Old Town Insurance Agency

https://www.yourcentralvalley.com/news/local-news/clovis-is-one-of-the-best-places-to-live-in-the-west-report-says/

Clovis is one of the best places to live in the West, report says CLOVIS, Calif. (KSEE/KGPE) – Clovis is one of the best places to live in the West, according to a list done by Livability.com. Livability is a website that develops content marketing programs…

Yep, we insure that! Covering your RV for the road and camping adventures can be a little tricky. Call us today and let us get you covered for damages, theft, roadside assistance, trip coverage and more!

It's Boating Season! Yep, we insure that! Call us at 559-322-2525 or message us today for a quick quote.

We insure that! Don't go uninsured or with liability only on your classic ride! The last classic auto policy we wrote was only $321 per year with zero deductibles and roadside assistance! Call us today to go over all the options.

Photos from the Old Town Clovis Motorama.

The Old Town Clovis Motorama was definitely a blast...from the past!

https://www.dailymail.co.uk/yourmoney/consumer/article-13395977/california-home-insurance-premiums-coverage-policy-risk.html

Home insurer is raising premiums by over 15% in one at-risk state Some 320,000 Americans who have taken out a particular policy will be affected by the change from June 24.

https://www.newsweek.com/american-national-group-stops-covering-home-insurance-california-1875220

Thousands of California homeowners to lose their insurance American National Group is yet another insurance agency to leave the state as home repair prices surge amid wildfires and heightened HOA costs.

https://www.sfchronicle.com/climate/article/allstate-car-insurance-18665199.php

One of California’s largest auto insurers hikes prices 30% Allstate ended its pause on direct sales of auto insurance policies in California, but new and existing policyholders will see significant price increases.

https://www.caranddriver.com/news/a46627510/car-insurance-costs-rising/

Car Insurance Costs Are Rising Faster Than Any Other Service We Buy If hiked car insurance premiums have you wondering, gee, is it just me? Nope, it's on everyone, as the latest federal government data shows.

The media should have been reporting about this for the last year so everyone wouldn't have been as blindsided.

Consumers faced with car insurance rate increases in California One woman's car insurance monthly payment more than doubled.

https://kmph.com/amp/news/local/Californians%20brace%20for%20potential%2035%%20car%20insurance%20hike%20as%20companies%20leave%20the%20state

kmph.com

https://sfstandard.com/2024/01/23/the-hartford-insurance-crisis-california-homeowners-policies/

Major Insurer for Seniors Stops Writing New CA Home Policies The pause in new business by the major insurer will begin on Feb. 1.

I've used this for the last 5 tanks of gas and I have $18.29 in cash back. Not too bad. Download the app using our referral link below and let us know how it goes!

Save money on gas and food Earn up to 25¢/gal cash back on gas at stations across the United States – including all the big brands -- PLUS up to 15% on groceries and up to 35% at restaurants.

Many areas now being designated as "brush" or "high-fire" areas and several policies are being non-renewed by the insurance companies. Call us today for a homeowner's quote.

I copied this from another person page but I felt it was a good explanation of what’s going on in the insurance industry.

PSA: I don't always post insurance stuff on my personal page, but I definitely do when I feel it’s relevant for the masses. Right now, it’s that time. I hope that you find the below information useful, and I hope that it helps explain what is happening in the insurance world today. It won’t matter what carrier you are with, this is an industry issue.

The insurance marketplace is tightening up and it's happening fast. It’s happening especially fast for home and auto insurance companies. This is regardless of what state you are in, however California, Florida, Louisiana and Texas are being hit especially hard. Carriers are pulling a full hard stop on issuing any new policies across the country, and carriers that have NOT put a moratorium on binding new coverage, are actually just leaving the market or they are selling to other carriers/merging. They simply can't operate profitably in this inflationary market. *EVERY DAY* we are hearing about a pause on new business, or a carrier putting a full stop on writing new policies. Some carriers are requiring *full premium payment* up front for new business or requiring a 20 to 30 day hold on new applications. Carriers may shift underwriting guidelines, so they *only* want preferred business… no claims within 5 years (not 3 anymore), home and auto bundles, etc. Some carriers will NOT reinstate coverage if it lapses, no matter the reason.
The market is disrupted and it WILL affect you. If it hasn’t yet, it will. I have personally seen premiums double and triple what they were the year before.

The cost of claims has risen exponentially in the past 2 years, thus resulting in the carriers having to raise premiums or pull out of some markets. In some states, carriers have applied for rate increases, but have not been able to get them approved, so they simply shut down for new business.

If you have an auto or home insurance policy, your rates have gone up, and if they haven’t, they will. This isn't personal, it’s not based on a claim you may or may have not had, it’s simply the cost of doing business. If you have *not* gotten a rate increase, be prepared for one at your next renewal, if you get renewal terms at all.

➡️The cost to rebuild your home is up dramatically due to the rising cost of materials and labor. Supply chain for materials continues to be an issue. We can all agree that everything has gone up in price. Carriers simply can’t survive paying these higher prices without charging more themselves.

➡️The cost to repair your car is up dramatically due to the rising cost of auto parts and labor to fix your car. In addition, parts in vehicles now include some technology features. Replacing a side mirror or windshield used to be $500 - now it’s more than triple that.

➡️The cost of medical care continues to skyrocket. Bodily injury on auto accidents is off the charts.

➡️Litigation is expensive and settlements are rising at an unprecedented rate.

➡️Both the frequency and severity of auto accidents are WAY up post COVID along with the rising frequency of auto fatalities.

➡️ReInsurance (the insurance your insurance carrier buys to help cushion catastrophic loss) is at or approaching capacity in many markets, and rising rates are unsustainable.

