Auto Insurance Tips for New Car Buyers

Buying a new car is always exciting; most first-time car buyers are caught up in the moment, and they fail to carry out enough research on the car’s insurance. At Lifetime Investments we have identified the common challenges new car buyers in Mesa, AZ face and come up with the following helpful tips.

Become conversant with the various auto insurance types
As a vehicle owner, you are obligated to know about the different types of insurance policies available to you. Luckily, the internet has made this possible. Compare policies from different providers and make your choice depending on parameters such as coverage, additional benefits, claim settlement ratio, and so on.

Know how your vehicle type will affect your premium
A luxury sports car will incur more insurance premiums than a regular car. Besides, the insurance cover might not include any modifications to your car. The only modification that could reduce your premium amount is installing a tracking device.

Understand the terms of your policy
By applying for an insurance policy, you will be getting into a contract with the insurance provider. Ensure that you read through the policy document to understand all the terms and conditions.

Keep in mind that a clean record will reduce your premium
Most insurance companies will agree to reduce your premium once you prove that you are a low-risk driver. 

Review your insurance needs every year

Depreciation and other factors affect the premiums you should pay. Further, life changes could cause you to change your policy coverage to cater for additional needs. With yearly reviews, you can add or retract your policy coverage to fit your specific needs at that point.

Lifetime Investments is dedicated to providing Mesa, AZ and the neighboring communities with customized auto insurance policies. Visit our website for a free auto insurance quote. 

Do You Need Commercial Insurance For Your Barber Shop?

Everyone desires a quality haircut, and that is why modern barbershops are in high demand in Mesa, AZ and other parts of the United States. It’s no secret that most of us prefer the barbershops that offer top-notch service, a relaxing atmosphere and a wide range of exciting haircuts.

As a barber, your typical appointment with a client will involve some friendly chitchat followed by some light preparation, a shave, color, or cut. This might seem something simple and straightforward but there is always a chance that something unexpected can happen and if it does, you could face an expensive lawsuit.

This is the primary reason why you need a commercial insurance policy from Lifetime Investments today to help protect your business from unforeseen risks. Here are some of the top reasons why you need a commercial insurance policy for your barber shop.

Your Client May Sue You for Negligence

Did you know that one of your clients in could sue you for professional negligence if their color or haircut comes out completely different from what they expected? What will do if you find yourself in such a scenario? A customer may also sue you if he/she discovers that the chemicals you used led to severe injuries.

Luckily, professional liability insurance covers such claims that are related to professional services. Keep in mind that you are always dealing with harsh chemicals, sharp tools, and sensitive body parts.

Protect Your Equipment and Supplies

A commercial insurance policy for your barber shop from Lifetime Investments will also help protect your equipment and supplies that you own. The coverage offers you protection from theft to loss of equipment and supplies in a fire or any other covered natural disaster. A commercial insurance policy will provide various types of coverages that apply to a wide range of events.

Replace Lost Business Income

The occurrence of a natural disaster that affected your barber shop could mean that you are unable to run your business for some time which could lead to loss of income. The business income coverage will help cover the loss of income you may incur during this period.

Do you run a barber shop in Mesa, AZ? Is your barbershop not yet insured? Talk to us today for a customer-friendly barber insurance policy.