Can You Add Your Parents to a Life Insurance Policy?

Life insurance is something that more people can benefit from than they currently do. Life insurance can help not only make life after your passing easier for family, but it can also be borrowed against and taken out in the event of a major accident. So who can you add to your policy? Your immediate family like spouses and children are obvious choices, but you can also add your parents. For those in the Phoenix, AZ area, the agents with Genesis Insurance can help.

You can add parents to your life insurance policy under certain circumstances. For instance, if you have a parent that lives with you, that is your dependent, and that can be counted on your taxes, you can add them to your life insurance policy. You must have a vested interest in their lives and their care to put them on a policy, however. You will not be able to add parents that are independently living and non-dependent on you because you do not hold power of attorney over them.

The role of life insurance is to help ease the burden of costs associated with the death of a loved one. As such, most life insurance policies are going to require that those that you are adding to your policy are directly related to you and that you are responsible for their expenses and, therefore, would be responsible for their expenses if they were to pass. When adding parents, you will need to prove that they live with you and that they are your dependent. For those in Phoenix AR, the agents with Genesis Insurance can help you create a perfect life insurance policy for you and your family.

3 Ways to Save Money on Home Insurance

Are you looking for ways to save money on home insurance in Arizona or Texas? You’ve certainly come to the right place. No matter how modest or lavish your home may be, purchasing a home insurance policy is most likely a highly recommended part of the process. 

Bundle Deals

One of the best ways to save on home insurance is by purchasing your home insurance, auto insurance, and other types of insurance from the same company. The vast majority of insurance companies offer very reasonable bundle deals that allow customers to save more, by purchasing multiple policies, which are often discounted and packaged together with one payment for all policies. 

Home Security

Moreover, in addition to the peace of mind resulting from purchasing a home security system, you can also save some money on your home insurance policy. Since home security systems help add an additional layer of security to your home, most home insurance companies will reward you with a discount for keeping your home safer. 

Stick with the Same Company

Although this isn’t always possible (or even advisable), sticking with the same insurance company may yield you some serious discounts over time. Unless you have major concerns about your company, try sticking it out for at least a few years to see if you receive any additional discounts for being a loyal customer. 

Overall, for residents of Arizona or Texas, Genesis Insurance is one of your most reliable options. Offering outstanding customer service and competitive prices, Genesis Insurance gladly serves an array of customers in Texas and Arizona. Call, email, or stop by the office today to find out how to start your policy and hopefully save a few bucks during the process. 

Does Commercial Insurance Have Any Type of Property Damage Payout?

If you operate a business in Phoenix, AZ, then it is of the utmost importance that you invest in commercial insurance. There are many benefits to having this type of insurance, including the ability to receive coverage in the event of an unforeseen covered event, such as fire to your business’ building structure. The exact benefits to be gained by this type of policy will be outlined in the policy’s terms and conditions as well as in the fine print. It is important that you speak with a qualified agent from Genesis Insurance to learn more about the ways you can benefit from commercial insurance. For now, let’s take a look at commercial insurance and its benefits regarding property damage payouts. 

You never know when a disaster could occur, such as a major windstorm blowing through Phoenix, AZ. When this type of disaster occurs, you want to make sure your business is protected by commercial property damage coverage. There are certain kinds of property damage payouts that can be obtained from your commercial insurance policy during a disaster like a wind storm, but the fine print of your policy will tell you what is and is not covered. 

Another example of when your commercial insurance policy may pay out for property damage is when a delivery truck driver accidentally backs into your building instead of the docking port. If their insurance doesn’t cover the extent of the entire loss, your insurance may kick in and pay for what his insurance didn’t cover. 

To learn more about commercial insurance and the types of property payouts that it has, you need to speak with an agent from Genesis Insurance serving the Phoenix, AZ area. Reach out to our offices to get started.

Is it ever legal to drive without insurance?

A common misconception is that it’s legal to drive your car without insurance if you’re planning to buy insurance. This isn’t the case. Luckily, you can buy a policy through Genesis Insurance, so you don’t need to drive without insurance. If you insist on buying your coverage in person, you can always have a friend drive you to get covered. But you don’t want to drive without insurance.

