By Marti GaciochFarmers Insurance protects far more than its clients’ homes and autos; it protects all their assets. “We do this by including liability coverage and umbrella coverage,” said La Jolla Farmers Insurance agent Nigel Mallett. “If we have a liability coverage of $500,000 on a car, we add an umbrella coverage of $1 million to $5 million or more, depending on the client’s net worth.”
In addition to autos and homes, Farmers also insures businesses, including workmen’s compensation insurance, and specialty insurance for boats, motorcycles, recreational vehicles and all-terrain vehicles.
“We differ from other insurance companies because we’re more personal with our customers and really service their accounts by making sure they have the right coverage for a reasonable premium,” Mallett said. “We’re not necessarily going to be the cheapest price out there, but we give great coverage that protects clients’ assets.”
John C. Tyler and Thomas E. Leavey founded Farmers Insurance in 1928 to insure the automobiles of farmers in Los Angeles. Farmers Insurance now has 14,000 agents in 41 states across the country with the majority of agents in California (3,000 in San Diego) and Texas.
Farmer’s La Jolla office has been on Ivanhoe Avenue for 37 years, where Mallett has been an agent for 12. He also handles mutual funds and annuities. Mallett’s wife, Vicky, sells life insurance, and the couple also has three licensed property and casualty agents on staff.
Insurance changes are underway in California that will affect parts of La Jolla, including all the canyons and brush of Mt. Soledad, Rancho Santa Fe and Encinitas, Mallett said. The insurance commissioner of California recently said that many homeowners may face higher fire insurance premiums if there is a high-density brush area within 200 feet of their homes — or if their property includes a 60-degree slope where a fire can race up faster than on a flat lot.
“This will create a much higher fire line, so a lot of La Jolla homes may not be able to be insured,” Mallett explained. “We have many cases where the premiums have gone up 50 to 60 percent, and homeowners are getting a big shock; all California insurance companies are doing the same thing.”
Nigel Mallettwelcomes inquiries at
7946 Ivanhoe Ave., Suite 222, La Jollaor
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