HOME Newsletter_2010 - Tsuneishi Insurance Agency, Inc.

Homeowners facts and figures... • Only 12% of California Homeowners have earthquake insurance. (3/2008) • Many homeowners policies will exclude you if you own certain types of vicious dogs, i.e. rottweilers or pit bulls. NEWSLETTER
NEWSLETTER ­ “HOMEOWNER SECRETS” T S U N E I S H I I N S U R A N C E A G E N C Y, I N C .
• Water damage and mold are leading causes of higher claims and may lead to a possible denial of future coverage. “9 TIPS YOU NEED TO KNOW BEFORE BUYING HOMEOWNERS INSURANCE!”
HOMEOWNERS INSURANCE!” Your home is one of your most im‐ your prior home. portant assets and provides you and your family with many hours of 3“Why doesn’t my insurance amount enjoyment. equal the value of Something this important shouldn’t my home?” be left to chance. This is a decision that should be undertaken with We get this question specialists who understand and often and the reason share your concern for your fam‐ is simple… We in‐
ily’s overall well being. sure the house and Here are 9 important questions not the land on many consumers ask regarding which it sits. This will save you money their home. from needlessly 3Does my home have Replace­ over insuring your ment cost coverage on both my home since your land does not burn or get damaged or stolen. Dwelling and contents? We also are asked why our cover‐
Sometimes the best way to save age differs from their mortgage money is to buy smart from the amount. Our answer is similar… beginning. It is our agency’s policy we insure your house not the land to automatically add “replacement or any mortgagees that you hold cost” coverage for all our clients on on the property. If you want to both their contents and home to insure your mortgage, we would ensure they are adequately pro‐ be happy to assist you with a life tected both now and in the future. insurance quotation. yes. Most companies try to entice you to place all your cover‐
ages with the same company and reward you with discounts ranging from 5­15% annually. This is one of the easiest ways to get discounts from your agent. 3Pay for simple repairs! One trick to keeping your coverage afford‐
able is to pay for all smaller losses under $500 or for any claims due to your negligence like overflowing the tub. Increase your deductibles and keep your “preferred” status with your car‐
rier to maximize saving each year. Insurance is not meant to cover routine maintenance is‐
sues but as a safety value in case of a catastrophe. As property values increase you 3Do I get discount for placing 3Do I get discounts staying want to make sure in the event of a my homeowners and auto insur­
with a carrier for years? unfortunate loss that you have the ance with the same carrier? Yes, many companies offer means to rebuild your dream home in the same size and materials as The simple answer is generally, “persistency” credits that are Renters & Condo Coverages...
Renters & Condo Coverages... Condo and Renters insurance offers coverage, up to certain limits, of your personal be‐
longings from de‐
struction or theft and protects you against claims of liability if you cause injury to someone or their property. A renter's policy will also cover your temporary living expenses while repairs are being made if your rented home is damaged. There are limits to this cover‐
age, as well, usually 30 to 40 percent of the total value of the policy. sleet, water‐related damage from home utilities, and electrical surge damage. A renter's policy, usually called HO‐4, will cover you against losses due to the same perils that are covered by regular homeowner's insurance including fire or lightning, wind‐
storm or hail, explosion, riot or civil commotion, aircraft, vehi‐
cles, smoke, vandalism or mali‐
cious mischief, theft, damage by glass, volcanic eruption, falling objects, weight of ice, snow, or And, just like regular home‐
owner's insurance, earthquakes and floods are not covered. In‐
suring against these kinds of catastrophes will require a rider to your renter's policy, or a sepa‐
rate policy. Rates can vary from company to company so call us (800) 383­7725 to receive a free, no‐obligation quote with a leading insurer. All Rights Reserved. For additional copies of this and other FREE reports, call us at (800) 383-7725.
TIA HOMEOWNER_2010
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TSUNEISHI INSURANCE AGENCY, INC.
NEWSLETTER - “HOMEOWNER SECRETS”
“9 insider tips to buying homeowners insurance!” (Cont.)
(Cont.) “I have been a customer of Tsuneishi for some time now. I have always had wonderful customer service and been provided with the best rates on my homeowners and auto insurance!”
auto insurance!” Jessica Soma
Jessica Soma Murrieta, CA
Murrieta, CA Representing over 35 leading companies including;
including; very attractive and would offer lower rates that they those they would traditionally offer to their new customers. If your valuables exceed that amount, they must be “scheduled” onto the policy to properly cover them. 3I hear a lot about natural dis­
We can assist our high net worth clients to properly ascertain what items need to be scheduled and what the additional costs would be. Protect yourself from this common gap in coverage. asters including floods and earth­
quakes. Does my homeowner’s policy cover these claims? No they don’t. In fact homeowners policies EXCLUDE claims from earthquakes and floods unless you specifically add those coverage or buy separate policies just for those perils. If you live in a flood zone… look into the federal flood program. For those worried about earth‐
quakes, understand that the de‐
ductibles can be as high as 10% or more of the dwelling amount. If you would like a quote on either earthquake or flood insurance, call us at (800) 383­
7725 to arrange for a no‐obligation quote. So what does the standard home‐
owner’s policy typi‐
cally cover? * Fire or lightning * Windstorms or hail * Glass Breakage * Riot or civil commotion * Theft * Aircraft * Vehicles * Smoke * Van­
dalism and malicious mischief. 3Does my homeowner’s policy cover my jewelry, gun, watch or art collections? Many think erroneously that a homeowners policy covers their home and all their contents but the fact is many expensive articles in‐
cluding silverware, jewelry, coin, art, stamp collections and other valuables are covered only to a specific amount, (usually $2,500). 3What other discounts may I qualify for? Smoke detectors and deadbolt locks are usually worth discounts of at least 5%. If you install a more sophisticated “central reporting” alarm that rings to the police or a security company, those discounts can be as much as 15%. 3What about High valued homes or “Brush” areas? A fact of life in Southern California is that we have many expensive homes in the hills. We do write homes up to $ 5 million or more. Keeping adequate brush clearance of a 1,000 feet of more from your house will help give you a buffer zone from encroaching flames. Replacing all wood shingle roofs is a must as well as maintaining surrounding vegeta‐
tion that retains water and stays green year around could be the difference whether a fire makes your home a target. Most standard homeowner policies do not cover homes in close proximity to the brush. To determine if you are eligible for our preferred programs, call us to see if your home qualifies. Who we are...
Who we are... Tsuneishi Insurance has been a pioneer in the local insurance community since 1948. The agency has over 21 licensed, insurance professionals who speak 6 languages. They have a longstanding reputa‐
tion for prompt, ethical service within the community. The firm has more preferred companies and experience offering better selection and lower rates, all with no broker fees. They have been instrumental in designing programs and cover‐
age specifically for families and businesses throughout the Western United States. www.tsu-insurance.com
Independent Agents
21235 Hawthorne Blvd Suite 200 Torrance, CA 90503 Toll Free: (800) 383­7725 (310) 533­8877 (310) 540­3100 Fax www.tsu
insurance.com www.tsu­­insurance.com
CA License #: 0599528 Call them at (800) 383­7725 for a fast, no‐obligation review of your current coverage. Find out why thousands switch! All Rights Reserved. For additional copies of this and other FREE reports, call us at (800) 383-7725.
TIA HOMEOWNER_2010