can determine what is your responsibility. With Express Financial & Insurance Services you have someone to turn to when you need your questions answered.
Your personal property is not covered in the master policy of the condo association. If your condo is damaged or destroyed and you lose all of your personal items in your home, replacing them will be your responsibility. If that would be a financial hardship then having condo insurance is a necessity for you. Your personal property will also be covered against theft. If you have condo insurance and your personal property is stolen while you are away from home traveling, it will be replaced after your deductible is met.
This coverage protects you and your family members, even your furry friends from the results of an injury that hurts someone else. It covers medical as well as legal expenses.
Loss of use
If your condo is damaged by a covered peril and is uninhabitable, this coverage will help pay for a place for you to stay until you can come back home.
If you have questions about condo insurance in Santa Monica, CA, Express Financial & Insurance Services is there to answer them for you. Stop by their office or give them a call for a no-obligation quote.
Choosing health insurance can be intimidating. Finding a policy that is affordable and provides the coverage that you need is not for the faint of heart. It helps to do some research before you begin so that you can understand the terminology. If you live in or near Santa Monica, CA Express Financial & Insurance Services can come to the rescue with some friendly health insurance advice.
In the meantime, these tips will get you started as you navigate the complicated world of health insurance.
If you want to keep your current doctor or doctors be sure to check the provider network of any plan or plans that look interesting to you. If you are in doubt, talk to your doctor’s office, they will know exactly which insurance plans they accept. You should also check which local hospitals are included if you have a preference.
Before your insurance starts to cover you, you have to pay a certain amount of money out of pocket, this is a deductible. High deductible plans are more affordable but can result in you paying not only your premiums but all your medical expenses since you have not met the deductible.
For covered expenses, the insurance may cover a percentage for example 80% and then you pay 20% or there may be a set amount that you pay for that service, such as an office visit.
These are just a few of the terms that you need to understand before you can make an informed decision about what health insurance is right for you. In addition to all these terms, the premiums must be affordable. If you live in or near Santa Monica, CA, Express Financial & Insurance Services will be happy to talk to you about the right health insurance for you and your family.
The agents of Express Financial & Insurance Services are able to explain all of the benefits of a whole life policy to their customers living in the Santa Monica, CA area. Your whole life insurance policy has many benefits that you may not be aware of. Talking to your agent will help you learn what your policy can do and how you can benefit from having it long before your family actually uses it.
The Benefits of Whole Life
A whole life insurance policy is meant to provide for your family if the unthinkable happens. The monthly premiums are higher because there is no termination date. Since you don’t know when you will need to use it, the money is put into an account, first to make sure the cash value of the policy is reached and second, to establish a cash value. At the time of your death, the cash value of the policy is paid out to your family to ensure they are taken care of.
Protecting Your Family
Once your policy begins to establish cash value or equity, you may be able to borrow against it if an emergency occurs. The money you borrow is treated in the same way as a loan using the policy as collateral. Just like a loan, the money must be paid back in a timely manner.
Santa Monica, CA residents can visit the agents of Express Financial & Insurance Services if they are interested in learning more about the benefits of having a whole life policy. Schedule a meeting at your earliest convenience to see if you can benefit from purchasing a whole life policy.
If you have employees, you’re typically required to have workers’ compensation insurance to cover them in case they’re harmed on the job. You will typically be held liable if they sustained any type of injury while furthering the interests of the company. This principle applies to all industries, even ones that wouldn’t necessarily be considered dangerous for its workers. If you’re in Santa Monica, CA, Express Financial & Insurance Services wants you to have as much information as possible.
Buying Workers’ Compensation Insurance
Your commercial insurance may or may not cover workers’ compensation, though many policies will bundle these costs together. Each state has its own rules and requirements when it comes to workers’ compensation insurance, and California tends to err on the side of caution. In other states, you may not need insurance for companies with under a certain amount of employees. However, in California, you’ll need protection if you have even one employee. In addition to state rules, your industry may have specific rules about workers’ compensation. Jobs with more risks may require business owners to purchase additional coverage.
