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KC Wilson Insurance & Financial Services LLC

1654 The Alameda, Suite 210
San Jose, CA 95126

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How to Choose the Right Commercial Insurance

Commercial insurance is an essential part of business, with its benefits often seen when a crisis occurs. To ensure you get the benefits of your policy, choosing the right commercial insurance will be the first thing you will be required to take care of. Below, KC Wilson Insurance & Financial Services details things to keep in mind when getting a policy within San Jose, CA.

Understand Your Legal Obligations

Each state requires its business owners to carry specific policies for operation, with insufficient coverage attracting fees or leading to business closure. Research what your state’s legal business requirements are to help you limit any legal issues. Some examples of policies that often fall under legal requirements include worker’s compensation insurance and commercial auto insurance. The first option will help you cover your employee’s costs of injuries when they experience physical bodily harm, while the second pays for expenses related to auto accidents.

Consider Risks in Your Area of Operation

Every industry has risks, with common examples being property damage, employee harm and cyber attacks. Based on your risk factors, consider getting commercial insurance that targets your scope of operations. In addition to this, your business’s location will be another factor to consider. If you operate within areas that experience constant flooding, make it a point to get sufficient coverage for such a risk.

Consider Policy Exclusions

While various commercial policies protect businesses against numerous hazards, not all emergencies will be covered. Natural hazards such as earthquake damage will often be excluded from various policies, requiring you to get different coverage for such an occurrence. Personal vehicles will also be excluded from your coverage, with commercial policies protecting cars registered in your company’s name. Ensure that you research what your policies cover and the exclusions that come with each coverage.

If you need help assessing the types of commercial insurance that your business could benefit from, contact KC Wilson Insurance & Financial Services today. Our San Jose, CA agents will help you evaluate commercial policies suited to your area of operation.

Are Visitors Covered in Your Home Insurance?

Homeowners who have many guests may find that their insurance policy may not offer total protection. That’s why it is crucial to contact us at KC Wilson Insurance & Financial Services, serving San Jose, CA, to learn more. Our agents will give you a better understanding of your coverage options and ensure you are satisfied with your policy needs. Doing so will help to protect you from any potential issues that may otherwise develop.

Are Guests Covered in Your Home?

Your liability insurance will protect guests in a home if they get injured due to your negligence. This type of coverage helps to pay their medical bills in a lawsuit and avoids serious financial complications on your end. Other policy options may help with additional needs. 

For example, the “Other Insureds” category is a common add-on for many policies that you can set up to pay for your children living in the home, family members who live in the house, and other people who reside there permanently. However, you can extend your coverage to your guests as well. 

The level of protection and its impact on your overall deductible, principal, and premiums will all vary based on many factors. As a result, it is critical to make sure that you understand this factor and prepare for how it can impact your level of home protection.

Keep Your Guests Safe 

Do you have many guests who come to your home, and you want to ensure that they don’t experience any difficulties? Then, it might be time to contact us at KC Wilson Insurance & Financial Services to learn more about your options here. We serve the San Jose, CA area and can provide residents with a better understanding of their options in this unique situation. 

Life Insurance for Beginners

There are many benefits to life insurance and many things to consider. KC Wilson Insurance & Financial Services serving the city of San Jose, CA would like you to know the following:

Purchasing a life insurance policy is considered financial planning. When you purchase a life insurance policy, you are trying to assure the financial security of your dependents. To be neither under nor overinsured, you need to determine your standard of living and what it would cost to maintain that lifestyle after you pass away. At the same time, you need to calculate what you have available within your budget for life insurance.

There are two basic types of life insurance.

  • Term life insurance – this is a life insurance policy for a certain time frame. It expires after a specified number of years or at a particular age. It is only payable if you pass away during that term. They are renewable, but usually, the premiums get more expensive as you age. The premium cannot exceed the guaranteed maximum premium payable. This type of policy pays death benefits with no accumulation of savings. Death benefits are monies payable to a spouse and dependents after the death of the policyholder.
  • Cash value life insurance – this type of policy combines cash value accumulation with death benefits. With cash value life insurance, you pay more in the beginning, but you accumulate interest. This type of insurance is usually a life-long investment but does allow you to use the cash value as collateral for loans. There are several variations on this type of policy.

Don’t delay, contact KC Wilson Insurance & Financial Services serving the city of San Jose, CA today! Make plans for the long term to ensure the financial stability of your loved ones.

Who should carry comprehensive and collision insurance

Auto insurance is not just one type of coverage; it is several types of coverage. Some are required and others are a choice that you make according to your needs. Liability insurance is required and that coverage protects other drivers from you. When it is time to decide the type of coverage you want for your vehicle, having an independent insurance agent whom you trust to guide you is a big help. At KC Wilson Insurance & Financial Services in San Jose, CA, we were founded to help provide the assistance you need with insurance and financial products. 

