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
You 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.

Donald Marquez 0:45
Good morning. My name is Don Marquez. This is your insurance connection. Broadcasting at KU NV, 91.5 jazz and more. Early Sunday morning. Thank you so much for tuning in. I really want to thank the listeners that contacted me last week and came in and talked about their insurance concerns. Thank you so much for your continued support right here. KU nv 91.5 jazz and more. I am a licensed insurance broker offering valuable information on insurance. You know what you need to know, so keep me locked right here. Turn me up because there's always interesting information that I share with my listening audience right here at KU and V 91 590, 1.5 jazz and more. Let's get right to it. It's brought to my attention. And there's always people that's concerned about the differences between all the difference insurance, the term insurance, the whole life insurance, the universal life insurance, the what is that? What are they and how do how do they work? I was talking to a client just the other day, and he was telling me that, you know, he goes online and look at the ratings of different companies, and you know, the one of the biggest complaints about, what I see when people complain about when they rate you as an insurance carrier, is people don't quite understand what they're purchasing. And I say this all the time, if you just buying insurance for the price you're getting, what what you pay for, you're not really considering what you're purchasing, the benefits that comes with a life insurance policy or auto insurance policy, or the exclusions. You have to understand there are exclusions based on the rate that you pay for. What is an exclusion? Well, for instance, for auto insurance, if you exclude roadside assistance, or if you exclude a rental car reimbursement, or if you exclude medical and then you think you have full coverage on your auto insurance policy, you excluded these coverages because these are coverages that will complete your policy and be in a full a full policy, you know full coverage policy, so don't think that because you have collision and comprehensive on your auto insurance policy, that's full coverage. So by making exclusions, of course, the price is reduced on your insurance coverages, just like any insurance that you purchase, even on your homeowner's insurance, which we'll get into that a little bit on your homeowner's insurance policy. I mean, I remember probably about 20 years ago, I was in my office at AAA, and a young lady came in, and she just paid cash for a condo, paid cash for it. And she said, I want you to insure my condo. No problem. How many square feet? 1800 square feet, two car garage, all right, no problem. And she said, and I told her, okay, these are your coverages. Broke it down, line by line, right? Like I always do, so you understand what purchase, what you're purchasing. When it comes to insurance coverages, there are coverages that you are buying. So don't take for granted you're fully covered, because you may or may not be. Most people in this city is not covered for earthquake Omaha on a homeowner's policy, and some policies on a homeowner's policy do exclude inside flood. So keep that in mind, it's always good to read your policy. She asked me, the customer asked me to put only $6,000 worth of coverage on her townhouse. I said, Well, I can't do that. She said, No, no, no, I just only want $6,000 worth of insurance coverage on a home you just paid cash for that was worth a little about a little bit close to $350,000 Okay, that's that, you know, that was the estimate, estimate to rebuild the home, around $350,000 on a total loss. I told her, No, all business is not good business. So I told her, No. She got a little upset with me, because. Because I would not write the policy for $6,000 worth of homeowners protection. And I explained to her and listened to me, so this is the reason why I can't do that. First of all, I wouldn't do that. Ethics tell me not to do that, because your home has value. It a lot more, not on the appraised value of the house, on the rebuild of the house on a total loss or even a partial loss. $6,000 doesn't go very far. Well, my underwriters would not allow me to submit a piece of business like that, and it would go through underwriting. It would never go through underwriting. Underwriting would reject it and question me my ethics. Why am I writing a policy for only $6,000 in my position, I'm in a position of trust. I'm in the judiciary position of trust to make sure the information I'm giving you is is the accurate to the best of my knowledge, which I've had this knowledge education for the last 30 years, and learning all the time and learning all the time. I look out for my customers. I look out for your for your needs, for your insurance. I offer you the best, the best value I can within the companies I work with, for for what you're purchasing, whether it's auto life home, I'm making sure that I and the reason why I like to make sure that you're getting the value is because I like to sleep at night. What I don't want to hear is, you know something, something happens, you need to file a claim, and you wouldn't, wasn't told you have or don't have this