Who Needs Umbrella Insurance?

We at ANA Insurance Brokerage Inc. know that umbrella insurance can help protect you from incurring financially cataclysmic losses from liability. We are here to provide expert advice if you ever find yourself in the following situations. 

Who Needs Umbrella Insurance?

In Southgate, CA and the surrounding area, many people volunteer in their community. Every week, concerned citizens help clean up parks, coach kids’ sports teams, volunteer at soup kitchens, etc. Those individuals need umbrella insurance to protect their finances. Umbrella insurance provides a secondary policy that you add to a primary liability policy. Whether you accidentally libel someone in a newspaper or online, or you cause an accident that injures people, your liability insurance covers it.

Most policies don’t offer large coverage amounts. They weren’t originally designed for that and adding an umbrella policy provides the excess coverage that certain individuals need but most people don’t. Typically, a million-dollar policy costs just a few dollars per month in premiums.

As you age, it becomes more important to carry this coverage. That’s because, without it, an accident you cause could wipe out your savings.

Let’s say you plan to retire at age 70. You have a nice nest egg built up of about $400,000. At age 60, you throw a party to celebrate your child’s graduation from medical school. At this party, a fire in the BBQ pit injures three guests. The medical bills cost upwards of $250,000 and your home policy covers just $50,000 of it. The other $200,000 comes out of your retirement. Now, you have ten years to make up that $200K before retiring.

An umbrella policy solves the problem. It could provide $1 million of coverage for a minuscule cost.

Call Us Today

Contact ANA Insurance Brokerage Inc. serving Southgate CA, for more information on umbrella insurance. Let us help you add to your protection from liability.

Why California Residents Should Invest In Flood Insurance

Southern California is well known for its year-round sunshine and sandy beaches. But it’s also home to several flood-prone areas, which have the potential to cause damage when water levels rise. In fact, flood area management has been a problem in the Los Angeles County region since at least the 1800s.

If you live in Southgate, CA, you may have noticed that flooding has become common. This is because the area is located along the Los Angeles River, which has the potential to overflow when water levels rise. As a result, Southgate residents must consider investing in flood insurance with ANA Insurance Brokerage Inc. This will help protect your property from damage when floodwaters reach the street, which often occurs with little warning.

Flood damage can be devastating, not only because of its impact on your home but also because of the cost. In some areas of southern California, floods can cause millions of dollars in damage. For example, the flooding that occurred in 2018 caused an estimated $20 million in damage. In some cases, flood damage can also cause structural damage to your home, requiring extensive repair.

Flood damage is typically not covered by homeowners insurance. This is because flooding is considered a natural hazard rather than a property damage event. This means that homeowners insurance does not typically cover the cost of repairs related to flooding. This can leave you vulnerable to the cost of damage if you don’t have flood insurance.

Flood insurance can help protect you from the cost of flood damage. Unlike other types of insurance, flood insurance is available to homeowners regardless of where they live, even in flood zones. Contact ANA Insurance Brokerage Inc. today to learn more about flood insurance and how Southgate, CA residents can protect themselves and their property.

What kind of life insurance is right for me?

Having proper insurance is important for anyone in the Southgate, CA area. One type of coverage that should never be overlooked is life insurance. There are various reasons to get this type of coverage, including providing your dependents with some financial security. As you are looking for insurance, you can find various options to consider. It is important to evaluate the features and benefits of your different options. 

What kind of life insurance is right for me?

Term Life

A type of coverage to consider getting is term life insurance. This is often an ideal coverage option for people as the premium payments tend to be lower than other options. With this coverage, you can also curtail your policy and plan to meet your needs in terms of the length of the plan and coverage amount. This can help you build a policy that will give you adequate coverage and peace of mind.

Whole Life

While term life is an ideal option for many, whole life is also a good option to consider. Whole life is both a life insurance policy and a conservative investment option. With this type of coverage, some money you spend each month will build into an account that you can liquidate in the future. It also grows with interest and can be a low-risk addition to any personal financial investment plan. 

There are a lot of factors to consider when you are searching for a new life insurance plan. Once you are ready to start looking more in the Southgate, CA area, it would be wise to call ANA Insurance Brokerage Inc. Our agents understand all the benefits and options to consider when looking for life insurance coverage. ANA Insurance Brokerage Inc. will give you the support needed to build the right plan for your situation. 

Auto Insurance Policy Overview

ANA Insurance Brokerage Inc. is an independent agency. We are committed to helping our clients find the coverage they need to protect what matters most. We have relationships with various carriers in the Southgate, CA community. We enjoy simplifying the process of obtaining coverage for our clients. We strive to provide efficient service.

Auto Insurance Policy Overview

Accidents occur every day. The value of a strong auto insurance policy continues to increase. Auto insurance covers you if you are involved in an accident. If you are held liable for the damages, liability coverage will protect you. Liability coverage also covers any necessary medical treatment resulting from a bodily injury. You can add Personal Injury Protection to cover any injuries you sustained in the collision.

Comprehensive coverage protects your vehicle if it is stolen or vandalized. Comprehensive coverage also protects your vehicle if it is damaged due to a natural disaster such as a wildfire or tornado. If you are driving through Southgate, CA, and your vehicle suffers engine failure, you can add roadside assistance. This type of coverage protects you in emergency situations. You can receive urgent towing service, a battery boost, or help to change a flat tire.

