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We talk about saving money on auto insurance, homeowners insurance, and - yes - we talk about life insurance!
Announcer 0:00
This is a K-Unb Studios original program.
Wesley Knight 0:04
The following is a paid program sponsored by Your Insurance Connection. The content of this program does not reflect the views or opinions of 91.5 Jazz and More, the University of Nevada Las Vegas, or the Board of Regents of the Nevada System of Higher Education, you
Donald Marquez 0:25
Good morning. This is Your Insurance Connection. I'm your host, Donald Marquez. On Your Insurance Connection, we talk about saving money on auto insurance, homeowners insurance, yes, and we talk about life insurance. Welcome to the show. Thank Good morning, my name is Don Marquez. This is your insurance connection broadcasting right here at KU and V 91.5 Jazz and Moore. I'm a licensed insurance broker right here in Nevada. I offer insurance in 48 states, auto and homeowners insurance, with the exception of California and New York. Congratulations, New York Knicks. And I'll also want to say, before I get into the broadcast here, welcome to all the fathers. Welcome to the broadcast. Happy Father's Day, and happy Father's Day to all the fathers, and you know, make it your day. I know what dads once want to do, they want to sit around the house, and too bad we don't have a game on, but I think the World Cup is on right now, so we can enjoy the World Cup. But it had been nice to have a basketball game on Father's Day, or a hockey game, or something, some kind of game that we can appreciate right here, but you know it is what it is. Enjoy your day, it's gonna be a hot one. We're in the, we're in the heat, y'all. It's warm, stay cool, stay hydrated. Well, that's really important. If you get up and walk, you want to walk in the early morning or late in the evening when the sun is sunsets, and enjoy your, you know, enjoy your day today. It's your day. You can go in any restaurant, as you know, for Father's Day. You don't have to make reservations, just show up. I'm a dad. We'll see what happens with my children. You see what they want to do with me. Me, I don't want to go out to a restaurant, I just want to stay home, relax, and enjoy my family, put some steaks on the grill, sounds good to me, right. My name is Don Marquez. This is your insurance connection again. Happy Father's Day. And yeah, and the mothers that hold, hold down both ends, I got to say that, because there are mothers out there that hold both father and mother, both ends downing, you know, make it your day too. Again, my name is Don Marquez. I'm a licensed insurance agent, right here in Nevada, California, for life insurance, Nevada, California, Texas, Louisiana, and Michigan for life insurance. But if you hear this broadcast in another state, I offer life insurance wherever you are. I can make it happen. I'll get appointed in that state. In other words, my residence is here in Nevada. I work over the phone in cases where my California clients call me because they listen to K U N V and they want life insurance, and I write them life insurance over the phone. I can do the same for you if you're living in Ohio and you're listening to this broadcast, KU and V, and you want some life insurance. My contact phone number is 70223626247022362624 I break it down very simple, very easy. I don't make it complicated. You know, one thing about insurance is many years I've been an insurance agent, and I've talked to colleagues, and when I listen to them talk to their clients, you know, they make it so complicated that people are confused. You know, it's never ceased to amaze me. You know, when clients walk away from a product they just purchased and don't know what they bought, bought it. Just really blows me away, because you know there are agents out there that want to do a quick sale, get it in, get it over with, without breaking down the coverages line by line, regardless of the product that you, that you buy, because you do have to have insurance. Auto insurance is a must, homeowners insurance with a mortgage is a must, even if you don't have a mortgage, you should have more homeowners insurance, especially when you own a home, you know. And also, I own my house, I don't need it, I don't need insurance. Yes, you do, because that's that's a large investment. If it burns down, then you're out, you just have the land and the foundation is gone with no rebuild.
