Author: agentinsure

What is the state minimum for auto insurance in California?

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California requires all drivers to show proof of insurance when operating a vehicle on the highway or in the city. Is your coverage enough to meet the state’s liability requirements? The agents at Murvay Insurance can help you find the right auto insurance plan that covers you financially while also keeping you in compliance with state law. 

What is the state minimum for car insurance?

The state of California requires all drivers to show proof of liability coverage that includes at least $15,000 per person, or $30,000 per incident, for bodily injury. Drivers must also have property damage coverage that equates to at least $5,000 in coverage. California is unique in its auto insurance requirements by mandating drivers to carry uninsured/underinsured motorist coverage that is no less than $15,000 per person, or $30,000 per incident, per accident. 

The minimum policy limits as required by the state will keep you in compliance with the law. Such stipulations do not prevent a lawsuit in the instance that you cause damage in an accident that exceeds your policy’s limits. Such is the reason why you may want to purchase more insurance in Newport Beach, CA.

How much car insurance do you need?

Your policy limits should depend on a number of factors. First, you want car insurance that pays to have your vehicle replaced in the instance that it is destroyed in an accident. An indemnity plan that is not enough for you to recover is probably not enough for the next person to get back on his or her feet if you cause an accident that leads to significant losses. 

You also want to consider an insurance policy that offers legal representation in the instance that your case goes to court. The best insurance plans in Newport Beach, CA provide drivers with a strong legal team that works to ensure equality in lawsuits. 

The agents at Murvay Insurance are in the business of finding the best auto insurance plans for California residents. Call today to get started with a quote for coverage!

3 Tips for Buying Commercial Insurance in Newport Beach CA

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Newport Beach, CA is a great place to live and work. If you own a business in this area, it’s imperative to have the right commercial insurance policy whether you’re just starting out or have been in business for years or decades. Each year, it is important to update your commercial insurance as your business grows or reduces in size. This is also the perfect time to reconsider your current policy altogether and see if you can save money in the process. Read on to learn about three ways you can save money on your commercial insurance.

1. Work with a Reputable Agent

The purpose of commercial insurance is to protect your business, employees, and customers. Considering the necessary function of this policy, you’ll want to be sure you understand the coverage, rather than being left with any negative surprises down the road. For this reason, it’s important to work with a reputable agent from Murvay Insurance to help you navigate through the different policies and find the one that offers everything you need for your unique business.

2. Compare Several Quotes

Not all commercial insurance policies are the same. They cover different things and cost different amounts. That’s why it’s so important to compare several quotes before making a decision. Furthermore, don’t be hasty in your decision. Take your time, ask questions, get clarification and when you feel ready, then make your decision.

3. Bundle Your Policies

To save money on your premiums (and what business doesn’t LOVE to save money?) consider bundling all of your insurance policies under one carrier. 

To learn more about commercial insurance and getting the best policy for your business, contact the team at Murvay Insurance, serving the Newport Beach, CA area today. 

5 Ways to Prepare Your Home for Fall

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With summer coming to an end, you may be contemplating ways to prepare your home for fall. By starting early, you can be fully prepared before the onset of fall and winter holidays. Here are a few ideas to help you get started from Murvay Insurance in Newport Beach, CA.

Clean Your Gutters

The end of summer is a good time to clean your home’s gutters in preparation for rainy weather in fall. Clogged drains and gutters can pose the risk of water leaking into your home and causing water damage. At the same time, you can check for gutter damage and make necessary repairs.

Declutter Your Home

With the kids back in school, you’re bound to have more traffic in and out of your home. Clutter in hallways and stairs can lead to accidents. By preparing a place to store school bags, sports equipment, and other items, you can make your Newport Beach CA home a safer (and prettier) environment.

Upgrade Lighting (Inside and Out)

There’s less daylight during fall and winter, making it important to have sufficient lighting in your home to avoid accidents. Indoor energy-efficient lights will brighten your environment without raising energy costs. Outdoor motion detection lights will safeguard visitors during evening events and provide extra security for your family.

Put a Fresh Coat of Paint on Walls

Give your interior a new look with a fresh coat of paint on the walls. Painting your walls will create an attractive, welcoming setting for guests as they visit for the holidays.

Contact Your Murvay Insurance Agent to Update your Policy  

Review your home insurance policy to ensure you have adequate coverage for the holidays. Adequate coverage will protect your assets in the event of disaster or accidents.

For customized home insurance to protect your investments, contact Murvay Insurance in Newport Beach, CA.

Does Auto Insurance Cover the Damage to Personal Property in a Wreck?

