April 23rd, 2019

I hope things are going well for you in springtime, looking forward to summer. I wanted to touch base and share a couple of things that perhaps you were not aware of in my line of work.  

1.  I often have auto or homeowners clients call me about filing a claim which is great.  Often it's a claim when the estimated damage is around what their deductible is at or slightly more. A claim is a claim regardless how small it is. If you have one claim on record in past 3 years, that's OK. However, two hurts and three really hurts. You might get dropped or will pay a higher price and the number of carriers we can shop it to is greatly reduced. Therefore, avoid filing a claim unless it's worth it. If it's NOT your fault in an accident, then you're OK. I have fixed about 20 leaks with my house over the years by calling the plumber or leak detection services who have always fixed it with minimal cost. With YouTube and Home Depot, I've even gotten good at drywall repair.  Also, if your going out of town for a weekend or more, turn off the main water which is a simple valve usually in the garage. 

2. Medicare does not pay for a routine yearly physical. Medicare pays for two wellness visits: a one-time Welcome to Medicare Visit and an annual Wellness Visit.  
An annual physical is a much more extensive examination than the Welcome to Medicare Visit or Annual Wellness Visit. In addition to collecting a medical history, it may also include a vital signs check, lung exam, head and neck exam, abdominal exam, neurological exam, dermatological exam, and extremities exam.

I had a client who got a surprise bill for a physical and the doctor's office never explained Medicare doesn't cover it. They should have done a Wellness visit, not a physical. He didn't pay it and fought it for not being told prior that it wasn't covered and the office withdrew the bill. Furthermore, he was a terminal patient of the doctor and I can't understand why a "physical " was done in the first place!! It never hurts to ask if the service or test is covered before having it done.
3.  A lot of my clients and friends tell me they like my partner's market insights newsletter. It's great information on the market and what is going on. Go to my website at capistranoinsurance.com/investments to read it. Scroll to the bottom of the web page and click on the "Market Update Newsletter" update. The market is impossible to predict so why not have a professional do it for you? Even if your just starting out, no problem. And your account is held at Fidelity Investments.
Let me know if you would like to setup a call with my partner Alan and myself.
Call me at 949-248-3112 if you have any questions.
Blessings,
​Darrell

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