When it comes to buy Homeowners insurance in California, it’s easy to become confused by the wide variety of deductibles out there. If you’re stressing out over picking the right deductible, these basic guidelines can help you make a wise decision:
Homeowners often choose a deductible on their property as a percentage of its “insured value.” If this value is $100,000 and you choose a 2% deductible, you would pay the first $2,000 of any claim. Bear in mind that the dollar value of this percentage deductible will vary with any change in the insured value. The higher this value, the higher your deductible.
A split deductible gives homeowners the option of selecting a dollar value for different types of hazards. For example, you might choose to pay the first $500 of a fire damage claim, but only the first $300 for a loss from vandalism or theft. This lets you set priorities based on what types of damages you believe are most likely to occur. For example, if you live in an area that’s prone to fire or hailstorms, you might select a higher deductible for these potential hazards.
The size of the deductible depends on your circumstances and the type of policy you purchase. Choosing a higher deductible will reduce your premiums significantly. If you’re confident that you can afford small-scale claims (between $250 and $500), increasing your deductible will mean that you’ll pay a far lower premium that will coverage big-ticket losses (say, $1,000 and up).
Our Scurich Insurance Services Personal Insurance specialists would be happy to offer their advice on tailoring Homeowners deductibles to your needs. No charge, of course.
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Connect with us on Facebook, Twitter or LinkedIn today and make sure that you also subscribe to receive our latest Blog Posts to your inbox.
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According to the Life Foundation,
Brigette Hunter was just 27, and a new mother, when she was widowed. Her husband, Matt, was killed in a car accident. To compound her pain, she had to borrow money from her parents to pay for Matt’s funeral, as he had no life insurance.
Just six months later, friends introduced Brigette to Anthony. She wasn’t looking for a relationship, but Anthony was persistent. “He could sell snow to an Eskimo,” Brigette says. They married and soon opened their own electrical business. With the business and three children to support, the couple bought small life insurance policies. Lisa Rinehart, a financial professional, met them several years later, determined that they needed considerably more life insurance, and helped them through the buying process.
A year later, Anthony found a bump on his chin. He had recently walked through a spider web at a job site and assumed it was a bite. But it didn’t go away, and Anthony learned it was melanoma, a cancer he had battled as a teenager. It soon spread to his lungs, brain and bones.
Still wanting to provide for his family, Anthony invoked a provision in one of his life insurance policies that allowed for an early payout to a terminally ill policyholder, and used part of his death benefit to buy a nicer home for his family. He oversaw renovations and was able to spend a month in the house before he died at 34.
The remaining money from Anthony’s policies helped Brigette pay off medical bills and meet her household expenses. It also kept the business afloat. She could make payroll and pay vendors while she and her foreman reassured clients that the business would continue. “Without the money I would have had to close,” she says.
Scurich Insurance Services know that life insurance is a necessity for every family. Contact them today to see how a policy can fit into your budget. 800-320-3666
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By Elissa Richard | Compass – Fri, May 3, 2013 1:49 PM EDT
The legendary Loch Ness Monster might have turned 80 this week, but one overly cautious cruise company isn’t convinced that she’s any less of a threat. While “Nessie” hasn’t reportedly harmed a soul—or ship—to date (or actually been proved to exist, for that matter), Scottish cruise line Jacobite Cruises isn’t taking any chances.
Should the octogenarian lake-lurker turn up crotchety while any of their fleet is in operation, it’ll be smooth financial sailing for them all the same, thanks to their recently purchased $1.5 million insurance policy against any potential damages incurred by Scotland’s storied monster.
Jacobite owner Freda Newton explained to The Scottish Sun, “I don’t know what the odds of this actually happening might be, but this is Loch Ness and how silly would we look if it did and we weren’t covered for it?”
No, there’s nothing silly about this cruise line, which operates several sightseeing cruises in the Scottish Highlands region, including trips on Loch Ness. Just look at the free publicity storm they’re brewing on the heels of the 80th anniversary of the first sighting of the mythical lake creature.
Director of Inverness-based insurer Towergate Moray Firth, which issued the policy, admitted to the paper that “This is probably the most unusual insurance request we have ever had, but we were delighted to provide cover to Jacobite Cruises.”
Scurich Insurance Services has the coverage you need for almost any situation from
Commercial Packages to Group Insurance. Call them today! 800-320-3666
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As most of you know, Scurich Insurance Services, has a fantastic program that is known as the Happy Customer Program. We use this program to see how our insurance agency ranks in your own personal standards.
All we request is that you fill out our simple customer satisfaction servery. once you complete this step we will send you a $5.00 gift card to Starbucks. That’s right your next cup of coffee or frappe is on Scurich Insurance Services. What else can make your day any better besides a fresh cup of coffee?
For more information about any of our Products and Services contact Scurich Insurance Services located in Watsonville, California.
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Mike began his insurance career in 1984 as a personal lines underwriter for Continental Insurance Company in Sacramento.
In 1986 he joined USF&G as a commercial lines underwriter in San Jose, CA. The training and experience he gained in both positions are keys to his success as an owner/broker for Scurich Insurance. Mike joined Scurich Insurance in 1989 and has been with the agency ever since.
He focuses on commercial accounts and enjoys working closely with and getting to know his clients on a personal level.
Mike graduated from Santa Clara University in 1984 with a degree in English.
He and his wife Jennifer, live in Watsonville and have one daughter age 23 and two sons ages 21 and 19.
Contact Mike Scurich or any of the helpful and agents at Scurich Insurance Services today with any questions regarding your insurance policy.
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