Malibu Homeowners Insurance

Bromberg Insurance Services has been offering Malibu Homeowners Insurance for 47 years. We have committed ourselves to offering Malibu residents with quality protection underwritten by top-rated insurance organizations like Allstate, Fireman’s Fund and Chubb, just to name a few. As home and small business owners ourselves, we understand the one of a kind need of homeowners in Southern California and strive to understand the individual desires of each and every of our customers.

Malibu Homeowners Insurance Quotes That Fit the Situation

We supply several ways for you to receive a quote on homeowners insurance. The easiest way is to call and speak with a licensed agent, or for a much more extensive quote please complete the quote form and an agent will prepare a detailed analysis of your present policy and can make recommendations which will increase your coverage and very possibly save you some money.

Being Aware: Malibu Homeowners Insurance at a Glance

You’ll find two primary issues when purchasing homeowners insurance in Malibu. The initial concern is the actual value of your property and its contents. The second concern lies with where your property is situated. Bromberg Insurance Services realizes that the single largest asset of most people is their house, and protecting that asset is a real priority.

Nonetheless, it is important to understand the various options available in an effort to offer adequate coverage for your home in the event of a catastrophic loss. There are four significant insurance categories that should be addressed as a way to safeguard your property and these incorporate:

1) Property and Possessions Coverage which provides coverage for the dwelling and any personal property/contents that you want covered. The value of the property is determined by market value, while coverage is based on the actual cost to replace the structure. Because of fluctuating home values and variable construction costs, it is important to have an agent, like the Bromberg Agency, review your Beverly Hills homeowner’s insurance policy on an annual basis.

Personal property can be covered based on estimates of its current value and your policy should provide for replacement value of your possessions and not just actual cash value. While replacement value coverage is slightly more expensive, it gives you the ability to replace possessions instead of discounting their value, and leaving you with a rebuilt home and no furnishings.

High-value items such as jewelry, furs, fine art, collectibles, and antiques should be covered under separate riders to protect your investment. All homeowners should take the time to document their high-value items and maintain up-to-date appraisals on these items. Photographs and video tapes provide an excellent way to document the items in your home.

Important tip: Bromberg Insurance Services Inc. strongly suggests that any appraisals, photographs, videotapes, and copies of your insurance policies be maintained in a secure place away from your personal residence in case of disaster. A safe deposit box, fireproof safe/vault or in the safekeeping of an attorney are excellent options for protecting these items.

2) Liability Coverage provides homeowners with peace of mind from possible financial losses that may occur if someone is injured on your property. Most policies include a minimum of $100,000 of liability protection, which in many cases is inadequate.

Depending upon your financial net worth, it may be prudent to consider an umbrella liability policy, which can provide $1 million or more of protection for your home and automobile. This type of umbrella policy can cover additional forms of liability that are often excluded from traditional liability policies.

3) Theft of Property not on the premises often occurs when we are traveling and we carry valuable possessions with us. An off premises option in your homeowners insurance policy will protect items that may be lost, stolen or destroyed while traveling.

4) Additional Living Expenses are normally covered under your homeowner’s insurance policy in the event that your home is uninhabitable due to a covered event. However, it is important to make sure any additional living expenses provided under your policy allows you to maintain a suitable residence while your home is being repaired.

Malibu property owners insurance can develop into a complex situation due to particular dangers which are unique to this region. The Bromberg agency understands these risks and stands ready to advise you on the best way to deal with them while protecting your automobile insurance, motorcycle insurance, life insurance, health insurance, long-term care and commercial insurance requirements.

Call now to speak to a trusted Malibu homeowners insurance advisor from the Bromberg Insurance Agency or feel free to put your name and number in the “Instant Call-Back” box and a licensed professional advisor will get in touch with you as soon as possible.