Many homeowners and renters have questions about whether flood insurance is required for a home they have purchased or a house or apartment they may be renting.  In the Temecula, CA area home buyers or renters can refer their questions to a qualified professional at Friant Insurance Agency.  

Buyers of homes and businesses located in designated high-risk flood areas with a mortgage provided by a government agency will be required to purchase and maintain flood insurance.  Also, if you live in a high-risk area and have had to receive federal disaster assistance like grants from the Federal Emergency Management Agency (FEMA) you will have to continue flood insurance.  The same applies to qualify for disaster loans from the US Small business Administration (SBA).  The maintenance of flood insurance will allow you to receive aid at a future date if you need it.  Federal disaster assistance comes either in the form of a loan which is paid back with interest, or a FEMA disaster grant usually in the amount of $5,000. 

Coverage is not required if you do not own or rent property outside the high-risk area, however, your mortgage company may still require a flood insurance policy.  Another important point to consider:

• Traditional home and renters’ policies do not usually cover flood damage.
• Flood insurance will pay claims even if there is no Presidential Disaster Declaration.

The decision whether to purchase flood insurance in addition to your home or renters’ insurance policy is an important discussion to have with an agent at Friant Insurance Group if you live in the Temecula, CA area.  You can visit their website before your visit to gather information on flood coverage and think of any specific questions their friendly professional agents can answer. 

If you’re planning to receive guests at your condo this summer, now’s a good time to get it ready for the holidays. These tips from Friant Insurance Agency can help make your Temecula, CA condo a safer, more comfortable abode for friends and loved ones.  

Service Your AC

Schedule a checkup to inspect and clean your AC before the heat of summer. Replace worn parts to keep your system working at optimal capacity. If your system has seen its better days, replace it with a new one to avoid breakdowns when you need it most.

Prep Your Interior

Deep clean your Temecula, CA condo so you can welcome guests into a fresh, hygienic environment. Wash your windows, dust your fans, and professionally clean your carpeting. Declutter to increase storage space and reduce your risk of accidents. Spruce up dingy walls with a fresh coat of paint and add indoor plants or fresh flowers to your ambiance to brighten your environment.

Increase Security

Upgrade locks on windows and doors to enhance security and minimize the risk of break-ins during your summer holidays. Adding motion sensor lights to exterior doors can help ward off thieves and reduces your risk of night-time accidents. If you don’t have a security system, consider installing one to protect your family’s valuables.

Spruce Up Balcony or Patio

If your condo has a patio or balcony, spruce it up with comfortable furniture and decorative accessories for holiday events and family gatherings. Your friends will appreciate having a little nook for sitting, snacking or sharing a drink together.

Update Your Condo Insurance Liability Coverage

With more people visiting your condo, there’s always the risk of someone having an accident. Liability insurance protects you against injuries from slip and falls, kitchen accidents, dog bites, and more.

To update your condo insurance liability coverage, contact Friant Insurance Agency today.

Your landlord’s insurance policy does not also safeguard your possessions. You need an insurance plan that protects your furniture and personal keepsakes in the instance of a natural disaster or man-made incident. The agents at Friant Insurance Agency can help you find the renter’s insurance policy that best suits your lifestyle in Temecula, CA. First, it is important to understand how renter’s insurance works. 

What is renter’s insurance?

A renter’s insurance policy is an indemnity plan designed to protect those who rent apartments or single-family homes from significant financial loss. Your insurance plan works similarly to home insurance in that you may claim up to your policy’s limits when an incident occurs. 

What does renter’s insurance cover?

Renter’s insurance does not always provide coverage for structural damage. You are solely responsible if your guest breaks a window or punches a hole through a wall during a visit. You can, however, depend on renter’s insurance to pay for flooding due to a broken pipe. A good policy also pays for losses due to theft. 

How much renter’s insurance do you need in Temecula, CA?

The amount of renter’s insurance that you need depends on a number of things. Centrally, you should consider how much insurance you can afford. 

The cost of your premium is determined by a number of factors, which include the age of the building as well as the size of the apartment. You may pay less for renter’s insurance if you have a studio apartment. The value of the items for which you need coverage is also a significant factor. 

