Friday, January 6, 2017

Did you know majority of Homeowners insurance will NOT cover Flood claims?

Majority of Homeowners insurance policies do NOT cover Flood. With the large winter storms pounding the western United States now is a good time to get a policy review and see if Flood insurance is right for you.




A series of powerful storms is set to soak California over the next week, bringing heavy rains, flooding risk in some creeks and 10 feet or more of new snow to the Sierra Nevada — the latest sign that the stranglehold of the state’s five-year drought is significantly weakening.

Related Articles

Storm soaks Bay Area, and more rain is on the way
Bay Area storm: How much did it rain in your city?
California storm tracker maps: Weather updates for Bay Area and statewide
At least three storms are forecast to crash in from the Pacific Ocean, weather forecasters said Tuesday, dumping 3 to 4 inches of rain on most Bay Area cities by next Monday, and 8 to 10 inches in the Santa Cruz Mountains, Marin hills and Big Sur coast. Friday may provide one dry day, but otherwise, every day this week should be wet, with the hardest rain on Saturday, forecasters said.
“It’s not a lot of little storms,” said Jan Null, a meteorologist with Golden Gate Weather Services in Saratoga. “These are significant rain producers.”

Steady rains since October, combined with near-normal rainfall last winter, have all but ended the drought in some Northern California areas, particularly on the coast.

SJM-DROUGHT-0104-90As of last Thursday, 58 percent of California was classified as being in “severe drought,” down from 88 percent a year ago, according to the U.S. Drought Monitor, a weekly report issued by the U.S. Department of Agriculture, the National Oceanic and Atmospheric Administration and the University of Nebraska.

Much of Northern California, including San Mateo, San Francisco, Marin and every coastal county to the Oregon border, along with northern Santa Clara and northern Santa Cruz counties, are no longer classified as being in drought conditions at all for the first time in four years, according to the Drought Monitor, which analyzes precipitation, soil moisture and other factors.

But other parts of California, notably Santa Barbara and Ventura counties, and the southern San Joaquin Valley, which have not seen consistent rain in recent years, are still classified as being in exceptional or extreme drought.

Reading this on your phone? Stay up to date on the drought, winter storms and other news with our free mobile app. Get it from the Apple app store or the Google Play store.

How stark is the difference? All seven reservoirs owned by the Marin Municipal Water District were full to the top Tuesday. But 350 miles to the south, Lake Cachuma, a primary source of water for the city of Santa Barbara, was only 8 percent full. On Jan. 1, the Santa Barbara City Council imposed a ban on all lawn watering to conserve dwindling supplies, even after residents cut water use 35 percent last year. Construction to reopen Santa Barbara’s ocean desalination plant, which closed 25 years ago after the last severe drought ended and its water costs were too high, is set to be complete by March, which will help boost the city’s perilous water outlook.


The northern part of the state is in much better shape.

As of Tuesday afternoon, San Francisco was at 102 percent of the historic average rainfall for this date, with Sacramento at 150 percent, Eureka at 163 and Oakland at 110 percent. San Jose was still at 84 percent, after missing some of the big October storm action. On Tuesday, the heaviest rains were in the North Bay, where many communities received an inch or more. Parts of the Santa Cruz Mountains received up to 2 inches.

All the rain has boosted reservoir levels. The 154 reservoirs tracked by the State Department of Water Resources held 21.5 million acre-feet of water at the end of December — 98 percent of their historic average for Dec. 31.

“Precipitation and storage are doing quite well compared to the past five years of historic drought conditions,” said Bill Croyle, acting director of the state Department of Water Resources. “That makes us cautiously optimistic about water conditions, although some areas in California are still hit hard by the drought and require a response.”

The turnaround from a year ago is breathtaking. Shasta Lake, California’s biggest reservoir, near Redding, is at 118 percent of its historic average, up from 50 percent this time last year. And Lake Oroville in Butte County, the second largest in the state, is at 91 percent of historic capacity, up from 47 percent a year ago.