When it comes to who should carry comprehensive and collision insurance, the state does not require that you carry it. They are both optional coverage unless you happen to have a loan or a lease in which case you will be required by the lender or lessor to protect your vehicle. What collision coverage does is pay for repairs or replacement of your vehicle in the event of an accident where you are responsible. Comprehensive coverage repairs or replaces your vehicle in the event it is stolen or damaged in n event beyond your control. 

Anyone who counts on their vehicle in order to drive to work, run errands or just live their regular life, can benefit from having comprehensive and collision coverage. Ask yourself this simple question "could I afford to repair or replace my vehicle out of my own pocket if I needed to?" If you had to think about the answer or hesitated, the answer probably is no you couldn’t. It may be tempting not to pay for this valuable coverage but if you ever need it, you will be very grateful that you did. 

Contact KC Wilson Insurance & Financial Services in San Jose, CA for all your auto insurance needs. 

Why businesses in San Jose need commercial insurance?

The San Jose, CA area has continued to have a strong economy and consistent population base. At the same time, this area gets plenty of business travelers and recreational visitors. This helps to make this part of California a great place to own a business. If you are a business owner in this part of the state, you need to ensure you carry the right insurance coverage. Businesses here need to have commercial insurance for a few reasons.

Insurance Protects Company

You will want to have commercial insurance for your business as it can protect your company. A commercial insurance plan offers many valuable forms of coverage including protection for your commercial assets and liability mitigation. This can help ensure that your company is protected if your valuable assets are damaged or stolen or your company is named in a liability claim. This could protect the solvency and future of your organization. 

Insurance is Required

You should also get a commercial insurance plan to stay in compliance with requirements. If you are going to own a business here, there could come a time in which you need to raise money from an investor, take out a loan from a bank, or lease a commercial space. In either situation, you are bound to sign an agreement that will require you to carry commercial insurance. Maintaining coverage will ensure you stay in compliance.

As you are looking to protect your San Jose, CA business with commercial insurance, calling KC Wilson Insurance & Financial Services will be a good idea. The team with KC Wilson Insurance & Financial Services understands the options you have when it comes to commercial coverage. The team will offer the support you need to build a plan that will ensure you are protected. 

What are the benefits of having life insurance in San Jose?

Anyone that is in the San Jose, CA area will have several insurance needs. One form of insurance that all people in this area should think about getting is life insurance. Different benefits come with life insurance protection, which makes it well worth investing in this area. 

Provides Insurance for Dependents

The key benefit that you receive when investing in life insurance is that you will receive insurance support for your dependents. If you have people in your life who rely on you as a source of income, protecting their financial future is necessary. If you invest in a life insurance plan, the coverage you provide can be curtailed to meet their needs. This can ensure that any future costs of living, education, and even retirement are covered.

Investment Alternative

An additional benefit that you can receive when investing in life insurance is that you can use some plans as an investment alternative. If you choose to invest in a whole life insurance plan, some of your payments will go into an account that collects interest each month. This will add up over time and can be converted to cash quite easily. This makes it a good addition to a well-rounded personal investment plan.

If you want to invest in a life insurance plan in the San Jose, CA area, it would be wise to call KC Wilson Insurance & Financial Services. There are many important choices to make when picking this insurance, and KC Wilson Insurance & Financial Services can make it easier for you. They can carefully assess your situation and provide the guidance you need to choose the right plan. 

 

Auto Coverages That Protect You & Your Passengers

When you want to buy auto coverage in San Jose, CA, you must look for a product that protects you and your passengers. According to KC Wilson Insurance & Financial Services, some insurance products do not cover everything, which means that it is always necessary to be cautious when purchasing auto insurance. However, there are some coverages that one can consider to be on the safe side. 

Liability Insurance Coverage

Liability coverage is the basic minimum for any car that is driving in the United States. It is illegal to drive without this insurance coverage because it offers the necessary protection to the driver, the passengers, and anyone likely to be involved in the accident. One of the most sensitive benefits of having liability coverage is that it helps handle property damages that a car is likely to cause during an accident.

Underinsured and Uninsured Coverage

It is important to highlight that not all motorists on the road have the necessary insurance policies. Some are driving illegally, and it is important to keep in mind that such drivers can cause an accident, and they don’t have anything to offer as liability for such accidents. However, with underinsured or uninsured coverage, you will be able to cover the medical bills that you will incur and those of your passengers. The only problem is that this insurance coverage is optional in some states, explaining why some people leave it altogether.  

