Archive | Industry News & Tips

Reassess Your Finances in the New Year

It’s January 2018, and the perfect time to hit the ‘reset’ button on your personal and family finances. This means setting budgets, finding places to slim down your spending, and knowing where exactly you are focusing your saving. Already on top of your money management? Great! But, as situations constantly change it doesn’t hurt to reassess where you are with your finances. Here are 8 tips (for each year of the decade) to help you enter the New Year on top of your finance game! Continue Reading →

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Protect Your Information While Holiday Shopping Online

It looks like Santa’s workshop has moved from the North Pole to a new digital space this holiday season, as a record-setting 85% of U.S. consumers have reported they will be doing their shopping online this season. The elves at Amazon and other online markets will be hard at work getting packages sent to households on time in 2017.

If you decide to join the masses in online holiday shopping, protect your information from digital thieves looking to access your identity and credit card number. Nothing will dampen the holiday spirit like identity theft– the 300,000 victims of online-theft in 2016 can attest to that. The safe practices outlined below will help secure your online shopping. Continue Reading →

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Smoke Alarms: Are They Necessary?

The short answer is YES. Smoke alarms are one of the first items to check for when moving into a new place. Smoke alarms are required in every home, at every level and in every sleeping room. Three of every five home fire deaths resulted from fires in homes with no smoke alarms (38%) or no working smoke alarms (21%).

If you don’t have smoke alarms, start with the type of alarm: ionized or photoelectric. The difference? An ionized smoke detector use “ions”, or electrically charged particles to detect smoke in the air. Ionized detectors are more responsive to flaming fire. A photoelectric detector, using a light beam to detect the presence of smoke, will be more likely to catch a smouldering fire (such as a lit cigarette that has fallen on a couch cushion). Smouldering fires are dangerous in that they can fill a house with dangerous gases before they even reach a full flame fire. Continue Reading →

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Apartment Walk-Through Checklist

Once you’ve finally found the apartment you want, you most likely just want to finish the process once and for all: move in the furniture, set up the kitchen, and have a good night’s sleep. But before all of that, and before you even take the keys, schedule a walk through of the apartment with a landlord or rental agent. Be ready to note any problems with the apartment’s aesthetics and function. If you do this ahead of time you can prevent incurring fees for damage you didn’t cause in the first place. Come prepared with a notepad, a camera for photos and videos, and this list of what to check for: Continue Reading →

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Tips for Moving With Pets

The bags are packed, the truck is loaded, the keys are turned in: you’re ready to move into your new dream home. The dog in the back of the car, however, is not so thrilled. His or her life has been upended into a whirl of noise, strangers– moving is not a concept pets understand. While you look forward to the new place, the pup is removed from all they know, and for all they know, are heading toward a great punishment where they have no food or toys. There are plenty of ways for pet-owners to ease the process of moving for their pets– leaving them with a not too traumatizing experience. Continue Reading →

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What To Do After a Hit and Run Accident

We don’t like to think we could be the victim of a hit and run accident; but if so, it’s best to be prepared. Hit and run accidents are a big (and growing) problem in California, specifically in Los Angeles, where 20,000 incidents are reported annually. So, if you become one of those 20,000 victims of a hit and run, keep these rules in mind: it will help you stay safe, and to more accurately report the incident to your insurance company. Continue Reading →

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Why Should I Install A Carbon Monoxide Detector?

Carbon monoxide (CO) is a threat to any home that burns gas, natural oil, kerosene, charcoal, or wood. This so-called “silent killer” (as an odorless, tasteless and invisible toxin) poisons 400 Americans a year, and sends 20,000 to the emergency room. But even more lives are saved every year, by the CO alarms installed in homes and cars. One of your top priorities when moving into a home should be to check for a CO alarm, and to install one if necessary. Continue Reading →

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4 Top Tips for College Freshmen (and Parents)

One day, it seems like you’re nervously dropping your son or daughter off for their first day of kindergarten; the next day, you’re setting them up in their first dorm room. How did this happen? As much as you may not want to admit that they’re grown up (and those budding college freshmen don’t want to admit they’re still a little scared being away from home), they’re going to college. We know you’re going to worry, so let’s run down a list of things you should properly worry about—not just if they’re going to eat their veggies or not. Continue Reading →

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Guest Blog: 5 Things Parents Should Know Before Co-signing For Their Child

This week we have a guest post from Todd Trip, one of our trusted colleagues from the wealth management industry. Todd works for MST Financial Wealth Management in Newport Beach, and you can read more about him here. At BMR Insurance, we felt his recent article about what to know before co-signing for your child was one that needed to be shared. Before you pick up that pen, read the following:

Considering co-signing for your child? A recent survey by creditcards.com showed that one in six adults say they’ve co-signed a loan or credit card for someone else—most often to help a child or stepchild buy a car.  Continue Reading →

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7 Things to Consider Before Building a Backyard Fire Pit

In California, we have such great weather year-round that means our outdoor space becomes a place to entertain and relax. Residents are not just content with a wood deck and a barbecue, there are so many options for outdoor living spaces — outdoor kitchens, koi ponds, vegetable gardens, swimming pools, movie theater — but increasingly they are looking for a fire pit.

Maybe that’s because it can be a fairly affordable addition to an outdoor space. And that’s true; it doesn’t have to be an expensive project. But there are a few things to consider (not least of all local ordinances that may prohibit open flames), and therefore we’ve put together a list for you. Continue Reading →

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