Understanding Your Options
Express Financial & Insurance Services works with business owners from a variety of industries in Santa Monica, CA. We help get them the coverage they need to keep their business alive. Just one lawsuit or compliance violation can threaten the future of a business, and leave it open to failure.
If you want to learn more about your options, give us a call today to learn more about how the right policy for you. You may also want to consider increasing the coverage of your current policy as well. Injuries in the workplace can be common, regardless of whether your employees work in an office building, from their home, or at an outside location.
Pets are part of many families in Santa Monica, CA. The summer season is almost here, and many families are looking forward to taking their pets outdoors which can make them get a little wild, which could lead to accidents in the home.
Are Pets covered?
The good thing about home damages is that you can always purchase a home insurance policy to cover for losses or injuries that may occur. That is also to answer our title that home insurance does not cover your pets, but the injuries and damage they cause on other people who are not part of the home. When you choose a certified insurance company like Express Financial & Insurance Services, we ensure that you understand all the covered policies in your home insurance policy to avoid future misunderstandings.
Pet damages don’t exist.
It is imperative to understand that what your pet damages in your home is not covered, but what your pet damages in another house is covered. Pets are considered to be a privilege and that owners should own one at their own risk.
Policies do cover injuries.
Any injuries that happen in your home to other people who may have visited you are covered in your home insurance. This also includes bites or scratches from your pets. However, you are not covered if your pet bites or scratched you.
Specific Pets can affect your coverage
Some insurance providers regard some pets as ”dangerous,” which may prompt them to hike their rates. It is crucial for any pet owner to inquire about such details as not all providers follow these rules.
So, if you own pets and are wondering whether they’re covered, Express Financial & Insurance Services located in Santa Monica, CA will help you find a suitable solution that will enable you and your pet enjoy your summer.
Major milestones or changes in your life can affect your auto insurance rates or coverage. If you’ve had lifestyle changes in the last year, talk to your Express Financial & Insurance Services agent in Santa Monica, CA, to see if you need to update your policy. The following events may require adjustments to your auto insurance policy.
Marriage could qualify you for lower auto insurance rates as many insurers consider couples less of a risk in causing accidents. If you and your spouse have a good driving record, you could save even more by insuring your vehicles under the same policy.
On the flip side, divorce will affect your insurance coverage as you’ll probably take your spouse off of your policy. Divorce could also terminate your “marriage discount,” which could result in paying higher premiums.
Buying a home is a milestone in most people’s lives. This milestone could lead to saving money on your auto insurance by bundling your home and auto coverage.
Adding a Teen Driver
If your teen just got his or her license, adding him or her to your auto insurance will definitely alter your coverage. You may need additional liability or collision coverage to protect your assets. Your rates may also rise as teens are considered high-risk drivers. If your teen qualifies for a discount for completing a driver safety course or having a high GPA, it can help offset the rise in your auto insurance premium.
Retirement could make you eligible for lower insurance costs due to eliminating work-related driving. Driving less often reduces your risk of accidents. You may also want to reduce your coverage or eliminate the coverage that’s no longer needed after retirement to save on insurance costs.
To get quality auto insurance coverage at affordable costs, contact Express Financial & Insurance Services, Santa Monica, CA.
Even if you were able to buy your RV for a nice low price, picking up an old fixer-upper and getting it up to your likings, an RV is going to be a little pricier to insure than a smaller vehicle based on the size alone. It comes down to liability. Essentially, a large vehicle can do more damage in a collision than a small vehicle, so liability coverage is priced accordingly.
Liability is the main reason why car insurance is a legal requirement in the first place. This is the policy that’s going to pay for medical expenses and damages caused in an accident. If you’re held responsible for the collision, then your liability policy is going to be what keeps you from paying out of pocket for damages for which you’ve been found at fault.
Liability is required if you drive your RV. This means that if you’re simply parking it on your Santa Monica, CA property to use as a sort of guest house, for example, or if you only take it out once every couple years, you don’t need to keep it insured. Just make sure that you’re covered if you are going to get behind the wheel.
