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Express Financial & Insurance Services

3222 Santa Monica Blvd
Santa Monica, CA 90404

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Can You Insure a Townhome with Condo Insurance?

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.  

Can I buy health insurance at any time during the year?

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

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.

Should I Get Whole or Term Life Insurance?

One of the most important types of insurance that you need to consider getting is life insurance. When you are looking for a new life insurance policy, the two most common options are a term and whole life insurance. There are several factors to consider when you are choosing between these two different options.

Amount of Coverage

The first thing that you need to consider when you are shopping for life insurance is how much coverage you need to have. If you are looking for the most amount of coverage possible, getting a term life policy could be a great option. These insurance options typically will provide you with a high level of coverage for a specific period of time. However, after the term of the policy is over, you will lose all of the money that you put into it.

Investment Benefit

While life insurance is a security blanket for many people, it can also be used as an investment strategy. When you have a whole life insurance policy, some of the money you spend on premiums each month will go into an account that will appreciate in value. You will then have the ability to liquidate this money at any time. This helps to make a whole life insurance policy a good option for someone that is looking to diversify their investments.

If you are in the Santa Monica, CA area and are examining your life insurance needs, you should speak with the team at Express Financial & Insurance Services. The team at Express Financial & Insurance Services will be able to help explain to you all of the complexities that come with your life insurance options. They will also be able to help you to get into a great policy that meets all of your needs. 

I Just Started a Salon, Should I Purchase Commercial Insurance?

A beauty salon carries out different activities like cutting hair, coloring hair, waxing, manicure, pedicures, etc. Insurance is important because as we know, life is full of the unexpected, things can go wrong at any time. Commercial insurance for your salon will cover you for example when an angry customer gets an allergic reaction to one of your beauty products. Read on to see more reasons why you definitely need to ensure your business.

Express Financial & Insurance Services is an insurance agency in Santa Monica, CA, that can answer all your insurance questions. Call us today, to get the assistance you need.

1. Commercial insurance covers you for any necessary repairs or replacement

With frequent use a hair dryer can stop functioning or a chair can fall apart. In that case, you may be left with fewer work stations or be forced to close your shop until all repairs are done. Commercial insurance pays for repairs in a timely manner, allowing you to commence your business activities.

2. Insurance covers any business interruption

Maybe you decided to start selling hair and beauty products in your salon to increase your profits, and you use the products on your clients too, however later on the products are recalled. The recall can make you lose customers as they may assume you were putting profits ahead of product safety. Eventually your business may drop drastically. Having a commercial insurance cover will help you recover from such a financial loss that results from business interruption.

3. Professional liability insurance protects against lawsuits

In a busy day at your salon, one of the stylist might accidentally burn a chunk of a client’s hair while using a straightener. The client may decide to sue you for this, therefore having a professional liability insurance will save you from the expenses.

4. You are covered in case a fire breaks out

Products used in a salon are usually flammable and if proper precaution is not considered, a fire may break out leading to damage to property. Commercial insurance could help cover the costs.

Express Financial & Insurance Services is an insurance agency in Santa Monica, CA that offers well-studied insurance policies. Call us today to know more.

Does Condo Insurance Cover Liability If Someone Is Injured In Your Condo?

Condo owners who live in the Santa Monica, CA area often have questions about what their condo insurance actually covers. The agents at Express Financial & Insurance Services can provide the answers they are looking for and review their policy to make sure they have the coverage they need if a person is injured while visiting their home.

Liability

Most condo insurance policies provide some degree of liability coverage. It is up to the condo owner as to how much insurance they feel is necessary. Individuals who have guests in their home on a regular basis may want more coverage than someone who doesn’t spend a lot of their time entertaining guests. Even if a person rarely has visitors, it’s essential to have some degree of liability protection.

Be Aware

Even if a person has ample liability coverage, it’s always beneficial to be aware of things in your home that may increase the risk of someone being injured. Loose rugs and dimly lit rooms can cause someone to trip and fall. Maintain wide walkways between furniture to prevent stumbling and wipe up spills if they occur. Always be aware of your surroundings and correct any potential risks that may be present.

The agents at Express Financial & Insurance Services are always ready to assist their clients who live in the Santa Monica, CA area. If you have questions about how much liability protection you have with your condo insurance policy, call and schedule your appointment today! They can answer your questions and make sure you have the amount of insurance you need if someone happens to be injured in your home.

Does Renter’s Insurance Cover Personal Belongings Only?

Renter’s insurance is something that every renter should consider at the very least. It covers a wide range of things and can help keep you from losing everything in the event that something terrible like a fire or a break-in occurs. It is important to note that your landlord is not responsible for any of your belongings and that a renter’s policy can take away some of your worries. For those that rent and are looking for a policy, the agents with Express Financial & Insurance Services in the Santa Monica, CA area can help.

Renter’s insurance covers most commonly, your personal belongings. This means things like clothes, furniture, electronics, and any other personal effects that you might have in your apartment or rented space. This type of policy is going to help make sure that if there is something like a fire or a break in, you are not stuck paying for the entire mess and for replacing all your items on your own. Renter’s insurance covers more than just personal effects, however.

If you choose you can also add coverage for things like medical bills if you are hurt in the rented space, you can add coverage for expenses should you have to find temporary housing after an incident and more. Renter’s policies are going to cover basically what you are willing to pay for. If you want to pay for more, they are going to cover more. You can tailor your renter’s policy to your particular needs and desires by simply talking with an agent about how to create a specific and succinct renter’s policy.

For those in the Santa Monica, CA area, the agents with Express Financial & Insurance Services can help you create the perfect renter’s policy with little effort and even less stress and worry.  

Does My Home Insurance Policy Cover Jewelry?

