In California, you are required to
carry minimum auto liability coverage (or post a bond) and provide proof
of insurance before you can license your vehicle or renew your driver's
license. If you are caught driving without insurance, you may have to pay
a large fine and have your driver's license suspended.
GREAT NEWS! When you are insured though the McGann Insurance Agency,
your insurance information is electronically transferred to the state DMV
- This means that you do not have to provide proof of insurance when renewing
your auto license, we take care of that for you! One less worry for you!
There are many different types of auto insurance coverages for you to choose
from. Your trusted advisors at McGann Insurance Agency will work with you
to decide what coverage combinations provide the best. protection at a price
that fits your budget.
Collision - Pays damages to your own
vehicle
Comprehensive - Pays for losses from
fire, theft, storm, etc.
Deductible - The amount of a covered
loss you agree to pay.
Bodily Injury - Pays for injury to others
when you are at fault.
Property Damage - Pays for property
damage when you are at fault.
Collision coverage pays for damage
to your vehicle that results from a collision with another vehicle or object.
In general, the coverage reimburses you the amount needed to repair or replace
your damaged vehicle, minus the deductible. This coverage is normally required
if your vehicle is leased or if you have an outstanding loan on the vehicle.
Comprehensive coverage protects
your investment in your vehicle by paying for losses resulting from fire,
theft, falling objects, riots, storms, earthquakes, floods, collision with
a bird or animal and other natural occurrences. Like Collision coverage,
Comprehensive coverage generally includes a deductible. Comprehensive coverage
is normally required if your vehicle is leased or if you have an outstanding
loan on the vehicle
The deductible is the amount
of the loss you agree to pay or absorb in the event of a claim or accident.
For example, let's say you have a $250 deductible. If you have a accident,
and the bodywork costs $1150, you will pay the deductible - $250, and your
insurance company will pay the balance - $900. With auto insurance, deductible
amounts typically range from $50 to $1,000 per claim. Choosing a higher
deductible reduces the cost of your insurance.
Bodily
Injury coverage pays for any person(s) injured or killed
in an accident where you are at fault. Coverage includes medical expenses
and lost wages. These coverages are subject to the limits and conditions
of your policy. Most states require drivers to carry Bodily Injury coverage.
Property
Damage is when you are in a collision and you are at fault.
Property Damage covers your liability for damaging another person's personal
property, such as an automobile, house or fence.
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Homeowners
Whether you own a your own house,
townhouse or a condo, or if you rent, The McGann Insurance Agency has
a customizable insurance program to protect you and your family, your
home, and your belongings.
Homeowners
Insurance
We understand that your home, next to your loved ones, is perhaps your
most valuable possession. That's why we work hard to provide you the best
coverage, tailored to your needs, at a reasonable price. A typical Homeowners
Insurance policy provides the following coverages.
Property
The McGann Insurance Agency provides coverage for your house and separate
structures are covered for almost any type of damage. With few exceptions,
a few common exclusions listed in your policy, such as wear and tear,
flood, nuclear hazards and earthquakes are not covered.
Personal Property
The policy that we deliver to you covers your on-premises personal property,
subject to the policy provisions. Your personal property is protected
anywhere in the world - if your clothes are stolen while on vacation,
you're covered.
Typically, your personal property
is covered for damages resulting from the following:
- Fire of lightning
- Windstorm or hail
- Explosions
- Riots or civil commotion
- Falling objects
- Aircraft and vehicles
- Sudden or accidental smoke damage
- Vandalism or malicious mischief
- Theft
- Sudden and accidental discharge
of water or steam from plumbing system or appliances
- Building collapses
- Personal Liability
Your coverage pays for bodily injuries
to other people or damage to their property if you are liable, when the
damage is caused by the following:
Use of your premise, including swimming pools
The acts of your pets
Unintentional acts by you or a qualified family member
Also, this coverage pays medical payments for other people injured on
your property, regardless of liability, up to certain limits stated on
your policy.
