Insurance Terms Made Easy

Home Insurance Terms Made Easy

Common Insurance Terms and What They Mean to You

Our team of professionals deals with insurance day in and day out. We live and breathe insurance. While this makes us all the better at our jobs, we often forget that you, a policyholder, aren’t familiar with insurance buzzwords and terms. Because of this, we’ve compiled common terms that often crop up in policies, along with their definition. Hopefully, this will help you to better understand your coverage.

Actual Cash Value (ACV) – The value of your property, based on the current cost to replace it minus depreciation. This contrasts to “replacement cost.”

Additional living expenses (ALE) – Reimburses the policyholder for the cost of temporary housing, food, and other essential living expenses if the home is damaged by a covered peril that makes the home temporarily uninhabitable.

Deductible – The amount the insured must pay in a loss before any payment is due from the company.

Endorsement – An amendment or rider to a policy adjusting the coverages and taking precedence over the general contract.

Liability – Responsibility to another for one’s negligence that results in injury or damage.

Liability limits – The maximum amount your liability policy will pay. There are certain liability limits that must be met on some insurance coverages, for example, auto insurance.

Loss of use – A provision in homeowners and renters insurance policies that reimburses policyholders for the additional costs (housing, food, and other essentials) of having to live elsewhere while the home is being restored following a disaster.

Premium – The amount paid by an insured to an insurance company to obtain or maintain an insurance policy.

Replacement cost – Insurance coverage that pays the dollar amount needed to replace the structure or damaged personal property without deducting for depreciation, but limited by the policy’s maximum dollar amount.

Rider – A written agreement attached to the policy expanding or limiting the benefits otherwise payable under the policy. Also called an “endorsement.”

Need help finding the right insurance for your finances and needs? Contact Chambers & Company Insurance Brokers and our specialists can ensure you secure and understand reliable coverage.

Healthy Habits to Adopt This Year

Healthy Habits to Adopt This Year

Improve Your Health and Happiness with These Tips 

With the New Year in full swing, many of us have made the commitment to a healthier lifestyle. Fulfilling this commitment doesn’t have to be stressful or boring. In fact, little healthy habits can go a long way when it comes to our mental and physical health. So that you make this year the best yet, check out these healthy habits to adopt.

Get Moving

If it’s not on your list already, be sure to add it! We all know the benefits of regular exercise, but our routines outside of the gym can have just as much benefit. Simply find ways to move more in your daily lifestyle. Walk to your colleague’s desk instead of sending an email, park your car further away from the store, and take the stairs instead of the elevator. Just a few minutes of movement each day can have a lasting effect on your health.

Pay Attention to Your Posture

This one is especially important for those of us who have spent a majority of our lives sitting behind our desks. It’s important that we focus on having better posture if we want to avoid chronic pain. Be mindful when you’re sitting or standing that you’re not slouched, your shoulders are back, and your back is straight.

Drink More Water

The human body is made up of around 60 percent fluid – playing a huge role in the body’s daily functions, such as digestion, circulation, and the regulation of body temperature. We should all consistently drink enough water throughout the day to ensure our body doesn’t get dehydrated.

Eat Right

Instead of loading up on processed meats, cheeses, junk food, sugar, and salt, switch to fresh fruit and vegetables. Once you are in a habit of eating more plants, your taste buds won’t be craving sugary and salty foods!

Take Time for Yourself

We spend the majority of the time in our busy lives focusing on our jobs, bills, spouses, children, and more. Challenge yourself to take some time each week for just yourself. Whether you go for a drive, read a new book, or get a massage, you’ll be surprised at how uplifted and recharged you feel!

How are you making changes for the better this year?  To fully protect your financial future with the right insurance policies, contact the team at Chambers & Company Insurance Brokers.

The Importance of Renter’s Insurance

The Importance of Renter’s Insurance

Why You Need Renter’s Insurance

While most people know how important it is to have homeowners insurance, many never stop to consider whether renters also need to protect themselves. Many tenants assume that they don’t need coverage because any hazards will be covered by their landlord’s insurance – after all, they are the ones who own the property, right? This is a common, but costly, misconception. The landlord’s insurance will not cover personal belongings and liabilities of the tenant. This is why you need renter’s insurance.

What is renter’s insurance?

