Inflation is hitting everyone where it hurts. From groceries to gas and basic necessities, there aren’t too many things we can count on to stay affordable. Home and auto insurance are no exceptions. If you’re up for renewal, you may have noticed your home and auto insurance premiums are higher—and if you read the fine […]
While every business and industry is impacted by shifting economic conditions, for the insurance industry that ebb and flow will result in what are called “soft markets” and “hard markets.” Macroeconomic conditions force changes in the insurance industry that will either increase or decrease prices for both existing and prospective insurance buyers and will […]
The Golden State is renowned for its beauty, but it’s also well known for various types of disasters. While yearly wildfires take most of the headlines these days, California residents also need to prepare for earthquakes, mudslides, and common issues with water damage, among other potential disasters. While it’s impossible to completely avoid these […]
California is currently a state in turmoil. Fires have ravaged and continue to threaten several parts of the state, making it more dangerous for homeowners and increasing coverage risks for homeowners insurance providers. These issues and more converge to create multiple headaches everyone. Key among them are rising homeowners insurance rates, which ultimately make […]
Californians are buying earthquake insurance at a faster rate than ever before. In 2017, the California Earthquake Authority reported that over 1 million California residents had taken out policies, the highest in its history. A standard homeowners insurance policy will not cover earthquake damage. Fire damage following an earthquake may be covered (a […]
I just want to take a moment to talk about actual cash value versus replacement cost insurance. When your home, personal property or business building is insured, the policy will pay for claims one of two ways. The first way is called replacement cost insurance. Basically, you have replacement cost coverage. The insurance company […]
Do you remember this moment in your own life? Daniel had just gotten his first paycheck. He had kept track of the hours he’d worked and calculated exactly how much he’d earned in his first pay period. (And made plans on what to buy with the money!) But when he ripped open the envelope, he […]
