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Video home insurance self inspections Update Feb 20 2025

 

Home Insuarance Inspections

 

Home owners in high fire risk areas probably already know they have a good chance of being routed to the California Fair Plan for the fire portion of their homeowners insurance. Having covered Cal Fair in many articles, I won’t go into the specifics of what those policies cover, but it’s safe to say the fire risk and a few related ones are what Cal Fair insures.

The liability part of the homeowners policy along with a few other different risks such as water damage, theft, and falling objects to name a few are addressed with a companion policy called a Difference in Conditions (DIC) policy, also nicknamed by some a “wrap” policy.

Interesting enough, the Cal Fair policies are easy to get and coverage is seldom refused. What is next to impossible to obtain is the DIC policies.

Since the DIC doesn’t cover fire, why would that policy be hard to get and why are the DIC companies pulling out of California en masse?

Without journeying into the weeds too far, just know that the DIC covers falling objects while the Cal Fair covers windblown objects. Since a tree, or even the fire itself, could be argued as to what caused what and what preceded what, therein may lie the problem. Additionally, when whole towns are obliterated by a wildfire, the lawsuits fly everywhere. The insurance companies that could write the DIC policies probably don’t want to be anywhere near the many lawsuits and claims that follow.

When you obtain a Cal Fair policy, you can expect an inspection of your property at some point. You may not even know when or if it occurred. On the DIC policy, if you are lucky enough to get one or keep the one you have, an inspection may also occur. Once again you may or may not be notified.

Recently, a few DIC companies are requesting video/photo inspections by the homeowners themselves. A fairly new method of obtaining the information they need to confirm a policy, the self-inspection video has requirements homeowners should be aware of in advance so one does not video tape him or herself out of coverage.

Once notified a self-inspection is required, you will receive detailed instructions by a web link `system` and questionnaire. Making sure your video will meet with approval, prepping and servicing the areas that will be filmed will not only give you a better chance at keeping your policy and/or keep premiums low, it will likely make your home just a little bit safer for both you and the insurer.

They will require all sides of the home be filmed or photographed, including the siding and the roof, your furnace and HVAC systems, fireplaces, visible plumbing in and around all applicable areas, the electrical panel with manufacturer label, the water heater, the kitchen, living room, and other rooms, the appliances, and any outbuildings, structures, pools or other systems or features they deem necessary. 

Obviously you want the video to show a well-kept home, free of debris, with well serviced appliances and good housekeeping. It is suggested you photograph/video graph in daylight and have good lighting indoors.

In conclusion, the self-inspection option and the guide they will provide you assists both you and the insurer. Doing what is required will also provide a video/photo record of many things in the home which will help with any claims you may have should an event such as a wild fire occur.

“Watching the markets so you don’t have to”    

(end)    

(As mentioned please use the below disclaimer exactly) THANKS   (Regulations)    

This article expresses the opinion of Marc Cuniberti and is not meant as investment advice, or a recommendation to buy or sell any securities, nor represents the opinion of any bank, investment firm or RIA, nor this media outlet, its staff, members or underwriters. Mr. Cuniberti holds a B.A. in Economics with honors, 1979, and California Insurance License #0L34249 His insurance agency is BAP INC. insurance services.  Email: news@moneymanagementradio.com

 

 

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Insurance can protect you and your family from undue hardship. Some life insurance policies also provide tax-advantaged savings that you can draw on to achieve goals like buying a house or retiring comfortably. I have access to a variety of insurance products that can help meet your security planning needs. No matter your personal situation—if you’re single or in a family; a professional or a seasonal employee; an executive or small business owner—we will work together to design a customized plan.

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A Word about Life insurance:

In the event of death, life insurance may offer surviving family members financial security. As a tax-free lump sum payment, it can pay for final expenses and debts, as well as provide income for the deceased’s dependents.

 

The advantages of life insurance include:

An instant estate for your loved ones at a time when funds are most needed

  • Death benefits that are almost always non-taxable for named beneficiaries
  • Avoid probate costs if you name a beneficiary other than your estate
  • Potentially offer your loved ones creditor protection through some life insurance plans
  • Build tax-advantaged capital for retirement purposes or provide liquid savings through some permanent life insurance plans

Long-term Care, Disability and Critical Illness insurance, Lifetime income strategies and Medicare:

Help protect one of your most valuable assets – your income – from unexpected events through long-term care, disability and critical illness insurance.

Income is important for both current financial obligations (e.g. grocery bills and mortgage payments) and for future financial security (e.g. planning for your children’s education or for retirement). Just think what might happen if you suddenly lost your income stream through a long-term illness or disability.

Long-term care and disability insurance products help protect your ability to earn an income, which can be affected if you are afflicted by a disability or other condition.

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I can also help you choose the long-term care and disability insurance products that provide advantages like:

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Critical illness insurance and Medicare Policies

Suffering a critical illness is distressing for both you and your family. Help ease the burden through insurance that will reduce financial stresses and can complement disability and life insurance protection needs. By helping pay for the additional expenses often associated with a critical illness or condition, insurance offers you, your family, and if applicable, your business, added financial security—so you can focus on recovery.

The advantages of critical illness insurance can include:

  • Coverage for up to 22 critical illnesses or conditions
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Contact me today to determine whether critical illness insurance fits into your financial security plan.

 

There are also new “hybrid” plans available that combine the benefits of life insurance or annuities with long term care coverage and at a cost that may be more affordable than you think. Contact me today so we can assess your needs and develop the best strategies for your specific situation to give you the peace of mind you require and protect your family and loved ones.

 

Mark (Marc) Cuniberti- California Department of Insurance License # OL34249

 

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