YOUR INSURANCE CONNECTION

Unknown Speaker 0:00
The following is a paid program sponsored by your insurance connection. Please be advised that the voices and opinions you hear do not necessarily represent the views of K, u and v Las Vegas, the University of Nevada, Las Vegas, or the Board of Regents of the Nevada System of Higher Education.

Unknown Speaker 0:21
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, homeowners insurance. Yes. And we talk about life insurance. Welcome to the show.

Unknown Speaker 0:40
Good morning, everyone. And happy new year. My name is Donald Marquez with your insurance connection. And we're gonna get started right. Today with talking about auto insurance. We're gonna talk about auto insurance a little bit today, homeowners. And yes, we always talk about life insurance now is the first of the year 2022 is time to pull out your auto insurance policy to make sure you have the right coverages. And what I mean by right coverages. If you're in a car accident, you make sure you do have the uninsured motorist protection. A lot of you driving around town without uninsured motorist protection. Now it does protect you when someone hits your vehicle without insurance for bodily injury, or it also it protects the patches passengers in the vehicle as well. With the uninsured motorist protection when you know you call in your insurance agent from time to time you said you know my insurance rates a little too high. Well, we can not make adjustments on your premium on your policy, the only thing we could do, as an endorsed the policy reduced coverages to lower your payment. Now, by reducing coverages, it does reduce your payment monthly payment. However, it does exclude sometimes coverages and one of the main coverages gets excluded is the uninsured motorist portion of the policy? I don't know why people do that. But they do or what they'll do they reduce it down. Let's say you're carrying 100 300 on your bodily injury, you're carrying 50,000 per person 100,000 Each accident on uninsured motors liability, right. And now the call the insurance agent they said well you know my rates a little high. So what they'll do, they'll reduce your bodily injury down to 5100. You had of that 100 300 Right. 100,000 per person three and 1000 each accident, though, reduce it down to 50,000 per person 100,000 Each accident. And now with the uninsured motorist portion of the policy, they'll reduce that down to 25,000 per person 50,000 Each accident by reducing your coverages it does lower your rates. Now some people you know probably don't have a problem with that, you know, but it does reduce your liability, you know, so if you are in a car accident, what reduced coverages you may not have all the protection you need. My name is Donna Marquez, this is your insurance connection, we broadcast right here. Okay, you have the 91.5 Jazz and more sunny monitor from 8am to 830. Any questions or comments you can call me at 702-236-2624 702-236-2624 auto insurance in Southern Nevada is very expensive. You know, I understand that I was born and raised in Vegas, and I love it. This is my hometown. But you know every city has this something and our something is getting your car registered at the DMV. And that's very expensive and expensive. You drive an electric car, and also auto insurance premiums. Now tell me they tell me the reason why the the rates are expensive here. There's a lot of hidden runs. There's a lot of accident, people run out to get an attorney, that's your right to do so. But the insurance companies, auto insurance companies can represent you to a certain point. Now they won't give you any legal advice. They'll just let you know what your options are. This is why you have an insurance agent. You can contact your insurance agent right up and read after an accident. And one of the very first things I asked my clients as an insurance agent, did you go to the hospital after your car accident, you make sure you want to get checked out, make sure there's no fractures, no hairline fractures, or you could be injured and usually is the third day right after a car accident. You start feeling sore. So don't take it for granted. You know, I know you we all live a busy lifestyle, but your health come first. If you're in a car accident get checked out. You could hyperextend you could have a whiplash. You could you know one customer of mine years ago, and he was in a rear end collision. He was hit from the back and his vehicle and he had a hairline fracture in his spine. He didn't find out to you a couple of months later. I have to his car accident, he sneezed and he was paralyzed for over two years. So it's very important to get checked out get you some X rays. And you can build that to the insurance company let you let your hospital know or your X ray tech No, there was a car accident, and you are filing the claim. Now when you go to the, to the hospital to the X ray, make sure you do have a claim number so they can build the insurance. My name is Don Marquez, and this is a your insurance connection 702-236-2624 702-236-2624. Now if you are household and you have insurance, car insurance, and you have you're