Donald Marquez 4:43
Now you know, I don't know how you can rebuild without just a foundation, that's gonna cost you a lot of money. But we all need insurance, and when you purchase insurance, you need to get it from an agent that sits down and explains everything to you, whether face to face. Whether over the phone, and that's when I come in. I make sure you understand the product you're purchasing, the name of the product you're purchasing. If it's a term life insurance policy, oh, I bought term for either 20 years or 30 year term. You already know that if you buy a whole life policy, yes, I purchased a whole life policy from Don Marquez, and it's going to build cash value over time. You know what you purchase, because I break it down. Or, if you buy universal life insurance, because you know you need a larger life insurance policy, and you want a policy that's permanent for universal life insurance, you know exactly what you purchase through Don Marquez. Now, when you purchase auto insurance through me, you don't say, "I have full coverage. You know what your coverages are, you know what your deductibles are. You don't, you're not gonna say, "After having a conversation with me, oh, I have full coverage. No, you're gonna say, "I have bodily injury at this amount, I have uninsured motors at this amount, I have, you know, you know everything, because now you're an educated consumer, you're an educated consumer. This is an educational program, you know about insurance. I teach you the, you know, the things about insurance, you know, it's easy to just compress what you see on television. It's really they simplify it as much as they can with gimmicks, and you know, little skits that's funny or humorous, but when it comes down to it, insurance is very serious, especially when you need a policy that's going to cover a loved one's passing, that's extremely serious, there's no gimmicks about it, or when you're in a serious car accident, you know you realize you know that cut rate insurance policy you have in it, and that serious car accident may or may not cover your liabilities, or may not cover your injuries. Your liabilities is what we said, we sell a product of liability, and what is that? We look out for your safeguard. We want to make sure if something happens and things do happen, and they're all unexpected, you're covered now. You may, you may or may not be covered, you know, all of the full amount. You know, people want to save money. I get it. They want to save money, no matter what it is. I, you know, they tell me to their budget on the life insurance. You know, I had a policy a couple days ago. Lady told me her budget, she said I can afford this much, and we worked within her budget. She purchased the policy. Everybody was happy, but what auto insurance is a little different. You know, life insurance, I can work with your budget. Auto insurance, you know, depends on the car you have, the make, the model, how much you pay for it. You know, I mean, it's a lot more complicated with auto insurance. As insurance professionals, as insurance professionals, we cannot set rates, you know. People like, why you make my insurance go up? No, no, no, no. We haven't. We don't. We don't do that as insurance agents. We do not set the rate. The rate is already set by the underwriting team. The team that goes all does all the number ends, the all the numbers according to you and specialize in you, and the computer does all its numbers, and it comes up with a rate for you. There's nothing an agent can do with it, with the current coverages you have to adjust the rate and keep the same coverages. Now, we can, you can shop, that's why people shop, but just keep in mind when you're shopping for car insurance, and you look at these commercials on television, and they say they saved hundreds, and they're paying their policy like this. Let's say, let's break it down. Number one, they're not talking about Las Vegas, Nevada. I've said this before on my show, especially, you know, right here in Southern Nevada. No, they're not talking about us. We're kind of unique. We're having..
Donald Marquez 8:59
we pay some of the highest car insurance rates in the valley or in the country, we just do, you know, I mean, if you go to Reno's, it's gonna be a lot less, it really is. If you go to, but if you go to Pahrump, your car insurance is gonna be a lot less, but right here in Las Vegas, Nevada, I don't know why we pay so much money, and I can't tell you why, I don't know, I mean, I could speculate as an insurance professional, so you know there's a lot of re-ent collisions, there's this, there's that, it's all of it. It is absolutely all of it. And people say, well, all these bad drivers in Las Vegas, all these bad drivers in Las Vegas, you know, no, these, these, these drivers came from all everywhere. I grew up in Las Vegas. This is my hometown. I've never seen, you know, demolition driving like I see today on the roads. You know, I mean, we didn't have this growing up. We didn't have traffic jams. We didn't have car accidents everywhere when I grew up. So it's not the people that live in Vegas. Yes, it's the people that came from other places to Vegas with their bad driving habits, so all that contributes, of course. You know, get a wreck, you want to now, you need legal, legal, legal advice. The insurance companies have to get lawyers too, you know, they do to protect themselves, protect your interest, to pick that, protect their interest, so all that is load that cost them money, and that you know they're a business, and they're looking to make a profit wherever they can. But let's shop for your car insurance rates, and to see, you know, sometimes you, you know, you're with your company a long time. You say, "Oh, you know, I've been with this company for a long time. Well, you've been paying higher rates for a long time, and there are times when I can't compete with the rate, because you've been with them from for a significant