California, with its picturesque landscapes and bustling cities, has long been a beacon of opportunity and innovation. However, beneath its surface lies a complex challenge that many Californians face: a hardened property insurance market. In recent years, the state has witnessed a surge in insurance premiums, policy cancellations, and stricter underwriting standards, leaving homeowners and businesses grappling with uncertainty. In this blog post, we’ll explore the underlying factors contributing to California’s hardened property insurance market, drawing insights from reputable sources to she ..read more

On account of climate deviation, fires are becoming more widespread and frequent, which is a threat to vegetation, wildlife, people, and their property. Specifically, the risk of wildfires has increased in locations with warm and arid temperatures. More than 71 million residences in the United States are in danger of being consumed by wildfires as scorching temperatures fuel them.  Wildfire Risk in Southern California When talking about wildfire risk in California it’s important to start with history. Although wildfires have always occurred in the state, they have become more prevalent no ..read more

Cyber security is becoming a serious issue for businesses as cybercrime gets more complex and prevalent, especially with scattered teams and the advent of the blended work environment. Cyber attacks impact all web users, including individuals, businesses, and large corporations with an increase of over 300,000 complaints in 2020 from 2019 according to the FBI 2020 Crime Report Cyber insurance or cyber liability insurance provides businesses with the security they need to run online services without the risk of important data being disclosed, stolen, or replicated and can assist startups in cas ..read more

3 Tips on Recovering from an Earthquake’s Aftermath   Unlike wildfires or hurricanes, there isn’t a predictable season for earthquakes. There has been the use case of probabilities, but, certainly never a forecasted or prewarning system available.   “About 5,000 earthquakes of varying severity occur on Earth in any given year. Over the last 100 years in the U.S., while seismic activity is most commonly associated with California, earthquakes have occurred in 39 states, and have inflicted damage in all 50 states. Indeed, in some areas, such as Oklahoma, where fracking is being us ..read more

What are the two most important things to know about earthquake insurance?   Most home insurance policies do not cover earthquake damage. Even if you don’t live in an area where earthquakes are common, you may still need earthquake insurance. Earthquakes have occurred in 39 states since 1900, and about 90% of Americans live in areas considered seismically active. For many of our neighbors in California, earthquake insurance can be inexpensive – contact us, to figure out what the costs would be for your home.    Earthquake Insurance Can Have Many Options   Most homeowner ..read more

Insurance coverage is a host’s most critical companion when operating your rental business. It can have a dynamic effect on a homeowner’s bottom line and could be the sole plan of continuation in the event of a financial loss.  As of 2022, Airbnb has rolled out, the upgraded protection for hosts coined, AirCover. A protection program consisting of both the host liability and host damage protection (property damage) for the bookings completely free of additional charge.  An expansion not just to coverage, but also an upgrade to customer service according to Bloomberg. Here are a few o ..read more

First-time home buyers generally find the task of purchasing property to be quite exhausting. Going to open houses, applying for mortgages, preparing the move and so much more. Once an offer is accepted the pressure is on.  One of the most overlooked tasks is taking the time to find and prepare your homeowners insurance ahead of schedule. Since this is also a complex product and takes some time to understand, it’s a great practice to get a head start. Here are some tips below and a short process that can be useful for the first-time homeowner.    How should a first-time home buy ..read more

Stock Throughput (STP) is an insurance policy made specifically for a business with operations related to; Importing, manufacturing, assembling, producing, or distributing products. It is insurance coverage that will cover your firm’s products from the time they are created to when they reach the customer’s hands. A company’s cargo or inventory is insured throughout the distribution chain, from manufacturing to the end destination, without needing to rely on the responsibility of others, thanks to a Stock Throughput Policy. A Stock Throughput Policy can cover all transportable items, such ..read more

Commercial earthquake insurance in California has always been an unusual and very much undesirable topic to discuss when it comes to purchasing or whether the cost makes sense. Most investors are typically looking at their bottom line when it comes to exploring yet another property insurance product, but, when finding out how much it costs tends to rule out most of the crowd. It’s difficult to equate the price for something that only covers one peril, right? Given practically all statistics and the type of structure in question, at what price would you consider this to be worthwhile? If t ..read more

You may have heard the term home-sharing before and it’s also possible that it’s something you’re already very aware of. Short-term stays on home-sharing platforms like Airbnb, VRBO, and several others unmentioned, provide homeowners a way to rent out their homes for a daily, weekly, or typically short period as a vacation or short-term stay – Hence the BNB in AirBNB. This can be a lucrative opportunity, and homeowners have made thousands of dollars from short-term rentals.  However, there’s been a great deal of controversy with regard to primary homeowners or landlord insurance for this ..read more