Why Buy Earthquake Insurance? Because most Homeowners' Insurance policies do NOT cover Earthquake damage......

Earthquakes are real concerns for homeowners, especially in California. However, most homeowners' insurance policies do not cover damage and loss caused by earthquakes. After an earthquake, a family might not be able to live in their home for weeks or even months. This can be devastating for a family already affected by a natural disaster—and it's why many families opt to purchase earthquake coverage.

Homeowners often imagine that earthquake coverage is too costly, choosing to take on the risk of extensive damage to their homes. But that doesn't have to be the case. Let us quote your Earthquake insurance policy through our multiple carriers ensuring the best pricing available in San Diego, Carlsbad to National City Ca. Packaging a Earthquake policy with your Homeowners can also get a bundling discount with many carriers. 

Here are a few things to consider when seeking residential earthquake coverage:

• Do I really need it? That's a question only you can answer. However, if you live in California, and earthquake insurance would give you greater peace of mind, there's no reason not to get a quote. Once you have a quote, you can make the right decision for your family based on accurate information.
• How can I avoid overpaying? Many insurance companies simply base earthquake insurance premiums on the construction and value of your home. Families with homes built on sturdy ground save money, instead of paying the higher rates charged by other insurers who group all homeowners together by zip code, regardless of soil type.
• What if I'm not near a fault line? The 1994 Northridge earthquake occurred on a fault line that no one knew about. New faults continue to be discovered, so there's no guarantee that an area is immune to earthquake risk. However, if you're not near a known fault, your costs are likely to be lower.
• How can I tell if my home is at risk? Nearly every home in California has some risk of earthquake loss. The best way to gauge your risk is to talk with a qualified broker. Over time, we've seen that some homes—and homes in certain areas—are more likely than others to suffer total losses, while others sustain lesser damage. An earthquake insurance broker will understand these variables and be able to help you make the right determination for you.
• How much coverage do I need? As a starting point, think about what it would cost to rebuild your home after an earthquake. You can work with your agent to determine specific coverage limits for your home, personal property and living expenses if you can't live in your home after an earthquake. You and the agent can also work together to determine a deductible that makes you most comfortable. 

Give Taylor Company Insurance a call today to get a quote on Homeowners insurance with Earthquake coverage 619.477.6330

http://taylorautoinsurance.com/

http://www.eqhomeowner.com/why-buy-earthquake-insurance

• 
  

Answer to a common question, how age affects Auto Insurance rates?

How Age Affects Auto Insurance Rates

Teen Drivers and New Drivers

Teenagers and other new drivers are subject to much higher costs because they are statistically found to be less safe on the road than drivers with a few more years of experience.

The higher rates for young drivers and other new drivers are based on convincing data that these groups are more likely to be in accidents. The Insurance Institute for Highway Safety (IIHS) provides the following information on teen drivers in the United States:

• -Teenagers driver fewer miles than most adults but have much higher crash and death rates.
• -The rate of accident-related deaths per mile among 16 to 19 years old is 3 times higher than for drivers over 20 years old.
• -The rate of crash-related deaths per mile among drivers 16 and 17 years old is 2 times higher than it is for drivers 18 and 19 years old.
• -Teens are less likely to drink and drive than adults but are far more at risk of getting into a crash when they do.

Teens and new drivers are likely to be in accidents because of their inexperience compared to mature drivers. Additionally, teens:

• -Have a greater tendency to speed.
• -Are less likely to realize that they are in a serious situation.
• -Are more likely to tailgate the car in front of them.
• -Are less likely to wear their seat-belt each time they get behind the wheel.

• Adult Drivers & Auto Insurance

  From the time you turn 25 years old until the time you turn 65 years old, your car insurance rates are likely to gradually decrease as long as you maintain a good driving record.
  Additional factors that are more important than age during these years include:
• -What kind of car you drive.
• -Where you live.
• -How many miles you drive.
• * Possible savings of 30% when bundling your Home and Auto insurance policies. 
• Call Taylor Company Insurance & Financial Services in San Diego, National City Ca 91950 to find out. 619.477.6330
• http://taylorautoinsurance.com/
• http://www.dmv.org/insurance/how-age-affects-auto-insurance-rates.php
• 
  

Don't trip over pennies and lose thousands on a Homeowners Insurance claim!

Actual Cash Value vs. Replacement Cost

Don't trip over pennies and lose thousands on a Homeowners Insurance claim! Be sure your Homeowners policy has "replacement cost" on dwelling and contents (personal property). If not you may be setting yourself up to lose thousands during a claim. 

What is "Actual Cash Value"?
The term ACV or "actual cash value" is not as easily defined. Some courts have interpreted the term to mean "fair market value," which is the amount a buyer would pay a seller if neither were under undue time constraints. Most courts, however, have upheld the insurance industry's traditional definition: the cost to replace with new property of like kind and quality, less depreciation. Courts have varied in their rulings as to whether or not depreciation includes obsolescence (loss of usefulness as a result of outmoded design, construction, etc.).

What Does "Replacement Cost" Mean?
The term "replacement cost" is defined or explained in the policy. Simply stated, it means the cost to replace the property on the same premises with other property of comparable material and quality used for the same purpose. This applies unless the limit of insurance or the cost actually spent to repair or replace the damaged property is less. Refer to your policy for the exact definition and explanation of replacement cost.

So What's the Difference?
The difference between replacement cost and actual cash value is a deduction for depreciation. However, both are based on the cost today to replace the damaged property with new property.   

Replacement cost coverage costs dollars a month extra. That being said let's say you have $100,000 worth of contents (personal property) lost in a fire. Under ACV your depreciated amount could be 60% due to depreciation giving you a $60,000 payout on your $100,000 worth of items. Under Replacement Cost your $100,000 in contents would be payed out $100,000. So under ACV you would lose $40,000 worth of contents. Is $40,000 loss worth saving a couple hundred a year? 

Bundling your Home and Auto insurance policies can save up to 30%, call us to find out. We specialize in San Diego, Carlsbad to National City Ca. We also can provide Earthquake and Flood insurance to compliment your Homeowners policy.

Taylor Company Insurance & Financial Services

2504 Transportation Ave Ste A
National City, Ca. 91950
Office: 619.477.6330

Fax: 619.477.1882

Website: www.taylorhouseinsurance.com