Homeowners Insurance

Protects your home from everyday risks.

Contact us for a FREE homeowners quote today!

Contact us for a FREE homeowners quote today!

Homeowners Insurance

Proper protection for you, your family, and the assets you work so hard to earn are the reason our agency exists. In many cases, we do not provide instant quoting for several important reasons. People rely on our knowledge and expertise to coordinate their insurance program. Without this professional assistance, many people find they may have dangerous gaps in their coverage and may be personally liable for losses which were unknowingly omitted.

Types of insurance we can help you with:

Homeowners

The protection coaches at Stromsoe Insurance Agency recognize the responsibility that comes with being a homeowner. There are so many different things that come with owning and maintaining a house. Furthermore, we understand that it is vital to protect your home and those who live inside, with a top-notch Murrieta, CA homeowners insurance policy.

After all, your home is most likely your most valuable asset, and one that should be properly insured. Luckily we make this process extremely easy for you and our customers.

How to save money and get better coverage on your homeowners insurance:

  1. Click here for a Murrieta, CA homeowners insurance quote
  2. Fill out the form and/or upload your most current homeowners insurance coverage info
  3. We find the coverage and rate you’re looking for!

It really couldn’t be easier.

You see, the Stromsoe Insurance Agency Total Protection Team has many agents who are proud to be homeowners too, which is exactly why we are committed to helping you navigate through this critical policy decision.  That’s exactly what it is — a decision. There are so many different coverages, limits, conditions, and endorsements in a homeowners policy, that it truly takes much more then an apples-to-apples quote to see if you’re getting the best deal.

Because we have so much experience with homeowners insurance, we can help you navigate through your policy, including the fine print, to ensure that you’re getting what you’ve been paying for.

Don’t just guess if you have good homeowners insurance

You’ve worked hard to secure yourself a safe and inviting place to call your own—now the next logical step is protecting you and your property from the unexpected.

Because we are a local, Murrieta independent insurance agency, we have the ability to shop from over 17 top-rated homeowners insurance companies, comparing rates and coverage packages, resulting in the best possible CA homeowners insurance. No matter where you are located across the state of California—we’re here to help you protect your home and your family.

Whether you need a homeowners policy in Murrieta, a condo policy in Temecula, a renters policy in Corona, or a landlord policy in Wildomar, we can find you the right coverage at the best possible price.

Typical homeowners insurance coverages to be familiar with:

  • Dwelling (the physical structure of your home)
  • Replacement cost coverage (for the dwelling, other structures, and personal contents)
  • Additional living expense (so you can live somewhere else while your home is being rebuilt or repaired)
  • Personal & Family Liability (in case you or a household member is found liable for someone else’s injury or property damage)

Looking for specialty coverage, for those unique exposures vulnerable within your standard home insurance policy? Our fully adaptable policies can be customized with further endorsements, which may be purchased, to enhance your homeowners insurance! California clients can benefit from additional coverage options, including:

  • Valuable Articles/Floater Insurance policies (i.e. Jewelry Insurance)
  • Flood Insurance policies
  • Earthquake insurance policies
  • Umbrella Insurance policies (additional liability)
  • Animal Liability (liability issues due to household pets)

At Stromsoe Insurance Agency, we know what may work for one homeowner, won’t necessarily work for you. This is exactly why we aim to create individualized insurance plans that reflect the distinct needs of you, your family and your unique home.

Other questions that are required to get the best price and coverage options for you:

  • How old is the roof on your home?
  • Do you have any animals or pets? If so, what kind ? If a dog, what breed?
  • Do you have a swimming pool? If so, is the pool or property completely fenced? Do you have a slide or diving board?
  • Have you had a home insurance claim at any property in the last five years?

No two homeowners policies are the same

It’s important to understand that different insurance companies have different appetites, rules, and underwriting requirements when comparing a homeowners insurance policy.

In our many years of helping people in Murrieta and all areas of California with their homeowners insurance, we’ve uncovered an unfortunate amount of mistakes, coverage limitations, and holes in policies that the homeowner never even realized existed. We’ve actually gained business from other insurance companies and exclusive agencies on many occasions because of this.

Often times these things happen because most insurance sales people, especially those who are not independent agents, are simply be trying to compete against another company’s price so they can get the business. This brings up another relevant point — no two insurance agents are the same either. Agents who are not independent, and who don’t have a wide selection of insurance companies to choose from (like we do) are often times forced to cut back coverages when a customer calls in about their increasing insurance premiums.