number of years, that does happen, because you accumulate what we call the discount rates, the longevity rates, the good, you know, the loyal customer rates, you know, they call it all kind of, when it came, bro, it breaks down to it, it's your loyalty to the company, and you've been loyal to the company for many, many, many years, and now your rates are lower, and they're hard to compete, but there are times, many times in my 30 year career, where regardless how long you've been with your company, long as you've been with your company over two years or more. My name is Don Marquez. This is Your Insurance Connection, my business. hours are Monday through Friday from 10am to 5pm My location is Sahab or Rancho in the US Bank Center, eighth floor. I work by appointment only. I'm sorry, I have to say that I work by appointment only. Where's on the weather, it's on the phone now. Your auto insurance policy, homeowners quotes, you know, you don't have to come in and see for that. You know, you really don't have to come in my office for that. I mean, let's, let's do that over the phone. Let's make it real simple, real easy. If you're in Nevada, now, if you're in California or other states, yeah, we definitely have to do it over the phone, because I'm licensed here in Nevada and other 48 states as well, but I'm a non resident in those other states, meaning I can write the policy in Nevada and insure you in, let's say, Oklahoma or Utah or Ohio or even Detroit, if you're listening to this program and you want to compare rates, because you hear a familial voice on the radio, and I've been here almost three years talking about insurance, 30 years in the business, yeah, 30 years. I don't know if I want to retire now, I'm still contemplating. I really enjoy talking to you listeners, and I really enjoy what I do. I was born to do this, you know, so I love the insurance business, I love talking to my customers, working things out, working out scenarios, situations, you know. And this is a problem solve.
Donald Marquez 12:49
I don't like a lot of problems, but you know, every now and then it's worth solving the problem. There are times when I have to say, I can't help you. There are times when I can say, well, you know, maybe you know you have a couple of claims here, and you need to say where you are, but we could try. It doesn't cost you any money, no obligation to try. 702-236-2624 702-236-2624 No obligation. I don't charge a broker fee to come see me. There's no broker fee. When you come to, you know, what I do want to see is your declaration page with your auto insurance. Let's compare coverages, and there's that sometimes, you know, depending on if, hey, I'm a business owner, I own a business, and you know, and you were driving around with the minimum requirements. No, that's not going to work for me. No, no, you need, you need to protect yourself, or if you're a share ride driver, if you do share ride, you know, I can, I can write those policies with the share ride, the Uber, the Lyft, you know, but we're not going to do the minimums, we're going to make sure you are protected, that you, you running a business, and you're driving around with the minimum state requirements, as a business owner, you know, you as a share ride driver, you're an independent contractor. This is a tax write off for you. You're a business owner now. Now you're driving people around with Uber and Lyft and these share ride programs, and you're driving around with limited coverages that doesn't make that doesn't add up, you know. Would you own a grocery store, and you got minimum liability coverages when your customers come in? Maybe they may slip and fall on some lettuce, or you know, some water on the floor. No, you want to protect yourself. It's like, you know, and when you're driving people around and the share ride, and when you get in a car with share ride, yeah, the share ride companies do protect you up to a certain dollar amount, but if your driver is at fault for whatever reason, you know, you, I mean, that's that's that's liability that you need to protect yourself for, just in case you are at fault. My name is Dave Marquez. I hope this is news you could use, you know. Because you know, people wake up every day, and you know, they tell me all the time, they call me, they get up out of bed, you know, they go through their daily routine, they pick up the phone, they call me for an auto insurance quote, and you know, I talk about liability protection, yeah, well, you know, I've never had a car accident, you know, there's no perfect bubble around anyone never has been, never will be. You just been extremely fortunate, you know. I haven't had any car accidents. I had one major car accident that was my fault in my life, one. But you know, I never thought that they say I would. I was in a bubble that car accidents just don't happen, or you know, you could be an unlucky person, and I've seen those two. My mother-in-law was one of them. You know, people just hit her all the time. Fortunately, she stopped driving when she was with us, but she's, you know, she's no longer with us. But yeah, she used to get in the car accidents, and it wasn't her fault. People used to hit her. She said, 'None of this is my fault, that happens too, as well. But when you, when you say, you know, I've never been in the car accident, that's good, because that could get you a discount. Well, we call it an accident-free discount. Now, let's break it down on the car insurance. When they say to you, well, accident forgiveness, accident forgiveness is an endorsement on your auto insurance policy. If you have an auto insurance carrier that offer accident forgiveness, they're saying we're gonna forgive you for an accident to a certain dollar amount if in fact there's no bodily injuries, and this is where people get kind of, kind of, kind of confused. Well, you know, I thought I had accident forgiveness, yeah, but it was forgiveness for property damage only.
