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We talk about saving money on auto insurance, homeowners insurance, and - yes - we talk about life insurance!
Wesley Knight 0:00
This is a KU NV studios original program. 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. Dave
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, homeowner's insurance, yes, and we talk about life insurance. Welcome to the show you. Good
Donald Marquez 0:45
morning. My name is Don Marquez. This is another edition of your insurance connection right here at KU NV, 91.5 jazz and more. Early Sunday morning right here, k, U, N, V, talking to you about insurance. I'm going to licensed insurance broker right here in Southern Nevada. I'm also licensed in California, Louisiana, Texas and Michigan just added to the table now for auto insurance and homeowners insurance, I can write in 48 states, excluding California and New York. So people listen to KU NV all over our beautiful country. So you can contact me at 70223626247022362624,
Donald Marquez 1:30
with insurance concerns or let's compare rates. Let's compare rates which you currently paying now for your auto insurance. Let's take a review on your life insurance. Let's talk about your homeowners or renters insurance. Let me say this about renters. If you are you are required to care renters insurance. You should be by your landlord because it protects you and your landlord. Your landlord is not responsible for your personal property. I'll just put it out to because, you know, some some tenants think, well, my landlord has insurance, but your landlords does not cover your jewelry, your furniture, your personal property, your clothing. Now, with the renters insurance, you have loss of use, and also with homeowners insurance as well. Now with the loss of use, that means if you cannot occupy the unit or the home. Let's say there was a fire or damage, water loss, damage, and you can't stay there while in there, rebuilding the unit. You receive lots of use that. What that is that's money to pay you while you're living somewhere else, somewhere else, to relocate you, or money to give you. For instance, let's say you're a homeowner. Let's back up a little bit. You're a homeowner, yeah, there was a fire in your home. You have to relocate. You can receive money every single month, and your loss of use coverage. You know, this probably applied for a lot of people that had the California fires. Remember the California fires for them to maintain and find another home to live in and not have a mortgage and and rent while they're waiting for their homes to be rebuilt. You know, you use that loss of use, it's right in your policy, as well as a renter, you can also use loss of use if you have to relocate or, you know, for maybe a couple weeks or so, your apartment had damage to it, and you plan on going back, you can use a loss of use. My name is Don Marquez. This is your insurance connection. I'm a licensed insurance agent right here in Southern Nevada. My office is located on the corner of Sahara Rancho in the US bank center, eighth floor. I work by appointment. My business hours on Monday through Friday, from 10am to 5pm 702-236-2624, I give that number out quite often during my show. So if you didn't get it the first time, I give it out quite frequently. So just keep it tuned right here at KU nv 91.5, jazz and more. And for this valuable information, I'm giving you every week, or come on air every Sunday from 8am to 830 I want to thank the listeners that contacted me and purchase home auto and Yes, life insurance, auto insurance. If you you know people are, it's the first of the year, you may think, Well, you know, my car is getting a little old. My oh, I need to change it out and purchase another car. Buying a used car, there are some do's and don'ts, or just to be aware of when you purchase, purchasing a used car, and you're not putting a lot of money, or even a new vehicle, and you're not putting the money, a lot of money down on your car, make sure you get the GAP insurance. That's really, really important, the gap insurance. Now, as an insurance broker, we do offer GAP Insurance and our insurance policies, our car insurance policies, but I think you know that would be another additional bill. And I. Mean, and you can compare. And I think that, I think the dealership probably is going to offer a lower rate through the finance company for your gap insurance. Now the gap, the finance companies do offer gap, and I encourage you to purchase gap if your vehicle is upside down, and it's very easy to get upside down with the cost of these cars. Today, if you have a trade this you still owe money on, they'll put the balance on the trade on your new purchase, whether it's a new car or pre owned car that goes right on your new purchase. Now that puts you in a gap situation. What the gap does is cover your loan amount. The insurance companies settle car total losses on actual cash value. What is that? It's usually about? I think it's the low Blue Book of most cars. I'm just guessing. I'm not 100% accurate. I'm not in the claims department. I'm a licensed insurance agent that offers home, auto life insurance, boats, motorcycle insurance, but