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Lifetime Investments, LLC

5555 E. Evergreen Street
Mesa, AZ 85205

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Home Insurance for a Vacation Home

There special considerations for home insurance for a vacation home that may be rented for part of the year or left unoccupied. The easiest way to deal with this is to get an insurance review from your agent at Lifetime Investments serving Mesa, AZ and the surrounding area.

Vacation Homes Have Special Risks

Because a vacation home is not always owner-occupied; there are special risks that need to be considered when protecting the vacation home with insurance. Renters may need to have their own renter’s insurance for their personal items in the home. Moreover, if there are going to be renters that occupy the home for a portion of the year, then there needs to be commercial insurance in place for using the property as a rental property. If the home is not occupied by renters and left vacant it has additional exposure to theft, vandalism, and damages from not being maintained properly.

Insurance Coverage for Vacation Homes

Just because vacation home has special risks does not mean that insurance coverage is not available. All you need to do is have a consultation with your insurance agent at Lifetime Investments serving Mesa, AZ, and simply be honest about what is happening with a vacation home. Tell your agent, who will be occupying it, how long it will be vacant, and so forth.

Also, tell your agent if you plan on having renters and how much time during the year the home will not be occupied. In this way, your agent can customize insurance coverage to take care of the risks that are particular to your vacation home and provide a good solution.

Conclusion

Depending on who will occupy the home and how often they will be occupied, vacation homes have special needs for insurance coverage. It is best to contact your agent today to get an insurance review to make sure there is adequate coverage.

Why Would A Notary Need Insurance?

A Notary Public has "official" status in that the individual is appointed by the secretary of state. The Notary Public performs a ministerial task of identifying a person’s signature.  A person who becomes a Notary Public is said to be "commissioned" under the authority of law to notarize signatures. A Notary Public ensures the legal integrity of the notarized document to:

*    validate the identity of the person signing  a document with the presentation of valid identification with a photo ID to deter fraud
*    witness the signature of the person while the document is signed 
*    verify that the person understands  the meaning of the document

The signature of the person has the same effect of swearing under oath to a court of law that the facts in the document are true.  The Notary then must affix a seal and identify the date that the Notary notarized the document and the date and place of his or her commission.  Thus, the Notary Public has assumed essential responsibilities under the law and will face serious legal consequences for breaching these responsibilities. 

Because of the potential liability of violating the public trust, official misconduct, dishonesty, fraud or deceit, the notary public must obtain Errors and Omissions Insurance.  E & O is liability coverage for acts not considered an intentional violation of the Notary Public Act but in the category of negligence or mistakes and the notary’s client suffers a  financial loss.   Without E & O the notary’s assets are protected, and with significant client financial losses, the notary can avoid bankruptcy.  In the worst case scenario, a notary can be deceived by identity theft.  Nonetheless, the notary faces full personal liability for any act. 

In Mesa, AZ, Lifetime Investments will advise you as to the importance of Notary Public Insurance.  Please call! 

Auto Insurance Policies- What’s Covered and What Isn’t

In Mesa, AZ, a general liability auto insurance policy is required to protect you against lawsuits and injury claims from other drivers based on accidents that happen while you are driving. Most states do require that drivers hold a minimum required amount of insurance on their policy. However, additional insurance may be encouraged to ensure that the driver has the proper amount of coverage. Lifetime Investments is knowledgeable about auto insurance policies and our agents are available to walk you through the process at your convenience.

What’s Covered by a General Liability Auto Insurance Policy?

Liability insurance is limited in coverage. There are different coverage limits, which you will choose when you pick your policy. The minimum required amount of liability coverage is determined according to state and broken down by uninsured motorist bodily injury, bodily injury and property damage categories. In Mesa, AZ, the minimum required liability insurance would be as follows:

Uninsured Motorist Bodily Injury

$15,000 in bodily injury coverage for each injured person

$30,000 in bodily injury coverage total per accident

Bodily Injury

$15,000 in bodily injury coverage for each injured person

$30,000 in bodily injury coverage total per accident

Property Damage

$10,000 in property damage coverage per accident.

As there are coverage limits, you may choose to purchase additional coverage to strengthen your policy.

What isn’t Covered by a General Liability Auto Insurance Policy?

Liability insurance is limited to covering damage that you cause, not damage that is caused to you. Thus, liability coverage won’t cover damage to your car, medical expenses because of your own injuries, loss of wages etc.

Our experienced agents at Lifetime Investments can help you pick the proper auto insurance policy to suit your needs. Contact us today to get started.

3 Benefits of Salon Insurance

For those who are yet unfamiliar, salon insurance is a type of coverage meant to protect your salon as a whole. Are you a resident of Mesa, AZ considering purchasing salon insurance? The following is an overview of 3 benefits of salon insurance. 

Fire Liability Coverage

If your salon provides services using flammable oils or candles, fire liability coverage may be necessary for your salon. Otherwise, if you have a mishap which is caused by a worker (or even a customer) in your shop, you will be 100% financially liable for making the costly repairs. Purchasing salon insurance can prevent this issue. 

Hired Contractors

On the flip side, many salon owners choose to hire contractors as a means of providing certain services. However, these contractors are typically not covered by the general policy that covers the shop. By purchasing salon insurance, you can make sure your clients and contractors are protected at all times. 

Beauty Product Coverage

Moreover, many salons make money by selling products made especially for their clients. However, there are many ways in which a product could potentially be harmful to a client. No matter if they have an allergic reaction, or the product causes some other issue, your company could be held liable with regards to financially compensating the customer. However, if you purchase salon insurance you can make sure your salon is safe even when you are in litigation over a potentially costly lawsuit.

Overall, if you are seeking high-quality salon insurance in Mesa, AZ, Lifetime Investments is one of your best options. No matter if you need a little or a lot of coverage, call, email, or stop by contact Lifetime Investments today to find out how you can start your policy and hopefully save some money in the process. 

What Is Notary Insurance?

We are all bound to make mistakes at some point due to distraction, fatigue, or when overworked. Since you deal with essential and sensitive documents as a notary, you need protection when you make a mistake. Even unintentional errors can easily cost you money and you don’t want to put your business or personal assets at risk. Notary insurance is a smart investment that can keep you and your business protected in the case such mistakes occur. You can get this cover from insurers in Mesa, AZ like Lifetime Investments.

Notary insurance consists of an E&O (errors and omissions) policy designed to protect you in case a client experiences an injury or loss due to your misinformation, negligence, or other errors. This is the key component of your risk management and asset protection coverage. It protects you when you notarize a document unintentionally and improperly. However, the policy will not protect a notary who incorrectly notarizes paperwork intentionally or offers protection against any liability problems outside a notary practice.

Your E&O policy offers the following protection when a claim is filed against you:

  • Offers expert legal defense provided by the insurance company lawyers
  • Covers court expenses as well as attorney charges
  • Pays any claims in case you are at fault
  • Prevents people from filing false claims

Remember that a notary E&O insurance policy is necessary if you’re a notary. The state laws state that the notary public is liable for any damages if he or she causes harm to the public due to an error or omission. The best way to protect yourself is to get coverage from Lifetime Investments, an insurance company that serves the entire Mesa, AZ area and its environs. Be sure to contact us for more information or if you need a notary error and omission insurance policy.