Making sure that you are properly covered by insurance is a very important component of overall personal financial health.  One type of insurance that people should consider getting is umbrella insurance.  For those that are in the Chandler, AZ area, there are several factors to consider when determining if you do need to get umbrella insurance.

Lack of Liability Protection

One of the main factors to consider when you are determining if you should get umbrella insurance is figuring out if you currently lack liability protection.  If you do not have a strong liability policy in place on your home insurance policy, then having some additional umbrella insurance could be very beneficial.  This will be able to provide you with additional liability coverage on top of your existing home, auto, or other insurance policies.  

Higher Risk of Lawsuit

The second situation in which you should have umbrella insurance in place is if you are a higher risk of being sued.  If you are a public figure or are well known for being wealthy, you are more likely to be targeted for lawsuits.  To ensure you are protected for one of these lawsuits, you should have an umbrella insurance policy in place to provide you with liability coverage.  The provider will not only provide coverage but could also handle negotiations for you.

Since determining whether or not you need to have umbrella insurance in place is confusing, working with a professional could be beneficial.  For those that are in the Chandler, AZ area, a great first place to start is with the San Marcos Insurance Group.  When you work with the San Marcos Insurance Group you will receive more feedback on your situation and will receive guidance as to whether you need umbrella insurance and how much coverage you should have.  

Various factors affect the cost of life insurance. Some of these factors can’t be changed while others depend a great deal on your personal choices and lifestyle. Your choice of occupation, habits and hobbies, for example, help determine the cost of a life insurance policy from San Marcos Insurance Group in Chandler, AZ. Here are some of the main factors that affect life insurance costs.

Your age and gender can affect the cost of life insurance. Life insurance is more affordable to buy when you’re young and healthy. The older you get, the higher the costs. If you’re a woman, you can expect to pay less for your coverage as women, in general, have longer lifespans than men.

Insurance companies consider your overall health and fitness when determining life insurance costs. People with health problems such as diabetes, cancer, heart disease, etc. will pay more for coverage due to greater risk of dying sooner. If your family has a history of inherited diseases, you will probably pay more for coverage as well. If you’re in good health, you can expect to pay less. By taking measures to improve your health, you’ll not only live longer but pay a reduced price for your life insurance premiums. Quitting smoking is another way you can reduce your life insurance rates.

Your choice of hobbies and occupation can raise or lower the cost of life insurance. Perilous hobbies like car racing or skydiving puts you at greater risk of having a fatal accident, resulting in your having to pay more for your life insurance premium. People with risky occupations like construction workers, firefighter or aircraft pilots are also more likely to pay higher life insurance rates.

Your choice of life insurance policy will also affect its cost. For more information on affordable life insurance options, contact San Marcos Insurance Group in Chandler, AZ.

Severe weather events can cause serious damage to communities, businesses and homes.  Business owners know that weather events can not only harm their physical structures but also disrupt their ability to serve their clientele.  Many owners wonder if they are covered if there is weather damage.  The simple answer is ‘yes’.  Most commercial insurance packages cover the physical structure of a business.  The amount and type of coverage that the business owner has will determine how the insurance company will compensate the business for the damage to or loss of a structure.  Within a commercial policy, the property insurance portion will cover not only the building but also the equipment and inventory.  The agents at San Marcos Insurance Group serve businesses in the Chandler, AZ area.  They can ensure that your business has the coverage needed.

It is important to know that during a large-scale weather event, insurance adjusters will be inundated with calls from customers so there may be some delay in them getting to the business’ property.  In order to begin operating normally as quickly as possible, business owners should photograph everything.  Owners can begin to clean up the property, clear debris and assess what repairs will need to be made.  If the coverage includes business interruption insurance, that will provide for the business to operate out of a temporary location until their building is repaired. 

Prior to and following a significant weather event, your insurance agent is your biggest advocate for the safety of your business.  The agents at San Marcos Insurance Group understand the challenges and potential threats to small businesses in the Chandler, AZ area.  They will work with you to get the coverage that your business needs while keeping premiums low.  Call or visit today!

