Archive | August, 2011

What Happens When Homeowner’s Insurance Lapses?

They're laughing all the way to the America's homeowners.

What happens? It’s not pretty, not pretty at all. As if homeowners aren’t having a hard enough time at the moment making payments and keeping their homes from short-sales (or worse, foreclosure), lenders are making it even harder.

Yes, you heard us—the LENDERS are making it harder on homeowners with one of their clever little “hidden practices” that are nice money earners for them. Continue Reading →

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August is Deadliest Month for Drivers

It’s official: August is the least-safe month to be on the road, says both the Automobile Club and, more impressively, the National Highway Traffic Safety Administration. And guess what? Texting isn’t making the situation any better.

The National Highway Traffic Safety Administration’s statistics show that the highest number of fatal car crashes occur in the summer driving season, but the most fall in August. As much as it’s known that Europeans take August off for vacations, it’s actually the most popular month for American families to take their annual trips—44% says a Gallup poll. Continue Reading →

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Consumer Complaints Rising, and Insurance is Essential

Don’t trust a smiling contractor without checking that his company is bonded and insured!

Everyone complains about it nowadays—service just isn’t what it used to be. And it’s not just a phrase; consumer complaints truly are on the rise, according to popular website, a site dedicated to publicizing and solving consumers’ problems. You can visit the site to find blog posts and comments detailing the most common problems and gripes, there was actually a survey released last month that crunches the numbers.

The study, released by The Consumer Federation of America, the National Association of Consumer Agency Administrators and the North American Consumer Protection Investigators, details “the most common, fastest growing and worst complaints” received in 2010 by over 30 agencies. Most were related to the economic hardships faced by consumers and businesses in today’s increasingly tough times.

And for our customers, we’d like to point out a few of the highlights, and show you how we can help:

  1. Landlord and Tenant Issues: Although no side is entirely to blame, tenants have the least protection against bad landlords and their antics. The highest number of complaints were about unsafe living conditions, illegal evictions, rent and deposit disputes and failure to make necessary repairs or provide contractual obligations.
    Are you a renter? You need renter’s insurance, as a dishonest or inept landlord will not keep maintenance up on their property. You are liable to replace all of your possessions if the upstairs neighbor’s water heater leaks through your ceiling, NOT your landlord!
    Are you a landlord? Do you have dwelling fire policy? If your answer was no, you should call us asap. It doesn’t cover all damage, but it does cover willful vandalism from your tenant. DO NOT assume that your homeowner’s insurance will cover it! That only covers the house you live in.
  2. What do a lot of people have in common with actor Will Smith? No, not sticky-out ears or contact with aliens, but problems with contractors and home building. We could tell you stories until the cows come home about faulty installations and shoddy workmanship, but the main point is: homeowner’s insurance, again, won’t cover shoddy workmanship. Nope, not until it causes some damage to your home.
    So what do you do? ALWAYS check the references for any builders or tradespeople that will do work on your home, and definitely check with the state board to make sure they have liability insurance and they’re bonded. Not sure what all that means? Just call us at BMR Insurance. Not only can we explain all of the best practices for hiring people to work in your home, we also can refer you to some stellar companies that are top-notch.

Have questions about the best way to insure your properties, your business, your cars, and ultimately, your family? Call us at BMR Insurance—or just stop by! There is always a real person to help you at BMR Insurance; we know that personal service is not just what you expect, it’s what we deserve. It’s also what we’ve built our business on over 60 years. Call us now on (714) 838-1911 or click here to use our online form.

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Got Allstate? You got a problem…

The tornado in Joplin, Missouri caused billions of dollars in damage, and has created big losses for Allstate.

One of the largest insurance providers in the nation, Allstate, just publicly released their corporate financial information this morning in a report that clearly indicated some major financial issues for the company. Allstate has taken a major blow this year due to catastrophe losses from the biblical-style tornadoes, storms and fires that have recently spawned across the nation.  In fact, in the second quarter, Allstate has suffered a record-breaking  $2.3 billion loss due just in part to catastrophe losses.  Continue Reading →

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