Condo Insurance Individual vs. Association Coverage

Condo associations in Diamond Bar, CA are required to provide property insurance on the common areas of their condominiums. This insurance only covers the exterior walls of individual buildings or units. Association insurance also covers any common use areas and any bodily injury which occurs within these common areas. Condo association insurance does not extend to the condo owner’s personal property or even the interior walls.  

This is why condo owners should consider purchasing their own individual insurance.  Western Insurance Marketing Corporation can help condo owners find the right type of individual insurance to help protect their property and belongings. An insurance policy for condo owners in Diamond Bar, CA includes the option to purchase individual insurance which will protect them from damage to their unit and personal possessions.  

What types of damage can be covered with a personal condo insurance policy?

  • Fire
  • Lightning
  • Windstorm
  • Smoke
  • Vandalism
  • Malicious mischief
  • Theft

Western Insurance Marketing Corporation can also help condo owners find a policy to cover them in case there is an injury to another person inside their condominium because association insurance only covers injury in the common areas of the condo complex or neighborhood.  There are also options to protect owners against water damage to interior walls, floors, or ceilings since the condo association coverage ends at the exterior walls.  

Where condo associations carry insurance to help protect them from damage, theft and bodily injury in any commonly used areas of the complex like a gym or a swimming pool, this coverage ends at the door of the individual condo units.  

Please visit us for more information about individual condo insurance coverage. Contact one of our agents to discuss your options for insurance and begin the process of purchasing a policy that is right for you.

Life events which require that you update your life insurance

Experts recommend purchasing life insurance when you are young and the rates are lower. Lives change, however, and the younger you are the more likely you are to experience life-changing events. When something significant happens in your life it is a good idea to update your life insurance. Having a personal relationship with your insurance agent makes it easier to sit down and discuss your life insurance. At  Western Insurance Marketing Corporation in Diamond Bar, CA we try to provide individual coverage tailored to your needs. 

Buying a home

A home is the biggest investment most people ever make in their life. Chances are you have a mortgage. You should take a look at your life insurance to make sure that you have enough to make sure that those you leave behind won’t have to make a decision to sell the home unless they want to. 

Getting married

When you get married placing your spouse’s name as your beneficiary is something you will want to do. You may want to add additional insurance to allow your spouse to have the time they need to recover without the stress of needing to earn money in the event of your passing.

Having children

Children will change your life forever and raising them and getting them through college can be expensive. Hopefully, you will be there to support them but in the event, you are not, having enough life insurance means taking a good look at the numbers and the years involved.

Other things such as divorce, remarriage, retirement, and death of a spouse are all events that affect your need to change your life insurance. The team at  Western Insurance Marketing Corporation in Diamond Bar, CA is here to help you with your life insurance needs. Give us a call to set up an appointment. 

How to choose auto insurance for teenage drivers

Having a new first-time driver in your home can be both worrying and exciting at the same time. Younger inexperienced drivers are at higher risk of getting involved in accidents in the vast Diamond Bar, CA than their parents. Of course, the first thing you would want is to make sure you get it correct is ensuring that your teenager is safe on the roads by having enough auto insurance coverage, a valid driving license, and proper driving lessons. 

So which coverages should you opt for? Are there special coverages for first-time drivers? How much liability coverage should you go for? There are so many unanswered questions when it comes to teenage driving, but don’t worry because Western Insurance Marketing Corporation is here to take you every step of the way. Here are a few tips to help you buy auto insurance for your teen.

Involve your teen in your insurance discussions

The first step in training your teen driver to be a responsible driver is involving him or her in your insurance discussion. Let your teen learn that insurance can be expensive if they are not careful while driving. Not following the set regulations and traffic rules can result in penalties and license suspensions.

Buy insurance from your auto insurance company

Instead of finding another insurance company to insure your teen, call your auto insurer and add your teen to your policy. Most insurance companies offer discounts for insuring more than one vehicle.

Focus on liability

Young adults, particularly male drivers, require a higher limit when it comes to liability coverage. They tend to explore the world of driving more than female drivers and may engage in activities that may put their safety in danger. If your teenager is found at fault in an accident where the damages and injuries exceed their insurance limits, you will be held financially responsible.

The law requires all drivers, whether teenagers or seniors in Diamond Bar, CA, to have a minimum insurance policy. At Western Insurance Marketing Corporation, we help parents keep their young drivers safe. Contact us for more information!

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.