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KC Wilson Insurance & Financial Services LLC

1654 The Alameda, Suite 210
San Jose, CA 95126

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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.

Is It Time to Update Your Auto Coverage?

If you haven’t reviewed your auto insurance in a while, now would be a good time to do so. Changes in your lifestyle over the last year may have affected your auto coverage. At KC Wilson Insurance & Financial Services, we recommend our San Jose, CA customers review their policies annually to ensure their coverage is up to date. Here are a few reasons you may need to update your auto coverage.

Marriage

You’ll need to update your auto insurance after marriage if you’re going to add your spouse to your policy. If your new spouse has his or her own car, you can get a multi-car policy to reduce auto insurance costs.

Divorce

If you each own a vehicle titled to your individual names, you may want to obtain separate car insurance policies once your divorce is confirmed. We can help you finalize this process to ensure you maintain accurate coverage.       

Retirement

If retirement changes your driving habits, you may need to update your coverage to compensate for these changes. Some people drive less after requirement and require less coverage. Others drive more due to having more time to travel. If you fall into the latter category, increasing your coverage will ensure you have optimal protection on the road.

Upgrading Your Vehicle   

A vehicle upgrade or the purchase of a new vehicle will probably have a major impact on your auto insurance, especially if you’re buying your vehicle on time. Your lender may require you to have more coverage than you had on your older model to protect their investment.

By discussing lifestyle changes with your KC Wilson Insurance & Financial Services agent, you can ensure you get the coverage best suited for you. To learn more about auto insurance options in San Jose, CA, call or visit us today. 

Do I Need Commercial Insurance in California?

With upwards of 4 million small businesses in California, business owners must protect their investment to ensure their own financial success and the livelihoods of those they employ. To that end, businesses in California must have workers’ compensation insurance regardless of the number of full-time or part-time workers they employ. In short, workers’ compensation insurance helps pay for the medical bills and lost wages associated with an employee being injured or getting ill while on the job. In addition to workers’ compensation insurance, California businesses must also have commercial auto insurance on any company-owned vehicles. Keep in mind that this law only extends to vehicles that are owned by the business, so if your employees are required to use their personal vehicles for work-related functions, then you should strongly consider hired and non-owned auto insurance because the vast majority of personal insurance policies will not cover business use.

Although workers’ compensation and commercial auto insurance are the only two insurance requirements for businesses in California, there are additional policies that can be purchased for your business that help protects various aspects. For instance, cyber liability insurance protects small businesses from the exponential costs stemming from lawsuits, identity protection tools, fines, and much more, resulting from a data breach or hack. Other optional policies include general liability and professional liability insurance, which protect business owners from third party damages and errors or omissions. 

With so many options to choose from, selecting a commercial insurance policy can feel overwhelming. Lucky for you, the friendly and professional team at KC Wilson Insurance & Financial Services in San Jose, CA strives to make the process as easy as possible. Give us a call today to schedule a no-obligation consultation.

Our Partners:

  • Allianz
  • AmTrust
  • ASI
  • Chubb
  • CNA
  • CSE
  • Encompass
  • First American
  • Foremost
  • Great American
  • Guard
  • Hagerty
  • Hanover
  • Hartford
  • Hartford AARP
  • Kemper Preferred
  • Liberty Mutual
  • Mapfre
  • Markel
  • Mercury
  • MetLife