Donald Marquez 16:43
See, this is what they don't say when you know when you see the commercials on TV, you know, accident forgiveness, accident forgiveness, yeah, but we're not talking about no bodily injury with this accident forgiveness, meaning no one was injured in a car accident, it's just property damage only up to a certain dollar amount. Now you have to read your contract. You have to ask the questions, and if your agent doesn't know the question, hey, you know what? Sometimes you know being an agent, sometimes we just have to call the underwriters and find out the information. You know, because things change in our industry, it's always evolving. Sometimes the rates are preferable, sometimes they're not preferable, but it doesn't hurt to shop, to shop to make sure you're getting the best deal possible. And now, not to say that you need to change your insurance carrier every six months, that you're shooting yourself in the foot when you, when you do that, you know, stay with your company for at least two or three years, then you shop, especially when you have act now, if you have tickets and accidents, especially accidents, tickets. Let's talk about that. Not a real good time to shop for car insurance, if you, you know, if you file a claim against a policy, and all of a sudden you know your renewal shows up, and now your rate goes up, because you file a claim, your company paid the claim, right, and now your rate goes up. Now you want to shop with a claim that's really hard to find a competitive rate with claims. Now we could try, but I tell you something, it's very difficult to find a competitive rate. Your insurance company is going to keep you in place with them with a competitive rate, so you won't shop, so they can recover some of their money, you know, but if you have too many claims, you know, some of these companies will, hey, you know what, I've been with the farm for the last 20 years, and I had two claims, and, and they, they kicked me out, that happens, I've seen it happen more than once, and to me, you know, unfortunately, this is their underwriting guidelines. Are they loyal to you? Well, you know that's a matter of opinion. I don't think so. This is my personal opinion. You know, you have two claims in a small period of time that weren't concurrent, meaning you know these claims are connected from a water loss or a fire as a result of, you know, and all of a sudden you have two individual claims within five years, and they tell you, 'Thank you, mr. mrs. customer, but we don't want your business anymore. That's that to me, that's not fair to you, you know. But this is how business operate. These companies operate, because the bottom line is, they want to make, they want to make some money, they're losing money with you, that's how they feel, but they've collected your money in the last 20 years. But this is the reality of insurance, and this is why I chose to be an insurance broker, because when I was losing customers with my company that I was, you know, representing, you know, I was limited what I could do for that customer, you know, if the client, hey, you have two claims, that's why you pay for insurance. You have two claims, you have to file those claims. Now the insurance company don't want you in business anymore. And I had to lose that customer, and I felt bad losing that customer, because I care now as a broker. If I lose a client. I can switch that client to another company, and this is the benefit being an insurance broker. Now, when I work for one company, then have that luxury, but today I have that luxury, and some of these insurance companies are starting to pick up on the luxury of being an insurance broker, because to my understanding, some of these companies now are starting to accumulate other companies within one large company, and that's okay, and I like to see that, because it gives you know the insurance agent options to shop for you, but there are restrictions, you know, there are restrictions. Now, if you had a recent DUI, it's going to be a nightmare. It really is.
