Old Harbor is pleased to announce a new carrier partnership with American Strategic Insurance (ASI). ASI’s current CEO and President, John Auer, founded ASI in 1997. Mr. Auer saw a glaring need in the southeastern United States for a well run, stable home insurance carrier. That region was one that had been nearly impossible for … Read more
An escrow account, sometimes referred to as an “impound account,” is a special account that the mortgage company maintains for the borrower’s home insurance and taxes. The escrow account is funded monthly with a portion of each mortgage payment that is made. The funds are then used by the lender to pay tax and insurance … Read more
On August 26, 2016, California’s Governor Brown signed Assembly Bill 2883 into law. The new law alters current Labor Code sections 3351 and 3352 by changing both the definition of an ’employee’ and the eligibility criteria allowing the exclusion of workers’ comp coverage. As of January 1, many companies that were previously able to exclude certain officers, directors, and … Read more
CSE Insurance recently rolled out a great, new Landlord Insurance product. We’ve been fortunate to partner with them since the founding of Old Harbor, and expect that this new offering will further our mutual successes. This new Landlord Insurance program offers overages that have previously been difficult, or impossible, to find for landlords. Coverage for … Read more
The process of building or renovating a home can be tiresome and filled with many challenges. One surprise that owners must be certain to avoid is a gap in their insurance. Whether you are building a custom home, developing a residential tract, or renovating or rebuilding an existing structure, Old Harbor has you covered. One of … Read more
We really love classic car insurance. There’s usually a great story behind each of them, and we enjoy hearing what the owners have to share with us. We’re proud to partner with industry leading carriers such as Hagerty, Grundy, and American Modern to insure collections in California and neighboring states. We recently had the privilege of insuring a beautiful collection of classic cars, … Read more
Today is the first day of summer and we’re excited. In Southern California, summer goes hand in hand with beach. And we love the beach. So, we’ve decided to feature a client’s beautiful, custom beach home located in Carlsbad, California. We placed a comprehensive Builder’s Risk policy for the construction, and now that it is occupied, partner with Nationwide Insurance in providing the … Read more
Many homeowners turned to renting their homes or rooms as a means to help makes ends meet during the Great Recession, and the last decade has seen enormous growth in the short-term home rental market. One of the leading vacation rental companies, AirBNB, was born from financial strain that the founders encountered while trying to … Read more
The relationship between a property owner and property manager can be complex, and clearly identifying each party’s responsibilities is fundamental to achieving success. Insurance is a topic that should be discussed and outlined prior to entering into any agreements. We’ve previously covered the insurance the renters should carry and outlined key coverages to purchase to protect you as the … Read more
Protecting your property is of chief importance in the Real Estate sector. As we previously covered, requiring renter’s insurance from your tenants is an essential first step to take as a landlord. If you are utilizing a property management firm, you want to require proof that they carry both General Liability (GL) and Errors & Omissions (E&O) … Read more
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