What Do the Solar Eclipse and Insurance Have in Common?

moon-1783296_640The world recently experienced a spectacular total solar eclipse.  We were told the specific time it would happen and where the best places were to view the eclipse.  Did you stop to wonder who figured that out?  It was a complex process, and some very smart people from NASA determined the exact time of the eclipse and where the best places were to view it.  The mathematical calculations involved in developing that information are well above the skills of most people.  However, aren’t you glad there is someone who understands this so we can all enjoy and benefit from their detailed work?

If we were to compare the eclipse to insurance, the independent agent would be NASA, the sun and moon would be the insurance companies, and the public would be the policyholders.  Insurance is complex, and the professional agent manages the complex for the benefit of the insurance buyer.

Insurance is about a relationship involving three parties, the buyer, the independent agent, and the insurance company.  Here is how we see the needs of each party.

The Insurance Buyer.  Buyers of insurance want peace of mind and confidence that in the event of a loss everything will be ok.

The Insurance Company.  Insurance companies simply want to insure good risks and are transaction focused. Their decisions are financially focused, not relationship focused.

The Independent Agent.  Agents transform the complex so their clients can make educated decisions.  Helping the client to understand their risks and providing a number of reasonable solutions are the goals of the agent.

The person best suited to bring these parties together is the independent agent. The agent knows what risks the insurer desires and can educate the buyer in complex coverage design, safety, and claims management, in order to attract the best insurer option.  It is about building a trusted relationship that allows transparency between all parties.

North Bay Insurance Brokers, Inc. is your trusted solution for homeowners insurance. We offer coverage options that are both flexible and affordable, and will work with you on an individual basis to find a policy that best suits your needs. Our team is dedicated to providing the assurance that your family and your possessions are secure.

 

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Our Goal Is To Help You

Confused Way Of A BusinessmanA Business Insurance Update

There are many ways to select a business insurance agent. Some businesses may use the bidding method, where they call many agents and have them “bid” their business insurance. The problem with this is you really don’t know if you are getting equal products. It is almost impossible to compare products “apple to apple.”  The low bid may have limited, or no, coverage in areas in which your business needs coverage.  The best way to select insurance is to find a qualified and experienced agent who knows and understands your industry.  Then, allow that agency to go into the market on your behalf to find you the best possible price and coverage.

How to select an agent?

A qualified agent should help you identify your risks and help you understand what you should insure.  Then the agent should design a coverage plan, and go to the market to negotiate the best possible combination of business coverage, pricing, and service.  Here are a few questions for you to consider using when selecting your agent.

  • “If I had a claim, how would you help me?”
  • “How many years of experience do you have? And your staff?”
  • “When I call the agency with a question, who would I be speaking with?”
  • “May I have three references?”
  • “What ratings do the insurers have that you might use?”
  • “What systems do you have to help manage your business?”
  • “How do you define customer service?”
  • “What is your policy for returning phone calls?”
  • “How long do you usually keep a client?”
  • “What makes you skilled at what you do?”
  • “Do you have any industry awards?”
  • “Will I have to ask for my renewal to be processed?”

North Bay Insurance Brokers provides industry-specific insurance to businesses in Sonoma, Napa, Marin, Santa Rosa, Petaluma, American Canyon, and surrounding areas.

Every industry has specific needs when it comes to insurance. Industry-specific risks make it impossible for insurance companies to lump together one insurance plan for every business. At North Bay Insurance Brokers, we understand that being unique is what makes your business successful across the board. That’s why we provide industry-specific insurance options for businesses of all types.

 

 

How Can A Facebook Post Be You In Legal Trouble?

Social-MediaBF65A Texas jury has awarded a wedding photographer more than $1 million after determining a newly married couple unhappy with her work launched a social media campaign to post falsehoods about her. The Dallas County jury found Friday that the campaign against the business amounted to defamation. The jury unanimously found the couple acted of out malice in targeting the business in the months after their October 2014 wedding. (AP) Read article.

