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In the event of an accident, it is important to remain composed, stay at the scene in a secure spot, capture photographs of the surroundings, and exchange contact and insurance details with the other party involved. After getting the necessary photos and information from the accident it is time to contact the appropriate insurance company. If the other driver seems to be at fault, you should call their insurance company. The insurance agent will most likely ask for these details: Date, time, and location of accident Information of the other driver involved in the accident ( license, insurance provider, etc.) Photos or videos of damage done to both vehicles Your personal testimony on what happened If a police report has been filed for the accident It is important to know what types of coverage you have. For example if you have rental car reimbursement coverage, your insurance company will help cover your rental car costs while your vehicle is being repaired. Next, you should talk to your claims adjuster. Usually your claims adjuster will reach out to you to get a personal testimony of what happened from your point of view along with gathering other information like if a police report was filed. A claims adjuster helps determine liability of damages so it is important to tell them every detail you can remember and share any photos or videos you have of the damages. Remember to never admit fault for an accident, that is for the claims adjuster to decide. The last step is to get your car repaired. Fortunately, you get to decide where and when your car gets worked on. If your claim gets approved, the insurance company will either write you a check or pay the repair shop minus your current deductible. Here at AZ Insurance Team we do the insurance shopping for you! Give us a call today! Contact Us | AZ Insurance Team | Auto, Home, Life, Commercial… Independent insurance brokerage located in Tempe, AZ. We offer auto insurance, homeowners insurance, life insurance, renters insurance, commercial insurance… Image credit: Image by freepik Information credit:https://www.progressive.com/answers/how-to-file-an-auto-claim/

In order to legally drive a motorcycle, almost every state in the U.S requires motorcycle insurance. For Arizona residents they are required to have a 25/50/15 liability coverage. 25/50/15 Liability coverage: This type of coverage is required and protects others from damages caused by you. The "25" represents that your insurance covers at least $25,000 per person for bodily injury. The "50" represents the max amount paid out for bodily injury being $50,000. Lastly, the "15" represents up to $15,000 in protection to property damage. Liability insurance does not pay for your own property damage or bodily harm but is required in order to legally ride. When do you need this liability coverage: You will need to show proof of liability insurance if you plan on: Registering your motorcycle-Most states require proof of insurance before registering a motorcycle. Financing your motorcycle-Banks and other lenders will want you to protect the asset they are financing. Gaining a temporary permit to ride-If you are getting a temporary permit in a state that requires insurance to register, you will likely need insurance even for a temporary permit. For all of these situations you will need to present liability coverage up to your state's requirements. Is liability coverage enough? This question depends on how expensive your bike is and how much money you have saved up. If your bike is worth a substantial amount it may be smart to get comprehensive and collision insurance which protects you and your bike in the event of an accident. If your bike is not worth much then comprehensive and collision might not be worth it unless you would need the money from the bike to buy a new vehicle after an accident. Un/Underinsured Coverage: When you ride a motorcycle, you are very physically exposed. If there’s an accident, the damage most likely to occur is to your body. We ALWAYS recommend un/underinsured motorist coverage but for a bike – you’d be silly not to carry it on your policy. Contact Us | AZ Insurance Team | Auto, Home, Life, Commercial… Independent insurance brokerage located in Tempe, AZ. We offer auto insurance, homeowners insurance, life insurance, renters insurance, commercial insurance… Disclaimer: Coverage will vary on state, insurance company, and type of policy. Image credit: Image by azerbaijan_stockers on Freepik Information credit: https://www.progressive.com/answers/do-i-need-motorcycle-insurance/

Rental Car Reimbursement is a type of optional coverage that covers some of the cost of a rental car if you are in an accident that leaves your car undrivable. With rental car prices being at an all-time high, it is important to consider the benefits of rental car reimbursement. How does it work? Depending on where you are getting your rental car from will depend on how fast your insurance company will be able to pay. Some insurance companies have partnerships with rental companies that provide a fast transaction while other companies may require you to send them receipts of the rental car used and then pay out the limit. How much is a typical limit? With rental car reimbursement there is a daily limit and a total limit. an example of a daily limit could be $50 a day with a total limit being $1,500. These numbers will depend on the amount of coverage you want to buy. Will rental car reimbursement cover me if my car breaks down? No, rental car reimbursement will only payout covered events like a crash with an insured driver. Think of rental car reimbursement as an extra tool to help you save money when in an accident. Still wondering if you need rental car reimbursement? give AZ Insurance Team a call today and we'll do the hard work for you! Contact Us | AZ Insurance Team | Auto, Home, Life, Commercial… Independent insurance brokerage located in Tempe, AZ. We offer auto insurance, homeowners insurance, life insurance, renters insurance, commercial insurance… Disclaimer: Coverage will vary on state, insurance company, and type of policy. Information credit: https://www.progressive.com/answers/rental-car-reimbursement-coverage/ Image credit: Image by jcomp on Freepik

