Three types of commercial insurance coverage you may be legally required to carry

Commercial insurance is an important thing for businesses in Glendale, CA to have. If you run a business in California, we can help you meet your insurance needs at Voi Insurance Solutions LLC

The following are three types of commercial insurance coverage you might be legally required to carry as a business owner.

Commercial auto coverage

If you use a vehicle as part of regular business operations, commercial auto coverage will be necessary for you. You cannot use personal auto insurance to cover a vehicle that you use for commercial purposes. 

Workers compensation and unemployment insurance

If you have a staff of employees at your company, you may have to meet some requirements in terms of worker’s compensation and unemployment insurance coverage.

In the state of California, worker’s compensation insurance is generally required for all companies that hire staff. This is even true if the company only employs one staff member. 

In California, you’ll also be expected to pay an unemployment insurance tax to cover your unemployment insurance needs if you hire employees. 

Malpractice insurance

Those working in certain professions may want to or need to purchase malpractice insurance. For example, physicians and attorneys generally purchase malpractice insurance to protect them against liabilities.

In California, physicians and attorneys are not legally required to purchase malpractice insurance. However, many hospitals and healthcare facilities will require physicians that work for them to purchase malpractice insurance. Also, attorneys without malpractice insurance are legally required to tell clients if they do not carry malpractice insurance. 

Get started finding the right commercial insurance for your needs with our assistance at Voi Insurance Solutions LLC We provide insurance solutions in Glendale, CA. Contact us to learn more. 

Is Homeowner’s Insurance Required?

Purchasing a home is probably the biggest investment a person makes in their lifetime. New homeowners often wonder if they have to purchase home insurance in order to qualify for a mortgage. Almost every mortgage company will require a homeowner to maintain insurance on the home they are financing.  Mortgage companies are not likely to finance the purchase of a home without insurance coverage because they want to protect their investment as well as the homeowner. In the Glendale, CA area potential homeowners can discuss their home insurance needs with an agent at Voi Insurance Solutions LLC.  

Insurance on a home generally covers destruction and damage to the home’s interior and exterior and the loss of the property or theft of possessions. Insurance policies typically cover personal liability in the case of harm to others. Destruction and damage can include but is not limited to fire and other natural disasters or accidents inside the house.  Personal liability will cover the costs if someone is injured in the home and requires medical attention.  

 Mortgage companies require coverage because they have loaned money to purchase the property and they want to protect their investment.  In the event that the property is destroyed by flood, fire, or another disaster the homeowner is still responsible for the remaining balance on the mortgage. This is why insurance policies in the full amount of the replacement value of the home is required.  Homeowners are not stuck paying a mortgage for a home that is not there anymore.  

Start your search for the right home insurance by discussing your options by visiting us and then speak with one of our friendly professional agents at Voi Insurance Solutions in the Glendale, CA area.  

What You Should Know About Boat Insurance

While some aspects of boat insurance resemble that of automobile insurance, watercraft is in a category of their own when it comes to insurance. If you have a boat or considering buying one and live in the Glendale, CA area, here are some boat insurance basics From VOI Insurance Solutions LLC that you should be aware of.

Consider Agreed Value Coverage

Like automobiles, boats can depreciate in value over time. This can leave you short of replacement value. Agreed Value Coverage allows you to predetermine the value of your boat should it be damaged or destroyed by a covered calamity. 

Determine Your Navigational Area

Only operate your boat in your determined navigational area. Operating your boat outside of these areas can place you and your boat at risk.

Fuel Spill and Wreckage Removal Coverage

If your boat should become damaged, leak fuel or even sink in the water, you could be liable for both the leak cleanup and wreckage removal. The fuel spill and wreckage removal provisions of your boat insurance policy can cover these expenses. 

Personal Effects

We often carry a significant amount of personal and valuable items on our boats. These can include sporting equipment, electronic equipment, cellphones, jewelry, and more. Check to make sure you have sufficient personal effects coverage for your property that you bring on board. 

Owning and operating a boat raises your risks in life. It exposes you to a whole new set of potential losses and liability claims. Take the time to make sure you have adequate coverage. The team at VOI Insurance Solutions LLC in Glendale, CA can help. Whether yours is a small fishing boat, a pontoon "party boat" or a large luxury yacht, we can help protect your interests. Contact us today for a no-obligation boat insurance quote today!

Top 3 Things You Need To Know About Motorcycle Insurance

Owning a motorcycle can be fun as well as economical. As you get ready to enjoy the open road on your bike, don’t forget about the importance of motorcycle insurance. At Voi Insurance Solutions LLC, serving Glendale, CA, we love to take the opportunity to educate our clients and future clients on these important insurance topics. Keep reading to learn the top 3 things you should know about motorcycle insurance. 

