Month: December 2018

Myths about Home Insurance

Posted on by agentinsure

When shopping for home insurance in Arizona, don’t believe these myths so you can make sure you are getting proper coverage.

Myth 1: Floods Are Covered

Home insurance doesn’t cover flood damage, so you must purchase a separate flood insurance policy in addition to your home coverage.

Myth 2: My Medical Expenses Will Be Covered if Injured at Home

The medical payments portion of your home insurance will only protect guests that are hurt on your property. You will need health insurance to cover medical expenses for you and your family.

Myth 3: Premiums Will Go Up When a Claim Is Filed

A single claim in Chandler, AZ may not mean that you will face a premium increase. Multiple claims may mean you have to pay higher premiums, but it depends on the claims and your insurance agency. It’s a good idea to estimate the cost of repairs before filing a claim. If the cost of repairs is going to be less than paying your deductible, then filing a claim will just be a waste of time.

Myth 4: Home Insurance Will Cover All Your Belongings

Home insurance will cover many belongings, but it won’t cover all your valuables. There are usually limits on furs, jewelry, and artwork. An agent at San Marcos Insurance Group can help explain what is covered under your policy and get you additional coverage to protect some of your most prized possessions.

Myth 5: Coverage Is Based on the Purchase Price of Your Home

Dwelling coverage should actually be based on the replacement cost of your home. In order to calculate replacement cost, multiply the square footage by the current local construction costs.

Myth 6: Home Insurance Is Required

If you have a mortgage in Arizona, many lenders will make you have coverage. However, there isn’t a law that says you have to have home insurance coverage.  

Contact an agent at San Marcos Insurance Group, serving Chandler, AZ, to get a quote on home insurance. 

 

How an Auto Insurance Claim Works

Posted on by agentinsure

If you’re one of the millions of drivers who have been paying auto insurance for years without ever getting into an accident, you may have wondered what it is you’re actually paying for. It’s not like many people are sitting around googling how auto insurance works. In fact, if you’re reading this right now you’re most likely here because you have a reason to make an auto insurance claim.

So knowing that insurance isn’t the most interesting thing in the world, we’ll keep this post succinct. If you need more information, we’re always here into help drivers in the Chandler, AZ area at San Marcos Insurance Group.

The first thing that happens in the claim process is the notification of an incident to the insurance company. This is typically done through a phone call from the driver to their insurance company. A claims report is filled out by the representative at the insurance company based on information given by the driver.

Next, the insurance company collects information on behalf of the driver. This can include things like police reports and claims reports from the insurance companies of other drivers involved in an accident.

The insurance company will use this information to determine fault. Their finding, however, doesn’t carry any more weight than the finding of one of the other driver’s insurance companies who may have a completely different opinion about the incident.

If conclusions differ between claim reports then one of several things can happen. If everyone agrees then the insured is paid based on their coverage amounts. When there is disagreement the insurance companies can negotiate between themselves, go to an arbitrator, or go to court.

It can be a complicated and sticky process. So if you want insurance that is on your side when you need it then contact us at San Marcos Insurance Group in Chandler, AZ.