Why Millennials Need Renters Insurance

Navigating the Arizona renters insurance market can be intimidating, especially if it’s your first time dealing with insurance. Starting your adult life is stressful enough, particularly financially. Even if you choose to rent instead of buy in Mesa, it’s still important to protect your hard-earned assets. Accidents happen and that’s why you should consider purchasing renters insurance. It is an inexpensive way to provide peace of mind and know that if fire, theft, or other damage occurs inside your place, you’re covered. It’s a good precaution against the unknown. There are many advantages to renters insurance, but if a peace of mind isn’t a good enough reason, INW Insurance Group can give you a few more.

Renters Insurance is Low Cost: The average annual cost for renters insurance in Arizona is only $195, which puts your average monthly payment at $16.25. This makes renters insurance affordable regardless of where you live. Chances are you can also increase your coverage for just a few bucks more.

Covers Property: Renters insurance covers the contents of a home including clothing, furniture, and electronics. As a rough guide to the dollar amount of coverage you should buy, add up the cost to replace all the major items in your home: appliances you own, computers, other electronics and furniture, and then double that amount.

Sometimes it is Required: Although renters insurance is not usually required by the terms of some leases, you may be required to have insurance to cover your liability exposure if someone is injured on the premises, or if damages occur from items owned by you, such as waterbeds. The landlord can, in fact, require you to have liability insurance. When signing a new lease or after proper legal notice for a month-to-month rental agreement, the landlord can even lawfully change the terms of the agreement to require renters insurance. This may be particularly important if you have animals, or if the property contains a pool.

Provides Liability Coverage: The liability component might be the biggest reason to get renters insurance because it can protect you from financial loss. Renters insurance can cover you in a lawsuit if someone injured in you home. Some common liability cases include:

  • Dog bites
  • General pet damage
  • Slip and fall
  • Causing a leak or fire in another residence
  • Accidentally injuring another person
  • Libel

Additional Living Expenses: Another feature included in most renters insurance policies is called additional living expenses coverage. If you can’t stay in your apartment after a fire, burst pipe, or other disaster, this coverage will pay for temporary lodging.

Covers Belongings When You Travel: If your luggage is stolen while on vacation, for instance, some policies will reimburse your losses, and it is common practice for insurance companies to cover belongings stolen from your car.

It is important that you take your time and find the right policy. Our agents here at INW Insurance Group will be more than happy to help you find the best rate with the quality coverage you need.

Don’t Get Burned by Cheap Insurance

From shopping for insurance to everyday groceries and everything in between, it’s often tempting to purchase the cheapest option. After all, the average American spends $5,261, or 12% of their annual income, on home, health, life, and auto insurance per year according to a NerdWallet study. However, choosing the less expensive product or service often goes hand in hand with sacrificing quality. With INW Insurance Group located in Mesa, AZ, that doesn’t have to be the case. Knowing the difference between inexpensive and cheap insurance lets you shop smarter, make informed decisions, and get the quality you deserve at a price you can afford.

Cheap insurance often means settling for inadequate coverage, or worse, no coverage at all. According to the National Association of Insurance Commissioners, 144 fake insurers sold fake health insurance to more than 200,000 policyholders nationwide between 2000 and 2002, resulting in more than $252 million in unpaid claims. Unfortunately, health insurance wasn’t the only type of fraud insurance being sold. There are still numerous companies selling fake auto, homeowners, and rental insurance today.

Cheap insurance could also mean extremely limited options. Even if you have a trustworthy insurer, extremely cheap insurance often has many restrictions that prevents you from being covered in times of need. In the event of a natural disaster or tragic accident, cheap policies will not likely allow you to rebuild in the future. That’s why it’s so important to find a trusted and reliable insurance company, like INW Insurance Group, to help suit your needs.

To prevent you from being burned by cheap insurance, it’s important to research your insurer to make sure they’re the real deal and read your policy thoroughly. Start thinking about worst case scenarios, and double check that you are covered. What matters most is you know exactly what type of scenarios your policy covers—and those it doesn’t.