When you’re not an independent agent, that’s really the only way you can lower a customers’ rate and keep the business.

Quality homeowners insurance without compromise

At Stromsoe Insurance Agency, you never have to sacrifice quality homeowners insurance protection just to shave off a few dollars from your premium.

Contact one of our friendly, helpful agents to help you learn more about your various coverage options, decide what is best for you and your family and receive your complete coverage review, as well as your free California home insurance quote today!

Renters

All renters insurance is not created equal. In fact, almost none of it is. There are lots of different policies out there, from hundreds of insurance companies. How do you find the best renters insurance policy and the best insurance company for you? You are here, that is a great first step!

As an insurance “insider” a licensed member of the “club.” we’ve helped thousands of people get the right insurance protection. We know what kind of insurance fits your needs. And we represent insurance companies that sell this kind of insurance at the best — lowest – price! Because we’ve specialized in the insurance needs of renters and their families, we have decided to dedicate ourselves to solving for you some of the mysteries of renters insurance.

Replacement Cost is A Must!

Your renter’s policy does not provide coverage for all potential catastrophes that could damage or destroy your home. Earthquake and flood are two “perils” for which there is no coverage. (You can get coverage for earthquake and flood damage in a separate policy)

There are different ways to insure your “stuff”. There are two types of coverage valuation: replacement cost and actual cash value. Replacement cost is better for you. In fact, we do not offer anything but a replacement cost policy.

So how much insurance should you have? Basically, unless you want to pay some of the costs yourself, you should insure your personal property for what it would cost to replace it if it is lost, stolen or there is a fire. How do you find this out? One of our friendly protection coaches can help you in no time.

Remember, renters policies also have limits on coverage for such items as jewelry, fine art, guns and other items. Please ask us to help you understand what these limits are. For example, the standard policy will provide a maximum of $1,000 coverage for your jewelry if it is lost or stolen. If you have lots of jewelry, fine art, guns or other valuables, you should consider purchasing a special personal property endorsement or “floater” that provides the coverage you need.

Speaking of need, you need to take written and visual (still pictures or video) inventories of everything you own in your home and in other buildings on the property. Include all furniture (indoor and outdoor), appliances, stereos, computers and other electronic equipment, hobby materials and recreational equipment, china, silverware, kitchen equipment, linens, jewelry and clothing. For the major items (computers, televisions, stereo systems, etc.), write down the serial number, make or model number, purchase price, present value and date of purchase of each item. If you have the receipts for the items, attach them to the inventory. Make at least two copies of the inventory and store one of those copies offsite — a safe deposit box is a good place. Store the pictures or video of the inventory offsite as well.

Liability Protection – Please !!!

We feel the liability protection you get – included – in your renters policy is the most important coverage provided by the policy. Think about this…..you have a few friends over for dinner.

Someone falls, hits their head in the wrong spot at the wrong angle and is seriously injured. In fact, they will never be the same…. It happens. What now? Even though you are renting at the time, you have a blossoming career. Are you ready for your wages to be garnished forever to pay for your friend’s medical expenses and damages?

9 Ways to Save $$$$$$$$$$$$$

Now that you know the basics of a renters insurance policy, here are 10 ways you can pay less. In many cases, you can get the same level of coverage for fewer dollars.

