Author: agentinsure

High Deductible vs Low Deductible: Which is Better?

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When purchasing health insurance for yourself and your family in Chandler, AZ, there are many factors to consider. One such factor is choosing between an HMO and a PPO. Another crucial factor involves determining whether a high or low deductible will be more beneficial for you. San Marcos Insurance Group can assist you in deciding which health insurance deductible will best suit your situation.

Understanding Health Insurance Deductibles

A deductible is the amount you’re required to pay out-of-pocket before your insurance policy begins to cover eligible costs. For most people, affordability is a primary reason for choosing one type of plan over another. The size of your monthly premium, which you must pay even if you don’t incur any medical expenses, influences your deductible. In addition to your deductible, you should also consider your out-of-pocket maximum, which includes doctor co-pays and co-insurance. This figure will help you determine which type of policy is right for you.

Making the Right Choice

With a high deductible, you assume the risk that you won’t need extensive healthcare, resulting in a lower premium. These plans typically cover preventive care and annual checkups and include a healthcare savings account (HSA), which you can use to pay for out-of-pocket expenses you may encounter. The money you contribute to your HSA can help lower your annual income tax bill. Low-deductible plans have a higher monthly premium, but you’ll pay less money upfront for healthcare. Older adults and those with chronic health problems who frequently visit doctors can benefit from these plans. However, these plans typically do not include an HSA.

Contact San Marcos Insurance Group, serving Chandler, AZ, to learn how different health insurance carriers operate high—and low-deductible plans. Call our office today to get started.

Tiny Homes & Alternative Housing: How Insurance Works for Unconventional Homes

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Alternative housing options like tiny homes, container homes, houseboats, and yurts are growing in popularity as more people seek affordable, sustainable, and minimalist lifestyles. At San Marcos Insurance Group in Chandler, AZ, we’ll help you find the best coverage options for your unconventional home.

Why Standard Home Insurance May Not Be Enough

Traditional homeowners insurance is designed for traditional houses. If you own a tiny home or unconventional housing, you may find that standard policies don’t provide adequate coverage.

Types of Insurance for Unconventional Homes

All recreational vehicles, such as all-terrain vehicles, golf carts, and snowmobiles, are eligible to be included in a toy insurance policy. Accidents are inevitable when traveling off-road on your recreational vehicle. Having quality coverage is crucial when a mishap takes place. All recreational vehicle owners ought to have a standard toy insurance policy. It should cover all repair damages and medical care if someone is injured in an accident. Additionally, the coverage must protect your assets if a personal injury lawsuit is filed against you.

What to Look for in an Alternative Home Policy

There are several things to look for when comparing home insurance policies. Liability coverage protects against accidents or injuries that occur on your property. Personal property protection is also important to safeguard your belongings. Comprehensive coverage can protect against a wide range of perils, such as fire, theft, and weather damage.

Protect Your Alternative Home with the Right Insurance

Unconventional homes require specialized coverage. Contact San Marcos Insurance Group in Chandler, AZ, today to learn more about our tailored home insurance solutions.

What to Do If Your Car Is Totaled – Understanding Insurance Payouts

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Getting into a minor car accident can be stressful, but if your vehicle is declared a total loss, it can add another layer of uncertainty. By understanding how insurance payouts work in these situations, you can be confident in your decisions throughout the process. Located in Chandler, AZ, the San Marcos Insurance Group offers comprehensive auto insurance coverage options to keep you protected on the road.

What Does It Mean When a Car Is Totaled?

A car is regarded as “totaled” when the repair costs exceed a specified percentage of the vehicle’s actual cash value (ACV), about 70 to 80 percent. In such cases, the insurance company deems the vehicle beyond reasonable repair and offers a payout.

Steps to Take If Your Car Is Totaled

  1. File an Insurance Claim – Contact your insurer to report the accident and begin the claims process.
  2. Vehicle Assessment – The insurer will inspect your vehicle to determine if it’s a total loss.
  3. Review the Payout Offer – The insurance company will offer a settlement based on the car’s ACV before the accident.
  4. Negotiate If Needed – If you believe the offer is too low, provide evidence such as recent maintenance records or comparable car listings.
  5. Settle Any Remaining Loan – If you have an outstanding auto loan, the payout may go directly to your lender. If the amount is less than what you owe, gap insurance can help cover the difference.

Stay Protected on the Road with Auto Insurance

If your car is totaled, it’s important to understand your insurance coverage and payout process. If you’re located in Chandler, AZ, or the surrounding areas, our team at San Marcos Insurance Group can help. Contact our office today.

How Commercial Insurance Protects You From Unusual Risks

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As a business owner in Chandler, AZ, you face numerous risks, depending on your industry. Even small operations can encounter property damage and liability issues during normal operations. An unexpected accident or lawsuit can be financially devastating for your business. Commercial insurance policies from San Marcos Insurance Group can help keep your business running.