Does Your Homeowner’s Insurance Cover Social Media?

Social media has changed how we communicate with family and friends. Technology has made it so that anyone can have their voice heard and their comments recorded for posterity.  Among the greatest contributors to this revolution are your teenagers…and you can be held responsible for their actions.

What Kind Of Personal Insurance Claim Can Come From A Social Media Post?

Recently, a 16-year-old student sued five classmates and their parents for online harassment. Whether or not the allegations are true, the teenagers and their parents required legal resources to defend themselves for the possible judgments against them.

What Does Homeowner’s Insurance Provide?

Most people assume their homeowner’s insurance will cover any kind of claim that comes from social media content. However, you need to have personal injury coverage as part of your homeowner’s insurance policy. If you bought your insurance online you may not have this coverage.

Personal Injury coverage is an optional endorsement on the standard homeowner’s policy that provides protection for libel, slander, defamation of character, false arrest, malicious prosecution, and wrongful eviction. This coverage is also provided by most umbrella policies.

At North Bay Insurance Brokers, we know how hard you’ve worked to turn your house into a home. Since your home is one of the most important financial investments of your lifetime, you’ll need proper coverage in order to keep your investment protected and provide your family with the guarantee that they’ll always be safe and sound.

 

My Last Facebook Post Cost Me $1,000,000

A Texas jury has awarded a wedding photographer more than $1 million after determining a newly married couple unhappy with her work launched a social media campaign to post falsehoods about her. The Dallas County jury found Friday that the campaign against Andrea Polito amounted to defamation. The jury unanimously found the couple acted of out malice in targeting Polito in the months after their October 2014 wedding. (AP) Read article.

Does Your North Bay Homeowner’s Insurance Cover Social Media?

Social media has changed how we communicate with family and friends. Technology has made it so that anyone can have their voice heard and their comments recorded for posterity.  Among the greatest contributors to this revolution are your teenagers…and you can be held responsible for their actions.

What Kind Of Personal Insurance Claim Can Come From A Social Media Post?

Recently, a 16-year-old student sued five classmates and their parents for online harassment. Whether or not the allegations are true, the teenagers and their parents required legal resources to defend themselves for the possible judgments against them.

What Does Homeowner’s Insurance Provide?

Most people assume their homeowner’s insurance will cover any kind of claim that comes from social media content. However, you need to have personal injury coverage as part of your homeowner’s insurance policy. If you bought your insurance online you may not have this coverage.

Personal Injury coverage is an optional endorsement on the standard homeowner’s policy that provides protection for libel, slander, defamation of character, false arrest, malicious prosecution, and wrongful eviction. This coverage is also provided by most umbrella policies.

North Bay Insurance Brokers, Inc. is your trusted solution for homeowners insurance. We offer coverage options that are both flexible and affordable, and will work with you on an individual basis to find a policy that best suits your needs. Our team is dedicated to providing the assurance that your family and your possessions are secure.

 

Ride Baby Ride… But Call Us First

A Motorcycle Insurance and Safety Update

In 2016, motorcycle crashes claimed the lives of 4,976 people—up 8.3 percent from 4,594 deaths in 2015.  Motorcyclists accounted for 14 percent of all traffic fatalities, 4 percent of all people injured, and 17 percent of all occupant (driver and passenger) fatalities, according to a National Highway Traffic Safety Administration (NHTSA) report.  Summer traditionally sees an increase in motorcycle accidents, primarily due to the increased number of riders on the roads.

Motorcycle Safety Should Be Your Primary Concern

  • With the warmer weather, it is tempting to leave your helmet at home. Please don’t.
  • Always be aware of the weather conditions.
  • Make sure you carry proper reflective gear along with replacement bulbs, and any other basic equipment that can help ensure your visibility.
  • Airbags—Honda Motorcycle Company is the first company to offer the option of an airbag, which is available on one of the most expensive models.