When you value something, it’s important to protect it. Avoid the temptations and scams of cheap insurance and let our team of agents at INW Insurance Group help you find the perfect policy that fits your lifestyle and budget today. Because as we all know, peace of mind is invaluable.

Do You Value Your Valuables?

Are you certain about what would happen if you lost your ring, a diamond fell out of your jewelry, or if it was stolen.  Many people see the large amount of coverage listed under “Personal Property” and assume they have enough coverage.  Specialty items such as Jewelry, Memorabilia, Collectibles, Sports Equipment, and Musical Instruments have stringent limits on a standard policy.  Review your policy and talk with your professional insurance agent (not the kid answering the phone at a mail order or electronic insurance company).  Your professional insurance agent will guide you through the coverage provided by your specific insurance policy and what may be needed to properly cover your valuable items.  Policies will be very limited to the amount of coverage provided, they type of loss covered, and your deductible will apply.  The advantage to Scheduled Personal Property or an Endorsement, that that Comprehensive Perils or All Risk coverage will apply, as well as a zero deductible.  If you have a wedding ring stolen for example, many policies will limit theft coverage to $1500.  If you have a $1000 deductible, you would receive a settlement of $500.  What if that ring is valued at $5000 or $10,000?  You would be devastated.  The same applies to collectibles, antiques, sporting equipment, musical equipment.

 

Jewelry and Guns, are the top items covered and are the most expensive items to insure, however are still very affordable for the sense of security you are provided in the event of nearly any type of loss.  They can average $8 to $10 per year per thousand dollars of coverage.  Musical instruments and sporting equipment are next on the list and are much less to insure. I for example insure my golf clubs I pay less than $10 a year for the security of 100% coverage.

 

To protect yourself and satisfy the requirements of some insurance carriers, get a current appraisal on items valued over $5000 and keep purchase information for lower value items.  Insurance carriers will have various requirements for the limit at which they require an appraisal.  Most are around $10,000, however having this information at home and your insurance agent’s office can prove helpful.  The last thing you want to worry about at the time of a loss is finding paperwork or trying to prove the value of what you had.

 

Here are some important things to discuss with your agent regarding the coverage of your valuable items.

  • Is there a deductible?
  • Is an appraisal required prior to obtaining insurance?
  • Are the items covered no matter where they take place? Would the policy cover you for a loss that occurs during domestic or international travel?
  • Are items covered for full replacement cost? Must you replace the item, or can you obtain a cash settlement?
  • Does the policy cover repairs to damaged jewelry?

 

Please feel free to add to the discussion, share your experience, or ask me a question.  Thanks for reading.

Safe Holiday Shopping

With the new age of holiday shopping upon us, it is important that you know how to stay safe online and while shopping. First let’s go over some online shopping tips that can prevent you from having information stolen.

Make sure to shop on familiar websites, avoid links that you do not recognize and avoid websites with mostly negative reviews. A website can look professional and legitimate, but it could be a phishing site to steal your information. How do you know which sites to trust?

When searching for a store’s site, ensure the URL (website address) matches the name exactly. For example, I searched for INW Insurance. One result (below) indicates INW Insurance Group in the description, however the URL indicates a Yahoo site.

Always look closely at the description and be wary of search results that have “Ad” in front of them. To ensure you are on a secure site to shop, make certain the site address begins with “HTTPS” versus just “HTTP”. At the top of the page where the URL is, be a lock symbol, the word “secure” or the address bar will be green, depending on the browser used. If the site is not secure, then reconsider inputting payment information.

What about store shopping? Use the following tips to stay safe while out. Shop during the day as much as possible and avoid secluded parking areas, especially at night. Park close to the door where it is busy and well lit.Do not wear flashy jewelry or carry an expensive hand bag as this will gain attention from crooks.

Note where you parked as to avoid wandering when returning to your vehicle. As you are walking to your vehicle, remain observant and not distracted by a cell phone. Have your keys in hand with a finger on the panic button. Be aware of cars parked close to you, large trucks or vans next to you, vehicles with dark tint, or someone sitting in a car next to yours. It may be safer to go back inside and ask to be escorted to your vehicle.

Once in your vehicle, lock your doors and leave. No phone calls, texts, or radios station searches. Burglars often use the time when you first enter your vehicle to their advantage.

