Insurance For College Students - Irvine, CA

Auto Insurance, Renters Insurance & Discounts for Your College Student

Insurance For College Students - Irvine, CALeaving for college is an exciting time for your child. Whether your child is moving out of state, moving out of your home, or even living with you at home, college is a new chapter in his or her life. Being your agent, there are a few common questions we get asked about insurance.

Does My Child Need Renters Insurance at College?

It’s best we review your current home insurance policy as it may offer some coverage for your child’s belongings while away. Simply give us a quick call and we can do a review. If your child is living off-campus, you may want to consider purchasing a renters insurance policy in his or her name. This can be as little as $30/month. As a bonus, this can provide liability coverage too.

My Child Will Not Be Taking a Car to School, Can I Take Them Off My Auto Insurance Policy?

Talk to your agent about this first before canceling. If your child plans to drive a vehicle when he or she returns home or if your child ever drives a friend’s car at school, it is best to keep your child on your policy.

Car Insurance Discounts For Your Child

A few car insurance discounts exist with insurance carriers. It’s important to discuss discount options with one of our agents.

Good Grade Discount – if your child gets good grades, talk to your agent to see if he or she can qualify for a good grade discount.

Multi-policy Discount – if your child has both an auto and renters insurance policy, he or she can earn a discount for bundling the policies together.

Resident discount – if your child is attending college over 100 miles away, but isn’t taking his or her vehicle, your child may qualify for a resident discount. Since the car will be parked at your home and is insured in your name, some insurance carriers will give you a discount since the car will not be used as often.

My Child Is Taking A Car To College. What Should I Know About Auto Insurance?

Reach out to your agent to update the garage address to keep the auto insurance policy up-to-date.

Should My Child Purchase His or Her Own Auto Insurance Policy?

If your child has moved out of the house permanently, it might be time to purchase a separate policy. We can explain their coverage options and shop all of our insurance carriers.

Personal Insurance Options in California - Great Park Insurance

The Power of Yelp and Google Reviews

As necessary as insurance is, it can be hard to know the best places to obtain insurance from. In this day and age, marketing has become second nature to most companies where the right words put together in an ad can convince anyone to try getting their quotes with a certain carrier. So how do you know which companies will truly put their customers’ needs first? At Great Park Insurance (GPI) in Irvine, CA, we believe in the power of reviews as we can hear directly from our members themselves on how we have helped them and how we can help you!

Yelp Reviews

As the highest rated insurance agency in

 the nation, our current Yelp page boasts over 500+ five star reviews. We always appreciate when one of our members d

ecides to write us a review to see what parts of our process are really working to showcase our customer service. 

One of our members, Elizabeth, wrote, “I’ve never experienced this unique style of customer service from a company. I now have excellent insurance and I understand my policy! Thank you to Victor and Great Park Insurance.”

We are always happy to help find the best policies for home insurance Elizabeth went with. Reviews not only show us what we are doing well as well as what we can improve on, they also help us show potential new members what we can do for them. Not every review is from a member who has purchased a policy from us either. 

One of our potential memb

ers, James, wrote, “We ended up getting homeowners through our existing insurer, but Julius at Great Park was very professional and helpful in exploring our options.” Way to go, Julius! We strive to keep our members’ best interests in mind and this genuineness has helped us get far with many members deciding to go through with policies we have quoted for them. 

Google Reviews

Our Google reviews also shine with over 350+ five star reviews. What also makes us different from going directly through an insurance carrier is that we are able to research across multiple carriers to find the best rates. For example, we can look for auto insurance through Mercury, Progressive, Safeco, etc. 

One of our newer members, Woojin, wrote, “Julius was communicative and prompt in outlining multiple options from various top rated insurance companies. Definitely would consult with them before purchasing insurance.”

We’re glad your experience with us was informational, Woojin! As an insurance agency, we want to be a source of information for the community. Buying insurance is hard enough as it is and we can make that process easier by doing all the heavy lifting for you!

If you would like to check out more of our reviews, please visit our website our click the hyperlinks to our Google and Yelp page. 

September is National Preparedness Month - Irvine, CA

September is National Preparedness Month – Here is How It Relates to Your Insurance

September is National Preparedness Month - Irvine, CAFEMA, Ready.gov, and Listo.gov are big voices in reminding Americans that September is National Preparedness Month. Ready.gov is a great resource for teaching you how to prepare for a natural disaster.

What do they consider a disaster? Wildfires, flooding, thunderstorms & lightning, hurricanes, earthquakes, tornadoes, landslides, severe weather, droughts, and more. No matter where you live in the United States, you can be vulnerable to one or many natural disasters.