Renter’s insurance is a type of insurance that protects the renter as well as their property. Just like other forms of insurance, customers will choose their amount of coverage and deductible, and then be required to pay a monthly premium based on these, as well as a few other, factors.

What does renter’s insurance cover?

Much like a homeowners insurance policy, renter’s insurance policies typically cover fire, theft, vandalism, utility malfunctions, weather-related damage, and a whole host of other hazards. Be sure to read through your policy to fully understand what is and isn’t covered. Typically, earthquake and flood coverage is excluded from standard policies; however, a separate policy can be purchased.

How much coverage should you buy?

As with all insurance, the amount of coverage you buy depends on your risk and value of possessions. If you have a lot of expensive personal belongings, it is well worth insuring them under a policy. If you work at home, make sure your equipment, like your computer, is covered. If you regularly have visitors, it may be worth securing higher personal liability coverage in case they injure themselves on your property and sue you.

Are you ready to secure the right renter’s insurance? Get started today by contacting the team at Chambers & Company Insurance Brokers.

Easy Ways to Combat Sitting All Day

Easy Ways to Combat Sitting All Day

Avoid Sitting Down All Day

If you work at a desk, you may find that sitting down all day can wreak havoc on your body. Whether it’s lower back pain, wrist pain, a really tight neck, or a lack of mobility, when we spend all day at a desk to pay the bills, our bodies often get stuck picking up the tab. With the dangers of sitting down all day hitting the news, it’s important that you take a stand for your health – a few times a day!

Set Up Your Workplace to Succeed

If you work at a desk job, you probably spend more time at your desk than you do at anything else. While desk jobs may not seem physically taxing, they can certainly cause physical problems. Ensure that your chair is at the proper height, your computer is at eye level, and your back is straight.

Sit on a Stability Ball

Sitting on a stability ball, instead of an office chair, can be an easy way to increase activity. To sit balanced on the ball, you must engage your core muscles.

Stretch Often

Sitting down can wear on your hips and spine. Set a reminder for a couple of times a day to get up and stretch. Reach up and then bend at the hips to touch the floor. Lunges and shoulder rolls are also good stretches to perform to open up tight tips and tense shoulders.

Take a Stand

Standing desks keep employees on their feet, instead of planted in their chairs. Even if your office doesn’t have a standing desk, all you need is a stable box placed on top of the desk in order to stand and work. Take a phone call standing and walk around the office. If possible, opt for a treadmill desk that will keep you moving while working!

Walk More

An easy way to include more activity in the workday is by walking. Suggest walking meetings instead of sitting in the conference room. Instead of sending a colleague an email, get up and walk over to their desk. Take the stairs instead of the escalator. Getting active doesn’t have to be big – but it should happen often.

Rest easy knowing that your finances are safe and protected. Contact Chambers & Company Insurance Brokers for all of your personal and commercial insurance needs.

Emergency Preparedness Tips for First-Time Renters

Emergency Preparedness Tips for First-Time Renters

What Renters Should Know About Disaster Preparedness

There are few feelings that rival the feeling of being handed the keys to your first rental apartment. Even though there are boxes everywhere and a lot of decorating to do, you can’t help but be content with your very own space for the first time. While we hate to put a damper on a good feeling, have you thought about what you might do if an unexpected emergency or natural disaster happens? While renter’s insurance can help, check out these tips to stay emergency-prepared in your new apartment.

Know Your Local Weather

If you’ve moved across the country, or even just across the state, you’ll want to be extra careful in keeping up with the weather. It’s a good idea to familiarize yourself with the types of severe weather in your area, whether that is wildfires, winter snowstorms, or hurricanes. Make it part of your routine to check the weather every day so that you know when to be prepared.

Have a Communication Plan

Do you have a way to contact your friends and family in an emergency? You may not be able to rely on your cell phone if cell towers are knocked down or destroyed. If you have Internet access, you may want to use social media, email, or text messaging to get a hold of your loved ones.

Stock Up an Emergency Kit

You may not think about gathering an emergency supply kit, but should you need it, you’ll be thankful that you did! Gather essential items, such as water, flashlights, non-perishable food, a battery-operated radio, your pet’s supplies (food, water, toys), so that you can grab this kit in the event of an emergency.