you can negotiate if you feel that your claim settlement is just a little lower than you expected. What I encourage you to do is go online and get three comparisons. My you know, same year, make model, same mileage, and give it to your claims representative. You can email to your claim representative that this is the same year, same car, similar mileage. You know, you can't have, you know, you can't have 70,000 miles on your car. And then, you know, print a car with, let's say, 30,000 miles on it, because that's a significant difference in the mileage. You want to find something around, you know, around that arena, within 10,000 miles, to make a fair comparison, and then, so this is what this car is selling for. You're offering me this amount. Let's negotiate somewhere in the middle. And most people don't know that. Now, when you when you have a car accident, your whole life is turned upside down. You know, you have to go to the physical therapy. You get your car repair if it's repairable. Now, if you have an older vehicle, more than likely the insurance companies will total it out. I had a conversation just the other day. Lady had a car 19 years old, and she had a car accident, rearing collision. She was not at fault, you know? She said, Well, you know, anything? Any recommendations where I can take my car to get it repaired? I said, Well, you know, more than likely I probably told it out they probably don't want to repair a 19 year old vehicle. And even getting the parts on these older vehicles, it's a little challenging for the body shops. But again, every situation is different. Every situation is unique and different. If For more information, you can contact me at 702-236-2624
Donald Marquez 7:47
702-236-2624 if you just tuning in for the very first time, welcome. Welcome to the show I've been broadcasting right here. KU NV, 91.5 jazz and more going on three and a half years now. Amazing, unique opportunity to come on the air and talk about insurance. We pay for insurance every month. Most people don't know their coverages. Unfortunately, when it comes to auto insurance, definitely they're homeowners. People get it's a misunderstanding with the homeowner's insurance policy. We don't look at what the value of your home is. When it comes to homeowners insurance, we look at the replacement cost, what it costs to rebuild your home. People you know, you know, because I've had people contact me and say, Well, you know, my house is worth XYZ dollars, but I'm only insured for this amount. I'm under insured, not necessarily, not necessarily, I always give the example. If you you have a three bedroom two and a half bath home, two car garage, and it's beach front property in most places. Let's say, well, let's say, let's say Newport Beach California, or Laguna Beach California, your three bedroom two and a half bath, two car garage would be worth in the millions, but it doesn't cost in the millions to replace your home, to rebuild your home. Just keep that in mind, we go by the cost of labor and the cost of materials to rebuild your home. Now I've seen a lot of home policies, some of them are under insured, a little bit slightly under insured, because they're not keeping up with the cost of buildings, the cost of materials, you know. And I don't shave down any, you know, when it comes to the dwelling coverage of your home, I don't shave that down, because if I shave it down, then you're under insured. And if something happens, and don't ever think anything can happen, I've talked to many of you, and you said, Well, you know, I've never been in a car accident. I've never had to file a claim against my own well, don't say never, because it could be a point where you need to file a claim for your home, for your office. I told because it was an accident, or because you had something happen to your house. You had damage to your home. I encourage you, when you wash your clothes in your house or your apartment or your condo, wherever you live, turn the water line off on the washing machine. Turn the water line off from the washing machine. I've had many conversations with people. They're out of town at the grocery store, maybe they're at church, or they're not at home when this happens, or like me, I was in the bed when it happened to me, the water line broke on the washing machine. So when you have the water lines turned on both hot and cold, you know that's the pressure on the lines on the washing machine hoses, and they go up and down. They fluctuate up and down, up and down, up and down. Eventually they will break, and now you have a flood on your hands. Now, unfortunately, people sometimes are out of time when this happens and they and they come home and water damage is everywhere because you know, you don't know. I mean, if you don't, if you don't turn that water line off, you know, no one's going to turn it off. The water will just keep running, running, running, until someone turns it off. This is News. You can use. Turn the water lines off when you finish washing your clothes. Of course, when you need to wash your clothes, I wash my clothes once a week. I turn my water line back on. Now, you know, some of these home builders where they have have