YOUR INSURANCE CONNECTION

Wesley Knight 0:00
This is a KU NV studios original program. The following is a paid program sponsored by your insurance connection. The content of this program does not reflect the views or opinions of 91.5 jazz and more the University of Nevada, Las Vegas, or the Board of Regents of the Nevada System of Higher Education.

Donald Marquez 0:22
Dave Good morning. This is your insurance connection. I'm your host. Donald Marquez, on your insurance connection, we talk about saving money on auto insurance, homeowner's insurance, yes, and we talk about life insurance. Welcome to the show you. Good

Donald Marquez 0:46
morning. My name is Don Marquez. This is another edition of your insurance connection, LLC, broadcasting right here at KU NV, 91.5 jazz and more. Early Sunday morning, from 8am to 830 Welcome. Welcome to the show. Keep it locked right here at a 91.5 jazz and more, with valuable information about insurance. I'm a licensed insurance agent broker. I just picked up another company for for auto insurance is, you know, travelers is back in Nevada, which I can write home and auto insurance. What I really like about Travelers Insurance and also Safeco. These two companies offer me the option of having a 12 month policy on your auto insurance when you pay in full for the 12 month period, you do save a significant amount. You know, we can compare a race to, you know, I would need your declaration page on your auto insurance policy to see what current coverages you are currently carrying. And why is that important? Because I want to make sure that you know we're comparing coverages. We want to I want to make sure that what I'm looking at is is everything that you need to have on your policy. For an example, your lien holder. It would have your lien holder information. If you owe money on your vehicle, it'll give you the lien holder information. And also, I want to see coverages. I want to see what some people don't carry uninsured motorist, some people don't carry medical and I'm going to recommend what your coverages should be. Now, if you're a homeowner, I don't recommend you carrying the minimum state requirements. Let's bump those up a little bit. Let's bump those coverages up a little bit to cover your liability. Things do happen. They've happened to me. I've experienced is even as an insurance agent, where I said, Oh God, I'm glad I had higher limits of liability on my insurance coverages. Things do happen. I was in car accident, and also it was a boating incident that I had on the lake when, again, I'm glad I had higher limits of liability to cover the incidents. You know, then it's never fun when when someone is injured as a result of your fault, or maybe even not your fault, you want to make sure that you have the coverages to cover your liability, or if you hit someone, and now you know they have to go to the hospital, you know they out of work, and you don't have enough car insurance coverage to cover their liability. You could be, you could be liable for, for additional damages, for additional monies you have to pay out every single month. And I've seen it, and I'm saying this because I've seen it, and the insurance companies are protected for, for an example, if you have minimum state requirements on your bodily injury, on your auto insurance policy, and let's say their their injuries are in $100,000 range, and you have a minimum of 25,000 per person, 50,000 each incident. You know that, and it goes to 100,000 the judge may award them. If it goes to court, the judge could award them that additional 50,000 you may have to pay out of your pocket because you didn't carry enough coverages on your auto insurance policy. This happens. I've seen it happen, and the insurance companies are not on the hook. Now, when people say, I have full coverage, that no, no, you don't know. You don't now, especially if you're carrying the minimum requirements. You're not fully covered. You're partially covered. Now you're carrying the collision and the comprehensive to cover damage to others, but again, if the bodily injury exceeds your policy limits, you're not fully covered for that, you could be liable. My name is Don Marquez for more information. My contact phone number is 702-236-2624 702-236-2624 my business hours are Monday through Friday, from 10am to 5pm located Sahara Rancho in the US bank center. Or eighth floor. I work by appointment, 702-236-2624, now you can put your my number in your in your phone. You could text me, I'll reply. Give you a call back. We can set up an appointment. I work by appointment. Sometimes people that just they show up in my office. Sometimes I'm there, sometimes I'm not. I do work. I have different locations I work. I work from home. I have an office at home, which everything is on right here, all my policies via phone. And some people like that, you know, they like the convenience of you know, I had to get in my car and drive over to his office. Save that gas, save that time, especially if it's an auto insurance policy. That's easy. Homeowners, auto, renters, let's do all of that over the phone. That's quick, easy, simple. And you know, if you want to stay in your pajamas, that's fine. I can write a policy, you know, from the comfort of your home and the comfort of my home, and if you need to come in, that's fine. 702-236-2625, oh, 22362624, I know some people, you know that they like the face to face, which I don't mind that. I don't I don't mind meeting you. But you know, post covid, the insurance companies have made it very convenient for us to work, work from home, and which is all right with me, or I do have an office, and you can meet in. My office is right on the corner of Sahara Rancho in the US bank center, 2300, 2300, West Sahara Avenue. I'm one block west of the I 15. Palace station hotel and casinos are right across the street, and Chick fil A is on the opposite corner, right on the corner Sahara Rancho, US Bank building, tall, brown building. I'm located on the eighth floor, a by appointment. Again, 702-236-2624, my email address, if you'd like to email me, is Donald d o n, a, l, D, dot Marquez, M, A, R, Q, U, E, z@outlook.com, e@outlook.com that's donald.marquez@outlook.com and if you want to check on me through the Division of Insurance, no complaints in 30 years. I'm proud to say that no complaints. I am licensed in the state of Nevada for home and auto insurance and life insurance, for life insurance. I'm licensed in California, Louisiana, Texas, Michigan, for home and auto. I'm licensed in 48 states, with the exception of California and New York. 48 states, yes, I'm licensed for home and auto. 48 states, both motorcycle insurance and 48 states, let's so let's cut into it now. Now the auto insurance. I was talking about the auto insurance, and I'm happy to say that I have two companies right now. The right will write home and auto, and they'll give the home and auto home discounts, auto auto discounts to home. Now, if you have a homeowner's insurance policy and it just recently renewed, now you'll still receive a discount for the for the home and auto, but it won't be the multi policy discount. Now, if I've talked to people, you have to understand your mortgage company has an escrow account built for you for your taxes and insurance. I bill your escrow account for the homeowner's insurance policy. You know, because I've talked to people on the phone, and they think their home and auto is together. They're not. They discount each other because you get their multi policy discount, but the home and auto us two separate insurance policies. Now, for an example, if your homeowners just renewed in January, right, had this conversation just a couple days ago, your homeowners insure insurance renewed in January is paid for 12 full months. Your escrow account is not going to pay two insurance policies for the for within 12 months. So we may have to wait until next year to give you the home and auto discount, unless you're willing to to make that change now. Now, every snapshot is different. Every customer I speak with is different. Some people like, you know, I want that discount now, and I'm willing to pay the difference what the insurance company is going to reimburse me when I cancel my homeowner's insurance, they're willing to pay the difference. Or most people just say, Well, you know what? I'll switch over when I'm notified that my homeowner's insurance policy is going to renew. This is why it's important. I would like to look at your declaration page, and it tells me, on your home and auto when your effective dates are now, what is the difference between an effective date and the date your policy insurance is due. Now a lot of insurance companies make accommodations, because sometimes your pay dates won't fall on the same date as your effective date of your auto insurance policy, or even on your homeowners insurance, on your renewal. So what they'll do on especially with the auto they'll adjust the date for you. Let's for an example. Let's say you Your effective date is on on the first. First, but you can't pay it until the eighth. So your your payment due date is on the eighth of each month because they made that accommodation. But your really effective date is on this on the first of each month. And when I write a policy, I want to know what your effective date is, not when your due date is, because that is good that could cause a lapse in coverage, and

Donald Marquez 10:26
you don't want to lapse in coverage, because the department motor vehicle, they charge a lot of money for every car that laps on your auto insurance policy. For an example, I've seen what people lapse because you know, when you cancel a policy to go to a new insurance company. This is why the effective date is so important, because you do not want to create a lapse of coverage. Now, if you're on the phone, you're quote. You know you're getting quotes. And I know people do this all the time, and they tell them what the payment due date is, not knowing what the effective date is, because some people just don't read the policy. Now, of course, an insurance agent. Well, okay, without asking you when it when is your effective date? Okay, we'll start the policy today. Call your insurance company and cancel the policy, because now you have a new, new policy. As insurance professionals, we cannot call your insurance company, your current insurance company, cancel that policy, and for the new policy, we cannot