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3 Ways to Protect Your Home From a Lawsuit

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Your home is likely to be one of your most important assets. It’s not only the value of it but the security it provides for your family. While you may do your best to safeguard your home from theft and more, many homeowners overlook the likelihood of a lawsuit. It’s a reality that many families do not have the cash to handle a large lawsuit, defend themselves, and satisfy a large judgment. A lawsuit is a huge financial obligation and can put a real strain on your pocket. To help you protect yourself and your property from a lawsuit, read on.


Create a domestic asset protection trust (DAPT)

A DAPT is a self-settled trust created under certain state statutes that offers another method for homeowners to protect their properties. The DAPT is excellent for protecting a personal residence, cabin, or beach house that you plan on keeping for life. In most states, the longer you keep the assets in a DAPT, the better protection the trust provides.


Implement an equity stripping plan

Equity stripping is the process of placing a lien on your home with a mortgage and removing the equity by replacing it with a loan. In short, this makes your home much less attractive to a potential creditor who wants to take it to satisfy a judgment. It’s essential to implement the loan correctly. Ideally, a traditional home equity line of credit or even a first mortgage lien, wherein you use the loan proceeds to invest and create additional wealth, can be a perfect fit. It’s legitimate, and it’s difficult for a creditor to challenge in court and step in front of a valid lien holder on the title to your primary residence.


Purchase umbrella insurance

Umbrella insurance is a coverage that helps you when you need help the most. It extends beyond your current homeowners insurance liability coverage. It is an insurance that covers a variety of situations that could possibly create a claim. It can be very affordable and will benefit many families. If someone files a lawsuit against you, your homeowners insurance may step in to help – but only up to the policy limits. If the lawsuit is so expensive that it costs more than what you have coverage for, then an umbrella insurance policy will step in to help. Most policies start at $1 million in coverage, which gives you ample peace of mind that you have cover in place to protect your home.


Now you know just some of the ways to protect your home from a lawsuit. Are you ready to find the right protection? Talk to the professional team at Chambers & Company Insurance Brokers to determine the right homeowners insurance policy or umbrella insurance policy to suit your needs and home from a lawsuit.

Three Common Myths Around Auto Insurance Coverage

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As with everything in life, there are a number of common myths about car insurance in Camarillo, CA that often end up steering motorists in the wrong direction. Even with the internet at our fingertips, it’s not always easy to decipher what is fact and what is fiction. To help you understand the truth behind common myths about car insurance coverage, read on.


Misconceptions About Car Insurance Coverage


Myth: If I don’t drive my car, I don’t need insurance.

Truth: Whether you drive your vehicle every day, every other month, or just store it away for safekeeping without ever driving it, every car needs insurance. Even if your vehicle is officially off the road, having insurance will help protect it from damage such as theft, vandalism, and natural disasters.


Myth: I don’t need to tell my car insurer when I move house.

Truth: Whenever you move house, you should let your insurer know as soon as possible. Different zip codes will have different risk associated with them. For example, if an area has more claims relating to theft and vandalism, your insurance premiums might increase. If you are moving to a safer area with fewer crime-related claims, you could enjoy lower rates.


Myth: If my friend borrows my car, he or she is responsible for any damage they cause.

Truth: Before you let your friend drive your vehicle, ensure they have a solid history of driving. If they cause an accident or damage your vehicle, you may be financially responsible for the claim.


Rest easy knowing that you have reliable protection in place. For the quality roadside assistance coverage you need to go along with your auto insurance, talk to the team at Chambers & Company Insurance Brokers today.

Managing Help for Businesses Navigating COVID-19

person reading the newspaperLarge and small, every business across the nation has been affected by COVID-19. While there are some government schemes in place to help your business replace lost income and keep your staff working, there are many other ways your business can help itself. Here’s what you should know.


How Businesses Can Help Themselves During the Pandemic


Keep in touch

If your team is working remotely, be sure to check in on them often to inspire them to work hard and keep the business afloat. Make sure there is no confusion about their role and what they need to do during this time. Next, let your customers and audience know how your business is handling COVID-19 and what new steps you are taking during this time.


Think of ways to stay present

There are many ways your business can get creative with marketing and production during this time. Perhaps it is streaming online classes, developing a new and relevant product, or finding new ways to take your business to the customers if they cannot come to you.


Improve your digital marketing strategies

Your online presence has never been so important. More than ever, people are researching brands online. If your website is outdated, your social media messages are irrelevant, or you don’t have an engaging blog, you will be missing out on sales. Make sure you’re doing all you can to focus on digital marketing during this time.