One Policy Doesn’t Cover Everything

At the very least, you need a general liability policy. Most business owners opt for a business owner’s policy that combines several insurance lines to insure your company fully. These customized packages allow you to choose insurance lines that make the most sense. For example, most BOPs combine general liability and may include business property insurance if you own the building that houses your operations. BOPs are cost-effective but may not provide you with all the protection you need. Many entrepreneurs start with a BOP and then add specific coverage as their company grows.

Common Commercial Insurance Add-Ons

Cyber insurance is one of the most popular add-ons, particularly if your company retains sensitive client information. Many business owners customize their policies to include umbrella insurance, providing an extra security layer if your company is sued. Businesses with employees should also have worker’s compensation insurance to cover workers who sustain injuries as part of their work duties. Errors and omissions insurance can benefit professionals who provide advice.

The commercial insurance lines you need will depend on the following factors:

  • Industry type
  • Number of employees
  • Years in operation
  • Location
  • Payroll
  • Risk exposure

Choosing commercial insurance is a highly individualized proposition. Contact San Marcos Insurance Group, serving Chandler, AZ, for an appointment to select the right lines for your business.

Does Your Health Insurance Cover Seasonal Allergies in Chandler, AZ?

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Millions of Americans suffer from seasonal allergies, which cause uncomfortable symptoms such as itchy eyes, runny noses, severe sinus pressure, and sniffles. For some, the symptoms are so severe that they require medical attention. However, allergy treatment can be expensive without adequate health insurance coverage.

Does Your Health Insurance Cover Seasonal Allergies in Chandler?

The best way to determine if your current health insurance plan covers seasonal allergies is to review your coverage or seek advice from trusted agents like San Marcos Insurance Group.

  • Doctor Visits: Review your policy to determine if it covers well-checks, seasonal allergy care provided by primary care physicians, and allergy specialists who treat more severe allergic conditions.
  • Allergy Testing: Some health insurance policies cover allergy testing, including skin tests, which can help identify allergens that trigger sneezing, coughing, itchy eyes, and severe sinus pressure.
  • Prescription Medications: Consult a health insurance expert to learn if you are eligible for over-the-counter allergy medications and prescription medications like antihistamines and decongestants that can help alleviate some of the persistent symptoms of seasonal allergies.
  • Immunotherapy: Chandler locals suffering from severe allergy symptoms may need to get allergy shots or immunotherapy to treat and reduce the negative effects of persistent seasonal allergy symptoms.

Accurate health insurance that covers doctor visits and allergy treatments can help relieve the nagging symptoms of seasonal allergies.

Secure Health Insurance in Chandler, AZ

If you and your loved ones are suffering from the painful effects of seasonal allergies without adequate health insurance coverage, reach out to a trusted local health insurance professional.

Contact the experts at San Marcos Insurance Group and get a comprehensive health insurance quote today!

What is the Process of Dropping a Car From Your Insurance Policy After Selling It?

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Selling a car can be an exhilarating experience, particularly if you’re upgrading or simplifying your lifestyle. However, there’s a crucial step you mustn’t overlook after the sale: removing the vehicle from your insurance policy. At San Marcos Insurance Group, we provide auto insurance to residents in and around the greater Chandler, AZ area and often field questions about this process. Fortunately, it’s straightforward if you know the necessary steps.

Inform Your Insurance Provider

First, notify your insurance company that you’ve sold the vehicle. Be prepared to provide details such as the car’s make, model, and VIN, as well as the date of the sale. This information ensures no confusion about which vehicle you’re removing from the policy.

Ensure the Sale is Finalized

Before removing the car from your policy, confirm that the sale is officially complete. This involves transferring the title to the buyer and removing your registration. It’s important not to cancel coverage prematurely, as you could still be held liable for damages if the car is technically still in your name.

Review Your Policy

After removing the car, review your policy with your insurance provider. If the sold car was your only vehicle, you might want to cancel the entire policy. If you still have other insured vehicles, this is an excellent time to make updates or explore potential savings.

Selling a car is a significant transition, and we’re here to ensure your insurance keeps pace. If you need assistance removing a vehicle from your policy or have questions about your coverage, contact San Marcos Insurance Group in Chandler, AZ today.

How Often Should I Undergo a Home Insurance Review?

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Many homeowners in Chandler, AZ might believe that once they purchase home insurance, they don’t need to revisit it unless they move. However, this is not the case. Changes in your home and personal circumstances often necessitate a review of your coverage. San Marcos Insurance Group can guide you on when to review your insurance and make any necessary adjustments.

Conduct an Annual Review

Insurance experts generally recommend reviewing your home insurance coverage at least once a year. A convenient time to do this is in the weeks or months leading up to your policy renewal. Your insurance provider will send a policy renewal statement highlighting any increases in premiums. This statement provides an excellent opportunity to review your coverage and decide if you should switch providers. Simultaneously, assess if any changes have occurred over the past year that could leave you underinsured.