  1. One Insurer, Multiple Policies – Do you have an automobile insurance policy? If so, is it with the same insurance company that provides your homeowners insurance? If the answer’s no, you’re paying too much — for both policies. Almost every insurance company that sells homeowners insurance wants its policyholders to also buy auto insurance from that company. These insurers offer so-called multi-policy discounts. Usually, these discounts can be at least 10% — and some insurers apply the discounts to both the auto and the homeowners/renters policy.
  2. Raise Your Deductible – The deductible is the amount you pay before insurance kicks in if you have a claim. For example, if you have a $250 deductible and you file a claim for $1,000 in damage to your home, you pay the first $250 and your insurer pays the balance, $750. The higher the deductible you choose, the more you pay. Also, though, the higher deductible, the less you have to pay for your policy. Depending on the insurance company, you can save between 12% and 37% if you have a deductible of $500 to $5,000.
  3. New Is Better – Insurers really like newer homes. That’s because it’s less likely something will go wrong with the electrical, heating and plumbing systems. In addition, the structure itself is in better shape. Insurers offer discounts of as much as 8% to 15% or more if your residence is new.
  4. Location, Location, Location – Where do you live and what is your home made of? If you’re in the Eastern United States, it’s better from an insurance perspective to have a brick or masonry residence because such a structure has a greater resistance to wind damage. By contrast, frame homes are better in the earthquake-prone West. The right structure in the right region can save you 5% to 15%. Further, if your home is near a fire station, you will pay less for homeowners insurance. If you live in an area that is prone to flooding, you may be required to buy a flood insurance policy, which costs about $400 a year. If you are not required to buy the coverage and still live in a flood-prone area, your homeowners policy will not provide coverage for losses arising from flooding.
  5. Don’t Insure What You Don’t Have – Each year, you should review your policy to see what coverage you have for your possessions. If you have made a major purchase, you will want to increase your limits of coverage, but what if you sell something or some things? You don’t need as much coverage. Pay particular attention to items that are covered by endorsements or “floaters” to your policy, items such as jewelry and computer equipment.
  6. Better Safe(r) Than Sorry – Smoke detectors, burglar alarms and deadbolt locks are usually worth discounts.
  7. Where There’s Smoke . . . – There’s fire. Smoking (unattended cigarette butts, etc.) produces more than 23,000 residential fires in this country each year. That’s why some insurers have discounts if all the residents in a home are nonsmokers.
  8. Manage Your Risk – Some insurers adversely underwrite certain hazards such as trampolines (the #1 cause of lawsuits in the US), unfenced swimming pools, certain types of animals (dogs with a biting history), or business exposures on your premises. All of these items should be discussed before every purchasing a policy.
  9. Don’t Jump Around – If you’ve been with an insurer for a while and you like that insurer, stay put. Some insurance companies automatically have discounts for policyholders who have been with the companies for a certain number of years. For example, 5% for at least three years, 10% for at least five years.

Is Your Coverage Adequate?

We won’t kid you. There’s more to this insurance game than saving money. In fact, while it’s nice to lower your insurance costs, it’s probably even more important to make sure you, your loved ones and your assets are covered adequately. It’s not a pleasant thought, but insurance is about worst-case scenarios. It’s also about peace of mind, knowing that you have the worst-case scenarios covered.

Because we know peace of mind is so important, we are willing — actually, we are excited — to reveal to you the secrets about insurance. Secrets that ensure you have all the protection you need.

Why would we just give these secrets away? Because it’s just as good for our business as it is for you. We want to let you in on the knowledge we have accumulated as insurance industry professionals and insiders. We want to do this because we have found, time and time again, that generosity and the willingness to provide really great service and protection come back to us. Tenfold. In fact, that’s how we have built our business.

Three Steps to Protection

There are three basic steps you can take to protect your and your family’s financial well-being:

  1. Have an experienced, local independent insurance agent conduct a risk analysis of your home, car(s) and family. How can you adequately address your risks with insurance if you don’t even know what these risks are? I’ve found that most people face more risk than they know. Because everyone is different, it’s not like you can ask a friend or relative to assess your insurance needs — unless they are insiders in this business. If you haven’t had your risks assessed by an insurance professional, you could be inviting financial disaster. You need a professional, a knowledgeable insurance insider, to put together a comprehensive insurance plan that truly protects you. Our office will do that for FREE.
  2. Use an independent agent. There are several ways home insurance is sold in this country. Some people buy it by calling a toll-free number and talking to an employee of an insurance company. Others take advantage of direct mail offers. And some buy from agents who represent just one insurance company. A direct mail piece is not going to be able to assess your level of risk. Do you really want an insurance company employee to be your agent? And what happens if the agent who represents just one company doesn’t have the kind of insurance coverage you need? You need someone who’s going to work for you. And you need someone who can offer you several options. Someone who can go to numerous insurance companies and compare their products and prices. Someone who, if necessary, can place parts of your insurance program with more than one company. Do you want a good price? Do you want options and flexibility? And do you want protection against worst-case scenarios? There’s only one option here: Use an independent agent.
  3. Don’t trust the financial protection of you, your family and your assets to an insurance agent who is not an experience professional, independent agent. A specialist? Absolutely. Look, insurance is a huge industry. There’s insurance for everything. And nobody can specialize in all of it. In fact, a professional independent agent can specialize in only a few niches — and really understand them. And I do. I’ve studied the renters insurance market in our community for years.

We know:

  • Which renter’s insurers have the best rates
  • Which give the most discounts
  • And which provide the best claim service

We will give you this information for FREE. No charge. No obligation. We do this because we’ve built our business on our reputation. We never hard-sell insurance. We’re in the service business. The better service we and protection we provide, the better it is for all of us.