Because of the significantly different conditions around the state, the administration of Gov. Jerry Brown is expected to ease drought rules in the next two weeks, releasing new rules that will assign a water conservation target to each city, water company and water district, based on the amount of rainfall it has received, along with other factors, such as groundwater and reservoir levels.

“We’re seeing vast improvement in water supply conditions over much of the state this winter,” said Max Gomberg, a climate and conservation manager for the State Water Resources Control Board. “It’s a really promising sign of recovery from this drought. However, there are parts of the state that are still feeling the effects of the drought, and are still short of water.”

Gomberg said that it’s likely the new rules, which the state water board is scheduled to vote on Feb. 7, will permanently lock in some conservation measures that grew out of the drought. Those likely will include a requirement that the 410 largest cities, water companies and water districts in California continue to publicly report their water use to the state every month, and that wasteful water practices, such as hosing down sidewalks or washing cars without nozzles on the hose, are permanently banned.

Some cities with ample water supplies will have no numerical conservation target from the state, he said, while others in drier areas will.

This week’s rainy weather is already affecting the Sierra Nevada mountains, where the snowpack makes up about one-third of California’s water supply.

Between Sunday and Tuesday afternoon, 3 feet of new snow fell at Squaw Valley ski area near Lake Tahoe, and 2 feet had blanketed the ground at Sugar Bowl and Heavenly resorts.

State officials held their first manual snow survey of the year on Tuesday. And although the snowpack in the Sierra totaled just 70 percent of the historic average for Jan. 3 — due to warm storms in weeks past — those totals are expected to jump significantly in the days ahead as the new storms dump up to four feet of snow by Thursday at higher elevations and perhaps 5 more feet over the weekend.

“It’s early days. We still have three really solid months of winter remaining and a wet prognosis for at least a week,” said Frank Gehrke, chief of snow surveys for the California Department of Water Resources.

http://www.mercurynews.com/2017/01/03/california-drought-first-snow-survey-of-the-year-tuesday-as-big-storms-forecast/

Taylor Company Insurance & Financial Services
Division of Auto & Property Insurance Solutions
Patrick Patterson
President 
Cell: 760.566.8544
Office: 619.477.6330
Fax: 619.477.1882

Tuesday, November 22, 2016

Being thankful on Thanksgiving.....

One of my primary joys of being an insurance broker is the relationship building. Every day I meet new people, learn about them and their journey. I get to listen to stories of travel, family, hobbies, which are all exciting and refreshing. Over time we get to see everyone's family grow, prosper, and listen to new adventurers.

Another part of my job that is gratifying is being able to protect our customers from financial challenges during a car accident, fire, flood, etc. Getting phone calls and emails from our clients letting us know how happy they are when the claims check pays out for the damages incurred is a great feeling!

At the end of the day the things I am the MOST grateful for is my family, friends and health!

From us to you,



Taylor Company Insurance & Financial Services
Patrick Patterson
President 
Cell: 760.566.8544
Office: 619.477.6330
Fax: 619.477.1882


Friday, October 28, 2016

California small business insurance

California small business insurance

If you’re a small business owner in California and you are looking for liability insurance for your business, you have come to the right place! Taylor Company Insurance offers Hiscox for California small business insurance coverage for a wide variety of professional services businesses in San Diego, National City Ca 91950.

Liability insurance available in California 

We don’t offer a one-size-fits-all insurance plan. We tailor our small business insurance in California to meet your needs. Hiscox small business insurance products include:

General liability insurance also known as Commercial General Liability (CGL) protects your business from another person or business's claims of bodily injury, associated medical costs and damage to property.

  • Bodily injury: A client falls over your bag and you are legally liable for the injury. We will cover the subsequent claim and related medical expenses up to your General Liability policy's limits of liability.
  • Property damage and data loss: You spill coffee on a client’s server causing damage and loss of data. We will cover the subsequent claim up to your General Liability policy's limits of liability.
  • Personal injury: One of your employees is at lunch. He talks to the owner of the shop about one of your clients in a false and unflattering way. The client learns of this discussion and sues for slander. We will cover the subsequent claim, up to your General Liability policy's limits of liability, and pay for an attorney to defend you if necessary.

