Does Auto Insurance Cover Roadside Assistance?

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Auto insurance is legally required in Bay Area, CA. Minimum liability coverage, which is the state’s legal requirement, helps pay for property damage and bodily injury to the other party if you’re at fault in an accident. While this is the minimum required, it’s not always the best option for comprehensive protection.

Problems With Liability Insurance

The state minimum policy only covers damage to the other person’s vehicle and their medical bills. It does not provide additional coverage, such as uninsured motorist protection. If someone else is at fault and lacks proper coverage, you’ll be responsible for your own vehicle’s repairs. Additionally, liability insurance does not include add-ons like roadside assistance, leaving you vulnerable in certain situations.

Types of Coverage

Insurance companies like Wai Cheng Insurance Inc offer various levels of coverage to meet your needs. Collision coverage protects your vehicle in the event of an accident, even if you’re at fault. Comprehensive coverage protects against non-accident-related damages, such as those caused by fires or natural disasters.

Many companies also allow you to purchase additional protection, such as higher property damage limits, ensuring you’re not left without a vehicle after an accident.

Insurance Add-Ons

For a small fee, many companies offer add-ons to enhance your policy. These include roadside assistance, which can be invaluable in emergencies, and increased uninsured motorist protection to cover damages caused by drivers with insufficient coverage. Another popular add-on covers rental car expenses while your vehicle is being repaired.

It’s important to speak with a professional agent at Wai Cheng Insurance Inc to determine which add-ons and coverage options are best for your needs. Contact us today to learn more. We proudly serve the Bay Area, CA.

Should I Get Commercial Insurance for My New Small Business?

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Your small business needs all the support it can get during its early years, and commercial insurance can provide essential protection. At Wai Cheng Insurance Inc., serving the Bay Area, we can help you find commercial insurance that fits your budget and meets your needs.

We work with many insurance carriers, giving you a wide range of options to select the best commercial insurance for your business. Our experienced insurance representatives are here to answer your questions and guide you through the process. Here’s what you need to know.

What Is Commercial Insurance?

Commercial insurance is designed specifically for businesses. It comes in various types, including auto insurance to cover your business’s vehicles, workers’ compensation to protect your employees, and business liability insurance. Your insurance agent can help you decide which type of commercial insurance is best for your business needs and identify which types may not apply to your business model.

Does My Small Business Need Commercial Insurance?

Nearly every small business can benefit from commercial insurance. This is why it’s important to work with an insurance expert who can help you find the type of business insurance that’s right for you. When you contact Wai Cheng Insurance Inc., we’ll ask you detailed questions about how your business operates and then recommend the types of insurance that make the most sense for your needs.

How Can I Get Commercial Insurance?

Getting business insurance is simple. Start by contacting Wai Cheng Insurance Inc., serving the Bay Area. We help business owners choose the appropriate type of insurance and then shop around with our many insurance carriers to find the best options. Working with our insurance agency makes shopping for commercial insurance easy and efficient. Call today to speak with one of our helpful insurance experts.

What Is Umbrella Insurance, and How Does It Work?

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Umbrella insurance is a specialized type of coverage that works in conjunction with other existing insurance policies. It doesn’t function as a standalone policy but instead complements your existing home and auto insurance. This type of insurance is especially beneficial for homeowners and vehicle owners, providing additional protection against costly accidents. To learn more about umbrella insurance, contact us at Wai Cheng Insurance Inc. in the Bay Area, CA.

Enhanced Liability Coverage

Umbrella insurance provides extra liability coverage for both your home and auto insurance policies. It acts as a single policy that adds substantial liability protection to these existing policies simultaneously. This additional coverage ensures that serious accidents are adequately addressed. Without umbrella insurance, an expensive accident could exceed the liability limits of your home or auto policy, leaving you responsible for the remaining costs.

Covering Overages

Umbrella insurance is designed to cover overages. Once your home or auto policy reaches its maximum payout, the umbrella policy takes over to cover the remaining costs. These policies typically offer high coverage limits, enabling them to handle even the most expensive accidents. By having an umbrella policy, you can avoid paying thousands of dollars in out-of-pocket expenses after your primary policies have been exhausted.

Get Umbrella Insurance Today

If you’re looking for better coverage and want protection against serious accidents, we’re here to help. Contact us to learn more about umbrella insurance at Wai Cheng Insurance Inc. in the Bay Area, CA. Let us help you secure the peace of mind you deserve.

Is Your Home in Bay Area Underinsured? How to Calculate Coverage Needs

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Adequately insuring your home in the Bay Area is essential for protecting yourself against natural disasters, fires, floods, and other unexpected events. Whether you’re a first-time homeowner or looking to reevaluate your existing policies, working with a trusted agency is key. At Wai Cheng Insurance Inc., we help clients determine if their homes are underinsured and provide tailored solutions for comprehensive, year-round protection.