The state of Arizona is #4 in highest auto insurance prices in the U.S. It is important to know how to lower your auto insurance premium. Here are 6 different ways that you could lower your car insurance premium: Increase your deductible: Your deductible directly affects your auto insurance premium. If you are willing to pay more out of pocket if you are in an accident, an increased deductible will help your premium go down. Keep a good driving record: If you have a clean driving record then your insurance rates will be lower. Excessive amounts of accidents and speeding tickets can negatively affect your rates. The type of car you drive: Some cars are more expensive to insure than others. If you drive a sports car to work every day then your premium will be much higher. If you're looking to save money, it is smart to have a practical car that will be easier to insure. Bundling different types of insurance: Some insurance companies will offer you a discount if you bundle different types of insurance like bundling home and auto. How much you drive the car: If you work from home or take advantage of public transportation, then your insurance company might offer you a discount because you are not driving much on a daily basis. Maintain a good line of credit: Your credit score affects your car insurance premium so it is important to keep good credit. Contact Us | AZ Insurance Team | Auto, Home, Life, Commercial… Independent insurance brokerage located in Tempe, AZ. We offer auto insurance, homeowners insurance, life insurance, renters insurance, commercial insurance… Disclaimer: Coverage will vary on state, insurance company, and type of policy. Information credit: https://www.libertymutual.com/insurance-resources/auto/how-to-lower-your-car-insurance-rate Image credit: Image by senivpetro on Freepik

Rental car insurance is an optional policy that you can add that covers you while renting a car. This type of coverage may include liability, collision, personal effects coverage, and personal accident insurance. Before everything, check your auto policy! If your personal auto policy has liability, comprehensive, and collision coverage these will most likely carry over to your rental car. Depending on your coverage, rental car insurance might not be necessary. Loss of use: Although your personal auto insurance might cover the costs of repairs to a damaged rental car, the rental car company will bill you for loss of use. Hypothetically, if you crashed a rental car that your personal insurance covers but it takes 7 days to repair, you will be billed for what is equal to renting that car for 7 days. You can avoid this loss of use bill by buying the rental car insurance offered. What if you're not covered? If you do not have any type of auto insurance, the rental car company will make you purchase their liability coverage in the least. If you decide to buy rental car insurance you will have the choice to add all these types of coverages: Liability: this is a requirement to legally drive as it covers the damage you cause to other vehicles or people while driving the rental car. Collision: This will cover the damages done to the rental car itself. Personal Accident Insurance (PAI): This will cover you and your passengers for any injuries sustained while driving the rental car. Personal Effects Coverage (PEC): This coverage will protect your personal items if they are stolen from the rental car. Contact Us | AZ Insurance Team | Auto, Home, Life, Commercial… Independent insurance brokerage located in Tempe, AZ. We offer auto insurance, homeowners insurance, life insurance, renters insurance, commercial insurance… Disclaimer: Coverage will vary on state, insurance company, and type of policy. Information credit: https://www.progressive.com/answers/rental-car-insurance/ Image credit:Image by azerbaijan_stockers on Freepik

The first step you need to do before gathering up quotes from different insurance companies is recognizing your external factors that will affect your rate. Some examples of these external factors are: The state you reside in. Your cars' make, model, and year. Your credit. Your driving record. These external factors can positively or negatively affect your rates and is something to keep in mind when shopping for auto insurance. The second step is to establish what types of coverage you want from your insurance policy. Whether you want "full coverage" which typically includes liability, uninsured/underinsured motorist, comprehension, and collision or if you want even more coverage like roadside assistance and windshield coverage it is important to establish what coverages you want. The third step is to gather quotes from different insurance companies that are offering the type of coverage you want. Another thing to keep in mind when comparing prospective insurance companies is the deductible you are choosing for each. If you want to be able to compare them with ease, it is best to stick to the same deductible with every company. It is also helpful to remember that money is not everything and you want an insurance company that you can trust and that delivers on its promises. If shopping around for quotes seems like too much of a hassle, let AZ Insurance Team do it for you! give us a call today. Contact Us | AZ Insurance Team | Auto, Home, Life, Commercial… Independent insurance brokerage located in Tempe, AZ. We offer auto insurance, homeowners insurance, life insurance, renters insurance, commercial insurance… Disclaimer: Coverage will vary on state, insurance company, and type of policy. Information credit: https://www.travelers.com/resources/auto/insuring/how-to-compare-car-insurance-quotes Image credit: Image by azerbaijan_stockers on Freepik

