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.

There are a wide variety of life insurance policies available today, the most basic being term insurance and permanent insurance. Within these two categories, however, there are several different types of policies to choose from. Familiarizing yourself with the differences can help you better customize the specific coverage to meet you and your family’s unique needs. Here are some guidelines to help you determine which is your best life insurance option.

Term Life Insurance

Term life insurance is the most basic type of life insurance, as it offers only death benefit protection and doesn’t build up cash value within the policy. Term life insurance is generally very affordable, especially if you are young and in good health at the time you apply for coverage. Coverage is purchased for a set length of time, such as ten, 15, 20, 25, 30 or more years. Many insurance carriers offer a 1-year renewable term option. The premium amount typically remains the same while the policy in force. Once the coverage expires, you will need to re-qualify for a new policy at your current heath status and age to continue coverage, generally at a much higher rate, however, some policies may offer the option to convert to a permanent life insurance plan. If your financial needs may change, you can purchase a “convertible” term policy, which allows you to convert it to permanent insurance coverage without a medical examination in exchange for a higher premium.

Permanent Life Insurance

Permanent life insurance offers death benefit protection as well as cash value. Unlike term life insurance, it doesn’t have a time limit and is intended to last for the remainder of the insured’s life, as long as the premium is paid.  There are several different types of permanent life insurance:

• Whole Life Insurance – The most simple permanent life insurance coverage. The premium amount it set for the entire length of the policy, no matter your eventual age or health. The cash value component grows on a tax-deferred basis, can be withdrawn at will, and is only taxed when withdrawn. Some policies include tax-deferred dividends as well. 
• Universal Life Insurance – More flexible than whole life, you can choose how much of your policy goes toward the death benefit and the policy’s cash value. Cash can be withdrawn for a variety of reasons, including debt payoff, retirement income or vacations.  
• Variable and Variable Universal Life Insurance – Offer a variety of different options for investment, such as equities or mutual funds. They have the possibility of growing more quickly, but also can be more at risk depending on the movement of the market. 
• Survivorship Life Insurance – Covers more than one person. With a “first to die” policy, the coverage pays out when the first person dies. “Last to die” policies pay out when the second covered person passes away. This coverage may be less expensive than separate policies, especially if one of the people is in good health.  
• Final Expense Life Insurance – Also known as “burial insurance”, this coverage is typically purchased by seniors between the age of 50 and 85. This coverage ensures that your survivors aren’t burdened by costs related to your burial, such as headstone, flowers, and memorial services. 
• No Medical Exam Life Insurance – Doesn’t require a medical examination during the underwriting process, but is generally more expensive. 

Do you have questions about your life insurance needs? San Marcos Insurance Group is here to answer all your questions and point you in the right direction. Give us a call if you live in Chandler, AZ, and want more information about which life insurance policy will best serve you and your family’s needs best.   
 

Businesses benefit from insurance, in crisis situations, which threatens its existence.  Also, your landlord may require coverages to protect the landlord’s property. San Marcos Insurance Group Chandler, AZ will take care of your business, protecting you and your clients or customers.   

Business Owner’s Policy

This policy is your Business-saver insurances which is a combination of general liability and property insurance.  General liability will cover injuries to third persons on your property but no injuries to employees.  If there is a personal injury including damage to one’s reputation to a client or customer or the business, the General liability insurance will cover:

*   Lawyers’ fees.
*    The damages you owe the client.
*    The client’s or customer’s medical bills.
*    Any and other lawsuit costs.

It there fires your property insurance will cover all business property which would include desks,  chairs, computers, and any business fixtures. General liability does not cover:

* Damage to your property.
*  Employee injuries.
*  Employment disputes.
*  Damage to your vehicles.
*  Professional mistakes.

Fidelity and Crime Insurance
Covers employee fraud and dishonesty

Business Car Insurance
Business purpose only

Workers Compensation Insurance
Arizona’s Workers Compensation legislation is based upon  "no-fault" regulations.  "No-fault"  means that if an employee is injured on the job, it does not make a difference as to who caused the injury or if the damage was caused by the injured worker’s bad performance.  The injured worker cannot make a legal claim to a court and file a lawsuit against his employer, or another employee.  The compensation for the employee’s injury is limited by the rules and regulations of the Workers Compensation payment rates.

San Marcos Insurance Group Chandler, AZ, our staff is experts in this area of business or commercial insurance.  Please call!

When you first founded your business in Chandler, AZ, you didn’t need commercial insurance. Maybe you assumed you would never need insurance for your company. A lot of people start a side gig as something to help make ends meet or keep them busy on weekends, and before long, that side gig has become their main gig, and then it goes from being just a job to being a real piece of the Southwestern economic landscape. It’s sort of a mixed blessing when something that started as a hobby you pursued in the garage becomes an honest to goodness business.

So you call San Marcos Insurance Group to get coverage. You’re taking on employees and business risks, so you need to get covered. But your company just keeps growing, and it seems like once a year it’s time to call your people again and boost your insurance.

Eventually you have to make the decision as to whether you want to keep growing. It’s not just the insurance costs, it’s all of the extra responsibilities that come with a thriving business. Eventually you have to hire a legal team, IT guys, customer service reps and so on.