The agents at Friant Insurance Agency can help you find the renter’s insurance policy that is right for your home. Call them today to get started with a quote for coverage!

Boat owners in the greater Temecula, CA area are looking forward to boat season, and it will be here before we know it! If you are a boat owner who hasn’t reviewed their boat insurance policy lately, it’s time to get in touch with the helpful team at Friant Insurance Agency. Many boaters simply renew their policies year after year without taking a close look to ensure that they still meet their needs. Don’t find out that you don’t have the coverage you need after it’s too late, call us today!

What to Look for During Your Boat Policy Review

Your insurance needs can change from year to year, and it’s important that your boat insurance policy keeps pace with these changes. Many boaters like to add more robust liability coverage to their basic policies, while others discover that they don’t have the injury protection that they want. If you tow your boat each weekend, you will want specific insurance to cover your vessel and trailer when you go from land to water. Another option is enhanced protection for any theft or damage that occurs when your boat is in port. Boaters that store their vessels can benefit by increasing their coverage options to include dry dock damage or theft. Loss can occur both in and out of the water, at sea or in port, and a full review of your current boat policy will help you determine that you have the coverage you want and need!

Let’s make sure that you have everything in place before the busy boat season gets started in Temecula, CA. Contact the team at Friant Insurance Agency today and find out more about the many comprehensive boat insurance options that are available in California. 

What is Condo Insurance?

Condo insurance is similar to homeowners insurance. It helps cover the cost of fixing or replacing items such as:

• Personal property including clothing, furniture, and electronics
• Interior walls
• Liability in the event you are responsible for injury to someone elsewhere
• Additional living expenses if your condo is uninhabitable due to an event that is covered by your policy

While the exact coverage you have depends on your specific policies, some common perils condo insurance typically covers are:

• Vandalism and theft
• Fire or lightning
• Smoke
• Falling objects
• Wind or hail

There are many perils that you can have your policy cover according to what is available and your particular needs. If you are in the Temecula, CA area, give Friant Insurance Agency a call to discuss the various coverage options available.

Is Condo Insurance Required?

Condo insurance is not required by law. However, your mortgage company or homeowners association may require you to carry it. This will be expressly stated in your contracts.

What If My HOA Already Has Insurance?

HOA’s usually carry insurance, but it most likely only covers the common areas of the property. They typically do not cover the individual units, meaning you will be responsible for insuring your own property. Ask your HOA for clarification on what is already covered before you purchase your own insurance so you do not obtain too little or more than you need.

If you have any questions, need help to understand the coverage you need, or need help to insure your condo, give Friant Insurance Agency a call or stop by today. We look forward to helping Temecula, CA residents protect their homes and their investment.

For the people of Temecula, CA, the water is a popular place for gathering and engaging in fun activities. People buy or lease boats to enjoy the water. Friant Insurance Agency can help you determine what is best for your boat.

In most states including California, boat insurance is not a requirement by the law as it can be adequately covered by homeowner’s insurance.

If you are buying the watercraft through the bank

There are a few exceptions where boaters may be required to have some form of protection. For instance, if your bank is financing the purchase of your watercraft, you may require insurance. The bank will require proof of insurance for the boat and the policy will primarily need to cover the full cost of the watercraft.

Marinas and ports

Ports and marinas may request you to have your boat insurance before using their facilities. For example if need to moor your boat, you may need to carry a policy with  certain amount of value. 

If you do not have home insurance

Depending on the size, value, and make of the watercraft, most small boats can be covered under home insurance policy.  You can buy insurance for non motorized small boats like kayaks and canoes but if it is under home insurance, the policy can cover the boat if it is damaged around the home property. If it is in the water, it is not covered.

The use of the boat

If you are using the boat for commercial purposes like carrying goods or people, you may be required to have boat insurance to protect your passengers. It is also essential to point that commercial watercraft will also require commercial insurance.

Looking to buy boat insurance? Friant Insurance Agency can help you with that.  Visit us at Temecula, CA today.