a lever you push back and forth, which is nice because it turns both the hot and cold water water off. So you don't have to turn, you know, both hot and cold off. But it's just another step to prevent damages to your home. You water heater. You should drain it at least, they say every nine months, or once twice a year, I drain mine just recently, and the yuck came out of it first, and that was my first time draining it. Now I'm a little guilty. I bought my water heater two years ago, Easter. Easter weekend, my water heater went out two years ago. It was it was time to change the water heater. Now, only thing I need to do all thing you need to do is connect the water the water hose, to the water heater, and turn the valve on. And you need at least a 50 foot water hose and let the water run in the street, on the sidewalk. And you're all good. So once it drains for about that takes about 30 minutes for it to drain. You turn the water line OFF. You turn it off from the faucet, right from your water heater, and you disconnect the water line, the water line the hose, and let it refill. Now, some people go on top of the water heater and turn it off while they're draining it. That's not necessary Let the water flow to flush it out. Real good. I learned this a couple of weeks ago when I drained my water heater because I thought about turning the valve off on top of the water heater to drain it, but I said, no, that's just someone let the fresh water come in to get a nice drain flush all the contaminants out, because the contaminants is the reason why homeowners buy water heaters every five to seven years, and I bought plenty of water heaters over my time. But, you know, I'm it's not that difficult. It only took me 45 minutes to do, you know, to drain my water heater, and it took another two hours to get my water hot, like I like it. So, you know, it's this news you could use. You know, when you're on, when you are a homeowner, things you can do to prevent further losses. This is why I'm bringing this conversation up. People file claims against their homeowners insurance policy quickly finding out they may or may not have the flood inside flood coverages, I've seen many homeowner policies, not that I've written, but other companies out there to save you money. They exclude water losses and with inside your home, not all policies are equal. Keep this in mind for more information for an insurance review, no obligation. I don't charge when you come to see me, my contact number is 702-236-2624 702-236-2624, my name is Don Marquez, a licensed insurance agent, and 48 states for home and auto license for life insurance Nevada, California, Louisiana, Texas, and I just recently at Michigan. I'm here for you. I love what I do. I've been an insurance professional for the last, oh, my goodness, 30 years. Now. I just a little bit quick background check with me. I started with Allstate Insurance company back in the late 90s, and I stayed there seven years with my own agency and staff. So you know, when you go with what you do and you love what you do, you know you get opportunities. And I was given an opportunity to go to triple A insurance company, which I stayed there long in. To retire in 2015 I decided to go on my own as a broker, because I got tired of calling brokers to insure my life insurance customers for life insurance, and sometimes they had underlying health conditions. They had diabetes, lupus, a history of cancer, maybe liver and kidney disease. They were on dialysis, you know, multiple sclerosis. It was a series of underlying health conditions that the companies that I work for, they did not insure those individuals. Just because they have life insurance doesn't mean they have to insure you. I represent 60 life insurance companies. Let's find a rate that will fit in your budget. We can do that. We can find a rate that will fit in your budget. Everyone needs life insurance. You know, I had a caller call me, and she made a comment. She said, when you die, your debt dies with you. That's not accurate, not at all. The mortgage still. The money is still owed for the mortgage. If you have a car, if you have a spouse and you joint bought your home, you still owe the mortgage. The mortgage is still owed because you signed, both of you signed for the house, so you have two names on the loan, so the money is still owed to the mortgage company. Now let's say you purchased a vehicle together, right? The money is still owed because now you co signed, both signed on the dotted line for the car. That money is still owed unless you take out insurance to cover the losses. This is the only way it can be forgiven, you know. So it's don't think that, you know. Well, you know, my dad's died, my husband passed. You know that was his debt, not my debt. If you're on loan together, even if you own the credit cards together, that money is still owed, not as a authorized user, but if you sign for that credit card, joint together as users on that credit card, you could be liable. And I use the word could be,
Donald Marquez 17:05
