Understanding Notary Insurance and Why You Need It

Notary insurance is known by a number of different names, most popularly Errors and Omissions Insurance, or E & O coverage. If you are a notary in the greater Mesa, AZ there are a variety of different reasons why you will want to carry this insurance. The team at Lifetime Investments is here to help you understand your coverage options and help you determine the right policy and coverage level for your own unique situation.

What is Notary Insurance?

If you make an error that is unintentional and unknowing you can be protected from liability that can arise from notarizing a false signature. Please note, that this insurance coverage will not help you if you knowingly notarize a false signature or are otherwise knowingly involved in an illegal or dishonest act. 

Errors and Omissions insurance policies provide coverage if you are involved in a crime unknowingly. Notaries are required to check identification in order to notarize the signature of persons who are not already known to them. However, there are people with criminal intent who can furnish false identification documents to a notary. If you have followed all protocols and are still unwittingly involved in the certification of a false signature, you will be covered from liability by an E & O policy. We recommend that anyone who works as a notary, whether independently or as part of their occupation, look into their options when securing this important insurance. Notaries provide an important service to the business community and should be protected.

Are you a notary in the greater Mesa, AZ area? Contact the team at Lifetime Investments today and find out more about your notary insurance protection options. Don’t leave yourself open to professional liability without having the coverage that you need.

How Does Auto Insurance Change When You Get Married?

Getting married is exciting because it is the beginning of sharing your life with another person. There are preparations for a wedding that must be made and a honeymoon to plan. Also, be sure to include an insurance review with your agent at Lifetime Investments serving Mesa, AZ and the surrounding area.

Auto Insurance for Married Couples

Your insurance agent will make a recommendation about how to adjust your auto insurance coverage so that you can share a vehicle with a significant other. Sometimes this is as easy as adding another authorized driver to an existing insurance policy.

Occasionally, there is a difference in insurance premiums depending on who is the primary driver of a vehicle and who is an authorized secondary driver. In other cases, it may be more beneficial to cancel one policy and take out a new one that covers both married people. Your agent will check these details and explain the options.

In general, there are benefits of being married because it is considered by many to be a moment in life when a person usually becomes more responsible and therefore may have less perceived risk. Your insurance agent will help you find a beneficial solution that provides adequate auto insurance.

It is probably a good idea to make the insurance adjustments prior to getting married because in the rush to get everything done in time for the wedding you may need to share a vehicle.

A Comprehensive Insurance Review

Contact your agent at Lifetime Investments in Mesa, AZ by calling 480-720-3600 or using the convenient online form to get a quote for auto insurance. While you are organizing your auto insurance, it would be a good idea to ask your agent to take a look at all the other insurance that you have. Adjustments to home insurance and life insurance may also be needed when getting married.

Things to Consider When Getting Commercial Insurance

If you are a business owner in Mesa, AZ, then you need to make sure that you have enough commercial insurance.

Required Insurance: What is required will vary by the type of business you have. Workers compensation is required in Arizona if you have employees. Commercial auto insurance will also be required if you use vehicles for business purposes. Your landlord or bank could require that you have property insurance. Vendors you do work for may require general liability protection. An agent at Lifetime Investments can help you determine what is required for your business.

Extra Coverage to Consider: Besides the required insurance for your business, there may be other coverage to consider. Professional liability insurance can cover mistakes your business makes when it comes to services you provide. This is helpful for lawyers, architects, and other service-based business. Directors and Officers liability can be used to protect a company’s officers.

Consider the Deductible: Just like other types of insurance, commercial insurance will have a deductible. Many business owners may be tempted to pick a policy with a higher deductible, but be careful because if you ever do need to file a claim, then the deductible can be more than you can afford.

Read Your Policy Carefully: Policies can vary and each have their own deductible, exclusions, and limits. Business owners need to understand what is included and excluded to ensure there are no gaps in coverage.

Overestimate Insurance Needs: If your business is ever sued, the legal process can be very damaging financially. Even if the lawsuit is dismissed, the cost can still be high in order to defend yourself. Since there are so many people out to sue, it’s best to overestimate your insurance needs.

Contact Lifetime Investments, serving Mesa, AZ, to get a quote on commercial insurance.

3 Tips for Buying Salon Insurance in Mesa AZ

Having your own salon business comes with many rewards. You work for yourself, you establish a presence in the community, and you do what you love. However, it’s vitally important to protect this asset before you open the doors to your first customer. Any business needs to be protected and there is specific insurance you can purchase as a salon owner. This will protect your business, your employees, and your customers. Read on to learn about three important tips for buying salon insurance in Mesa, AZ.

1. Compare Quotes

Depending on the size and scope of your salon, your insurance needs will vary. This is why it’s important to compare a few different quotes before deciding on the one that’s right for you. In the end, you’re looking for the right policy for your particular budget.

2. Bundle Insurance Policies

Since you most likely have other insurance policies, like homeowner’s insurance and auto insurance, it’s a good idea to bundle all your policies under one insurance company. When you do this, the insurance company will reward you by giving you a discount on your premiums, which puts more money in your pocket to run your salon business.

3. Work with a Reputable Agent

To find the best policy at the best price and be sure your salon is protected, work with a reputable and knowledgeable insurance agent serving the Mesa, AZ area. The agents at Lifetime Investments are fully knowledgeable about salon insurance and will answer all of your questions and concerns. They will help you compare quotes, bundle your policies under the right insurance company that best fits your needs, and help you save time and money. Contact the friendly agents at Lifetime Investments today at 480-720-3600.

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.