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Southern California Hills Condo Insurance. Protects the things your HOA’s master policy does not include.

Whether you’re buying a new home or you’ve already paid off the mortgage, you may have wondered about the value of home insurance. Your home is likely one of the most valuable assets you have. Homeowners insurance helps protect that investment — and you — in a variety of ways.

Here are some of the key reasons it’s important to consider having homeowners insurance.

HOMEOWNERS INSURANCE MAY BE REQUIRED

In some cases, homeowners insurance is required. For example, if you have a mortgage, your lender is most likely going to require that you have homeowners insurance, says the Insurance Information Institute (III). Before funding your mortgage or refinancing, the mortgage company will typically ask you to provide proof that your home is adequately insured. That’s because the lender wants to be sure its financial investment in your home is protected if it’s damaged or destroyed by a fire or other certain risks.

In addition to home insurance, other types of insurance may be required by mortgage companies. These different insurance requirements may be based on where your home is located. For example, if your home is located in a high-risk flood zone, you may have to have flood insurance.

If you don’t have a homeowners insurance policy, the Consumer Financial Protection Bureau states that your lender is allowed to buy insurance and charge you for the cost. Keep in mind, however, that the insurance policy the lender obtains may be more expensive than what you can purchase on your own and may offer more limited coverage.

HOMEOWNERS INSURANCE PROTECTS MORE THAN YOUR HOUSE

While a standard homeowners policy helps protect your house, it typically helps cover more than just the physical structure of your home. From your personal belongings to the shed in your backyard, or even medical bills if a guest is injured on your property, a standard homeowners insurance policy may include the following coverages:

  • Dwelling coverage.
    If your home and any attached structures, like a deck or garage, are damaged by a covered peril, dwelling coverage helps pay for repairs. The amount of dwelling coverage you need is usually calculated by the square footage of your house and what it would cost to rebuild your home. This is not necessarily the market value of your home.
  • Other structures coverage.
    The other structures coverage in your policy helps pay for repairs or replacement for detached structures on your property, like a fence or shed, if they are damaged or destroyed by a covered peril.
  • Personal property coverage.
    Personal property coverage helps pay to replace certain belongings, such as furniture and electronics, that are stolen or damaged by a covered loss.
  • Personal liability coverage.
    If you or a family member are found legally responsible for accidentally damaging someone else’s property or injuring someone, liability coverage may help pay for related repair costs and legal fees, in addition to helping with medical bills.
  • Guest medical protection.
    If a visitor is accidentally injured at your home, your policy’s guest medical protection helps pay for their resulting medical bills.
  • Additional living expenses coverage.
    If you cannot stay in your home after a fire or other covered claim, your homeowners insurance coverage may help pay for temporary living costs, such as hotel bills.

HOMEOWNERS INSURANCE LIMITS AND DEDUCTIBLES

It’s important to keep in mind that coverages come with limits — the maximum amount your insurance policy will pay toward a covered claim. When selecting your coverage limits, be sure to consider things like the potential cost of rebuilding your home or replacing your belongings. That way, you can be better prepared if your home or belongings are damaged or destroyed by a fire or other covered peril.

Remember that many coverages have deductibles, as well. A deductible is the amount you must pay before your insurance benefits kick in to help reimburse you for a covered claim.

Having a homeowners insurance policy won’t prevent damage to your home or belongings, but it may help provide a financial safety net if the unexpected occurs.

 

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Kari Eisenacher – Agency Owner

 

As the agency owner of SoCal Insurance & Financial Services, I take pride in assisting Huntington Beach residents in choosing the proper insurance protection to best fit their individual needs. If you are not a resident of Huntington Beach, that’s okay too. As a native Californian, and one who has spent 38 years in the insurance industry, I am very knowledgeable of the California insurance market, and look forward to assisting you as well. Nothing brings me more joy than knowing I have helped someone successfully protect their family, assets and financial future (although, USC football is a very close second #FightOn).

I am fortunate to have a team of three licensed professionals with over 25 years of combined knowledge. These individuals are dedicated to assisting clients in making informed and strategic insurance decisions while at the same time providing an
exceptional customer experience.

Being part of my community and building local relationships is very important to me. I am a proud member of the Huntington Beach Chamber of Commerce serving as one of their ambassadors. Our agency also supports the Allstate Foundation in their quest to end domestic violence through educational resources that aim to assist individuals and/or their families.

When you want to explore options for protecting your home, personal property, or financial future, I’m available to answer your questions. If you’re already a customer, I’m ready to review your coverage so that you can make any necessary adjustments to fit your changing needs. Call me today, I look forward to assisting you.

 

 

 

Tony Le – Insurance Agent

 

I recently joined the team in 2022, and I am excited to take care of our customers, treating them like my own family, and making them happy. I enjoy going to the gym daily and staying healthy. I like to help others on this same journey to improve their health and enjoy life to the fullest. In my free time, l also enjoy playing video games, Most people call me Tony The Tiger. I look forward to assisting you. Give me a call today!

 

 

 

 

Becky Duarte – Insurance Agent

 

I have been working in the insurance industry for over 15 years. I am passionate in what I do, and love helping those to better understand what insurance really is. Coming from a Hispanic community, I believe the language barrier is a big reason why many do not understand what they are purchasing.

When I am not at work, I spend my days with my son and daughter. If we are not at the field watching my son play baseball, we enjoy going to amusement parks. And, when I have free time, I enjoy crafting. If you would like to learn more about insurance, give me a call today.

Jason Gloria – Insurance Agent

 

I have been with Allstate for 12 years and enjoy educating clients about insurance and offering the best solutions for their individual needs. When I am not in the office, I love spending time with my wife and two children. I am a big fan of staying active. If I am not involved in a friendly game of tennis, then the family enjoys visiting theme parks. I would love to assist with your insurance needs, call me today.

 

 

 

Kari Eisenacher – Agency Owner

 

As the agency owner of SoCal Insurance & Financial Services, I take pride in assisting Huntington Beach residents in choosing the proper insurance protection to best fit their individual needs. If you are not a resident of Huntington Beach, that’s okay too. As a native Californian, and one who has spent 38 years in the insurance industry, I am very knowledgeable of the California insurance market, and look forward to assisting you as well. Nothing brings me more joy than knowing I have helped someone successfully protect their family, assets and financial future (although, USC football is a very close second #FightOn).

I am fortunate to have a team of three licensed professionals with over 25 years of combined knowledge. These individuals are dedicated to assisting clients in making informed and strategic insurance decisions while at the same time providing an
exceptional customer experience.

Being part of my community and building local relationships is very important to me. I am a proud member of the Huntington Beach Chamber of Commerce serving as one of their ambassadors. Our agency also supports the Allstate Foundation in their quest to end domestic violence through educational resources that aim to assist individuals and/or their families.

When you want to explore options for protecting your home, personal property, or financial future, I’m available to answer your questions. If you’re already a customer, I’m ready to review your coverage so that you can make any necessary adjustments to fit your changing needs. Call me today, I look forward to assisting you.