Learn more about general liability insurance in San Diego, National City Ca 91950.

Professional liability insurance, sometimes called errors and omissions insurance (E&O insurance) is coverage for another person's claims against businesses that provide professional and personal services. Some examples of what could be covered are below:  

  • Protection even if you haven’t made a mistake: You advise a client to change some internal processes to increase productivity. The recommendations aren’t implemented as you had specified and productivity subsequently drops by 15% rather than improving. Or if you manage the development of a new product. There are problems with the project (which are out of your control) and you cannot deliver the final product in a timely manner. If your client sues you, we  will appoint an attorney to defend you under a Professional Liability policy.
  • Negligent acts: You advise a client to update their employment practices. Six months later, your client contacts you, stating a part-time employee is suing the company. You had left out a key requirement on the amount of hours part-time employees are permitted to work. If your client sues you, we will appoint an attorney to defend you under a Professional Liability policy.

Learn more about professional liability insurance San Diego, National City Ca 91950.

Business Owners Policy (BOP) is a combination of general liability and business property insurance. BOP insurance is often used to provide balanced coverage for small businesses who also want to protect their own business equipment. Some examples of what could be covered are below:   
  • Office insurance for fire and business interruption.
  • Electronic data loss insurance.
  • Hired or non-owned vehicle liability insurance.
  • Commercial Crime insurance to cover the dishonesty of your employees.

Learn more about business owners policy San Diego, National City Ca 91950.

Example professions we insure in California:


Give us a call to bundle and save on your Business/Commercial insurance policies today! San Diego, National City Ca 91950

Taylor Company Insurance & Financial Services
Patrick Patterson
President 
Cell: 760.566.8544
Office: 619.477.6330
Fax: 619.477.1882

Wednesday, October 26, 2016

Who Needs Commercial Auto Insurance?

Who Needs Commercial Auto Insurance?


Commercial Auto Insurance vs. Personal Car Insurance
When it comes to drivers, vehicles, and purposes, personal drivers don’t have the same kinds of car insurance concerns as do businesses.
Businesses have much higher liability issues; as such, usually they have higher liability insurance requirements or recommendations. Generally, businesses deal with:
  • Employees.
  • Passengers.
  • Work gear.
  • Other people and/or equipment.
Commercial car insurance is typically required to sufficiently cover the above. San Diego, National City Ca. 91950

Drivers Who Need Commercial Auto Insurance

You need commercial auto insurance if you use your vehicle for work or own vehicles operated by a business.
Commercial car insurance coverage isn’t just about big rigs.
Commercial vehicles actually can include what you might consider “regular vehicles,”such as:
  • Cars.
  • Pickup trucks.
  • Sports utility vehicles.
It also branches out to some of the vehicles you might more closely associate with commercial work, such as individual or fleets of:
  • Trucks including, but not limited to, dump trucks, box trucks, refrigerator trucks, bucket trucks, and catering trucks.
  • Vehicles outfitted with work equipment.
  • Utility vans.
  • Limousines, taxicabs, and other livery vehicles.
  • Flatbeds.
  • Rented or leased vehicles.
  • Any vehicle owned or leased by a business, partnership, or other corporation.
Simply put, if you use a vehicle or vehicles for your profession or business (other than commuting to work), it’s likely you need commercial auto insurance.
NOTE: If you use your vehicle for work-related purposes and you aren’t sure if you need commercial auto insurance, ask your insurance agent. San Diego, National City Ca. 91950

What Does Commercial Auto Insurance Cover?

