When choosing an insurance agency, you want a company you can trust. the Insurewest Insurance Services is a independent insurance agency. It doesn’t work for an insurance company; it works for you!
As an independent insurance agency, its duty is to its clients best interests. As your insurance agents, it is its responsibility to provide YOU the best service and the best coverage, at the best possible price.
Insurewest Insurance Services are a little old fashioned, if you want something done quickly, it will do everything it can to assist. Customer service is of paramount importance to it. ITs customers recommend it to their friends. Its expertise is based on well-trained experienced staff that can tailor a comprehensive insurance program for your specific needs. You will have the added benefit of working with agents who understand your needs. Finding the right policy is only the beginning.
When you become its client, you will receive:
• Practical and accurate information about your insurance policy and your insurance company.
• An agent who works for your best interests.
• Personal service.
• Whether you need to make a policy change, have a question about billing or need to report a claim its customer service representatives are the best in the business and will handle your request professionally and quickly.
what is insurance options in Insurewest Insurance Services?
Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.
An auto insurance policy is comprised of six different kinds of coverage. Most states require you to buy some, but not all, of these coverages. If you’re financing a car, your lender may also have requirements. Most auto policies are for six months to a year. Your insurance company should notify you by mail when it’s time to renew the policy and to pay your premium.
An auto insurance typically contains six separate and distinct parts:
1. Bodily Injury Liability : for injuries the policyholder causes to someone else.
2. Property Damage Liability : for damage the policyholder caused to someone else’s property.
3. Medical Payments or Personal Injury Protection (PIP) : for treatment of injuries to the driver and passengers of the policyholder’s car. At its broadest, PIP can cover medical payments, lost wages and the cost of replacing services normally performed by someone injured in an auto accident.
4. Collision : for damage to the policyholder’s car from a collision. The collision could be with another car, a light post, fire hydrant, etc…
5. Comprehensive : for damage to the policyholder’s car that doesn’t involve a collision with another car. Covered risks typically include fire, theft, falling objects, missiles, explosion, earthquake, flood, riot and civil commotion.
6. Uninsured Motorist : for treatment of policyholder’s injuries as a result of a collision with an uninsured driver. Underinsured motorist coverage can also be included in an auto policy. Underinsured motorist coverage comes into play when an at-fault driver has auto liability insurance, but the limit of insurance is inadequate to pay for your damages.
What type of insurance do I need for a condominium?
If you have purchased a condo or co-op, the bank will require insurance to protect its investment in your home. You may, however, need more insurance to cover your personal items, liability or fees that may be charged to you regarding shared areas of the building like the lobby.
You will need two separate policies to protect your investment:
• Your own insurance policy.
This provides coverage for your personal possessions, structural improvements to your apartment and additional living expenses if you are the victim of fire, theft or other disaster listed in your policy. You also get liability protection.
• A “master policy” provided by the condo/co-op board.
This covers the common areas you share with others in your building like the roof, basement, elevator, boiler and walkways for both liability and physical damage.
To adequately insure your apartment, it is important to know what structural parts of your home are covered by the condo/co-op association and what are not. You can do this by reading your associations by-laws and/or proprietary lease. If you have questions, talk to your condo association, contact us or family attorney.
Sometimes the association is responsible for insuring the individual condo or co-op units, as they were originally built, including standard fixtures. The individual owner, in this case, is only responsible for alterations to the original structure of the apartment, like remodeling the kitchen or bathroom. Sometimes this includes not only improvements you make, but those made by previous owners.
In other situations, the condo/co-op association is responsible only for insuring the bare walls, floor and ceiling. The owner must insure kitchen cabinets, built-in appliances, plumbing, wiring, bathroom fixtures etc.
Also ask us about the following additional coverages:
• Unit assessment.
This reimburses you for your share of an assessment charged to all unit owners as a result of a covered loss. For instance, if there is a fire in the lobby, all the unit owners are charged the cost of repairing the loss.
• Water back-up.