Finding yourself in an emergency and on your own can be overwhelming if you don’t plan ahead of time. Fortunately, these tips will stand you in good stead. For the protection your new apartment deserves, contact Chambers & Company Insurance Brokers for reliable renter’s insurance coverage.

Get to Know Your Customers Day is Today!

Get to Know Your Customers Day

Improve Customer Service in Your Small Business

Whether you have handfuls or hundreds of customers on a day-to-day basis, getting to know the people walking through your door can be a key to keep them coming back. Taking the time to get to know your customers can be the extra push some people need to come back to your company time and time again. After all, customers love to feel appreciated. Since today (January 18, 2017) is Get to Know Your Customers Day, here are a few ways to get to know your customers a little better.

Host an Event

Who doesn’t love mingling and free food? Events are a great way to invite your customers to your space and get to know them outside office hours. By hosting an intimate event, you get the opportunity to talk to each guest there and learn about their likes and dislikes. Get creative with your event to attract your customers – and potential clients!

Engage on Social Media

Technology opens up so many doors for us, yet we rarely take full advantage. Turn to social media to get to know your customers by asking questions. You can post surveys or polls on Facebook or Twitter and ask customer questions that are pertinent to your business. You can ask what they’d like to see more of, how you can improve, and what they like most about your company. You’ll gain a lot of insight with this easy, zero-cost tip!

Keep Up with Review Sites

Love ‘em or hate ‘em, review sites are here to stay. Head to the main review sites in your industry (Yelp, TripAdvisor, etc.) and read through some of the reviews – both positive and negative. You can thank those who left a good review. Extend a hand to those who left a negative review by asking them to try your business again with a complimentary or discounted service. With any hope, they will have a much better experience the second time around and alter their review.

While you’re focused on getting to know your customers, let the experts handle your business insurance policies. Contact Chambers & Company Insurance Brokers to get started on your tailored policy.

What a Business Owner’s Policy Covers

What a Business Owner’s Policy Covers

Business Owner’s Policy Coverage for Your Small Business

If you’re looking for one nifty package to hold your essential commercial insurance, then a Business Owner’s Policy (BOP) may be for you. It is a convenient package that combines General Liability with coverage for your business property, inventory, and your building (if you own it). In addition, it can also cover the property of others that is in your care, custody, or control. In essence, BOPs offer a wide range of small business coverage at a reduced cost, making it a valuable and necessary policy for many companies.

General Liability

A BOP typically includes general liability coverage. If a guest is injured at your business as a result of your negligence, general liability coverage may help to pay for their medical expenses. It may also pay for legal costs if you are taken to court over an accident that occurred on your business’s premises.

Business Property

The property insurance in a BOP helps to protect your business’s building if you own it, as well as the contents. Perils can include fires, natural disasters, and even theft. If your property is damaged in some way due to a covered disaster, a BOP can help to repair or replace it for your business.

Business Interruption

This coverage covers the loss of income and increased expenditures if your business is affected by a covered peril. For example, if your building needs serious repair work after a fire, this coverage can help pay for you to rent a new workspace during repairs.

It’s important to read your small business policy carefully to understand which specific perils are covered in your policy. Get started on securing your reliable commercial insurance by contacting the team at Chambers & Company Insurance Brokers.

Get Organized Month: How to Tidy Up Your Car

Get Organized Month: How to Tidy Up Your Car

Organize Your Vehicle 

Do you ever think twice about giving someone a lift because your car is in a perpetual state of disorganization? Since January is Get Organized Month, now is a great opportunity to dedicate some time to your vehicle to get it clean and tidy. Luckily, this doesn’t have to be a long and expensive process. Check out these tips below!


As with any cleaning project, you want to start by evaluating what you have in your vehicle. Do you have trash that has been sitting there for a while? Do you have out of date paper maps? Recycle or throw away what you don’t need to keep in your car, and re-evaluate what you do keep.

Sort Out the Paperwork

You’ll need to keep some forms of paperwork in your vehicle. Ensure you have the necessary documents, along with a print-out of your insurance coverage, vehicle details, and paid vehicle registration fees.

Clean Up

Once you’ve decluttered it, now is the time to give it a good clean! Wash the outside, vacuum the inside, and wipe down the interiors. Ensure you wipe down the mirrors and windows well, leaving no smears that could distort your vision.

