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Why You Need More Than the State Minimum Coverage

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If you have an old car or are on a strict budget, it’s tempting only to get the state minimum coverage on your auto policy in San Diego, CA. Even though you may think you’ll save money, you may actually pay more in the long run if you get into an accident. Rancho Del Sur Insurance Services Inc. can advise you on how to save money on your policy while keeping yourself adequately protected.

California’s Minimum Requirements for Auto Policies

California requires your auto insurance policy to have liability in the amount of $15,000/$30,000/$5,000. These figures represent the maximum amount your policy will pay for bodily injury per person, per accident, and for property damage. If an accident is extensive or catastrophic, those figures are quite low and will not cover your costs or that of the other driver if you caused the mishap. If you don’t have enough insurance coverage, the other driver and their vehicle occupants could end up suing you to obtain sufficient compensation for medical treatment and other issues.  Experts recommend that your policy has significantly higher coverage amounts.

What Other Coverage Should I Consider?

In addition to increased liability, including uninsured/underinsured motorist coverage is a prime consideration. You may also want to get the following:

  • Personal injury protection (PIP) to cover medical costs regardless of fault
  • MedPay insurance, which works similarly to PIP
  • Collision to pay for damages when colliding with another vehicle or object
  • Comprehensive to pay for damages caused by theft, vandalism, natural disasters, etc.

Most insurance companies offer various types of coverage for differing amounts, so you are not required to get the highest amounts. Let the experts at Rancho Del Sur Insurance Services Inc., service San Diego CA, recommend the best coverage amount for your needs and budget.

Importance of Business Continuity Insurance

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Business continuity insurance is important if you want coverage after a peril temporarily shuts your doors. Rancho Del Sur Insurance Services Inc. can help you find the right policy to recover lost income and overhead expenses. Learn more about commercial insurance and why it’s so essential for businesses in San Diego, CA.

What Is Business Continuity Insurance?

Business continuity insurance, also known as business interruption insurance, improves your risk management strategy. This coverage can help you survive when unexpected disruptions or disasters prevent you from opening your retail shop or other brick-and-mortar business. Additionally, many policies pay for ongoing expenses if you’re forced to close temporarily. 

What Does (and Doesn’t) Business Interruption Insurance Cover?

Although every policy varies, business continuity insurance typically covers losses associated with an unpreventable shutdown due to fire, wind, theft, lightning, or falling objects. It doesn’t cover losses due to civil unrest or pandemics, which are handled under different policy types. 

Your interruption insurance may cover operating losses and expenses, such as the revenue you usually make in a given time frame. It will also handle mortgage or lease payments for your place of business. With business continuity insurance, you can continue paying your employees and set up shop at a temporary location.

Our team would be happy to review your existing policy and point out gaps in coverage that could put your business at risk. 

How Long Does Business Continuity Insurance Last?

One of our insurance agents can review your policy to tell you how long you have to restore your business location. There’s usually a two or three-day waiting period before the policy takes effect. However, your policy may work a bit differently. 

Reach Out To Us

When it comes to business insurance, residents in San Diego, CA trust Rancho Del Sur Insurance Services Inc. Contact us today to set up an appointment for a free quote!

Can Home Insurance Cover Fine Art Pieces?

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If you’re proud of your fine art collection in your home, our team in San Diego, CA at Rancho Del Sur Insurance Services Inc. wants to help you ensure that this asset is protected through the appropriate insurance policy. You may already have homeowners insurance through our agency. In that case, you might wonder if the policy can cover fine art pieces and protect your prized collection.

Coverage is subject to regulations in the insurance industry. Still, for those who haven’t purchased a home insurance policy with us yet, it can be important to ask questions about how we might be able to help you protect the items that are most valuable to you like your art collection. Although every insurance policy has terms and limits that apply to that policy, we may be able to answer this question on a general level to give you a starting point for deciding what type of insurance may be best for keeping your art pieces protected from theft and more.

Can Home Insurance Cover Fine Art Pieces?

Although some policies may have terms and limits that exclude fine art pieces, most home insurance policies provide some sort of coverage for valuable items and assets like fine artworks. From fine art paintings to sophisticated sculptures to drawings to prints and beyond, your home insurance policy may be able to reimburse you if your fine art piece is stolen. While some policies have exclusions that account for natural wear and tear and pests that may damage the artwork, most policies should cover some assets even if those policies exclude art as a whole.

To learn more about our home insurance policy options in San Diego, CA, call Rancho Del Sur Insurance Services Inc. for more information today!

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