Categories
Finance

Controllable Factors That Affect You Renter’s Insurance Cost

Renter’s insurance primarily depends on two factors:

·      The likelihood of damage to your home

·       The cost of repairing or replacing the home

Most applicants aren’t aware of how each factor influences their premiums. As a result, they end up feeling frustrated when they see a hefty bill.

Here’s a guide to help you through:

How Much Insurance Do You Need?

The more insurance you need, the higher your premium will be. In the renter’s
insurance case, you need to see whether the policy provides replacement value
or reimburses the actual cash value. Make a list of your belongings and consider the total cost of replacing each item. The total sum is the amount of
coverage that you need after an event of a disaster.

Pro tip: For expensive items such as jewelry and antiques, consider purchasing an additional insurance policy rather than paying for a higher renter’s insurance coverage.

The Construction of Your Home

To determine the insurance premium, the company will note how well the building has been maintained. If the building is new or has updated roofs, plumbing systems, and heating appliances, it’ll be less expensive to insure than older buildings.

To save up on the insurance costs, contact your landlord and get a list of all the
recent home improvements and upgrades. Similarly, if your house has a wooden stove, your premiums will be higher. This is because they carry a higher risk of experiencing fires and carbon dioxide poisoning.

Financial Data

The tenant’s credit history and debt profile also have an essential role to play.
This helps the insurer ascertain that you’ll be able to pay your premium on
time. The more confident they are that you’d be able to pay, the lesser the
insurance risk.

Before visiting the insurer’s office, we recommend working on building your credit score. Pay off any liabilities that you can and keep your personal inventory in-hand.

An illustration depicting a renter’s insurance policy for a family in Paramount, CA.

The location

Your insurance risk also depends on how risky your neighborhood is. The insurance service will determine the crime rate in your area, proximity to fault lines, distance from the nearest fully-staffed fire department, and the area’s
susceptibility to natural disasters.

Simultaneously, apartments are also less expensive and more comfortable to insure than full houses because they’re smaller. If your apartment has a carbon monoxide detector, smoke alarm, and a sprinkler system, it’ll be less expensive to insure.

Apartments are also cheaper to insure because there is little or no outdoor space. This means that the insurer won’t have to pay for any outdoor accidents
and perils. This is why properties with yards and pools are expensive to insure.

There is no better option for renters insurance Paramount CA than Global Guard Insurance Services. Read more about our cheap renter’s and homeowner insurance Paramount here.

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Uncategorized

Comprehensive and Collision Auto Insurance in Lynwood, CA.

Comprehensive and collision auto insurance are two kinds of car insurance that protect your car from damage.

However, they don’t cover the same kinds of damage. If you want to bolster your car’s protection, it’s best to get both kinds of insurance since they cover fairly common kinds of damage.

Of course, that will vary by case, so you’ll need to know the specifics to decide whether to opt for one or both. Here are the specifics of and differences between each kind of insurance.  

Collision Auto Insurance

As the name suggests, collision auto insurance covers vehicle damage that’s sustained due to a collision. Collision
auto insurance isn’t limited to just collisions with other vehicles. For instance, collisions with infrastructural or natural objects, like potholes or trees, are also covered.

Additionally, if your car loses control and rolls over, the damages sustained will be covered by this policy. While this
doesn’t fully cover it, damages sustained while your car is moving are covered by collision auto insurance.

Some totaled cars on a truck

L

Comprehensive Auto Insurance

The best way to understand comprehensive auto insurance is to think of it as covering all non-collision damages.

For instance, if a tree falls on your car, as opposed to you colliding with it, comprehensive auto insurance will cover
the damage.

Besides tree-related damages, the policy also covers vandalism, natural disasters, and animal collisions.

Again, an easy yet overly simple way to think about comprehensive auto insurance is that it covers damages sustained while your car is idle. Some exceptions can be hail-related damages or animal collisions while driving.

