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Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

CA Insurance Lic. #0567507

 

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

 

Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

November/December 2026

Is Your Castle Truly Protected?

Is Your Castle Truly Protected

Your home is your castle, and it's important to protect its value and comfort. Many people unknowingly underinsure their property because they don't fully understand their homeowner's insurance coverage. The transition between the end of the year and the new year is an ideal time to review your insurance needs with a trusted professional. Here's essential information to consider before doing so.


For Any Homeowner
Homeowners' policies typically don't cover damage from natural disasters such as floods, landslides, sinkholes, and earthquakes. You can obtain flood insurance through the National Flood Insurance Program or a private insurer. Additional insurance is also recommended if you live in an earthquake-prone area or are at risk of landslides or sinkholes.


For High-Net-Worth Individuals
First, make sure your property is covered for 100% of the replacement value of your residence and all outbuildings on the property, such as a guest house, hobby studio, greenhouse, pool house, stable, and so on. This coverage should automatically increase annually to reflect inflation in your home's value. Also, carry damage and liability insurance for any pool on your property and coverage for any animals stabled.


Expensive jewelry, collections such as art, cars, and antiques, and costly hobby equipment (for cars, woodworking, and other crafts) generally require additional coverage. To insure these items for full value, you should have jewelry and collections professionally appraised and keep purchase receipts for all items. A personal property endorsement or floater to supplement your homeowners' insurance is needed for adequate protection. Rates vary among insurers.


Home Offices and Equipment
Standard homeowners' insurance is unlikely to provide adequate coverage for your home office or other business-related activities. According to the Insurance Information Institute, a typical homeowners' policy provides only about $2,500 in coverage for business equipment. In addition, such policies often provide no liability coverage for business-related activities, including client meetings.


If you operate a home office or run a small business from home, you'll need insurance that fills coverage gaps in your standard policy. For professionals who maintain a secondary home office—contractors, attorneys, accountants, real estate agents, writers/editors, and bookkeepers—consider adding a permitted incidental occupancies rider to your homeowner's policy. If you have a primary home office, you'll need to upgrade to a home business endorsement. This endorsement covers various home-based business activities while falling short of a more costly full business policy.


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Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
Insurance and annuity products are not sold through Fusion Capital Management. Fusion does not endorse any annuity or insurance product, nor does it guarantee any insurance or annuity performance. Annuity and life insurance guarantees are subject to the claims-paying ability of the issuing insurance company. If you withdraw money from or surrender your contract within a certain time after investing, the insurance company may assess a surrender charge. Withdrawals may be subject to tax penalties and income taxes. Persons selling annuities and other insurance products receive compensation for these transactions. These commissions are separate and distinct from Fusion's investment advisory fees.
Meaglia Financial Consulting and LTM Marketing Solutions, LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Marketing Solutions, LLC, an unrelated third party. Articles are not written or produced by the named representative.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.