coverage. You fully are aware. Because I'm a full service agent, I sit down with you carefully, you know, meticulously, talk about the coverages, the underlying coverages that you have, line by line. Why is that important? Because you need to know. Just don't take for granted, you know, because an insurance name, oh, I'm good, you know, people would, that's what the farm, you know? I'm just gonna say that, you know, with the farm, and they've been with the farm for a very, very long time, and all of a sudden now they file a couple of claims. In the last five years, I have two claims. I've been with the farm for, for 30 years or 20 years with the farm. And why do they don't want my business anymore? Because there was they'll send you a letter. So if you file two claims with the farm within a certain period of time, they'll send you a letter saying, Thank you, but thank you, Mr. Insurer. We don't want your business anymore. That's not a good way to do business to me. For me, I don't write with companies that do customers like that, because I think that's very unfair. Things do happen that's beyond your control, but if you can control a situation, especially with your homeowners policy, let's say, for an example, you have an inside water flood, or you have an inside leak on your roof that you really just being you know you're not, you're not being responsible, and you're not taking care of that leak, but the leak gets worse and it gets worse, and now you have a significant leak in your ceiling, and it's falling through. Now the claim adjuster can come to your home and say it's a pre existing condition and deny the claim. Most of them probably won't do that, they'll probably will pay the claim. But I've seen in my many years of service working for insurance companies or clients, just call me with help to help me understand better process, how this all works. You know, I had a leak underneath my sink. I didn't know it was there. Look underneath the sink and now have a lot of water damage now, and more than likely, the adjusters will pay that claim, because that's something you really don't see regularly, because how many people look underneath the sink to make sure their water is not leaking? There's no leak underneath your sink. But it does happen. However, I've seen people with serious damages in their house, and it's gone on for months, and they don't do anything about it. But until the point where I can't take this, I need to call my insurance company and file a claim. Well, more than likely, you may get denied, if it's, you know, a pre existing condition that you did any, you didn't do anything to stop

Donald Marquez 9:24
the leak getting worse and worse. This is what we call pre existing conditions, and that that's primarily with homeowners policies, or sometimes with a pre existing condition. It could be what an auto insurance policy, if you get in a wreck, and you, you know, you get in a car accident, you have damages to your car. Now, of a sudden, you have another car accident, and, oh, I've had two damages to my car. Now I want to get my car repaired, but one car was was damaged months earlier, and now you and your car is in another accident. Now you want to get your car repaired, both damages, both dents. You want repaired, maybe in different locations, but now you want all of it repaired. This is, this is Could, could be easily denied because one of the the old claim that you wanted to file, you didn't file. You should have filed at the time the incident happened. You should file a claim at that time, but you didn't. You did not. Now you have a new claim, and they'll probably only repair the newer claim instead of repairing the entire vehicle. But every situation is different. I'm telling you this because I've talked to many people over my many years of service in the insurance business, and you know they procrastinate. You cannot procrastinate when it comes to filing claims with your insurance policy. Number one, you know you want to get it repaired as soon as possible. And if you do have a leak in your home, you want to get the plumber out or someone out to repair it. Or if you can't do it yourself, get it repaired as soon as possible. My name is Dave Marquez, then hope that is news you can use if you have well water damage, we have a little rain happening here within the last two weeks. And if you have water damages, file a claim immediately. You have to look at your policy. I said earlier, some policy exclude water losses, especially when a water heater breaks, or if you have any type of inside water damage. You know some of these policies do exclude water losses. So pull out your policy, read the exclusions. Read the exclusions, because that's going to tell you what your policy will cover, what it won't cover it. Now let's say it won't cover inside water loss. You can contact your insurance company and add that endorsement onto your homeowner's policy or your auto policy if you don't have Roadside Service, or if you don't have medical or if you don't have a rental car reimbursement. These are endorsements you can add on your policies. You know, you just pick up the phone and you call your agent and say, Hey, Mr. Agent, or Mrs. Agent, to be correct, these days, I don't have certain coverages. And you know, a lot of times too, the agent