Essential Guide for Property Owners: Navigating New Insurance Requirements and Upgrading Aging Electrical Panels with Financing Options

California's insurance market is fraught with outdated regulations, such as lengthy rate approvals and restrictions on pricing in line with risk. This has presented challenges for insurance carriers. In addition, recent wildfires have burned millions of acres of forests and destroyed tens of thousands of properties in California. As a result, many traditional carriers have decided they will no longer insure homes in certain parts of the state or anywhere in California altogether.

Insurers like State Farm have announced it would stop accepting applications for all California business and personal lines of property and casualty insurance, citing inflation, a challenging reinsurance market and “rapidly growing catastrophe exposure.” As a result, many California residents are left with little to no options for homeowners insurance — particularly those with homes in areas most at risk of wildfire damage.

During this webinar, we are covering three topics that will help to get you through today’s California Insurance Crisis: We will provide you with the status of the current insurance market, cost effective solutions to solve your electrical panel issue that is keeping you from obtaining affordable insurance options, and also, available financing to complete your expensive electrical upgrades and other improvements that may be demanded by your carrier. We will cover:

• Part I: Understanding Insurance Non-Renewals and Cancellations. Insights into the insurer’s decision process, reasons for policy terminations, and how to determine if your property is at risk.
• Part II: Main Electrical Panel Upgrade Essentials. A breakdown of what’s involved, key factors affecting costs, and how to get a head start on your upgrade with the experts at Green Zuru.
• Part III: Getting C-PACE Financing for Main Panel Upgrades. C-PACE funding offers qualified property owners affordable, long-term financing for energy-efficient electrical upgrades, repaid through a property tax assessment. See how Green Zuru’s all-in-one service simplifies the upgrade and financing process for you.

WARNING:  THE INFORMATION PROVIDED DURING THIS WEBINAR IS FOR GENERAL INFORMATION PURPOSES ONLY. ABSOLUTELY NO LEGAL OR TAX ADVICE IS BEING GIVEN DURING THIS WEBINAR.  BEAR IN MIND THAT EVERY SITUATION IS UNIQUE, AND THE LAWS, RULES AND REGULATIONS ARE SUBJECT TO CHANGE AT ANY TIME.  SO, BEFORE ACTING, BE SURE TO OBTAIN TAX AND/OR LEGAL ADVICE FROM A LICENSED PROFESSIONAL.

Panelist(s):

Michael Juker, Partnerships Manager, Green Zuru

Michael Juker is a Partnerships Manager at Green Zuru. He has a passion for helping consumers find reliable, transparent electrical solutions. Committed to fostering meaningful relationships, Michael strives to connect customers with a trusted, high-quality service that meets their needs with integrity and excellence. For more information: .

Sammi Liu, Electrical Lead, Green Zuru

Sam Liu is a seasoned electrical lead with extensive experience in residential and commercial projects, overseeing field teams across Los Angeles and Orange County. She specializes in managing commercial main panel installations, upgrades, and retail build-outs. For more information: .

Matt Fuller, President, Fuller Insurance Agency

Working in his family’s accounting business, Matt Fuller found that Income Property Owners with older properties located in Los Angeles could not get proper coverage and were paying high premiums for their building insurance. Seeing a need for change in this unique market, in 1982, he designed the Comprehensive Apartment Program (CAP), which was underwritten by a primary New York-based Insurance Carrier and marketed to members of one of the largest apartment associations in Los Angeles. Matt Fuller has also partnered with others in the Insurance Industry, to form a separate company, CDF Insurance Services, Inc. to offer non-standard auto products and other unique, niche products to our clientele and others in California. For more information, call Fuller Insurance Agency at (800) 640-4238 or via email at .

Moderator: 

Daniel Yukelson, AAGLA Executive Director

Daniel Yukelson is currently the Executive Director of The Apartment Association of Greater Los Angeles (AAGLA).  As Certified Public Accountant, Yukelson began his career at Ernst & Young, the global accounting firm, and since then had served in senior financial roles principally as Chief Financial Officer for various public, private and start-up companies.  Prior to joining AAGLA, Yukelson served for 12 years as Chief Financial Officer for Premiere Radio Networks, now a subsidiary of I-Heart Media, and then 3 years as Chief Financial Officer for Oasis West Realty, the owner of the Beverly Hilton and Waldorf Astoria Beverly Hills where he was involved with the development and construction of the Waldorf.  Yukelson also served for 6 years as a Planning Commissioner and for 3 years as a Public Works Commissioner for the City of Beverly Hills.

A Featured Presentation By:

Green Zuru

Approximately 70% of buildings in America will need to be electrically retrofitted in the next five to ten years. When you upgrade your electrical panel, you are future-proofing your home, ensuring that it can meet your present and future electrical needs. The team at Green Zuru offers a wide range of electrical services to meet your electric retrofitting and upgrade needs. Many of today’s, older electrical panels cannot meet the electrical demands of modern homes. If you want to charge an electric vehicle at home, are thinking about installing new electrical appliances, like an electric range, heat pump, or air conditioning, or perhaps you want the option to install solar panels and/or batter backups, Green Zuru can get it done for you. Green Zuru partners closely with select electrical contractors to offer charger installations, panel upgrades, and other electrical services. For more information or to set up an appointment for a free estimate, call Green Zuru at (310) 957-5498, or email them at .

Co-Sponsor:

Fuller Insurance Agency

Fuller Insurance Agency was established in 1982 to provide insurance solutions to owners of income properties. At Fuller Insurance Agency, their number one specialty is apartment buildings and rental dwellings. Working closely with some of the largest apartment associations, major lending institutions, and property management companies, and providing necessary insurance solutions and services to members and clients, Fuller Insurance Agency has grown to become one of the foremost income property insurance specialists in the Western United States. Over the years, Fuller Insurance Agency has expanded coverage offerings to meet the growing needs of its clients. Their offerings of regional and national insurance carriers gives their clients choices when it comes to coverage, pricing and insurance solutions designed to meet specific client needs. For more information, call Fuller Insurance Agency at (800) 640-4238 or via email at .

Title Sponsor:

SoCalRen

SoCalREN is an energy efficiency incentive program for the multifamily sector. The program is currently offering the best deal of the year. They can cover close to 80% of your central gas water heater upgrade! The program, which has been around for 11 years, runs on a calendar year cycle and, therefore, if you’re interested in getting rebate dollars plus the available bonus funds this year, your upgrades must be installed by December 31, 2024. So be sure to act now! Get your higher efficiency gas water heaters before you can't. You still have time, but you should act now. https://socalren.org/

Presenting Sponsor:

Title Sponsor:

Panelist(s):

Moderator: