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Posted by: | CommentsHow Much Auto Insurance Do I Need?
Posted by: | CommentsAuto – Car – Insurance in Mesa Phoenix, AZ
What auto insurance coverages are required and what are the minimum limits I can purchase to satisfy Arizona’s financial responsibility requirements?
The required coverages in Arizona are Bodily Injury and Property Damage. The minimum required limits are $15,000 per person and $30,000 per accident for Bodily Injury and $10,000 per accident for Property Damage.
According to the Arizona Department of Insurance Website, if you are involved in an accident
you need to follow the information listed below:
Exchange information with the other driver involved:
Obtain:
Other drivers name
Address and phone number
Drivers license number and state
Insurance company name (look at their insurance card)
Policy number
Agent name and phone number
Disability Income Insurance
Posted by: | CommentsMesa AZ Disability Income Insurance
Homeowners Insurance
Posted by: | CommentsHow Much Life Insurance Do I Need?
Posted by: | CommentsHow Much Insurance Do You Need?
Enough to protect your family
and your assets.
How much life insurance do you need? This question requires careful consideration. First, ask yourself:
“If I died tomorrow, how much money would my family need?”
Life insurance reduces risk and provides security for yourself and your family’s future. To know how much insurance you need, you’ll need to consider your lifestyle and what the possible risks that could affect it. When calculating how much life insurance you need, consider the following:
- Estate Expenses
- Funeral Expenses
- Mortgage
- Loans and Debts
- Replacing Annual Income (number of years?)
- Children’s education
- Resources available at death: Savings, Stocks, Mutual Funds, Retirement Funds, Life Insurance, and Other Assets
When you think of insurance, the first that comes to mind is auto and home insurance. Replacement of these assets in the event of damage can be very costly. Most people hold auto and home insurance policies.
Life insurance is essential to many families, giving extra security if the unthinkable should happen. The loss of a breadwinner is devastating enough, without having the added stress of worrying about how to cover the bills and mortgage.
Other types of insurance are equally important. Life events such as illness, accidental injury, loss of employment income, or a death in the family can affect family security. Yet these potential risks to your lifestyle can be reduced by the right insurance planning.
Changes in lifestyle also determine the types and amount of insurance you need. The amount of life insurance that you have will likely change throughout your life, depending on your life circumstances. Some of these changes might be getting married, starting a family, changing jobs or preparing for unexpected events.
Should you have Term, Universal Life, and Permanent Life Insurance? More information on the three types of life insurance . . .
To meet modern trends, life insurance providers also offer to act as an investment vehicle, building up a sum of extra equity over the lifetime of the policy. This can be withdrawn or borrowed against, and usually offers a tax-free sum on retirement or death.
Deciding on an amount of life insurance you should have requires careful consideration. A qualified insurance representative can help you determine just how much insurance you need based on your age, your income, family circumstances and obligations, assets owned, and debts owed.
Auto Insurance
Posted by: | CommentsWhy should I buy auto insurance?
Before you can register a vehicle in Arizona, you must show proof of financial responsibility. This can be in the form of a certificate of insurance, a bond, or certificate of deposit or cash in the amount of $40,000.