We are here for your business during this unusual time. To find quality insurance for all of your business needs, contact the professionals at Chambers & Company Insurance Brokers.

How to Clean and Disinfect Your Home and Items

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Take care of your house and personal items by disinfecting them often.


While it may seem more productive to read about the coronavirus updates and continue filling your cupboards with canned goods and essentials, but cleaning and sanitizing surfaces in your home can help to lower the chances of you or a loved one contracting the virus. Keeping your home – and yourself – clean and sanitary helps everyone.


The Centers for Disease Control strongly recommends we all take steps to clean and sanitize high-touch surfaces in our homes. To help, we’ve listed a few easy ways to clean and disinfect your property and belongings safely.


Wash your hands – Sure, it’s been said a thousand times and you may hear it a thousand more times, but the best way to lower your risk of contracting Covid-19 is to wash your hands regularly. Get into the habit of washing your hands for at least 20 seconds after you cough, sneeze, touch your face, use the restroom or about to leave one place for another.


Clean and disinfect – Cleaning and disinfecting are two very different things. The CDC recommends we all do a bit of both – even if nobody in your household is sick. Keep a clean home to minimize dust particles and disinfect electronics and high-touch surfaces at least once a day to be safe.


Target your home’s high-touch surfaces – The coronavirus is capable is living on surfaces such as cardboard for 24 hours, but up to two to three days on plastic and stainless steel. Be sure to disinfect high-touch surfaces in your home daily.


Make sure you regularly disinfect your home and belongings to minimize the risk. Are you ready to find the right protection? Talk to the professional team at Chambers & Company Insurance Brokers to determine the right homeowners insurance policy to suit your needs and home today.

Commercial Insurance Policies to Consider as a New Business

Commercial Insurance Policies to Consider as a New Business

Essential Business Insurance Coverage


When you start a new business, you need to take out certain business insurance policies – not only to meet legal requirements, but also to protect your newfound venture and hard work. If you don’t, you could be fined heavily and put your entire operation at risk. With dozens of different types of insurance available for businesses, here are just a few of the must-consider policies for small companies.


Business owner’s policy

A business owner’s policy, or BOP, combines the protection of general liability insurance and property insurance into one handy discounted bundle for small and low-risk businesses. It covers third-party lawsuits over bodily injury and property damage, product liability lawsuits, and damage to business property from covered perils.


Cyber liability insurance

In this digital age, cyber liability insurance is a must. If you store lots of sensitive information about clients or customers, you may want this coverage in case of a cyber disaster.


Commercial auto insurance

Your personal auto insurance policy does not protect your company-owned vehicles or when you’re driving for business-related purposes (other than your commute to and from work). If you have one vehicle, a fleet of vehicles, or drive as a service for clients, then it’s important that you protect your vehicle with commercial auto insurance.


By securing reliable commercial insurance, you can rest assured that you have the right protection in place. To find quality insurance for all of your business needs, contact the professionals at Chambers & Company Insurance Brokers.


Is There a Difference Between Professional Liability Insurance and E&O Insurance?

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Understanding Professional Liability Insurance


As a business owner, you may be looking into your insurance options. As such, you may have come across the terms “professional liability insurance” and “errors and omissions insurance”. To the untrained eye, these two policies can appear to be different coverages. If you are not sure what these terms mean for your business, we are here to help.


Professional liability vs. errors and omissions insurance

You may be aware that many industries use the terms “E&O insurance” and “professional liability insurance” interchangeably. Professional liability insurance is a term used to describe the policy covering consultants, engineers, accountants, and architects. E&O insurance is used to describe the policy covering the real estate, technology sectors.


What about coverage?

On a basic level, professional liability insurance covers you when you are accused of not having done your job correctly. Businesses that provide professional services typically need professional liability insurance because those services come with risks. A client could hold your business liable for:

  • Breach of contract
  • Work oversights and errors
  • Providing substandard work
  • Missed deadlines
  • Negligence


If these professional mistakes result in financial losses for your client, they could sue you to recoup the expenses. In this case, professional liability/E&O insurance could help to cover:

  • Attorney fees
  • Court costs
  • Settlements or judgments


Keep in mind that even if you did nothing wrong and the claim against you was unjustified, there can still be huge costs associated with these types of claims.


Protect your business by taking out the right commercial insurance. To find quality insurance for all of your business needs, contact the professionals at Chambers & Company Insurance Brokers.

Does My Homeowners Insurance Cover Internal Damage?

