Pleasanton CA

Motorcycle Insurance: Does It Cover Riders?

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Motorcycle riders need specialized policies to protect their ride and themselves from various financial difficulties. However, what happens if they add a passenger to their ride? This factor complicates their policies and causes many types of struggles. Thankfully, we at Miao Insurance Services can help to protect Pleasanton, CA motorcycle riders from this type of passenger-based problem.

What Your Policy Will Cover for Riders

When you buy a motorcycle insurance policy, you should look for an extra coverage option is known as “guest passenger liability” coverage. This option is designed to cover any potential problems caused by your rider, such as if they distract you or grab the handlebars as you’re trying to ride. 

However, most motorcycle insurance policies will also cover medical expenses and other financial issues for many riders if you cause the accident. For example, if you crash and your passenger is injured, the liability coverage should help pay for their medical recovery options. 

It is essential to understand that these coverage options will vary based on your insurance company and the policy you buy. In California, most policies must be as comprehensive as possible. Still, some policies provide only strict liability coverage, meaning you may end up paying for anything that a passenger causes during your ride. So consider upgrading your policy. 

Finding an Option That Works for Your Pleasanton, CA Ride 

If you live in California and want a high-quality motorcycle insurance policy that works for your financial needs, seriously consider contacting us at Miao Insurance Services to learn more. We work with many people in the Pleasanton area and strive to create policies that make sense for your needs. And we’ll give you a strong understanding of what your policy covers and what it does not, ensuring that you are properly covered.

Reasons to Consider Getting Umbrella Insurance

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You might occasionally wonder, why get more insurance when I have auto and home policies? As numerous Pleasanton, CA residents can attest to, these policies provide immense benefits for the policyholders. But as Miao Insurance Services advises, they will not be enough to cover various emergencies that you encounter. Below, we discuss reasons to consider getting umbrella insurance.

Claims Are Expensive

If you have been involved in an accident, chances are you are aware of how fast expenses can accrue. Whether you are dealing with property damage costs or lawsuits, primary policies can often get exhausted, leaving you with out-of-pocket expenses. It especially rings true when you cause significant 3rd party injuries or multiple property damage. Umbrella insurance comes in handy here, providing extra coverage for such scenarios, with the compensation provided helping you cover your additional expenses.

Mistakes Can Happen At Any Time

Apart from auto accidents, mistakes can happen at any time. If, for instance, you attend a party and you make false statements against a party or a business, you will likely get a lawsuit for slander. Your guests could also be accidentally imprisoned by your family members, resulting in another lawsuit. Numerous mistakes are excluded from primary cover, requiring you to cover these accidents on your own. Umbrella insurance provides coverage for various everyday accidents, helping to keep you and your loved ones protected.

Gives You Peace of Mind

If you own vehicles, pools, rentals, or businesses, you will occasionally worry due to the risks surrounding these items. Examples of points of concern include guest injuries and customers incurring property damage during a visit to your premises. By getting umbrella insurance, you can rest assured that you are protected when such emergencies arise, helping you live stress-free.

If you need protection, during your Pleasanton, CA residence, umbrella insurance will be your go-to. Contact Miao Insurance Services today to get started on your umbrella insurance journey.

Why is it necessary to carry flood insurance on my property in Pleasanton?

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When you are in the Pleasanton, CA area, being a property owner can be a great housing option. Those who plan to purchase their home here will find that continued demand can make it a great investment. If you want to protect this investment, having proper insurance is a necessity. There are a few situations in which carrying flood insurance on your property should be considered a necessity.

You are Concerned About Flood Risk Damage.

You will need to have flood insurance because you are concerned about the risk of flood damage. If you live in an area susceptible to flood damage, you may find that getting home insurance to protect against this risk is challenging. Due to this, you will want to have flood insurance to ensure you have the coverage to repair your home if floodwaters damage it.

Mortgage Lender requires insurance.