At Stromsoe Insurance Agency, you never have to sacrifice quality renter’s insurance protection just to shave off a few dollars from your premium.

Contact one of our friendly, helpful agents to help you learn more about your various coverage options, decide what is best for you and your family and receive your complete coverage review, as well as your free California renters insurance quote today!

Condos & Townhomes

All Condo Owners insurance is not created equal. In fact, almost none of it is. There are lots of different policies out there, from hundreds of insurance companies. How do you find the best condo insurance coverage and the insurance company that is best for you? You are here, that is a great first step!

As an insurance “insider”, a licensed member of the “club.”, we’ve helped thousands of people get the right insurance protection. We know what kind of insurance fits your needs. And we represent insurance companies that sell this kind of insurance at the best — lowest – price! Because we’ve specialized in the insurance needs of condo owners and their families, we have decided to dedicate ourselves to solving for you some of the mysteries of condo owners insurance.

Replacement Cost is A Must!

Your condo policy does not provide coverage for all potential catastrophes that could damage or destroy your home. Earthquake and flood are two “perils” for which there is no coverage. (You can get coverage for earthquake and flood damage in a separate policy)

There are different ways to insure your “stuff”. There are two types of coverage valuation: replacement cost and actual cash value. Replacement cost is better for you. In fact, we do not offer anything but a replacement cost policy.

So how much insurance should you have? Basically, unless you want to pay some of the costs yourself, you should insure your personal property for what it would cost to replace it if it is lost, stolen or there is a fire. How do you find this out? One of our friendly protection coaches can help you in no time.

Remember, condo policies also have limits on coverage for such items as jewelry, fine art, guns and other items. Please ask us to help you understand what these limits are. For example, the standard policy will provide a maximum of $1,000 coverage for your jewelry if it is lost or stolen. If you have lots of jewelry, fine art, guns or other valuables, you should consider purchasing a special personal property endorsement or “floater” that provides the coverage you need.

Speaking of need, you need to take written and visual (still pictures or video) inventories of everything you own in your home and in other buildings on the property. Include all furniture (indoor and outdoor), appliances, stereos, computers and other electronic equipment, hobby materials and recreational equipment, china, silverware, kitchen equipment, linens, jewelry and clothing. For the major items (computers, televisions, stereo systems, etc.), write down the serial number, make or model number, purchase price, present value and date of purchase of each item. If you have the receipts for the items, attach them to the inventory. Make at least two copies of the inventory and store one of those copies offsite — a safe deposit box is a good place. Store the pictures or video of the inventory offsite as well.

Typical Condo Owners insurance coverages to be familiar with:

  • Dwelling or Additions and Alterations- Yes, we know the association has a master policy. There are also CC&R’s that dictate who pays what. There is a “gray area” between the walls and below the floor that, in most cases, you are responsible for. We have had hundreds of claims like this over the years. You need special protection called “Addition and Alterations Coverage”
  • Replacement cost coverage (for the personal contents)
  • Additional living expense (so you can live somewhere else while your home is being rebuilt or repaired)
  • Personal & Family Liability (in case you or a household member is found liable for someone else’s injury or property damage)

Looking for specialty coverage, for those unique exposures vulnerable within your standard home insurance policy? Our fully adaptable policies can be customized with further endorsements, which may be purchased, to enhance your homeowners insurance! California clients can benefit from additional coverage options, including:

  • Valuable Articles/Floater Insurance policies (i.e. Jewelry Insurance)
  • Flood Insurance policies
  • Earthquake insurance policies
  • Umbrella Insurance policies (additional liability)
  • Animal Liability (liability issues due to household pets)

At Stromsoe Insurance Agency, we know what may work for one homeowner, won’t necessarily work for you. This is exactly why we aim to create individualized insurance plans that reflect the distinct needs of you, your family and your unique home.

Other questions that are required to get the best price and coverage options for you:

Do you have any animals or pets? If so, what kind? If a dog, what breed?
Have you had a home insurance claim at any property in the last five years?

9 Ways to Save $$$$$$$$$$$$$

Now that you know the basics of a condo owner’s insurance policy, here are 10 ways you can pay less. In many cases, you can get the same level of coverage for fewer dollars.