will say, Well, you Well, you were looking for to save money, and we had to reduce coverages for you to save money. No insurance agent out of the bubble. You can call up and say, you know, I've been with you a long time. Don Marquez, I need you to lower my car insurance rate without reducing coverages or without rewriting the policy. Sometimes we can rewrite the policy and be surprised. You know, you can get a lower rate, but that's very rare. It really is, and it has to be a reason why we're going to rewrite the policy. The most rewrites we get if you're coming from a different state, like, for instance, you're coming from California into Nevada, and we may need to rewrite that policy if it's with the same company that I offer right? I offer progressive life auto insurance company offer progressive so you're progressive in California now you want to be with progressive in the state of Nevada and police. And believe me, when you leave one state and come to Nevada, you have 30 days to register your car get a driver's license in the state of Nevada. You have 30 days to get Nevada car insurance. Within 30 days, you need to get Nevada car insurance, a driver's license with the state of Nevada and your car registered in the state of Nevada. Now if you have dual residents, you know you you know, maybe you could talk to the police officer if you get pulled over. I look, I have dual residence. I'm here in a winter time or in the summertime in Vegas, and then I go back home. So you may or may not have to have, you know, have to have your registration or your driver's license switched over because you have a dual residence. But the ones that have come here and live here, and many of you have, I can verify that because I was born and raised here, and I remember this used to be a little, you know, downtown was the main place to go, little few, a few hotels on the Strip. But, you know, it's trans, it has made a transformation in the last 20 some years, 20 plus years. And of course, the influx of people within the last 30 years in Vegas has been amazing. So I remember when this tower was primarily desert. Everywhere you look, Henderson desert, Summerland, a desert. Just give you an idea. It's homes all the way to the Mount Charleston turn off now, which there was all it was desert, as much as you can see. So I've seen the transformation here in town. And along with the transformation, has brought on, you know, a lot of people to drive really bad people. You know, people say to me, you know, people drive really bad in Vegas. That's why the car insurance rate. They were so expensive. No people come here with their bad driving habits from other states. When I grew up in Vegas, no one had insurance problems until you know, everyone came to Vegas, all over the country with your bad driving habits. So don't blame it on the people that live in Vegas. It's the people that came here that would would extreme driving habits that have come here to Vegas and incorporated their driving habits along with everyone else's, and it makes it difficult for us to have lower car insurance rates, especially when everybody following little small claims, little small claims and claim, oh, I'm injured because you would get a small fender bender. Now you want you think you can get reimbursed by the insurance companies with a larger settlement, with a large settlement, you know that's not always the case. That's not always the case. Please, believe me, when your car is damaged and you are injured, yes, you have every right to get legal counseling, or you could do it on your own, working with your insurance company, with the claims department, and also working with your agent. Always let your agent know what's going on. You do not want to get your agent off caught off guard, because insurance agents, we're very busy talking to many, many customers. Our drive is to get new business. This is what we're here for. Of course, we do service our clientele, but our motivation is to get more clients. So we're focused on, you know, bringing more clients into our office as new business. Now, when things come up, you know, people call me and say, Do you remember? And I really do try to remember. I always get, hey, do you remember we talked about, I don't know, seven years ago, and I, you know, and I just, and there's so many things they want to say to me that I supposed to remember seven years ago, seven months ago, you know. And if it was seven days ago, I probably can remember seven days ago. But I do rely on my computer to help me with everything. But if you don't tell your insurance agent, you know what's going on. I'm an old school agent. I, you know, I like to talk to my clients face to face, or, you know, if it's convenient, we could I could work over the phone. I could write a policy over the phone at 702-236-2624 702-236-2624, yes, we I write quite a few policies over the phone, because people, you know, I, if I don't have to burn my gas to come see you. I've heard I heard you on 91.5 jazz and more. You sound like you know what you're talking about. That's what they tell me somehow. Hey, you sound like you know what you're talking about. Well, after 30 years of doing this, I hope so, but I'm always learning something new. I'm always learning something new. Don't think you don't