Your Insurance Financial Plan

There are many aspects to successful financial plans.  Most include a family budget, emergency savings, retirement savings, and…insurance!

So today, let's review the important parts of your insurance financial plan.

Protect Your Stuff - This is what we think of first when it comes to insurance.  Fixing your car after an accident and replacing your belongings after a fire.  When you review your financial plan, you want to make sure that all of your valuable assets are protected here.  Cars, homes, high priced jewelry or artwork, boats, motorcycles, ATV's, etc.  Protect it all and make sure that the deductible is reasonable and that you have full replacement cost coverage.  (We can explain all the details.)  

Protect Your Money - Liability is a misunderstood coverage, but it's extremely important.  When you are held responsible for an accident, your assets and money are at risk!  What if your teenager caused an accident and your were sued?  What if you caused a major accident and didn't have enough liability coverage?  Good insurance can make sure this doesn't happen!  We look at how much you have to protect (total assets) and create a plan to cover it all.

Protect Your Family - You can protect all of your belongings, but the ultimate way to protect your family is with good life and disability insurance.  If something happens to you, you don't have to worry about your family protected.  You can plan to pay off debt, pay for college, or anything else that is important to you.  

All of this might seem like a lot for think about, but it doesn't have to be.  With a great insurance agent, you can meet once a year and trust that all of these things are taken care of.  Why not take a few minutes to schedule an insurance financial planning review with one of our Protection Team Specialist. Call us at 888-327-2663 today!  

Jerry Farcone's Insurance Tidbits!: 5 Ways To Reduce Your Home Insurance Premiums

Jerry Farcone's Insurance Tidbits!: 5 Ways To Reduce Your Home Insurance Premiums: If you're like most home owners in California, you've seen your rates going up on home insurance. It doesn't matter which com...

5 Ways To Reduce Your Home Insurance Premiums

If you're like most home owners in California, you've seen your rates going up on home insurance. It doesn't matter which company you're insured with, there's an overall trend in California and across the country. That trend is that home insurance rates are too low for the market place and rates are on the rise. We're even seeing some companies non renew household or pulling out of California all together. So what can you do? Take a look at this comprehensive list of 5 things which will lower your home insurance premiums!


 1. Choose a higher deductible. The days of a $500 or even a $1000 deductible are in the past. People don't think twice about a $2,500, $5,000 or even a 20% deductible on their health insurance, why not take that philosophy to home insurance? The average person files a home insurance claim about every 14 years. A higher deductible will save you a great deal over 14 years - far more than the cost of the higher deductible at the time of a loss. We offer a number of deductible options to help you manage your costs.

2. Replace your roof. A new roof, especially a concrete roof, a tile roof or UL4 rated asphalt shingle roofing will reduce your rates by as much as 50%.

3. Fix up your house! With record losses in home insurance, many companies are tightening up underwriting rules. If you're house-paint is peeling or your driveway is cracked, you may have been placed in a 'high risk' insurance company - where premiums can be double what you'd pay with a preferred insurance company. Contact or call Jerry Farcone to determine what you should do in order to be able to insure your house with a preferred insurance company.

4. Refrain from filing smaller claims. A home insurance claim can mean as much as a 40% surcharge in your home insurance rates or more, or worse yet, your company may drop you and you may find it difficult to find coverage with another company. It's always a good idea to discuss options with a trained professional like Jerry Farcone before you file a claim as even a claim that results in $0 money paid out, could impact your rates.

5. Bundle your Car Insurance and your Home Insurance. Insurance companies offer big discounts on your home insurance and on your auto insurance if you're willing to insure both with the same company. Take a moment to get a free auto quote on your car insurance. The biggest piece of advice I have is to find an agent and company that you trust and work with that person to find the coverage that fits your budget. Insurance coverage varies greatly from company to company and the lowest cost policy is rarely the same coverage as the higher or mid - range priced policies.

Jerry Farcone - Farmers Insurance 30201 Aventura Ste. 201 Rancho Santa Margarita, CA 92688 http://www.farmersagent.com/jfarcone

Life Insurance Is Affordable

September is Life Insurance Awareness Month. You’ll probably see TV commercials and magazine articles talking about why this coverage is so important all month long. And you probably already know it’s important. But that doesn’t mean that you’ve got

your policy set up yet!

The Life Foundation says that only 62% of people who believe they need life insurance, actually have it. And even those that have it only carry enough to replace their income for 3.6 years. If you have young children to support, that is simply not enough time! And if you're skipping life coverage all together, then you are putting your family at risk.

So why do people wait too long to purchase life insurance? Well, the Life Foundation also says that 86% of Americans say they haven't purchased it because it's "too expensive,” yet overestimate the cost by more than 2X!

Life Insurance rates are based on a number of factors, including age, health conditions, and smoking status. By not smoking and purchasing when you're younger, you can save substantial money. In fact, many term life policies are less than $30 per month!