Basically, commercial car insurance covers the same major coverage's private individuals purchase (usually at higher limits); however, there are many add-ons more suited for commercial driving, such as coverage for your:
  • Employees, including fellow employee coverage and broadened and blanket policies that protect additional employees or people for whom your business is doing work.
  • Equipment, including loading and unloading goods.
  • Business, which protects your assets in the event of a lawsuit.
Your auto insurance specialist can inform you of your exact coverage needs based on your business and vehicle use. San Diego, National City Ca. 91950

How to Purchase Commercial Auto Insurance

Basically, you’ll purchase commercial car insurance coverage the same way you’d purchase regular vehicle insurance:
  • Decide whether you’ll work alone, with an agent, or with a broker.
    • Generally, insurance agents focus on one insurance company, while brokers can research several different providers for you but may charge a broker fee.
  • Compare several auto insurance providers. Look at factors such as their financial standings and customer service feedback.
    • Never look at just one provider; always compare at least three quotes.
  • Discuss coverage requirements (liability insurance) and optional coverages.
  • Choose the provider that offers the best coverage for you at the most affordable rate.
  • Purchase your commercial auto insurance plan. San Diego, National City Ca. 91950
Taylor Company Insurance & Financial Services
Patrick Patterson
President 
Cell: 760.566.8544
Office: 619.477.6330
Fax: 619.477.1882

Monday, October 3, 2016

Do you have Earthquake Insurance? Risk of big earthquake on San Andreas fault rises after quake swarm at Salton Sea..................


Now is a good time to go over your Earthquake & Homeowners insurance policy to make sure you are covered in the event Southern California has a large earthquake as many are predicting.


Taylor Company Insurance has many carriers that write Earthquake insurance as either an add on to an existing Homeowners policy or stand alone. Depending on where the home is located the price can vary from $300 - $3,000+ based off location risk. Another price factor is the deductible which is usually a percentage of the total replacement cost of the home instead of a flat increment (ex. $500/1000/5000). Example a $250,000 home with a 10% deductible would cost you $25,000 out of pocket to rebuild the home in the event of total loss. Yes $25,000 is a lot of money, BUT your Homeowners policy does NOT cover Earthquake damage so you would have to pay the full $250,000 to rebuild the home out of pocket without Earthquake insurance coverage. National City 91950

According to seismologists the rumbling started Monday morning deep under the Salton Sea. A rapid succession of small earthquakes — three measuring above magnitude 4.0 — began rupturing near Bombay Beach, continuing for more than 24 hours. Before the swarm started to fade, more than 200 earthquakes had been recorded. National City 91950


“Any time there is significant seismic activity in the vicinity of the San Andreas fault, we seismologists get nervous,” said Thomas H. Jordan, director of the Southern California Earthquake Center, “because we recognize that the probability of having a large earthquake goes up.” That being said Taylor Company Insurance can put together a Home + Earthquake + Auto Insurance package quote for your family with minimal information. 
With many seismologists speaking in terms of "when" not "if" an Earthquake will strike the $300 - $3,000 a year in premium seems like a reasonable cost in  the big picture. San Diego county as a whole has much lower rates than many other Southern California areas. San Diego county is large Carlsbad 92009 to National City, Ca 91950 covers a lot of area so rates will vary. If you are interested in getting a free, no obligation quote for your home please reach out via phone/text/email. National City 91950
Taylor Company Insurance & Financial Services
Patrick Patterson
President 
Office: 619.477.6330
Fax: 619.477.1882
Website: www.taylorhouseinsurance.com
Email: Taylorcompanyinsurancepdp@gmail.com

Wednesday, September 21, 2016

Don't wait until its un-affordable to lock down Life Insurance...

Don't wait until its un-affordable to lock down Life Insurance...

With the large number of millennials starting a family and making first time home purchases Life insurance is an important part of securing your families financial future. There are many factors that affect the price of Life insurance, here is a list of 7 main rating factors (no specific order).

- Age
- Gender
- Smoking (including vaping, medical marijuana)
- General health
- Pre-existing health issues (including maintenance prescriptions)
- Driving record
- Hobbies (scuba diving, sky diving, etc.)