Things to Consider

Both insurance policies aren’t necessary for every driver. Consider how often you drive and how much traffic you face
when traveling. If you face a lot of traffic and drive for long periods, collision auto insurance may be necessary.

Then, consider where you park and leave your car. If you aren’t parking in a secure place, comprehensive auto insurance would be helpful. Lastly, consider your financial situation before you decide to get insurance. No matter how necessary car insurance is, if you can’t afford
it, you’re not going to get it.

Auto insurance is an essential part of keeping your car and finances healthy. The costs of repairs that car insurance avoids more than justify its premium and cost. If you’re looking for cheap, local car insurance Lynwood, CA, get in touch with us, at Global Guard Insurance Services. Besides auto insurance, we also offer business and renters insurance Lynwood CA.

Contact us to secure your car against damages. 

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Uncategorized

3 Safety Features to Pay Attention to When Buying a Car in Lynwood, CA

Budding car owners have some general criteria that they keep in mind while looking for cars. The priority of each criterion varies. For instance, some people may value performance over appearance. These criteria are further subdivided into different metrics.

For example, performance could mean fuel economy or top speed, whereas appearance could mean interior or exterior aesthetic. However, regardless of all other criteria, safety should be a top priority. Here are some safety features to look out for when buying a car.

Seat Belts

If you’ve ever jerked or moved forward with a lot of power in a car seat, you’ve probably noticed that your seat belt prevents you from moving. During a collision, a lot of force is exerted on you, leading to a higher risk of injury. A seatbelt is designed to prevent this, thereby reducing the risk of injury and death. Virtually all cars come with seat belts, but there are some additional features that improve their safety.

When looking at a car’s seat belts, check to see if there are lap seat belts, adjustable upper belts, and a seat beltpretensioner.

A mechanic working on a car.

Airbags

Seat belts pull you back into your seat, whereas airbags push you back into your seat. An airbag complements a seatbelt by reducing the chance of you hitting your car’s dashboard in an accident.

If you aren’t wearing a seat belt, however, an airbag can harm and even injure you due to the force exerted. Additionally, check to see if the car comes with side airbags. These improve the car’s safety by preventing you from hitting the doors.

Antilock Brake System

An ABS prevents a car’s wheels from locking up when suddenly braking. This increases the driver’s steering control before a collision, for example. Check to see if the car has an ABS and if the ABS comes with a brake assist. A brake assist can sense emergency braking and increase the braking power, which is vital to preventing an accident.

While safety features will protect you and your car from harm, they aren’t entirely effective. If you are in an accident,
it helps to have car insurance to mitigate the ensuant steep repair costs.

If you’re looking for cheap, local car insurance Lynwood, CA, get in touch with us at Global Guard Insurance Services. Besides auto insurance, we offer business and renters insurance Lynwood CA. Contact us to secure your car against damages.

Categories
Lifestyle

Does Car Insurance Cover Theft? Here’s All You Need to Know

Auto insurance is a legal contract that guarantees your car’s protection in case of financial losses caused by theft or accidents. Insured individuals pay a premium every year, in exchange for which insurance companies agree to pay for the incurred losses mentioned in the contract. 

 

Auto insurance policies are typically renewable and are issued for a six-month or one-year timeframe. While you have the option to personalize your auto insurance coverage options, basic auto insurance provides coverage for property, liability, and medical. According to the Insurance Information Institute, property coverage covers any damage caused to the car; liability coverage covers the legal responsibility of any injuries or physical damage incurred, while medical coverage includes the payment of treating injuries, rehabilitation, and funeral expenses. 

 

More than 700,000 vehicles are stolen in the United States every year. The rising number of vehicle theft raises concerns among policyholders about vehicle theft coverage. While some policies might cover theft associated with automobiles, your insurance advisor can further help you clarify your contract in the context of vehicle theft.

In Case Of A Break-In

A car break-in involves broken windows, smashed tires, or a damaged ignition system. This damage can be covered if you choose to opt for comprehensive
coverage for your auto insurance policy.

