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Insurance customer satisfaction ratings and comparisons are possible at www.insure.com; also the Sate of California Department of Insurance does an annual survey of homeowners insurance providers in Los Angeles. After the 1994 Northridge earthquake, some companies stopped selling earthquake insurance altogether. In response, in 1996, the California Legislature established the California Earthquake Authority, 916-325-3800, which is a privately funded, publicly operated organization to provide earthquake coverage to residents of Californian. This coverage is not required, but certainly recommended. Due to the variances in local geography, additional natural disasters that may pose some risk to your home include wildfires, landslides, flooding, and environmental hazards- all should be disclosed in your title inspecting report to help you determine which additional protections you might need. A thorough home inspection will address the home’s structural integrity as well. When you obtain insurance, many insurance companies will require that you provide a detailed inventory of your possessions. Photograph or videotape your finite, jewelry, electronics, and anything else of value to supplement your documentation. Store this inventory separate form your home, in a safe-deposited box, or with a family member /trusted friend. |
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| We at Valerie Fitzgerald and Associates realize that you are in the information gathering stage of your purchase and we respect your privacy. Should you have any questions, please feel free to email us at info@valeriefitzgerald.com or call us directly at 310-285-7515. If you or anyone you know is looking to buy or sell a home, please note that we can provide detailed information and access to:
You can count on the services of Valerie Fitzgerald and Associates to provide you with information you can trust.
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Renter’s insurance provides a relatively inexpensive policy against theft, water damage, fire, and—in many cases—personal liability. Earthquake insurance usually has to be purchased separately. Renter’s insurance does not cover structural damage to the building, only personal belongings. Go for the replacement value over cash-value policy. As with all insurance, be sure you understand your policy completely and ask questions. While most insurance companies offer renter’s insurance, always call to double check. Allstate, Farmers, MetLife, Prudential, and State Farm are some of the larger insurance agencies in the area. Homeowners in need of financing will be required to obtain a homeowner’s insurance policy as part of the home buying process.
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