Please be safe whether on line or out at the stores.

Cheap Insurance or Quality Insurance?

Think back ten or fifteen years. Did you think you were going to be a homeowner, have multiple vehicles or have kids running around the yard? It probably wasn’t on the top of your mind, but now it’s your whole world. Why would you want cheap insurance protection for everything you have worked so hard for? You are living a quality life, you should have quality protection.

What is your quality of life worth? Isn’t it worth spending more than a few minutes to properly protect what you’ve worked so hard for here in Arizona? When you purchased your home did you walk into a real estate office, close your eyes and ask for the cheapest home without concern for location, quality and options. When you purchased your current vehicle, did you walk into the dealership, close your eyes and ask for the cheapest car without regard to body style, color, options and safety features. Most likely, your answer is no. Therefore, why would you protect these items in such a way? When you go online or call a toll-free number looking for cheap insurance, that’s what you’re doing.

Here at INW Insurance Group, our goal is to carefully evaluate your coverage needs to find you the best options while still saving you money. INW Insurance is an independent agency working with top-rated insurance carriers. We do the shopping for you and eliminate the worry of having quality coverage in Arizona. That’s why INW stands for “I’m Not Worried”.

Here are some tips to save money on quality Arizona insurance.

  • Consider increasing your deductibles, as sometimes this may reduce your premiums up to 15%.
  • Ask about safe driving programs. These will evaluate specific driving habits over a short period to determine safe driver discounts up to 30%.
  • Consider paying your premium in full or setting up a monthly checking account draft as these provide a lower premium compared to other payment options.

You can save money without sacrificing quality insurance coverage by speaking with an INW Insurance Professional today.

Protecting Our Community Heroes

Did you know that INW Insurance offers special discounts and rates for those that serve and protect our community in Mesa, AZ? Not only do we serve those in our own community but we can get you these great rates no matter where you live in Arizona. INW Insurance has you covered. This can include teachers, policemen, firemen, military, and government personnel. These are the people that not only protect our community but also shape our future. Our agents here at INW Insurance want to find the best way to give back, so we are now offering lower rates and special discounts as a token of our gratitude.

There are several community heroes that go unnoticed or unrecognized every day. It is our mission to not only recognize these heroes for what they do on a regular basis, but to spread awareness of what they do for our community. We aim to do this in many ways, the first, obviously by being able to provide discounts on their insurance. The second is community involvement, we believe that by actively volunteering our time in the community is the best way to show our appreciation to local heroes. There are very few limitations and there are a wide variety of jobs that can get you significant discounts on your insurance.

We want to know what our community in Mesa does to support our local heroes. You might be part of a charity organization, you might volunteer your time, a family member might be a hero themselves, whatever it may be, we want to know about it! You can leave a comment below or post a comment on our Facebook! Let’s show some support for our community heroes!

Facts on Auto Gap Coverage

Insurance companies vs. car dealerships for guaranteed asset protection, or GAP policies, which cover the difference between a vehicle’s loan balance and its cash value if the vehicle is stolen or totaled.

Dealer Says: No deductible on our Policy

There is no deductible on most gap policies, however the primary insurance policy has a deductible.  GAP on your insurance policy can cost $8 – $22 per year for three to four years. GAP sold by the dealership will cost $600 – $1,200 and you’ll pay interest on that as it is added to your loan. GAP at the dealership is sold by a third-party insurance vendor. In the event of a total loss, you may be in the middle of a battle between your insurance company and the dealer’s GAP company. If your GAP is with your own insurance, this is all settled in house without delays. So yes, your deductible may be waived with the dealership’s GAP, but is it worth as much as $1,500.00 when you may pay as little as $32 through your insurance policy?

Dealer Says: No Impact on Insurance Rates When You Make a Claim With us

You cannot have a GAP claim without a total loss claim. If you have a total loss, the claim is already filed on your primary policy and a GAP claim is irrelevant. The impact on future insurance rates will be the same for a total loss, whether you have the GAP coverage through the dealership or your own insurance.

