What are the advantages of having flood insurance in Aliso Viejo?

Those that live in the Aliso Viejo, CA area and want to buy a home need to make sure that they get the right insurance in place. An important form of coverage to get when you are here is flood insurance. Those that do get a flood insurance plan can benefit in several ways. 

Coverage Will Protect Against Risk of Significant Damage

When you live in an area that is prone to flood risk, there is a chance that your home could be impacted by rising waters. If this does occur, the impact on your home could be very significant. In some cases, you may need to spend months and a considerable amount of money fixing your home. In extreme situations, the entire property may need to be rebuilt. As standard home coverage plans only offer a limited amount of flood protection, a flood insurance plan should be considered a necessity as it will offer the protection and support you need. 

Coverage is Required by Lenders

Those that are in a designated flood zone and want to finance their purchase will find that their mortgage lenders require specific insurance. In most cases, you will need to have flood insurance in place before you close on the purchase and loan. The lender will then usually escrow payments each month. 

It is clear that there are plenty of situations when having flood insurance will be advantageous for Aliso Viejo, CA property owners. If you would like to get a flood insurance plan in this area, the team with BenefitSource Insurance Services Inc. should be contacted. When you call BenefitSource Insurance Services Inc. you will get more information about this form of insurance coverage and will be able to build a plan that is ideal for your situation. 

Common Myths About Condo Insurance

If you have recently become a lucky owner of a dream condo, it is time to start thinking of proper condo insurance. In order to have the right information about this type of insurance and get the perfect coverage to protect your assets, you should be aware of several misconceptions and myths surrounding condo insurance. Here is a list of a few of them prepared by BenefitSource Insurance Services Inc. that serves Aliso Viejo, CA and other surrounding towns:

Condo Insurance Protects Personal Belongings Only

Condo insurance is similar to homeowners and renters insurance, meaning that it protects much more than just personal belongings. It also covers additional living expenses (in case if your condo becomes uninhabitable and you have to live somewhere else for a while) and liability claims. It also covers the additional cost of renovations you have made to your unit. 

There Is No Need To Get Condo Insurance If a Condo Corporation Already Has One

Unfortunately, insurance carried by a condo corporation is not designed to protect you as an owner or any renovations that you have made to your condo or personal items. Condo corporation insurance protects the building itself and common areas, including gym, rooftop lounges, hallways, and others. In order to protect the stuff inside your unit, you need to get other policies. 

Condo Insurance Covers All Types of Water Damage

The truth is that usually coverage for sewer backup or overland water damage is not included in a standard condo insurance policy. However, there is a possibility to add it as an extra policy.

If you are a lucky owner of a condo, you probably understand that protection of it is important. The most efficient way to do it is to have condo insurance. If are a lucky owner of a condo in Aliso Viejo, CA or any other surrounding town, professional and experienced agents of BenefitSource Insurance Services Inc. are ready to assist you and help you find a policy you really need. 

What to Look For in Health Insurance

If you’re new to health insurance, you may need help purchasing a policy. At BenefitSource Insurance Services Inc., we can provide the help you need. Knowing what to look for in health insurance will enable you to make good insurance choices. Here are some factors to consider when researching your health insurance options in Aliso Viejo, CA.


Your premium is what you’ll pay for your coverage. Most people pay it in monthly installments. However, you can also pay it in full annually. Different plans have different coverage and premium costs. The more coverage you choose, the higher your premium. The cost of your premium will also be affected by your deductible (the amount you pay before your insurance comes into play). A high deductible can help reduce premium costs.

Health Care Provider

If you have a doctor or hospital you attend now, make sure the plan you choose includes these health care providers. Otherwise, you’ll need to switch doctors or hospitals to ones that are covered by your new health care policy.


Before shopping for health insurance, take time to evaluate your current medical needs. If you’re in poor health due to a pre-existing condition and require extensive medical care, choose a plan that offers extensive medical coverage to save on health care costs. Your plan should also cover any medications you’re currently on.

On the flip side, if you’re in good health and only need occasional medical attention, you can choose a plan with less coverage to save on premium costs. Matching your health insurance coverage to your medical needs ensures you get accurate protection at affordable costs.

To learn more about health insurance or to purchase a policy in Aliso Viejo, CA, contact the insurance specialists at BenefitSource Insurance Services Inc.

Will Flood Insurance Cover My Condo?

Condo insurance benefits businesses and homeowners, this includes condo owners. BenefitSource Insurance Services Inc. wants Aliso Viejo, CA condo owners to understand what they can expect from condo insurance as well as what is covered and what isn’t. 

Flood Insurance for Condo’s
Condo properties invest in flood insurance which means that individual unit owners pay part of the premium for flood insurance as part of their condo fees. Condo unit owners own the common areas of a condo building too. This is why HOA members pay part of the flood insurance premium. 