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Everyone carries personal possessions in their car and odds are you have a thing or two in your car right now that you may not necessarily need with you. That said, what happens if you are in an accident and these items are destroyed? For those looking for insurance coverage in the Newport Beach, CA area, the agents with Murvay Insurance can help you find a policy that is going to work best for you.

In regards to those personal effects that you have been carting around in your car, your insurance does cover them but not each item specifically. You do get some money in terms of liability settlement when you have an accident with which you can replace the items that were damaged or destroyed. If you have items that are very expensive, you should have coverage on them specifically to help make sure that they are going to be safe if you do have an accident. Items like very expensive electronics, expensive jewelry, and other items that are going to cost a great deal to replace will be best covered if you have a separate policy just for them.

You can get a bigger payout in some cases if you do prove to your insurance agency that the item was destroyed as a direct result of the wreck and the damage that it caused. Your personal property is something that you should be thinking about protecting each day so you can be sure that no matter what, you are going to be able to recover if your things are destroyed. You can always speak with an agent like those at Murvay Insurance in the Newport Beach, CA area to find out just what your policy covers and what additional coverage you may need.  

Does Auto Insurance Cover the Damage to Personal Property in a Wreck?

Posted on by agentinsure

Everyone carries personal possessions in their car and odds are you have a thing or two in your car right now that you may not necessarily need with you. That said, what happens if you are in an accident and these items are destroyed? For those looking for insurance coverage in the Newport Beach, CA area, the agents with Murvay Insurance can help you find a policy that is going to work best for you.

In regards to those personal effects that you have been carting around in your car, your insurance does cover them but not each item specifically. You do get some money in terms of liability settlement when you have an accident with which you can replace the items that were damaged or destroyed. If you have items that are very expensive, you should have coverage on them specifically to help make sure that they are going to be safe if you do have an accident. Items like very expensive electronics, expensive jewelry, and other items that are going to cost a great deal to replace will be best covered if you have a separate policy just for them.

You can get a bigger payout in some cases if you do prove to your insurance agency that the item was destroyed as a direct result of the wreck and the damage that it caused. Your personal property is something that you should be thinking about protecting each day so you can be sure that no matter what, you are going to be able to recover if your things are destroyed. You can always speak with an agent like those at Murvay Insurance in the Newport Beach, CA area to find out just what your policy covers and what additional coverage you may need.  

How Newport Beach Businesses Can Protect Themselves with Commercial Insurance

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Owning a business in the Newport Beach, CA area can be a great option as the local economy continues to be very strong and there is a lot of consumer demand. While a business can do very well in this area, there are also many risks that a business faces on a daily basis. One way that some of these risks can be properly managed and mitigated is by getting a quality commercial insurance policy. Commercial insurance can protect a business a number of ways.

Provide Liability Protection

Any business is taking on some liability risk whenever they meet with a customer or provide a service. Due to this risk, it is important that you find ways to manage liability. One of the best ways that a business owner can do this today is by getting a liability insurance policy. This will provide you with very valuable liability protection for a variety of situations.

Protect Assets

A business owner will have to invest a lot of money in a variety of business assets. One of the best ways that this investment can be protected is through a commercial insurance policy. This type of insurance will provide protection for the covered assets in the event of a fire, storm damage, theft, or other potential losses. 

If you are an owner or manager for a business in the Newport Beach, CA area, it is very important that you ensure that you are properly taken care of. When you are evaluating your insurance needs, you should speak with the professionals at Murvay Insurance. The team at Murvay Insurance knows all of the unique risks that businesses deal with on a daily basis. They can then help you to mitigate these risks with a quality commercial insurance policy.  

Insuring Your Summer Home In Newport Beach, CA

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You know the importance of homeowners insurance on your primary residence, but things can get a little bit tricky when you own multiple properties. Insuring your summer home is important, and it can make sense to take out an even more protective insurance policy on your home away from home. At Murvay Insurance, serving Newport Beach, CA, we understand the importance of insurance on your second home.

First, think about location. Many summer homes are in areas that are more prone to weather-related damage than primary residences. Is your vacation home located near a beach, or in a mountain area known for severe weather? If so, you may want to purchase additional protection to keep your home safe in case of weather damage. 

Second, are you going to rent out your home to others? If so, you may want to take extra precautions when it comes to your insurance policy. You vet the people staying in your home, of course, but it’s hard to know exactly what will happen when you aren’t there. Amping up your insurance policy is smart if you use a service like VBRO or AirBnB to rent out your home, especially if you depend on the income you earn from renting. 

Lastly, do you have a pool or a hot tub attached or adjacent to your home? If so, it’s important that your policy covers personal injury and damages related to these structures. Your agent can talk to you about the type of coverage that makes the most sense for your pool or hot tub. 

