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KC Wilson Insurance & Financial Services LLC

1654 The Alameda, Suite 210
San Jose, CA 95126

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When to Update Your Life Insurance Coverage

Insurance isn’t something you should sign up for, pay monthly or quarterly, and forget about. Your life changes, and as it does, your insurance should change with it to ensure you’re always getting the best coverage for your needs. KC Wilson Insurance & Financial Services offers this guide in navigating this important coverage. 

Here are four critical times you should update your life insurance policy in San Jose, CA.

Life Insurance Coverage: When To Update

1. Get Married

Like most people, you probably don’t think too much about life insurance when you’re single. But once you get married, it’s essential to have a policy in place. If something happens to you, the money can help your spouse cover funeral costs, pay off debts, and maintain their standard of living.

2. Have Children

Adding a child to your family is an enormous responsibility, and it’s also an excellent time to update your life insurance policy. If something happens to you, the money can help your spouse cover child care costs, pay for education, and maintain their standard of living. Your KC Wilson Insurance & Financial Services agent can help you choose the right policy for your family.

3. Buy a House

If you’re a homeowner, having enough life insurance to cover your mortgage is essential. If something happens to you, your family won’t have to worry about losing their home. Homeownership is expensive. With the right amount of coverage, you can also ensure that your family can afford things like home repairs, renovations, or even a move to a new house.

Give Us A Call

If you haven’t updated your life insurance policy, now is the time to do it. Make an appointment with KC Wilson Insurance & Financial Services in San Jose, CA today. We’ll help you choose the right policy for your needs and budget.

Don’t wait—update your life insurance policy today!

The Five Most Common Commercial Insurance Types Purchased in CA

KC Wilson Insurance & Financial Services serving San Jose, CA wants you to purchase the insurance your business needs to protect itself, not extraneous policies you don’t need. That’s why we put together this guide to explain the five most common types of claims filed on commercial insurance policies. 

Common Commercial Insurance Claims

Burglary and Theft

About 20 percent of businesses report burglaries and thefts. This includes break-ins and thefts by employees. You would need a property damage policy to protect your business from this type of loss.

Water and Freezing Damage

Other property damage that frequently causes businesses to file a claim includes water damage. While California businesses largely avoid the freezing damage, except in the far north part of the state, this accounts for about 15 percent of claims. Teach employees to shut off the water at the main to avoid the worst damage.

Wind and Hail Damage

Approximately 15 percent of the businesses filed claims for wind or hail damage. Wind damage includes when a tree falls on your business or business property or it lifts items and throws them into your windows. Properly maintaining your trees, tying down outdoor items, and bringing in items in high wind conditions solves the problem. In some areas, you must purchase wind insurance separately.

Fire Damage

Finally, 10 percent of the claims come from fire damage. Installing fire suppression equipment, such as sprinklers, and fire detection equipment works to reduce losses, but so does using fire retardant materials.

Customer Slips and Falls

The fifth most common type of claim comes from customer slips and falls. Your business liability insurance covers this claim type, which accounts for 10 percent of all claims. Conducting appropriate maintenance and cleaning up spills quickly goes a long way to solving this problem.

Contact Us

Contact KC Wilson Insurance & Financial Services, serving the greater San Jose, CA community, to obtain commercial insurance that protects your business from financial losses. Call us today.

Do I Need Full Coverage Auto Insurance in San Jose, CA?

Choosing the right amount of auto coverage in San Jose, CA is essential to protect yourself and your vehicle. Full coverage auto insurance is the most comprehensive type of policy available. Many factors go into deciding if full coverage is right for you.

Who Needs Full Coverage in San Jose?

There is no definitive answer to this question. Some factors that may influence your decision include the age and value of your vehicle, your driving record, and the amount of coverage you currently have. Full coverage may be a wise investment when you have a newer car with a high value. Also, a vehicle loan may require full coverage. If you have a poor driving record, you may also want to consider buying full coverage to protect yourself financially in an accident.