What Does Flood Insurance Cover for Condo Members?
Condo insurance covers each unit. Each unit has flood insurance coverage for the floor and floor coverings, and the walls and ceilings. Electrical fixtures, water heaters, appliances, water heaters and filters, and the countertops and cabinets. All of these parts of a condo unit are covered under the standard flood dwelling policy. Flood insurance coverage for condo unit owners applies to improving and restoring individual condo units first and then the common areas of a condo. Flood insurance will restore the floors, ceilings, and walls, as well as the appliances and other interior countertops and cabinets. 

Things You Should Also Know…
There are times when HOA flood insurance coverage may be inadequate for condo unit owners. This means that you may need to purchase additional insurance. Condos are single-family homes. This gives unit owners the ability to choose their own coverage. You may want to include possessions coverage to cover personal possessions inside your condo that may have been damaged from the flood. We know that flood insurance may be a little difficult to understand as a condo owner. However, we’re committed to helping you understand the benefits of this insurance as a condo owner. Give us a call. We’re here to help. 

5 Reasons Why Condo Insurance Is An Asset

BenefitSource Insurance Services Inc. assists the Aliso Viejo, CA community, as well as the surrounding areas by offering different types of insurance policies. We take the time to listen to our clients and help them find policies that closely align with their needs. We want to establish long term relationships with our clients.

Benefits Of Condo Insurance

Staying in a luxury condo in Aliso Viejo, CA is a significant investment. Condo insurance allows you to protect your asset. You will be covered if your personal belongings are stolen or damaged. You will also be protected if you invite friends over and throw a party at your condo and someone gets injured. Here is a closer look at some of the benefits of condo insurance.

Comprehensive Protection

All of your most valuable items, including your electronics, furniture, and appliances are covered in the event of an accidental fire or some other type of natural disaster. This should give you peace of mind knowing that your losses are protected.

Covers Pets

You can amend your liability coverage to cover your pets. If your pet bites someone at your home, you will be protected. The policy also covers you if your pet injures someone away from home.

Luxury Items Are Covered

If you have special items such as antique paintings or a fur rug at your condo, you will be protected if someone tries to break in and steal something. Consider having your luxury items appraised so that you can determine their true value.

Exterior Damage Is Covered

If the exterior of your condo is vandalized, you are covered.

Temporary Lodging Benefits

If your condo suffers serious damage and you need to stay somewhere else, the policy covers you. This should make the process of finding alternative lodging run a little more smoothly.

BenefitSource Insurance Services Inc. Will Help Simplify The Process

Visit our website today to learn more information about condo insurance.

Three reasons why you shouldn’t wait to purchase life insurance in California

If you haven’t yet purchased a life insurance policy to protect the financial future of your family, it’s important that you don’t wait any longer. We provide life insurance to consumers in Aliso Viejo, CA at BenefitSource Insurance Services Inc.

The following are three important reasons why you shouldn’t wait to purchase life insurance in California.

You never know what the future holds.

Unfortunately, unexpected accidents can happen. Regardless of how young or healthy you are, it’s always possible for an accident to occur. Purchasing a life insurance policy protects you and your family against the unexpected in life. 

Your family will lose your income if you pass away unexpectedly. 

If you are the primary breadwinner in your family, it’s important that you can understand the extent of the financial difficulties your family might be left in if you pass away.

Life insurance can replace your income for your family if you pass away. This way, your family will have the financial support they need to pay expenses and maintain their lifestyle even if you pass away. 

Life insurance gives you peace of mind.

One of the biggest benefits of having life insurance is simply the peace of mind that it offers. With life insurance, you know that your family’s finances are protected. 

It’s worrisome to think that your family could be left destitute if you were to experience an accident and untimely death. Avoid the stress and worry by purchasing an appropriate life insurance policy today. 

If you’d like to learn more about our life insurance offerings at BenefitSource Insurance Services Inc. contact us via our website. We can provide you with information on meeting your life insurance needs in Aliso Viejo, CA.

Things To Consider While California Business Owners Research Different Commercial Insurance Policies

BenefitSource Insurance Services Inc. assists the Aliso Viejo, CA community by offering residents multiple types of insurance policies. We strive to simplify the process of searching for insurance so that our clients can find the policies that directly suit their needs. As an independent agency, we have established successful partnerships with multiple carriers in order to ensure that we find custom policies for our clients.

Commercial Insurance

If you are a business owner in Aliso Viejo, CA, consider the benefits of commercial insurance. Commercial insurance allows business owners to protect their most valuable investment. The policy covers your business, equipment, and employees. You can enjoy peace of mind knowing that commercial insurance will help you navigate the risks associated with operating a business. Here are some things to consider while researching different policies.

Assess Your Property

While you are researching different policies, be sure to take inventory of your business equipment. This should help you figure out the overall value of your equipment. Commercial insurance covers your equipment in the event that it is vandalized or damaged by a natural disaster such as wind or hailstorm.