Comprehensive Insurance Coverage

Comprehensive insurance covers everything non-accident-related, including theft, fire, and other damages. It will also help in covering the medical expenses or any other financial requirement involving your passengers. However, it is an expensive insurance policy that many drivers do not prefer. 

KC Wilson Insurance & Financial Services encourages auto owners in San Jose, CA to have insurance coverage that extends to their passengers. This is a critical way of protecting friends and loved ones and preventing unnecessary out-of-pocket expenses. Contact us today for more information about this coverage and to get a quote.

Commercial Insurance Considerations in California

KC Wilson Insurance & Financial Services has served the San Jose, CA area long enough to know that a moment of preparation in the form of purchasing quality insurance is worth a million moments trying to restore your home or business after an event. If you are ready to purchase commercial insurance, here are some considerations for California residents.  

  • California state law requires Worker’s Compensation insurance if you have employees. This will protect you, and your employee’s on a most basic level. But this basic legal requirement is often not considered enough. You have many options for upgrades for the perfect policy for all your commercial needs. 
  • If your company has vehicles or employees that drive for the job, then commercial vehicle insurance may be required, and it is certainly recommended to go above and beyond basic automobile insurance coverage. 
  • Additional commercial insurance is easy to purchase and can help ensure that your company, your family, and your employees will have a cushion of support even if there is an event outside of your control. You can choose exactly the level of coverage that you need. 
  • Your location may determine your insurance rates, so consider this if you are buying a warehouse near the water or near other elements that may be a risk to the company’s structure or safety. 
  • If you have a specialty item or a unique risk level, you may want to add umbrella insurance to your commercial policy for additional monetary coverage. 

Contact us at KC Wilson Insurance & Financial Services if you are looking for quality insurance in San Jose, CA. 

Is My Shed Covered By My Home Insurance Policy?

In California, including San Jose, CA, homeowners insurance is broken down into six sections: A-F. These sections cover the main dwelling, other structures, personal property, loss of use, personal liability, and medical payments. At KC Wilson Insurance & Financial Services, we’re here to help you understand the practical implications for you and your homeowner’s insurance policy. If you’re wondering if your homeowner’s insurance policy covers your shed, there’s good news!  

Home Insurance Shed Coverage 

Coverage B—other structures—covers detached structures on your property, such as a shed. This means that your home insurance policy covers your shed. It is important to note that this coverage is typically only 10% of Coverage A’s coverage limit, which is your main dwelling or home. This means if your main dwelling is insured at $250,000, your shed will be insured at $50,000. 

If you build a new shed that was not previously on your property, be sure to alert your policyholder and inquire about the coverage to ensure you have the coverage you need. 

While sheds and other detached structures are covered under most home insurance policies, you may want to purchase additional coverage for these buildings, particularly if they are very valuable. In the coverage limit example given above, it would be a good idea to purchase additional insurance if your shed or other outbuildings are worth more than $50,000. Another option would be to increase the coverage limit for your main dwelling. 

If you live in or around San Jose, CA, contact KC Wilson Insurance & Financial Services to learn more about homeowners insurance. Every policy is different, and we will be able to talk to you about your situation’s best options. 

 

Why relying on life insurance from your employer isn’t adequate

Life insurance is one of the most important types of coverage you can have. It is not something anyone likes to think about, but passing away is one of life’s realities. If it happens unexpectedly when you are young, it can be traumatic in a variety of ways. One of them shouldn’t be how your family will survive the loss of your income. At KC Wilson Insurance & Financial Services in San Jose, CA, we offer full-service insurance planning and financial services. 

Life insurance is part of financial planning. For many people, life insurance is not something they know a lot about or think about. Your employer may provide a policy as part of your benefits package. If this is the only life insurance you have, you may be risking your family’s financial future. When was the last time you checked what the dollar amount is on your policy? Have you considered whether it is enough for your family to live on if you are no longer there? 

It is a great thing to have a life insurance policy from your employer, but what if you change employers? Where does that leave you with insurance coverage? Many policies won’t payout for a year or two after they are issued. If you change jobs often, it is a much better and safer plan to buy your own life insurance. Consider what you get from your employer as a nice supplement. When you purchase your own insurance, you have control over the amount and can choose from many different options. 

Life insurance is too important to leave to chance. At KC Wilson Insurance & Financial Services in San Jose, CA, we can help you develop a financial plan for today and the future. Give us a call to make an appointment to discuss your needs.

Our Partners:

  • Allianz
  • AmTrust
  • ASI
  • Chubb
  • CNA
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  • Guard
  • Hagerty
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  • Kemper Preferred
  • Liberty Mutual
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