married and your wife has separate car insurance from the husband, you're spending too much money, what I would do is combine those cars together on one policy to give you the multicar discount, also the marriage discount. But when you have a you may have just gotten married. Or maybe this is where you do things in your household, you keep everything separate. But if you're looking to save money on auto insurance, you got to spend a lot more money on auto insurance when you keep everything separate. In other words, the wife has her own car with her own car insurance, and the husband has his car with his own car insurance. Now when you have a young child is turning 16 1718. Now, they want to be added on to mom and dad's car insurance policy. We could do that. However, if they're if they have, let's say a be a better grade average, we can't give them the good good student discount, we may have to see a transcript to their to verify the grades. But it does save you money on your car insurance. You know, school is starting back for the children. And maybe some of the children got a car for Christmas, who knows. That will be a very nice guy, President getting the car for Christmas. But it happens it happens in our community. And now they have to add the child on the car, it was nice to get that beautiful brand new Mustang for your son or your daughter to drive. But now the reality hits what it cost to insure that vehicle when a young unexperienced driver is driving this type of car. And people tell me all the time, you don't want to have a good kid, you know, good grades, you know, she's a good girl, but he's a good sign. But they're inexperienced when it comes to driving. If they're inexperienced, now, the worst thing you can do is let them go out and get their own vehicle. Because now they have to put the car insurance in their name. Now we can add mom or dad on that policy. If the policy if the car is in the child's name, only 16 1718 You know, if they're still living in the household, and if they're living in a different house, so the insurance has to be at the garage location. So in other words, if your son or daughter's is living in another community, a different address, we have to insure the vehicle where they live. Now mom and dad probably can't go on it because they show a different address. And the reason why I say this because I see all kinds of ways people try to get around paying, reducing their car insurance. What happens is, is when you kind of mess around with that a little bit and your son or daughter is living in a different address. But mom or dad is on the policy. And they're not on the title of the card and not on loan. They're not on anything, right? But what happens is because it's false information, you go file a claim. And now the underwriter or the person and then claims representative will look at the information and could deny the claim because you give them false information. You give them false information. So I went out of review of policy. And I do encourage people to come in to get a policy review. This is this is how we can clean all that up. Do it the right way. Will it cost your you know your son or your daughter living in Maine, maybe more it might, but what will cost more, if they're if they're in a car accident, and they're at fault, and all of a sudden out a claim gets denied. Just try to save a few dollars here and there could cost you a lot of money. No one gets up in the morning, say I want to have a car accident. When that happens. It happens and it's unexpected. I've been in a few myself. Usually I'm the one that get hit. All right. And usually I'm the one to get hit. But you know I've had I've had a car accident that was my fault once in my life. And it was a significant car, significant car accident. We've talked a lot both cars. Fortunately, everybody was okay. And you know, we keep it moving. But I had the right coverages on my car insurance. I had the right coverages on my car insurance, my car insurance coverages was not reduced. It protected me and also the person I hit and also it you know, they were able to replace their vehicle. And I was also able to replace my vehicle because I didn't have the lowest cost insurance. Sometimes when you go I don't like muses were cheap. I used to I like to say inexpensive. Sometimes it can cost you more. I'm not saying you have to pay more, but a insurance review, looking at your coverages to make sure you're insured properly. Now with the insurance, I'm gonna go line by line when you get your insurance renewal form. This is what you should be looking at your bodily injury and your bodily injury protection liability bodily injury liability is, you know, in the state of Nevada, the minimum is $25,000 per person 50,000 Each accident, and only $20,000 property damage. And I say only $20,000 property damage because most cars on the road today are caused more than 20,000 Especially to newer vehicles. Have you seen what the cost of new vehicles are today? Oh my goodness, a trucker cost $80,000. And we're not talking about something special just oh, you need to base models to our new $70,000 Are you kidding me for this barge.