do that. You have to do that because a lot of companies will take a verbal statement, or they record a statement from you by recording that way they're covered, just in case there's any losses between the time you cancel the policy and the time the new policy started. Now, when you cancel policy, and you're canceling a policy on the due date for the payment, and it's not the effective date, you could create a lapse in coverage, and it's about $250 per vehicle. So add it up. If you have three cars, that's a significant lapse. That's a lapse in coverage of your insurance. For more information, my name is Don Marquez. This is your insurance connection broadcasting right here at KU NV, 91.5 jazz and more Sunday morning, from 8am to 830 every Sunday, I've been over here about three years and a little bit more. Right now, I want to thank the customers that have contacted me and the listeners that listen to KU NV every week, 91.5 jazz and more have came in and we sat down and we talked about your insurance I offer no obligation reviews. That means you bring your policies in. Now I can pull up some information on your auto insurance policy, some information on your homeowners insurance policy, but I'd rather see your declaration page so we can compare coverages and with the homeowners policies. Unfortunately, in the state of Nevada, I've seen a lot of homes that are under insured. Now we do not go by the value of your house. We do not when we evaluate the coverage for your home, it's not what your house is worth. That's a misunderstanding. It is what the cost to rebuild your home, the construction cost, the cost of labor and the cost of materials. That's how we determine what is the dwelling amount on your homeowner's insurance policy? Well, my house is worth so much, so much, so much. And this is because, you know, and not knocking other agents out there. But I was taught the old school way 30 years ago through Allstate Insurance Company. I started with Allstate Insurance company back in 1997 I went to school in 96 received my license in 1996 I started first of the year with Allstate in 1997 so a lot of education there, through Allstate Insurance Company. Stayed there for seven years with my own agency. Just to give you a little background history about me, went to triple A insurance company, stayed there long enough to retire. I retired in 2015 after a long, you know, long career with triple A, learned a lot with both companies, but I wanted to be a broker. And the reason why I wanted to be a broker because I could only with Allstate and AAA only sell their products and services, only sell their products and services. So if you add a few claims on your house, those companies could say, well, you know what? Too many claims. We don't want to write the business. I would pick up the phone each and every time I will call a broker. A broker would say, No problem. I can write the business. I'm like, Okay, I call them up for people that need life insurance, a broker. Call a broker up our you know, my company have turned them down because they have diabetes or they have lupus or on dialysis or they have their own blood thinners, right? My company have turned them down. Can you write them? I have the home and auto. I just, I just need you to write to the insurance, the life insurance. They said, No problem. I won't touch the home and auto, but I will write the life insurance. This is how I used to service my customers. This is why I said I'm an old student, old school insurance agent, because number one, I listen, and number two, I'm gonna go. Of the coverage is line by line, so you understand what you're paying for. Don't just continue to say, I have full coverage on my auto insurance, thinking I'm good, and you may not be good if you if you're in an accident, and quickly find out your cut rate coverages is not going to cover you for certain damages. And don't think because you've never been in a car accident, or you've never had to file a claim on your house. This is not gonna happen to you. This happens to other people. Well, you other people too. Welcome to the real world. You're other people too. Don't think you live in this bubble where things don't can't happen to you. If you have a dog, right? And your dog runs out and bites someone, or even dog fright. This has happened and your dog bites someone, you could be liable. Or, you know, let's say you you have a dog that's not on the list, that approved list, that the homeowner's insurance or the renter's insurance policy will pay for. Now we're talking about dogs that Rottweilers, pit bulls. You know, those dogs may or may not be covered under your homeowners or renters insurance policy. Now here's another one on your homeowners insurance policy that people don't know because you don't read it, you get you see what it costs. Okay, it costs me this much money a year. You know your deductible, some of you do, some of you don't. And then, okay, well, you know, it's already taken care of through my mortgage. I'm not gonna worry about it. I'm good. But see, I'll go a little further beyond that. I want to look at your coverages, your exclusions. See what you're excluded. And some of these insurance companies for homeowners insurance