Congratulations! You have found a new insurance broker that gives you the best possible deal on homeowners insurance like AZ Insurance Team and it is time to switch home insurance policies. You might be wondering, when can I switch my home insurance policy? Short answer, anytime you want however the guide below is to help you switch correctly at the opportune time. The first course of action is to find a better home insurance policy and to buy it. It is important to buy the new home insurance policy before cancelling your previous insurance policy as this prevents a lapse in coverage. The second step is to see when your previous home insurance policy renews. This is important because if you cancel your home policy in the middle of a coverage period you may be required to pay a cancellation fee. If you cancel right before your policy is set to renew, then you avoid this fee altogether. The third step involves if you have an escrow account. It is very important to let your lender know that you are changing home insurance policies beforehand as they will want to see if your new policy is to their coverage standards. This is also important so that the escrow payments go to the new insurance company. Common Question: Even after filing a claim with a previous insurer, can you still change homeowners insurance? Yes you can! Keep in mind that the claim will stay with your previous insurer until it is settled or denied. Contact Us | AZ Insurance Team | Auto, Home, Life, Commercial… Independent insurance brokerage located in Tempe, AZ. We offer auto insurance, homeowners insurance, life insurance, renters insurance, commercial insurance… Disclaimer: Coverage will vary on state, insurance company, and type of policy. Information credit: https://www.progressive.com/answers/changing-homeowners-insurance/ Image credit: Image by kaboompics on Freepik

Medical payments coverage or MedPay for short is an add on for your auto insurance that helps pay for injuries sustained by you or anyone else in your vehicle. MedPay is not health insurance but it does help cover the costs that health insurance doesn't cover. How much does MedPay cover? This usually ranges from $1,000 to $10,000 depending on what you think you need covered. If you have health insurance with a $500 deductible, then a $1,000 MedPay policy is most likely proficient. If you do not have medical insurance, you may want to go with a higher MedPay policy. MedPay is also a popular coverage because if there is an injury, the coverage will pay you very quickly. What can MedPay cover? Depending on the incident medical payments coverage can go to: Hospital visits Doctors visits Ambulance and EMT fees Health insurance deductibles Nursing services Surgeries, X rays, and other procedures In Summary, this optional part of auto insurance can save you a lot of money and heartache. MedPay is something that everyone should consider adding to their auto policy if they value their money and well being. Let AZ Insurance Team do the hard work for you. Give us a call today! Contact Us | AZ Insurance Team | Auto, Home, Life, Commercial… Independent insurance brokerage located in Tempe, AZ. We offer auto insurance, homeowners insurance, life insurance, renters insurance, commercial insurance… Disclaimer: Coverage will vary on state, insurance company, and type of policy. Information credit: https://www.progressive.com/answers/medical-payments-coverage/ Image credit: Image by freepik

When discussing fix and flips, you must first understand fix and flip insurance. Homeowners insurance and landlord policies cater to primary residences or rental properties, but house flipping insurance steps beyond these conventional protections. Specifically tailored for vacant or fixer-upper houses, this insurance encompasses properties in disrepair, those in need of refurbishment, or distressed homes requiring substantial renovations for resale at a profit. These properties often remain vacant for extended periods, whether undergoing renovations or awaiting rental or sale, the risk of potential losses escalates. Vacant houses become targets for burglaries since they are vulnerable to theft. House flipping insurance helps cover you if these unfortunate circumstances happen depending on your coverage type. Hard money vs traditional lending: When fixing and flipping a house it is important to know the differences between hard money loans and traditional loans. The first aspect to compare is speed. Hard money loans require less documentation and are approved by a bank much faster than a traditional mortgage. Another aspect to compare is the payment process. Hard money loans are usually expected to be paid off between 6 months and 2 years. Traditional mortgages take upwards of 20-30 years to fully pay off. Hard money loans are tailored for fix and flips: With a faster approval rate and a payment plan that is customized for a real estate sale, Hard money loans are optimal for investors that are in the fix and flip business. At AZ Insurance Team we specialize in fix and flip insurance, give us a call today! (480)-535-5709 Contact Us | AZ Insurance Team | Auto, Home, Life, Commercial… Independent insurance brokerage located in Tempe, AZ. We offer auto insurance, homeowners insurance, life insurance, renters insurance, commercial insurance… Disclaimer: Coverage will vary on state, insurance company, and type of policy. Image credit: Image by freepik Information credit: https://www.obieinsurance.com/blog/house-flipping-insurance-guide

