Relax And Let AllState Protect Your Possessions

How much are you willing to pay for peace of mind? Luckily, with Allstate Insurance, peace of mind costs a lot less than you would expect. Are you nervous about leaving your laptop and new flat screen home alone for the weekend? No problem, Allstate has you covered! You can enjoy your weekend away without worrying about your belongings thanks to affordable Renters Insurance through Allstate.

Renters Insurance is a straight forward policy that protects you against unexpected situations, such as damages and loss. It can cost as little as a cup of coffee when added to your policy, and that’s a small price to pay to be able to enjoy your time away! Let your Allstate agent worry about protecting your possessions as you kick up your feet knowing we have your back. 

Common Myths about Life Insurance

There are a lot of confusion when it comes to life insurance. Most people are unsure when and what kind of life insurance to get for the most part. Some procrastinate thinking they have all the time in the world and the reality of death does not sink in their minds. Lack of knowledge about it leads to wrong and sometimes dangerous information that many believes. Here are some common myths about life insurance.

1. It is okay to depend on your life insurance through your job. There's no need to get a personal life insurance policy.

Life insurance through work is a great benefit but once you leave the company, your coverage ends too. It is wiser to get a personal life insurance especially while you're still young and in good health. There are several good options out there that are affordable and will cover your needs.

2. Having health issues disqualifies me from getting a life insurance.

There are companies that still covers people with health problems. Just be informed that they tend to be more expensive and coverage may be lower, but it is possible.

3. It is too expensive.

A research conducted by LIMRA shows that 25% of Americans said they need more life insurance, but only 10% planned to purchase it. A big reason for this is that most people think that getting a life insurance can be too expensive. If you start young, the chances of getting it in a more affordable cost are higher but that being said, older people can get decent prices that won't break the bank with good coverage. The best way to achieve this is to shop different companies and talk to an agent.

4. You don't need life insurance if you are single, or married with no children.

Having a life insurance can help cover your debts and also provide for your spouse or other loved ones even if you don't have children. Your beneficiaries whether it's your niece, nephew or sibling can help provide financially to them.

5. If an unlikely event that you passed away in a different country, life insurance does not cover you.

Most policies will pay your beneficiaries if unfortunately you passed away in a foreign country. Just be aware that some insurance policies exclude certain countries that are currently on the U.S Department of State Current Travel Warnings. Call your agent to find out prior leaving the country.

Be more informed about life insurance. Don't delay. Find an agent and ask about the different life insurance policies that will be beneficial to your needs.

Earthquakes: Is Your Home Prepared for it?

Earthquake is nothing new in California. As Californians, we experience earthquake more than any other states in the United States, and perhaps the world. The insurance coverage for natural disasters has been increasing yearly for its increase in activity throughout California. Each year, California has about 10,000 earthquakes in which most cannot be felt.  However, disasters do happen and it is best to be covered beforehand. In 1994, Northridge earthquake was the deadliest natural disaster that occurred in the United States, which required the insurance companies to offer earthquake coverage when issuing insurance for residential homes.

AllState offers different types of insurance for any natural disasters such as homeowners, mobile home, condo, and renters. Most homes do not cover earthquake and other natural disasters. These insurances tend to be fairly flexible, depending on the policies. One can easily reduce the risk of earthquake damage by getting specific insurance for your needs. As the chances of natural disaster occurring is slim, the cost of insurance is low.

Most residential insurances do not cover earthquake, or any other damage from natural disasters. An additional CEA (California Earthquake Authority) coverage must be bought to insure your residence. The CEA policy requires the homeowners to set deductibles, the amount in which you have to cover without the help from insurance companies. Deductibles are usually set in between 10-15% of the policy limit, or the amount you household is insured. If the personal belongings and possessions are lost due to fire, 50-70% will be covered. There is some exclusion when it comes to household furniture and belongings such as jewelries, fur coats or sofas. On average, the annual cost of coverage for $500,000 policy is around $7,500.

In the long run, having covered by your insurance company is worthwhile, since the cost is low and natural disaster is unavoidable. In fact, there is a 99% chance of 6.7+ earthquake will hit California within the next 30 years. If you want to play it safe, investing in safety for the future is always good to have as a peace of mind.