policies, because they didn't they know you don't read the information that within the declaration page, they exclude water water losses. Now we're not talking about your water heater now, but if your water heater does break and it causes other damages, like mold and fungi that could be covered on your homeowners insurance policy or not. Now, if you have a leak and you have a pre existing condition and you don't do anything about it, in other words, the leak gets worse and worse and worse. They can deny you coverages. The homeowner's insurance renter's insurance company can deny you coverages because you have a pre existing condition and you didn't do anything about it. This is News You Can Use. My name is Don Marquez. I'm a licensing agent. I like to talk to people, whoever your coverage is, line by line, make you fully aware of what you paying for. Now, is that important? I think so. If I'm if I'm buying, paying for something every single month. And you know, car insurance is not inexpensive in the state of Nevada, as we all know, but you have no idea what you're paying for. And just don't say it's full coverage on your home. Well, I'm good, because it's mine. You know, my mortgage escrow account takes care of that, and I'm I'm on cruise control, but when something happens quickly, you find out you're not covered. I had a gentleman contact me one day, and he listened to the program. He had a swimming pool that was empty. Unfortunately, someone fell in the empty swimming pool right, broke their leg, and the deep end of the swimming pool, it was empty, and he was upset because the insurance company wouldn't pay for it. Well, they simply asked him, How long was the How long was the water out of the pool? That was out of the pool for quite some time, right? And he said, Well, you know, I didn't want the water in the pool. I wanted the water bill anymore. The pumps are broke, so I just drain the pool, not putting the fence up around the pool. See, these are exclusions that sometimes, you know, you won't get compensated for. We have to be wise about what we're paying for when we create a situation that could cause harm to others, that could be, you know, liability, damage to have to be paid out. It's either gonna be paid out through you or the insurance company. For more information, my name is Don Marquez. It's news. You could use 702-236-2624 702-236-2624

Donald Marquez 19:10
now this is the new year 2026 we all getting a little older. We all need the peace of mind knowing that when that day comes and it comes for all of us, do we have a house in order? Do you have your life insurance policy? Do you have a life insurance policy will take care of those final expenses? And what are final expenses? Funerals today, anywhere from 15 to $20,000 all day, every day, we're talking about a full service, you know, because you have to buy the casket, the container or the vault, put the put the casket in or even urn. If you put a bear in the urn in the ground, it needs to go in a vault or container. And they have options for you at the at the mortuary. They do because they want all your money at the mortuary. And the thing about going into mortuary to take care. Final expenses for loved ones that you know, you have to pay all the money up front. You have to pay the money up front, and you cannot. And I've heard this, and I have to say this, it was some individuals contacted me and said, You know what, we heard you on the radio over at 91.5k un V, we were trying to bury my mother. And you know, we don't have the money to bury my mother, but can we use my mother's credit cards to bury her? No, that's a no. You know, when they tried, I said, Well, you can try and find out, but I seriously doubt it, because the deceased, you cannot use deceased credit card. Now, it may sound funny to you, but I hear, Oh, you can imagine, you cannot imagine the phone calls I received because people don't know people don't know final expenses. What is final expense? Final expense is paying for that very expensive funeral that you have to have all the money up front and to pay for a final expense, a funeral with a final expense, life insurance policy. Only thing you need to do have the policy up to date on the payments. When that happens, your loved ones take your life insurance policy, and your beneficiaries take your life insurance policy and into the mortuary, and they give it to them. They'll take their portion out for the pay to for the funeral. They'll take their portion out the balance on the policy will be given to the beneficiary, or the beneficiaries after you receive the death certificate, and that's all tax free. Now some life insurance companies, knowing you know the deceased is, who that person is, they will forward the death the benefit quicker without the death certificate, but, but they want to know the cause of death. Now, if you've had your policy over two years, more than likely, you know, they will say, okay, you know what. There's verified through the mortuary. The balance on the policy will forward to the beneficiaries, or the beneficiary immediately, because you know you need to take care of the final expenses. When it comes to going to these mortuaries, you know, they want all the money up