What is Homeowner's Insurance and Do I Need It?

Homeowner’s insurance is designed to insure you against a wide variety of losses and accidents. These range from fire windstorm, hail and explosion to vandalism, theft and negligence. The coverages vary by policy and not all policies provide all coverages. However, all of the policies are similar in that they are divided into two sections: Property and Liability.

Section I (Property) covers your own property, such as the house, detached buildings and personal property. Specifically, this section of your homeowner's insurance policy includes:

Dwelling: The structure used as the residence premises (primary living quarters)

Separate Structures: Structures not connected to the dwelling such as an unattached garage

Personal Property: Contents such as furnishings, clothing, appliances and personal belongings

Loss of use: Additional living expenses if the residence is unfit to live in due to a covered loss

Examples: These coverages will come into play if, for example, your property is damaged by a fire, which is a huge risk for those of us living in Southern California. It’s quite possible that all Section I coverages may be used to help you in this instance. The dwelling and your separate structures may be damaged, your personal property may be damaged, and you may incur additional living expenses if you can’t live in your home until it is repaired.

Section II (Liability) covers you if you become legally obligated to pay for damages resulting from your negligence.

Examples: Situations covered by Section II might include your dog biting someone or your child throwing a baseball through your neighbor’s window.  

Don’t wait until something goes wrong to give us a call. We will assess your property and offer you a FREE consultation on how much coverage you need to properly protect you and you’re family.

Tim Falsken | 805-494-4187 | tfalsken@farmersagent.com

P.S. We also offer coverage for condominiums, renters and landlords! Head over to our website today if you’re local to Thousand Oaks, CA and want to learn more about properly covering your home and family.

Life Insurance Made Simple

There are a lot of questions that people have when they are looking for a Life Insurance Policy:

"Why do I need Life Insurance?"

“Where do I start?”

“How much coverage do I need?”

“What kind of policy do I want?”

Falsken & Associates has provided Life Insurance solutions for our clients for over a decade and we’re going to clear up some of the questions you might have whether you're jumping into your next or first insurance policy.

First, let’s define the two separate kinds of Life Insurance Policies:

1) Term Life Insurance

Term Life insurance is the simplest form of life insurance. Customers pay a premium in return for a death benefit. As the name suggests, coverage lasts only for a specified period of time. If the insured dies while the policy is in force, the death benefit will be paid to the beneficiary.

Term insurance is the cheapest form of life insurance, but provides no long-term cash benefits. 

2) Permanent Life Insurance (Cash Value Policies)

Permanent Life insurance offers considerable flexibility to the policyholder. There is no set policy period and the premiums are flexible, death benefits are adjustable and it accumulates cash value. This is useful when you want to cover a long-term need such as income for a spouse, college or end of life expenses.

Unlike Term Insurance, cash value policies provide both a living benefit and a death benefit. These are typically more expensive than term policies, but provide many more long-term benefits.  

We can help you put together a life insurance plan that includes a term policy, a permanent policy, or a combination of both. 

If you’re still having trouble, then head over to our website to learn more about Life Insurance before making your next life insurance purchase. 



Tim Falsken | 805-494-4187 | tfalsken@farmersagent.com

www.farmersagent.com/tfalsken

Why Proper Coverage Matters

We often get asked, "What makes Falsken & Associates different?"

In short, our philosophy. Our philosophy aims to provide coverage that properly protects our clients assets. This helps to make sure our clients are protected in the case of a major loss.

The problem we face in 2014 is that people are choosing their insurance carriers based on price rather than protection. They can go online and get an auto insurance quote in ten minutes, however, they aren't properly educated on what coverage they are needing. This puts them at huge financial risk.

The major benefit of writing with Falsken & Associates is that each client receives personalized protection to meet their coverage needs.

We can review your insurance program to make sure there are no gaps or overlaps in coverage. This insures a streamlined insurance portfolio that is specific to your needs. Our annual reviews ensure that your insurance program stays up to date with all of life's changes.

We aim to minimize the financial consequences of a loss. 

We strive to keep you and your family financially protected, so don't wait to get smarter about your insurance. Call us today and we will help you get back on track and protected from the risks of the everyday life. 

Tim Falsken | 805-494-4187 | www.farmersagent.com/tfalsken

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