Floods cause a tremendous amount of damage every year in the United States. Changing weather patterns and climate change have meant that no area is safe. Having a trusted insurance agent is a significant factor in having peace of mind. The Insurance House in Tucson, AZ believes in a family-friendly approach to customer service, and with more than 50 years in business, we have perfected it.
If a major flood hits your home, there is nothing you can do to prevent it. However, you can make sure that you have done everything possible to secure your content.
Grade your property
Depending on where you live, your home may not have a basement and is built on a cement slab. Grading your landscaping so that water does not pool near your foundation or slab is a preventative measure.
Gutters can become clogged, which does not allow water to travel freely through them to downspouts. Make sure your gutters are clean and the downspouts are directing the water away from your home.
Move important items
Make sure that if you have a second story, you move important things as high as possible. Even if it is not a second story, if you have any kind of attic, get as much up and safe as possible.
Keep systems above potential flood levels.
Know the potential for flooding in your area and the worst-case scenario. Ensure that your airconditioning unit, the electric box, and any systems possible are located above the highest known level. They should be on concrete slabs or pressure-treated wood.
No one wants to think about their home flooding, but being proactive can save you much potential damage. If you want to learn more about flood insurance, at The Insurance House in Tucson, AZ, we have answers for you. Stop into our office or give us a call.
Most often, people assume that getting a life insurance policy is complicated. But getting a policy that meets all your needs isn’t so difficult. Our agents at The Insurance House in Tucson, AZ, will walk you through the process, ensuring that you are in the know of every detail. Here are a few essentials of life insurance that you need to know.
Life insurance basics
A life insurance policy grants you the peace of mind you need to go through life by giving you protection on the life you are building on and that of your loved ones. Should you pass on, your loved ones are assured of tax-free benefits.
Types of life insurance policy
Term life insurance
This runs within a specified period of time, usually between 1 to 30 years. This can be renewed once the policy lapses. Payments can be arranged to be paid when the funds are required, such as children’s graduations.
Permanent life insurance
- Whole life insurance – This is where you pay a fixed premium where a fixed lump sum is paid upon your demise. The cash value is accumulated during your lifetime.
- Universal life policy – This offers a flexible premium and death benefit. You are in a position to change your monthly premiums should your financial position change over time.
Will my life insurance policy cover income replacement if you become permanently disabled?
In case of permanent disability, you must discuss this with the agents from The Insurance House as not life insurance policies cover permanent disability. For more information on life insurance, please visit our website or talk to The Insurance House agents in Tucson, AZ who will guide you to a policy that best meets your needs.
A life insurance policy does not cover income replacement because of disability as benefits are paid upon the insured’s death. However, it is possible to request the insurance company to add an additional rider to your policy, hinging against disabling medical conditions. An accelerated death benefit rider can also be added, which allows you to use your all or part of all your benefits should you face a chronic illness or become disabled.
Feel free to speak to The Insurance House agents in Tucson, AZ should you require additional riders to your life insurance policy or visit our website for more information.
Based in Tucson, AZ, The Insurance House offers insurance coverage to residents throughout the community. We offer multiple insurance policies to help ensure that our clients are covered in every aspect of their lives. We look forward to establishing long-lasting relationships with each of our clients.
Companies need a security net when they issue bonds. Bonds insurance is an asset that provides a layer of security when companies issue bonds. Bonds insurance outlines the terms of the payment schedule to bondholders. If there is an issue with repayment, bond insurance helps prevent the credit rating from going down. In this aspect, bond insurance is very beneficial to investors.
Bond insurance also has an impact on the bond’s interest rate. Bond insurance also assists companies who are looking for investors. The policy makes it easier for investors to analyze the risks associated with bonds. The terms of the policy also impact the premium on the bond. Bond insurance may also improve the market liquidity of the asset. Investors are also protected if the company issuing the bond receives a rating downgrade. The policy primarily includes a specified guaranty.
Keep in mind that bond insurers usually only issue securities to companies that have high credit ratings. Insurers will also likely analyze the bond’s underwriting before choosing a policy. The bond insurance policy should also include collateral protection.
Consult With The Insurance House
Finding the right terms in a bond insurance policy can be a complicated process. However, we are committed to helping you find the right policy that will allow your company to thrive in the Tucson, AZ community. Contact our office today to learn more information.
Most people that live in the Tucson, AZ area will have a variety of personal insurance policies. One advantage of getting these insurance policies, which can include home and auto insurance, is that they will provide you with liability coverage. For those that are looking for more liability insurance, getting an umbrella insurance policy can be a good idea. There are several reasons why getting this type of insurance could be a good idea for you.
More Protection is Needed
One reason that you may need to get umbrella insurance is if you want more insurance protection. Someone that gets home and auto insurance will receive some liability insurance. However, if there is ever an extensive accident, you will have to come out of pocket if it exceeds your policy limit. In these situations, the additional umbrella coverage will provide protection on top of your base policies.