Motorcycle Insurance

According to the Insurance Information Institute, you should have the following coverage’s on your motorcycle.

Liability Coverage

Liability insurance covers bodily injury and property damage that you may cause to other people involved in an accident.  It does not cover you or your motorcycle.

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. Like collision coverage, your insurance company will pay for damages, minus your deductible, and will 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 motorcycle.

Uninsured/Underinsured Motorist Coverage

Uninsured/underinsured motorist (UM/UIM) coverage covers damages to you and/or your property caused by another driver who either does not have insurance (uninsured), or does not have adequate insurance (underinsured).

You buy California auto insurance to protect yourself when you have an accident or claim.  When something bad happens you want your auto insurance company to respond. When it comes to auto insurance, knowledge is power. Here are some facts to help educate you about auto insurance. At North Bay Insurance Brokers, Inc., we combine premium Auto Insurance with personalized service to give you the best coverage possible

 

My Rental Home Was Just Damaged…. Who Is Going To Pay?

pixa free dcdAre you updating your basement in order to rent it out? Did you just buy a rental property? Is so, you may need to consider landlord insurance. If your home insurance is not recorded as a Landlord Policy, the insurer can deny the claim.

Landlord insurance provides coverage for the owner of the property for losses and/or damage connected with rental property. As a landlord, you need protection from financial loss as a result of damages to a rental property due to fire, break-in, severe weather, and more.

What Can Landlord Insurance Cover?

  • Property damage. This covers damage to the building from fire, storm, theft, and vandalism.
  • It will protect you against bodily injury to guests or tenants.
  • Loss of rent or income. This insurance will help compensate you for lost income in the event that a rental property becomes uninhabitable due to a covered loss, such as a storm or apartment fire.

Does Your Homeowner’s Insurance Cover Your Landlord Risk?

The short answer is no. If you are renting out part of your home or other property, your homeowner’s insurance will not apply. If you are renting on a short term basis, check with your agent; some insurers may offer coverage if it is a short term event.

You need landlord insurance when you do not occupy the same residence as your tenant. You will also need landlord insurance if you are renting out your own home temporarily, or sharing accommodations such as your basement level, with a renter.

At North Bay Insurance Brokers, we know how hard you’ve worked to turn your house into a home. Since your home is one of the most important financial investments of your lifetime, you’ll need proper coverage in order to keep your investment protected and provide your family with the guarantee that they’ll always be safe and sound

To Tell The Truth

question-1262378_640Insurance Question We Most Often Answer

As professional insurance agents, we are asked many questions regarding personal insurance.  We thought it might be good to offer answers to the most common kinds of questions we receive.

“Why buy from an agent when I can go online?”

When you buy insurance online, you are forced to become the insurance expert and if there is ever an issue, you have only yourself to blame.  In most cases, we can offer the same, or better, coverage with a licensed professional agent who is willing to actually meet with you and educate you on your choices.  The cost for these services is included in the cost of your insurance.

“How much insurance do I need?”

That depends on your personal situation.  If you have a number of vehicles, recreational vehicles, or a boat, we might recommend higher limits than if you are a renter with no “toys.”  We also recommend that you buy auto insurance coverage/limits above the state minimum.  If you have a growing family and own your home, we suggest higher limits and a personal umbrella policy to protect your assets.  A personal umbrella policy is very competitive and can provide an added layer of coverage and security.

“Which deductible should I select?”

The higher the deductible, the lower the premium.  In the long run, it may benefit you to increase your homeowner’s insurance deductible above a minimum amount, especially if you are claim free for a number of years.

North Bay Insurance Brokers, Inc. is your trusted solution for homeowners insurance. We offer coverage options that are both flexible and affordable, and will work with you on an individual basis to find a policy that best suits your needs. Our team is dedicated to providing the assurance that your family and your possessions are secure.