qualify, especially when it comes to life insurance. This is one of the biggest disconnects that I hear from people, because they have underlying health conditions, and the first thing they think out of, oh, you know, well, I have diabetes, I don't, I don't think I can get the life insurance, because I have diabetes, and I've had it quite some time. It's in control, you know, I watch my diet and, you know, I exercise. But because I have diabetes, I don't think I can get life insurance. I insure people with diabetes, if you're on Metformin, you know, or have a loved one that's on Metformin, yes, I can get your life insurance policy without a physical. Yes, without a physical rates and benefits are locked in for the life of the policy. No health examination to apply for. Just a few health questions I ask, and these are yes or no answers, whether you whether we're face to face, or whether we're

Donald Marquez 18:55
on the telephone. You know, applications are really simple to fill out. I do all the work. You just answer, yes, no, that's it. You just sit back, relax, put your tray in the upright position, and just you'll have insurance in a matter of moments. A matter of minutes, you will have a life insurance policy. You just need to sit there and say, you know, what if I can go out for dinner and spend, you know, in almost $200 for dinner. And if I'm doing that at least two or three times a month, I can afford a life insurance policy. If you go to a fast food restaurant at least four times a month, you can afford a life insurance policy. Stop the fast food. Get some healthy food. Eat a salad. You know, salads are very, really delicious. I love my salad with fruit in it. You know, with the dressing, that's not too fattening. It's a meal. It really is a meal. And snacking while watching television. I think we all kind of you. We all kind of suffer from that. I do, but I try to snack healthy meals. I get an apple, some some raisins, you know, try to eat. I try to snack healthy. You can snack healthy that way. When you do apply for your life insurance policy, we can get a favorable rate. But are we all need life insurance. Our offer policies is rates and benefits are locked in for the life of the policy. Let me say that again, rates and benefits are locked in for the life of the policy. What does that mean to you? You know that when you purchase a policy from me, that you will have your rates and benefits once you are approved for the policy, your body dictates the rate. Now, you know, some insurance agents have a practice of offering you the lowest rate possible based on a good health, like excellent health. And you may not have excellent health, but they give you a quote that you're saying, Okay, I'm in excellent health, so I'm apply you with the excellent health, and then you come back, you are accepted. And now they'll say, Okay, well, the policy went up substantially because of your health. But see what people you have to understand that agents make this mistake, which, you know, I don't practice this, but they make a mistake. They get you fired up. They get you all excited on these low life insurance quotes, right? And that's all they are, is low rated life insurance quotes, and all of a sudden, now you come back because you have underlying health condition. It could be a multiple of things. It could be, I know, it could be your weight, it could be your diabetes, it could be it could be your, I don't know you. Maybe you have medications that you're taking. So don't, don't, don't, go for, you know? Well, if everybody else is telling you what the rate is, and then all of a sudden, this agent out of nowhere is telling you what the rate is as half of when everyone is telling you there's a there's a connection to it. It's just like when you hear that ad on television, rate start as low as 999 Wow. Who haven't heard everyone you know who haven't heard that commercial? I've heard it, and people ask me and question me about that rate of 999 how much insurance can I get for not much, not much less than $1,000 worth of coverage. In most cases, it wouldn't even pay for the flowers. In most cases, yeah, yeah. Most cases, not even when I won't even pay for, for the limo, for for that 199, $9.99 cent worth of coverage does not pay for much at all. Think about it. You're not gonna get a lot of insurance for that rate. You just don't. What it does is generates phone call and then quickly they introduce you to the real rate. I don't, I don't play those games. I just tell you what it is upfront, based on your health, based on the information you provide to me, based on your medications. If you have a history of cancer, you know, depending on whether you stage one, stage two, yes, I can get your life insurance policy. But if you live in stage three or even stage four, with cancer, and you've you've maintained a lifestyle, and you're still active, yes, I can get your life insurance policy. In most cases, I need to have to say that as a disclaimer, to give myself a little wiggle room just in case. But if you has Alzheimer's dementia, we can get your life insurance policy. If you have liver kidney disease, yes, I can get your life insurance policy. If you on dialysis, I can get your life insurance policy. Or if you have a loved one out there that's homeless or on drugs alcohol