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Express Financial & Insurance Services

3222 Santa Monica Blvd
Santa Monica, CA 90404

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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. 

How an Insurance Agent Can Help You Navigate the Health Insurance Marketplace

If you are looking to obtain health insurance through the health insurance marketplace, you are able to do so on your own, without the help of anyone. But at Express Financial & Insurance Services, serving the greater Santa Monica, CA area, we can help you navigate the system. This may leave you wondering how and why it is beneficial to you to have an insurance agent help you. Here are a few of the things an insurance agent can help you with. 

Help You Determine When You Can Enroll

The health insurance marketplace is not open to purchase insurance from to everyone at all times. You either need to enroll during open enrollment period or within 60 days of a life-changing event. An insurance agent can help you determine when you are eligible to enroll. 

Explain the Differences in Plans to You

Another benefit of working with an insurance agent when buying health insurance through the health insurance marketplace is that they can explain the different plans to you. Not every plan is right for every person and selecting the right plan can be confusing. An insurance agent is familiar with insurance jargon and helps you to better understand the plans available. 

Determine What Credits You May Be Eligible For

The last benefit way an insurance agent can help you navigate the health insurance marketplace is by helping you determine what instant credits or tax credits you may qualify for. This helps to keep your costs as low as possible for your health insurance policy. 

If you are looking to purchase a health insurance plan in the greater Santa Monica, CA area, give Express Financial & Insurance Services a call. We can help guide you through the buying process, ultimately making the process as smooth and easy as possible. 

What Factors Affect RV Insurance Costs?

Various factors affect the cost of RV insurance. Some are under your control – others aren’t. Greater awareness of how RV insurance costs are determined can help you save money on coverage. Here are some of the main factors that can affect policy costs.

RV Use

How you use your RV will determine the insurance coverage you need and subsequent costs. If you live in your RV year round, you may need more extensive coverage than someone who uses their unit for recreational traveling in the Santa Monica, CA area. Getting the right insurance coverage is essential to protect you and your investment. At Express Financial & Insurance Services, we can personalize your RV insurance to suit your needs at a price you can afford.

Deductible

The higher your insurance deductible, the lower your premium costs. Before getting a policy with a high deductible, make sure you are financially capable of paying this deductible in the event of a claim. Otherwise, you could be “penny wise and pound foolish” in your decision to raise your deductible to save a few dollars on your premium.    

Discounts

If you’re not taking advantage of discounts on RV insurance, you could be paying too much for your coverage. Many insurers offer discounts to experienced RV drivers who have a good driving history with few accident claims. Membership in an RV association and multiple insurance policies (car insurance, home insurance) could also qualify you for a discount on your RV insurance policy.

Marital Status/Credit Rating

If you’re married or have good financial standing, your insurer may consider you more responsible and less of a risk of causing an accident. This could qualify you for lower rates on your RV policy.

Contact us at Express Financial & Insurance Services, Santa Monica, CA, to learn more about RV insurance options and costs.  

The Benefits of Decreasing Term Life Insurance

As you age, you may be thinking about decreasing your term life insurance policy amount. If you are thinking about doing this, you may be wondering what, if any, benefits there are. At Express Financial & Insurance Services, we want to educate our clients on the importance of increasing life insurance when needed and decreasing life insurance as needed. Here are a few benefits of decreasing your term life insurance policy. 

Lowered Cost

One of the biggest benefits to decreasing your term life insurance policy is the lowered cost. As a general rule of thumb, the lower your policy amount, the lower your premium payments will be. If you are looking to decrease the cost of your life insurance policy, or no longer need to carry as much insurance as you have in the past, lowering the policy limits on your life insurance policy may be a great way to go about doing so. 

Carrying What You Need

Most people need less life insurance as they age. Their children may leave the nest and their home may be paid off. When you have children and/or when you have a home that is not paid off, you should be carrying enough life insurance to pay down your debt and support your family. But when these things are no longer in play, you can decrease your policy amount and only carry what you need. This helps to ensure that you are not over insuring yourself. 

If you are in the market for a new life insurance policy, or are looking to increase or decrease your policy amount, contact Express Financial & Insurance Services. We can help you determine how much life insurance you should have based on your current life expectancy and financial situation. 

What Happens to Life Insurance in the Event of Divorce

Once a couple decides to divorce, there are substantial decisions to be made about asset and debt distribution. One example of an asset is life insurance, a policy that is often used by spouses to protect the other in the event of one’s untimely death and the financial loss it would incur. Costs that need to be met might include paying the rent or mortgage, food expenses, and raising any children. This matter of adjusting life insurance is often overlooked, as the couple is preoccupied with more pressing matters such as custody of any children and adjusting to single life, possibly in a new home, as well.

Divorcing spouses are recommended to keep their life insurance policies active to protect the financial interests of both ex-spouses, as well as any dependent children. However, most couples without children will remove their ex-spouse from the life insurance policy as they don’t want the other to profit in the event of their death.