  1. One Insurer, Multiple Policies – Do you have an automobile insurance policy? If so, is it with the same insurance company that provides your condo insurance? If the answer’s no, you’re paying too much — for both policies. Almost every insurance company that sells homeowners insurance wants its policyholders to also buy auto insurance from that company. These insurers offer so-called multi-policy discounts. Usually, these discounts can be at least 10% — and some insurers apply the discounts to both the auto and the condo policy.
  2. Raise Your Deductible – The deductible is the amount you pay before insurance kicks in if you have a claim. For example, if you have a $250 deductible and you file a claim for $1,000 in damage to your home, you pay the first $250 and your insurer pays the balance, $750. The higher the deductible you choose, the more you pay. Also, though, the higher deductible, the less you have to pay for your policy. Depending on the insurance company, you can save between 12% and 37% if you have a deductible of $500 to $5,000.
  3. New Is Better – Insurers really like newer buildings. That’s because it’s less likely something will go wrong with the electrical, heating and plumbing systems. In addition, the structure itself is in better shape. Insurers offer discounts of as much as 8% to 15% or more if your residence is new.
  4. Location, Location, Location – Where do you live and what is your home made of? If you’re in the Eastern United States, it’s better from an insurance perspective to have a brick or masonry residence because such a structure has a greater resistance to wind damage. By contrast, frame homes are better in the earthquake-prone West. The right structure in the right region can save you 5% to 15%. Further, if your home is near a fire station, you will pay less for homeowners insurance. If you live in an area that is prone to flooding, you may be required to buy a flood insurance policy, which costs about $400 a year. If you are not required to buy the coverage and still live in a flood-prone area, your homeowners policy will not provide coverage for losses arising from flooding.
  5. Don’t Insure What You Don’t Have – Each year, you should review your policy to see what coverage you have for your possessions. If you have made a major purchase, you will want to increase your limits of coverage, but what if you sell something or some things? You don’t need as much coverage. Pay particular attention to items that are covered by endorsements or “floaters” to your policy, items such as jewelry and computer equipment.
  6. Better Safe(r) Than Sorry – Smoke detectors, burglar alarms and deadbolt locks are usually worth discounts.
  7. Where There’s Smoke . . . – There’s fire. Smoking (unattended cigarette butts, etc.) produces more than 23,000 residential fires in this country each year. That’s why some insurers have discounts if all the residents in a home are nonsmokers.
  8. Manage Your Risk – Some insurers adversely underwrite certain hazards such as trampolines (the #1 cause of lawsuits in the US), unfenced swimming pools, certain types of animals (dogs with a biting history), or business exposures on your premises. All of these items should be discussed before every purchasing a policy.
  9. Don’t Jump Around – If you’ve been with an insurer for a while and you like that insurer, stay put. Some insurance companies automatically have discounts for policyholders who have been with the companies for a certain number of years. For example, 5% for at least three years, 10% for at least five years.

Is Your Coverage Adequate?

We won’t kid you. There’s more to this insurance game than saving money. In fact, while it’s nice to lower your insurance costs, it’s probably even more important to make sure you, your loved ones and your assets are covered adequately. It’s not a pleasant thought, but insurance is about worst-case scenarios. It’s also about peace of mind, knowing that you have the worst-case scenarios covered.

Because we know peace of mind is so important, we are willing — actually, we are excited — to reveal to you the secrets about insurance. Secrets that ensure you have all the protection you need.

Why would we just give these secrets away? Because it’s just as good for our business as it is for you. We want to let you in on the knowledge we have accumulated as insurance industry professionals and insiders. We want to do this because we have found, time and time again, that generosity and the willingness to provide really great service and protection have come back to us. Tenfold. In fact, that’s how we have built our business.

Three Steps to Protection

There are three basic steps you can take to protect your and your family’s financial well-being:

  1. Have an experienced, local independent insurance agent conduct a risk analysis of your home, car(s) and family. How can you adequately address your risks with insurance if you don’t even know what these risks are? We’ve found that most people face more risk than they know. Because everyone is different, it’s not like you can ask a friend or relative to assess your insurance needs — unless they are insiders in this business. If you haven’t had your risks assessed by an insurance professional, you could be inviting financial disaster. You need a professional, a knowledgeable insurance insider, to put together a comprehensive insurance plan that truly protects you. Our office will do that for FREE.
  2. Use an independent agent. There are several ways home insurance is sold in this country. Some people buy it by calling a toll-free number and talking to an employee of an insurance company. Others take advantage of direct mail offers. And some buy from agents who represent just one insurance company. A direct mail piece is not going to be able to assess your level of risk. Do you really want an insurance company employee to be your agent? And what happens if the agent who represents just one company doesn’t have the kind of insurance coverage you need? You need someone who’s going to work for you. And you need someone who can offer you several options. Someone who can go to numerous insurance companies and compare their products and prices. Someone who, if necessary, can place parts of your insurance program with more than one company. Do you want a good price? Do you want options and flexibility? And do you want protection against worst-case scenarios? There’s only one option here: Use an independent agent.
  3. Don’t trust the financial protection of you, your family and your assets to an insurance agent who is not an experienced professional, independent agent. A specialist? Absolutely. Look, insurance is a huge industry. There’s insurance for everything. And nobody can specialize in all of it. In fact, a professional independent agent can specialize in only a few niches — and really understand them. And we do. We’ve studied the renters insurance market in our community for years.

