Do I need more than basic auto insurance

Basic auto insurance is what is mandated by the state. The amount and types of coverage required are not the same in every state. If you are driving in California or even parking in the state, you are required to abide by the laws. In California, liability insurance is required. Motorists must carry $15,000 in bodily injury per person with a maximum required of $30,000 and property damage of $5,000. At Let’s Insure in San Diego, CA, we have almost 20 years of service to our local community. 

The primary liability limits in California are very low. For anyone who has any assets, they would fall woefully short of what the actual cost of an accident might be. If the cost of medical expenses or property damage goes beyond the limits of your policy, the responsibility to pay those bills falls to you personally. You could be forced to sell your assets, and your future wages could be garnished. This is not something that most people want to take a chance with

Liability insurance covers other people in an accident but gives no protection to your vehicle. If you are leasing a car or have a car loan, your lender or lessor will require that you carry more than basic auto insurance. In an accident where you are the party at fault, you must have collision coverage to protect your car. This coverage will allow you to repair or replace your vehicle. It also provides another vehicle for you to drive while you are getting your vehicle repaired. Comprehensive coverage will fix your car if an event beyond your control damages it. It also protects against theft and vandalism. 

When you’re ready to discuss your auto insurance coverage at Let’s Insure in San Diego, CA, we are here to help you choose the best coverage for your situation. Call our office or stop in and let us give you a no-obligation quote. 

Essential Commercial Coverage for Your Small Business

So much goes into running a small business. There are dozens of decisions to be made concerning production, finances, marketing, and employees. Amid all your responsibilities as a business owner, don’t neglect the importance of commercial insurance. Commercial coverage from Let’s Insure can protect every aspect of your business from its location to lost revenue. Here’s the essential coverage you should have for your small business in San Diego, CA.

Property Coverage

Property insurance offers vital protection for your business location, inventory, and equipment. It covers damage to your building and business equipment in a covered peril and compensates you for loss of inventory. Property insurance covers such common business risks as theft, fire, wind and rainstorms, tornadoes, lightning strikes, and riots, making it essential coverage in a commercial package.

Liability Coverage

If you run a store or office in San Diego, CA, or another type of business that receives customers on your business site, you need general liability insurance. This coverage protects your business assets from customer claims of injury or property damage at your business location. Liability claims pose a financial risk to your business by threatening to deplete your business assets. Liability insurance can counter those risks so your business doesn’t suffer financial loss.

Business Interruption

If a major disaster forces you to close your company temporarily for repairs, you could lose valuable revenue. Business interruption insurance compensates you for lost revenue, payroll, rental of business building, and other expenses to help sustain your business until you can reopen.

Worker’s Comp

Workers’ compensation insurance covers the injuries and lost wages of employees due to accidents on the job. This coverage is required in California for businesses with one employee or more.

To learn more about essential commercial coverage for your San Diego, CA business, contact an agent from Let’s Insure. 

What Should I Know About Home Insurance

At Let’s Insure in San Diego, CA, we believe that informed customers are better able to make decisions about the insurance they need. Homeowner’s insurance can be complicated, with many different aspects and options. Here are a few things you should know about home insurance.

Different Types of Coverage

A standard homeowner’s policy has different types of coverage. First, it covers the structure of your home and its contents. This includes theft, vandalism, and natural disasters. It also covers your liability if someone gets hurt on your property. It will also cover any detached structures on your property, like a garage or barn. 

There are three basic types of coverage for any kind of insurance policy. These are actual cash value, agreed-upon value, and replacement value. The actual cash value will cover the current value of your home or belongings. Replacement value will include the amount you would need to replace these items. You can also opt for an agreed-upon value. With this option, you and the insurer set a value that is irrespective of its actual value. 

Additional Coverage

Homeowner’s insurance covers many disasters, including fire and storm damage. However, it doesn’t cover floods. You’ll need a separate flood policy or an add on. You may need an earthquake policy as well.  

If you have expensive antiques, electronics, or jewelry, you may need additional coverage for these items. Your standard policy probably won’t provide enough coverage to replace them. 

Know Before You Need It

Every policy is unique, so you will need to speak with your insurance agent about exactly what is covered. If certain things aren’t covered, you can generally add options to your policy that will. Don’t wait until you need it to find out that you aren’t adequately covered. 

Home insurance is vital to protect your investment in your home and your financial security. The right insurance policy can give you peace of mind and allow you to enjoy your home. At Let’s Insure in San Diego, CA, our agents are happy to assist you with choosing or upgrading a homeowner’s policy.