Your KC Wilson Insurance & Financial Services representative can help you decide if full coverage is right for you. We work with you to find a policy that fits your needs and budget.

What Does Full Coverage Auto Insurance Include?

Full coverage auto insurance includes collision and comprehensive coverage. Collision coverage pays for damages to your car caused by an accident. Comprehensive coverage pays for damages to your vehicle not caused by an accident, such as theft or vandalism.

Both collision and comprehensive coverage include “uninsured/underinsured motorist” (UM/UIM) coverage. This coverage pays for damages if you are in an accident with a driver who does not have insurance or does not have enough insurance to cover the damages.

Call KC Wilson Insurance & Financial Services today for a free, no-obligation quote on full coverage auto insurance in San Jose, CA. We can help you find the policy that’s right for you.

 

Does My Business Need Professional Liability Insurance?

Professional liability insurance is a commercial insurance policy that protects you and your business if a client files a lawsuit alleging a mistake or bad piece of advice. Professional liability insurance often includes errors and omissions insurance and medical malpractice insurance. Generally speaking, if you provide a service to clients, you should have professional liability insurance and may even be required to carry it. 

Professional liability insurance protects your business against claims including errors or omissions, professional negligence, breach of contract, and failure to deliver a promised service by a specific date. If you work in any of the following fields, then professional liability insurance should be strongly considered:

  • Architect
  • Accountant
  • Consultant
  • Engineer
  • Financial Advisor
  • Insurance
  • Real Estate
  • Graphic Design
  • Software Development

In addition to professional liability insurance, California law also requires small businesses with employees, regardless of full-time or part-time, to carry workers’ compensation and commercial auto insurance policies for any business-owned vehicle. Workers’ compensation insurance helps pay for medical bills and lost work that employees sustain due to an injury or illness on the job. Although it is not required, any business that asks employees to use their personal vehicles for work tasks, such as a delivery driver, should be covered by a hired and non-owned auto insurance policy. Most personal auto policies exclude business use. 

At KC Wilson Insurance & Financial Services in San Jose, CA, our knowledgeable and dedicated team of insurance professionals can help answer any of your commercial insurance questions. Give us a call today, and we’ll be happy to assist you in purchasing the right commercial policy for your business. 

How to Create a Home Inventory

Do you want personal property insurance and need some extra help with figuring out how much coverage you’ll need? This is a good reason to put together a home inventory. An expert from KC Wilson Insurance & Financial Services of the San Jose, CA area can talk to you about how best to do this. 

Photo and Video Are Great 

Make good use of photographs and video in order to capture those items that you want to include in your home inventory. These will tell a story of what is most valuable and important to you. It will give your insurance provider evidence that you own these items when it comes time to get a replacement for anything. 

Include the Value 

Do you have receipts for your items? If so, this would be incredibly helpful to include in your inventory. Put the model names and serial numbers for as many of the larger ticket items as you can. It will make the process easier when you file a claim if something is damaged or lost. 

Walk Through the Rooms

Walkthrough each room of your home to help you get an idea of what should be on your list, paying close attention to your collections, wine cellar, and anything else that may be of particular value to you. It may seem tedious, but it really is the best way to make sure you don’t miss anything important. 

Home inventories don’t have to be a hassle. If you have questions about this or anything else having to do with personal property or home insurance, contact us at KC Wilson Insurance & Financial Services of the San Jose, CA area. 

5 moments when you should buy or update life insurance in San Jose, CA

Life insurance isn’t a question of "why." It’s a matter of "when."

It’s true that many people don’t fully realize the importance of life insurance. However, even current policyholders neglect to update frequently. A "set it and forget it" approach is insufficient.

Whether it’s insurance needs, financial strategy, or estate planning, that’s why KC Wilson Insurance & Financial Services recommends regular reviews and revisions. Serving San Jose, CA, the agency lists five events that require an immediate re-evaluation of your life insurance needs.

