Insurance Incorporated

When applying for business insurance of any type it is extremely important that you provide not only the legal name of your business, but any d.b.a.’s (Doing Business As). Why you ask? Because if  a lawsuit is filed against a name that is not listed on the policy you may find yourself without coverage. This includes sole proprietorships and partnerships. Make sure all parties on a sole proprietorship (spouses) or, partnership are listed on the policy. The cost to include the extra names is usually nothing as long as the names do not pertain to a different set of operations.

In order for a child to be exempt from a surcharge on a child only health insurance  plan  the child must enroll within the month of their birthdates or have had prior continuous coverage during the 90 day period prior to submitting the application to be exempt from the surcharge.

Enrolling outside of an enrollment period may result in higher rates. as much as 20% for a period not greater than 12 months if the applicant did not have continuous coverage during the 90 days prior to the date of the application and is not a late enrollee compared to the rates available during an open enrollment period. 

Applicant may also qualify for late enrollment if they meet other qualifying events. Those events include:

* Loss of coverage due to:

1. Termination or change in employment status of the child or the person whom the child was cvovered

2. Death, of the person through whom the child was covered

3. Cessation of employers contribution.

4. Legal separation or divorce

5. Loss of coverage under Healthy Families Program, Access for Infants and Mothers Program or Medi-Cal Program

6. The adoption of a child.

* The child became a resident of California during a month that was not the childs birth month

*The child is born as a resident of California and did not enroll in the month of birth

* The child is mandated to be covered pursuant to a valid state or federal court order

* The child is within 63 days from their date of birth or adoption

Please note that children must apply for coverage within 63 days from the qualifying event in order to be considered a late enrollee.

For more informationcontact one of our offices in Southern California (City of Industry, Fillmore or Riverside) for a free quote call our office at 877-898-9333

Its already covered.

Even the best homeowners policy may be limited in the protection of your valuables.  Generally homeowners policies have limits of $1,000 – $2,000 maximum on jewelry and coverage is limited.  A personal articles or jewelry policy provides broader coverage for theft, mysterious disapperance or damaged and offer higher limits of insurance.

It’s too expensive

Standard coverage for jewelry worn regularly costs one to two percent of the items appraised value. If you typically keep it in a bank vault the rates are considerably less, about one third the cost.  You are only charged the higher rate when you take your jewelry out of the vault.

It’s too much work

The prospect of obtaining appraisals for all your jewelry can seem daunting. Some carriers only require appraisals on items valued at $50,000 or more. A good description  and estimated value may suffice.

My Jewelry isn’t vulnerable.

Perhaps you have taken extra efforts to protect your jewelry, including the installation of a home security system and periodic maintenance with a professional jeweler. But there is still risk. Every year, nearly $1 Billion of jewelry disappears in the United States, according to the U.S. Dept. of Justice. By itemizing your jewelry with a personal articles policy you don’t have to worry about an accidental loss, chipped or stolen item since a personal articles policy covers these perils. A Homeowners policy may not cover mysterious disappearance or damage.

For more information or a quote on jewelry, fine arts, musical instruments or stamp and coin collection contact our office at 877-898-9333 or log into www.insuranceinc.com for more information

Our agency will donate $20 to the Riverside Poly High School Marching Band when you insure with us!

How does your insurance company stack up with Mercury Insurance?

Contact us today for a fast, free quote to see how much you can save! If you are a college graduate don’t forget to ask about additional discounts!

Call 877-898-9333 or log onto www.insuranceinc.com today for more information!

Graduating from college is a huge accomplishment. In fact in 2007 only 29% of all Americans had earned a bachelors degree. So attaining a college degree puts you in a pretty exclusive club and hopefully, better prepares you for the exciting life ahead.  One downside to leaving campus and entering the “Real world” is losing your school sponsored health insurance benefits. So what is a new grad to do?

Unless you have a job lined up that offers benefits, you will need to find a way to cover yourself. Sure it’s easy to opt out of health coverage as you are probably a young health kid. But this is not a wise decision.

While you are in search of a new career you can get health benefits through your parents until age 26 under the new Obamacare. You can also consider going out and finding your own coverage. By utilizing the resources of Insurance Incorporated, an indpendent insurance agency, you can shop the top carriers in the country with one phone call to find you health coverage that is affordable and reliable. Our dedicated agents will take the time to find you a policy that you are comfortable with.

Contact us today at www.insuranceinc.com

Whats new at Insurance Incorporated you ask–well this month, we’re giving away 4 field level tickets to an Angel game! It’s easy to participate, just simply fill out our quick contest form. Drawings will be held on April 2nd, 2011.

How do you feel about your current auto, home, or business policy? Has it been updated recently to coordinate with any changes that have happened in the last year? Are you comfortable with your coverage? Do you think you could be getting a better value?

While you’re at insuranceinc.com to enter for a chance to win 4 tickets to the Angels game why not grab a free quote to see if we could be saving you more!

According to the California Earthquake Authority, “the tragic tsunamis and Magnitude 8.9 earthquake that have struck Japan – the fifth largest quake in the world since 1900 – are a stark reminder that earthquakes can happen any time and it’s essential to prepare.”

