How Does Home Depriciation Affect Home Insurance Premiums

Your home insurance premiums are a combination of a few different factors that help to set the amount that you will need to pay each month, bi-annually, or even each year depending on how you decide to pay. Your agent can explain more, and if you live in the Chandler, AZ area, the agents with San Marcos Insurance Group can tell you more.

Your home insurance premiums are first and foremost determined based on the overall value of your home. Though there are tons of other factors that go into the premium, the home value is the primary decision maker. Home depreciation is the concept that as your home ages, it is worthless and therefore you might not need as much coverage on it.

When it comes to figuring your home insurance premium, only very large depreciation is going to make a difference in the cost of premiums. Say you took out your policy in 1999, it is now 2017, and that means that 18 years have passed, this is going to amount to a great deal of depreciation and likely some deduction in your premium if you report the depreciation.

For those that took out a policy in 2015 and two years have passed, this is not likely to create much of a change in your overall monthly premium. If you are looking to reduce your premium, you want to speak with an agent about things that you can do to reduce your premium. Your agents can help you decide if adding safety features is going to help or if changing to safer building materials might help. For those that live in the Chandler, AZ area, the agents with San Marcos Insurance Group can help you find the policy that is right for you.  

Weathering the Damages

Believe it or not, the climate you live in can make a significant difference in how long you can expect your car to stay in like-new condition. The salty sea air, for instance, can really wreak havoc on a finish. If you live in Arizona, you have your own concerns to consider, such as…

  • Sunshine

The harsh sun of Chandler, AZ can be a bit much at times, and it can cause your car’s finish to fade and peel long before its time. The best way to prevent this is with regular waxing. Lighter colors also tend to fade more slowly. And of course, you should use a reflector in your windshield in order to keep your steering wheel from melting right onto your seat.

  • Sand

Those fine grains of sand when you drive on the desert highways, they can do a number on your car. The most apparent damage will be done to the finish as it sort of sands away at the coat. Again, waxing can help here, as can regular washing to get rid of stand still clinging to the car.

  • Dryness

That desert dryness can do a lot of damage to your car. The hot pavement can fry the rubber like an egg, leading to a blowout. Your best bet here is to store your car in a garage or under cover when possible.

If you don’t take care of your car, you could be looking at higher premiums on your insurance when your provider sees that you’re constantly going in for repairs. Keep your car in good condition, drive safe, and contact us for some free quotes. Contact San Marcos Insurance Group today for more information. 

 

How Home Insurance Fraud Affects You

Insurance fraud is a real issue when it comes to home insurance in Chandler, AZ. Fraudulent home insurance claims can be phony claims and fake property damage, to name a few. If you are considering exaggerating your insurance claim, don’t. If you know someone who you suspect committed insurance fraud, then you should report them because it affects you as well.

Fraud Drives Up Premiums

Fraudulent insurance claims are often paid by insurance companies. If you couple that with the fact that insurance claims are increasing, then it’s easy to see how fraudulent claims can increase the rate you pay for your home insurance each month. As a whole, everyone with insurance covers insurance companies’ costs. With more claims, the cost of covering your home can increase over time.

Fraudulent Insurance Claims Affect Risk Factors

Insurance companies consider a lot of risk factors when you apply for home insurance in Chandler, AZ. All those factors boil down to estimating the odds of paying out a claim. If there is a steep uptick in the number of claims in an area, then it could affect the rate you pay for insurance. You see, if there is an increased chance of paying out a claim, then the cost of protecting your property increases too.

The Cost of Fraud

The NCIB estimates that the cost of fraud can cost people between $200 and $300 each year. If you consider the fact that the additional cost of home insurance is completely avoidable, then it makes sense to report instances where you suspect someone is filing a false claim.

No matter what company you have for home insurance, you have a duty to report home insurance fraud. If you suspect someone in your area is guilty, then you can contact us or our Arizona Department of Insurance to inquire about the steps you should take to report their behavior.

 

 

Tips for Winterizing Your Home

Every home deserves proper care. Many homeowners, however, find it difficult to fit home maintenance and repairs into their busy life schedules. Fortunately, though, keeping your home in good condition does not have to be a hassle. Here is a quick look at a few tips for winterizing your home.

Clean Out the Gutters

During the wintertime it is especially important that water be able to flow freely through your gutters. If it can’t, it will set in your gutters and likely freeze. This is why you should clean your gutters on a regular basis, especially during the colder months of the year. Fortunately, cleaning them out toward the end of fall is an excellent way to help guarantee they stay as clean as possible during winter. 

Flush the Water Heater

To ensure your water heater is performing at its optimal level of performance, it needs to be flushed once to twice a year. Just like cleaning out your gutters, performing this winterizing task is absolutely free. 

Turn Ceiling Fans to Spin Clockwise

To keep the heat flowing in your home and to improve heating expenses, make sure to turn your ceiling fans to spin clockwise; this helps to ensure the heat is being pushed from the ceiling down toward the floor and throughout your home. 

Replace Filters

Lastly, you will want to make sure your home is winterized by making sure all HVAC filters are cleaned or replaced. The cleaner the filters, the better the air flow in your home, which helps reduce heating expenses.

To learn more about winterizing your home and home insurance, contact San Marcos Insurance Group serving the Chandler, AZ area. 