just to be, you know, just to be. It's on the safe side, because every snapshot is different. And I'm bringing this up because you need to protect yourself. You know, the fallout of losing a significant other, husband or a wife, and the continuation of life, and if you lose that paycheck, or that paycheck is reduced, that monthly income paycheck is reduced, it really devastates families, especially when there's young children left behind. Even if you're a senior citizen and you lose your spouse, you still have to survive. Life still goes on. You know, utility bills still come in every month, whether you're here or not, and your surviving spouse has to pay these bills, the car payment, the car insurance, still has to be paid. Your surviving spouse is still responsible for those bills. Now, if you say, Well, you know, he bought all that on his own, maybe that might be a little different. You know, if the husband bought, you know, the car by himself, but credit cards was in his name only, right? And the mortgage was in his name only. But you want to keep the house so, you know, you the house may go on a probate. It's always good to get your paperwork in order. It's never too late to get your paperwork in order. But I do work with a colleague. Her name is Christine Bernard. She is a paralegal. She helps me with my clients, to put someone on the deed of the home, so you will not lose a home to probate. Hopefully, you know, it's just a little small thing to do that goes a long way putting putting up a person on your home, on the deed or your home, regardless of whether you have a mortgage or not. You know, it avoids probate. You don't want to put the home in probate. Once it comes out of probate seven years later, your family members won't probably be able to afford the house because of court costs and a mortgage and the bills. It just adds up. And, you know, and I've talked over 30 years talking to family members have lost their home because simply they wouldn't go down to get their name on the deed. My name is Dave Marquez, if you'd like to get in contact with Christine Bernard to go over your deed. And she also writes wills, and if you get a speeding ticket, she can get a reduced down to a parking ticket if you have not already paid for the speeding ticket. My contact phone number is 70223626247022362624
Donald Marquez 19:28
This is News You Can Use. You know, I tried to be informative. It's a lot of moving parts with insurance. It totally is I surround myself with professional people that can help my customers with their daily activities with and you know, just to make sure everything's in order, how many times you've heard you know a person passed and the family members are tan up the house looking for the life insurance policy with a person, or a person could simply said to family members, you are my beneficiary on my life insurance policy. And this is where I keep my life insurance policy. My children know where my life insurance policy is. I don't make it difficult. You know when that day comes and it comes for all of us to make it convenient for my family members to find my life insurance policy. And if you have a life insurance policy and your spouse have passed and they were the only one as a beneficiary on your life insurance policy. You need what we call a change of beneficiary. Contact the insurance company and said, My spouse passed and I don't have a contingent beneficiary to move up to a beneficiary, a primary beneficiary position. You need to change a beneficiary form, because your family members come to quickly find out when you pass there's no beneficiary, the policy goes into probate. Here we go again. Simple thing to do, just pick up the phone, contact your insurance company said, I need a change of beneficiary form, email to me or mail to me so you can update your life insurance policy. If you need assistance, my contact phone number is 702-236-2624, I do not charge for my review services. I don't charge it off. Had many customers ask me, Well, how much I owe you after this is so helpful. You know when you purchase a policy, this how it works. When you purchase a policy, the insurance companies compensate me, regardless of the product, auto, home life insurance, renters, boat, motorcycle life insurance. So you know that I get compensated by way of offering a policy. You purchase a policy, and sometimes you know as you're in better position when you when sometimes these policies you purchase, you purchase by way of mail, you purchase accidental only life insurance. And why would you do that? I know why. Because at a rate the price look very attractive. You know, keep in mind it says accidental death insurance or travel accidental death insurance. Think about that. It does not cover financial causes. I have life insurance policies. There's no physical exam required. Protection starts from day one. And most cases, not all cases, but in most cases, bills, cash value bills, cash value money you if you need, you can borrow against over time, because it does take some time for your policy to build cash value. I mean, this is News. You could use policies no physical exam required, just a few days, yes or no questions. It only takes less than 30 minutes. We'll get right to it. Now, I can write a life insurance policy over the phone. I can write an auto insurance policy over the phone, homeowners