Coverage for More Situations
Home and auto insurance policies will provide you with coverage for a lot of situations that could come with liability risk. While this is an important coverage, it does not cover all situations that could come with liability risk. For those that want more coverage, getting an umbrella policy is a good idea as it will cover far more situations.
If you believe that getting an umbrella insurance policy is right for you and you are in the Tucson, AZ area, you should speak with the team at The Insurance House. Picking an umbrella insurance policy can be a complicated process. To ensure that you are aware of all of your options, The Insurance House will work with you through the entire process. Our team here can answer any questions that you have to ensure you pick the right policy that meets your needs.
Asking questions when you are shopping for auto insurance is important because it helps to save your money and time. Therefore, do not hesitate to discuss the policy with your agent and ask as many questions as you need. The Insurance House, serving clients from Tucson, AZ, recommends asking the following questions before signing an agreement:
What Coverage Should I Get?
Since everyone’s situation is different, it is one of the most important questions to ask. You should also ask about the coverage limits – the maximum amount that your insurance policy will cover. Make sure that your coverage limits are enough, so you will not have to pay a lot out of pocket if something happens.
Are There Any Discounts?
Do not hesitate to ask about the available discounts. Most insurance companies have them, which allows you to save a lot of money. The most common discounts are safety features, safe driver, paid-in-full, good students, and others.
What is My Deductible?
Before your insurance kicks in, there is a certain amount that you have to pay out of pocket. It is called a deductible. The cost of your insurance depends on the deductible you have. If you want to save some money and pay lower premiums, then you should get higher deductibles.
What Will Be Covered In Case Of An Accident?
Be sure to get the specifics on what will be covered if you are involved in an accident. Even though it is unpleasant to think about such an unfortunate situation, you need to discuss it in advance to be prepared and to know what to expect.
If you are a car owner living in Tucson, AZ and you are looking for auto insurance for your vehicle, The Insurance House is the company you can trust. Whatever questions you have, our experienced agents are ready to answer them and provide you with the detailed information you need. We do our best to find an insurance policy that will suit your needs. Give us a call today – we will be happy to assist you!
Regardless of the immense experience a boater possesses in Arizona, its a good idea for everyone to keep abreast of safe boating tips and practices. New boat owners need to familiarize themselves with the boating rules and regulations before embarking on a mission on the water. From sustaining your boat to observing your crew’s safety, ownership comes with a lot of obligation after buying your first watercraft. At The Insurance House, we emphasize on keeping boat safety regulations, especially for Arizona residents, to minimize boat accidents and fatalities.
Safety boating tips to observe on a boating expedition
- Owning a boat safety kit. Anticipating for a contingency is not always possible, so be prepared in case you encounter them. If you are undertaking a journey on water, you are likely to subscribe to specific safety measures. Your boat safety kit should be kept on board at all times, no matter the size of the boat. These essential items should be in your safety kit: flashlight, first aid kit, whistle, fire extinguisher, life- jackets, and possibly a flair.
- Enroll in a safety boat course. Minimized accidents and death occur on boats when the operator has undertaken a safety course from a provider offering a class that meets U.S Coast Guard-recognized national standards. You may even qualify for reduced premiums if you complete a safety course successfully.
- Avoiding boating under the influence of drugs: Boating under the influence of drugs affects one’s concentration and ability to operate and therefore increases the incidences of accidents and fatalities. Effects of alcohol are greatly aggravated by exposure to sun, noise, and vibration.
- Boat overload. Ensure that you observe your boat’s carrying capacity confinement. Overloading your boat with a crew or any luggage can make it unstable hence capsizing could be imminent.
With all the dangers that come with boating, it’s a good idea to have boat insurance in Arizona. For more information, visit the Insurance House in Tuscon, AZ.
If you’re new to living in Tucson, AZ, or about to move there, you may not realize just how often floods occur in the state. There are a large number of floods in desert areas like Arizona. For this reason, you’ll want to get flood insurance early on from a reliable company such as The Insurance House.
The Danger of Floods in Arizona
Much of Arizona is considered to be in a 100-year flood zone. In such dry places, the water has nowhere to go in the low-lying areas where there’s little rainfall. Since homes are at low elevation to zones, many are at risk of damage from flooding.
Though the National Flood Insurance Program offers coverage for losses after flooding, the private insurance market often can provide coverage for certain risk situations and provide homeowners with better coverage.
The Truth About Home Insurance and Flood Insurance
The majority of home insurance policies don’t include any flood insurance in them. It’s important to seek this out separately if you live in a spot that’s considered to be a designated flood plain as your mortgage company can require this. Besides, it’s just plain good sense to have this coverage in place to protect your home and belongings within it.
