July 18, 2023 Despite the growing list of issues that seem to separate California and Florida these days, there is one area that they have very much in common… severe and widespread natural disasters, and especially the adverse financial impact that these events are having on the availability of homeowners insurance. From extreme wildfires in … Continued
July 29, 2021 The devastating wildfires in California that did so much damage in the past few years are now impacting pricing and availability of homeowners insurance coverage in the state, affecting everything from primary residences in many suburban locations to popular vacation home spots like Napa Valley, Sonoma, Lake Tahoe and elsewhere. This comes … Continued
May 24, 2021 Sand Hill’s Senior Wealth Manager Steve Peterson and Senior Managing Director at the specialty brokerage firm Risk Strategies, John O’Neill, discuss the the changing landscape of homeowner’s insurance in California due to fire risk. The devastating wildfires that have hit California in recent years have had a direct impact on both the … Continued
Gorgeous weather, fantastic food and easy access to both the mountains and beaches make Northern California an extremely attractive place to live and one of the most popular vacation destinations in the world. For homeowners who like to travel and are looking to trim their vacation budget, or simply want a unique travel experience, the … Continued
It used to be that earthquake insurance in California had to be offered by the same company that underwrote one’s regular homeowners policy. Then in 1994, the devastating Northridge earthquake literally shook up the entire industry, and subsequently many insurance companies simply refused to write either type of policy. Out of necessity, a new entity … Continued
Are you adequately insured on your Homeowners insurance coverage? It was not that long ago that many homeowners in California could purchase “guaranteed replacement cost coverage” for their dwelling, and thus not really worry too much about the potential cost of rebuilding if they suffered great damage or even total destruction. This type of insurance … Continued
Trusts are commonly-employed structures for wealthy families. To manage estate taxes as part of an overall estate planning strategy, it is common to transfer ownership of a home from an individual to a trust. However, this well-intended strategy can have potentially disastrous outcomes by creating exposure to potential uninsured claims. In the event of a … Continued