You may also need to have a flood insurance plan to comply with your lender’s standards. Those who will purchase a home in a flood zone and need financing will likely have specific flood insurance requirements that will need to be met. Most mortgage lenders will review your flood insurance regularly and escrow your payments to ensure your coverage remains in place at all times.

A flood insurance plan is needed in several situations for the Pleasanton, CA area. As you are looking for a plan here, calling Miao Insurance Services can be helpful. There are many factors to consider as you choose a new insurance plan, and Miao Insurance Services can make it easier for you. We will help you evaluate your needs and build a plan that is right for your situation. 

Who Needs Life Insurance In Pleasanton, CA?

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Do I need life insurance? This is one of the most common questions we face from our Pleasanton, CA clients. The truth is that there is no one-size-fits-all answer whether you need life insurance. However, various situations may catalyze the need to invest in life insurance. 

If you need to find out whether you need life insurance, hang on as Miao Insurance Services takes a deep dive on persons that need life insurance ASAP.

If you have dependents

Do you have children, aging parents, or a disabled sibling that depends on your income? If yes, you need life insurance to secure their income when you die. Because we can’t predict death, we can leave our dependents in financial turmoil when we die. Fortunately, life insurance provides peace of mind because you are assured that your dependents’ financial needs are well taken care of when you are long gone.

If you have debts

Do you have a mortgage or other cosigned loans? If you are nodding in agreement, you need life insurance to ensure that you don’t leave a financial burden on your loved ones. For cosigned debts, if you die, your cosigner will be tasked to repay the debts. You certainly wouldn’t want this ugly scenario.

If you are married

Change of your marital status means that you have someone that depends on your income. To safeguard them when you die, it’s vital to purchase life insurance.

If you would like to cover your funeral expenses

An average funeral will set you back to about $7,000 to $10,000. This amount can go up depending on your funeral wishes. Instead of burdening your mourning loved ones with final expenses, you can purchase life insurance to take care of your funeral expenses.

If you own a business

If you are in a partnership, it’s wise to purchase life insurance to safeguard your business’s continuity. Your partner depends on you financially. If you die, you will leave a financial gap that would be difficult to fill. Life insurance buys your partner time as they ponder on the next move. 

Would you like more information on life insurance? Please contact Miao Insurance Services. You can also visit our Pleasanton, CA offices to speak to one of our agents. 

 

How does condo insurance differ from home insurance

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Pleasanton, CA is one of the best places to live in the U.S. If you are lucky enough to live here, you are in one of America’s wealthiest cities. The housing prices are high, and one way to break into the housing market is with a condo. For most people, their home will be the largest investment they ever make, and protecting that investment means having the best condo insurance you can afford. At Miao Insurance Services, we are locally owned and operated, and we work hard to find our customers the most affordable and reliable condo coverage. 

You may think owning a home, whether freestanding or a condo, is pretty much the same thing, and therefore, the insurance would also be the same. While condo insurance does have some of the same coverage as home insurance, it is different in the amount and the things covered. 

When you own a condo, you own the interior of your unit. The exterior and communal areas belong to the Condominium Association. These are covered by a master policy maintained by the association. It is paid for through the HOA dues all the owners pay. Every condo owner must read the master policy to understand where your responsibility begins. 

You don’t need to cover the exterior of the building. Therefore, the amount of building coverage will be much lower on a condo policy. It is walls in coverage, so built-ins and the fixtures are what is covered. Contents coverage and liability insurance will be dependent on what you have in your unit and how much you are worth. Loss of use is another coverage you should have on your condo policy. 

When you are in the market for condo insurance at Miao Insurance Services in Pleasanton, CA, we are here to help. 

Do I need auto insurance in California?

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Those that live in the Pleasanton, CA area will love all of the local and nearby amenities. When you are considering living here, you will find that owning a car is necessary so you can get around the area quickly and safely. When you are trying to find a car, you must consider your insurance needs. There are a few different reasons to obtain a new insurance plan for your car. 