Unknown Speaker 10:35
It's crazy. What cars cars today. And I don't know, because of the chip, someone's talking about a temper some but even used cars have gone up. You know, some people are telling me they're trading in their used cars getting more money than than they paid for him a couple of years ago. It's unbelievable what's going on, in a way, but it is what it is. And but we still have to shoot or insure those cars for its value. This is the thing when you're when the car prices go up, the insurance companies do have to cover that vehicle for total loss because what they have to do, then the insurance companies have to pay off the loan, they have to pay off the loan. So they want to make sure they're collected enough premier fee from you to cover if there is a total loss or if there is a partial loss, a partial loss meaning your car can be repaired at a repair facility. Now when you are in a car accident, you do have the option to go to a new garage you want to and I know the insurance company tell you well we're gonna guarantee the work. Well the garage guarantee the work. Now you can take your car straight to the dealership you that's your option. You do it especially if you're not at fault. Now if you are at fault there, you may have a deductible. Oh, you can get around paying your deductible. Sometimes I can give you information on how to get around not paying your deductible when you have a car accident. My name is Don Marquez and this is your insurance connection. For more information. My contact number is 702-236-2624 702-236-2624. My business hours are Monday through Friday from 10am to 6pm. My office location is on the corner of Sahara and Rancho in the US bank center or work by appointment. Your car insurance in the state of Nevada is expensive. I hear it every day. My rates are going up. And why is it going? Well, there's a lot of moving parts wires going up maybe because you just bought a brand new car. Maybe because you added that teenager on your policy. Maybe you saw one car and now you only have one vehicle on the policy. Or sometimes the insurance companies take rate hikes. They take rate hikes because they want to make sure they have enough insurance to cover any losses that you may have. Now, we do rate insurance by ZIP codes. Okay? They've been doing that since insurance. People so why they rated me because of my zip code. They got to rate the community you and all insurance companies do it. Now some insurance companies will do a soft hit on your credit. It really doesn't you know, it really doesn't impact your credit at all. But you know what I've found in the business, I've been in the business since 1996. Now credit started back in 1999 when I was an Allstate Insurance agent. And they came us and told us that they're going to start reviewing credit as a way to rate car insurance. That was back in 99. And now when it was introduced all the insurance carriers here in the state of Nevada, so when you call it around doing your own personal shopping, every single company you shop with is hidden your credit. It's an inquiry, it doesn't it doesn't cost you any points or anything like that. But as an insurance broker, I do have an advantage. Because I have a what we call a rater. Once I put all your information in all the companies will populate, it'll hit one time. And that's it. Now it's not going to reduce your credit scores don't think it will, but it will the better credit you have in the state of Nevada the lower car insurance you're going to pay. So you want to make sure you want to pay those bills on time. You know, so it's part of writing it is what it is. I'm just a messenger. I'm just a messenger. This this is how they re car insurance car insurance companies rate car insurance in the state of Nevada. Now if you have a loan against your car is none, it doesn't cost you any more money to have a lien holder. If you switch lienholders you need to contact your car insurance company to let them know you you know you got a better deal at the credit union than you are with the traditional lenders that when you go to the car line they find for you and sometimes you can go to your credit union and get a better deal. Now when you are making your car payments every month. If you can pay a little extra to reduce, you know the interest that will help you in the long run and doesn't take a lot of money to reduce that interest rate to pay more into the principal and pay you pay your car Afula faster. Now, what's your car if you are if you do have a loan, you have to carry collision and comprehensive. Let me say that again. Because by some people said, well just get rid of the collision, no, I cannot do that. Because you do have a lien against this vehicle, I can't get rid of the collision, you have to keep the comprehensive and collision on your policy. That way, if you are in the car accident, your car is covered, or your comprehensive coverages wind, fire, theft, vandalism, fallen objects on your vehicle. For more information, you can contact me whether you're my customer not to help you better understand how insurance works. Don't don't take for granted does your good you know, I've had people come out, you know, I've been with my company for many, many years. And, but you know, what, have a couple of accidents or have a couple of claims within that year. And I've had people come to me, they've been with the farm for years, and they've had two incidents in their life in 12, within 12 months, now the farm wants to get rid of you, you may not be your good neighbor, I don't know. They don't treat you like one when that happens, because I've had customers come to me, and they're upset. They're very upset as I've been with the farm for years, and they're gonna treat me like this. And I'm like, Well, mom, but I'm from I don't, I don't know what to tell you, I can help you. But you know, it happens. Now automatic payments, when you have your car insurance, payment each month, when you make monthly payments each month, you are gonna pay more for your car insurance you are because now they have to stretch the payments out for six months, it's always better to get a yearly policy versus six months. And if you can pay it in full, that is a better option for you, you're gonna save money by paying in full, I mean hundreds of dollars at times, when you pay in full for the full year. That way eliminates any payments, that's one that's that's payment you have to make. Now, but if you cannot afford to make the insurance payment on your auto insurance in full, we can set you up with automatic payments. Now we're not going to whatever date we started your policy on, we have to leave it at that date. Now we can future effective policy, let's say for an example. Your policy is due on the 25th of each month. Right your policy Well, my policy due on the 25th of each month, but I get paid every second Wednesday of the month, or you know it does that 25th Of The Month really doesn't is not a good due date for me. Right? Well, so we can do is write a policy before the 25th. Right have that policy start, let's say we're on the 15th or the 10th. The policy was start on the 15th of the 10th. In every month, your due date will be the 10th or the 15th of each month, depending on what to do that is because the 25th didn't work for you. We could do that for you and not create a lapse, you just inform your other insurance company I know is due on the 25th. But I started this policy on the 10 because it works better for my payday. Now in most cases, because you pay your car insurance in advance, you may get a little bit of a refund, alright enough to take your wife out to dinner to the drive thru you know, then you supersize it or whatever. It's not gonna be a lot of money unless you pay a lot of money to car insurance. Now what your car insurance, you want to keep your ID cards in the car, I tell my customers keep your identification cards along with your registration in a white envelope. You know, keep it in a white envelope. I mean, it's not it's not everybody recognizes a white envelope. If you pull it over, it's right there in your glove box. You don't have to search around for it. And here's another thing get rid of those old ID cards. What do you have these old ID cards in your glove box and you shuffle it around, shuffled around trying to find find the most current ID card now when the police officer pulls you over they're gonna give me your driver's license registration proof of insurance right now you showing them all Ivica? You know I am insurance I was you know, I you know, I gotta find the right one. I don't have the right one. Oh, you forgot to put it in your car all together. Right? Every six months to every every 12 months, you receive a brand new ID card. Now, most companies are set up electronically where you can go right on your computer and print out your ID card. Let me say that again? Because I have people calling me can you just send me an ID card you have access. You can go to wherever car insurance company you have, you can go to their portal and get pull you an ID card. Now you can have the ID card on your phone or you can print your ID card only on paper. Put your ID card along with your car registration and a white envelope it that's what it looks like. I'm gonna leave it at that all right don't look like nothing else.

