Archive | Industry News & Tips

Fire Season is Here. What Should You Do to Protect Yourself?

It’s the beginning of July, yet fire season seems to have come early, while in 2017, it stayed longer. What Californian can forget the Thomas Fire that raged through Ventura and Santa Barbara counties for several weeks last December, destroying over 440 square miles, 1,000 homes and structures, and many people’s lives. It could have killed more people, yet thanks to the emergency services, only two fatalities were reported. The cost to California firefighters is over $702 million, but the cost of the damage is over $2 billion.

Just a month ago, a fire raged through Aliso Canyon, burning over 175 acres in just a few days. Luckily, no structures or homes were damaged. Continue Reading →

Continue Reading

Tenant Vandalism is on the Rise—What Can Landlords Do?

Dennis Myers will be the first to say life as a landlord it not all it’s cooked up to be. Over his last 20 years of experience of owning rentals in Orange County, he feels as everything is getting worse–tenants aren’t respecting properties, rent payments, or landlords. He says what people don’t realize when they begin renting out properties, is that they are in a “position of weakness, with no advantage whatsoever.” The tenant has the advantage. They can avoid payments, wreak havoc on your property, and you can only invest in a good lawyer who can eventually bring them to court. Either way, it ends in you being out thousands of dollars.

Myers had a recent example in mind: Continue Reading →

Continue Reading

Alternative Transportation in SoCal

We know, what do we mean, “alternative ways to travel in Southern California?” Is it even possible to get anywhere without a car and long waits in traffic on the 405? Believe it or not, yes. While we’re not anywhere close to Tokyo’s system or the London Underground in terms of public transit, there are ways to be more environmentally friendly and efficient in your commute or state-wide travel.

Using one of the following alternatives can save you money, reduce your carbon footprint, and dial back the wear and tear on your car. Continue Reading →

Continue Reading

How to Avoid Tire Trouble

The trouble with tires is we sometimes won’t do any maintenance until they’re giving out underneath us on the freeway. We’ve all driven past someone with a flat and been thankful it wasn’t us–then comes the day where it is us. Here are some reasons we wind up with a flat tire:

  1. Puncture by a sharp object
  2. Failure or damage to the valve stem (the piece that sticks out from the tire that you unscrew when a tire needs air)
  3. Tread wear/rips
  4. Improper inflation

Continue Reading →

Continue Reading

Top Car Seats in 2018

Every time you buckle your child properly into their carseat, you are ensuring their safety. In 2016, 723 children died in car accidents. Of these, 15% were unrestrained. These stats show that there is no question: a car seat or booster seat is a must. And in case, you don’t believe us, it’s also the law.

Each year, safety recommendations change, and the age and height of your child must also be taken into account. Continue Reading →

Continue Reading

Insurance for Spring Break

Where are your kids heading for Spring Break? The older ones, in their teens and early twenties, may be taking off for a beach vacation to Miami or Cabo. A well-deserved break from school, fun with friends on the beach– what could go wrong? Unfortunately, a few things.

Even the most responsible of young adults might find themselves in a dangerous or tricky situation, when surrounded by large groups of young students, ocean activities, and alcohol. Spring Break travel insurance can provide important medical, airfare, and trip interruption coverage. Continue Reading →

Continue Reading

What is Inflating Your Car Insurance?

Just how do insurers determine your vehicle policy rate? To an extent it is based on a computer dictating via its algorithms who is a statistical risk and who is not. It also depends upon logical factors such as driving and ticketing history, car model, and how far you drive every year.  Surprisingly, that’s not all:

Factors including gender, neighborhood, relationship status, and credit scores can also bump up or lower your rate. Studies by the Consumer Federation of America (CFA) and experts from various agencies have shown that sometimes you pay more for factors out of your control. Continue Reading →

Continue Reading

Four Ways to Protect your Family Business Against Fraud

One of the best parts of being a family business (and we at BMR Insurance would know), is working alongside loved ones and building a legacy. It’s a rare find in the business world, not found in the corporate workplace. What we’re beginning to realize is that despite these levels of trust, that trust can be, and often is, shattered. But what if love for the family members one gets to work alongside day in and day out becomes a destructive force of its own? Continue Reading →

Continue Reading

The Six Foundations of Insurance

Insurance agencies run off a number of foundational principles. Familiarity with these principles will help you understand the ins and outs of insurance, and how we best do our job. These six foundational principles reduce the risk for both insurance companies, like us, and their clients. Continue Reading →

Continue Reading