If you want to ride your growth as far as it will take you, just don’t neglect your insurance. When you deal with San Marcos Insurance Group, they can help to connect you to an insurer who will cover your Chandler, AZ business and bear in mind that you might not be done growing, that you could be on the phone again next year, next month, or even next week to ask for a new deal.

Most business owners have their hands full when it comes to making decisions throughout the day. In fact, the fatigue that many owners feel when they’re faced with so many choices often causes them to skip over the details and consequences of those choices. But a commercial insurance policy in Chandler, AZ isn’t something to just skim over and forget about. Find out more about the basics, so you have both eyes open before you make a crucial decision for the future of your company. 

Commercial Insurance Protects 

The bills you pay to keep your company running are likely all fairly straight-forward. Your electricity bill, water bill, property taxes: they all blend together after a while. But commercial insurance is there to protect the property and people of a business. The more you do and the more people you work with, the more liability you carry. When you take out a policy that protects you from lawsuits and thunderstorms alike, you may find yourself in a much better position should anything go wrong. The support you get from a company like San Marcos Insurance Group is meant to support and safeguard a business from as many angles as possible. 

Choosing a Partner 

From natural disasters to a run-in with a burglar, San Marcos Insurance Group is here to make it easier for business owners to keep their organizations from going under. Just one major event can cause a company to go past the point of no return, and we don’t want to see that happen to you. Our staff can ask you the right questions before pointing you in the best possible direction. Give us a call if you live in Chandler, AZ, and want to learn more about which commercial insurance policy will best serve your needs.  

At San Marcos Insurance Group, we are often asked about health insurance policies. Many people in the Chandler, AZ area wonder if they can insure just their kids under a policy, or if they have to insure themselves as well under that same policy. Here is some information you should know if you have this question.

If you are looking to only insure your child, it has gotten hard to find child only health insurance policies since Obamacare came to pass. This is because everyone is required to carry health insurance now, so theoretically, your child should be covered under the same plan that you are. However, this is not always the case. If you are looking for a child only policy, they are still available, but fewer insurers are offering them. As such, you may need to spend more time looking for them than you used to. You may also have to show that you are enrolled in a health insurance plan in order to enroll your children in a different plan. Also keep in mind that your children may be eligible for state run insurance, so be sure to look into that if you are looking for health insurance for just your children.

If you are looking to purchase a health insurance policy in the greater Chandler, AZ area, call San Marcos Insurance Group. We are an insurance brokerage firm who can help you with a wide array of insurance policies, including health insurance. We can help you find the right insurance policy for just your kids, for yourself or for your entire family. Give us a call today to get started and get the health coverage that is needed for your household.

What would you do if your business were destroyed by a fire or storm? Having sufficient commercial property insurance could offer you security during times of crisis. The San Marcos Insurance Group in Chandler, AZ understands that you cannot keep your business going after a disaster unless you are supported with the proper business insurance.

What to Do for Your Property Insurance

Take an inventory of your business items, including equipment, material, as well as the buildings specs. When you go to your insurance agent to set up property insurance, let them know whether or not you own the property. If you are renting space, some landlords may require you to have a certain minimum amount of coverage according to your rental agreement.

What Commercial Property Insurance May Cover

Depending on the type of coverage your policy details, you may have all of the following included if you need to file a claim:

• The building and the windows
• Any signage that is damaged
• Desks, chairs, and other office equipment
• Landscaping and any fencing

Additional Coverage to Consider

Because commercial property insurance normally covers only property that is at one specific business location, you may require additional coverage such as Business Interruption Coverage or Electronic Data Processing Insurance.

Business Income Interruption is optional insurance that covers lost profits and expenses while your business is closed. If you need time to remodel because of a flood, you may be able to use your business interruption insurance to replace your lost income.

Electronic Data Processing, or EDP, is property insurance that has to do with protecting computer data related to your business. Commercial property insurance has a limited policy concerning electronic data, so adding EDP you have a better chance of being covered if your system is compromised.

If you are in the Chandler, AZ area, walk into the offices of the San Marcos Insurance Group. They have knowledgeable professionals that can help you with your commercial property insurance.

Life insurance is a complicated thing if you do not know what you are looking at. For those that are looking into naming a beneficiary, there are some qualifications that you should consider. For those that live in the Chandler, AZ area, the agents with San Marcos Insurance Group can help you to find the answers that you need.

When it comes down to it, anyone can be named as the beneficiary on an insurance policy. The hang up is that you must have their social security number, address, and their legal name. You must also provide these same details for yourself. There are some full stops that keep people from randomly taking out insurance policies on you without your knowledge. Any insurance policy is going to require a signature of the person whom the policy covers.

This means that if you are taking the policy out on yourself, you simply provide your own information and then sign and name the beneficiary. If you feel that the beneficiary might be challenged, you should take your documents to a notary public that can stamp and date them and prove that both parties were present when the policy was signed.

 In most cases, an insurance company does not care who is named a beneficiary. You do however need to make sure that your beneficiary knows that they have been named and that they have access to any pertinent paperwork or information that they may need to actually collect the policy. Since insurance does not require that you be related to the person you name as the beneficiary, you want to take your time selecting them. For those in the Chandler, AZ area, the agents with San Marcos Insurance Group can help you find the perfect policy.