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What every new homeowner needs to know about home insurance

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Key Home Insurance Tips for First-Time Homebuyers

Purchasing your first home can be stressful, particularly when it comes to understanding the intricacies of home insurance. Details are often not as straightforward as they seem. At Murvay Insurance in Newport Beach, CA, our independent insurance agents have extensive experience in helping new homeowners choose a suitable home insurance policy.

Understanding Insurance Exclusions

While home insurance covers a range of potential accidents, it must be noted that it doesn’t cover everything. The items not covered are exclusions and clearly listed in your policy. These exclusions include earth movement (earthquake, landslide, mudslide, sinkholes), flooding, sewer backup, and neglect by the owner. Similarly, if your property is destroyed by a government entity or during war, this will not be covered either.

Knowing Home Insurance Limits

Your home insurance has a cap on the amount it pays out to replace your home, your contents, and specific sections of these contents. The coverage for jewelry is often limited. Similarly, antiques, artwork, and coins have strict caps. These limits can be increased with a rider.

Making an Informed Decision on Content Insurance

You can choose the type of content coverage for your assets. You can opt for replacement cost, which is the current market price to replace the items, or the current value, which is the depreciated worth of the possessions.

Assessing Factors that Increase Liability

Certain factors increase your liability. For instance, owning a dog or having a trampoline or swimming pool raises your liability. Consult your agent to discuss these factors.

Before the closing of your new home, feel free to contact us at Murvay Insurance in Newport Beach, CA, to discuss your home insurance needs.

What To Do After a Car Accident: An Insurance Claim Checklist

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Knowing the right course of action after a car accident can help ensure the claims process goes smoothly. For anyone involved in a car accident in Newport Beach, CA, or the surrounding areas, auto insurance coverage from Murvay Insurance provides critical protection against liabilities for damages or injuries. Prepare for what’s to come with the following insurance claim checklist.

Check for Injuries and Call for Help

Immediately after a car accident, your first step should be to call 911. Despite no apparent injuries, you could still be injured. Safeguard by getting examined by a healthcare professional. Assess yourself, your passengers, and other drivers for injuries, and call for an ambulance if anyone needs immediate medical help.

Exchange Information and Collect Evidence

While the aftermath of a car accident can be overwhelming, it’s crucial to stay calm and gather as much information as possible. Exchange details with other drivers involved in the accident. Take ample photographs of all vehicles involved and any injuries incurred. Lastly, request a copy of the police report from the authorities.

Contact Your Insurance Provider As Soon As Possible

In the aftermath of the incident, reach out to your insurance provider to commence the claims process. They can guide you through the necessary steps to file a claim and provide an expected timeline for each phase. An adjuster will typically evaluate your vehicle, determine who was at fault, and estimate repair costs.

The Next Step: Call Murvay Insurance

Whether you’ve been involved in a car accident in Newport Beach, CA, or want to know more about the claims process, contact Murvay Insurance at 949-333-0892.

What Should I Know About Commercial Cyber Insurance?

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Commercial Cyber Insurance – A Business Necessity in a Digital Era

Computers have become an integral component of modern businesses. They are extensively used for various tasks such as ordering supplies, accepting customer orders, and interacting with customers locally as well as across the country. However, alongside these advantages comes the exposure to potential cybercrime, which can disrupt and damage business operations. For businesses in or around Newport Beach, CA, seeking protection against cybercrime’s financial implications, our Murvay Insurance team stands ready to assist you.

What Is Commercial Cyber Insurance And Why It Is Necessary?

Commercial cybercrimes involve individuals misusing computers to steal data or obstruct companies’ efficient utilization of their computers and information. These crimes pose a threat to all businesses using computers, networks, or cloud services.

Cybercrimes can damage your business in several ways; however, cyber insurance primarily covers three types of damages. They are:

  • First-party damages cover the direct costs of investigating attacks, informing customers, paying potential ransomware demands, and dealing with resultant income loss.
  • Third-party or Cyber Liability covers instances when cyber-attacks damage your business and subsequently cause harm to other individuals or companies. This insurance covers your customers’ or suppliers’ direct losses, attorney fees, and settlements.
  • Errors and omissions usually pertain to technology-based businesses protecting against losses suffered by others due to your products or services containing faulty code or errors.

Before qualifying for cyber insurance, insurance companies may require you to adopt specific preventive measures. More advanced precautions could potentially result in reduced insurance premiums.

Partnering with Murvay Insurance

Murvay Insurance serves numerous client’s business and personal insurance needs in the Newport Beach, CA, area. Call us today at 949-333-0892 to discuss insurance coverage to protect your business and personal assets.

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.