The same goes for driving without proper registration, up to date stickers and so on. If you need to get a license plate, take your driver’s license test, or buy insurance in Phoenix, AZ, you’ll want to do that by mail, over the internet, or have a friend drive you to get the job done.

Of course, it is entirely possible that you can drive wherever it is you’re going without insurance an hope you don’t get pulled over, but you’re rolling the dice on that. You never know when you’re going to hit a traffic checkpoint, you never know when you’re going to miss a speed limit sign and get pulled over, or have an officer hit his sirens because you didn’t know your rear tail light wasn’t working. Our advice: It’s just not worth the risk. The fines you’re going to wind up paying for driving without the proper documents can get very expensive very quickly.

Buying insurance through Genesis Insurance is fast and easy, and we have plenty of options for Phoenix, AZ, and Texas drivers, so there’s no reason you should have to drive without coverage. Reach out to our agents to get your questions answered and try our online rating tool for a quote on auto insurance.

When Can You Claim Flood Insurance?

A flood insurance policy is designed to protect you and your property in the event of a flood in Arizona or Texas. This is a unique type of insurance that is offered as a separate policy from your standard home insurance that covers floods explicitly. Most homeowners tend to think that their standard home insurance policy protects them against floods which isn’t true. If you are a homeowner, then you need to purchase both your home and flood insurance policies from Genesis Insurance in Phoenix, AZ.

Unlike other coverages that may be confusing as to when you can file a claim, things are quite straightforward when it comes to flood insurance. You are expected to file a claim whenever you experience a flood.

What Is the Difference Between a Flood and Water Damage?

To help you understand when you can file a flood damage claim; we shall distinguish between these two confusing terms. You need to keep in mind that you can’t file water damage as flood damage and vice versa. Typically, water damage will occur when water destroys your home. This could be as a result of broken pipes, burst water mains, overflowing bathtubs, damaged washing machines, and so on.

The Federal Emergency Management Agency, (FEMA) defines a flood as a general and temporal condition of either complete or partial submergence of at least two acres and at least two properties of normally dry land. This means that flood damage can only occur as a result of either mudflow, overflow of tidal or inland waters, or collapse of an area along the shore of a river or lake.

Therefore, before you contact your insurance provider to file a claim, make sure that the damage qualifies to be classified as flood damage and not just water damage. You should also make sure that you document the entire damage by taking photographs and making a list of the damaged items before you initiate the process of filing a flood insurance claim.

Are you a homeowner in Texas or Arizona? Contact Genesis Insurance in Phoenix, AZ today for a flood insurance policy.


Life Insurance for a Marriage is Just as Important as a Will

Life is a fragile thing and, as we have all seen in so many stories and events, the unexpected can happen very quickly and with little or no warning. For the individual with no significant others or those depending on him or her, people enjoy life for what it is. However, for those who have a partner, family, children, and dependents, the sudden loss of people can be devastating for more than just the lives lost. Those left behind can be changed dramatically, and far more than just with the grief of a loved lost one passing. This is why it is so important that when one considers developing a financial portfolio that others will depend on, a life insurance plan is a critical component as well.

It is the one aspect of a financial portfolio that directly addresses what happens if the unexpected occurs. Think about it; every other aspect of savings or investing assumes building a nest egg over time. However, what other assets need protection while anticipating the investor suddenly passing away? Only the life insurance plan directly addresses this contingency for loved ones or a family dependent on the investor/income earner.

No one wants to think about it in general discussion, but a sudden loss can turn the life of a left-behind spouse upside down. Genesis Insurance in Phoenix, AZ can help craft a life insurance plan before the unexpected occurs. Arizona is no different than any other location, accidents and unplanned situations occur regularly. But with help from Genesis Insurance in Phoenix, AZ, your loved ones or family will be taken care of if something occurs that would otherwise leave them stranded without you. Your planning with the proper life insurance tools makes sure this unwanted possibility never happens to them.

