Who needs to get recreational insurance?

If you live in the Newport Beach, CA area, the warm weather and outdoor recreational options can make it a fun and vibrant place to live. When you are in this area of California, investing in a recreational toy could be a great option as it will provide you with a lot of fun and memories. Along with this, you do need to also assess your insurance needs. There are several situations when someone should get a recreational insurance policy.

Those that Want Liability Protection

One situation when you should get recreational insurance is when you want liability protection. Even if you intend to use your vehicle safely and carefully, there is always a small chance that a mistake you make could lead to an accident. If this does happen, it will be put to you to pay for damages. Fortunately, with a recreational insurance policy, you will get the coverage needed to mitigate this risk.

Those that Want to Protect Asset

You will also want to get a recreational insurance policy to protect your asset. Your recreational vehicle is a very important and major asset that needs to be covered as well as possible. If you invest in a full recreational insurance policy, it will include the protection needed to repair or replace your vehicle. This can help to protect your asset and ensure you can enjoy it for a long time. 

Getting recreational insurance in Newport Beach, CA is a good option. When you are in the market for your next vehicle, you should speak with the team at Murvay Insurance. The insurance professionals with Murvay Insurance understand how important this type of coverage is. They can help you determine if this insurance is right for your situation and give you the support and guidance needed to choose a new policy. 

3 Tips for Buying Flood Insurance in Newport Beach CA

Floods, earthquakes, and possible fires. This is just some of what mother nature can dish out in or around Newport Beach, CA. While your homeowner’s insurance covers fire, it doesn’t cover flooding. You need a separate policy for this. If you are considering purchasing flood insurance, start by following these three simple tips brought to you by Murvay Insurance.

1. Compare Several Quotes

To begin with, compare several flood insurance quotes before making a choice. You’ll want to compare at least three quotes, looking at the fine detail and asking your insurance agent any questions you may have. During the process, make notes of each policy’s coverage amounts and cost and find the best one suited to your needs and budget.

2. Bundle Your Policies

Bundling your policies under one carrier in Newport Beach, CA is a sure way to save money on your monthly premiums. You can add this policy to all the others, including home, life, commercial, auto, RV, and more, to get maximum savings. Shop around among different carriers and make a switch to the one that offers the most savings for the best coverage or bundle under the carrier you already use. Either way, you’ll save money. 

3. Work with a Reputable Agent

To ensure you complete the above two tips to the best of your ability, work with a reputable agent from Murvay Insurance. Our agents are friendly and will go over each policy with you to determine the right one. Having someone you can count on while navigating the insurance industry brings peace of mind and makes what seems to be a daunting task actually enjoyable. To learn more, give us a call today at 949-333-0892.

A Thorough Overview Of Landlord Insurance

Based in Newport Beach, CA, Murvay Insurance assists California residents by offering different types of insurance policies. We strive to help our clients find policies that will specifically help their individual situations. We hope to establish long-lasting relationships with our clients.

Landlord Insurance

Many landlords in the Newport Beach, CA area enjoy renting out their property. However, many make the mistake of not doing their due diligence in regards to covering their property. If you are renting out your property, landlord insurance helps protect you in the event that your property is damaged by a natural disaster. The policy also covers your property if someone vandalizes it. This is especially important if your property has structures attached to it, such as a garage or fence. Also, keep in mind that if someone were to get injured while visiting the property, you may be held responsible instead of the tenant. For that reason, you should inquire about liability coverage.

The policy includes property coverage so that you will be protected if your furnishings are destroyed. You should be able to get those items replaced. You can also receive lost rental coverage in the event that your property becomes uninhabitable because of a serious issue, such as mold or multiple appearances by rodents.

You can also amend your policy to cover you during special circumstances such as getting into a dispute with your tenant. Other special circumstances may include flooding damage or an emergency construction project. Your property may require different protection if it’s a multi-family unit compared to an apartment.

Consult With Murvay Insurance

If you would like to learn more information about landlord insurance, visit our website today!

What Does Flood Insurance Cover?

As a homeowner, you may live in an area prone to flooding which may create the need to purchase flood insurance. Flood insurance can provide additional benefits beyond homeowner’s insurance if you’re a homeowner faced with this situation. Our team at Murvay Insurance of Newport Beach, CA understands how devastating flood damage can be. We’re here to help by educating consumers on the benefits of flood insurance.

The ABC’s
Flood insurance is fairly straightforward in that it covers anything in your home or the structure of your home that was damaged as a result of flooding. This can include an overflowing sewer if it occurred as a direct result of a flood. Flood insurance isn’t a part of a homeowner’s insurance policy and must be purchased separately. It is mostly administered through the National Flood Insurance Program/ FEMA and is available in 23,000 participating NFIP communities. 

Flood insurance covers your home or business and its foundation. It will also cover both your electrical and plumbing systems. Your HVAC system is also covered under your flood insurance policy. Damage to appliances is also a covered item. Flood insurance will also cover your furniture, curtains, carpeting, and your personal belongings. Valuables can be covered up to certain limits. You may need to purchase additional insurance or special insurance for coverage if rare or valuable items. Flood insurance also covers the loss of food in your freezers and refrigerators that resulted from water damage to your fridge or freezer. The clearing and cleaning of your property after a flood is also covered.

The Most Common Natural Disaster in the United States
Flooding is a real threat that is fairly common. As a result, flood insurance is a wise investment for anyone who lives in a flood zone or an area that has been known to flood from time to time. Murvay Insurance of Newport Beach, CA understands the importance of educating homeowners about the benefits of flood insurance. Visit us online or give us a call for more information. 

What are the benefits of recreational insurance?

Living in the Newport Beach, CA area is a dream for many people. When you are here, you are going to have constant access to recreational activities due to the many nearby beaches. To enjoy the area to the fullest, getting a recreational vehicle or other assets could be a great option. To ensure that your assets are adequately protected, you should acquire recreational insurance policies as it can provide you with a variety of benefits. 

Covers Asset

One of the benefits of getting a recreational insurance policy is that it can cover your asset. Buying any recreational asset will come with a significant investment. If your asset were to be stolen, damaged, or vandalized, you would have to come out of pocket to cover the costs. Fortunately, with a recreational insurance policy, you will have the coverage you need to repair or replace the asset. 

Gives Liability Coverage

You should never underestimate your liability risk when you are going to operate any form of asset. If you are involved in an accident and found to be at fault, you will need to pay for damages. Fortunately, when you get the insurance you need for your asset, you can also receive liability coverage. This will provide you with the protection that you need for liability. 

If you are interested in a new recreational insurance policy in the Newport Beach, CA area, it would be a good idea to speak with the team at Murvay Insurance. Choosing a recreational insurance policy is a big decision and can be complicated. To ensure that you are able to make the best choice possible, Murvay Insurance will help you to identify your risks and help you build a policy that is ideal for your situation.