What's the risk of living underinsured?

Norm Boone / May 15, 2018 / Insurance

If you’re underinsured, you’re taking an unnecessary risk that could jeopardize your long-term financial well-being and keep you and your family from achieving your financial goals.

If you’re living underinsured, you could be placing your financial health at risk, no matter how diligent you are about other aspects of wealth management. Insurance is a vital component of holistic financial planning.

How so?


Ask an Advisor: Property Insurance and Rising Home Value

Kevin Gahagan / Nov 1, 2017 / Insurance

Bay Area property value is rising. And rising. Kevin Gahagan, CFP®, Mosaic’s principle and Chief of Investments, has practical advice for curious local homeowners with regards to how this may impact their property insurance, and a few words for dwelling coverage  with regards to Californias recent wildfires.


Does Earthquake Insurance Make Sense?

Mosaic / Jun 1, 2017 / Insurance

According to the Los Angeles Times, only 17% of California’s homeowners have earthquake insurance. Knowing you are protected in case “the Big One” hits is a great thing for peace of mind, especially for those of us in the San Francisco Bay Area.

Until recently, available policies have had very high deductibles and very limited benefits for temporary housing and personal belongings.

Now, however, some highly-rated carriers are offering more generous policies that may be well-suited for clients with homes worth over $500,000. These more robust policies offer lower deductibles, a bigger pool of money for temporary housing and personal belongings, and even a cash out option (you can take the insurance money and opt out of rebuilding).

These new policies are expensive—at times quite a bit more expensive than previous options—but their coverage might be very beneficial as a way to protect your equity.

So: does earthquake insurance make sense? This article discusses practical considerations to keep in mind when it comes to evaluating earthquake insurance and your circumstances.


The Job-Changer's Financial Checklist

Mosaic / Feb 23, 2017 / Insurance / Employee and Government Benefits

There may be a lot happening when you change jobs. As you look forward to starting a new job, it's important to consider how you will manage your finances while making the transition from one employer to the next. This job changer's financial checklist can help you keep in touch with important details. It's divided into two parts: the first is for those to use before beginning a new job, and the second is for those who don't have a new position lined up just yet.


Five Ways Financial Advisors Earn Their Keep

Sabrina Lowell / Feb 26, 2016 / Employee and Government Benefits / Retirement Planning / Investments / Insurance / Financial Planning

Navigating your finances can be emotional, complex and confusing. One way to stay on track is to work with an experienced financial advisor. Hiring one may not be cheap, but it’s well worth it — especially when you need to set goals or understand how major life decisions impact your finances.

Here are the top five things a financial advisor can do for you.


Umbrella Insurance Can Protect You From a Financial Catastrophe

Liz Revenko / Jan 26, 2016 / Insurance

Pat and Sandra (not their real names) were ecstatic to see their youngest child off to college. Evan was going to live on campus and didn’t need a car, so they took him off their auto policy. With college bills coming in, saving where they could on insurance premiums seemed like a prudent financial decision.

It wasn’t.


Yes, You Need these Health Care Documents in Place. Now.

Liz Revenko / Dec 21, 2015 / Estate Planning / Insurance

We know the statistics: women are more likely to be single at the end of their lives. This is not a bad thing, as who doesn’t like control of the remote, but it can be scary.  A woman I know, an intelligent retiree with many friends, is divorced and lives alone. Her family members all live in other states. She has saved up an adequate nest egg for her retirement, but because she is on her own she is also aware she doesn’t have a job anymore or the safety net of a husband or kids, she sometimes gets scared. “What if I end up a bag lady” sounds funny when she says it, but she’s scared. Even more than that, though, with a family history of dementia she is terrified of slipping into Alzheimer’s with no one there to notice and or to help.