Archive | March, 2011

BMR Insurance’s Guide to Earthquake Preparedness

BMR Insurance has discussed preventable liability losses in the event of a natural disaster, such earthquake insurance for homes and offices, but now we would also like to cover disaster preparedness at its most basic level.  Earthquakes and other nature-imposed tragedies will inevitably cause financial turmoil, but it is important to think of what you would do in the moment to survive, not just what you need long-term in order to protect your assets.

In case of a true emergency, here is a quick guide on preparedness in order to help displaced victims of an earthquake or any other natural disaster. We recommend all households to have the following supplies on hand just in case disaster ever strikes:

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Insurance and Earthquake Preparedness

Our hearts go out to all those affected by the recent earthquakes and tsunamis in Japan.  It is a devastating and tragic ordeal and we at BMR Insurance are keeping everyone in our prayers and hoping for a nationwide speedy recovery.

The events in Japan set off alarms in our heads, not only because BMR Insurance is located in a very earthquake-prone state, but because we know all too well that most people are not prepared or properly insured when it comes to natural disasters like earthquakes.

The reality is that most California homeowners are at risk for earthquake disasters; California accounts for two-thirds of nation’s earthquake risk, with the majority of its residents living within a 30 mile radius of the major fault line.  Unfortunately, only 12% of California homeowners have insurance with adequate earthquake protection.  Many people overlook this risk, thinking that the beautiful Golden State is invincible to these types of disasters. However, the devastating earthquakes in Japan, and those that have occurred in recent years in Indonesia, Haiti and Chile, should be a stark reminder to California that the tectonic plates are indeed shifting, and that we are due for a major earthquake in the near future. Preparing now will help to alleviate at least some of the harrowing destruction of the inevitable disaster.

If you didn’t know already, standard homeowner’s insurance does not cover damages for earthquakes.   Continue Reading →

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Golf Courses Need Insurance, Too! (And Lots of It!)

During our breaks, BMR Insurance loves to go out to the driving range and have a couple swings at the tees.  Although owning a golf course is not something in our future (or immediate future, at least!), going out to the driving range gets our minds rolling and thinking about insurance for large public spaces and amenities.

Most people take for granted the tedious processes needed to properly insure public spaces and facilities.  Movie theatres, playgrounds, public parks—all of these places need to be properly insured in the event of liabilities such as injured patrons, or vice versa if patrons inflict damage upon the property.   Golf courses are, of course, included in this category, and since it is such a large-scale facility, we wanted to delve into how much it really takes to insure a place like a golf course.

Think about how big a golf course is, and how much maintenance is needed to upkeep the facilities.  The perpetually manicured lawns, vehicle maintenance for golf carts, management of staff members for the country club—all of the above and more are subject to insurance premium coverage such as property insurance, liability insurance, worker’s compensation, automobile insurance.  Not only that, but there are a lot of various, minute factors when assessing insurance policies for golf courses.  Take, for example, the location of a golf course.  If it is located nearer to fire stations or any facility that provides fire protection, then any claim made for fire damage or injury will be lower than for a facility located in a remote area.  If the golf course is near high-traffic roads, then issues such as stray golf balls injuring passersby is a major concern.

As you can see, there are a lot of factors when insuring a large public facility such as a golf course.  There are so many potential situations for liability or loss and damages, so it is imperative that management for these facilities thoroughly assess the insurance coverage.  So next time you’re out scoring some hole-in-ones or even just walking around a park, think about how much work went into insuring that area.

Do you have a large or public space that needs insurance? Contact BMR Insurance and we can help you find a policy that will ensure adequate coverage.  Or, if you simply need a free insurance consultation, we will be more than happy to help you.  Just call (714) 838-1911 or visit our website at bmrins.com.

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Renting Your Property? You Still Need Renter’s Insurance!

BMR Insurance has already discussed insurance policies for homeowners, but what about those who are renting their properties?  The good news is that there is coverage available for renters too.  But, so often people overlook renter’s insurance and don’t find the need to add a premium on top of their rent.  BMR Insurance wants to remind everybody that disasters don’t discriminate—everyone, owners and renters alike, is at risk when it comes to their belongings and properties, so it is imperative to always be fully and properly insured just in case.

Many people renting apartments or other properties often bypass renter’s insurance all together, mistakenly thinking that their apartment complex, housing association or landlord will protect them in the event of a natural disaster, fire, burglary or any other unfortunate event.  This is not the case!  Even if your landlord has insurance, his policy will only cover his property and belongings.  If you have to ask yourself whether or not you can replace all of your belongings in the event of a disaster, then chances are you need insurance! Renter’s insurance policies will protect your property and your possessions.  BMR Insurance hates to hear stories of people who forego renter’s insurance and who then have to pay dearly for their decision later when disaster strikes. Continue Reading →

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