Unknown Speaker 19:57
And you tell the police officer Hey my registration and my ID card is in one envelope in my glove box, just don't reach for it quickly because you know, people have gotten hurt, because they react too fast. And they, you know, making quick moves. And, you know, police officers, you know, they they're very stressed out. And sometimes, you know, they're trying to protect themselves, I understand that, but you got to let them know what you're doing at all times. You know, my name is Don Marquez, this is your insurance connection. I've been doing this for a very long time I come on the air. I educate people about insurance. And you know, people call me and I want to thank the people that have contacted me through this radio station. Inquire about their insurance. You know, they talked to me about concerns, that your course is always about the rates when it comes to auto insurance. Now, the homeowners not so much. Because you have to have homeowners insurance, if even if you don't have a mortgage, have homeowners insurance. And you know, I've talked to people that say sometimes they call me up and said, Well, you know, why should I have homeowners insurance when I owned the house? And my reply, what if the house burns down to the ground? With no homeowners insurance, you do have an option not to have it because you own your home. But if you do have a mortgage, you have to have homeowners insurance. Right? You do have to have homeowners insurance now, you know, people call me up and say can you combine the home and auto together? No, there's two separate policies. Now I'm gonna make it easier for you. We're gonna build a mortgage company, the Homeowners Bill each year, every year, we'll build a homeowner's, the mortgage company. So they'll pay for the homeowners insurance for 12 months directly out of your escrow account. Now, if you're just recently refinanced and you have a new mortgage company, you need to inform your insurance agent, that unit you need to change the mortgagee information. That way, if anything happens to the house, you know, in the mortgage companies looking for your insurance information, what they'll do, they'll open up the phone book, and they don't care what it costs that add that premium right on your homeowners insurance policy. They'll call a company and say, Hey, write this insurance on this address right here because this person does not have homeowners insurance, and they don't care what it costs to add a right into your payment. That's not always a good option, because you're gonna pay a lot more for that. You're gonna pay a lot more. I am an insurance broker. I represent multiple homeowners, auto insurance companies, I can do the shopping for you, we do not share your information. We do not share your information. I represent companies like progressive Safeco travelers, just to name a few well known companies, and they're looking for that customer that have their car insurance for at least the last two or three years with no lapse in coverage. Homeowners if you buy a new home, you do need homeowners insurance. Or if you refinance, and you have the opportunity to shop for homeowners insurance, let's take a look at it. Let's combine the home and add it together to give you the multi policy discount. So we can reduce that monthly fee that you pay every month. And what your homeowners policy, the good news is your homeowners mortgage is gonna go down your home mortgage will go down a little bit, because you contacted me you shopped, we'll send the binder to the mortgage company, they'll pay it and if you refinance, and you're a little confused on what to do when it comes to insurance, you can contact me at 702-236-2624 702-236-2624 We want to make sure the dwelling is protected. For a total loss. If you have if your house burns down to the ground, we want to make sure that dwelling protection, that's coverage a on your homeowners insurance policy, you have enough coverage there to cover the loss. Now let's say for when if for instance, if the bill of materials and the cost of labor has gone up, we can put it will be called extended coverages. Up to 25% on coverage A. In other words, if your house let's say for an example, is $300,000. To rebuild, we can add an additional $75,000 on your home as an additional coverage, just in case we don't have enough coverage on coverage A we can add an endorsement on your homeowners insurance policy to extend the coverages an additional 25%. Now because your home policy says 300,000 clause, the bill of materials and the cost of inflation has gone up the cost of labor has gone up. But you need that additional coverages. We want to make sure it your insurance connection you are covered. Because when I place insurance with these companies, you pay the companies direct the companies compensate me there's no broker fee when you come to see me. I am an insurance broker. I represent multiple car home auto Yes. And life insurance companies. You help you along the way now, your homeowners insurance if you have a