Donald Marquez 20:40
Your insurance is going to be suspended, your it could be your insurance could be canceled or suspended. I mean, it's gonna be a nightmare. Your driver's license could be, you know, suspended. It's gonna be a nightmare. You may spend a night in jail, so if you're gonna drink, you know, don't drive or have a designated driver or get a share ride, you know, get a share ride, because it's not gonna be good. Now you know that's it. Gets very expensive to get a DUI. Just want to let you know, gets extremely expensive to get a DUI. If you're gonna drink, drink at home, don't go anywhere. My name is Don Marquez. This is your insurance connection, 702-236-2624 702 702-236-2624 My business hours are Monday through Friday from 10am to 5pm and some Saturdays I will work over the phone, 702-236-2624 Okay, let's talk about a little life insurance. I always love to talk about life insurance. Now, if your policy is getting a little expensive, you can always take the option to reduce the face amount of the policy. Now, if you have a large policy, this helps for large policies, you know. I know everything's a little expensive right now, and we don't know when we're gonna get some relief, but if you're saying to yourself, you know, if you're contemplating canceling your policy, because you're finding ways to cut your budget. The last thing you want to stop paying for is life insurance. You know, you have other options, and I've said this before on my show. Look at your television bill, maybe you can cut that down if you go out and golf every week, you know, two or three times a week, or twice a week. Maybe you want to cut that down to once a week, you know. So, there's, or you go to the casino and play the slots, maybe you can, you know, trim that down a little bit. We all live on a budget, and I've heard this many, many, many, many, many times. Well, you know, I live on a fixed budget. We all live on, I live on a fixed budget, I understand, but you can reduce the face amount of your life insurance policy. You just need to pick up your phone and contact your life insurance company. They will send you a form. The form must be completed in ink, and that could be, and it can't be altered, you know. Once you fill it out, they want your policy number, your name, the owner, if other than the insured's name. Sometimes people are the owner of a loved one's policy, or it's in a trust. Now, by reducing your face amount keeps your insurance policy in place, your life insurance policy in place, but now you reduce the face amount to save money. This is what you're doing, but you're not completely canceling your policy, you're reducing down the face amount. Now, this really works with the larger policy, like if you insure it for $300,000 you may want to look at 250,000 maybe even 200,000 or even half of that, $150,000 worth of coverage. You know, in the insurance policy, only thing you're doing is buying money, that's it. You're purchasing money at a low cost. You're going to put, in most cases, you will put more, less in it than it'll pay out, because you're buying money. Okay, that's one way to save money. If you have a loved one that's getting ready to go into a nursing home, or if they have Alzheimer's, dementia, you know you can do a transfer or ownership. Transfer or ownership, you need the policy number, the insurance name, the current owner information. You're going to fill out the form you get directly from your life insurance company, because now maybe your loved one is going into a nursing home, right? And now that nursing home may take that policy as an asset, they take all your money, they take your social security, your retirement benefits. When you go into a nursing home, you know, I've heard, you know, and they take your life insurance policy too, because they look at it as an asset. You can transfer that ownership now. The insured individual will still continue to be the insured person, you know, it'll continue to be the uninsured individual.
Donald Marquez 24:39
It just now the new owner can call in, make any changes necessary on the policy, banking information, address information, you know, beneficiary information to change beneficiary beneficiaries with the new owner. Let's see another one here. Oh, beneficiary change, uh. Here's a big one, and usually this happens if there's a divorce or you lost a spouse by way of passing. Change a beneficiary form. Let's say if you get a divorce, your spouse is on there as your primary beneficiary at a certain percentage. You may want to change that beneficiary. Contact your life insurance company and get a beneficiary change form. You could do it, you know. They could email it to you, print it out, fill it out, send it in, send it in. They may want the original copy, but they'll give you instructions on how they want you to send in the beneficiary change form. I've seen policies written where the primary beneficiary is at 50% and the contingent beneficiary is at 50% that is absolutely filled out incorrectly. So you have a primary beneficiary and you have a contingent beneficiary. The contingent beneficiary is in place just in case the primary beneficiary passes before the insured individual. Now the contingent beneficiary moves up in the primary position, that's what a contingent is there for. You don't fill it out 50% primary and 50% contingent, now again. Again, if you need help with this, you can contact your life insurance company, and they'll assist you. How to fill out these forms? Never feel like you're by yourself when you have a life insurance policy. You know, I do offer no obligation reviews of your life insurance, another, and I don't charge a fee. No obligation means I don't charge a fee to come see me, even if I don't, even when we come to agreement, you know. And you don't need another policy, I'll put your policy back and say, you know what, mr. Mister, you need to keep this. Sometimes, too, your health changes. 702-236-2624 223-626-2470 22362624 If you've taken out a loan on a life insurance policy, and if you need to rein, reinstate your life insurance policy because the policy has lapsed. 702-236-2624 My name is Don Marquez. This is your insurance connection. I'm a licensed insurance broker representing 60 life insurance companies, multiple auto insurance companies, homeowners insurance companies. I love doing this. I love being an insurance agent for the last 30 years I've been in the business. 702 236-236-2624 again 702-236-2624 Everyone enjoy your day again. Happy Father's Day to all the fathers out there. We'll do this again next week. Have a great day. Thanks for listening.
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