The Insurance Family Blog

Coverage

Liquor Liability Insurance for California restaurants and bars defends you against any charges of negligence related to the service of alcohol on your premises, and also indemnifies your business for any financial loss if you are found to be legally liable for any negligence.  As the owner, you are responsible for your patrons when alcohol is served to them under California’s Liquor Liability laws. 

If you are beginning to shop around for your child’s first car insurance policy, you’re probably already aware that it’s not unusual for student drivers to pay higher premiums. Young adults and students aged 15-24 are statistically considered a high risk group, especially young males, who almost always pay even higher costs. That said, there are some things you and your child can do to mitigate costs.

In a recent nationwide survey, industry experts have revealed some intriguing statistics about what Americans think might increase safety on our roads.  The majority of us think that the teen demographic poses the most danger on the road.  As a result, 60 percent of road users support a national law that would set the minimum standards for a graduated driver’s licensing program, which would hopefully also have an impact on car insurance premiums. Here are a few more findings from the survey:

It’s a depressing prospect: the housing market still hasn’t recovered from the monumental setbacks we experienced a few years back.  Meanwhile, the recent slew of storms we experienced over the spring coupled with the prediction of very active hurricane season means insurance rates are on the rise.  In high-risk locations, some homeowners are paying as much as a 20% increase in their home insurance rates.

California residents can sympathize. Earlier this week, residents of Pawnee County in Oklahoma endured a hellish wildfire that caused at least one death, destroyed 40 homes and did an estimated $20 Million dollars worth of physical damage. The emotional toll from this wildfire is incalculable, and we hope all the homeowners involved had adequate home insurance coverage.

In life, the only certainties are mortality…and uncertainty.  This oxymoronic truth abides with us all.  As mature California residents, we understand the natural limits of life.  We also know that there are ways to continue to provide for our families after we are gone.  After all, it is why we invest in life insurance.  It’s an investment in our family’s future.

Knowing the finer points of what constitutes flood insurance is in your best interest.  As the Associated Press recently reported, the California city of Capitola was denied its claim after properties were damaged during an onslaught of two flash floods.  It’s crucial to have a complete understanding of the nuances of your policy or policies.

There have been some encouraging developments recently concerning the proliferation of earthquake insurance.   The California Earthquake Authority stated that they have taken a step toward diversifying their risk, therefore decreasing any concentrated liability on their part.   What this means for the average consumer is that there will be a greater availability of affordable policies.  In fact, the CEA said that it will reduce rates by 12% beginning January 1, 2012.  This is great news in our current economy, where too many families struggle with day-to-day financial uncertainties. 

With the very nature of a restaurant business comes the risk of fire. Unfortunately, many restaurants fall victim to fires and can sustain extreme damage and loss. We hear about these events every day in the insurance industry and they only prove how vital the partnership between a restaurant owner and their insurer is.

Uninsured motorist insurance is a topic that raises a lot of questions. In California, almost one in every three drivers is uninsured or inadequately insured. An uninsured or underinsured motorist causes almost one in every two collisions. In addition to not being properly insured, uninsured motorists tend to drive unsafe cars, neglect maintenance and are found to be the least careful drivers on the road.