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The Importance of Reviewing Home Insurance Policies Regularly

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Policyholders often believe that once they purchase home insurance, they won’t need to recheck it. However, that isn’t true. Checking insurance regularly can save you from a disastrous outcome and prevent you from becoming uninsured. Here at Murvay Insurance in Newport Beach, CA, we do our best to help provide clients with home insurance that fits their needs. Below, we’ll give you an idea of why reviewing your plan is essential.

Updating Policies to Reflect Home Renovations and Changes

Properties will often come under changes over your time living there. Additionally, rooms may be added while porches or decks are installed. In addition, many people expand the kitchen or bathrooms to help make life more comfortable.

The problem is that by doing so, you risk becoming uninsured. Changes made to the home may disqualify you from specific policies. So, it’s best to double-check your home insurance regularly. We recommend reviewing it at least once annually.

In addition, people moving in or out of your home may require that you change your policy limits. Whether you’re getting a roommate or the kids move out, the amount of property in your home changes. Extra adjustments will need to be made to cover the change in property.

Knowing Changes to the Home Insurance Policy

While less common, insurance may change the policy during renewal. You don’t want to assume that the policy is the same. So, it’s essential to know what changes are being made. Carefully reviewing your policy can help ensure you’ve got the right home insurance.

Helps Policyholders Know When to Get Extra Support

If policy changes occur, knowing what coverage you need to add to your plan is good. Adjustments such as adding earthquake or umbrella policies can be helpful if your annual insurance changes.

The Bottom Line

Knowing everything listed on your home insurance is vital to feeling your best. You don’t want to be caught off guard in the case of an accident. That’s why agents at Murvay Insurance in Newport Beach, CA, can help. We will ensure you get the best policy if you contact us today.

How Flexible Is Auto Insurance?

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Let’s face it; your needs change over time. As such, it’s essential that you can achieve flexibility in all areas of your life, especially regarding your car insurance policy. That being said, many consumers may not know whether or not their auto insurance policy is flexible, making it harder to navigate changes as they come. If you’re looking into auto insurance in the Newport Beach, CA, area, let Murvay Insurance walk you through what to expect with your policy before we help you find the right choice for your needs. 

How Flexible Is Auto Insurance Initially?

Auto insurance is something you need to protect yourself on the road, so customization is a crucial element of this coverage that you can expect when shopping for policies. Whether you want coverage that meets your basic needs, add-ons that help you expand your coverage, or are even looking into insurance bundles that can help you cover multiple properties and assets at once, there’s auto insurance coverage designed for everyone out there. Most insurance providers are flexible and will work with you to provide you with coverage that’s as unique as you are.  

Can I Make Changes at Any Time? 

Customization and flexibility are important when purchasing a policy, but they’re equally important aspects of car insurance should things turn on a dime. Can you make changes whenever you want to your policy? While the answer will vary depending on your circumstances and provider, the general consensus is a resounding yes. All you have to do to make changes to your policy is to reach out to your insurance agent and explain the necessary changes. Then, changes should take effect immediately or almost immediately. This gives you the freedom to alter your policy without having to wait months or years to get the support you deserve.

Start Here With Murvay Insurance! 

Shopping for car insurance in the Newport Beach, CA, area and other areas we serve might seem daunting, given all the choices available, but we make it easy. Compare quotes with us today to find the perfect policy that helps you drive with confidence!

Uncovering Gaps in Your Business Insurance With a Commercial Insurance Review

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At Murvay Insurance, we understand. Business owners in the Newport Beach, CA, area are busy. There are customers to take care of, employees to manage, and bills to pay. It can be a challenge to keep up with day-to-day tasks, let alone add in a special project.

However, scheduling a business insurance review is one added task you should get on your list.

Businesses change over time, and the commercial policy you originally purchased may be inadequate. You may now have gaps. Here are some examples:

Lack of Flood Insurance

Flood insurance is not provided under a general commercial policy. A review can verify whether you have coverage for flooding.

Not Sufficient Liability Coverage

We live in a litigious society, and a slip and fall that causes an injury can be costly. What may once have seemed like enough liability protection may no longer be adequate.

Protection Against Cyber Crime

Cybercrime, identity theft, and security breaches are becoming more common and costly. If your commercial insurance is inadequate, a commercial insurance review can uncover problems.

Income Replacement Coverage

Even if your business is covered for damage due to weather or a fire, could it survive without income while it is being repaired? Income replacement coverage may be the answer.

Schedule Your Business Insurance Review Today

Contact us at Murvay Insurance for a no-cost, no-obligation commercial insurance review for your Newport Beach, CA, area business. We can even provide a price quote. Don’t have business insurance? We can get you started. Reach out to us today!

End-of-Winter Maintenance Checklist for Homeowners

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Warmer weather is just around the corner, and taking care of the toll that winter weather may have taken on your home is important. At Murvay Insurance, serving Newport Beach, CA, we’re here to help you ensure your home is in tip-top shape so you can kick back and enjoy summer. 