Signs You’re Underinsured

Here are some common signs that your home in the Bay Area might be underinsured:

  • Rebuild Costs: If rebuilding or repair costs are significantly higher than anticipated, it may be time to reassess your policy’s dwelling limit.
  • Upgrades: If you’ve made recent upgrades to your home, such as installing a new roof, adding a building extension, or remodeling your kitchen, and these changes haven’t been factored into your policy, you could be underinsured.

Calculating Coverage Needs

To ensure your home is adequately insured, it’s important to assess local rebuilding costs and update your dwelling coverage accordingly. Consider additional factors such as landscaping, home upgrades, and detached structures when reviewing your policy. You should also evaluate your personal property and liability limits to ensure they align with your asset value and lifestyle.

Even if you don’t live in a high-risk or natural disaster zone, properly insuring your home in the Bay Area is crucial. The right insurance policy not only protects you financially but also provides peace of mind, reducing the stress associated with underinsured properties. To learn more about homeowners’ insurance and determine if your Bay Area home is underinsured, contact Wai Cheng Insurance Inc. today to schedule a consultation.

High Deductibles and Other Negatives of Having the Wrong Car Insurance

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A lower monthly premium on your Bay Area, CA auto insurance policy seems great until you get into an accident and get hit with a life-altering deductible on your claim. Wai Cheng Insurance Inc. strives to get each of our clients the perfect level of auto insurance for their needs and their budget. That’s why we are here to help you avoid the pitfalls of having the wrong auto insurance policy.

1. Being Underinsured

Sometimes, people will misrepresent themselves when shopping for car insurance. This is great when it comes to lowering your monthly costs, but it can be disastrous down the road. You could end up being cited for fraud when you file a claim if you lied while acquiring your insurance policy. This could leave you underinsured or not covered at all when you go to file a claim.

2. No Gap Insurance

If you have a new car or a leased car, consider gap insurance. The last thing you want is the huge negative of being upside down in your car loan when your car is totaled. If you don’t have gap insurance, you could be on the hook for the difference in price as well as having to find a new vehicle.

3. Not Adding a Teen Driver

If you have a teen driver, be sure to add them to your auto insurance policy immediately. Teen drivers are high risk and could cost you thousands of dollars if they damage property or cause injury while driving your vehicle. Notify your insurance provider immediately if you have a teen driver in the household.

At Wai Cheng Insurance Inc., we provide high-quality insurance coverage and customer service to people in the Bay Area, CA. Contact us today if you are interested in learning more about how we can help you.

Does Commercial Insurance Cover Natural Disaster Damage?

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Commercial insurance serves as a protective shield against losses for companies. It typically covers incidents like theft or lawsuits and can also cover damages from natural disasters. However, the coverage depends on various factors and is not always straightforward.

Understanding Standard Insurance

Standard insurance usually covers certain natural disasters, such as tornadoes, and other situations, like fires caused by electrical hazards. However, it explicitly excludes certain natural disasters. For instance, many insurance companies require additional coverage for natural disasters, such as flooding, hurricanes, and wildfires.

Insurance Add-Ons for Extra Coverage

Business owners can purchase add-ons for their commercial insurance to meet their specific needs. Broad coverage that covers all natural disasters is typically not available. Instead, each situation has separate coverage, such as flood insurance, hurricane insurance, and wildfire coverage. It’s essential to consider common natural disasters when selecting insurance options through companies like Wai Cheng Insurance Inc. to ensure you have adequate coverage.

Reading the Fine Print

It’s always important to consider the fine print when deciding on an insurance policy. For example, many policies exclude flood damage unless you have flood insurance. This often includes any water damage, even if it’s caused by excessive rainfall from a hurricane, and you have hurricane coverage.

Many commercial policies include business interruption coverage, which reimburses you for money lost if you have to shut down your business. However, others specifically exclude this coverage and offer it as an add-on. Policies in the Bay Area, CA, can vary depending on the insurance company.

Experienced agents at Wai Cheng Insurance Inc. can help you identify common risks in the Bay Area, CA, to ensure you’re covered when a disaster strikes. Our representatives will work with you to ensure you understand everything you need to know about your commercial insurance policy.

Umbrella Insurance for What Your Standard Policy Doesn’t Cover

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If you have a home insurance policy or carry comprehensive auto insurance, you take some comfort in the security these plans offer – right? Of course, you do. That is why we invest in insurance to begin with, for the help and protection we need if we ever need it. That is also why so many people who call the Bay Area, CA home rely on the experienced and professional team at Wai Cheng Insurance Inc. for all their insurance needs and umbrella insurance solutions.

Umbrella Insurance for What Your Standard Policy Doesn’t Cover

Many people carry home and auto insurance policies. The bad news is that many of those people also find themselves in situations where the accident expenses or liability costs exceed the limits of their standard policy coverage. That results in a balance that the policyholder must figure out. The good news is that with the right umbrella insurance, those types of situations can be avoided altogether.

There are also many situations where the limits of your typical home or auto policy may be less than adequate. From unforeseen liability claims to excessive damages, bills, and more, umbrella insurance can make a difference. That is why discussing umbrella insurance options with your local agent for all your umbrella insurance questions and concerns is a good idea.