dog pit bull Rottweiler, you know it's sometimes very difficult to get insurance. And I've had people tell me that's a pitbull. No, no, that's an American Bulldog. Dogs know that's a pit bull. You know, he looked like a pitbull. I don't know like an American Bulldog to me. Now he is a bulldog. And you can prove as a bulldog and not a pit bull pit, pit bull Rottweiler. You know, they can, they can get your pit, but they can get your insurance on it, but you do have to prove it. Because when the inspector comes out, they see that pit bull out there, they may deny your coverages. So be very careful on on animal you select I know, people saw my people and it's so friendly. You know, he didn't want to hurt anybody or my Rottweiler friendly, don't hurt anybody. You know, I understand that. But then the homeowners insurance companies have a history of dog bites, and they may or may not protect you, even if you currently have homeowners insurance, and all of a sudden you go out and get a pet a pit bull or Rottweiler and that dog goes out and bite someone, you may not be covered. Or here's another one on your homeowners insurance policy. And this is why it's important to get her insurance review. We offer insurance reviews at your insurance connection, no obligation, they're free to come in and bring your policy in and sit down and have a review. I cannot put your policies up online. Even though if you're unsure with the same company, but another insurance company wrote it, I don't have access to protect your privacy. So when we do we look at it to make sure they do cover inside water losses when you have a homeowner's insurance policy. Some of these homeowners insurance policies to save you money will eliminate inside floods. In other words, if your water heater breaks, and it causes moland damage and mildew because you're out of town, and all of a sudden now you have all this water damage, you may or may not be to be protected. For more information. My name is Donna Marquez, this is your insurance connection broadcasts already a K u and v 91.5. Jazz and more. I want to thank my Engineer Kevin, making sure my time is right. I want to thank the customers again that called in and asked questions came in Bob policies for me, you know, spread the word, don't keep me a secret. All right, you tell everybody about this fine, I don't have my phone number is 702-236-2624 702-236-2624. You know, the prices of homes are going up. It really doesn't have an effect on the coverage on the house. It really does. And you know, like auto insurance is a different, it's a different way. Now on what because we really look at the cost of building materials, and the cost of labor when it comes to a home. Now if you have a swimming pool, and you're trying to find homeowners insurance, and this has happened, that's why I'm bringing it up in the pool is empty, we can help you until pools fill up and fill up you have to fill a pool, because no insurance company is going to write your homeowners insurance policy with the empty pool. But let's say you've already had homeowners insurance, and your pool is empty. Because of the winter, maybe you wanted to drain the water out of it whatever for whatever reason. You know, if there is an accidental falls in your pool, you may or may not be covered. This is why it's good to get a review. Now, with most most homeowners insurance policy, there's $1,000 deductible. Now, if you do have $1,000 deductible on your homeowners insurance policy, you file a claim. A lot of times too, you can take a settlement, they'll reduce it out of the settlement, the deductible, you just tell them as I don't want to pay the deductible. I just want you to reduce it. So let's say you have $10,000 coming on a loss you had they're covering the uninsured, the homeowners insurance company is covering a loss. You say well give me a check for $9,000. And that's okay, no problem. We'll cut you a check for $9,000 and now you can go and have the repair work done. It's not always necessary for the insurance company to send the young people that you can do it yourself. My name is Don Marquez. This is your insurance connection. 702-236-2624 702-236-2624 We have a new year 2022 It's time to get your life insurance. If you don't have any life insurance. I know you've been thinking about it. Now it's time to do it. We're not getting any younger out there. Another years gone by and easily you know I'm gonna call Donald. I need life insurance. I've been kicking the can for so long. We can help you stop kicking the can 702-236-2624 702-236-2624 Happy New Year everyone be safe out there until next week, just keep it crispy. Thank you for listening

Unknown Speaker 29:39
You have been listening to a paid program sponsored by your insurance connection. Please be advised that the voices and opinions you heard do not necessarily represent the views of K u and v Las Vegas, the University of Nevada Las Vegas for the Board of Regents of the Nevada System of Higher Education.

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