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
- 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.