We know:

  • Which renters insurers have the best rates
  • Which give the most discounts
  • And which provide the best claim service

We will give you this information for FREE. No charge. No obligation. We do this because we’ve built our business on our reputation. We never hard-sell insurance. We’re in the service business. The better service and protection we provide, the better it is for all of us.

At Stromsoe Insurance Agency, you never have to sacrifice quality condo owner’s insurance protection just to shave off a few dollars from your premium.

Contact one of our friendly, helpful agents to help you learn more about your various coverage options, decide what is best for you and your family and receive your complete coverage review, as well as your free California condo insurance quote today!

Umbrella

You don’t have to be a millionaire to get taken to court and sued like one. Umbrella Insurance is an absolutely crucial part of any solid insurance package, whether you are an individual or business owner.

How does Umbrella Insurance work?

  1. There are two main functions of an Umbrella Policy:
    Fill in gaps, and provide coverage where underlying policies might exclude, or limit such coverage
  2. Act as a “reserve” or “excess” policy, that will step in, in the event your underlying policy limits are exhausted as a result of a catastrophic claim

Who needs an Umbrella Policy?

The simple answer is that everyone should have an umbrella policy. Why?

The entire purpose of insurance is to transfer as much risk away from you to the insurance company. An Umbrella Policy is a great way to do that, and what’s more, Umbrella Policies are very affordable, which makes it an even easier decision to buy on.

For a couple hundred dollars per year, you can purchase an umbrella policy that provides you with an additional $1,000,000+ liability limit. If you do that math, that’s literally pennies on the dollar.

Unique Situations That Require and Umbrella Policy

Here are a few risky situations, where purchasing an Umbrella Policy is an absolute must:

  1. You own a rental property (or multiple rentals)
  2. You own and/or lease commercial property
  3. You own a boat or any other kind of “toy” like A.T.V. etc..
  4. You have a “youthful” driver in your household
  5. You own a secondary residence
  6. You have a pool

These are just a few examples, and at the end of the day, Umbrella Policies are so inexpensive, even people without these types of exposures should strongly consider purchasing one.

It only takes one tragic accident to be sued for everything you own, and there’s no better way to protect yourself from this type of situation, than with Umbrella Insurance.

Umbrella Insurance: Massive Protection for Pennies a Day

Because it is designed for those really rare rainy days, umbrella insurance is cheap.

Be a smart consumer…but don’t try to be your “own agent.” Protection for you and your family requires constantly vigilance….and a partnership between you and your professional, local, independent insurance agent.

Contact one of our friendly, helpful agents to help you learn more about your various coverage options, decide what is best for you and your family and receive your complete coverage review, as well as your free California umbrella insurance quote today!

Earthquake

When most people think of an earthquake, they think about uncertainty… is this the big one? While this is an unfortunate reality for some, many earthquakes and tremors occur when we least expect them and we never seem to know where the epicenter will be.

What many people don’t realize is that everyone in the country may experience an earthquake at some point. We just don’t know when or where. Some areas are much more susceptible than others…

It’s crazy to think that an earthquake with a magnitude of more than 5.0 can cause massive destruction in less than 5 minutes. Our agency owner was in this industry in 1989 and 1994 when major quakes devastated the Bay Area and Northridge, respectively. Mike Stromsoe is happy to discuss the impact on people and the industry. living in Murrieta, or any other area of California, you’re especially at risk for damage caused by an earthquake.

Earthquake or earth movement is defined as a shaking or trembling of the earth that is volcanic or tectonic in origin. This includes land shock waves or tremors before, during, and after a volcanic eruption; landslide; mine subsidence; mudflow; earth sinking, rising, or shifting. One of the startling mysteries about earthquake insurance is the massive deductible. If you suffer a loss due to an earthquake, you will have to pay your deductible before the insurance company begins to write checks. In many cases today, the earthquake deductible can be a staggering 15% or more of the coverage limit! And this deductible is charged separately for each coverage section, for example – 15% of your building limit, 15% of your other structures limit, and 15% of your personal property limit…. It adds up to potentially a truckload of money.