Use a Shower Caddy Car Fluids Organizer

If you break down on the side of the road, that motor oil does you no good sitting at home. Be on the safe side and keep a few small bottles of the essentials tucked away in a shower caddy.

Make Better Use of the Space

Enjoy your car’s vertical space by using climbing carabiners as bag hooks. Simply clip them behind the headrest. They’re great for transporting your purse, gym bag, groceries, and more!

Stock Your Emergency Supply Kit

Ensure that you have the basic supplies in your vehicle for when you need them the most. Stock up on jumper cables, repair tools, a first kit, blankets, flashlight, batteries, and water.

Keeping your car safe on the roads helps to protect the vehicle as well as your wallet. If you’re looking for the right car insurance, contact Chambers & Company Insurance Brokers today.

Insuring Your Holiday Presents

Insuring Your Holiday Presents

Safeguard the Presents You Received Underneath the Tree

Did you receive some wonderful presents under the tree over the holidays? While adding these valuable belongings to your homeowners insurance may not be on the top of your list of things to do in the New Year, it would be a mistake to forget! Now that the gift-giving season is over, it’s time to update your home inventory to include your precious belongings. If you don’t, you may find that your new gifts are not covered if a disaster or burglary occurs.

Got Engaged? Insure the Ring!

The holidays are a special time of year, so it’s often seen as a good time to pop the question. An engagement ring should be added to a home inventory straight away, preferably with the receipt still in hand. If the ring was expensive, then it may exceed the current limit on a standard homeowners insurance policy, requiring additional insurance in the form of a rider for protection.

Top Technology

With the ever-increasing portfolio of new technology and gadgets available in stores, it’s no wonder technology is often a popular gift during the holidays. Whether it’s a brand-new laptop, the latest iPhone, or a 3D TV, make note that these gadgets should be covered by your homeowners insurance policy. With such fragile and expensive technology in the home, you may want to consider updating your home’s security features.


Often, people surprise others with a vintage car or a sparkling new motorcycle over the holidays. These gifts are certainly thrilling – and hard to wrap. With any vehicle, you’ll want to take out appropriate insurance. Classic car or motorcycle insurance can protect your vehicle for many years to come.

Most of these gifts are on the expensive side, so if you’ve either purchased or have been gifted one of these, you may want to think about reviewing your homeowners insurance. Visit Chambers & Company Insurance Brokers for the quality coverage that you need and deserve.

Car Safety for New Year’s Eve

auto insurance in Camarillo

Ring in the New Year safely by checking out with these driving tips.

New Year’s is a time for celebrating, reflection, and resolutions. As one of the most hyped party nights of the year, there will be lots of festivities occurring this December 31st. Whether you’re throwing a party, checking out a nightclub, or staying in, there are some important driving safety tips you should note. Drunk driving and New Year’s Eve unfortunately go hand-in-hand, according to the statistics. Take measures to protect your New Year’s Eve journey.

Avoid peak post-party times. Many New Year’s Eve parties run until at least midnight, so it’s better to drive between 7 p.m. and 10 p.m., and then wait again until 1 a.m. and 2 a.m. Driving between midnight and 1 a.m. is peak time when people are leaving the bar or party and heading home.

Check the weather report. You should be prepared for the weather conditions on the road so that you know what supplies to bring for your car.

Choose a designated driver. If you’re going to be traveling by car and don’t want to rely on taxis all night, choose a designated driver who will stay sober and drive everyone in your group. Not only will your journey be safer, a sober driver will be able to respond quickly to drunk drivers sharing the road.

Give up your keys when arriving at the party if you drove there and feel tempted to drink. Listen to your friends if they think you are too intoxicated to drive. There are always better options than getting behind the wheel tipsy.

Take public transportation. Public transportation is reliable, safe, and sure to be full of festive travelers! Plan your journey well in advance so that you know which bus to take.

Call a cab. This option is often easier said than done on New Year’s Eve, with many people having booked taxis well in advance. If you don’t want to use taxis, call a Lyft or an Uber. These apps make it extremely easy and hassle-free to get a pickup.

Book a room. Why not make a night of it? If you’re traveling to a party, book a room at a nearby hotel so that you can get there early, enjoy the day, and not have to worry about driving back home that night.

Be sure that you have the right auto insurance in place before heading out for your festivities. Contact Chambers & Company Insurance Brokers today.