Get a Quick Cash Infusion and Monthly Savings

If you’re in need of a little extra money right now, Lifetime Investments has two suggestions. For a quick cash infusion, you can hold a garage sale. For ongoing savings, you can get new quotes on homeowners insurance.

A Quick Cash Infusion

Garage sales are a great way to quickly raise a little money. As long as you have some extra things in your home that are in good condition, you can hold a garage sale. You could even have a sale by next weekend if you’re in a pinch. All you need to do is look for things to sell, put prices on them and list your sale online.

Ongoing Savings

Getting new quotes on homeowners insurance won’t bring in an immediate infusion like a garage sale, but shopping for a new insurance policy could lead to ongoing savings. If you’re able to find a cheaper homeowners policy, you’ll be able to save on your premiums each month. As the months go by, your savings will add up.

At Lifetime Investments, we make it easy for homeowners in Mesa, AZ to get quotes on homeowners insurance. In just a few moments, our independent insurance agents can have several quotes from different insurers in Arizona. If there’s a lower-priced option, they can help homeowners make the switch to the cheaper policy.

If you are in Mesa and haven’t compared rates on homeowners insurance recently, send us a request for quotes. We’ll have one of our agents get in touch with you and pull up several quotes for you. They may just be able to help you find a more affordable policy.


How to Choose Personal Property Insurance

Personal Property InsuranceInsurance tips offered by most companies usually focus on the need to protect your property against hazards such as fire, accidental injury or other common perils. But few homeowners spend enough time selecting the right options for their personal property insurance.

In fact, many assume that the automatic content coverage that comes with a homeowner policy is more than sufficient. Unfortunately, this isn’t always the case.

 Failure to select the right coverage can be a costly mistake that may not become apparent until a catastrophic loss has taken place.

When it comes to protecting your personal property there are two main types of coverage available. They are Actual Cash Value (ACV) and Replacement Cost (RC). In addition to ACV and RC coverage, riders or additional policies are commonly used to insure high-value items. It’s a good idea to speak with your agent to determine the right type of policy for your individual situation.

ACV is the amount it would take to repair or replace your personal property, minus the depreciation. For example, expensive electronics rapidly depreciate and may be worth far less than the original purchase price. ACV is typically more affordable and therefore a good option for budget-conscious individuals.

RC is the amount it would take to replace or repair personal property with a similar style and quality. Many homeowners opt for RC coverage. Although RC coverage tends to cost a bit more, it is helpful when the value of an item has depreciated significantly.

Extended RC coverage provides additional protection by insuring an item up to 125% of its value, making it an excellent choice during periods of rapid price increases or economic inflation.

Guaranteed RC is the most expensive type of policy. It guarantees coverage to repair or replace an item even if it’s above the policy limit. There are typically limits to the total value of any single item, so be sure to ask your agent whether it would be more beneficial to obtain a rider or endorsement instead.

Jan Vitale

Independent Insurance Agent

Proudly serving her clients and her industry for 30+ years

3 Tips for Maintaining Your Car This Fall

The arrival of fall means that it is time to tackle a few car care tasks. Not only does this help prepare you for the winter, it can ensure your vehicle runs smoothly for months to come. Here are three handy tips to help get you started.

Tip #1: Create an Emergency Kit

Although Arizona winters are much better than in other places around the country, it is still important to use the fall season to put together an emergency kit. Add items such as bottled water, a first aid kit, and road flares. Include a blanket and a warm change of clothes in case you find yourself stranded on a cold night or morning. Trow in a small toolbox in case of a breakdown, too. Preparing now can certainly make things easier if you ever find yourself in an unfortunate situation.

Tip #2: Take Care of General Maintenance

Fall is an ideal time to handle general maintenance tasks on your vehicle. Have a professional check your tires, change your oil, and inspect your brakes. Make sure all fluid levels are where they should be. Inspect any lights for burned out bulbs or fuses. And replace sun damaged windshield wipers with new ones.

Tip #3: Prepare Appropriately for Trips Up North

Here in the Phoenix area, we love how warm our winters are. However, sometimes it is nice to just escape up north for a bit of winter fun. Before you take off on your next adventure, make sure you have prepared for the change in temperature – and possible ice or snow. Purchase chains, have deicer on hand, and break out that window scraper.

In addition, it is very important to make sure you have an appropriate level of auto insurance coverage. Please contact our team at Lifetime Investments for more information or a no-obligation quote.


Home-Based Companies Need Business Coverage

Home-based business insuranceMany people start home-based businesses to earn extra income, and these businesses can come in all types, ranging from beauty salons to bookkeepers and everything in between.

During the start-up phase, there are many factors to consider:

  • Will you provide a product or service?
  • If you’re providing a product, will you make it at home?
  • How will you market yourself?
  • Where will you look for funding, and what financing programs are available?

Carving out your own niche is the fun part of starting a business, but several other areas need decisions as well:

  • Will you operate as a sole proprietor or form a corporation?
  • What accounting rules will you need to know?
  • What relevant government agencies should you be aware of?
  • And what kind of insurance will you need to protect your new venture?

Whatever your business, if you operate out of your home, you will need liability insurance for the products you make as well as for the customers you do business with. Be aware that your homeowners’ insurance policy does not provide this coverage. Insurance companies want you to insure a business on a business policy.

In addition to liability concerns, you may have bought materials and equipment that are specific to your business rather than part of your household belongings. These also need to be covered by a business insurance policy.

If you use your own car to make deliveries or go to appointments, your personal auto policy will not cover this and you will need business auto coverage.

Fortunately, there is an inexpensive type of policy that can give you an adequate liability limit and coverage for your business property and auto. It’s called a business owner’s policy, and nearly every major insurance carrier offers it.

Costs can run between $500 and $1,000 per year, depending on what you need to insure.

Jan Vitale

Independent Insurance Agent

Proudly serving her clients and her industry for 30+ years

Getting Married? Protect Your Happiest Day

Specialty Insurance for WeddingsIf you’re planning a wedding, and getting married the last thing you want to think about is insurance.

You figure everything will work out just the way it’s supposed to. There is no question of the love you and your fiancé share and your intention to spend the rest of your lives together.

There are times, though, when things happen that are out of your control.

  • Your reception hall might go out of business with no warning.
  • You might lose a deposit from a vendor.
  • There could be a weather event that prevents you from having a beachfront ceremony, forcing you to postpone the date.
  • Your photographer could also lose your pictures, or wild party guests could cause damage to the reception hall, leaving you with the bill.

All these scenarios could cost you time, money and a lot of aggravation on what should be the happiest day of your life.

Fortunately, insurance is available to give you a safety net. Several insurance carriers have attractive, comprehensive plans that are very affordable.

The coverage comes on one policy. Property coverage includes cancellation/postponement, photo/video expense, gifts, special attire (like your dress), special jewelry and loss of any deposits. You can choose the level of protection you need for a cancellation or postponement. Limits range from $1,500 to $175,000.

Limits for other coverages listed are a percentage of the cancellation/postponement amount. They range from $3,000 to $3,500 each.

Some carriers will also include a sublimit for professional counseling, if desired.

It is also important to add liability coverage. Your reception venue may ask for proof of this coverage. This will provide protection for you should someone in your party cause injury or damage to someone or the venue itself.

Your wedding day is a very special day. Including insurance as part of the planning process will give you the peace of mind you deserve to focus on what really matters.

Jan Vitale

Independent Insurance Agent

Proudly serving her clients and her industry for 30+ years