This insures your property for damage by the back-up of sewers or drains. Water back-up may not always be included in a policy. Check to see that it is included.
• Umbrella liability.
This is an inexpensive way to get more liability protection and broader coverage than is included in a standard condo/co-op policy.
• Flood or earthquake.
If you live in an area prone to these disasters, you will need to purchase separate flood and earthquake policies. Flood insurance is available through FEMA’s National Flood Insurance Program. Both flood and earthquake insurance can be purchased through your insurance agent.
• Floater or endorsement.
If you own expensive jewelry, furs or collectibles, you might consider getting additional coverage since there is generally a $1,000 to $2,000 limit for theft of jewelry on a standard policy.
Homeowners insurance is a package policy and provides financial protection against disasters. A basic (or standard) policy insures the home itself and the things you keep in it. This means that it covers both damage to your property and your liability (or legal responsibility) for any injuries or property damage you or members of your family cause to other people. This also includes damage caused by your pets.
Disasters are covered, but there are exceptions:
• Poor maintenance
You must buy separate policies for both flood and for earthquake coverage. Maintenance related issues are the homeowner’s responsibility.
You may be wondering… “How much homeowners insurance do I need?”
That is a great question and one that is often overlooked. The simple answer is, you need enough insurance to cover the following:
• The structure of your home: you need enough to cover the cost of rebuilding your home at current construction costs (don’t include the cost of the land and don’t estimate based on the price you paid for your home). For a quick estimate of the amount of insurance you need, multiply the total square footage of your home by local building costs per square foot.
• The contents of your home: (personal belongings)
• The cost of additional living expenses: (if your home is damaged in such a way that you have to live somewhere else during repairs)
• Your liability to others
Choosing the right insurance policy is much like choosing the right bike. You want it to fit your needs and lifestyle, but at the same time be within your budget. Although most states require you to carry a minimum amount of liability coverage, other types of coverage are usually optional. Ask it about which laws apply in your state.
The key to finding which coverage is best for you involves learning about all the options available.
• Liability coverage
Liability insurance covers bodily injury and property damage that you may cause to other people involved in an accident. It doesn’t cover you or your motorcycle. Find out if your coverage includes Guest Passenger Liability, which provides protection in the event that a passenger is injured on the motorcycle. Whether or not this is included depends on the laws of your state and the company issuing the policy.
• Collision coverage
Collision insurance covers damage to your motorcycle if you are involved in an accident. Your insurance company pays for damages, minus your deductible, caused when you collide with another vehicle or object. Collision insurance usually covers the book value of the motorcycle before the loss occurred.
• Comprehensive coverage
Comprehensive coverage pays for damages caused by an event other than a collision, such as fire, theft or vandalism. However, just like collision coverage, your insurance company will pay for damages, minus your deductible, and cover only the book value of the motorcycle.
Keep in mind most comprehensive and collision coverages will only cover the factory standard parts on your bike. If you decide to add on any additional optional accessories such as chrome parts, a custom paint job, trailers or sidecars, you need to look into obtaining additional equipment coverage.
• Uninsured motorist coverage
Uninsured motorist coverage pays for medical treatment, lost wages and other damages if a driver who has no insurance hits you. If your uninsured motorist coverage includes property damage, then your cycle would also be covered under the same circumstances. Check with your insurance professional to see if property damage is included or needs to be purchased separately.
• Underinsured motorist Coverage
Underinsured motorist coverage is similar to uninsured motorist coverage, except it applies when the other party has lower coverage limits than you do and damages exceed the other party’s limits.
The success of a business, whether it’s a tiny enterprise run out of a basement or a large corporation, is largely dependent on hard work and ingenuity.
However, no matter how industrious you are, one disaster can wipe out all your profits and even destroy your business. The key to making sure that all the effort and money you have invested in a business doesn’t disappear when a disaster strikes is to protect it with the appropriate insurance.
how can i contact Insurewest Insurance Services?
127 W. Manchester Ave. Ste 02
Los Angeles, CA 90003
Phone: (323) 482-1878