This is a significant issue affecting the property & casualty industry, and pricing correction is anticipated at least through 2024. It won’t be for forever, but it is here now.

There are some things you can do to help get through this current insurance market:

✅ Consider Higher Deductibles. This will help save some money on your policy.
✅ Safe Driving Telematic Programs. Telematics can reward you by giving you a discount for good driving.
✅ Discount Reviews - make sure you're getting everything you're entitled to. Every carrier has different discount opportunities. Make sure you go over those with your agent.
✅ DO NOT let your policy cancel or lapse *for any reason*. Carriers are not reinstating coverage as easily as they once did. If it does cancel, they may require premium in full before reinstating. This is across the board for every line of coverage.
✅ Bundle your Auto and Home for more discounts and more stable pricing. Bundled/Packaged policies most always include better coverage and benefits and the cost savings is usually 10-15% (or more) on each policy. Many business risks can also bundle options.
✅ Consider tenure - jumping companies too often will hurt you in the long run. In addition, some carriers won’t take you as a new client if you have less than two years with a carrier. And more importantly, carriers are getting off of some risks if a claim happens in the new business term or for the number of claims in a 3-5 year window. Tenure matters with a carrier.
✅ Follow the laws so you don’t get any tickets. Those tickets really add rate to your policy and stay on your record 3-5 years, depending on the carrier.
✅ Absorb small claims when you're able, and save coverage for catastrophic losses. Talk with your agent and let them claims counsel you should a loss happen. Stop using your towing or roadside assistance as a maintenance policy. Frequency of claims REALLY matters. A lot.
Lastly, please remember that we are agents for the carriers. We don’t make the rules, we don’t have control over the rates and we don’t make the decision if your policy is cancelled by the carriers. We are here to help educate, make sure you have the best insurance for your situation, manage your account with the carrier, and claims counsel when needed. We are doing our best to manage carrier changes with client needs.

I hope this message explains a little bit of what is going on in the insurance marketplace. Please be nice to your insurance agent - they are also taking the same increases, navigating carrier changes and doing their best to help you through this.

*Thank you to some really smart agents that helped put this together and is being shared widely.

https://abc7.com/ca-homeowners-insurance-homeowner-cancellation-policy-nonrenewal-not-renewed/13623480/

California couple loses homeowners' insurance after draining their swimming pool to save water "It's just very easy now for them to put a customer in the discard pile based on this tech information that they're using and buying. So far it's not really helping the consumer," said one consumer advocate.

Today's Insurance News:

Slowing down in California

Farmers is limiting homeowners coverage in California. The company said its decision in California was driven by “record-breaking” inflation, higher reconstruction costs and the impact of severe weather, according to AM Best.

Farmers is the second largest home insurer in California. The state’s largest home insurer, State Farm, announced last month that it was no longer “accepting new applications including all business and personal lines property and casualty insurance,” according to a release from the company.

Allstate also made a similar pause in California.

https://www.cbsnews.com/losangeles/news/auto-insurance-companies-pull-out-of-california/
Here is an article regarding the California Insurance Crisis.

Major car insurance companies getting out of California Major auto insurers are pulling back in the California marketplace because they say drivers in the state are just too expensive to insure.

It's time for spring recreation. Check out these RV tips for new RVers!

Ten Things Every Novice RV Traveler Should Know 61% of Americans report they are planning a road trip or vacation in an RV in 2023. Here are some handy hints for new drivers.

Due to the predicted inclement weather and the potential of heavy Saturday evening rains, the City of Clovis, California - Government – in close coordination with the Kiwanis Club of Old Town Clovis – has determined that canceling this year’s event is the best option. The OTC Kiwanis Club would like to thank everyone for their support and wish everyone a merry holiday season.

Double rainbow time.

Walking back from the tire shop and a mocha was calling to me as I walked by Two Cities Roasters! 😄 One of my favorite Old Town coffee spots....check them out!

Have wax, contaminemts or oxidization on your car trim? Try an eraser! I will be cleaning it with Chemical Guys Wax Remover then putting a ceramic coating on top.

What is uninsured/underinsured motorist and why do you need it? Here is a good article that answers those questions.

Uninsured & underinsured motorist coverage | Dairyland Auto® Find out how uninsured and underinsured motorist coverage helps protect you from drivers who don't have any or enough insurance.

Worth it just for the licorice dispenser! 😂

Party on! Wayne’s World Mirthmobile is bound for Arizona Auction Week The pint-sized two-door Mirthmobile is probably the most film-famous AMC—with the exception, perhaps, of 007’s acrobatic Hornet.

https://www.propertycasualty360.com/2021/12/14/10-toys-for-insureds-to-avoid-while-shopping-for-2021-holiday-gifts/?kw=10%20toys%20for%20insureds%20to%20avoid%20while%20shopping%20for%202021%20holiday%20gifts&utm_source=email&utm_medium=enl&utm_campaign=weekender&utm_content=20211218&utm_term=pc360

10 toys for insureds to avoid while shopping for 2021 holiday gifts | PropertyCasualty360 Few things can douse the holiday spirit faster than a child being injured by a hazardous toy.

10 popular cars that are the most to insure.

https://www.propertycasualty360.com/2021/12/16/the-10-costliest-bestselling-vehicles-to-insure/?kw=Bestselling%20vehicles%20that%20are%20the%20most%20expensive%20to%20insure&utm_source=email&utm_medium=enl&utm_campaign=newsroomupdate&utm_content=20211216&utm_term=pc360

6Ways to Get Your Home Ready for Winter.

6 ways to get your home ready for winter | PropertyCasualty360 These tips from Travelers Insurance will help you prepare your home for the chilliest time of the year.