Since there can be devastation when a natural disaster strikes and you don’t want to be unprepared, shop around for policies right away if your homeowners’ insurance doesn’t include this.
Assistance from Expert Insurance Agents
The Insurance House of the Tucson, AZ area can help you to get the right coverage for your needs. An agent is available to discuss your concerns and find out what level of insurance would be ideal. Contact us today, and we’ll be glad to talk through your options.
We all have our preferences when it comes to life insurance. If you have no dependents like a wife, children, parents, young siblings, or grandparents, life insurance for you may not be a priority. However, if you are in a condition where you could impose financial hardship on others, then you should think critically about life insurance. At The Insurance House, we recommend buying life insurance as early as possible when you have fewer responsibilities. So, when should you get yourself a life insurance policy? Let’s find out.
You are getting married soon or just got married
Now that you are no longer single, it is essential to start planning on building long-term financial security with your partner. Marriage is full of responsibilities; you want to make sure that both you and your spouse are financially secure when one of you is no longer there.
You are planning to have children or just welcomed one
If you are thinking of enlarging the family, you should also think about their future and how you can safeguard it. Think about their health, education, shelter, and expenses, can they sustain themselves once you are gone? Life insurance can help take care of this, even if your spouse is working. Therefore, as you pay attention to a new home or a new car, think about life insurance.
You just became a homeowner or will soon be
One of the most fulfilling financial experiences is owning a home. Are you planning to buy or build a house in Tucson, AZ? Well, congratulations in advance! However, think about a scenario when your paycheck disappears, and you have no income to sustain your family or just discovered you have a severe health condition that commands a lot of money to be treated. Life insurance is an excellent way to sort your troubles.
As we have seen, different lifestyle changes call for different insurance needs. An insurance expert at The Insurance House in Tucson, AZ can help find a policy that is professionally customized to fit your needs and budget. Contact us today!
When you need to guarantee bonds issued by your company, bond insurance provides investors with the confidence needed to back your debt restructuring. To learn more about bond insurance, contact The Insurance House in Tucson, AZ. In the meantime, keep reading to learn what bond insurance is and whether it suits your business needs.
What Is Bond Insurance?
Bond insurance guarantees the repayment of the principal as well as interest to bondholders. It takes effect if the bond issuer, who purchases the insurance, defaults on the debt. Bond issuers buy insurance to improve their credit rating. This typically lowers the interest they have to pay on the debt. It also makes the bonds attractive to investors.
Asset-backed securities and municipal bonds often have bond insurance on them.
How Bond Insurance Works
The creditworthiness of the issuer affects the rating of bonds. Riskier issuers receive a lower credit rating. In order to get a better rating that results in lower interest rates, companies purchase bond insurance. This makes it easier to find investors. The insurance company assesses the risk of the company when it sets the premiums for the bond insurance.
Bond insurers tend to issue securities only to companies with invest-grade underlying ratings — with underlying credit ratings between BBB and AAA. If the bond issuer defaults, the investor shouldn’t experience a disruption. The role of the bond insurer is to make principal and interest payments owed to investors going forward.
To learn more about how to purchase bond insurance for your company or organization, contact The Insurance House. Set up an appointment to talk to your agent about whether bond insurance is a good investment for your business in Tucson, AZ.
Insurance is designed to protect your most important assets, such as your home, vehicle, boat, and other valuables. When purchasing your policies, don’t underestimate the coverage that umbrella insurance has to offer. Umbrella insurance provides extra liability protection to safeguard your assets against accidents at home or on the road. Here’s what an umbrella policy from The Insurance House in Tucson, AZ has to offer.
How Does Umbrella Insurance Work?
Umbrella insurance is additional liability insurance on top of your auto, home or renter’s liability coverage. In fact, you cannot purchase an umbrella policy unless you have other liability coverage already in place.
Liability insurance pays for injuries or damage to others in accidents that are your fault. Standard home, auto, boat or renter’s liability insurance has limits for the protection it provides. If you cause an accident where injuries or damage exceeds these limits, umbrella insurance will cover excess costs. Umbrella insurance kicks in where your other liability coverage leaves off, protecting your assets against financial loss.
Who Can Benefit from Umbrella Coverage?
If you’re wondering if umbrella insurance is for you, imagine the consequences of being sued for a mishap at home or on the road. A major lawsuit could deplete your savings or retirement funds or force you to sell your home in an effort to cover legal or settlement costs. Umbrella insurance protects these and other financial assets such as investment accounts or future income against unforeseen accidents that can lead to financial ruin. If you have substantial assets, you can greatly benefit from the protection that umbrella insurance has to offer.
To learn more about umbrella insurance or to obtain an umbrella policy, call or visit us at The Insurance House in Tucson, AZ. We’ll help you determine the amount and scope of coverage you need to protect your assets.