Clean Gutters

Leaves and debris can wreak havoc on your gutters, so you’ll want to either clean them yourself or have them cleaned by a professional at least twice each year. 

Inspect Driveway

Winter weather can damage your driveway, so it’s a good idea to inspect it for any damage that may need to be repaired. Spring is the perfect time to have your driveway sealed or repaired. 

Service HVAC Unit

Before you know it, you’ll be ready to flip the switch on the AC. Having your HVAC unit serviced can help you get ahead of scheduled maintenance and attend to any issues that have developed over the course of the winter. 

Inspect Screens and Windows

If your screens remained over your windows during the winter, it’s a good idea to take a look and ensure they held up and aren’t in need of replacement or repair.

Murvay Insurance: Proud to Serve Newport Beach, CA

At Murvay Insurance, we’re proud to serve the residents of Newport Beach, CA. Whether you’re a first-time homeowner interested in finding the right policy for your needs or you’re simply shopping around to learn more about available home insurance policies in Newport Beach, we’re here to help. Stop by our office or reach out today to discuss policy options.

What can happen if I dont carry auto insurance in California?

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Why Auto Insurance is Essential in Newport Beach, CA

For Newport Beach, CA, residents who own a car, insurance for it is not only a convenience but a necessity. Having car insurance in this part of California ensures your mobility and gives you the freedom to explore local beaches and other amenities. However, ignoring the need for car insurance could invite various undesirable outcomes.

Risking Vehicle Loss

One of the main focuses of maintaining auto insurance coverage is to secure yourself against possible vehicle loss. In scenarios involving accidents or theft, if you don’t have insurance, you are responsible for the considerable expense of repair or replacement. Hold an insurance policy, and you have financial support. Without one, your savings will need to cover the loss.

Legal Implications

Driving without insurance can lead to legal penalties. California law mandates auto insurance for all drivers. Failure to have insurance, especially if you have car loans, may result in penalties. Those who neglect these requirements and get caught can face considerable consequences.

When you are a car owner in the Newport Beach, CA area, it’s pivotal to ensure proper auto insurance. As you search for an ideal policy, consider reaching out to our team at Murvay Insurance. The professionals at Murvay Insurance fully grasp the importance of this coverage and will provide you with the necessary assistance to devise a new policy. With our help, you can adequately cover yourself and your vehicle.

Five Benefits of Securing Your Newport Beach Business with Commercial Insurance

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Newport Beach, CA, business owners can protect their operations, equipment, and employees from the unforeseen challenges and risks of running a business by investing in comprehensive commercial insurance. 

Licensed insurance experts at Murvay Insurance can help you understand the benefits of commercial insurance and walk you through the process of securing your local business step-by-step. 

Benefits of Securing Your Newport Beach, CA Business

Benefit #1. – Property Protection 

Newport Beach is susceptible to unpredictable events, including weather-related disasters, fires, flooding, and theft. Comprehensive business insurance can protect your property, equipment, and inventory during shutdowns and disaster-related financial losses. 

Benefit #2. – Accident and Liability Protection

If your business is open to customers and employees, accidents or injuries like slip and falls can happen on your premises. Financially smart California business owners use commercial insurance as a shield to protect themselves against legal and financial liability claims. 

Benefit #3. – Business Interruption Protection 

Some unexpected perils can cause your business to suddenly shutdown without warning. Talk to a trusted insurance agent to learn how to get coverage for lost income and business-related expenses incurred during shutdowns. 

Benefit #4. – Protect Your Employees

Commercial insurance policies offer workers compensation for employees when they are unable to work because of an injury on the job. Protect your employees with comprehensive commercial insurance to foster stronger bonds and loyal relationships. 

Benefit #5. Peace of Mind 

A commercial insurance policy can act like a security blanket, offering policyholders peace of mind when they know their property, employees, assets, and equipment are fully protected from a variety of possible perils.

Contact a knowledgeable agent at Murvay Insurance in Newport Beach to learn about your options for coverage and get a free quote today! 

Green Living, Lower Premiums: Eco-Friendly Home Upgrades and Insurance Benefits

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In the picturesque landscapes of Newport Beach, CA, homeowners are embracing a green revolution, not just for the environment but also for their wallets. At Murvay Insurance, serving the greater Newport Beach, CA area, we recognize the growing trend of eco-friendly home upgrades and the subsequent advantages they bring to the planet and your home insurance premiums.

The Green Advantage: Eco-Friendly Home Upgrades

Eco-friendly upgrades, from energy-efficient appliances to solar panels and sustainable building materials, not only contribute to a smaller carbon footprint but also enhance the overall efficiency of your home. These upgrades align with Newport Beach’s commitment to environmental responsibility while fostering a greener and healthier community.

Smart Homes, Smarter Premiums

Embracing eco-friendly upgrades is not just about being environmentally conscious; it’s also a strategic move for homeowners seeking to lower their home insurance premiums. Energy-efficient features often reduce the risk of accidents or damages, translating into cost savings for homeowners and insurers. Murvay Insurance understands the synergy between sustainability and financial prudence.