Life insurance provides security for your family and loved ones.  Knowing that there will be some money available to help with debts, expenses, and allow your family to continue to thrive if something happens to you can be a great comfort.  Insurance, though, can also make a good investment.

There are different types of life insurance policies available.  The pros at Chandler, AZ’s San Marcos Insurance Group can help you make the right choice.

Four Reasons Why Life Insurance Is a Good Investment

1. Building Cash Value

   Whole life insurance builds up cash value over time.  You are covered with the full value in case something happens, but you can also cash it in, or in some cases, borrow against it if you need the money.

2. Tax Deferred Growth

   A permanent life insurance policy means deferring interest, dividends, or capital gains until you withdraw the money.

3. Diversification

   Choosing the right insurance policy can also help diversify your portfolio of investments.

4. Forced Savings

Let’s face it. Not everyone is good at savings.  Committing to paying for the right life insurance policy can help you maintain a consistent savings plan.

Invest Early in Life

Typically, the earlier you invest in an insurance policy, the lower the price.  The  longer you own it, the more the cash value grow.

Before you use insurance as an investment, or invest in anything, you need to make sure you understand any risks and read the fine print.  For more information, or to help you choose the right insurance, contact the Chandler, AZ agents with San Marcos Insurance Group.  We can help you design the right mix to meet you insurance and investment needs.

 

With so many commercial insurance options available, and a number of different types of policies depending on the kind of company a person has, it is no wonder that insurance can feel confusing. But it does not have to be that way. At San Marcos Insurance Group in Chandler, AZ, there are dedicated agents who are focused on making sure businesses get the insurance they need. That way their businesses are covered and protected, but they do not have a lot of unneeded coverage that can just complicate things. Every business’ needs are going to be different, and knowledgeable agents understand that.

Offices and manufacturing plants have far different working environments, and they also have differences in the kinds of customers that may come through the doors. The risks to people who work there and who come to the company for other reasons are going to be far different. Visitors, salespeople, and vendors may all come through a company on a daily basis, and all of those people have to be protected from unsafe conditions, If they do get injured somehow, the company will want to be able to take care of them while also protecting itself.

The right insurance company and policy will do all of that and more, and will give the company peace of mind, too. Fortunately, there are ways to get that kind of coverage and protection without any hassle or confusion. Reach out to San Marcos Insurance Group today, and start getting the peace of mind that any company owner wants. The Chandler, AZ area has other options, but taking care of everything in one place and knowing the agents are knowledgeable and the company can be trusted can make all the difference in how a business owner feels about their insurance.

Life insurance is something many people realize they need after a tragedy. When a loved one passes away, the family is left with funeral expenses and other unexpected bills. Having a life insurance policy in place can prevent financial disaster for those who are left behind. The agents of San Marcos Insurance Group can provide residents of the Chandler, AZ area with the information they need on both whole life and term life insurance. 

Who Should Have Life Insurance?

In most cases, it’s advisable for everyone to have some type of life insurance. Many use their benefits to pay for their final expenses and to help with the execution of their estate. If you are the sole breadwinner for your family, having a life insurance policy in place is essential. A good life insurance policy will not only pay your final expenses, it will provide your family with the financial means to support themselves since they will no longer be able to rely on your income.

What’s the Difference Between Term Life and Whole Life?

The main difference between term and whole life insurance is that term life involves set payments over a specific amount of time, the result is a death benefit that can use to cover your expenses. Whole life is more of an investment that continues to grow as long as premiums are paid to the account. 

If you live in the Chandler, AZ area, you can contact the agents of San Marcos Insurance Group to discuss what your insurance needs are. They will be able to help you determine what type of life insurance bests suits your needs and will provide for your family in case of an emergency. Don’t delay! Find out how you can protect your family now!

Commercial businesses in Chandler, AZ stand to lose a lot in the case of theft, regardless of whether or not it’s physical or virtual. Commercial insurance will typically cover theft, but there are a few warnings for business owners before they take that at face value. Learn more about how your limits can affect your livelihood in the case of theft. 