Dealer Says: No Risk of Cancellation Due to Claim on Their GAP Coverage

As above, the GAP claim is irrelevant, regardless of where the GAP coverage lies and some states do not allow a “cancellation” due to claims.

Dealer Says: You Have the Freedom to Switch Insurers if You Choose Their GAP

GAP is not needed for the life of the loan. You can remove gap coverage from your insurance policy anytime you want. It is only needed until you no longer owe more than the vehicle is worth. In most cases, gap is only needed for the first three or four years of the loan and some carriers will allow GAP if you have it on a previous policy.

Dealer Says: Insurance Companies Will Most Likely “Fix” Total Loss Vehicles

GAP has nothing to do with the cost of repair versus the cost of replacement. The insurance company will only fix a vehicle if it is safe to do so and if the repairs do not meet or exceed a threshold of repair cost to Actual Cash Value.

Everyone should verify laws within their own state, read all information available, and ask plenty of questions in order to make an informed decision regarding GAP coverage for themselves.

Pet Insurance and Wedding Insurance

Everyone knows about home and auto insurance, but what about wedding insurance and pet insurance? Surprisingly, there is such thing as wedding insurance and pet insurance! It may be something to consider. Let’s look at the facts:

The average wedding cost in Mesa, AZ is $24,859, making your special day very expensive. What happens when your big day gets canceled or great grandma Mary trips and falls? INW Insurance Group has a few different options you might consider for wedding insurance. There is wedding insurance itself which covers everything from cancellations to lost deposits. It also covers any fees you may have already paid to your vendors, which is a huge plus!

Liability and alcohol liability are also equally important in Mesa, AZ to protect you from any lawsuits, which sounds crazy, but it happens! You will want this coverage even if the venue doesn’t already require it. There is a lot more to getting hitched than you thought!

INW Insurance is a great place to start for any large event insurance coverage in Mesa, AZ. If you have any questions on wedding or large event insurance give us a call and we will be happy to point you in the right direction.

If you are anything like us and treat your pets like family, pet insurance might be something to consider. Pet policies cover just about everything you could get for yourself. They have basic health coverage, which covers visits to the vet, accidents, and some types of medication (of course it depends on the coverage you decide on.) Here are some tips from the pros to help you decide what pet insurance is right for your pet:

  • Find out how different carriers define and handle pre-existing conditions.
  • In some cases, insurance providers will not insure a specific breed of pet or may limit the number of pets you can insure, if they consider them “high risk.”
  • Some providers will give multiple pet discounts.
  • Co-pays, deductibles, add-on charges and other fees, should be clearly explained to you so you fully understand the policy and its limitations.

Why We Love Being Insurance Agents

Why We Love Being Insurance Agents

There are a few things that brought us to the insurance business, but many things that keep us here, serving you in Mesa, AZ. For many, insurance is just get your money and move on. That is why so many agents sell you the cheapest possible price. For us, being an insurance agent is more. It is about you, your family, protection and a relationship built on trust. What we do directly affects your quality of life, so we care about our customers like we do our own family. Check out some other reasons as to why we love what we do here at INW Insurance.

We Work For You!

One of the biggest things that we love about our job here at INW Insurance is that we aren’t directed by anyone but our clients.  As independent agents, we work for you, not the insurance company. This makes all the difference regarding choice and flexibility for you.  After all, it is all about you.

We Want to Help People Everyday

We love what we do because we get to help people every day here in Mesa, AZ. Not only do we find our customers the best quality insurance, we provide peace of mind that they are taken care of. When you help people every day, there is so much joy in what you do.

We Provide What Everyone Needs

Being an insurance agent for INW Insurance Group is something we can absolutely stand behind because insurance is something everyone needs. Why not make your insurance shopping a great experience by contacting INW Insurance? Because we aim to make your buying experience, exceptional.

Integrity Pays Off

We are in the business of building trust. You are trusting us to insure your home, vehicles and well-being. Why wouldn’t you want to know your insurance agent personally? We want to know you! We serve our community of Mesa, AZ with all our hearts and we provide you high quality service that sets us apart from others.

All in all, we cannot imagine doing anything else! Being an insurance agent allows us to do what we love which is helping people just like you.