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Finance

Here’s How Motorcycle Insurance Works in Paramount, CA

Motorcycle crashes can cause very serious injuries to both the driver and the guest passenger. According to the experts at Forbes, for motorcyclists to be safer on the US roads, there is a need to:

.        Invest in crash warning and prevention systems

·        Get adequate motorcycle insurance

Here’s all you need to know about motorcycle insurance in Paramount, CA:

How Are Motorcycle Insurance and Car Insurance Different?

Motorcycle insurance coverage is different from traditional vehicle insurance. The insurance that covers your regular passenger will not pay for the damage if
they crash on their motorcycle. Anyone driving a bike without the required
insurance will be subject to the same penalties as someone driving a regular
uninsured vehicle.

If you’re driving a car, your auto insurance policy covers your passengers too.
However, in the case of a motorcycle insurance policy, you need to buy separate passenger liability coverage for the guest. 

Other than that, personal injury protection from motorcycle insurance is generally more expensive compared to car insurance. This is because motorcycle crashes lead to far more severe injuries than car crashes. According to Reuters, motorcycle crash injuries also cost twice as much as car crash injuries to treat. 

For the motorcycle insurance, you might need to pay additional premiums if you have add-ons like a backrest, helmet, and saddlebags

An insured motorcyclist on the roads in Paramount, CA

Uninsured Motorist Coverage

Uninsured and underinsured motorist coverage provides financial protection if you’ve met an accident and you aren’t at fault. Let’s say another driver is at fault and they aren’t insured enough. This coverage will help you pay for the damages. The uninsured and underinsured motorist coverage usually pays for medical costs, bike repairs, and other expenses. If you don’t have the policy, you’ll have to pay for the damages yourself. This is like an additional assurance that makes the overall policy more affordable.

Required Levels of Coverage

The required levels of motorcycle insurance coverage are the same as that of your car. The law of California mandates that each policyholder purchase a minimum amount of 15/30/5.

This means that your policy must include $15,000 for bodily injury incurred by
someone else on the accident site, $30,000 for injuries sustained by the
passengers, and $5,000 for any property damage. These are the minimum amount of coverage requirements. However, you can always purchase higher coverage than the minimum requirements.

Cheap Motorcycle Insurance in Paramount, CA.

Global Guard Insurance Services is your go-to option for affordable motorcycle insurance quotes Paramount, CA. We also specialize in renter’s insurance, business auto insurance, homeowner insurance Paramount, and renter’s auto insurance. Get in touch for a quote!

 

 

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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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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.

Categories
Finance

SR-22 Insurance: What You Need to Know?

Here you’ll learn things that you need to know about SR22

Why do I need an SR22?

Reasons for an SR22 vary by state. However, the most common reasons for an SR22 or reckless driving, being convicted of a DUI, driving on a suspended license, and being caught driving without insurance coverage.

Why is an SR22 insurance form required?

  1. DUI or DWI or other major alcohol violation conviction.
  2. Serious moving violation conviction, such as reckless or negligent driving.
  3. Several traffic offenses in a short time period.
  4. Driving without insurance conviction.
  5. Being involved in an accident while driving without insurance.

What happens if I let my sr22 insurance lapse?

If you are required to maintain SR-22 insurance and it lapses, which means you fail to make the required payments to maintain the coverage, you could face serious fines and penalties. … In some cases, you will also have to pay to have your license reinstated, a fee paid to the DMV.

Does an sr22 cover you in any vehicle?

Various Forms of the SR-22
Operator’s Certificate:This type of policy will cover the motorist in the operation of any vehicle, even if not owned by the driver. If a driver does not own a car, he or she would be covered with this type of certificate.

What happens if I don’t get sr22 insurance?

If you are required to maintain SR-22 insurance and it lapses, which means you fail to make the required payments to maintain the coverage, you could face serious fines and penalties. In some cases, you will also have to pay to have your license reinstated, a fee paid to the DMV.

How long do you need to keep sr22?

Most states require the certificate for up to three years. Fortunately, an SR-22 is generally not a permanent addition to your driving record. So, your auto insurance rates may improve after your SR-22 expires. That said, an SR-22 period can also extend beyond the initial penalty.

Do I need an sr22 If I don’t drive?

When you do not own a car or do not drive, you will need a non-owner SR22 policy to file the financial responsibility form with the state. An SR22 is a state-mandated certificate that proves that you have the state legal liability limits to reinstate your license.

What does sr22 insurance cover?

An SR22 is there to cover property damage and any liability arising from an accident in which the covered driver is involved. It is considered a “financial responsibility” insurance because it covers the driver’s liability to others who may be involved in an accident.

How long does a DUI stay on record in CA?

A DUI conviction stays on a person’s driving record for 10 years. Both the Department of Motor Vehicles and law enforcement can see and use this information when you seek to have your driver’s license reinstated

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