Five Things People Should Know About Insurance


For many people, insurance can be difficult to understand.  Most people know that insurance is needed, but often they do not fully understand what they are buying or if they are properly covered.  That is why it is important to have an insurance agent on your side.  A good agent will help you determine what your insurance needs are, educate you about your options, and help you understand the specifics of the insurance you are buying. 
Here are five things that you need to know as you consider your insurance options. 

1. You cannot add coverage for a claim that has already occurred.  For example, if there is flooding in your area, you cannot buy flood insurance during an event. 

2. Coverage gaps can be costly. Having a gap or lapse in coverage can be costly.  Always pay your premiums on time, or ask for a grace period from your insurer.  You will end up paying more if you have lapses in your policy. 

3. Insurance is not intended to cover everything. Insurance is designed to provide financial recovery after an accident or unforeseen loss. Every policy has exclusions which are important to understand. Remember, insurance is not intended to cover regular maintenance. 

4. An agent can be a valuable resource. A licensed agent can help you find the best possible combination of coverage, price, and service that fits your individual needs.  A good agent will be willing to answer any questions you may have and be there for you when a claim occurs. 

5. Do not skimp on liability insurance.  The cost of litigation these days underscores the need for everyone to have an adequate amount of liability insurance.  The greater your assets are, the greater your need is to have your assets covered. 

To protect yourself and your family financially, buy enough liability insurance on your auto and home insurance policies to cover above your net worth.  We can help you determine how much coverage your individual needs require. 
We provide our customers with financial protection through quality insurance products.  We partner with multiple financially sound and reliable companies, allowing our knowledgeable and experienced staff to customize an insurance package to fit your needs. 

While we enjoy meeting our clients in person, we can also initiate coverage over the phone, by fax, or by email. 

We've been in business since 1952! In 1969, our agency's former President Bill Fawcett joined the Ludwig Insurance Agency in Palo Alto, CA. Then, in 1972, Bill became a partner at the agency and it was renamed Ludwig & Fawcett, Inc. In 1980, Bill's wife Judy left her longtime position working for an insurance company and joined Ludwig & Fawcett, followed in the years to come by their sons Brady and Dave. We have been at our current location in Mountain View since July 1981.

Bill, Judy, Brady, and Dave have all lived in Mountain View for over 30 years and have been active in local affairs. As a result, Ludwig & Fawcett and its employees are rooted in the local area and care deeply about the community.
While many of our clients are in Mountain View, Los Altos, Palo Alto, Sunnyvale, San Francisco, and San Jose, we serve all of Northern and Southern California!