Boston-based catastrophe modeling firm AIR Worldwide’s most recent statement, based on “currently available information, estimates that insured property losses from the Mw9.1 earthquake that struck Japan on Friday will range between 1.2 trillion JPY to 2.8 trillion JPY. Using today’s exchange rate of 81.85 JPY to the dollar, this translates to a range of between $15 billion and $35 billion.”

It is hard to bear the traumatic event that occured in Japan. It’s a reality-check of what could happen to virtually anyone, and not everyone is prepared to face such a tragic ordeal, which is why, it is a lesson learned for us Californians to be prepared. “Preparing for earthquakes is critical, not just in California but in all the other seismic regions throughout the United States,” CEA CEO Glenn Pomeroy said. “The simple truth is that our country is not adequately prepared for the destruction – and financial devastation – from the “Big One” that strikes closer to home.”

According to the Insurance Journal, “California houses two-thirds of the nation’s earthquake risk,with most residents living within 30 miles of a major fault. But just 12 percent of homes with fire insurance also have earthquake coverage.” We see the destructive damage that earthquakes can cause, so it is most important that we really consider purchasing earthquake insurance, as they have said, the “big one” is coming.

Earthquake insurance can be purchased through CEA or we could be of assistance. Here at Insurance Incorporated we offer many markets that have earthquake coverage. Keep in mind, your homeowners policy does not cover damages caused by earthquakes and floods. They are their own seperate policies!

A tsunami wave levels Natori. (Kyodo News/AP)

8.9 earthquake devstated Japan that ignited a tsunami leaving hundreds dead and thousands injured. Our sincere and deepest prayers goes out to those in Japan.

In a statement released Friday, the President also promised Japan that the United States “stands ready to help.”

“Today’s events remind us of just how fragile life can be.  Our hearts go out to our friends in Japan and across the region, and we’re going to stand with them as they recover and rebuild from this tragedy,” Obama said during a press conference, adding that the White House would “continue to closely monitor tsunamis around Japan and the Pacific.”

Heavy rain overwhelmed Southern California this past President’s Day weekend. When heavy rain falls, so is the chance of water and flood damage to your home! You want to make sure you are prepared as flooding is the nation’s leading nautral disaster.

The National Flood Insurance Program (NFIP) is a Federal program enabling property owners in participating communities to purchase insurance as a protection against flood losses. Participating in the NFIP is based on an agreement between communities and the Federal Government. The program is administered by the Federal Emergency Management Agency (FEMA) and provides flood insurance protection to property owners, renters, and business owners in communities that participate in the program. The House subcommittee on Insurance, Housing, and Community Opportunity will hold a hearing on the future of the National Flood Insurance Program (NFIP) on Wednesday, March 9.

FLOOD INSURANCE COVERAGE

In general, coverage is provided for direct physical loss to the property from a flood which is described as:

A general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties (at least one of which is your property) from:

a. Overflow of inland or tidal waters
b. Unusual and rapid accumulation or runoff of surface waters from any source
c. Mudflow – defined as a river of liquid and flowing mud on the surfaces of normally dry land areas such as when earth is carried by a current of water. Landslide, slope failures, or saturated soil moving down a slope are not mudflows.

In general, the policy excludes losses caused by:

Earth movement, even if the earth movement is caused by flood. Examples of excluded earth movement include:

Earthquake;
Landslide;
Land subsidence;
Sinkholes;
Destabilization or movement of land resulting from accumulation of water;
Gradual erosion;

The maximum limits available are:

Residential – $250,000 for the structure and $100,000 for the personal property

Commercial- $500,000 for the structure and $500,000 for the contents

Act Before March 1^st to get Lower Premiums for the Health Care Your Children May Need!!

Due to many employers cutting back on employers health insurance, more families are resorting to purchasing insurance on their own for their child or family. That being said, Californians need to start shopping around in these “individual markets” to find the right protection. However, it can be expensive. The California Department of Insurance had announced new health care options for uninsured children. Keep these in mind when you are shopping around:

• No More Denials for “Pre-Existing Conditions”
  Because of the new federal health care law, all children must be offered health coverage if they apply. Insurance companies can no longer deny kids coverage because of a “pre-existing condition” like asthma or diabetes.
• Apply Before March 1^st to Avoid Much Higher Costs
  If you wait and apply after the “open enrollment period” ends on March 1^st, you could face much higher premium costs since there are no limits on premiums outside the open enrollment period. After March 1st, the next “open enrollment period” is the month your child was born. For example, if your child’s birthday is August 8^th, you can apply during the entire month of August, without facing significantly higher premiums. (There are other open enrollment periods based on changes in family circumstances such as a birth, divorce, job loss, or loss of public coverage.)
• Keep Your Children Insured to Avoid Higher Costs
  You may face a significant penalty premium increase (20 percent) if you let your child’s coverage end and then apply again, so keep your children insured.
• You Have Protections if Your Child is Denied Coverage
  Remember, the health care law means that no child should be denied insurance for health reasons. If your child is denied coverage for any reason, call the state health insurance hotline at 1-888-466-2219.