Saturday, October 31, 2020

For All Your Insurance Needs: Call Mitch

MITCH BASSIGNANI
Owner/Broker
CA License # OC29357

As a lifelong resident of California, I’m proud to serve Fairfield and the surrounding areas as your local insurance agent. With over 22 years of industry experience, I have built my agency with a clear focus on addressing my clients’ insurance needs. After growing up around my uncle, an insurance agent himself, I saw firsthand the connections he made with his clients who trusted him and were comforted knowing they were in goods hands. I took those lessons to heart and knew that my priority as an agent was to guide my clients in the insurance process to ensure that they are properly educated on their coverage options.

Whether you’re looking for homeowners or renters insurance for the house, auto insurance for the family car, recreational coverage for that prized boat, commercial insurance to set up that new business or life insurance to protect your family – it’s imperative for me that you are well taken care of.

Even if you’re located in Vacaville, Suisun City, Napa, Vallejo, Benicia, the greater Solano and Sacramento areas or beyond. I welcome you to stop by my office which is conveniently located just a few blocks from the Solano County Administration office. My staff and I will make the insurance process easy and personalized so that you can rest well knowing you are covered.

Give me a call at (707) 429-4791 and I’ll be happy to answer any questions you might have.

Services offered in English and Spanish.

Wednesday, October 28, 2020

The Perfect Motorcycle Insurance: Call Mitch


As a motorcycle enthusiast, you're all about adventure and fun. The last thing you want to worry about is whether you have the right Motorcycle insurance policy. 

Call Mitch Bassignani at 707-429-4791 for a quote today!

Thursday, October 22, 2020

More Risk? Better Insurance. Call Mitch.



Risk which can be insured by private companies typically shares seven common characteristics:

  • Large number of similar exposure units: Since insurance operates through pooling resources, the majority of insurance policies are provided for individual members of large classes, allowing insurers to benefit from the law of large numbers in which predicted losses are similar to the actual losses. Exceptions include Lloyd's of London, which is famous for insuring the life or health of actors, sports figures, and other famous individuals. However, all exposures will have particular differences, which may lead to different premium rates.
  • Definite loss: The loss takes place at a known time, in a known place, and from a known cause. The classic example is the death of an insured person on a life insurance policy. Fire, automobile accidents, and worker injuries may all easily meet this criterion. Other types of losses may only be definite in theory. Occupational disease, for instance, may involve prolonged exposure to injurious conditions where no specific time, place, or cause is identifiable. Ideally, the time, place, and cause of a loss should be clear enough that a reasonable person, with sufficient information, could objectively verify all three elements.
  • Accidental loss: The event that constitutes the trigger of a claim should be fortuitous, or at least outside the control of the beneficiary of the insurance. The loss should be pure, in the sense that it results from an event for which there is only the opportunity for cost. Events that contain speculative elements such as ordinary business risks or even purchasing a lottery ticket are generally not considered insurable.
  • Large loss: The size of the loss must be meaningful from the perspective of the insured. Insurance premiums need to cover both the expected cost of losses, plus the cost of issuing and administering the policy, adjusting losses, and supplying the capital needed to reasonably assure that the insurer will be able to pay claims. For small losses, these latter costs may be several times the size of the expected cost of losses. There is hardly any point in paying such costs unless the protection offered has real value to a buyer.
  • Affordable premium: If the likelihood of an insured event is so high, or the cost of the event so large, that the resulting premium is large relative to the amount of protection offered, then it is not likely that the insurance will be purchased, even if on offer. Furthermore, as the accounting profession formally recognizes in financial accounting standards, the premium cannot be so large that there is not a reasonable chance of a significant loss to the insurer. If there is no such chance of loss, then the transaction may have the form of insurance, but not the substance (see the U.S. Financial Accounting Standards Board pronouncement number 113: "Accounting and Reporting for Reinsurance of Short-Duration and Long-Duration Contracts").
  • Calculable loss: There are two elements that must be at least estimable, if not formally calculable: the probability of loss, and the attendant cost. Probability of loss is generally an empirical exercise, while cost has more to do with the ability of a reasonable person in possession of a copy of the insurance policy and a proof of loss associated with a claim presented under that policy to make a reasonably definite and objective evaluation of the amount of the loss recoverable as a result of the claim.
  • Limited risk of catastrophically large losses: Insurable losses are ideally independent and non-catastrophic, meaning that the losses do not happen all at once and individual losses are not severe enough to bankrupt the insurer; insurers may prefer to limit their exposure to a loss from a single event to some small portion of their capital base. Capital constrains insurers' ability to sell earthquake insurance as well as wind insurance in hurricane zones. In the United States, flood risk is insured by the federal government. In commercial fire insurance, it is possible to find single properties whose total exposed value is well in excess of any individual insurer's capital constraint. Such properties are generally shared among several insurers or are insured by a single insurer who syndicates the risk into the reinsurance market.
Source: Wikipedia

Give Mitch Bassignani a call at 707-429-4791 and he will be happy to answer any questions.

Monday, October 19, 2020

Bassignani Insurance Services

MITCH BASSIGNANI
Owner/Broker
CA License # OC29357

As a lifelong resident of California, I’m proud to serve Fairfield and the surrounding areas as your local insurance agent. With over 22 years of industry experience, I have built my agency with a clear focus on addressing my clients’ insurance needs. After growing up around my uncle, an insurance agent himself, I saw firsthand the connections he made with his clients who trusted him and were comforted knowing they were in goods hands. I took those lessons to heart and knew that my priority as an agent was to guide my clients in the insurance process to ensure that they are properly educated on their coverage options.

Whether you’re looking for homeowners or renters insurance for the house, auto insurance for the family car, recreational coverage for that prized boat, commercial insurance to set up that new business or life insurance to protect your family – it’s imperative for me that you are well taken care of.

Even if you’re located in Vacaville, Suisun City, Napa, Vallejo, Benicia, the greater Solano and Sacramento areas or beyond. I welcome you to stop by my office which is conveniently located just a few blocks from the Solano County Administration office. My staff and I will make the insurance process easy and personalized so that you can rest well knowing you are covered.

Give me a call at (707) 429-4791 and I’ll be happy to answer any questions you might have.

Services offered in English and Spanish.

Friday, October 16, 2020

Tuesday, October 13, 2020

Disability Insurance Can Make All The Difference

Disability Insurance often called DI or disability income insurance, or income protection is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work. For example, the worker may suffer from an inability to maintain composure in the case of psychological disorders or an injury, illness, or condition that causes physical impairment or incapacity to work. It encompasses paid sick leave, short-term disability benefits (STD), and long-term disability benefits (LTD). Statistics show that in the US a disabling accident occurs, on average, once every second. In fact, nearly 18.5% of Americans are currently living with a disability,[citation needed] and 1 out of every 4 persons in the US workforce will suffer a disabling injury before retirement. [Source: Wikipedia]

Give Mitch Bassignani a call at 707-429-4791 and he will be happy to answer any questions and help determine the best disability policy for your needs and budget.

For All Your Insurance Needs: Call Mitch

MITCH BASSIGNANI Owner/Broker CA License # OC29357 As a lifelong resident of California, I’m proud to serve Fairfield and the surrounding ar...