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Personal
Liability Umbrella
With lawsuits are common than ever,
and more and more juries are awarding very large settlements, you may
need to consider a personal liability umbrella.
If you accidentally injure someone or damage their property, you could
be sued. Your homeowners', property and auto policies may provide substantial
liability limits, but juries can award damages that exceed those limits.
A Personal Liability Umbrella provides coverage
in increments of $1 million. It supplements your present policies to provide
additional personal liability protection.
The Umbrella policy goes into affect after the underlying liability limits
on your homeowners or auto policy is exhausted. Therefore, your policy
must have certain limits in order to qualify for an Umbrella policy.
Typically, these are the policy limits that either your auto or homeowners
policy needs to have.
Please contact your McGann Insurance Agent to see if a Personal Liability
Umbrella is right for you or if you have any questions.
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Life
And Health
The McGann Insurance Agency offers
you the peace of mind that comes with knowing your family's needs are
covered in the event of your death. This is what life insurance is all
about.
There are three basic types of life
insurance. The McGann Insurance Agency will find the type of life insurance
that fits your needs best.
Whole Life Insurance is
permanent insurance that provides coverage for the "whole life"
of the insured.
Universal
Life Insurance is flexible coverage and cash value
accumulation
Term
Life Insurance is temporary coverage to fit business
or personal needs.
Whole
Life Insurance plans lock in a level premium for a lifetime
and provide living benefits for yourself in the form of cash value.
Our Whole Life plan also lets you purchase additional insurance at various
life stages through a "guaranteed insurability" benefit. This
benefit allows you to buy more insurance at ages 25, 28, 31, 37 and 40
and when major events occur.
Whole Life is a great solution for:
Young adults just beginning an insurance program
Families needing protection while saving for the future
Professionals who require a lot of short-term insurance coverage
Fixed Premium Whole Life is a permanent plan with two important benefits:
Constant level of protection and constant premiums until age 100
Built-in cash value, guaranteed to increase at 4 ½ percent yearly
for the life of the plan
Universal Life
programs are designed to provide protection that fits your changing financial
situation with:
Flexible coverage
Changeable death benefits
Options for timing and method of premium payment
A long list of features and options
Farmers Universal Life plans offer preparation for retirement, estate
conservation and tax benefits you should know about. As your McGann Insurance
Agent for more information.
Term Life Insurance is the right choice when you're looking for temporary
coverage to fit your current family or business needs. These plans generally
provide the most coverage for your insurance dollar. What's more, you
can purchase plans that are renewable or even convertible to permanent
forms of Farmers Yearly Renewable Term is an affordable one-year level
term insurance plan that can keep you insurable for life. The plan is
renewable for successive periods, one year at a time to age 95, all without
having to provide any further evidence of insurability. Minimum plan coverage
is $500,000.
Coverage
An affordable coverage is a yearly Renewable Term that fits the needs
of families, professionals and business owners. The coverage is designed
for short-term insurance needs, such as paying off a loan in the event
of death or traditional "key-person" insurance plan.
Guaranteed Premium
Premiums are guaranteed at the beginning level for the first five years
of the policy. Thereafter guaranteed maximum premium payment increases
are specified in the policy. So, you can plan your insurance costs, now
and down the road.
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Business Insurance
At the McGann Insurance Agency, many customers ask, "Why do I need
business insurance?" Like any other asset, your business needs protection
too. We make it our business to stay one step ahead with the specialized
insurance needs of your business, making sure that in the event of business
catastrophe, you are covered.
Our coverages are specially tailored to your unique needs
and to provide solutions that can help you meet the challenges that come
your way-no matter what kind of business you own.
We offer a small business owners' package (BOP) geared
toward the business that needs the most common types of business insurance
coverage, as well as other products to provide an extra measure of protection.
Workers' Compensation
Business
Continuation
eEmployment
liability practices,
Surety Bonds
Just like building a business, building an effective insurance
program is done in steps. A good first step is working with a professional
at The McGann Insurance Agency to put together the right policy for the
unique challenges facing your business.
