The Importance of Business Interruption Insurance as Part of Commercial Insurance Policies

Business interruption insurance is a type of commercial insurance coverage that can prove to be extremely valuable for so many reasons. When you are talking about business interruption insurance, it sounds exactly like it is written. This is a type of insurance coverage that can really help you be sure you can keep the lights on with your business, keep things going, even when you are not able to open day to day.

The prime example and candidate for someone who can benefit from business interruption insurance is a restaurant. Most restaurants need to be open and continue to have a revenue stream coming in to survive and remain profitable. If a restaurant has to shut down for a few months or even a few weeks, it can leave them in a position where things will quickly fall apart.  

When you are buying business interruption coverage, you are going to be putting yourself in a position where you can have income coming in from your insurance claim, even when your restaurant cannot open. If you have a fire that shuts down your restaurant, business interruption coverage can help to keep your business whole while you are putting everything back together. Running a business in Diamond Bar, CA is hard and the better your coverage, the more safeguarded you will be from losses.

With business interruption coverage, you are going to be putting your business in a position where it does not have to worry so much about major losses or downtime, as well as those losses are covered. Working with the Western Insurance Marketing Corporation can help you to understand the policy, the coverage, and where you can ramp up your business interruption protection for now and the future.

Does my motor home insurance cover possessions?

Mobile homes often provide a lower-cost method of homeownership while allowing buyers the flexibility of relocating the home to a new site at a future date. Mobile home insurance is not unlike traditional homeowners insurance but takes into account the unique needs of the dwelling. To customize your insurance coverage and review your options, speak to an agent at the Western Insurance Marketing Corporation serving Diamond Bar, CA.

Structural damage and liability

For a mobile home, dwelling coverage provides compensation if your home is damaged in certain disasters, such as a weather event or flood. For example, it would repair your roof if it is hit by falling debris in a high wind.

Another basic benefit of a mobile home insurance policy is liability protection in the event of an injury in your home. It also covers the medical expenses of a person hurt in a home accident.

Add on coverage

When you invest in additional property for your mobile home property, such as a detached carport, sheds or a porch, more coverage can be purchased to protect your investment.

Personal property coverage

A standard mobile home policy contains a degree of personal property coverage. This means your possessions are protected, from furniture to electronics and other home goods. Coverage typically kicks in after you meet the deductible on your policy. For example, $2,000 in property damage on a policy with a $500 deductible would mean you receive $1,500 toward the replacement of your property.

A basic policy typically provides a predetermined amount of coverage that may or may not reach the dollar amount necessary to cover all your belongings. Assess the value of your possessions regularly and up your coverage as needed.  

To further discuss mobile home protection and policy particulars, contact the Western Insurance Marketing Corporation serving Diamond Bar, CA.

Do Dirt Bikes Need Motorcycle Insurance?

When it comes to insurance, there is a product for every type of need. This includes automobiles, motorcycles, and even dirt bikes. A dirt bike is very similar to a motorcycle and therefore can usually be covered with the same type of insurance as a motorcycle.

Covering a Dirt Bike

A dirt bike is usually intended for recreational off-road use, but it can be covered with motorcycle insurance or a more specialized type of insurance specifically intended for dirt bikes. To determine which option works best for a particular situation and region, be sure to speak with an insurance agent in the area. They can help define the limits of coverage and help discover which options are available and can provide the right coverage.

Working With an Agent

The best way to get the right type of coverage is to work with a licensed insurance agent. They can help you discover options and tailor a policy to match the current needs and help avoid gaps in coverage. They can also help with filing paperwork as well as any future claims. Those who are searching for or insurance in Diamond Bar, CA, should consult with Western Insurance Marketing Corporation to get answers to questions and find a policy that works. 

Owning a dirt bike can pose unique risks and insurance coverage should anticipate those potential threats. Residents of Diamond Bar, CA can rely on the services of Western Insurance Marketing Corporation to help them through the process of shopping for a policy and protecting their investment. Call or stop by the office today to speak with an agent or schedule an appointment. 

Are Your Boat’s Contents Protected with Boat Insurance?

Californians enjoy the natural beauty that area lakes offer.  While you need to protect the investment you made in your boat, you may wonder if your personal possession and the other contents of the boat are protected.  The agents at Western Insurance Marketing Corporation work with boat owners in the Diamond Bar, CA area. 