Insurance is a State Requirement

A common reason that all California drivers need auto insurance is that your state laws will require it. When you drive your car on a publicly accessible road, state laws require that you carry a full liability insurance plan at all times. This coverage ensures that you could pay for any damages that may be caused by accident. 

Auto Loan Providers require insurance.

You will also need to get an auto insurance plan because your auto loan provider will require it. If you take out a mortgage, your lender will want you to have a full auto insurance plan that includes collision and comprehensive coverage. This insurance is required as it will protect the lender’s security interest in your car.

There are many situations when someone in the Pleasanton, CA area will need to have auto insurance. If you are going to get an auto policy here, it would be a good idea to call Miao Insurance Services. The team with Miao Insurance Services can help you assess your situation and answer all of your questions. This guidance will give you the support needed to pick a policy that is ideal for your situation. 

Do you need commercial insurance if you are working from home?

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Your at-home business continues to thrive in Pleasanton, CA. Leaving the brick-and-mortar office space for more economical means was the best decision you made for your company. Do you still need your commercial insurance plan, though? The Miao Insurance Services agents can help you understand why business insurance is more important now than ever. 

What does commercial insurance cover?

Commercial insurance is a blanket term that encompasses various forms of business indemnity plans. Under the commercial insurance umbrella, a business owner can obtain coverage for:

  • General Liability, where customers who are injured while patronizing the company receive compensation.
  • Auto Insurance, which operates like a standard auto insurance plan.
  • Workers Compensation, which covers employees injured on the job. Workers compensation insurance is required by state law if you have an employee regardless of whether or not your business is a traditional brick-and-mortar or a virtual company.
  • Business Interruption, where your insurance plan pays if you are forced to close for a day due to an unforeseen incident such as a power outage in Pleasanton, CA. 

There are many other commercial insurance types that an agent at Miao Insurance Services can help you understand. 

Do you need commercial insurance for your at-home business?

Your company is susceptible to lawsuits and damages even if operated from your home. In fact, depending on the type of business you have established, you may find yourself at the center of more financial loss when operating a virtual company without insurance. 

Home insurance does not cover items connected to your online business. Thus, you are at a loss if the garage floods and damages your products. You should also consider commercial insurance coverage that pays for legal fees if you are sued for giving bad advice that leads to losses for your client. 

An at-home business does not mean you should drop your commercial insurance plan. Call Miao Insurance Services today to learn how you can restructure your policy to fit your needs.

What Types of Water Damage Are Covered by My Homeowners’ Insurance?

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Water that makes its way into your home can cause thousands of dollars worth of damage. The question is whether or not your insurance will cover the cost of the repairs. At Miao Insurance Services, the agents are always available to answer questions about your homeowners’ insurance and what it covers. Pleasanton, CA residents who need answers about their homeowners’ insurance need to talk to an agent they trust.

Sudden and Accidental Types of Damage

Sudden and accidental types of damage can include a burst water pipe or brain damage that is caused by water getting in through a window that was damaged during a storm. Water damage caused by a limb knocking a hole in the roof or a wall would also be covered.

Gradual Types of Damage

Water damage that is caused by gradual means will not be covered. This can mean damage caused by broken plumbing that failed due to long-term wear and tear. If plumbing fails because it has been neglected or in need of repair, your insurance company won’t cover the repairs’ cost.

Flood Insurance

Basic homeowners’ insurance policies do not generally cover flood insurance. To be covered for flood damage, you would have to purchase a flood insurance policy in addition to your homeowners’ policy.

Determining the cause of water damage can be tricky sometimes. It’s essential to maintain your roof and plumbing to ensure both are in good condition. In Pleasanton, CA, the Miao Insurance Services agents make sure their clients understand what types of water damage are covered and what is not. Speak to an agent today to get the answers you need and the coverage you want.