Murvay Insurance: Your Partner in Sustainable Living

Serving the greater Newport Beach, CA, area, Murvay Insurance takes pride in being your partner in sustainable living. We understand the unique needs of homeowners in this community, offering insurance solutions that align with both environmental responsibility and financial savvy.

Take the Green Step: Consult Murvay Insurance Today

Your eco-friendly home is an investment in a sustainable future. Murvay Insurance invites you to explore how these green initiatives can benefit the environment and contribute to lower home insurance premiums. Call us today to discuss your home insurance needs and take a step towards securing your eco-friendly haven in Newport Beach.

Are There Accidents in Newport Beach, CA Where You’re Automatically at Fault?

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When accidents occur in Newport Beach, CA, and surrounding areas, there’s always a question of fault. Some people believe that certain types of accidents automatically assign fault to one party or another. At Murvay Insurance, we strive to deal with claims fairly and responsibly. Because of that, we want to shed some light on this myth of automatic fault.

Difference Between Fault and No-Fault States

The first thing to understand is that California isn’t a no-fault state. In a no-fault state, insurance companies typically pay out for their client’s damages, no matter who was at fault in the accident.

As an at-fault state, California insurance companies must pay damages for their client if that client bears the majority responsibility or fault for the accident. Because fault will go wholly with one party or the other rather than being split, there are some circumstances where automatic fault will typically fall.

Types of Accidents Where People Assume Automatic Fault

Some of the most common types of automatic fault situations include:

  • Rear-end collisions occur because the following vehicle has a duty to follow at a safe distance and pay attention.
  • Running a red light or stop sign, because this violates the law and creates accident conditions
  • Driving under the influence violates the law, impairs driving ability, and creates a considerable accident probability.

Generally, if there’s negligence on behalf of a driver, then that driver will likely take on the fault for the accident.

What Happens When There’s Equal Fault

Circumstances where parties all bear an equal or nearly equal amount of fault can happen. Under those circumstances, the insurance companies for all parties will have to pay damages.

For this reason, it’s important not to assume fault if there’s any degree of doubt. If you want to know more about how fault works in Newport Beach, CA car accidents, contact Murvay Insurance today.

Four commercial insurance benefits that might surprise you

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Business owners in Newport Beach, CA need to realize how important it is to carry commercial insurance. At Murvay Insurance, we provide commercial insurance coverage to area business owners.

Business owners can benefit from investing in commercial insurance in numerous ways. Here are four commercial insurance benefits that might surprise you. 

Commercial insurance can cover the costs of hiring legal representation.

If your company is sued, you will need to hire a legal defense. Business owners shouldn’t underestimate how expensive legal representation can be.

With commercial insurance, the costs of legal representation for your company should be covered. 

Commercial insurance can keep a company afloat during a business interruption. 

Business interruptions can make it hard for companies to survive. With a commercial insurance policy that includes business interruption coverage, you can enjoy healthy cash flow even if business operations at your company can’t go on for a certain period. 

Commercial insurance can make it easier for business owners to get financing.

Most business loan lenders require companies to have insurance before they will provide them with capital. This makes commercial insurance especially important if you want to seek out a business loan in the near future. 

Commercial insurance can cover overseas operations.

If your company operates internationally, you’ll be happy to know that many commercial insurance policies are in effect worldwide. Don’t stress out about overseas operations. Purchase commercial insurance, and you won’t face severe financial setbacks due to incidents in other countries. 

Call Murvay Insurance today to get a commercial insurance policy quote. We offer commercial insurance coverage to business owners in Newport Beach, CA.

How Home Insurance Protects You

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Getting home insurance is required for most homeowners. Mortgage lenders require home buyers to have it, and HOAs also require them. However, it’s always important to have home insurance, even if it isn’t required. Home insurance offers several types of protection that protect you against massive expenses that may be necessary after an accident or other incident. If you don’t have your home policy yet, call us at Murvay Insurance in Newport Beach, CA. 

Protection for the Home

One of the most important reasons you need home insurance is that it offers dwelling protection. When a covered event damages your home, such as an accident or disaster, the policy can pay for the necessary repairs. This coverage can save you tremendous money after a damaging event. It’s never a good idea to be without this coverage. 

Protection for Your Belongings

Most of what you own, if not all of it, is likely in your home. The items you own add up to a lot of value. That makes it essential to have all of those things covered by insurance. Home insurance protects them against covered events that can damage or ruin your belongings. The policy can then pay for the items to be replaced so you can return to your everyday life. 

Liability Protection

Home insurance also protects you against liability in your home. If someone comes to your home and gets injured there, you would be liable for paying for those injuries. With home insurance, liability coverage is included. This allows the policy to pay those medical bills. 

Get Your Home Insurance Policy

When you need home insurance, we can help. To learn more, call us at Murvay Insurance in Newport Beach, CA.