While boat insurance policies primarily provide liability coverage and can help you get repairs when the boat is physically damaged.  The policy should also cover all of the boat’s contents.  This includes personal possession and sporting equipment.  This can help you recover faster if there is an accident or vandalism.  But boat policies go beyond this.  The liability policy goes into effect if someone is injured on the boat.  It will also cover damages to mechanical equipment.  While you are considering boat insurance policies with your agent, you’ll need to decide whether you want a policy that stipulates an ‘agreed value’ or ‘actual cash value’.  With ‘agreed value’, the policy will state exactly what it will pay out if the boat is destroyed.  Policies with ‘actual cash value’ base on the boat’s original value factoring in depreciation. 

The most important thing is to talk with your agent about your coverage options.  You may consider a policy that protects you from underinsured/uninsured boaters.  If you only use the boat once a year, your agent may have options to keep premiums low.  There are a lot of insurance options for boaters, from small lake crafts to sea-going yachts. 

In the Diamond Bar, CA area, our agents at Western Insurance Marketing Corporation are ready to help you with insurance for your boat.  Visit the website, then come in to talk with an agent.  Protecting your boat and personal possessions starts the day you get coverage.  Come see us today!

Who needs to carry umbrella insurance

Living in Southern California is what many people dream of. Owning a home or car in the area is a major investment and it can leave you wondering if you need and can afford umbrella insurance. Diamond Bar, CA has a great location convenient to both Los Angeles and Pasadena and probably requires a vehicle to get around. At Western Insurance Marketing Corporation we have a knowledgeable team that can help you to determine if umbrella insurance is something that you need and can afford.

Umbrella insurance is excess liability coverage. It is a policy that you purchase to supplement your home or auto policy. The liability limits on most basic policies are rather modest when you consider the amount of the judgments that are routinely handed down. If you are involved in litigation, your umbrella policy can help with legal expenses as well as the judgment if it goes beyond the limits of your home or auto policy. Typically an umbrella policy offers between one and five million dollars in excess liability coverage. These policies are very affordable given the peace of mind that they provide. 

If you don’t have an umbrella policy and you are sued, your insurance will pay up to the maximum on your policy. If the judgment is more than the maximum then the liability for that amount falls on you personally. If you have assets like a home or savings, you could lose them. If you don’t have enough assets. your future earnings and assets can be garnished and you could be looking at a very grim future. Is it worth it not to carry umbrella insurance? 

If you think you may need umbrella insurance, Western Insurance Marketing Corporation in Diamond Bar, CA would love to sit down with you and discuss this important coverage. Give our office a call or stop by and let us help you to get the coverage you need. 

When to Buy Flood Insurance

You worry about your friends and family, but you can’t always protect them. When you hear that floods are one of the most prevalent natural disasters in the United States, then you know you want to do everything you can to protect them. With flood insurance, you can do just that. Western Insurance Marketing Corporation, serving Diamond Bar, CA and the surrounding areas, is an independent insurance agency that can help you get flood insurance for your protection.

When Do You Need Flood Insurance?

Flood insurance is important to have even if you don’t live in a flood zone. It is best to have a policy in place before a flood happens, so you won’t have to pay for damages out of your own pocket. Generally, there is a 30-day waiting period once you’ve purchased flood insurance, but there are exceptions.

  • If a building is revised and designated to be located in a high-risk SFHA (Special Flood Hazard Area).
  • If you purchase flood insurance during the time that you refinance your mortgage.
  • While renewing your insurance and adding a flood option to your policy.
  • If your property is on burned federal land and it becomes flooded, then there is no waiting period depending on the policy purchase date.

What You May Not Know about Flood Insurance

You may think that because you have homeowner’s insurance that you are covered for floods, but this is not always the case. Examine your homeowner’s policy carefully to make sure that natural disasters, including floods, are covered. Your policy could just contain language that a flood is covered as a direct result of a leak or sewage backup.  

Protect yourself from floods by purchasing insurance. Talk with the agents in Diamond Bar, CA at Western Insurance Marketing Corporation to set up flood insurance for you.

Benefits of getting health insurance in California

Most people in the Diamond Bar, CA area know that they need to have proper insurance in place. While many people focus on having a good home, auto, and life insurance policy in place, the most important form of insurance to have is health insurance. There are many different benefits received when you get health insurance in California. 

Assists with Healthy Lifestyle 

One of the main benefits of having health insurance is that it will help assist with a healthy lifestyle. When you have health insurance, you will have access to primary care physicians and other forms of healthcare providers. This will ensure that you are able to receive healthcare when you need it and can learn more about your physical health. This will help to put you on track towards living in an overall healthy life.

Ensures Legal Compliance

Unlike other forms of insurance, having health insurance is actually a requirement under the law. Today, all people are required to have at least a minimum level of health insurance. If you do not have this form of insurance, you will end up being penalized when you file taxes and are not able to provide evidence of compliance. Having health insurance will help you to avoid this penalization.