Liability Coverage

Liability coverage protects you in the event that someone is injured while visiting your business. Liability coverage is especially important if your business has a lot of patrons. The coverage also protects your business if some of your equipment causes damage to a person or another object. This type of coverage is an asset if you are involved in the wholesale or manufacturing industries.

Protecting Your Employees

Worker’s compensation allows you to cover your employees in the event that they are injured. Covering your employees is a good way to show that you value them and should also keep their morale high.

BenefitSource Insurance Services Inc. Will Advise You

For more information on why commercial insurance is an asset for your business, visit our website today!

When does someone need to get classic car insurance?

Anyone that is a car lover in the Aliso Viejo, CA has likely spent time thinking about buying a classic car. When you are in the market for a new classic car, you must get the right insurance for the vehicle. There are several situations when someone will need to get a classic car insurance policy for their car. 

When Looking to Get Maximum Coverage

One of the advantages of getting a classic car insurance policy is that you can get more insurance coverage for your vehicle. When you get a classic car policy, you will have the opportunity to negotiate the replacement value of the vehicle. This will allow you to get coverage for the vehicle that includes the collectible value of your asset.

When Driving on a Public Road

Most of the time, someone that owns a classic car will put a minimal amount of miles on the vehicle each year. However, whenever you do drive your classic vehicle, it is very important that you get the right liability insurance for it. You will need to have liability coverage to ensure you comply with state laws. However, with a classic car policy, the underwriting will factor in the minimal amount of miles that you will drive. 

When you are looking for a classic car insurance policy, getting the support that you need to pick a quality policy is very important. For those that are in the Aliso Viejo, CA area, contacting BenefitSource Insurance Services, Inc. for your classic car insurance needs is a great option. When you call BenefitSource Insurance Services, Inc., you are going to receive more information about how classic car insurance can protect you. This will help to ensure that your prized asset is appropriately covered by insurance. 

Can Anyone be a Beneficiary?

After purchasing a life insurance policy in Aliso Viejo, CA, your next step is choosing a beneficiary. Your beneficiary is the person(s) or organization who will receive benefits from your policy upon your demise. Although there are no strict rules for choosing a beneficiary, these tips from BenefitSource Insurance Services, Inc. can help make your decision.

One or More?

You can choose one or several beneficiaries to receive your life insurance benefits after you’re gone. If you choose more than one beneficiary, you can designate how you want the benefits to be divided between each. Your beneficiaries can be a relative, friend, spouse, children, or even a lover. If you choose minor children as beneficiaries, you’ll need to appoint a legal guardian to manage these funds or put the funds in a trust until your children are of legal age.

Person or Organization?

In addition to people, you can choose an organization in California to be your beneficiary, such as your favorite charity, a local children’s club or any other organization you support now and would like to continue supporting after you’re gone. Whether you choose an individual(s) or organization, be sure to let them know so they can file a claim upon your demise.

Update Your List of Beneficiaries

Be sure to update your choice of beneficiaries, if necessary, while you are around. You can change your beneficiary at any time while you are alive. If you named your spouse as a beneficiary and later got divorced and remarried, you may want to remove your former spouse from the list of beneficiaries and add your current one to ensure he or she is taken care of upon your demise.

For help in purchasing a life insurance policy or choosing a beneficiary, call or visit us at BenefitSource Insurance Services, Inc. in Aliso Viejo, CA.

Does Your Current Flood Policy Provide the Coverage You Need?

Flood insurance is vital to have, especially in our area of California. If you are in the greater Aliso Viejo, CA area, BenefitSource Insurance Services, Inc. is here to help you ensure that you have the protection you need. Whether it’s time to renew your policy, or you are just now moving into the area, we have the expertise and experience necessary to help you meet all of your insurance needs.

Important Features to Look for in Your Flood Insurance Policy

One of the key reasons that people are left with inadequate flood insurance is a lack of understanding of how these types of claims work. In most instances, flood insurance is tied to the cause of the water damage, not the damage itself. For instance, one policy may cover you for flood damage caused by storm waters but will be insufficient if the damage is related to other causes. That is why flood insurance is highly recommended, even if you don’t live in a flood plain. We can help you determine the coverage provided by your home insurance policy and also recommend a flood insurance policy that will fill any gaps in coverage. We find that having the right flood insurance policy can make many catastrophes a lot less stressful and challenging to deal with. Knowing that you have the coverage you need can decrease your stress level and allow you to enjoy California life!

You can rely on BenefitSource Insurance Services, Inc. for all of your flood insurance needs in the greater Aliso Viejo, CA area. We can help you gain a deeper understanding of the requirements and options available for flood insurance. We understand that this process can seem overwhelming, and that’s why we’re here to help! If you’re looking for insurance in Oregon, don’t be shy to call us.