March 2018

Insurance rate increase – IF YOUR INSURANCE CARRIER IS NATIONWIDE, ALLSTATE, USAA, LIBERTY MUTUAL, OR STATE FARM, YOU SHOULD READ THIS AND CONTACT US TODAY!
Unfortunately, you will soon be experiencing a substantial rate increase if your insurance is placed with Nationwide, Allstate, USAA, Liberty Mutual, or State Farm, expect an insurance rate increase.

Nationwide is increasing their rates 6.2%, with an effective date of April 1, 2018! Seriously, whose side is Nationwide really on?

Allstate is increasing their rates by 6.9%, with an effective date of March 15, 2018! Are you really in good hands?

USAA increased their rates by 6.9%, with an effective date of January 15, 2018! Is that truly serving members?

Liberty Mutual Group increased their rates by 6.0%, with an effective date of March 24, 2017! Hiking rates. That’s their policy. We’re now seeing them in a whole new light.

State Farm’s rates are expected to increase by 6.7%! We think it’s time for a NEW neighbor.

Despite not filing claims and remaining a low risk customer, you may still have noticed an increase in your insurance rates…and again, if you haven’t, you will.

Insurance Rate Increase, WHY?

Insurance companies pay out billions of dollars in claims yearly. Sometimes, they have to pay out more in claims than they make in premiums. To compensate for their lost profits, costly claims, declining investment revenues, and dwindling cash reserves, they have to increase their rates.

Why feel forced to pay more? Allow us the opportunity to complete a thorough analysis on all your options and take advantage of all the available discounts. You make sure you have adequate coverage while taking the path that offers the greatest savings.

Although you can call around dozens of insurance companies, we’ve done the work for you. We can save you time and of course get you into the best coverage at the best price. To find out how much you can save, contact us.

Source: California Department of Insurance – Approved Rate Filings

Glendora Home Remodeling Insurance – Have you been thinking of remodeling or renovating your home?

As spring approaches, homeowners often plan projects. Some want new floors. Others wish to update their kitchens or bathrooms. Similarly, some plan on doing the work themselves (with the help of Pinterest). Others plan on hiring contractors. If you are thinking about remodeling, whatever path you take, you must make sure you have adequate coverage. You should confirm your policy will cover your project, home, and content. Furthermore, you must make sure the remodeling doesn’t void your policy.

Glendora Home Remodeling Insurance Agent Must Be Notified

If you are planning on remodeling, here are three reasons to notify your Glendora Home Remodeling Insurance Agent:

1. Generally speaking, when one remodels their home the value of their property may increase. Or at the very least, the replacement cost of the structure and content can rise. Accordingly, if you don’t notify your agent about the updates, your existing coverage may not be adequate. Your policy may not cover the replacement value of your home or possessions (i.e. new furniture, appliances, or electronics).
2. What happens if your Pinterest ideas turn into Pinterest fails? It happens. With every remodeling project, there is a chance your property may be damaged/destroyed in the process. To protect yourself from repair/rebuilding costs, don’t wait to contact your insurance agent until the project is complete. Rather, contact them before the project starts.
3. Who is going to do the work? Are you planning on hiring contractors? If so, before hiring a general contractor, ask to see a copy of their insurance. Look at their workers’ compensation policy, general liability insurance, and their builder’s risk coverage. If they don’t have workers compensation or their coverage is inadequate, they can end up suing you if they are injured on the job. Additionally, if they don’t have general liability, what coverage will cover consequent damages or injuries from negligence or omissions? And what about builder’s risk coverage? This covers damage to your home and the required supplies. To make sure you are protected, contact your agent. Or better yet, contact OAK’s Glendora Home Remodeling Insurance to confirm or increase your liability coverage.

There you have it, the basics of home remodeling insurance. Moreover, to uncover the basics of homeowners insurance, click here.

To learn more about how you can save by increasing your coverage, contact OAK Insurance Solutions.
CALL) 626.775.7850
TEXT) 626.818.8987
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