A homeowners’ insurance policy is the best way to protect your home and personal belongings from loss. Losses can arise from natural or manmade disasters and other catastrophic events. If a particular event is covered in your homeowners’ policy, the insurance company assumes the financial burden of paying for the losses arising from the occurrence of the said event. But what exactly does a homeowner’s insurance policy cover?
Well, coverage specifics vary from one policy to another. However, a typical homeowners’ policy covers the structure, personal belongings, and temporary accommodation as the repairs go on. Jewelry and other items of value are also covered under personal belongings, but the coverage is subject to several stipulations and limitations. If you are in Santa Monica, CA, Express Financial & Insurance Services can help you get sufficient coverage for these high-value items.
When Homeowners’ Insurance Covers Damaged or Lost Jewelry 
Jewelry is covered when its damaged or lost due to a listed peril such as fire or theft. For instance, if a fire in your house damages your jewelry collection, your home insurance policy will pay for the damage, but only up to the coverage limit specified in your policy. If burglars break into your house and manage to steal your jewelry, the policy will cover part of its value, but again, to the maximum limits defined by your policy.
However, you can increase the coverage on your jewelry by purchasing additional scheduled personal property coverage, also known as floater or endorsement. Floaters or endorsements will increase your coverage limits and add an extra layer of protection for your jewelry. If you are looking for additional coverage for your jewelry in Santa Monica, CA, Express Financial & Insurance Services can sort you out. Get sufficient coverage for your jewelry and avoid major losses in case of theft, fire, or any other event that may lead to the loss of these precious items.

Does Boat Insurance Cover Dry Dock Damage?

If you are planning on buying a boat, or have purchased a boat recently, you may have questions about your insurance coverage. Knowing the specific details of your boat insurance helps you more effectively protect your investment and prepare for use or storage year round. One of the most pressing questions boat owners have is whether or not their insurance protects the vessel when it is in dry dock storage. 

Does My Policy Protect My Boat While In Dry Dock?

Most boat insurance policies do not cover the vessel when it is in dry dock, or even out of the water. The good news is, however, that most dry dock facilities do carry liability coverage that covers any damage or loss of the vessel while located on the premises. If you decide to store your boat on your property, you can extend your home insurance coverage to include the boat in most cases. It is important to discuss the limits of liability that the dry dock facility carries to ensure your boat is protected. Likewise, you should check with your insurance agent regarding the ability of your home insurance to protect your boat and make any necessary adjustments before storing the vessel.

Get The Coverage You Need

If you are shopping for boat insurance, it is important to do business with a company that has experience with this type of policy and is dedicated to helping you get the insurance you need from start to finish. Reputable insurance providers such as Express Financial & Insurance Services serve the residents in and around Santa Monica, CA, and are committed to helping you get the coverage you need.

Don’t take chances with your valuable investment. If you live in or near Santa Monica, CA, call or stop by Express Financial & Insurance Services to speak with a helpful, knowledgeable insurance representative today.

Understanding Basic Motorcycle Insurance Requirements in Santa Monica, CA

You love your motocycle and don’t want anything to prevent you from enjoying Santa Monica’s great weather from the seat of your bike. Make sure you understand your legal requirements to obtain insurance. California requires motorcycles to be registered and insured just like any other vehicle on the road. Proof of coverage ensures that you are able to cover any damages or injury in an accident you may cause. Your Express Financial & Insurance Services representative is available to help you understand your options. First, let’s look at the state laws governing motorcycle insurance.

California Motorcycle Insurance Requirements

In order comply with state law your motorcycle insurance has to include liability insurance coverage. This includes bodily injury and  property damage experienced by others due to a crash that you caused. Here are the types of coverage you need.

  • bodily injury or death benefits to one person injury or killed in an accident you cause
  • bodily injury or death benefits for more than one person injury or killed in an accident you cause
  • property damage resulting from an accident you caused to another person’s property

Deciding on Insurance Coverage

 Review your options from a perspective of how often you ride and the likelihood of an accident. Get as much insurance as you can afford without being over insured. Your Express Financial & Insurance Services agent can help you decide what suits your needs. For instance, you can always sign up for the minimum and add specific coverage later if you feel you are at risk.  

One thing to remember is that liability motorcycle insurance doesn’t cover you or your motorcycle. Many riders opt for comprehensive coverage that pays for damages if you are hit by an uninsured or underinsured driver.

Contact Us

Contact Express Financial & Insurance Services today to set up an appointment for a quote, not only for motorcycle insurance but all your coverage needs.

 

 

 

Can I Buy Health Insurance While Pregnant?

If you have just found out your pregnant, you may be experiencing a mix of emotions. But if you do not have health insurance or have a policy that does not provide adequate coverage, you may find yourself concerned about this. One of the questions that we at Express Financial & Insurance Services, serving the greater Santa Monica, CA area are often asked is whether you can purchase health insurance if you know you are pregnant. This may be one of the questions you also have. Here is what you should know about this topic. 

Buying Within the Health Insurance Marketplace

If you are looking to purchase health insurance from the health insurance marketplace, you can only purchase health insurance during open enrollment or if you have a qualifying life event, such as moving or losing your current health insurance due to a job change. Pregnancy itself is not a life event that would allow you to purchase insurance outside of open enrollment. However, if it is open enrollment, you can purchase health insurance while pregnant through the marketplace. 

Buying Outside of the Marketplace

If you are looking to buy health insurance through a private company, you can purchase health insurance while pregnant. However, it is considered a pre-existing condition and your insurance rates and premiums may be significantly higher due to the pregnancy. This is important to keep in mind, especially if money is tight. 

If you are looking to purchase a health insurance plan, whether you are pregnant or not, Express Financial & Insurance Services, serving the greater Santa Monica, CA area, can help you. We can help you determine what health insurance plan best fits your needs. Call us today to get started.