Author: agentinsure

What Does Flood Insurance Cover?

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As a homeowner, you may live in an area prone to flooding which may create the need to purchase flood insurance. Flood insurance can provide additional benefits beyond homeowner’s insurance if you’re a homeowner faced with this situation. Our team at Murvay Insurance of Newport Beach, CA understands how devastating flood damage can be. We’re here to help by educating consumers on the benefits of flood insurance.

The ABC’s
Flood insurance is fairly straightforward in that it covers anything in your home or the structure of your home that was damaged as a result of flooding. This can include an overflowing sewer if it occurred as a direct result of a flood. Flood insurance isn’t a part of a homeowner’s insurance policy and must be purchased separately. It is mostly administered through the National Flood Insurance Program/ FEMA and is available in 23,000 participating NFIP communities. 

Flood insurance covers your home or business and its foundation. It will also cover both your electrical and plumbing systems. Your HVAC system is also covered under your flood insurance policy. Damage to appliances is also a covered item. Flood insurance will also cover your furniture, curtains, carpeting, and your personal belongings. Valuables can be covered up to certain limits. You may need to purchase additional insurance or special insurance for coverage if rare or valuable items. Flood insurance also covers the loss of food in your freezers and refrigerators that resulted from water damage to your fridge or freezer. The clearing and cleaning of your property after a flood is also covered.

The Most Common Natural Disaster in the United States
Flooding is a real threat that is fairly common. As a result, flood insurance is a wise investment for anyone who lives in a flood zone or an area that has been known to flood from time to time. Murvay Insurance of Newport Beach, CA understands the importance of educating homeowners about the benefits of flood insurance. Visit us online or give us a call for more information. 

5 Tips for Preparing Your Home for Disasters

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With natural disasters on the rise, it’s important homeowners be prepared at all times. Make sure your home insurance is up to date and provides the protection you need against disasters. Here are a few more tips from Murvay Insurance on how to prepare your Newport Beach, CA home for disasters.

Fortify Your Abode

Keep up with home maintenance that will fortify your dwelling against disasters. This includes your roof, windows, exterior doors, and garage door. An old roof or outdated windows increase your risk of interior damage from severe rain, wind, or hailstorms.

Survey Landscaping

Survey your landscaping to see if large trees or other structures pose a threat to your home in a disaster. Find a safe place to store lawn furniture, potted plants, garden decor, and kids’ toys to avoid these becoming projectiles and causing damage to your home.  

Create an Evacuation Plan

Become familiar with potential disasters that can strike your area and create an evacuation plan for handling each. Your plan should include where to meet in the event you get separated from other family members, a safe location where you can stay, and how you’ll stay in touch.

Pack a “Flee Bag”

Sign up for emergency alerts on your cell phone to receive updates on potential disasters. Have a “flee bag” with basic essentials and important documents ready to go to expedite your escape in a disaster.  

Stock Up on Emergency Supplies

If you plan to shelter in place, make sure you have emergency supplies. This includes bottled water, non-perishable foods, medications, first aid kit, flashlight with batteries, and a portable radio. Keep your cell phone fully charged to communicate with emergency crews or family members when needed.

For the home insurance coverage, you need to protect your Newport Beach, CA home against disasters, contact Murvay Insurance today.

What are the benefits of recreational insurance?

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Living in the Newport Beach, CA area is a dream for many people. When you are here, you are going to have constant access to recreational activities due to the many nearby beaches. To enjoy the area to the fullest, getting a recreational vehicle or other assets could be a great option. To ensure that your assets are adequately protected, you should acquire recreational insurance policies as it can provide you with a variety of benefits. 

Covers Asset

One of the benefits of getting a recreational insurance policy is that it can cover your asset. Buying any recreational asset will come with a significant investment. If your asset were to be stolen, damaged, or vandalized, you would have to come out of pocket to cover the costs. Fortunately, with a recreational insurance policy, you will have the coverage you need to repair or replace the asset. 

Gives Liability Coverage

You should never underestimate your liability risk when you are going to operate any form of asset. If you are involved in an accident and found to be at fault, you will need to pay for damages. Fortunately, when you get the insurance you need for your asset, you can also receive liability coverage. This will provide you with the protection that you need for liability. 

If you are interested in a new recreational insurance policy in the Newport Beach, CA area, it would be a good idea to speak with the team at Murvay Insurance. Choosing a recreational insurance policy is a big decision and can be complicated. To ensure that you are able to make the best choice possible, Murvay Insurance will help you to identify your risks and help you build a policy that is ideal for your situation. 

