Every policy starts with a quality action insurance plan to determine what coverages are needed and what limits best serve the insured party.  Here are some suggestions for developing an action insurance plan for various types of insurance policies.

Since the recent discovery of a methane gas leak in Porter Ranch, California at the Aliso Canyon natural gas storage facility has received a lot of attention in the news over the last few months little has been discussed of how insurance companies are looking at the situation. Thousands of families have either fled the Porter Ranch community or been relocated due to health concerns as a result of the gas leak. Their relocation has left homes vacant until the leak has been properly fixed.  Schools, such as Castlebay Lane Elementary and the newly built Porter Ranch Community School, have been closed indefinitely and relocated to nearby facilities as well.

It always amazes me that so many renters don’t feel the need to have an insurance policy protecting their personal property.  While most homeowners are insured, it is astonishing that a majority of renters do not have renters insurance!

Here are some frequently asked questions that should help explain why renters insurance is an important policy to have for anyone that does not own their residence:

Many people are unaware that car insurance does not cover personal belongings in your automobile.  Even a full coverage auto insurance policy will not compensate you for damaged or stolen possessions.  While your car might be covered for damage or theft, only your auto itself is covered. Therefore, the personal property inside the vehicle are not considered part of the vehicle and are not included in its valuation when it comes to an auto insurance policy. Drivers and passengers carry many valuable items with them when on the road, from cell phones and laptop computers, to leather jackets and other valuable items.