Why We Personally Recommend a Personal Umbrella Insurance Policy

Here’s a closer look at what umbrella insurance can do for you.

You’ve worked your whole life and have done quite well for yourself. You have a home, a car, support a family, and maybe even have a boat or a vacation property. But your security is something you shouldn’t take for granted. All of these things could be at risk under the unfortunate situation that you get into a lawsuit.

Hope for the best, plan for the worst.

Car accidents are an upsetting reality. They do happen and there can be major damages. If you cause an auto accident, you need to be covered. Your auto policy could possibly not cover all of the property damage, injuries, and subsequent lawsuits. An umbrella policy will cover you for these things once you max out the limits of your auto policy.

Lawsuits happen.

Someone may have an accident on your property or sue you for the injury. It’s not at all uncommon when someone trips on a loose step or slips by the pool. When you hit the liability limits of your homeowners insurance, an umbrella policy gives you extra coverage for just this sort of event.

How does it work?

Many people don’t know how an umbrella policy actually works. Well, it’s simple. Something happens. An auto accident, you are sued, etc. Your umbrella policy is protection that kicks in after your home or car insurance when the amount you must pay exceeds what your policy covers. It can cover a wide variety of liability situations. The typical policy covers anywhere from an $1 million to $10 million. Umbrella coverage is also very affordable!

Don’t take it for granted.

Be sure and take a look at your umbrella policy from time to time to see to what extent and under what circumstances you are covered. It may surprise you. It’s better to be surprised now so you can update your policy than when it’s too late.

For all of your umbrella insurance needs throughout California, contact Stromsoe Insurance Agency.

How To: Teach Your Teen to Drive

If you’ve got a teen driver on your hands, here’s what you need to know.

Like all children, teens desire independence. The thought of being able to drive themselves is an exciting thing that all teens want. But in reality, car accidents are the leading cause of death for this age group and safety must be a huge part of what they learn before getting behind the wheel.

As a parent, you have the power to get through to them. They may have daydreams of cruising to the beach with their friend without a care in the world, but you must bring them back to earth about what the realities of driving.

Here are some little things you can do to improve the chance that they stay safe and learn how to be responsible drivers:

  • “Passenger seat” supervision is a great way to give your teen support and also guide them while they are actually driving.
  • Build confidence with small trips of 5-10 miles in areas that are familiar.
  • Make sure they are driving a safe car with good brakes, good steering, and airbags.
  • Check that your criticism is gentle and constructive. Creating a stressful environment for your teen to learn driving can be just as damaging as no help at all since it teaches your teen to associate driving with being on edge.
  • Make sure your teen knows what to do if there is an accident.
  • The average teen has 3 accidents between the ages of 16-20. Make a contract with them to lessen these odds. Your contract should include:
    • A stipulation that good grades earn driving privileges.
    • No texting or phone while driving
    • Zero tolerance regarding alcohol/drugs and driving
    • Observing curfew
    • Observing rules about passengers
    • Obeying the traffic laws. Traffic tickets should have major consequences like suspension of privileges.

Your teen’s safety is in your hands. If you take the time to show them how important their well being is to you, they will eventually listen.

Is your teen covered out on the road? For all of your auto insurance needs in California, including coverage for your teen driver, contact Stromsoe Insurance Agency.

Free Apps That Will Save You Money

Working on your budget? Download these free apps to make saving easier.

Here’s a list of apps that will make saving money a snap.

  1. Hopper: This app helps you get low airfares by predicting when the prices will be high and low. It first predicts when the cheapest time to fly will be and then shows you the cheapest time to buy the ticket. It also alerts you when ticket prices drop.
  2. Raise: Bid your unused gift cards with this app. Card goes to the highest bidder.
  3. OneReceipt: This app helps keep track of your receipts all in one place so you don’t have to worry. It’s great for tax write-off time.
  4. Goodbudget: Create a budget and stick to it with this app. Save up for a trip or a new couch. This app will help you stay on track!
  5. BestParking: This app is a revolution. It will tell you the location and price of the best parking around.
  6. GasBuddy: Use this app to find the best gas prices in your area.
  7. WiFi Finder: Guess what this app does! It also helps you find locations where you can use wifi for free.
  8. Hotel Tonight: Find cheap deals on hotels for tonight with this app. Many of these rooms are very upscale and beautiful.
  9. Roomer: Find someone to take over your hotel reservation if you have to suddenly leave.
  10. Campus Special: Find deals on food and stores near your school when you’re a college student strapped for cash.
  11. RepairPal: Protect against getting overcharged for your car repair with this app that helps you estimate costs for your car damage.
  12. Apples2Oranges: Use this simple and effective app to price compare at the grocery store.
  13. Goldstar: This app helps you find half-price tickets to great shows all over the world.

If you want to save even more money, contact Stromsoe Insurance Agency. We can help you get the best California insurance coverage at the best price!

Surprising Ways You Might Be Insured

Did you know you could have insurance in these surprising areas?

Everyone knows the basics. We need health and car insurance. If you own a home, you need homeowners insurance too. You’ve put a lot of thought into buying coverage for your business. There are some pretty hefty consequences for not being properly insured.

But these policies are just the tip of the iceberg. There are many things you can get insured for your home and business, though they may surprise you. You may even already be insured and not know it!

Hurricane Insurance, Insurance

As you may know, hurricane insurance is already a supplemental policy. It’s not covered on regular homeowners insurance. Now, you can get Hurricane PM insurance, which covers costs that your hurricane insurance may not be big enough to cover. So it’s insurance for your insurance.

Ransom

If you are a high profile person, or just travel a lot, you may consider ransom insurance being added to your professional liability insurance. It can cover ransom money asked for by your kidnappers.

Rotten Veggies

If you own a business with perishable goods like flowers, food, tobacco, etc., you may want to get Spoilage Coverage. You can add it to your Commercial Property Insurance to replace spoiled goods if your fridge goes out due to a power outage or malfunction. Be careful, because you may have to prove that you didn’t neglect to take care of or replace the fridge.

Your homeowners insurance likely already offers about $500 of coverage for food spoiled in your fridge during an extended power outage!

Losing a Big Player

You own a business, and one of your employees is worth more than just what their job description entails. They are a key player and losing them could mean a severe loss of knowledge, expertise, and great support. You can have your business covered if that person should become ill or pass away to cover losses your business might incur because of their absence.

To learn more about the different ways your insurance policies are protecting you, contact Stromsoe Insurance Agency in California.