Insuring Your Newport Beach Home

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It’s hard to explain the Southern California lifestyle to those in other parts of the country. Still, Newport Beach, CA is an iconic destination point for those wishing to visit the area.  For homeowners who call this beach community home, purchasing home insurance from a trusted insurance broker is the key to protecting your property and protecting your investment.  Here at Murvay Insurance, we make insuring your Newport Beach, CA home easy, so you can leave that house and enjoy the southern California lifestyle.

Insuring Your Newport Beach, CA Home

Home insurance is your buffer against a host of liabilities.  To begin with, a property liability policy will cover damage to your home owing to a range of reasons.  However, you will want to sit down with our Murvay Insurance agents to discuss specific coverage, and whether a standard policy will cover your needs. 

A dwelling policy protects your home against damages caused by the ravages of Mother Nature.  This policy will help you repair your house, should it be damaged.  Typically speaking, flood and fire insurance requires a separate home owner’s policy, and we can certainly make sure that you have the coverage you need in either of those events.

Finally, a comprehensive home insurance policy will protect you against liability claims should someone get hurt or injured on your property.  This coverage will pay for resultant medical expenses as well as any legal fees you might incur if an injured guest decides to sue you and your family.

Contact Our Friendly Team at Murvay Insurance

If you have questions about protecting your Newport Beach, CA property, we have friendly insurance agents looking forward to answering those questions, so you can make the most informed decision possible.  Home insurance is a critical component of your overall financial picture.  As your most substantial investment, you want to make sure that it is safe regardless of the situations thrown at it from fires to injuries to all liability concerns in between, and Murvay Insurance wants to be there with you to help make that coverage a reality.

When do you need auto insurance in California

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Owning a car in the Newport Beach, CA area is a necessity for a lot of people. If you do own a car here, it is crucial to stay in compliance with your insurance requirements. There are several situations when you need to have this coverage.

When Driving on Public Roads

One of the reasons why you need to have auto insurance in this area of California is because it is required by law. In this state, you are obligated to carry liability insurance whenever you drive your car on a public road. This provides assurances that you can pay for any damages that you cause during an accident. Those caught driving without this form of insurance could face a variety of penalties.

When Trying to Protect Asset

Another reason why you need to have auto insurance is that it will provide you with protection for your vehicle. When you own a car, there is a good chance that you will spend a lot of money purchasing it and on maintenance. The last thing that you would want would be to lose this asset due to damage or theft. If you get a full collision and comprehensive insurance policy, it will give you coverage to replace or repair your car when necessary. This form of coverage will also be required if you took out an auto loan. 

Choosing the right auto insurance policy is very important. Murvay Insurance is an excellent resource for any questions that someone in Newport Beach, CA has about auto insurance. When you are looking for a new policy, Murvay Insurance can help you to determine your risk profile and figure out a way to protect you and your vehicle adequately. This will provide you with peace of mind and ensure you are in full compliance with your obligations. 

What Kinds of Businesses Need Commercial Insurance?

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If you’re starting up a new business, one of your questions may be whether you need a commercial insurance policy. The general answer is yes if you have a business. But that’s not always the case, and there are exceptions. That’s why it’s so important to work with us at Murvay Insurance, so you can get the answers and the policy you need for your Newport Beach, CA area company’s security and protection. Insurance can provide you with a lot of peace of mind, but only if you know you’ve got the right policy. You can do that through being an informed consumer, and working with a trusted agent you can rely on. We’re here to help you find the policy that’s going to meet your needs.

Overall, businesses that need a commercial policy are those that are open to the public, and those that have employees on site. If you have a brick-and-mortar establishment, you probably need insurance to protect that physical asset and the people who work for you. If you work online from home, though, you might not need to have any kind of additional insurance policy, beyond your homeowner’s coverage. That can vary if you have a lot of inventory and are selling goods instead of a service. With so many different types of businesses, working with an agent to sort out what’s right for you and carefully consider your options is very important.

At Murvay Insurance, you can get the policy that’s right for you, so you can feel good about the coverage your business has. We want all of our Newport Beach, CA area businesses to succeed, and we’re happy to help you get the protection you deserve. Reach out to us today, and we can get started on finding you a commercial insurance policy that can help keep your business safe and secure.

Does Home Insurance Cover Wind Driven Rain Damage?

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Home insurance is one of the best ways to protect your investment if you purchase a home. It is somtimes a requirement that homeowners have home insurance if they are financing, but even after the home is paid for, it is wise to never let the insurance policy lapse because there are always risks to consider. Without adequate insurance in place, you can incur massive losses as a result of things such as fire, theft, and of course, natural disasters and storms.

What is Wind-Driven Rain? 

Wind-driven rain is rain that causes damage to a home as a result of being pushed into the structure by the wind. This happens during storms such as tornados, severe thunderstorms, and hurricanes. Generally, this type of damage is covered by most home insurance policies. Before selecting a home insurance policy, be sure to ask your insurance agent to explain exactly how each policy is designed to protect against this risk and what the limits of coverage are for storm damages.