front. I cannot stress enough how stressful it is going into the mortuary with no way to pay for a final expense. That's a lot of stress. That's a lot of stress. And men out there, I got to tell you, I'll see 10 customers, and seven out of 10 are women, because they want to come in take care of their final expenses to make sure they're good when that day comes, and it comes for all of us, no one lives forever now the whole life policy is to age 100 like rates and benefits are locked in for the life of the policy. It gives your family the peace of mind that they need when that day comes. You can, I can write a policy for final expense, up to $50,000 up to $50,000 I can do it in 20 minutes over the phone, or if you come into my office with an appointment, we can sit there and I can show you your different options with up to $50,000 up to 85 years young. My name is Dave Marquez. This is your insurance connection. 702-236-2624 702-236-2624 now when you apply for a final expense, life insurance policy keeps in mind it builds cash value. There's no filling physical exam required. There's no physical physical exam required, and in most cases, coverage starts right away. Coverage starts right away. Now I've had this question as, if you own a policy there's a two year wait policy and there, and there are certain reasons why you get a policy that's two year wait now, and everyone is different. Now, if you do have a policy that's two year wait, you don't lose the money. You receive as a beneficiary. You receive all the money back plus 10% interest. You know, you receive all the money back plus 10% interest. So it's not a lose, lose, maybe in your health condition, because maybe you have dialysis. But you know what? You have dialysis, the life insurance company is not turning you down for life insurance. They're just saying it's a two year period, and now 24 months in a day. Now, upon your passing, the full face them out. We'll go to your beneficiaries. My name is John Marquez. This is your insurance connection. I'll make it very simple, very easy. You don't have to worry about all the you know me using language that you don't quite understand. I break it down. I show you step by step, or talk to you on the phone step by step to give you the peace of mind your family needs. I'll make it affordable. What I like to know what, what medications you're taking, what's your budget. And we move forward. We move forward. I can write a policy up to 85 years young. My name is Don Marquez, 702-236-2624, is my contact phone number. My email address is Don. No.marquez@outlook.com you know, I'm real easy to talk to. Make it simple. Make it easy to communicate. You know, people like, well, you know, I'll call him eventually, you know, you know, not right now, I don't want to talk about, you know, family members get together. And we had that we just the Christmas, New Year's, you know, a lot of holidays, Super Bowl people get together, but then on these get together times that we have spent together. You know, we need to find out what's going on with our loved ones, especially as they age. You know, when it comes to death. It doesn't discriminate. You know, I've seen babies, yeah, people call me and say, you know, I lost my baby. And I write policies. If you have children, I put children on riders on your life insurance policy. Now, the children doesn't have to take a physical, but when they turn 25 they spin off on their own life insurance policy. Now, if you need a larger life insurance policy, other than $50,000 coverage, I have those two as well, though, that will start at $100,000 in coverage, and up until as high as you want to go, I'm, you know, I'm working on a policy right now. I think it's like $3 million yeah, I can write that, but you do have to qualify for those type of policies, and you have to be willing to make the premium payments. I had a young man. He was 22 years young. He called me, he said, You know, I have a young family, and I want to get a million dollars worth of life insurance. And when he did the math, it made a lot of sense to him. He said, I'm 22 years young. I have a young family, and I just got married. My wife's pregnant, you know, we're looking at buying a house, when a few years buying a house, pretty good careers with graduates of UNLV, you know, got married young, young family. I want our listen to your program. I've listened to your program. And my wife and I, we did the math, and it makes sense for us to get a million dollars worth of life insurance on each other at a low rate. And he was surprised what it cost him over time. What would cost him now? He did the math. He said, Okay, if I tried to save a million dollars, you know, and the banks don't give you any money. As far as when it comes to interest there's nothing, very, very little they give you when it comes to interest rates. But he said it made sense to me, I could never save a million dollars based on what I'm paying the premium on this policy. My name is Don Marquez, broadcasting right here at KU NV, 91.5 jazz and more public radio right here in Southern Nevada, 702-236-2624, we'll do this again next week. Until then, everyone be safe out there and just keep it crispy. You.

Transcribed by https://otter.ai