Hard Caps 

It’s important for business owners to understand what their policy is before they choose it, but unfortunately, it seems the only thing many owners understand is the price of the premium. This can’t be the only way you decide which commercial insurance is right for you in Chandler, AZ if you hope to survive a number of different threats. San Marcos Insurance Group can help you understand more about what your limits are, and whether or not you need better protection. These limits set a hard cap as to how much money will be paid out in the event of a claim. So if a thief takes $50,000 worth of merchandise and you only have a $25,000 limit, you’ll won’t be able to recoup the full costs of the lost goods. 

Calling San Marco Insurance Group 

Everyone is at risk of theft, no matter what type of business they own. Hackers continue to be on the rise even if physical theft is not a concern for you. No matter what your risks are, you stand to lose a lot in the case of theft, so give San Marcos Insurance Group a call to learn more about how we can help. Our staff has the experience and the skills to explain everything you need to know. We’re happy to answer your questions, provide a quote, or just talk to you about your primary concerns for your business. 

Residents of Chandler, AZ are not required by law to obtain home insurance, but many will choose to do so to protect their investment. In addition, a bank will usually stipulate that their customers must purchase a home insurance policy. When purchasing and maintaining home insurance, it is important to understand what your insurance dwelling value is, and we will discuss this in detail. 

Insurance Dwelling Value

Many people make the understandable mistake of wanting to insure their home for how much it is currently worth on the market, but this is not an accurate way to measure how much insurance you will need. This is because you will need to pay the replacement cost of your home in the event of a total loss, and this amount will likely differ from the home’s current market value. Replacement costs tend to rise when house prices increase, but they also tend to stay the same even when those house prices go down. 

Keep in mind that your insurance dwelling value will likely also increase when you build additions, decks, sun rooms, or garages unto your home. When adding onto your house, it is best to speak with your agent to make sure your indemnification is commensurate with the worth of the structure. Sometimes the state you live in will pass ordinances, such as new wiring and building code standards, that will affect how much it would take to replace your residence, and this must also be taken into consideration when insuring your home. 

San Marcos Insurance Group Wants to Help You

San Marcos Insurance Group is a fine purveyor of insurance with experience serving the Chandler, AZ area. Our friendly agents can answer any questions you may about home insurance, including insurance dwelling values. Contact us today to schedule an appointment, and we can find the right insurance package for you.

Since medical care in the United States is expensive, most people value health insurance. For instance, a three-day hospital stay will cost you anything between $45,000 and $50,000 in Chandler, AZ. Health insurance is perceived to be the only way of reducing these costs since you are sharing the risk with other people. Below are the three critical questions that you should ask before picking a health insurance plan from any provider such as San Marcos Insurance Group.

What Does the Insurance Plan Cover?

It is essential to track what the insurance covers since the services offered will determine how much you will be paying as insurance premiums. Keep in mind that various health insurance plans may cover various kinds of medical care. However, most insurance plans sold to Chandler, AZ residents and businesses cover the following ten essential health benefits:

• Laboratory tests
• Emergency services
• Prescription drugs
• Pediatric services which should include vision and dental care
• Rehabilitation services
• Preventive medical services such as immunization and  proper management of chronic diseases
• Maternity and Newborn care
• Hospitalization
• Mental health and drug-abuse treatment
• Outpatient care

Can You Keep Your Same Doctor?

Every insurance provider including San Marcos Insurance Group has its network of hospitals, doctors, laboratories, pharmacies, etc. there is usually a contract between the insurance provider and the health providers, and if your doctor isn’t in their network, the insurance may fail to cover the bill. So if there is any specific doctor that you want to be seeing, make sure that they are included in the provider’s network.

What Is the Cost of the Plan?

You should consider the following two factors when looking at the price of a health insurance plan:

• The amount of money that you will pay out of your personal finances when you receive the necessary medical care. The amount is usually reflected as a permutation of copay, coinsurance, and deductibles.
• The amount you will pay to the insurance provider for your health plan. This is what is referred to as the premiums.

If you have a chronic condition that is expensive to manage or you have a pre- planned medical procedure, then you should consider a health plan with a increased premium but which covers most of your cost.

Do you want to learn more about health insurance plan? Contact us today for more details.