Reach out to our offices for more information.

How Can Home Insurance Improve Your Resale Value?

Most people don’t think about home insurance when it comes to improving their resale value. They may think it makes far more sense to redo their bathroom or kitchen in order to spark that bidding war they fantasize about. But homeowners insurance in Phoenix, AZ is an excellent way to cover your bases when it comes to taking care of your Arizona home. 

Taking Care of Business 

When something happens to your home, it’s always recommended that you get it taken care of as quickly as possible. The more time that passes, the more likely it is to balloon into something far more expensive. For example, a small patch of water damage can spread quickly across the whole home. Genesis Insurance knows that the right home insurance can make it easier to take care of everything when it is needed. Too many homeowners wait or try to fix the problem themselves, which can severely diminish the quality of their overall home. 

In it Together 

It’s not just the state of your home that makes a difference when it comes to your resale value; it’s the state of the entire block. And while it may not seem like you have very much control over what your neighbors do, you probably have more influence than you think. By taking care of your own home, you send a message to everyone on the block (and everyone who may visit the block) that your property and neighborhood are important to you. 

If you want to be able to do more in the event of a natural or man-made disaster, give Genesis Insurance a call. We’re here to help the people of Phoenix, AZ get coverage that can sustain their homes for as long as they have them!

Commercial Insurance For Your New Business

More people are feeling the entrepreneurial spirit and starting new businesses that serve their Arizona and Texas communities in creative ways. The new business owner has many issues demanding his or her attention. They need to have the business license for the services they provide, a good building, dependable employees, a website, and a catchy business name. It’s important to remember commercial insurance as well. Commercial insurance protects you from those unpredictable events that can close down a business unexpectedly. Here at Genesis Insurance, our agents are ready to assist you in acquiring your commercial insurance. We will listen to your questions, respond to them with answers you can understand, and help you get the policy that serves your business best.

Whether you need a studio, a warehouse, or an office for your new business, you need commercial insurance that matches your needs. Genesis Insurance has been providing access to that coverage to Arizona and Texas with a focus on customer satisfaction. We know the facts about various kinds of liability as well as professional indemnity. Let us help you get a grasp on what might be new terms for you. Professional indemnity is the responsibility that can come to a business owner when a variety of unfortunate incidents happen. From IT issues that interrupt your business and perhaps cause data problems for your clients to the situation of a disgruntled employee causing mischief that brings harm to customers, we’ve seen it all. We can inform you of the issues your kind of business is most likely to encounter. We can provide specialized insurance for your specialized tools and equipment. Call us or visit today and let us enlighten you, provide insurance coverage options, and give you peace of mind.

Is termite damage to my home covered?

Owning a home is a rewarding experience. A place to call your own means you have the freedom to build a life for yourself and your family. Unfortunately, owning a home comes with great responsibility. Homeowners insurance is in place to help handle some of the brunt of responsibility, helping with damages caused by natural disaster, theft, and more. But what happens if you have termite damage in your home?  Is this something that would be covered by home insurance?

In most cases, the answer to this question is, "no." Termites are quite common and are found in every state in the United States except in Alaska. Once a termite infestation begins in your home, the insects have the potential to create absolute havoc on the structure of your house. Unfortunately though, often insurance companies view termite damage as something that could have been prevented with proper care and maintenance. Termites can be regularly checked for if you see evidence of termite damage and can be eradicated if caught in time. In some cases, termite remediation will be covered by homeowners insurance, but not the actual damages done by the termites.  

It can be confusing to understand the ins and outs of homeowners insurance. Having a professional team like Genesis Insurance in Phoenix, AZ on your side can help with difficult questions like this. Proudly serving the residents of Arizona and the nearby state of Texas, Genesis Insurance in Phoenix, AZ is here to help with any existing or new homeowners insurance policies. Arizona and Texas residents regularly turn to our website for assistance with quotes. Using our online rating tool, customers can quickly and easily find a homeowners insurance policy that will fit their needs. Visit our website today to check it out or feel free to give us a call. Our expert team is happy to help.