 

A comprehensive insurance policy helps you pay for damage caused by collision, theft, or natural disasters. You can also claim a loss if the vehicle is subjected to fire, an explosion, or accidents involving animals.

car with broken glass

In Case Of Vehicle Theft

There’s nothing worse than finding out that your vehicle has been stolen. Most policyholders are usually confused about filing a claim for stolen cars and how to be reimbursed for the loss. Having liability insurance is mandatory for all licensed drivers.

 

However, liability insurance does not cover the costs of vehicle theft. Therefore, it becomes essential to purchase a comprehensive auto insurance policy because it pays for the value of your car if it is stolen. 

 

It is crucial to provide the company with the car’s documents and its value so that the claimed loss can be covered without hassle. 

In Case Of Stolen Personal Items

Some thieves don’t steal your car; they’re more interested in stealing your belongings from the vehicle. While comprehensive coverage can cover damaged cause due to the break-in, unfortunately, an auto insurance policy does not cover the costs of personal items present in the automobile.


These belongings, however, can be covered by homeowners or renter’s insurance Long Beach CA. Therefore, if your car is subject to a break-in and your personal items are missing, you will be required to file multiple (at least 2) insurance claims. You should consult with a professional insurance agent for further guidance. 

Our advisors at Global Guard Insurance Services specialize in providing impeccable insurance consultation to help you purchase affordable and effective auto insurance Long Beach. Connect with us to get a free quote today!

Categories
Finance

Important Things to Consider When Renewing Your Auto Insurance in Long Beach

According to the California Auto Insurance Code, all citizens who own or drive cars in the state must get auto insurance. Without liability insurance, citizens can either lose their license, car, or be fined.


Auto insurance usually expires depending on the policy’s effective date, while the policy period is typically annual or bi-annual. When your car insurance is about to expire, you can either extend the insurance plan with the same insurance provider or choose another insurance company that offers more benefits. A professional insurance agent can further help you make this decision. 

 

Section 663(a) of the California Insurance Code states that all insurance companies must notify their clients about their insurance expiry date, 20 days before expiration. This notification should also include a verbal or written renewal offer, should the client choose to remain with the same insurance company. 

Making a timely decision about your auto insurance renewal can help you plan for the next year and save you from unexpected financial losses. Here are some things you should take care of when your auto insurance is about to
expire. 

A Reasonable Quote

Most insurance companies introduce benefits and affordable insurance plans around the new year. So, it’s never a bad idea to start exploring all the options available in your area. You should get at least three quotes to compare and decide.


Find out whether the company’s plans fit your vehicle’s needs. If
you’re located in California, our agents can provide you with affordable quotes
for
auto insurance Long Beach. Learn more here

Insurance Type

There are six types of auto insurance. The type you go for depends on your vehicle’s needs and the risks it’s exposed to. While California Law made it mandatory to have third-party liability insurance for your car, you have the liberty to choose from collision, comprehensive, or a basic car insurance policy.


woman driving a truck

Choosing Add-Ons

Add-ons are the extra coverage options you may want to add to your auto
insurance policy. While they’re not necessary, they provide extra
coverage for your automobile. You’ll be required to pay an additional amount for add-ons like sound-system coverage, engine coverage, and invoice-protection coverage.

Discounts

Always check with your insurer if and when you’re liable for discounts. Check
the number of discounts that insurance companies provide before purchasing insurance. According to the Automotive Research Association, you’re eligible for insurance discounts if you have an anti-theft device installed in your car.

Similarly, companies offer old-age benefits and student discounts on auto insurance policies. Some insurance providers may also help you negotiate a deal when you are getting multiple cars insured. 

It is crucial to consider all the points mentioned above before renewing your auto insurance policy. Let us, at Global Guard Insurance, help you find the perfect insurance plan. Connect with our agents here

Find out whether the company’s plans fit your vehicle’s needs. If you’re located in California, our agents can provide you with affordable quotes for auto
insurance Long Beach
. Learn more here.