Working With a Skilled Agent

The best way to protect a home from storm damage is to have the right type of home insurance in place. Working with an insightful insurance agent is the most effective way to determine which policies work best for a certain situation. They can help clients determine their current needs and match them with insurance providers who can give them complete coverage against a variety of storm-related threats year-round. People who live in the Newport Beach, CA area can count on Murvay Insurance to work with them to find solutions to their insurance needs. 

Call or stop by the Murvay Insurance office today to speak with an agent about home insurance options. We look forward to serving residents of Newport Beach, CA to help protect their home. 

 

 

3 Main Types of Auto Insurance Coverage

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When it comes to automobile insurance, there’s a great deal to figure out. Whether you just want a basic auto policy or some of the additional coverage, it’s a good idea to know what the different types are first.

Liability Insurance

This is the minimum of what you’d need as a legally-insured driver. It protects the driver in the event he or she is responsible for an accident, or if the driver is held responsible for some reason. The coverage is for medical expenses, lost wages, damages to the other party’s vehicle, and consequences of any injuries that occurred.

Comprehensive

Having comprehensive coverage means that you’ll be able to replace your vehicle if it’s damaged by natural disasters or if it gets stolen. It’s known as "other than collision" in some states. This optional type of coverage may be important if there’s a higher risk of damage or theft (outside of your control) where you live. Talk to a reputable insurance agent like those at Murvay Insurance of the Newport Beach, CA area to determine if comprehensive would be ideal for you.

Collision

This policy type covers any repairs that need to be done on your vehicle in the instance there’s a traffic accident, regardless of who’s at fault. Collision insurance also covers property damage, as well as damage to your automobile if you have an impact on buildings, trees, or anything else basically. A replacement vehicle may be available to you if your car or truck is deemed to be "totaled" by your insurance provider. Typically, it would have to be a vehicle that is at the same or lower market value than your current one.

Contact the agents at Murvay Insurance, serving Newport Beach, CA and beyond, with your questions about auto insurance. We’ll assist you in creating the best policy to fit your unique situation in California.

 

 

Should You Get Commercial Insurance for Your Home Business?

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A home business needs insurance protection just as much as any other business. Your home or renter’s insurance, however, isn’t designed to cover your home business needs. At Murvay Insurance in Newport Beach, CA, we offer customized commercial insurance coverage for home-based businesses, enabling you to get the exact protection you need. What type of insurance protection does your home business need?

  • Commercial Property – If your business requires the use of business equipment like a computer, printer or fax machine for daily operations, property insurance will protect these items against theft or damage due to fire, vandalism or other disasters. Your homeowner’s insurance protects your personal goods, not business property. With commercial property protection, you can invest in your business without worrying about financial loss.    
  • Liability – If you host business clients in your home, you could be held liable for accidental injuries or property damage they may sustain while on your property. Your home insurance won’t cover liability claims related to your home business. Commercial liability covers business-related liability claims and protects you against lawsuits if a client decides to sue for damages.   

If you offer professional services such as business accounting or financial consulting from your home, professional liability coverage can protect you against claims of negligence in the services you provide. 

If your home-based business involves production or distribution of products, product liability can protect you against injuries or property damage a faulty product may cause to a customer or seller.

  • Commercial Auto – If you use your personal vehicle for delivering products or visiting clients, you’ll need commercial auto insurance to protect your business against accidents that may occur during working hours.

To learn more about home-based commercial business coverage for your Newport Beach, CA enterprise, contact your Murvay Insurance agent today.

Do I need to have home insurance in California?

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The Newport Beach, CA area is a beautiful part of the country and also a great place to buy a home. If you are going to purchase a home in this part of the country, you will want to make sure that you are properly protecting it with home insurance. There are several reasons why you will need to have home insurance in California. 

Required by Lender 

One reason why you need to have home insurance is that it could be required by your home lender. If you have a mortgage, there is a good chance that your lender is going to require that you carry home insurance at all times. To ensure that your property continues to be properly covered at all times, many lenders will also require that you escrow your home insurance payments each month with your mortgage payment.

Association Rules

Many people in the Newport Beach area are also subject to a variety of home association agreements. These agreements often require that you have home insurance and provide evidence of it each year. The associations want you to have insurance as it will ensure you have liability coverage if you or your property causes damage to another and that you can rebuild your home if it is damaged by a fire or bad weather. 

If you are going to buy a home in Newport Beach, CA, you need to have good home insurance in place at all times. One company that can help you to do this is Murvay Insurance. When you work with the team at Murvay Insurance, you can learn a lot more about all of the home insurance options that you have. This will help you to choose the right policy for your situation and needs.