Here’s another example …. Your home is insured for $200,000, your earthquake deductible is 15% or $200,000, or $30,000. And that’s just the structure. Then your personal property is insured for $150,000, that’s another $22,500 of deductible expense.

Traditionally, some of the stronger candidates for earthquake coverage are:

People who have worked hard to buy their home for 20 or more years and are close to paying their home off…. They have almost everything to lose
People over age 50. If an uncovered loss due to earthquake occurs, this group of people usually cannot “ earn” another home in their working lifetime
People who feel strongly about the possibility of an earthquake occurring in their area.
People who have valuable items they simply want insured against earthquake

The questions and concerns are still many, but we hope this erases some of those nagging doubts and helps puts your mind at ease.

Our agency represents most California earthquake insurance carriers and we’ll be happy do the shopping for you!

If you’re looking for earthquake insurance in Murrieta or anywhere is California, Contact one of our friendly, helpful agents to help you learn more about your various coverage options, decide what is best for you and your family and receive your complete coverage review, as well as your free California earthquake insurance quote today!

Flood

When most people think of flooding, they think about tidal waves crashing in on land and cars floating around the streets. While this is an unfortunate reality for some, many floods occur as a result of hard rain and/or wind storms.

What many people don’t realize is that everyone in the country is in a flood zone. It’s just that some flood zones are worse than others.

It’s crazy to think that just a few inches of standing water can cause thousands of dollars in damage to your home. Living in San Diego, or any other area of coastal California, you’re especially at risk for damage caused by flooding.

According to Floodsmart.gov, from 2010 to 2014 the average residential flood claim amounted to more than $39,000. In 2014, the average flood insurance policy premium was about $700 per year. This makes flood insurance a no-brainer if you live in a coastal area. It is the best way to protect yourself from devastating financial loss.

Flood insurance is available to San Diego homeowners, renters, condo owners/renters, and commercial owners/renters.

Flood insurance rates are dependent upon how much insurance is purchased, what it covers and the property’s flood risk.

The closer you are to the coast, the higher your premium will likely be.

All policy forms provide coverage for buildings and contents. Typically, there’s a waiting period, usually 30 days from date of purchase before your policy goes into effect.

Understand that flooding can occur anywhere it can rain. This is important to understand because homeowners insurance specifically excludes coverage for any kind of flood damage.

This means that you are not covered, for a potentially catastrophic situation, unless you purchase your own stand-alone flood insurance policy.

Here is a summary of what’s covered and what’s not:

Building Property

  • The insured building and its foundation
  • Electrical and plumbing systems
  • Central air conditioning equipment, furnaces and water heaters
  • Refrigerators, cooking stoves and built-in appliances such as dishwashers
  • Permanently installed carpeting over unfinished flooring
  • Permanently installed paneling, wallboard, bookcases and cabinets
  • Window blinds
  • Detached garages (up to 10 percent of building property coverage); detached buildings (other than garages) require a separate building property policy
  • Debris removal

Personal or Business Contents and Property

  • Personal belongings, such as clothing, furniture, and electronic equipment
    Curtains
  • Portable and window air conditioners
  • Portable microwave ovens and portable dishwashers
  • Carpets that are not included in building coverage
  • Clothing washers and dryers
  • Food freezers and the food in them
  • Certain valuable items such as original artwork and furs (up to $2,500)

What’s Not Covered

  • Damage caused by moisture, mildew or mold that could have been avoided by the property owner
  • Currency, precious metals and valuable papers such as stock certificates
  • Property and belongings outside of an insured building such as trees, plants, wells, septic systems, walks, decks, patios, fences, seawalls, hot tubs and swimming pools
  • Living expenses such as temporary housing
  • Financial losses caused by business interruption or loss of use of insured property
  • Most self-propelled vehicles such as cars, including their parts (see Section IV.5 in your policy

Flood Insurance For Basements and Areas Below the Lowest Elevated Floor

Coverage is limited in basements regardless of zone or date of construction. It’s also limited in areas below the lowest elevated floor, depending on the flood zone and date of construction. These areas include:

  • Basements
  • Crawl spaces under an elevated building
  • Enclosed areas beneath buildings elevated on full-story foundation walls that are sometimes referred to as “walkout basements”
  • Enclosed areas under other types of elevated buildings
  • Make sure to ask your agent for additional details on your basement coverage

If you’re looking for flood insurance in Murrieta or anywhere is California, Contact one of our friendly, helpful agents to help you learn more about your various coverage options, decide what is best for you and your family and receive your complete coverage review, as well as your free California flood insurance quote today!