Umbrella Insurance Solutions in Bay Area, CA

Do you live in or near the Bay Area, CA? Do you have questions or want to learn more about how umbrella insurance can help protect you? Contact us to find out more and schedule an appointment with our friendly and knowledgeable team today at Wai Cheng Insurance Inc. for the umbrella insurance solutions you need and deserve.

Common riders that extend the value of your home insurance

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Home insurance policies include standard terms outlining the situations the policy does and does not cover and the financial limits of the coverage. In many cases, you can enhance the policy by having it cover additional items and situations or increasing the amount of coverage. These changes, known as riders, endorsements, amendments, or floaters, tailor the policy to your needs. If you need home insurance to suit your needs, contact Wai Cheng Insurance Inc., serving the Bay Area, CA.

Valuable Home Insurance Riders

Homeowners pay extra to extend their coverage with riders, but they are worth the money if they adequately protect your assets against loss. Among the home insurance riders people often find valuable are:

Water and Sewer Backup

Standard home policies do not cover water and sewer damage inside your house. This rider does.

Underground Service Lines / Equipment Breakdown

Likewise, standard policies do not cover your property’s water, sewer, and cable lines or the failure of your electrical, plumbing, and HVAC systems. These riders add that coverage.

Scheduled Items

This is a critical rider if you own antiques, jewelry, or collections worth more than a few thousand dollars.

Guaranteed Replacement

Pays the full cost of repairing your home rather than its depreciated value

Ordinance or Law

Pays the additional cost to bring your home up to code

Identity Theft

Covers identity theft-related lost wages, legal expenses, and other costs

Business Assets

Covers home-based business assets

The Wai Cheng Insurance Inc. Difference

Riders protect your home and possessions by ensuring your policy fits your needs. The Wai Cheng Insurance Inc. team, serving the Bay Area, CA, will structure an insurance plan to suit your needs. Stop by our office today or call us at (510) 651-8788.

Is Car Insurance Required By California Law?

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If you’re a car driver, you’re likely aware of the importance of car insurance. But, is car insurance legally required? If you’re pondering this question, the professionals at Wai Cheng Insurance Inc., serving the Bay Area, CA, can assist. We provide car insurance to customers who want to insure their vehicles and comply with the law. Here’s what you need to know about car insurance.

Is Car Insurance Required By Law?

Car insurance is legally required in most states. In California, car insurance is mandatory. Insurance helps protect other drivers on the road in case of an accident and provides financial assistance to repair your vehicle.

What Type of Car Insurance Is Required?

Liability-only car insurance pays to repair or replace the other driver’s vehicle if you are at fault for an accident. While there are other types of acceptable insurance, many drivers choose liability-only because it meets the minimum insurance requirements and is often very affordable.

Liability-only car insurance does not cover damage to your vehicle if you are in an accident, regardless of who caused the accident. If you want insurance that will pay to repair or replace your vehicle, you must talk to your insurance agent about the various types of car insurance available. Your insurance agent will help you choose car insurance that meets your needs.

How Can I Get Car Insurance?

Contact your Wai Cheng Insurance Inc. agent, serving the Bay Area, CA, if you need car insurance. We offer various types of insurance and can help you find the right one.

Whether you want liability-only car insurance or full coverage car insurance, we work with a variety of carriers to help you find a policy that provides the coverage you want. Call today to make an appointment.

Top Risks of Not Having Commercial Insurance in the Bay Area, CA

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Building a business requires more than a winning idea or a thriving market. When you’re investing in a business in the Bay Area, CA, understanding various risks, such as natural disasters, earthquakes, fires, and even cyberattacks, is crucial. Knowing the top risks of not having commercial insurance in the Bay Area is a way for you to mitigate potential losses and financial woes. At Wai Cheng Insurance Inc., we will work with you to find a commercial insurance policy that is optimized for your business and the industry you represent.

Potential for Significant Financial Losses

A lack of commercial property insurance significantly increases your risk of losing equipment, inventory, or your property. Replacing assets and/or rebuilding commercial properties without adequate commercial insurance can potentially bankrupt your business in its entirety.

Liability Risks

General commercial liability insurance is essential for any business to protect against lawsuits resulting from customer injuries or property damage.

Risks of Lawsuits

Commercial insurance can also help protect against employment disputes, contractual disagreements, and even copyright infringement claims, depending on the market or industry you represent. Managing exhaustive and expensive legal battles without commercial insurance can quickly cause disruptions and major losses for your business.

From protecting yourself from customer lawsuits, legal costs, and even property damage to preventing a significant loss of income during downtime or disruptions, commercial insurance plays a pivotal role in how businesses operate and succeed today. The right commercial insurance policy is not only a way for you to safeguard your business in the Bay Area, CA, but it’s another way for you to protect and preserve your own peace of mind. To learn more about the top risks of not having commercial insurance in the Bay Area, CA, contact Wai Cheng Insurance Inc. for your quote and consultation today.

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