It Is Required By Law In Most States

One of the main reasons you need to consider purchasing motorcycle insurance is because it is required by law in most states to carry at least liability coverage. The reason for this is because by its very nature a motorcycle is a more dangerous vehicle. The risk factor of you getting injured or you causing an injury to another is greatly increased when driving a motorcycle. Driving without insurance could mean legal problems for you. 

It Will Save You Money

Because the risk factors of driving a motorcycle are slightly higher than that of a regular vehicle, you want your finances protected in the event of an accident. Without insurance, you will be held responsible for expenses incurred by others’ injuries, the expenses for your own injuries as well as repair or replacement of your motorcycle. When these expenses add up, it can leave you vulnerable financially. Insurance is there to protect you against this happening. 

If You Finance Your Motorcycle Is May Be Required

For those who are financing their bike, you will learn that in most cases motorcycle insurance is required by whoever holds the loan. This is to ensure that if the bike is totaled, the lender will still get their money. 

If you would like to learn more about motorcycle insurance, please contact our staff at Voi Insurance Solutions LLC, serving Glendale, CA today. 

Understanding the Importance of Renters Insurance

You may think that since you do not own a home, you do not need to have insurance for the residence. While this is true to an extent, it is not an entirely accurate statement. There is such an insurance product known as renters insurance which can be extremely valuable when you are renting a house, apartment, or some other type of living space.

Renters insurance is a product you want to be considering if you are renting any living space. Think about all of the personal possessions that you bring into your rented apartment. You may have furniture, expensive appliances, jewelry, electronics, and more. With all of this inside of the apartment, what would happen if it was damaged, lost, or stolen? Renters insurance is what is going to cover you for these types of losses.

The same can be said for the liability portion of having an apartment or house you rent. When you have folks over to hang out in a social setting, you are running the risk that someone gets hurt. It could be determined that the injury is your fault, due to them being in your apartment. This could lead to a liability claim that can include medical coverage and more. Renters insurance can help to protect you, providing protection to cover all of the costs associated with the injury.

You want to, even when you are renting, to protect yourself from any risk exposure you can. Renters insurance is a great way to do that as you can have protection to help keep your personal belongings safe, as well as protect you from any liability inside of the apartment. Glendale, CA renters need to reach out to Voi Insurance Solutions LLC to understand their options and more today.

What Does Umbrella Insurance Cover and Do You Need It?

You know you need insurance to protect your assets, but what can you do when traditional policies are not enough? Regular home and auto policies only cover up to a certain amount. In the event of an accident or liability event, these policies can become exhausted. If there are still expenses to be paid then you, as an individual, will be responsible for that. There is a solution, though. At Voi Insurance Solutions LLC, serving Glendale, CA, we are here to educate our clients and potential clients on these topics. 

What Is Umbrella Insurance?

Umbrella insurance is a type of insurance policy you can purchase which will kick in when other forms of insurance have been exhausted. If for instance, someone is injured at your home and chooses to hold you liable, your homeowner’s insurance will pay up to a certain amount. Beyond this amount, an umbrella insurance policy can kick in to cover the remainder of the expenses owed. Although anyone will benefit from this type of insurance, individuals who have substantial assets will benefit the most from this type of protection. Assets such as property, investments, and savings are all types of assets that could be in danger during a liability event. Umbrella insurance is the best way to make sure that these assets are protected no matter what may happen. 

How Much Umbrella Insurance Do I Need?

The amount of insurance an individual will need is dependent on the number of assets you are trying to protect. The best way to pinpoint a good coverage amount is to speak with an insurance representative. 

If you would like to learn more about umbrella insurance, please contact us at Voi Insurance Solutions LLC, serving Glendale, CA. 

Who Needs Flood Insurance?

With climate change affecting weather patterns, many areas are experiencing greater rainfall and increased likelihood of flooding. Those who have homes in flood-prone places know of their need for flood insurance. However, flood insurance might also be a good idea for those who don’t live in places that are as likely to flood. Here are several reasons for you to consider flood insurance in Glendale, CA from Voi Insurance Solutions, LLC.

You Never Know What’s Going to Happen

Flooding by its very nature is unpredictable. While you may live in an area classified as low-risk for flooding, the Federal Emergency Management Agency states that over 20 percent of the claims filed with the National Flood Insurance Program are from areas classified as low-risk for flooding. 

Flood Damage Is Costly and Not Covered by Homeowners Insurance

Just one inch of water in the typical home can cost up to $20,000 in repairs. Water can ruin flooring, electrical systems, drywall, and furniture. The hard part is that standard homeowner’s policies do not cover damages related to flooding. If your home is flooded and you don’t have flood insurance, you will be on the hook for the cost of repairing every bit of damage to the house.