It is worth noting that travel trailers do not generally require liability insurance. Any coverage you buy for a trailer is going to be to cover your own losses in the event of an accident. You’ll need to cover whatever vehicle you’re pulling your trailer with, of course. But the trailer itself does not require liability coverage in most scenarios.
If you’re looking to get covered or improve your insurance plan, give Express Financial & Insurance Services a call and see what they have for you.
Research shows that more people are renting at any point in the last 50 years. However, of those renting only 41 percent carry renter’s insurance. Which translates to an alarming amount of people are putting their hard earned belongings at risk. The experts Express Financial & Insurance Services know how expensive it can be to replace everything at once. That’s why the urge Santa Monica, CA residents to protect themselves with a renters policy.
Breaking Down Renters Insurance
Let’s think about it for a second; if you had to pay for all of your furniture, clothes, dishes, computers, etc. How long would it take? How much time did you spend at your job to make money to purchase all these things? Okay, now you have a visual in your mind of all the work you put in, think about having to do it all over again. While your landlord has coverage for the building you live in, your belongings are not protected under their policy. Imagine your apartment floods because the neighbor above you left the water running in his tub, or the house you are renting is damaged from a tornado ruining your furniture. Your stuff is your responsibility and rebuilding your life can be expensive. Renters insurance, however, is relatively cheap, and it can protect you from things like fire or theft. Renters insurance also has personal liability, which can provide coverage for you if you accidentally cause damage to your rental.
Plus, as an added bonus, some insurance carriers will let you bundle it with an auto policy for additional savings.
If you are ready to start a conversation about protecting all your favorite things, give the insurance professionals at Express Financial & Insurance Services a call today. They are happy to help Santa Monica, CA residents find the coverage they need.
Home insurance is a must and so is condo insurance for those properties that might not be a typical home. For those that live in a town home however, you can still use a condo policy to help cover your property. For those that live in the Santa Monica, CA area, the agents with Express Financial & Insurance Services can help you find the coverage that is going to work best for you.
For those that do have a townhome, condo insurance is going to work similarly for this type of home as a typical homeowners policy would. The main issue that you need to make sure you cover is that your townhome is part of a community. The main thing that sets a condo policy apart from a typical policy is that the home is connected to other homes and is part of a community of sorts. This type of policy is going to cover your unit and your unit only and is going to help cover for things like damages that are caused by other tenants as well as damages from typical things like storms, fire, and more.
A condo policy is going to help protect a townhome in that it is going to help protect you if your townhome is damaged by something that other your own fault. This means that if a fire breaks out in the adjacent townhome, your condo insurance can help cover the cost of repair and damages that may occur.
For those that live in the Santa Monica, CA area, the agents with Express Financial & Insurance Services can help you to create the perfect policy for your townhome and the issues that you may see with it.
Healthcare keeps changing, and it can be difficult to keep up with the current rules. One of the biggest changes are the rules about the relationship between the insurance company and the insured.
The government has started requiring some kinds of specific coverages to be offered by the insurance company, while at the same time requiring people to purchase insurance policies. If you live in Santa Monica, CA, you can speak with the representatives at Express Financial & Insurance Services about how those changes apply to you.
The Healthcare Marketplace
Since 2013, there has been a marketplace run by the US government where Americans can search for economical healthcare options. Run on the site HealthCare.gov, it set up a system that was in many ways like the one people often had through their employers, with the same timespans including the open enrollment periods.
Individuals can still purchase their own health insurance through an insurance agent or through an employer or other organization, but the marketplace shows how much healthcare insurance has become standardized.
Open enrollment is usually from the middle of October to the middle of January for California. During that time, anyone can get a new individual or family policy, or change the people who are on a specific plan.
Otherwise people need to be able to claim a qualifying life event, which may include
- getting married
- getting divorced
- having a baby
- losing a job
- or another kind of change.
There are other options, too, even if you don’t fall within one of the exceptions. If you live in Santa Monica, CA and need a health insurance policy, or have questions about an existing one, please feel free to call Express Financial & Insurance Services today.