When It’s Time To Explore A New Auto Insurance Policy

Driving throughout Chandler, AZ can be fun and dangerous at the same time. You never know what other drivers are going to do. You also never know how the weather will impact driving conditions. Your auto insurance policy needs to be capable of protecting you against every possible scenario.

Looking at Your Policy

One of the first things you need to do is take a good look at your auto insurance policy. You are required to maintain at least the minimum levels as required by the state. If this is the only coverage you have, you may be missing some areas of protection. For example, comprehensive coverage is not required, though it is highly recommended because it will cover things that happen outside of driving. This includes shopping cart incidents, cracked windshields, and much more.

You don’t want to pay out-of-pocket more than what is absolutely necessary, which is why your policy needs to be strong.

Examining Common Incidents

It’s a good idea to look at some of the common incidents that occur amongst car owners in Chandler. At San Marcos Insurance Group, we will be happy to provide you with some of this information as well. This will allow you to build a policy that provides more substantial protection. If something does happen, you will be able to file a claim and have the insurance company pay for everything.

If you have had issues with paying too much out of pocket with your auto insurance in Chandler, AZ, it’s time to explore a new policy. At San Marcos Insurance Group, an experienced insurance agent can help every step of the way. It allows you to learn more about the possibilities that exist with your policy as well as some of the other insurance companies that offer policies in Arizona.

 

 

 

How to Avoid Kitchen Fires

Nothing is better than a home-cooked meal. But all that activity in the kitchen during cooking time can spell trouble unless a few precautions are taken into consideration. Avoid kitchen fires with these tips.

Don’t Leave the Kitchen

Food that is being sautéed, steamed, or boiled can easily burn once the cooling liquid has evaporated. Once that food is left to cook on a dry skillet or pot, it can easily catch on fire.

Whoever is cooking should never leave the kitchen while anything is on the stovetop. If food is in the oven, be sure to set a timer so that the oven either turns off automatically, or the cook can return to the kitchen to remove the food from oven before it burns.

Don’t Multitask Activities

When the cook is trying to do too many things at once, it’s too easy to forget about what’s cooking on the stove or baking in the oven. This can quickly lead to burned food and worse – a kitchen fire.

San Marcos Insurance Group in Chandler, AZ recommends planning family activities so they don’t interfere with meal preparation. For instance, don’t expect the family cook to keep tabs on dinner while playing a family game in the living room at the same time.

Keep Kids Out of the Kitchen

The kitchen is the heart of the home, but kids can get rambunctious and out of control, and there are a lot of dangers in the kitchen during cooking time.

To be on the safe side, keep kids away from hot stoves and pots sitting on the range or countertops. Keep children out of the kitchen as much as possible, or at least on the other side of the kitchen island, where they will be far away from dangerous stovetops and sharp implements. San Marcos Insurance Group in Chandler, AZ suggests distracting kids with another activity in other room, to occupy them while you’re cooking.

Control Consumption

If you’re preparing a particularly involved meal or cooking in the midst of a party, you may be sipping alcohol as you cook. This is a common behavior during cooking that many consider makes meal preparation more enjoyable. However, indulging in too much alcohol consumption can lead to neglecting kitchen safety.

Control your alcohol consumption so it doesn’t interfere with your ability to monitor safety precautions and food preparation. A good idea for doing this is to alternate having a glass of water in between each alcoholic beverage.

With these cooking safety tips in mind, your holiday meal preparation should go smoothly and without any fire emergencies.

 

 

 

 

Auto Insurance Arizona

Route 66 is a popular touring destination for automobile owners looking to experience the American Southwest. Arizona mandates auto insurance registration for all drivers with the state Motor Vehicle Division (MVD). Drivers with a record of traffic citations or driving without insurance in the state may be subject to fine. Liability auto insurance is the minimum insurance coverage for Arizona drivers.  

Required Auto Insurance Coverage

Arizona’s Financial Responsibility law requires registration of a Certificate of Financial Responsibility (SR-22) at a state MVD to reinstate a license. All drivers must evidence proof for auto liability insurance of a minimum of 15/30/10 or 15,000/30,000/10,000 or:

  • $15,000 bodily injury coverage for death of one (1) person, in an accident
  • $30,000 bodily injury coverage for death of two (2) or more persons in an accident. Coverage is subject to a $15,000 per person limit
  • $10,000 property damages or injury of another in an accident

Optional Auto Insurance Coverage

Prior to signing on to auto insurance coverage, Arizona drivers may supplement liability insurance with the additional coverage for:

  • Auto lease
  • Collision
  • Comprehensive collision and liability
  • Parts and equipment replacement
  • Medical bills
  • Personal injury protection (PIP)
  • Uninsured/underinsured motorist bodily 
  • Uninsured motorist property damage 
  • Towing and auto repair costs

Combined auto insurance and homeowners insurance, or medical insurance agreements may be available through your insurance broker. Ask an agent about comprehensive coverage, as well as premiums, claim submission, and compensation limits. Factors such as age, model, of vehicle, driving history, credit score, and city of residence may affect insurance policy premiums. Drivers classified as higher risk as result of age and gender, DWIs or traffic citations, may also be required to supplemental fees.

To find out more about auto insurance in Arizona, and to obtain a quote, contact San Marcos Insurance Group, Chandler, AZ.