over the phone, renters over the phone, 702-236-2624 702-236-2624 you can also text me at that number, or if you like to email me. My email address is donald.marquez@outlook.com donald.marquez@outlook.com now if you do have a life insurance policy and you have young children or or grandchildren under a under the age of 17, we can add them on your life insurance policy, as long as they're under age of 17. Now with the children or grandchildren under age 17, we add them as a writer on your life insurance policy. We add them as a writer on your life insurance policy. Keep in mind, if you have the regular life insurance policy, it includes accidental death. I mean, if you Dave an accident, the policy will pay. Now, some people have asked me, What is the two year wait period? Now this is important. The two year wait period is because if you have underlying health conditions, let's say you're on blood thinners, for an example. Mostly, I don't know any insurance company will give you day one insurance. I'm just gonna be honest with you, you know, day one insurance on blood thinners is very difficult to get, very good, if not impossible. However, two years go by really quick. 24 months. I mean, that goes by in a heartbeat. You know, we can reflect, you know, especially if you're a senior citizen, 10 years ago, how quickly that went now, two years now, the insurance companies are saying, we're not going to deny you coverage, but we'll give you a two year trial period, two year wait period before the full benefit of the life insurance policy is available. Now you do not as a beneficiary, do not lose your benefit if the if the insured individual passes before the two year period. What happens is the insurance company reimbursed the beneficiary all premiums paid into the policy, plus additional 10% now some policies do offer a little bit higher percentage on the second year, up to 20% but 24 months and a day, if that person lives 24 months in a day, then. Upon when they do pass, the premiums are still due moving forward when they do pass, the full face amount of the policy is available to that individual when they pass. Keep in mind this if you do have, regardless, if you have a policy with a two year wait, or if you have a policy without a two year wait. And now all insurance companies do have the right to do a look back. That's their given right to make sure there was no foul play or no concealment. Some of these policies, I offer up to $50,000 no no physical required, all insurance companies do have the right to do a look back to make sure that you know when you purchase the policy, you didn't, you didn't find out you had cancer or you had heart disease. So, you know, it's just, it makes sense. You know, these insurance companies are very smart. They've been around for a very, very long time. They know better and and this, this metaphor, if I take out a life insurance policy, somebody gonna try to hurt me? No, no, they go to jail. The life insurance companies are very wise to that. I've heard people say that, well, if I get a life insurance policy, my wife gonna kill me. No, she's not. She won't get away with it. No, the police are very smart. The life insurance companies are very smart. They send, you know, they have a team of people going and detectives, and they'll find out the truth. And you can look on television episodes, all of them get caught, and that's TV telling you, you know, don't worry about that, that. You know, life insurance is a gift of love. They're just making sure that when we pass and when we will pass, you know, the debt that we leave behind, you know, it's covered. That's all it is. It's a it's a preventative savings account. Now, if you can purchase car insurance, what is more important? Car insurance or your life insurance? Yes, if you're going to drive a car, it is required for you to have a car insurance. That's the law. It should be a law saying, you know, you should have life insurance. What it does, it does, it protects your family from passing on generational debt. And the United States, generational debt is about 60,000 plus, plus, plus, plus, and that's not hard to figure out. A funeral, 15 to $20,000 okay, round, $20,000 right there you have a car payment lab. $35,000 on a car payment. You just bought a car. So right there and put you add to a $20,000 funeral, $35,000 car balance. That's 55,000 See, that adds up really quick. Or you can juggle those numbers around if you own $20,000 in credit card debt, which is not uncommon these days. And now you have a $20,000 funeral. You in at 40,000 already, and you have a car payment left with 15,000 you have 55 grand. $55,000 already as a quick now, not not to mention young children. You know, college debt and then just a debt to live day to day, going to the grocery stores, paying utility bills, just just living. My name is Don Marquez. This is your insurance connection. 702-236-2624 702-236-2624 let's sit down and have a conversation. Let's make it happen. 702-236-2624 everyone have a beautiful day today. Enjoy this beautiful sunshine that we have right here in Southern Nevada. We'll do this again next week, until then, just keep it crispy. You.
Transcribed by https://otter.ai