Whether your second home is on the beach or a part of a ski resort, it’s important that you talk with an insurance agent who gets your needs. Stop into Murvay Insurance, serving Newport Beach, CA today- we’ll help you find the policy that makes sense for you.

Is auto insurance required in California?

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Sunny days and cool nights seem to be a signature for California life. There is, however, more to the state than beautiful beaches and picturesque mountains. California is home to thousands of drivers and, thus, has one of the highest records for accidents in the country.

With the probability of you having at least a fender-bender while driving in Newport Beach, CA fairly high, it is important that you understand the basics of auto insurance.  Do you really need car assurance if you live in California, though? The agents at Murvay Insurance can help you sort things out.

California auto insurance requirements

The state of California requires all drivers to furnish proof of financial responsibility. Most auto owners choose to purchase an indemnity policy that satisfies the minimum requirements in the state.

You need the following to legally drive in Newport Beach CA and throughout the region:

  • At least $15,000 per person for bodily injury. A minimum of $30,000 is required per accident for bodily injury.

  • A minimum of $5,000 per accident for property damage.

  • Uninsured motorist coverage for at least $15,000 per person and $30,000 per accident, at a minimum.

Of course, you would likely want to purchase a policy that exceeds the state’s minimums as one at-fault accident in California can lead to damages that far exceed the $5,000 minimum coverage for property damage and $15,000 per person for bodily injury.

Is auto insurance the only way to prove financial responsibility?

Many assume that California requires auto insurance because such is the way that many drivers go. In reality, individuals who furnish proof of a cash deposit of at least $35,000 with the department of motor vehicles (DMV) is an acceptable form of financial responsibility. Still, a cash certificate does not exempt you from a lawsuit if the damages that you can exceed $35,000.

The agents at Murvay Insurance can help you find the auto insurance policy that works best with your lifestyle. Call them today for a quote!

What do I need to know about Commercial Claims?

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When it comes to making insurance claims for businesses, many people think they can just make a claim when a loss or catastrophe occurs and wait. However, there are certain things these business owners need to know, so they won’t be blindsided. There are some different details to be aware of with commercial insurance claims than there are with regular insurance claims. This is especially true when it comes to living in some states like California. Thus, the following include certain things you should know about concerning commercial claims when you live in Newport Beach, CA or other areas in the state of California:

1. Deductible 

You must pay this before the insurance agency will pay the claim. 

2. Loss of Control and Prevention

Loss control services are usually implemented into a higher premium account of higher risk as part of the total insurance package.

3. Other Information Concerning Premiums

To lower your premium, there are various things to do for a greater modification allowed that will lead to a better claims experience. Having a top-notch insurance agent will guide you with this.

Conclusion

For more information, Murvay Insurance is the one to turn to. Located in Newport Beach, CA, Murvay Insurance has highly trained agents that know the details concerning commercial insurance in the state of California.  They have a full array of top-notch insurance affiliations. Thus, this agency can get your business set-up with the right product. They will also customize commercial insurance accordingly to meet your needs. 

So, to make sure your business is properly covered, contact them today. They can be reached at their location, by phone, or via email.

Factors to Consider When Choosing Home Insurance

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Choosing a Home Policy

Home insurance is necessary in California with how many things can go wrong, so it’s important to pay attention to these factors in order to choose the right insurance.

  • Replacement Cost: Check with an agent at Murvay Insurance to see if you are covered under 100% replacement cost. This may be recommended, even if you still don’t have a mortgage, if you want to rebuild your home after a major loss. This isn’t the market value of the house, but rather the cost to rebuild it in the event of a total loss.
  • Your Deductible: The higher your deductible, the less you will have to pay on your premiums. However, you will be on the hook for your deductible if you need to file a claim. Deductibles used to be around $500 but are creeping up toward $1,000. If you can swing it, choose a deductible that is higher to save on premiums.
  • High-Value Items: If you have a lot of valuables, you may need some extra coverage. Some of these items that need additional coverage include electronics, furs, jewelry, and fine arts. Be sure to get an appraisal on these items, so you can ensure that you have enough coverage.
  • What’s Not Covered in Your Policy: Certain things aren’t covered under homeowners insurance in California, such as damage from earthquakes and floods. Pay attention to anything not included in your policy, so you can be sure to add it if possible or look at additional ways to get coverage.
  • Your Location: The location of your home is going to matter. Homes that are near a fire hydrant may be cheaper to insure. Homes that are located in a community with a professional fire department nearby may also be cheaper than homes where there are only volunteer firefighters.

Contact Murvay Insurance to get a quote on home insurance.