Flood Insurance Is Relatively Inexpensive

The majority of homeowners do not live in flood-prone areas, and the insurance companies take that into account when pricing policies. If you live in an area that is unlikely to flood, adding flood insurance to your insurance package is likely to be relatively inexpensive. For a small amount each month you can have peace of mind to know that if a flood were to come to your area, you will not have to pay up if your home is flooded.

If you have questions about flood insurance in Glendale CA, contact Voi Insurance Solutions, LLC today.

Condo Insurance Options in California

If you are a condo owner, you will require a separate condo insurance policy even if your condo association has its own insurance coverage. Although the condo association coverage takes some burden off you, you will need your own individual coverage. Typically, condo association insurance covers common areas and the exterior of the building, however, these types of insurance policies usually do not cover what is inside the condo. Typical condo insurance will give you the option of having coverage for property damage and liability risks inside the condo. You must carefully study the condo association policy first to understand what is included and what is excluded in the coverage.

The amount of condo insurance you need will depend on the value of the property and the level of risk you are ready to take. The insurance agents should guide you with the correct coverage limits. If your assets are valuable, the agency might recommend you to get umbrella insurance as an extra policy for the property. At the end of the day, paying a relatively small amount in insurance premiums can secure your expensive assets.

The policies for condo insurance can be complicated for most people to understand. It is highly advisable that you get in touch with a reputable insurance agency to discuss the details. To acquire insurance policies and guidance according to your lifestyle, contact Voi Insurance Solutions serving Glendale, CA.

As each client has their own unique needs, the agents at Voi Insurance Solutions are trained to not only guide clients to great policies but also to educate the client so that they can make an informed decision whenever they are searching for condo insurance. You can reach out to our office in Glendale, CA for more information.

Reasons to consider purchasing earthquake coverage

As a resident of the Glendale, CA area, one is certainly aware of the risks of earthquakes; however, not all California residents understand the importance of purchasing an earthquake insurance policy. It is critical to know that earthquake coverage is not covered under a standard homeowners’ policy. The agents at Voi Insurance Solutions, LLC are happy to review the top reasons you should consider purchasing earthquake insurance. 

Structural damage and up to code repairs 

An earthquake can often cause structural damage to a home, which can cost a significant amount of money to repair. By purchasing earthquake coverage, you will not have to worry about paying for the structural repairs. In addition, when you go to repair the damage, the home will need to be brought up to current code, which is also covered under an earthquake policy. 

Federal assistance is not easy to get after an earthquake

Some residents assume that the FEMA will step up and assist with the damage after an earthquake. FEMA does help assist with the immediate aftermath of an earthquake. However, any federal assistance to repair your home will take a long time and will require a significant amount of paperwork. Earthquake coverage will give you the peace of mind that the repairs to your home can be made quickly. 

Loss of use

Many times after an earthquake, homeowners will need to move out of the home while repairs are made to the home. These extra living expenses put a strain on your wallet. Earthquake insurance will help cover your additional costs during the time you and your family are displaced from your home. 

If you are interested in learning more about how earthquake coverage can protect you, make an appointment with Voi Insurance Solutions, LLC today. We proudly serve the Glendale, CA area.

How Auto Insurance Can Protect a Glendale Car Owner

Buying a car is a very exciting situation and time. If you are looking to get a car in the Glendale, CA area, it is important to remember that it is also a big responsibility. One part of this responsibility is making sure that your vehicle is properly covered by an auto insurance policy. A quality auto insurance policy can protect you and your vehicle in many different ways. 

Makes Sure that you Have Liability Protection

One way that an auto insurance policy can protect someone in the Glendale, CA area is by making sure that they have liability coverage. Drivers all over the country take on a lot of liability risks whenever they take their car out for a drive. Since this risk is always present, you need to have auto insurance in place to protect you. Due to this risk, auto insurance is also required by law to make sure you can pay restitution if you cause damages during an accident.

Protects Your Asset

If you ever buy a car, you will quickly find that it is a big investment. The only way that you can ensure that your investment is properly protected from accidental damage, theft, and other challenging situations is by getting auto insurance. When you have auto insurance in place, you will have coverage against a wide variety of situations that could result in a loss. 

If you would like to evaluate your auto insurance options and needs, you should reach out to the team at Voi Insurance Solutions, LLC. When you speak with the insurance professionals at Voi Insurance Solutions, LLC, you can learn a lot more about all of your insurance options. This will make sure that you will find a policy that provides you the coverage that makes you comfortable.