Factors to Consider

When reviewing your home coverage needs, consider the following questions:

  • Have you undertaken any significant renovations or additions?
  • Have you purchased expensive items, such as jewelry, that require coverage?
  • Have you started a home-based business with inventory?
  • Have there been changes in your family situation, such as marriage, divorce, or the addition of a child?

Can You Cancel Your Policy Before It’s Up for Renewal?

Yes, you can cancel your policy and switch providers if you find a better rate. However, check if your policy includes an early termination penalty. Even if it does, you might find that another provider offers a better deal that offsets any penalties.

Let the experts at San Marcos Insurance Group, serving customers in Chandler, AZ and surrounding communities, guide you on reviewing your homeowner’s insurance and ensuring adequate protection for your home.

Does Your Business Continuity Plan Include Commercial Insurance Solutions?

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No business owner plans for failure or catastrophic situations, but every successful company prepares for the possibility of encountering serious problems. This preparation often involves creating a business continuity plan in which commercial insurance can play a major role. That’s one of the many reasons why businesses in and around the Chandler, AZ, area rely on the experienced team at San Marcos Insurance Group for their commercial insurance needs.

Commercial Insurance: A Key Component of Your Business Continuity Plan

When people think about commercial insurance, they often consider it as protection against theft, accident-related damages, or liability claims. While these are valid reasons for commercial insurance, they’re just a few of its benefits. That’s why it’s a good idea to work with an experienced agent to get the comprehensive commercial insurance solutions your business needs. From mitigating losses to helping your company continue to operate, commercial insurance can be a key component of your business continuity plan and success in the face of a business crisis.

Insurance Solutions for Chandler, AZ Business Owners

If you own a business in or around the greater Chandler, AZ, area and have questions or need commercial insurance, we can help. Contact San Marcos Insurance Group to learn more and schedule an appointment for the coverage and protection your business needs and deserves.

Health Insurance Options for Young Families in Chandler

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Choosing the best health insurance policy for your young family can seem daunting. Understanding your options can help you find a comprehensive plan that covers your entire household’s medical needs while keeping premiums and costs as affordable as possible. At San Marcos Insurance Group, we specialize in finding tailored health insurance policies for young families in Chandler, AZ.

The Importance of Health Insurance Coverage for Young Families

Health insurance coverage is essential for young families for routine checkups, emergency care, and necessary vaccinations. It protects against unnecessary out-of-pocket expenses and provides peace of mind.

Health Insurance Options for Young Families in Chandler, AZ

Young families in Chandler have several options when it comes to health insurance policy types, including:

  • Employer-Sponsored Insurance: Full-time employees may qualify for coverage from their employers, typically resulting in reduced premiums and, in some cases, additional benefits such as vision and dental coverage.
  • ACA (Affordable Care Act): The ACA marketplace allows individuals and families to explore insurance plans online.
  • Medicaid: Low-income families may qualify for Medicaid or, in some cases, the Children’s Health Insurance Program (CHIP).
  • Private Insurance: Private insurance can be obtained and customized for specific needs. It may also provide additional perks and/or access to specialized providers or networks outside of Medicaid and traditional policies.

If you’re looking for a reliable health insurance policy that meets your household’s coverage needs and aligns with your budget, we can help. Contact San Marcos Insurance Group in Chandler, AZ, to learn more about your health insurance policy options. We can provide a consultation to begin reviewing and comparing health insurance policy options suitable for your family’s needs.

Does Auto Insurance Cover Heat-Related Issues?

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Our area must endure scorching temperatures for a good portion of the year. Excessive daytime highs can make your vehicle, especially its engine, vulnerable to damage in Chandler, AZ. Can you protect your vehicle from heat damage through auto insurance? San Marcos Insurance Group can provide you with tips to mitigate heat-related damage.

Most Insurance Doesn’t Cover Heat Damage

Insurance companies generally don’t cover damage to vehicles from heat because they feel that heat-related issues typically involve wear and tear and part of mechanical failures instead of a sudden or accidental event. Car fires are the one event where your auto insurance may protect you against extreme heat. Suppose your vehicle suddenly catches on fire because of extreme heat. In that case, your insurance company may compensate you for some damage, as engine fires are typically covered under an auto insurance policy. However, if your insurance finds you neglectful, they may not compensate you.

How You Can Protect Yourself

Getting a roadside protection plan is the best way to protect yourself and your vehicle during extreme heat. These are available through your insurer or dealer when you buy your vehicle. Although they will not pay for damage that occurs to your engine or other areas of your vehicle, they will help you get it as quickly as possible to a certified repair shop to remedy any damage. What you can do is add roadside assistance to your policy. Having emergency help readily at hand can help prevent extreme damage. Also, maintain your vehicle regularly with preventive maintenance and avoid leaving it out in direct sunlight.

Nevertheless, your auto insurance policy can provide coverage that will protect you from most risks in Chandler, AZ, and its environs. Contact San Marcos Insurance Group today to learn more.