Is this Damage Covered by my Home Insurance?

When something bad happens, most people’s first thought is whether insurance will cover and pay for it. Their next step is to pick up the phone, call and ask us. While we wish we could simply tell everyone that “it’s covered,” it is more complicated than that and we’d like to explain why. In any … Read more

What is the California FAIR Plan?

History First, let’s dispel the common belief that the California FAIR Plan (CFP) is a government agency – it isn’t. There are no taxpayer dollars involved and the individuals in charge are not government officials. The FAIR Plan is financed collectively by each admitted insurance company that writes insurance in California. The California FAIR (Fair … Read more

CSE Insurance – New Landlord Insurance Program Released

CSE Insurance recently rolled out a great, new Landlord Insurance product. We’ve been fortunate to partner with them since the founding of Old Harbor, and expect that this new offering will further our mutual successes. This new Landlord Insurance program offers overages that have previously been difficult, or impossible, to find for landlords. Coverage for … Read more

Residential Builders Risk

The process of building or renovating a home can be tiresome and filled with many challenges. One surprise that owners must be certain to avoid is a gap in their insurance. Whether you are building a custom home, developing a residential tract, or renovating or rebuilding an existing structure, Old Harbor has you covered. One of … Read more

Vacation Rental Insurance

Other Structures Coverage

Many homeowners turned to renting their homes or rooms as a means to help makes ends meet during the Great Recession, and the last decade has seen enormous growth in the short-term home rental market. One of the leading vacation rental companies, AirBNB, was born from financial strain that the founders encountered while trying to … Read more

Adding Your Property Manager as Additional Insured

The relationship between a property owner and property manager can be complex, and clearly identifying each party’s responsibilities is fundamental to achieving success. Insurance is a topic that should be discussed and outlined prior to entering into any agreements. We’ve previously covered the insurance the renters should carry and outlined key coverages to purchase to protect you as the … Read more

Residential Landlord Insurance 101

Protecting your property is of chief importance in the Real Estate sector. As we previously covered, requiring renter’s insurance from your tenants is an essential first step to take as a landlord. If you are utilizing a property management firm, you want to require proof that they carry both General Liability (GL) and Errors & Omissions (E&O) … Read more

What is Demand Surge?

The fall of 2003 brought with it a plague of wildfires that decimated San Diego County. In the aftermath, homeowners worked with their respective insurers to rebuild their homes. The claims process was relatively quick for some. For others, repairs dragged on and temporary housing was scarce. But what was the cause for the sudden … Read more

Why Landlords Should Require Renter’s Insurance

Item 28 of the California Bureau of Real Estate’s standard lease agreement reads, “Tenant’s or guest’s personal property and vehicles are not insured by Landlord or, if applicable, HOA, against loss or damage due to fire, theft, vandalism, rain, water, criminal or negligent acts of others, or any other cause. Tenant is to carry Tenant’s … Read more