Month: April 2022

5 Common Mistakes People Make When Purchasing Home Insurance

Posted on by agentinsure

Homeowners insurance is an integral part of any home purchase. It protects the homeowner against potential disasters, like fire or vandalism. But many people make some common mistakes when shopping for this type of coverage that can lead to being underinsured and not having enough protection if something goes wrong. Read on to learn more about homeowners’ five common mistakes when purchasing home insurance.

1. Not Getting Enough Coverage

One of the people’s most common mistakes when buying home insurance is not getting enough coverage. They either don’t purchase enough coverage or let their policy lapse and are underinsured. It’s essential to ensure you have enough coverage to protect your home and belongings in an unforeseen disaster.

2. Not Understanding What’s Covered

Another mistake people make is not understanding what their policy covers. Home insurance policies have different levels of coverage, so it’s important to know what you’re getting. Some policies will cover damage from fire, theft, and natural disasters, while others may only cover one or two of these things. Make sure you understand the coverage levels of your policy so you know what’s included.

3. Not Shopping Around

People also sometimes make the mistake of not shopping around for home insurance. They either stay with the same company they’ve always had or accept the first quote they get. But it’s important to compare rates and coverage from different companies to ensure you’re getting the best deal.

4. Not Reviewing Your Policy Regularly

Even if you have an excellent home insurance policy, it’s important to review it regularly to make sure it still meets your needs. As your life changes, your coverage may need to change as well. For example, if you get married or have a child, you may need to increase your coverage. Or, if you move to a new home, you may need to adjust your policy accordingly.

5. Thinking it Covers Flooding

One final mistake people make is thinking their home insurance policy will cover flooding. But most policies don’t cover this type of damage, so it’s vital to purchase separate flood insurance if you live in an area prone to flooding.

Home Insurance is critical, but as you have seen, people make some common mistakes. Luckily, San Marcos Insurance Group is here to help you find the best possible home insurance policy for your needs in Chandler, AZ. We understand that shopping for home insurance can be confusing and overwhelming, but we’re here to help. Contact us today to learn more about our services or get a free quote.

How Do I Choose the Right Auto Insurance?

Posted on by agentinsure

When you purchase a new car, the first thing on your mind is likely to get auto insurance. But unfortunately, there are many different auto insurance policies out there, and each one has its strengths and weaknesses. Here are some tips to help you choose the right auto insurance policy for your needs.

1. Determine What Type of Coverage You Need

The first step in choosing the right auto insurance policy is determining what coverage you need. Here are some of the standard policies you can purchase.

Liability insurance covers damage to other people or property if you are at fault for an accident. It is the most basic type of auto insurance and is required by law in most states.

Collision insurance covers damage to your vehicle in the event of an accident. It is not required by law, but lenders often require it if you have a loan or lease on your car.

Comprehensive insurance covers damage to your vehicle from events other than accidents, such as fire, theft, or vandalism. This type of coverage is not required by law, but it can give you peace of mind knowing that your vehicle is covered against these perils.

2. Decide How Much Coverage You Need

Once you know what types of coverage you need, you need to decide how much coverage to buy. The amount of coverage you need will depend on several factors, including the value of your vehicle, your driving history, and your financial situation.

3. Deducible

Your deducible is the amount of money you will have to pay out-of-pocket before your insurance company starts to pay for a covered claim. A higher deducible means a lower premium, but it also means more financial responsibility if you have an accident.

Get Auto Insurance in Chandler, AZ 

Now that you know what to look for in an auto insurance policy, it’s time to start shopping around. San Marcos Insurance Group can help you find the right policy for your needs and budget. Give us a call today to learn more or to request a quote.