If you plan to modify the interior or exterior of your car, be sure to amend your policy. This is the only way to cover your accessories if they are stolen or compromised. Uninsured motorist coverage is another option to consider. This type of coverage protects you if you are hit by a driver who doesn’t have coverage. Uninsured motorist coverage can help you save time and potential stress.

ANA Insurance Brokerage Inc. Will Help You Protect Your Assets

Contact us today to learn more information about auto insurance.  

Auto Insurance Policy Overview

ANA Insurance Brokerage Inc. is an independent agency. We are committed to helping our clients find the coverage they need to protect what matters most. We have relationships with various carriers in the Southgate, CA community. We enjoy simplifying the process of obtaining coverage for our clients. We strive to provide efficient service.

Auto Insurance Policy Overview

Accidents occur every day. The value of a strong auto insurance policy continues to increase. Auto insurance covers you if you are involved in an accident. If you are held liable for the damages, liability coverage will protect you. Liability coverage also covers any necessary medical treatment resulting from a bodily injury. You can add Personal Injury Protection to cover any injuries you sustained in the collision.

Comprehensive coverage protects your vehicle if it is stolen or vandalized. Comprehensive coverage also protects your vehicle if it is damaged due to a natural disaster such as a wildfire or tornado. If you are driving through Southgate, CA, and your vehicle suffers engine failure, you can add roadside assistance. This type of coverage protects you in emergency situations. You can receive urgent towing service, a battery boost, or help to change a flat tire.

If you plan to modify the interior or exterior of your car, be sure to amend your policy. This is the only way to cover your accessories if they are stolen or compromised. Uninsured motorist coverage is another option to consider. This type of coverage protects you if you are hit by a driver who doesn’t have coverage. Uninsured motorist coverage can help you save time and potential stress.

ANA Insurance Brokerage Inc. Will Help You Protect Your Assets

Contact us today to learn more information about auto insurance.  

Is commercial insurance an asset?

Initiating a thriving business in Southgate, CA is not rocket science, but it’s not a walk in the park either, because it also manifests itself with inherent risks. Devoid of prolific commercial insurance in Southgate, CA business owners are forced to settle for costly damages and legal suits against their business out-of-pocket. Some incidences may relegate your business into a devastating financial crisis, sometimes culminating in a shutdown. Are you still stuck in Southgate, CA unsure of the right commercial insurance for your business? Please visit our agents at ANA Insurance Brokerage today. Our agents will help you forge outstanding commercial insurance that meets your needs and budget.

Is commercial insurance an asset?

Investing in solid commercial insurance is a worthwhile asset because it harbors the following versatile benefits. They include:

Safeguarding your employees

California state advocates that any business entity with employees either full-time or part-time maintain workers’ comp insurance. Did you know that your employees form an integral component of the success of your business? If your employees sustain any form of injury or contract an ailment when working on your premises, they are entitled to medical care, missed wages, and funeral benefits.

Protection of your clients

What transpires if one of your clients slips and injures their leg and they require immediate medical intervention? Investing in Business Owner’s Policy can assist in catering to any prevailing medical bills. This policy, when bundled with business property and business liability coverage, safeguards your business from:

  • Bodily injury
  • Product liability
  • Personal and advertising injury
  • Property damage

Protection from lawsuits

Every business entity is vulnerable to lawsuits, attracting exorbitant legal fees. Imagine one of your employees getting injured and filing a lawsuit against you? Who will cover the legal fees? Worry not because your workers’ comp insurance kicks in and pays for the legal fees.

Protection of business assets

Business entities are susceptible to unforeseen events like fire, vandalism, and hail, destroying their business assets. Acquiring formidable commercial insurance shields your business assets including computers, and inventories from unexpected eventualities.

Are you still in a state of a quagmire about selecting outstanding commercial insurance in Southgate, CA? Please don’t hesitate to speak to our charismatic agents at ANA Insurance Brokerage and get a customized quote for commercial insurance for your business.

Technology Tips for Maintaining a Home Inventory

When you’re taking a home inventory for insurance purposes, ANA Insurance Brokerage knows that there’s a lot to keep in mind. These technological tips can help Southgate, CA residents complete their inventory more easily.

Take Pictures of Everything

From receipts to items, snap a picture of anything you value to help you when filing insurance claims. Sort the pictures into folders based on the type and give them recognizable file names to make it easier to search for a particular item. High quality pictures can start to take up a notable amount of space on a computer, so use a compression tool to shrink the pictures’ folder for storage after you’re done.

Use a Task Management App

Task management apps can help you keep on track while taking your home inventory. You can list out the items that you know you need to track, keep a separate list for the items, and mark off tasks as they’re completed.

Store Online and Offline Backups

Like any form of insurance, redundancy brings benefits. Putting your pictures and list on an online storage service makes them accessible from any device. If you’re worried about someone accessing the files, you can add a long, randomized password to a zipped file to make it difficult for prying eyes to get into it.

If the service goes down, you forget your password, or some other circumstance prevents you from getting to the online backup, an offline backup in a zip drive locked in your safe or another secure location is slightly less convenient but still valuable.

Email Your Insurance Agent

When you have questions about the best way to take your inventory, Southgate, CA residents can contact ANA Insurance Brokerage online for fast access to information based on your situation.