Getting married

Marriage is a major step. Yet it’s also a financial commitment. The unexpected death of a spouse leaves behind bills, debts, and other expenses. Life insurance helps alleviate this burden by providing for a surviving partner.

Expecting a child

Having a baby can be stressful. But expect a few less sleepless nights with the security of a life insurance policy. In the event of an emergency, increased coverage can cover these costs.

Buying a home

Life insurance can supplement mortgage payments if something happens to you. This ensures the house remains with your spouse, partner, or family after you’re gone.

Starting a business

Life insurance safeguards your business too. In addition to providing protection, a policy may protect investors and other stakeholders who have an interest in a company’s direction if you happen to pass.

Considering retirement

The primary function of life insurance is to replace a deceased person’s wages. In retirement, this is less of a necessity. Social Security and pension may provide enough to warrant a decrease in life insurance benefits.

Contact KC Wilson Insurance & Financial Services

As life changes, your insurance policy should too. Serving San Jose, CA, the agency can find the appropriate coverage to best meet your needs. Schedule an appointment today.

Types of Life Insurance

KC Wilson Insurance & Financial Services serving San Jose, CA, is there to help you choose the right life insurance for you and your family.

Life insurance can be divided into two main types, each with its own benefits and drawbacks, and each type has policy variations within the overall framework.

Term Life Insurance

Term life insurance is life insurance set for a specified time period, either calculated in years or when you reach a particular age. If you die during the policy’s specified period, your beneficiaries will receive the policy’s value, and if you do not, the beneficiary will receive nothing. Term life insurance is renewable up until a certain age, at which point it will either fall away or need to be converted to whole life insurance where possible.

The benefit of term life insurance is that it is usually more cost-effective than whole life insurance, but the drawback is that the older you get, the more expensive it becomes.

Whole Life Insurance

Whole life insurance is the other main type of life insurance, and it is for your entire life. It does not matter when you pass away; the death benefit is paid to your beneficiary, and it does not expire unless you cancel it or stop paying the premiums.

When you take out this type of policy, the premium is usually higher to build a cash value reserve to supplement the premium later in life. One of the benefits of whole life insurance is that you can generally take out loans on the cash value reserve, depending on the policy wording.

Contact Us

Life insurance allows you to rest easy knowing that your beneficiaries are taken care of financially after you are gone. Contact KC Wilson Insurance & Financial Services, serving San Jose, CA, today about life insurance!

What are the Benefits of Auto Insurance?

Many of us have cars to move us from one place to another. While yes, they are convenient, cars come with plenty of responsibilities. Most people think that car maintenance is the only responsibility. While this is crucial, you should also remember car insurance! You see, you could have all your scheduled maintenance checked, have many years of driving experience, but one incidence could leave you sorry if you hadn’t insured your car. 

To that end, car insurance is vital for everyone on the road. It’s that safety net that keeps you protected financially in the event of an unfortunate event. The benefits of having auto insurance are limitless. At KC Wilson Insurance & Financial Services, we will highlight the benefits of investing in auto insurance.

Compliant with law

Auto insurance in California is mandatory. You must show proof of financial responsibility, which is insurance when on the road. Failure to have one you risk fines and penalties.

Pay now and save later

Car insurance is your safety net. The premium you pay now can help you pay expensive bills in the event of an accident. All you have to do is talk to your insurance agent to get the right coverage that suits your lifestyle.

Peace of mind

A mistake of another driver can become your problem. Think about an uninsured or underinsured motorist causing an accident. It’s your headache. But with insurance, you drive around knowing your insurance policy got you.

Protects yourself and others

In the event of an accident, you want to be sure you have the right coverage that can take care of any form of damage, may it be bodily injury or property damage. Having the right coverage can protect your family, passengers, other drivers and yourself.

Auto insurance in San Jose, CA

The aftermath of a car accident can be extremely tedious and time-consuming. Luckily, a good car insurance policy can handle your headaches. Ready to purchase our car insurance in San Jose, CA and its environs? Contact KC Wilson Insurance & Financial Services for an affordable quote.

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. 

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