If you do not have health insurance in the Diamond Bar, CA area, it is clearly very important that you get it as soon as you can. When you are ready to start shopping for health insurance, you should reach out to the team at the Western Insurance Marketing Corporation. When you call the Western Insurance Marketing Corporation, you can be assured that you will get the advice and guidance that you need to choose a quality health insurance policy that provides you with the right protection. 

 

 

Why comprehensive Condo Insurance is the way to go in California

California condo owners have a lot of insurance policy options available to them, but it can be difficult to determine which is the most appropriate policy, and which policy levels are sufficient. If you are a condo owner in the greater Diamond Bar, CA area and have questions about your condo policy, the team at Western Insurance Marketing Corporation is here to answer any questions that you may have about securing the right condo insurance policy for your needs. There are many options available, and it’s important to hold a condo policy that provides adequate protection.

Why comprehensive condo insurance is often the right move

Owning a condo is a great way to enjoy an active lifestyle without having to worry about home upkeep and maintenance. But just because you live in a condo it doesn’t mean that you are 100% worry-free. There is always the risk of damage to your unit, and even when it is caused by another resident, it is likely that you will be financially responsible for repairing any damage that occurs within your own unit. With comprehensive insurance, you can ensure that you have the coverage that you need and at the appropriate level. There are a lot of factors in life that we can’t control, and having insurance protection can make those events a lot less stressful! Comprehensive condo insurance is a great way to enjoy condo life and have the peace of mind that you gain when you know you and your unit are protected!

Are you a condo owner in the greater Diamond Bar, CA area? Call or stop by Western Insurance Marketing Corporation today and learn more about the insurance policy options that are available to today’s California condo owners.

How Does Life Insurance Work with Diamond Bar, CA Retirement Plans?

Diamond Bar, CA life insurance can work well with your retirement plan. However, figuring out how to fit life insurance into your retirement requires careful consideration. At Western Insurance Marketing Corporation, we want to empower you to make an informed choice when it comes to picking the right life insurance plan to complement your retirement.

Using a Whole Life Insurance Plan to Pay for Your Retirement

Whole life and other types of permanent life insurance policies can accumulate cash value and possibly interest. Depending on the terms of your whole life policy, you may have the ability to borrow against or make withdrawals from the cash accumulation. Interest, dividends, and tax-free cash can become a source of funds for your retirement.

The main caveat with using cash accumulation is you need to pay it back. If you do not pay it back, your death benefits can have a payout reduced by the amount borrowed. Nevertheless, some permanent life insurance types can payout to you, rather than you borrowing.

Other types of permanent life insurance options can include features that allow you to make use of your plan as a retirement tool. Another option includes turning the life insurance plan into an annuity. An annuity provides a way to transform policy into fixed payments during your life, and sometimes beyond.

Life insurance policies vary a great deal, so you will need to discuss what you want from your policy with professionals. Keep in mind a retirement plan can require a tremendous amount of strategizing. Fitting your life insurance into that plan can work for you if you go about the process the right way.

Western Insurance Marketing Corporation in Diamond Bar, CA can help you figure out which life insurance policy will work best in conjunction with your retirement plans. Contact us today to learn more about our life insurance options.

How Does Health Insurance Help a Diamond Bar Resident?

Having health insurance is extremely important and today it is even a legal requirement to have some form of coverage. While it can come with an additional expense, health insurance is always a good idea to have for those that are in Diamond Bar, CA. A quality health insurance policy can help people a wide variety of ways, which can make it a great investment.

Coverage for Unexpected Issues

While you may be healthy today, there is always the risk that you could get sick and injured. Unfortunately, an illness or injury could cause a major financial setback. When you have health insurance, you will receive coverage for these unexpected events, which could save you considerably. 

Encourages Healthier Lifestyle

Another advantage of getting health insurance is that it will encourage a healthier lifestyle. When you have insurance, you will be able to go to a doctor and receive the assessment and care that you need. This can help you get on the road towards overall physical health, which can help you feel and look great. 

Ensures Compliance

Finally, having health insurance can also ensure that you stay in compliance with the law. Today, all people are required to carry health insurance and they could be penalized if they do not have coverage. When you have health insurance, you will be in compliance with this law and can avoid penalization. 

When a Diamond Bar, CA area resident is looking for health insurance, they should start their search with the Western Insurance Marketing Corporation. Choosing health insurance can be complicated. When you work with the team at Western Insurance Marketing Corporation, you can receive the insight you need to ensure you get a health insurance policy that provides you with the right coverage.