What coverages do I need?
Do you have adequate insurance to cover your business
from loss due to crime, fire, flood, equipment failure, injury or the
death of a key employee?. As a business owner, you need to choose the
coverage that matches your needs.
Through Farmers Business Insurance programs, The McGann
Insurance Agency offers the following:
Workers' Compensation
The difference between a Farmers Workers' Compensation policy and one
offered by another insurance company is service.
As part of our service, we offer your business necessary
steps to design a system to help you build a strong foundation for operating
a safe, secure work environment. The building blocks include accident
prevention and loss control, team service, claims management and a medical
and disability management program referred to as Farmers Care.
As an employer, this means reduces injuries and losses, reduced medical
& disability costs, reduced policy adjustments, and reduced premiums.
Business Continuation
As a business owner, you spend many hours working and developing your
business. But have you thought about what would happen to your business
should you or your partner become disabled or dies? To preserve the future
of your business, it is important that you create a business continuation
plan. Such plans often include a "buy-sell" agreement.
A buy-sell agreement, funded by life insurance and written while the owners
are alive, ensures that your heirs can sell their share of the business
to surviving owners - and that the surviving owners can buy their share.
Each owner also agrees not to sell their interests without first offering
it to the remaining owners at an agreed-upon price or formula.
The McGann Insurance Agency offers the following options for your business:
Partnership Life Insurance
Through Farmers, Partnership Life Insurance is designed to help your business
survive the loss of a partner. To preserve the business, many businesses
create a buy-sell agreement, a legal agreement that fixes both the price
and terms of the sale of the business in the event a surviving partner
buys out a deceased partner's interest. Life insurance can provide the
necessary funds.
Sole Proprietorship Life Insurance
You can easily transfer your business to a successor. Life insurance is
purchased by your heirs to provide funds to pay estate taxes and help
sustain the business during the initial period of new management.
Stockholder Life Insurance
McGann Insurance Agency recommends that you use life insurance to create
a buy-sell agreement certifying that if a stockholder should die, the
remaining stockholders can purchase his/her shares at a fixed price. This
will guarantee that heirs will receive cash for their inherited business
interest and that surviving stockholders will maintain control of the
business.
eEmployment Liability Practices
You need to protect your business from discrimination and
harassment. Farmers Employment Practices Liability Insurance (EPLI) covers
your business from discrimination and harassment claims brought by employees,
board members, leased workers and temporary workers and independent contractors
may be added for an additional premium.
An EPLI policy will protect your business from:
- Harassment
- Discrimination
- Wrongful termination
- Wrongful refusal to hire
- Wrongful failure to promote
- Wrongful demotion or reassignment
- Coercion
- Employment-related misrepresentation
Surety Bond Program
A bond covers the fulfillment of an obligation. The obligations can range
from performance of a contract to following laws related to an operating
license. Other obligations include paying taxes or lease fees, supplying
goods, paying a court judgment, performing duties as a public official,
etc. Farmers Surety Band Program is recognized as a leader in the surety
industry with expertise in a variety of bonds.
In addition to the many types of coverages provided by Farmers Insurance
Group, The McGann Agency has coverage for:
Buildings - including improvements you have made.
Contents - personal property, stock and equipment.
Crime - loss of money and securities through theft, burglary and
robbery; employee dishonesty; forgery and alterations
Equipment Breakdown - air conditioning, refrigeration, electrical
and mechanical equipment.
Computers - hardware, software, media and reproduction costs.
Business Liability - premises, operations, products and completed
operations.
Personal Injury - libel, slander, defamation of character, wrongful
eviction and invasion of privacy.
Accounts Receivable - including a debt owed to an enterprise, arising
out of the normal course of business dealings.
Loss of earnings or rents
Business auto
Umbrella liability
Employer-Sponsored
Pensions
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FREE AND FAST
QUOTE TODAY call 925.447.1744
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