The difference between getting Life insurance in your 20's and 30's compared to 40's and 50's is literally thousands a year for the same coverage amount. Example, a 30 year old perfectly healthy San Diego, National City Ca male with no previous health conditions purchasing a 30 year term with $500k coverage could be $40 month. That same coverage for same person 15 years older could be between $80-200 month or more depending on health at that time.



Why wait? Other bills, busy, don't want to take the medical exams? For the price of a Starbucks coffee daily you could have a solid Life insurance policy covering your loved ones in case of a tragedy. As far as being busy and medical exams most Life insurance companies will send a mobile lab to you at home in anywhere in California including San Diego, National City, Carlsbad, etc or work to complete the 20 minute exam and send in all testing for you at no additional cost. 

Give us a call with any questions or to schedule an appointment to look into your options today.

Taylor Company Insurance & Financial Services
Patrick Patterson
Cell: 760.566.8544
Office: 619.477.6330
Fax: 619.477.1882

Monday, September 12, 2016

Frequently Asked Questions about Flood Insurance

Frequently Asked Questions about Flood Insurance

DOESN'T MY HOMEOWNERS INSURANCE POLICY COVER FLOODING?
No. Flood damage is not typically covered by a homeowners insurance policy.

AM I ELIGIBLE FOR FLOOD INSURANCE?
You must live in a community that participates in the National Flood Insurance Program (NFIP) to qualify for National Flood Insurance. Find out if your community participates in the NFIP and the kinds of NFIP resources available in your community  San Diego, National City Ca 91950

CAN I GET FLOOD INSURANCE IF I'M RENTING A PROPERTY?
If you live in a community that participates in the NFIP, you can get flood insurance to cover the contents of your home or business. San Diego, National City Ca 91950

I LIVE IN A LOW-RISK FLOOD ZONE. DO I REALLY NEED FLOOD INSURANCE?
Even though flood insurance isn't federally required, anyone can be financially vulnerable to floods. In fact, people outside of mapped high-risk flood areas file over 20-percent of all National Flood Insurance Program flood insurance claims and receive one-third of Federal Disaster Assistance for flooding. When it's available, disaster assistance is typically a loan you must repay with interest. A Preferred Risk Policy provides both building and contents coverage for properties in moderate- to low-risk areas for one low-price. San Diego, National City Ca 91950

WHY DOES MY MORTGAGE LENDER REQUIRE ME TO BUY FLOOD INSURANCE?
Under federal law, the purchase of flood insurance is mandatory for all federal or federally related financial assistance for the acquisition and/or construction of buildings in high-risk flood areas (Special Flood Hazard Areas or SFHAs).

The amount of flood insurance coverage required by the Flood Disaster Protection Act of 1973, as amended by the National Flood Insurance Reform Act of 1994, is the lesser of the following:

  1. The maximum amount of NFIP coverage available for the particular property type,
  2. The outstanding principal balance of the loan, or
  3. The insurable value of the structure.

If the property is not in a high-risk area, but instead in a moderate- to low-risk area, federal law does not require flood insurance; however, a lender can still require it. In fact, over 20-percent of all flood insurance claims come from areas outside of mapped high-risk flood zones. Note that if during the life of the loan the maps are revised and the property is now in the high-risk area, your lender will notify you that you must purchase flood insurance.


I'M NOT IN A HIGH-RISK AREA, BUT I'D LIKE FLOOD COVERAGE. IS THIS POSSIBLE?
Yes! You are eligible to purchase a flood policy with the same coverage you would receive if you lived in a high-risk area. That is, of course, as long as your community participates in the NFIP. A Preferred Risk Policy provides both building and contents coverage for properties in moderate- to low-risk areas for one low-price. San Diego, National City Ca 91950

Call Taylor Company Insurance & Financial Services for a quote today! 619.477.6330
San Diego, National City Ca 91950

http://taylorautoinsurance.com/
https://www.floodsmart.gov/floodsmart/pages/faqs.jsp