What is Equipment Breakdown Coverage?

Equipment Breakdown Coverage in a Dwelling Property insurance policy provides protection for sudden and accidental mechanical or electrical breakdown of household equipment and systems. This coverage typically extends beyond what may be covered by a standard homeo…

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What is the Market Value Adjustment for an Annuity

The Market Value Adjustment (MVA) is a feature associated with certain types of annuities, specifically those with a fixed interest rate. An MVA is a provision that allows the insurance company to adjust the surrender value of the annuity based on changes in inter…

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What Are Annuity Participation Rates and Cap Rates?

Annuity participation rates and cap rates are terms commonly used in the context of fixed index annuities (FIAs), which are insurance products that offer a combination of guaranteed income and potential market-linked returns.

1. Annuity Participation Rate: The an…

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Are Excess and Surplus Carriers Secure?

Excess and Surplus (E&S) insurance carriers can be secure, but it ultimately depends on the specific carrier you are considering and their financial stability, reputation, and regulatory compliance. Here are some factors to consider when evaluating the security of…

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Why should I consider buying insurance with an Excess and Surplus Carrier?

There are several reasons why you might consider buying insurance with an Excess and Surplus (E&S) carrier. Here are some key points to consider:

1. Specialized Coverage: E&S carriers often provide coverage for unique or hard-to-insure risks that standard insuran…

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How To File a Renters Insurance Claim

To file a renters insurance claim, follow these general steps:

1. **Review your policy**: Familiarize yourself with your renters insurance policy. Understand what is covered, what is excluded, and any specific requirements or limitations for filing a claim. 

2. …

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What is Difference in Conditions (DIC) coverage?

Difference in Conditions (DIC) coverage is an insurance policy that is designed to provide broader coverage for specific risks that may not be covered by a standard insurance policy. It is typically used to fill gaps in coverage or provide additional protection fo…

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What is the California Fair Plan?

The California FAIR Plan, or the Fair Access to Insurance Requirements Plan, is an insurance program established in California to provide essential property insurance coverage to homeowners who are unable to obtain insurance through the regular insurance market. T…

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Understanding the Distinction: Tax-Qualified Annuities vs. Non-Tax-Qualified Annuities

When exploring the realm of annuities, it's crucial to grasp the disparity between tax-qualified and non-tax-qualified annuities. These two categories diverge in terms of their tax treatment and eligibility criteria, making it essential for investors to comprehend…

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Homeowner's Policy vs. Dwelling Policy, What's The Difference?

Dwelling insurance and homeowner's insurance are both types of insurance policies that provide coverage for residential properties, but they differ in terms of the extent of coverage and the type of property they protect. Here's a breakdown of the differences:

1. D…

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Why Protect Your Family?

Protecting your family is a top priority for most people, and life insurance is an important tool in achieving that goal. Life insurance provides a financial safety net for your loved ones in the event of your unexpected passing. With a life insurance policy, your…

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What are the different ways that a lump sum fixed annuity might be paid out?

A fixed annuity is a type of annuity contract that provides a fixed rate of return on the invested principal over a specified period of time. A lump sum fixed annuity is an annuity that is purchased with a single premium payment and provides a guaranteed payout ov…

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How much Life Insurance should you buy?

The amount of life insurance you should buy depends on various factors such as your income, your debts, your dependents, your lifestyle, and your future financial goals.

A common rule of thumb is to buy life insurance coverage that is equal to 5-10 times your ann…

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The one blog you didn’t know you needed… and here’s why you actually do!

Posted on April 09, 2022

Hello, there!

And thank you for visiting my new blog!

Here at Pacific Valley Insurance Services, I believe in providing my customers with only the best Insurance Protection services. In order to help even more people, I thought I’d share…

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Five Best Reasons to Hire an Insurance Consultant

Posted on April 09, 2022

  1. You are not sure you have the right insurance coverage. As insurance specialists, an insurance consultant knows the right policy terms and conditions.
  2. Your business is expanding. Will your insurance meet your needs? Without the pull of com…
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