Homeowners insurance Saugus | Insurance SCV | Carol Smith

Homeowners insurance Saugus | Insurance SCV | Carol Smith

Carol Smith of InsuranceSCV insurancescv.com can handle all of your homeowners insurance needs. Call her at 661-803-3803. Shopping for homeowners insurance? You want to get a homeowners insurance quote on a policy that can help protect your property and possessions. Whether you’ve just bought a new home or you’re looking to change insurance carriers, getting a quote from Carol Smith of Insurance SCV is quick and easy. Basic homeowners insurance policies insure a home and its contents from the risk of being damaged or destroyed by fire, theft, or wind from severe thunderstorms, tornadoes and hurricanes. But many people find out too late that they don’t have enough insurance. Some homeowners don’t consider the value of all the personal possessions contained inside the home. The findings of a 2002 study conducted by Marshall & Swift/Boeckh, a construction data firm based in Wisconsin, show that as many as 75 percent of homeowners in the United States do not carry adequate homeowners insurance to replace their home and the contents should a catastrophic loss occur. Call Carol for all of your insurance needs at...
Auto insurance Valenca | Insurance SCV | Carol Smith

Auto insurance Valenca | Insurance SCV | Carol Smith

Carol Smith of InsuranceSCV insurancescv.com can handle all of your homeowners insurance needs. Call her at 661-803-3803. Here’s a sobering thought: One-third of all accidental deaths in the U.S. per year involve cars, even with all of the improvements car manufacturers have made to protect us if an accident should occur. Put in a more immediate perspective, did you know that someone in the U.S. dies in a car accident every 15 minutes? Now think about that. Every 15 minutes. That’s about as long as it takes to brush your teeth and get dressed in the morning. The thing is, you don’t want to be among those statistics. But less serious accidents can still wreak havoc with your life in terms of medical bills, time off work and all the other things that come with it. That’s why it pays to make sure you have comprehensive auto coverage – coverage to cover yourself and whoever else is involved in the accident. Call Carol Smith of Insurance SCV. Carol deals with a variety of insurance companies, so she can find the perfect coverage that best suits your needs – at a price that makes sense. Call Carol...
Insurance Canyon Country | Insurance SCV | Read your policy!

Insurance Canyon Country | Insurance SCV | Read your policy!

Carol Smith of InsuranceSCV insurancescv.com can handle all of your homeowners insurance needs. Call her at 661-803-3803. Have you taken a moment to review your auto and/or home insurance policy lately? If not, it is worth the time it takes to read over it. True, your agent will review your policy with you – and she will recommend coverages. But, it is up to you to take a few minutes to review your policy – and if you are unsure of certain covereages and endorsements, you can speak knowledgably when you speak with your agent. Most of my Santa Clarita clients do not read their policies, but once in a while I have a client who asks a lot of very good questions. I am very impressed with my clients who do. You don’t want to wait until you have a claim to find out there is no coverage. First of all, there are usually two parts to an insurance policy: 1. The Declarations Sheet (or Dec sheet for short). This is usually the first page of your policy that is specific to your own home. It lists the specific limits on some of the most important coverages of your policy. On your homeowner’s insurance policy, the most common coverages are:  Dwelling Coverage  Separate Structures  Personal Property  Loss of Use  Personal Liability  Guest Medical  You will also see a list of endorsement numbers that tell the miscellaneous coverages that your policy includes. (You will see a limit after each coverage) 2. The policy jacket. This is your insurance contract –the contract between you the insured, and the insurance company. It includes definitions and explains...

Earthquake insurance coverage Saugus | Insurance SCV | Carol Smith

Carol Smith of InsuranceSCV insurancescv.com can handle all of your homeowners insurance needs. Call her at 661-803-3803. As the California Earthquake Authority frequently reminds us, “Earthquakes are a way of life here in California.”  So when shopping for Earthquake Insurance, the first thing to keep in mind is EQ insurance is NOT the same as the underlying companion home insurance policy!  Please take a moment to review the following points regarding earthquake coverage. Making educated decisions regarding EQ insurance could save a lot of heartache in the event of the Main Event. • EQ policies do NOT offer Extended Replacement Cost coverage like companion home insurance policies do.  Let’s say that it costs $400,000 to rebuild a home but the underlying companion home insurance policy has Dwelling Coverage A at $300,000, but it does have Extended Replacement Cost of 150%.  This means that if there is a fire, the limit is $450,000 and the companion home insurance policy should cover up to that limit. But with EQ insurance, the consumer is only covered to $300,000 – this is not enough coverage in the event of a total loss.  The homeowner would be seriously underinsured.  EQ insurance carriers usually require that Dwelling Coverage A match the companion home insurance policy limits.  (By the way, homeowner’s insurance policies clearly state that a home must be insured for the true replacement cost…the Extended Replacement Cost coverage is not meant to be used as a means to bring Dwelling Coverage A up to what the replacement cost should be.) • Deductibles on EQ insurance are 15% and 10% of Dwelling Coverage A, not the amount of the EQ damage.  So, when Dwelling Coverage A is placed at...

Homeowners insurance Newhall | Insurance SCV | Perils

Carol Smith of InsuranceSCV insurancescv.com can handle all of your homeowners insurance needs. Call her at 661-803-3803.   Perils, perils  and more perils.  Do you know what perils are covered in your home insurance policy? Unfortunately, most Valencia homeowners have no idea.  Neither do homeowners in Newhall, Canyon Country, Saugus or Castaic, for that matter. First off, what is a covered “peril” in a home insurance policy? Simply put,  a peril is a “cause of loss” of which there is usually a list of sixteen:  Fire or Lightning  Theft  Water damage from specific sources  Falling objects  Damage caused by vehicles  Damage caused by aircraft  Hail or Windstorm  Explosions  Vandalism  Volcanic eruption  Damage from weight of snow or ice  Freezing pipes  Riot or civil disturbances  Accidental discharge or flow of water from household appliances and/or systems  Sudden and accidental damage from specified types of electrical current  Smoke  Now with this all explained, it is easier to understand the difference between the two types of home insurance policies–Named Peril and Open Peril (sometimes referred to as All Risk). A Named Peril policy provides coverage for only those perils listed, namely the 16 perils listed above.  On the other hand, an Open Peril provides coverage for all perils except for the exclusions that are listed. So now that you can see the difference between the two types of home insurance policies, which one would you prefer for your Santa Clarita home?  Open Peril, of course!  This policy form is broader, encompassing many more perils because it includes all perils except for the ones specifically excluded...