Richard Koman Farmers Agent

Charitable Giving Through Life Insurance The philosopher Peter Singer argues that there is a moral obligation to give away (to nonprofits that save lives) all of your income in excess of basic living standard. Oxford philosopher William MacAskill commits to giving away of his income in excess of 20,000 pounds. But isn't there a more cost-effective way to do good without going broke? Consider life insurance. In the simplest case, you have been paying for a term policy for sev...eral years but the need for the policy has come to an end. (Your child is now working at a good-paying job and doesn't need your death benefit, for example.) Rather than just dropping the policy and simply wasting all those premiums, you could make the life-saving nonprofit the beneficiary (or even contingent beneficiary.) Or -- take a new term policy out on your young (or young adult) child's life and make a nonprofit the beneficiary. For the nominal cost of a long-term policy on a young life, you can be assured of providing say $500,000 or $1 million for a a nonprofit that will save lives and improve the quality of living for thousands of people around the globe (or whatever cause is). Of course that might not pay off for 50 or 60 years, so you want a charity that will be around that long. There is much more to consider here, and tax professionals should be consulted. I will add some more detailed posts on this over the next few weeks. Of course first and foremost you must protect your family in the case of death or disability, so by all means contact me to discuss your life insurance and other needs. If you're up for a heady conversation, including moral thought experiments and the like, check out this podcast by Sam Harris: https://www.samharris.org/podca//being-good-and-doing-good

When there are taco trucks on every corner, Farmers will be there to provide food truck insurance :-) Check back after Trump wins ;-) Well, check back after the inauguration in any case ...

Time to buy a new electric or hybrid car! Did you know many companies offer discounts for enviro-friendly vehicles? Let me know if you need insurance on your new e-car! ;-)

Don't understand this by a long shot, but it's worth paying attention to your Dropbox account, especially if you store confidential information. Speaking of which, do you ID theft coverage on your home policy? It's included in Farmers coverage. https://www.troyhunt.com/the-dropbox-hack-is-real/

Business owner’s policy (BOP): A business owner policy packages all required coverage a business owner would need. Often, BOP’s will include business interruption insurance, property insurance, vehicle coverage, liability insurance, and crime insurance . Based on your company’s specific needs, you can alter what is included in a BOP. Typically, a business owner will save money by choosing a BOP because the bundle of services often costs less than the total cost of all the individual coverages.

A sober reminder that we live in earthquake country. Your regular homeowners policy does not cover earthquake damage.

Wednesday night farmers market at the Petaluma Theatre District...