abuse, because as a parent, you know your loved one is out there in the streets, and you know doing whatever they need to do to survive. You know your word you may receive a phone call and that person you know is no longer with us, and now you're responsible. You know, you have to consider the unseen expenses that you're going to have. You know, the medical payments, the credit card payments, the loss of a loss of income. It's just a multiple it's just a multitude of things that people have that comes up when you don't have life insurance, and you quickly realize I need a life insurance policy, or I want, I want, I don't want this to happen again. So let me get a life insurance policy, because when you go through one funeral, one loss of a loved one, it'll make you you quickly realize the financial burden you just inherited people in United States for between 60 and $70,000 worth of debt. When you lose a loved one, a significant loved one in the household, that's the debt they leave behind. And that's not a lot of money these days, 60 to $70,000 to accumulate that type of debt. Think about a car. Today, you can have a car. Did you leave? Behind because there's a unforeseen loss. They have a car. They just bought $50,000 car, and now, all of a sudden, now you're responsible, because you cosign for this car, you were still responsible for that car, right? $50,000 so to leave 50 to 70, even $100,000 in debt behind is not hard to do today. It's not hard to do it. Just think about it. You have a car payment, that's, you know, $70,000 car payment. And then you have other bills. You have utility bills, you have medical bills, you have food, the cost of food, clothing, transportation, you know, there's there's this mortgage, rent, it adds up. And without life insurance, how are you going to offset the cost of all these bills? My name is Dave Marquez, 702-236-2624, applications. Life Insurance applications are real simple for me to fill out, real easy for me to fill out. You just sit there and ask yes or no. Only thing you need to know, probably is what medicines you take? What are your medications? I can help you with that. And some policies require physical. Most of them don't. Today, fortunately, I'm finding insurance carriers that don't require a physical. I have a life insurance company that I could write up to $450,000 in coverage, no physical, whether it's term, Universal Life, whole life, you know, consider this. You write everything down on a sheet of paper. Write everything down on a sheet of paper, all your liabilities, your mortgage, your rent, your car payment, your car insurance, your medical bills, your credit card bills, food, transportation, write everything down now and take you out because you're no longer with us. You passed, and how much debt you leave behind for your spouse to inherit. For your children to inherit. Can they handle it? And why you don't talk to them about life insurance? You know the holidays are coming up, and I always say this, that is excellent opportunity to talk to your loved ones about life insurance. When families get together and we sit around the television and eat, watch football. We enjoy each other's company, but you should have a family meeting. Have a family meeting and say, Listen, we need to have a family meeting to see who is covered for life insurance, who don't have life insurance, and why you don't have it, because I cannot afford to bury you. Nobody dies free. This is News You Can Use. My name is Don Marquez. Have a family meeting. Thanksgiving is coming up. That's the next well, we have Halloween. Nobody really talks Halloween. But if you are having a Halloween get together, man, you may want to talk to your family members about your life insurance. Who has it, who's the beneficiary, who doesn't have it and why you don't have it. My contact phone number is 702-236-2624, 702-236-2624, you know you can select a due date between the first and the 28th of each month.

Donald Marquez 28:17
The life insurance premiums come directly out of your checking account. And you know, we make a simple monthly payment that you can't afford. Don't say you can't afford it because you cannot afford not to have life insurance. We all need life insurance. If you bury people quickly you realize the importance of life insurance. And the older you get, the more people and the friends you'll see that will pass. And you can see families struggling to maintain a lifestyle after someone has passed. And sometimes you know they can't, you know they can't have the same lifestyle when that person was still living, because that income now is gone. Now life insurance won't replace the person, but it will give you some peace of mind. My name is Don Marquez. This is your insurance connection. We have broadcast right here at KU NV, 91.5 jazz and more every Sunday morning, from 8am to 830 I want to thank Dr Ridley for this amazing opportunity to broadcast right here KU NV, and my engineer, Mr. West Knight, thank you so much. Wes for keeping me my time and speaking about my time, my time is short. I need to go and enjoy this beautiful Sunday, and you should too as well. Get out and take a walk. Get some fresh air. We'll lose again next week. Until then, just keep it crispy. You

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