Rental & Investment Property

The protection coaches at Stromsoe Insurance Agency recognize the responsibility, and liability, that comes with owning investment property. There are so many different things that put you at risk. Furthermore, we understand that you have worked very hard to get to this point and you have a lot on the line by making property investments. You need a team of agents who understand your unique exposures. All of this and more is included at no additional charge with our award winning Murrieta, CA insurance agency.

After all, your investment property is a part of your most valuable asset- your net-worth portfolio. Luckily we make this process extremely easy for you and our customers.

How to save money and get better coverage on your investment property insurance:

  1. Click here for a Murrieta, CA homeowners insurance quote
  2. Fill out the form and/or upload your most current investment property insurance coverage info
  3. We find the coverage and rate you’re looking for!

It really couldn’t be easier.

You see, the Stromsoe Insurance Agency Total Protection Team has agents who are proud to be investment property owners too, which is exactly why we are committed to helping you navigate through this critical policy decision.  That’s exactly what it is — a decision. There are so many different coverages, limits, conditions, and endorsements in a policy like this, that it truly takes much more then an apples-to-apples quote to see if you’re getting the best deal.

Because we have so much experience with investment property insurance, we can help navigate through your policy, including the fine print, to ensure that you’re getting what you’ve been paying for and, more importantly, what you need. .

Don’t just guess if you have good landlord insurance

You’ve worked hard to secure yourself a secure portfolio – now the next logical step is protecting you and your property from the unexpected.

Because we are a local, Murrieta independent insurance agency, we have the ability to shop from over 27 top-rated insurance companies who specialize in investment properties, comparing rates and coverage packages, resulting in the best possible California insurance program for you… No matter where you are located across the golden state or beyond – we’re here to help you protect your assets and your family.

Typical investment property insurance coverages to be familiar with:

  • Building (the physical structure of your home)
  • Adequate replacement cost coverage (for the building and other structures)
  • Loss of rents (you want that check showing up every month, even if you have a loss)
  • Adequate Liability Limits (in case you are found liable for someone else’s injury or property damage)

Looking for specialty coverage, for those unique exposures vulnerable within your standard landlord insurance policy? Our fully adaptable policies can be customized with further endorsements, which may be purchased, to enhance your insurance protection! California clients can benefit from additional coverage options, including:

  • Ordinance or law coverage (really important if your building more than 5-10 years old)
  • Flood Insurance
  • Earthquake insurance
  • Umbrella Insurance policies (additional liability)
  • Earthquake Sprinkler Leakage

At Stromsoe Insurance Agency, we know what may work for one property owner, won’t necessarily work for you. This is exactly why we aim to create individualized insurance plans that reflect the distinct needs of your property or properties…

Other questions that are required to get the best price and coverage options for you:

  • How old is the roof on your property?
  • Are there any animals present at any time? If so, what kind ? If a dog, what breed?
  • Is there a swimming pool ? If so, is the pool or property completely fenced? Is there a slide or diving board?
  • Have you had any property insurance claims in the last five years?

No two landlord policies are the same

It’s important to understand that different insurance companies have different appetites, rules, and underwriting requirements when comparing an investment property insurance policy

In our many years of helping people in Murrieta and all areas of California with their landlord insurance, we’ve uncovered an unfortunate amount of mistakes, coverage limitations, and holes in policies that the property owner never even realized existed. We’ve actually gained business from other insurance companies and exclusive agencies on many occasions because of this.

Often times these things happen because most insurance sales people, especially those who are not independent agents, are simply be trying to compete against another company’s price so they can get the business. This brings up another relevant point — no two insurance agents are the same either. Agents who are not independent, and who don’t have a wide selection of insurance companies to choose from (like we do) are often times forced to cut back coverages when a customer calls in about their increasing insurance premiums.

When you’re not an independent agent, that’s really the only way you can lower a customers’ rate and keep the business.

Quality Investment Property Insurance Without Compromise

At Stromsoe Insurance Agency, you never have to sacrifice quality insurance protection just to shave off a few dollars from your premium.

Contact one of our friendly, helpful agents to help you learn more about your various coverage options, decide what is best for you and your family and receive your complete coverage review, as well as your free California investment property insurance quote today!

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