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Coverage for Interior Property Damage


When homeowners think of their homeowners insurance, they often think of it stepping in to help with significant events like fires, lightning, vandalism, and theft. While these instances tend to be covered in a standard policy, what about the seemingly minor interior concerns that can be just as damaging?


  • Water damage

Whether a standard homeowners insurance policy will cover internal water damage depends on how the damage occurred. If it is sudden water damage from a burst pipe, wind-driven rain, or malicious criminal activities, it is likely that your policy will cover it. However, it may not cover damage caused by gradual leaks, sewage backup or flooding.


  • Mold and mildew

Mold in your home may or may not be covered, depending on what caused it. If the mold is caused by water damage from water used to put out a fire, you may be able to claim coverage. However, removal of mold from your home is not covered if the mold resulted from flooding, ground seepage, or pipes that were poorly maintained, leading to leaks.


  • Pet damage

Most standard home insurance policies will not cover damage your pet does to your personal property or home, whether it’s staining a carpet or scratching the walls. However, liability coverage included in most policies may provide protection in case your pet damages someone else’s property or injures someone.


Are you ready to find the right protection? Talk to the professional team at Chambers & Company Insurance Brokers to determine the right homeowners insurance policy to suit your needs and home today.

Common Winter Work Perils and How to Avoid Them

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Protect Your Business From These Common Winter Work Perils


With winter here, the cold weather brings plenty of risks to employees and business owners alike. With the right preparation and education, you can protect your business and team from common winter work perils. Take a look at these winter issues that businesses face and how to avoid them.


Slips, trips, and falls

Black ice, slick surfaces, and winter debris create a more hazardous environment that causes employees, vendors, and guests to trip and fall. Walkways need to be kept clear as well as stairways and other work areas to ensure optimum safety. Make sure to remove hazards, such as water on the floors and black ice on sidewalks to keep visitors safe.


Employers can avoid costly workers’ compensation claims by creating a proactive safety plan that specifically addresses slips and falls. This can enhance worker safety as well as minimize potential costs from payments out to workers’ compensation claims, government fines, and equipment requirements.


Battling the elements

When working outside in the cold, the risk of injury becomes real. Cold exposure can be a major risk factor for workers and poses long-lasting effects. Make sure that workers are kept warm and avoid staying outside for too long. If there are any signs of hypothermia, get help right away by preventing heat loss.


Are you ready to find the right protection for the festive season and beyond? Talk to the professional team at Chambers & Company Insurance Brokers to determine the right homeowners insurance policy to suit your needs and home today.

Reduce Fall and Winter Property Damage and Insurance Costs

leaves in the falls seasonProtect Your Home This Winter 

With winter on the way, we’re heading into a busy time of year full of holiday parties, festivities, adverse weather, shorter days, and cooler temperatures. Although the most wonderful time of the year can also be the most stressful, there are ways to ensure your home remains in good condition. Below are some common wintertime considerations to keep your home safe and reduce possible insurance risks.

  • Install a home security system

Although the rate of burglaries tends to be lower in winter, break-ins are always a risk. Porch theft is a very real concern, especially during the holiday season. To help minimize these risks, consider installing a home security system – and you could earn yourself a discount on your home insurance!

  • Inspect your roof for damage and leaks

Look for obvious holes and damage (or missing) shingles, but also take some time to comb over the details. Keep an eye out for cracks, leaks, and general wear and tear. Tend to roof issues now before the weather gets worse over winter.

  • Address fire risks

Winter is a prime season for house fires. In fact, more fire deaths occur in December, January, February, and March than any other months of the year. From heaters to cooking holiday dinners to scented candles, there are many fire risks that should be addressed. Take extra care and caution during these months.

Are you ready to find the right protection for the festive season and beyond? Talk to the professional team at Chambers & Company Insurance Brokers to determine the right homeowners insurance policy to suit your needs and home today.

Celebrating No-Shave November

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Ditch the Razors in Honor of No-Shave November

It’s that hair-raising time of year again – and we’re not talking about Halloween!

If you’re interested in participating in No-Shave November, here’s to do:

  • Let your facial hair grow out – that means no shaving, trimming, or grooming for 30 days. Ladies, you can get involved by growing out your leg hair!
  • The idea here is cancer patients lose their hair during treatment, so growing hair brings attention to their challenges.
  • Get friends, family, and co-workers involved in the cause.
  • Make an effort to speak to others about your facial hair and raise even more awareness.
  • Donate the money that you would have spent on shaving and grooming this month to cancer charities.
  • Need more info? Head on over to the No-Shave November website!

Are you getting involved? Let us know! For all of your personal and commercial insurance needs, contact the team at Chambers & Company Insurance Brokers today.