Uninsured and Underinsured motorist coverage is used when you have gotten in an accident and the other person involved does not have insurance or does not have adequate insurance to cover the damages done to you or your vehicle or the people in your vehicle. What happens if you do not have underinsured/uninsured motorist coverage? Underinsured (UIM): If you get in an accident that requires $35,000 in repairs to your vehicle but the person responsible for the crash has insurance that will only cover $15,000 then you will be left with $20,000 to be paid out of your pocket. Uninsured (UM): Hypothetically if someone who is uninsured hits your car and repairs cost $5,000, you would have to pay the $5,000. Here's the good news! When you do buy UIM/UM insurance, the circumstances above will be covered by your insurance provider. Uninsured motorist coverage protects you further by covering hit and run incidents as well. Is collision coverage enough? Short answer, no, collision coverage does cover the damages of your own vehicle in the instance of a crash but it does not cover bodily harm in any way. If you were injured in the crash and needed surgery you would want UM/UIM insurance so that you are not paying that hospital bill out of pocket. AZ Insurance Team always recommends getting Uninsured/Underinsured coverage as it is the best way to protect you and your vehicle. Let AZ Insurance Team find you the best quote on UM/UIM coverage by giving us a call today! Contact Us | AZ Insurance Team | Auto, Home, Life, Commercial… Independent insurance brokerage located in Tempe, AZ. We offer auto insurance, homeowners insurance, life insurance, renters insurance, commercial insurance… Disclaimer: Coverage will vary on state, insurance company, and type of policy. Information credit: https://www.progressive.com/answers/uninsured-motorist-insurance/ Image Credit: Image by fxquadro on Freepik

Loss of use coverage also known on insurance statements as coverage D gives you financial reimbursement when your home or apartment is considered unlivable due to an accident that your insurance covers. For example, if your house burned down and it was going to take 9 months to rebuild it, the insurance company would cover the costs of living and some food expenses depending on your coverage rate. Loss of use coverage can cover these types of expenses depending on your rate: Housing expenses (hotels, temporary rental, etc.) Utilities costs Grocery expenses (restaurants, cooking utensils, groceries, etc.) Travel expenses (gas and public transportation) Storing costs Moving costs As a homeowner, it is important to know your loss of use limit which is the maximum amount your insurance company is willing to pay out. For Homeowners insurance, this will sometimes depend on your dwelling coverage as it might be a certain percentage of it or it could be a flat amount. It is also important that you know that loss of use insurance will cover your "regular" expenses and not costs that go over your usual budget. For example, if your grocery bill is usually $200 a month and you spend $400, the insurance company will only cover $200. It is important to keep track of all of your expenses as well as insurance companies require receipts so that they can reimburse you accordingly. At AZ Insurance Team we do the shopping for you to get the best insurance rate for the best price. Give us a call today! Contact Us | AZ Insurance Team | Auto, Home, Life, Commercial… Independent insurance brokerage located in Tempe, AZ. We offer auto insurance, homeowners insurance, life insurance, renters insurance, commercial insurance… Disclaimer: Coverage will vary on state, insurance company, and type of policy. Information credit:https://www.progressive.com/answers/loss-of-use-insurance/ Image credit:Image by Racool_studio on Freepik

Full coverage is a general term that has different meanings to different people depending on policy coverages. Some people think that full coverage automatically includes roadside assistance and glass coverage along with comprehension and collision. Others could think full coverage is just comprehension and collision. When future or current AZ Insurance Team clients ask for full coverage we always help clarify what coverages they want/need. When an insurance company uses the term full coverage they are often referring to the required types of coverage needed in your state to drive (usually liability coverage), collision coverage, and comprehension coverage. Everyone needs liability coverage! It is required in every state to have liability coverage to legally drive so it is important to have liability coverage in the least. Collision coverage takes care of repairs to your own car in the event of an accident, regardless of who's at fault. This means whether you accidentally hit a pole or are involved in a collision with another car, your repairs are covered minus your deductible. Comprehensive coverage goes even further, protecting you against non-collision events like theft, vandalism, natural disasters, or encounters with wildlife. Do I need comprehension and collision coverage? If you bought a vehicle and have a loan the bank will require you to have both comprehensive and collision.  If you do not have a loan for the vehicle it is your choice to have comprehensive and collision or just liability.  If your car is worth much less to the point that it would be considered totaled if in an accident, comprehension and collision might not be necessary for you. If you were to get in an accident and did not have the money to buy or lease another car, comprehension and collision will give you some money to help with your new payments. There are other coverages you can add to your policy like roadside assistance or glass protection to help protect your car as well. In summary, it is important to know what types of coverages you have and what types are right for you. AZ Insurance Team likes to give options and help you through what coverage you need. Give us a call today! Disclaimer: Coverage will vary on state, insurance company, and type of policy. Information credit: https://www.progressive.com/answers/full-coverage-car-insurance/ Image credit: Image by azerbaijan_stockers on Freepik