(800) 869-8643

admin@hayesbrokers.com

Hayes Speaks at El Sobrante Rotary Meeting

Hayes Speaks at El Sobrante Rotary Meeting

Galen Hayes was honored to speak (in costume, this is NOT his normal look) at the monthly meeting of The Rotary Club of El Sobrante – District 5160 on October 31, 2017. Galen spoke on a few of his favorite topics with regard to insurance, including flood insurance, earthquake insurance and fire insurance for homeowners. Flood insurance has been a hot topic this year due to flooding from the recent hurricanes, as well as inclement weather across the country. Recent hurricane losses in Texas, Florida and Puerto Rico are in the hundreds of billions of dollars, though much of it is either uninsured or underinsured. The topic of earthquake insurance touched on the California Earthquake Authority and the lack of insured homes for this coverage.   Fire and homeowners insurance were also discussed, including proper insurance valuation and the possibility that many homes are uninsured.It is estimated that in the recent Napa fires nearly 30% of the 9,000 homes burned were not insured. Galen Hayes is available to speak on a wide variety of insurance topics for both homeowners and business owners. If your organization is looking for an entertaining and knowledgeable speaker, call our office to book Mr. Hayes for your next meeting....
Renters Insurance and You

Renters Insurance and You

If you rent a home or apartment, chances are you may not have thought too much about what insurance to buy. After all, you don’t own the dwelling that you rent, so there is no need to cover it. This is true, but the dwelling itself isn’t what you should be concerned about. As a renter you still have belongings that could be lost in the event of a fire or theft, and you still have most of the same exposures that home owners do. Let’s take a look at what renters insurance has to offer: Renters Insurance Covers Your Stuff When you rent, the structure in which you reside is likely insured by the owner, whether it is a person, corporation or association. This coverage only extends to the structure, and does not extend to any contents of the structure that may be owned by you. In the event of a fire or break-in, your landlord’s policy will only pay for repair or replacement of damage to the structure.  Your belongings would not be covered, so it’s important that you have renters insurance to replace your items. Renters insurance covers anything that is owned, used or worn by you or someone in your family that resides in the home.  This includes your furnishings, dishes, clothing, books, etc. There are usually incremental limits for this coverage ($10,000, $25,000, and more). Your broker can help you select the limits of coverage that are right for your family. Please note that there are sub limits for some categories such as electronic equipment, firearms, jewelry and fine arts. Be sure to discuss...
Earthquake Insurance for Businesses

Earthquake Insurance for Businesses

As a business you invest significant capital in your building and/or business personal property. These items can be insured under your Property Insurance or Business Package policy for theft, fire and many other perils. Unfortunately, earthquake coverage is NOT included in the standard commercial lines coverage.  If you own property in the United States – especially California – you need earthquake insurance. Here are three reasons why you should use Hayes Brokers to shop for the right policy for your business:   1. You Can’t Buy It Just Anywhere The CEA (California Earthquake Authority) doesn’t offer coverage to businesses. In fact, most major carriers that dropped out of the homeowners market don’t offer earthquake insurance to businesses. Hayes Brokers has a large selection of insurance carriers who offer earthquake insurance and difference in conditions (DIC) policies to businesses. More carriers means more options for deductibles and coverage.  If your broker doesn’t offer a quote for earthquake coverage, ask for it.   2. It’s Not Part of Your Property Policy When earthquake claims started increasing, most carriers stopped offering the coverage altogether. A standard property policy, even if it is marketed as “special” or “all risks” coverage excludes coverage for things like earth movement and subsidence.  In fact the ISO Causes of Loss – Special Form lists the following exclusion: That property policy you purchased won’t be worth anything to you if the cause of your damages is earthquake. That damage will be excluded and will have to come out of your own pocket.   3. You Don’t Have To Be On A Fault Line The hotspot for earthquakes used...