Ready.gov breaks down National Preparedness Month in four steps below.

Step 1 – Make a Plan

Step 2 – Build a Kit

Step 3 – Low-Cost, No Cost-Preparedness

Step 4 – Teach Youth about Preparedness

Every step is important in the event of a natural disaster and we encourage you to use this month to read through their information. You can read more here. Knowing information such as a shelter plan, evacuation route, communication plan or even having an emergency kit can be life-saving.

Proper Insurance & Natural Disasters

Having the right insurance coverage is essential if a natural disaster strikes. Many people assume that by purchasing home insurance, you are covered for anything and everything. This isn’t the case. By not having proper insurance coverage, countless people have been financially ruined.

First step with insurance, talk to your agent

Not only should you use this time with your agent to understand your current coverage, but talk about your risks. Should you purchase flood or earthquake insurance? If you were to experience an insurance claim, do you know how you will be compensated to repair or replace what has been damaged?

After talking with your agent, work on Step 2.

Step two includes creating your home inventory list, safely storing important documents, and knowing exactly what to do if you experience a claim.

  1. Do you currently have a home inventory list? This is a list of your most important belongings. A home inventory list can be as simple as taking photos of every room in your house. Some individuals have an itemized list on a spreadsheet too. In the event you have an insurance claim, you can quickly reference your items in the event they need to be repaired or replaced.
  2. If you have an insurance claim, be sure to take pictures and videos of your damage. You will work with a claims adjuster so be sure to be timely with your response and save all receipts from purchases you have made regarding your claim. Examples – hotel receipts, meal receipts, or other important items.
  3. Are your records safe? Records such as insurance documents, birth certificates, social security cards, marriage or divorce license, passport, pet ID tags, immunization records, medication lists, lease or rental agreement or mortgage or real estate deeds of trusts should all be safely stored in a water or fireproof box.

If you have questions about your current insurance coverage and would like to talk to a professional insurance agent, call us! We are experts in the insurance industry and can do a comprehensive review of your current coverage.

Personal Insurance Options in California - Great Park Insurance

What is Umbrella Insurance?

Personal Insurance Options in California - Great Park Insurance

Imagine this. You are hosting a nice, large dinner for your housewarming party. Not only have you just purchased and furnished your new home, you have also gotten homeowner’s insurance for it with a personal liability limit of $250,000. The night is going really well until all of a sudden, you hear a thud and a scream. One of your guests has slipped on your porch and has an injury that racks up large medical bills. 

Unfortunately, your guest decides to sue you and the court rules that you owe her $500,000. As your liability limit on your home is only $250,000, you’ll have to pay the other half out of your own pocket. It being a large number, that could mean picking up a lot more shifts or taking out a lot of your savings. That’s where umbrella insurance would help greatly and we here at Great Park Insurance in Irvine, CA would be glad to explain how it does. 

Purpose of Umbrella Policies

Like we described in the scenario above, umbrella insurance is useful for personal liability that could be above the amount your homeowner’s insurance or auto insurance will cover. It is useful because with most reasons for insurance, we never know what can happen in our daily lives that will present us with a loss. 

Umbrella insurance is also helpful because it covers things that other policies may not. Some of these things include libel and slander, amongst other hazards that a person may sue you for. It also just does not cover the named insured but also their family members or people within the household. 

When Would I Need Umbrella Insurance?

Umbrella insurance may not be for everyone. It makes sense if the total amount of your assets is not entirely covered by the liability limits of your homeowners or auto policies. However, it helps to take into account whether it is likely that you will be sued for much greater amounts. You would have to consider whether you are at a bigger risk of having more personal liability or not. 

Not only does it concern your assets but your lifestyle or usage of your property as well. This could include things such as renting out your home, hosting many parties or adding a pool to your property. Overall, everyone can benefit from an umbrella policy as anyone can be sued. It is important to consider the likelihood if you are considering whether it is entirely necessary for you or not. 

Exceptions to Umbrella Insurance Coverages

Although umbrella insurance is useful for adding more coverage to things that are typically not included in other policies, that does not mean it does not come with its own exclusions. One exclusion is if you were to create damage to your own property as that has nothing to do with liability of damaging another’s property. Also, if damage was caused on purpose, that is also not included. If you were to want to acquire liability for your business, you would have to go with a business liability insurance policy. 

In general, an umbrella insurance policy can be useful for extra peace of mind. If you have other questions about whether you would benefit from one, please give us a call at 949-387-3242. Let’s get insured!