Homeowners & Condo Insurance
How much money would it take to rebuild your house?
GVIS does the work to determine the replacement cost of your home, then matches the coverage to protect your property, personal belongings and more. Then, we do something that the major carriers DO NOT do. We search among the many Top-Rated Carriers for the Best Plan at the Best Price for you.
Important Things to Consider:
Replacement Cost Coverage - This is the total Insurance Amount needed to repair/rebuild the house in case of a catastrophic claim. It is important to insure your home correctly to value. This does not have to be the loan amount.
Personal Property – Coverage for your personal belongings in the house. Consider the value of all your clothes, furniture, kitchen items, cds/dvd/books, everything you need to replace in event there is a fire. Make sure you tell your agent about valuables; such as, jewelry, musical instruments, business equipment, etc. If any item is valued at over $5,000, you may want to insure it on a “scheduled” basis.
Liability Protection – Amount needed to protect your assets in event of an accident on the property and even provides defense against a frivolous lawsuit. Your liability coverage should be equal to or more than your home value.
HO6- Condo Insurance – Many associations have insurance for the building, but NOT the interior of your Condo Unit. This important coverage insures the interior construction of your Condo to be rebuilt after a claim. Also, it insures all your personal belongings and provides liability coverage for up to $500,000.
Loss Assessment – Important liability coverage if your house is in a Homeowner/Condo Association. This helps you pay your share of claims against the association.
Select plans from the following top-rated carriers and more...
Helping businesses, families, and individuals protect their financial future.
Have Questions? Call Us today at (800) 846-5902
Earthquake Insurance is an important coverage in California. Property Insurance DOES NOT cover claims due to earthquake. Home ownersmust know that there are specific policies available for earthquake coverage from private companies and the state of California.
The State of California has a program offered by the California Earthquake Authority (CEA). The CEA was created to offer insurance to all California residents when it was not available in the private insurance market. While this coverage is not all-encompassing, it is the best way to protect your property from a catastrophic loss due to earthquake.
Please contact us for more information on earthquake coverage.
Toll Free: (800) 846-5902
More Earthquake Links:
CEA- 7 Steps to Earthquake Safety
CEA- About Earthquake Insurance
USGS - U.S. Geological Survey Earthquake Hazards Program
CALTECH - Southern California Earthquake Data Center Home
CALTECH - Recent Earthquakes in California and Nevada
HIGH WINDS - INSURANCE
High winds are a common cause of insurance claims. When Santa Ana Winds, El Nino or La Nina weather conditions create high wind conditions, homeowners insurance claims immediately follow. Most claims filed by homeowners are due to high winds causing trees to fall on cars, houses, and fences, as well as causing some damage to roof shingles.
What can you do to prevent a claim? With average claim amounts of $2000, you can budget 10% of this amount for preventative measures. First, Inspect all trees in proximity to your home. Trim any overhanging trees during calm weather. If necessary, hire a certified arborist to inspect the health and give you an evaluation of your trees. Next, remove any loose equipment, patio furniture and umbrellas from your yard. This will prevent a liability claim from your umbrella damaging a neighbors property. High winds can also cause roof damage. Prior to high wind conditions, inspect your roof every six months. Look for loose or damaged shingles, gaps between shingles or any other repairs that may be needed. Cover your roof vents during winter months if needed. Of course, be sure to only do work or inspect your property during safe conditions. If you are unsure, hire a licensed contractor to evaluate your home. Please contact us for more information on high winds and insurance coverage.
Toll Free: (800) 846-5902
More High Winds Links:
FEMA - Avoiding Wind Damage: A Checklist for Homeowners
Current Watches, Warnings and Advisories for California Issued by the National Weather Service
The Engagement Ring – What you need to know…
An engagement ring is the largest purchase a single man will make that doesn’t have four wheels. This purchase symbolizes his true commitment to the relationship.
Not only is the engagement ring a personal commitment, it is a large financial commitment as well. A general guideline for the engagement ring budgets is 2-3 month’s salary, but most end up being around 6 months of the groom’s salary. This represents thousands of dollars before the wedding planning even starts!
What happens if you lose the ring?! We have all heard many stories about rings going down the sink, flushed, stolen or just plan lost. A simple solution is to have your ring insured. In this case, we are not talking about insurance the jeweler offers. Those often cover the setting and other manufacturer defects (warranty). We are referring to true insurance that will replace the ring at full value for a covered loss.
There are two ways to have your ring insured.
1. Personal Jewelry Floater – This covers your engagement ring and other jewelry. It is called a floater because it is not attached to any other type of coverage. In addition to theft, it will cover losses cause by “mysterious disappearance”, which means, just plain lost it.
2. The best way to cover your engagement ring is to insure it with your renters, home or condo insurance. First, you will get beneficial rates by insuring it together with other coverage. Next, your coverage will be very broad and include: theft, “mysterious disappearance”, and other losses, such as being destroyed in a fire or other events that happen at your home.
Proper insurance coverage on your engagement ring will pay for the cost to replace it for the appraised value or purchase price of the ring (whichever documentation is provided when coverage begins). If something does happen to your ring, you will be able to replace it without the worry of spending thousands of dollars a second time. And your wife/fiancé will appreciate your consideration. For more information on engagement ring insurance, contact us at (800) 846-5902.