Here’s what we at Farcone Insurance Agency recommend...call the office and set up an appointment with one of our life insurance specialists. Bring information on your annual income, as well as any debts (like your mortgage). We’ll give an accurate picture of how much coverage you need as well as different ways to make it affordable Don’t wait another minute! Call us today at 888-327-2663 to set up a review for this very important coverage.

How To Choose A Deductible for your Auto Insurance Policy!

When quoting auto insurance for clients, we frequently discuss how to choose the right deductible.  I thought I’d take a few minutes to share this information here on our website too!

A deductible is the amount you pay out of pocket when you have a claim.  If you have a $500 collision deductible and have an accident, then you would pay $500 towards repairing your vehicle and insurance would cover the rest. 

The deductible you choose directly relates to the amount of money you spend on premiums each month.  The higher the deductible ($250, $500, $1000), the lower your monthly cost. 

So how do you choose?  Cheaper price or lower out of pocket expense?

First, look at your emergency savings.  Do you have enough cash available to cover a higher deductible if you had to pay it?  If the answer is no, then you’re better off paying a little extra each month.

Compare the cost savings.  When we run a quote, we can show you several different options.  Ask your agent to run the premium based on several different deductibles so you can see the actual dollar cost savings.

You can always change your mind.  If you’re short on cash now, but know you could afford more out of pocket next year, you’re always able to change.  Keep your deductible in a comfortable range and you’ll always be well protected! 

Call us at 888-327-2663 and one of our protection specialist will be happy to assist you with a personalized quote! 

Auto Insurance For New Rancho Santa Margarita and Trabuco Canyon Graduates

So you just graduated and are ready to go out on your own. You've figured out your rent and have your own car but now you need insurance. Where to begin? Here's what you need to know…
First, you must have liability insurance. It's required by the state and pays to fix the vehicle of anyone you might hit or to fix property that you might damage in an accident. Liability coverage fixes the other person's car.

 If you want your car to be covered then you'll need comprehensive and collision. This is sometimes called "full coverage". It costs a little bit more but protects your vehicle. You'll be required to have this if you are paying off a car loan.

Insurance policies are typically for six months. You can pay in full or make monthly installment payments.

You always want to make sure your insurance is paid on time. If not, you run the risk of not being covered if you have an accident and receiving a no-insurance ticket (which can get very expensive!)

If you are afraid you won't be able to pay on time, call us and let us review your policy and discuss your options.

How can you lower your insurance cost? Not getting into an accident, and having regular insurance reviews will keep your cost manageable. Let our agency work with you to create an affordable plan that will protect you while also giving you the most bang for your buck.

Give us a call at 888-327-2663 to get started today!

Insurance Basics When You’re Buying A Home

Many of my clients begin house hunting during the spring and summer months.  And while you may know all the basics to getting a mortgage and finding the perfect house, many people have no clue where to begin in looking for homeowners insurance.

That’s where we come in! 

Home buying is a long and sometimes stressful process, but the insurance doesn’t have to be.  Here’s how to make it incredibly simple.

When you find the right home and have an accepted offer, let your lender know that we’ll be handling your insurance. 

They’ll typically send us the loan information, but you can speed up the process by calling us and letting one of our agents get all of the important details.  We’ll need to know things like what year the home was built, how many square feet, what construction materials, and other items like that.

Then we’ll contact your lender to determine the closing date and the mortgagee clause.  (You don’t need to worry about this!  Just let us know who is taking care of your loan and we’ll handle the details.)

We’ll fax all of the insurance documents to your lender and escrow companies before the closing date and you’ll be ready to go! 

To save a little extra on your home policy, let us know about any security systems or if you’d like to quote your auto insurance at the same time.

Home buying can be stressful, the insurance side is really simple with the right communication and team.  Call us at 888-Farcone (327-2663) or visit our website today to discuss your new home.   

Dove Canyon's protection specialist!

We just launched a new website for Dove Canyon Insurance.

Click here to check it out!

Dove Canyon Protection Specialist!

Insurance For Your Boat

It won’t be long now before you’re back out on the water.  Are you counting down the days? 

While everyone loves to hit the lake on the boat, there are a few things you need to take care of first.

Are you properly covered?

Since boat insurance isn’t required (in most states), a lot of people skip it in order to save money.  But that’s a very risky idea! 

First, without coverage, you’re risking all the money you spent on your boat.  Would you drive your expensive car without insurance?  Probably not! 

Second, boats are a liability exposure.  That means that they open you up to lawsuits.  If you were to have an accident and damage someone’s boat or personal property, then you could be held responsible.

With the proper insurance coverage, this wouldn’t be a problem.  You’d be protected!  In fact, we typically recommend that clients with a high level of assets purchase extra liability coverage if they own a boat. 

All in all, purchasing boat owners insurance is a simple way to give yourself a lot of peace of mind.  Who wants to worry about insurance when they’re out on the water?  Call us today at 888 Farcone (327-2663) for a free quote on your boat or watercraft.