Beneficiaries can be changed, however. It’s easy to change your beneficiary by calling your life insurance agent and making sure your policy is revocable so the beneficiary can be re-designated.  

Getting Divorced and Changing Your Life Insurance Policy

If you are in the midst of a divorce in Santa Monica, California, contact Express Financial & Insurance Services to learn more about how the asset of life insurance can be fairly changed for you and your ex-spouse, whether or not you have children.

We can help you with all your insurance needs, from auto insurance to commercial insurance. Contact us today at (310) 453-5736 to get a quote.

Fixes for Tight Condo Spaces

If you own a condo in the Santa Monica, CA area, you know that space can be an issue.  There are several ways to tackle space problems and keep from needing stash things in odd places.  The first thing is to train yourself to banish clutter from your home.  You can do this by tossing something out when you bring something new home.  How many things do you own that you haven’t worn or used in years?  It could be time to prune down your belongings.  Start thinking vertically because the walls can do more than hold up your ceiling.  Hanging things from the roof, installing high-rise shelving, pegboards for hanging things, and magnetic strips for knives or other metal items creates instant space.

Use the inside of closet, cabinet, and interior doors to add storage.  Wall-mounted magazine files on the inside of cabinet doors are a great way to store many kitchen or bathroom items.  Purchase some vertical door organizers for the inside of closet and interior doors to create instant storage for shoes, cleaning supplies, light bulbs, batteries and more.  Door organizers come in different shapes, so you’ll have choices of the best fit for your unique needs.  Today, containers come in various styles, materials, and shapes.  Inexpensive fabric storage boxes are perfect for all kinds of items that can be stacked on shelves inside closets. Viola!  Your stuff is organized and containerized with a beautiful appearance. 

Express Financial & Insurance Services

Express Financial & Insurance Services is a unique agency because they are an independent company providing insurance coverage to those in the Santa Monica, CA area.  What this means for you, is finding the condo insurance you need at the best price possible.  Don’t wait, contact an Express friendly agent today.

Why Families Need To Explore Life Insurance

One permanent thing about life is risks, many of which are most often unavoidable. That doesn’t leave us helpless because there is something we can do something about it.

Life insurance is an indispensable tool in protecting a family’s economic welfare if a partner or parent dies. Life insurance is designed to pay loved ones a tax-free single sum death benefit if the insured party dies. The benefit should be sufficient enough to allow them to have a reasonable life free from serious financial worry.

The sum can be used to pay off debts, cover the cost of education, pay for medical expenses, and even pay for a home. Life insurance doesn’t save the life after a breadwinner, but it can save the lives of their dependents.

Life insurance can also protect a business. The death of a business partner may have far reaching effects on a company’s operations, and life insurance can aid the surviving partner in preventing the business from folding. Life insurance can provide the necessary funds that will enable the surviving partner to buy out the deceased partner’s share. Also, the deceased partner’s family will receive full compensation when they sell their share of the company.

There are different life insurance policies, such as universal life, whole life, variable life and index life. Each policy is specific and can be tailored to meet an individual’s family needs. Some are cheaper than others, provide protection for specific risks, while some are more focused on the interval between payment of premiums.

The loss of a family’s breadwinner can have a devastating effect on the surviving family members. Ongoing mortgage and rent repayments, education fees, credit card debt and everyday groceries can quickly balloon into an unbelievably high sum. Even the death of a ‘stay-at-home mom can leave the surviving partner with no option but to employ a housekeeper to provide and care for the children. If you are living in Santa Monica, CA, you need to take advantage of the favorable life insurance policies provided by Express Financial & Insurance Services.

Santa Monica, CA, Express Financial & Insurance Services provides quality insurance policies.

 

How To Protect Your Home In Santa Monica, CA

When you live in Santa Monica, CA, it’s vital that you do all that you can to protect your home. At Express Financial & Insurance Services, our goal is to help you find a good home insurance policy. With a strong policy, you can file a claim with confidence knowing that insurance will take care of most of the financial aspects.

Secure Your Home

You should have a security system on your home. This includes sensors on the doors and windows so you know if they are opened. It should be monitored as well, thus telling you what’s going on, even if you are not at home. Systems are more advanced than ever before and you should have at least something in place.

Create a Home Inventory

If someone breaks into your home and steals something, you want to know what it is. Some items might be obvious while others might not be. A home inventory is a great way to protect your home in Santa Monica, CA. You go room by room to list all that you own. From there, take photos of high-value items and ensure that values are attached to them all. It makes it easier to get the right insurance and helps with filing a claim later on.

Choose the Right Insurance

There are all sorts of options when it comes to homeowners insurance. You want to make sure that you choose a comprehensive policy with a good insurance company. By working with an independent insurance agent, you get the help throughout the entire process. You can then enjoy peace of mind knowing that your home is protected to the highest level.

When you want to discuss home insurance and get the help from a professional insurance agent, contact us at Express Financial & Insurance Services so we can work with you.