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Lifetime Investments, LLC

5555 E. Evergreen Street
Mesa, AZ 85205

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What to Know When Purchasing a Fixer-Upper Home

If you’re looking to buy a fixer-upper home in the Mesa, AZ area, you need to know these things that could fix you up financially.  You may be excited about the possibilities of the fixer-upper home, but you also don’t want to end up needing to spend more time and money on the renovations than the purchase price.  Here are four things to help you decide if it’s a keeper or not.

•    Evaluate the price.  A fixer-upper should come at a fixer-upper price.  Look at the neighborhood where the home is located.  You don’t want to fix up a home to improve the neighborhood, which could be a mistake if you plan to sell the house.

•    From the beginning, start evaluating the areas that need improvements.  Are the renovations things like painting and landscaping that will take more sweat than money to correct or expensive renovations?  Start calculating the renovation costs.

•    Consider which improvements will need a professional to manage, such as a new roof, electrical or plumbing work, heating or cooling systems, or insulation versus those you can do yourself.  The ones that need a pro will be more expensive repairs and possibly more time-consuming. 

•    Fixer-uppers can take time and cause ongoing disruption in the home for a while.  Think about your tolerance level with disruption and the renovations needed.  It can be taxing on stress levels, and you’ll need the patience to deal with all the repairs.  Consider your budget, time, and tolerance first.

Lifetime Investments

Lifetime Investments provides homeowners insurance policies in the Mesa, AZ area.  Our agents work to make sure you have the right coverage for your home.  Contact a Lifetime agent today and start exploring your homeowner’s insurance needs for that fixer-upper.

Insurance and financing your car

Whether you finance your car or pay cash does not make your car insurance go up or down, but you may end up paying a little more while financing your car. Lifetime Investments in Mesa, AZ is your source for all kinds of car insurance in the state and can answer your questions about various policies.

The insurance company does not care how you came into possession of your car, so that does not impact your rates. However, the lender may require more insurance than you were planning on getting. Basic liability insurance is required in Arizona. If you have a new car or one that has some value, you may want to have collision and comprehensive coverage to protect your property.   

If you have a loan on the car, the lender will require you to have that additional coverage and will want to be listed as the one that will receive payment if the car is destroyed. The lender wants to protect his or her investment, so they will get the payment first if your car is destroyed. The lender will also want it repaired if it is damaged, so that is another reason for that requirement.  There is no extra charge for adding a payee to the policy.  There is more paperwork involved when you have a loan.

After your car is paid off, and if it is not of high value, you might consider dropping comprehensive and collision coverage. Contact Lifetime Investments in Mesa, AZ for all your automotive insurance needs. Call them or visit them online to get prices on coverage. Lifetime Investments can help you make sure you have the right insurance to protect your property, whether you are paying cash or taking out a loan on your new car. 

Does the Age of the Car Affect the Cost of Coverage?

Auto insurance is something that we all must have if we want to be able to legally drive your car on the road. That being said, the car itself does change the overall cost of coverage. The age of the car, among other factors, does change the overall cost to adequately insure your car. For those that live in the Mesa, AZ area, the agents with Lifetime Investments can help you to find the coverage that is going to work best for you and your car.

One factor that certainly does affect the overall cost of coverage is the age of the car. The age of the car can even affect what type of policy you can have on it, ie classic car insurance. For those cars that are older, they are worthless but they are also lacking on safety features as well. This means that even if a car is older, it may cost more to insure because it does not have the safety ratings or safety features that a newer car has. Newer cars are also going to cost more to replace because they are worth more. Cars that are considered classic or antique may qualify for classic car insurance, which has an entirely different set of rules and applications.

It is important to keep in mind that though the age of the care does affect the cost of coverage, there are other factors as well that will affect the cost of coverage. Taking the time to talk with an agent can help you to determine what costs you may come up against when you are insuring your car.  For those that live in the Mesa, AZ area, the agents with Lifetime Investments can help you to find the right coverage for your car, no matter its age.

Notary Errors and Omissions Insurance — If You’re A Notary, You Need This Insurance

As a notary, you can personally be held liable for any real or perceived damage caused by errors or misconduct while performing a notarization. Notary Errors and Omissions (E&O) Insurance covers your assets if you make errors during the notarial process that cause your client to suffer financially. At Lifetime Investments, we’ve got you covered. Here’s what you need to know to protect yourself personally and professionally. 

Why Do I Need Errors and Omissions Insurance? 

Er&O Insurance will safeguard you against any mistakes that happen during a notarization. It only takes one error to potentially lose your savings, your Mesa, AZ home, or even your business! Protecting yourself and your assets with liability coverage is very affordable – just pennies a day. 

Doesn’t My Employer Cover This? 

No, your employer doesn’t cover you against errors and omissions, even if they carry liability insurance. Just as you are responsible for your own journal and seal, you alone are responsible for your notary acts. The Notary commission is not your employer’s, it’s yours. 

Doesn’t My Notary Bond Protect Me? 

That is a common misconception, but no, your notary bond does not protect you. A notary bod doesn’t protect the notary, it protects the public. If a surety company pays your claim, you have to pay them back. Notary Errors and Omissions insurance will that claim as well as any legal expenses up to your policy limit, without a deductible, and provides free expert legal defense.  

Am I Required To Carry Errors and Omissions Insurance By Law? 

No, you are not required to carry E&O insurance, but why would you want to risk your assets, Mesa, AZ home, and business for a simple mistake? Errors and Omissions insurance is protection that will provide you with peace of mind. 

For more information about E&O insurance, call the experts at Lifetime Investments to find out how Notary Errors and Omissions insurance can protect you and your assets

Understanding the Complex Process of Commercial Insurance

All business owners, even those that operate a small business from home, need commercial insurance. Deciding what kinds of commercial insurance is appropriate can be somewhat daunting because commercial insurance is a category of insurance that has many different types of policies needed to provide adequate coverage for business risk.

Just like every business needs to have insurance, every business owner can benefit from establishing a solid, trusting relationship with an agent at Lifetime Investments serving Mesa, AZ and the surrounding area.

Commercial insurance can be broken down into these general categories, which provide protection for:

  • Employees
  • Protection Against Liability
  • Commercial Property
  • Business Interruption
  • Extraordinary Risks (Umbrella Insurance)

Commercial Insurance for Employees

Every state requires workers compensation insurance for employees. Additional insurance may be required if employees need to be bonded for specific job activities, which is common in the financial services sector and the construction industry.

Commercial Insurance for General Liabilities

America has more lawsuits than any other country. This is why having general liability insurance is a must. Professional liability coverage (also called malpractice coverage) may be needed. If the business makes some product or serves food to the public, there is a need for product liability as well.

Talk with your insurance agent because there are many liabilities that might go unnoticed by business owners until there is a serious problem that could have been avoided with adequate insurance.

Commercial Insurance for Property

This protects the owner from risks to the real estate that they own for use in the business.

Business Interruption Insurance

If a disaster or other covered event causes a business to stop functioning, this insurance helps a business owner with the expenses that are ongoing until the business can start up again.

Umbrella Insurance

There are many things that can be coved by umbrella insurance. It can extend the policy limits of other policies. It can provide coverage for things that other policies do not cover such as sexual harassment claims, defamation, frivolous lawsuits, cyber attacks and more. To get a customized quote, work with your agent at Lifetime Investments in Mesa, AZ.

Contact your agent to get a free commercial insurance review, ideas about risks that can be covered, and a commercial insurance quote.