Do I have to have condo insurance if the condo board carries a policy?

Alliance Insurance Partners is here to help residents in the greater Scottsdale, AZ area with all of their insurance needs. Condo insurance can be tricky as many people aren’t sure exactly what type of protection they need. Don’t worry; we are here to help! Call us today with any questions that you may have about condos or any type of insurance.  

You need your own condo insurance policy.

While it is true that your condo board will have an insurance policy in place, it is doubtful that the policy will provide individual unit owners with any protection.

The insurance policy that your board or COA carries will cover things like the overall structure, common areas, major equipment like the air conditioner fans on the roof, and liability protection.

These policies will not provide any protection if an incident or damage should occur in your unit. This is why it is required for unit owners to carry out their own policies. And, if you financed the purchase of your condo unit, your lender will likely have a required level of insurance coverage that must be in place.

You will want your own protection regarding liability and damage and loss protection. Unit owners are responsible for any loss that may occur in their units, and the building policy will not cover related expenses.

We are here to answer any insurance questions you may have!

If you live in the Scottsdale, AZ area and have questions about condo insurance, you can rely on Alliance Insurance Partners. We are here to answer any insurance-related questions that you may have. Contact our office today to schedule an appointment to find out more.

What Are The Drawbacks of Life Insurance?

Getting life insurance is one the biggest gestures that you care about the well-being of your loved ones even after you pass away. If you are your family’s chief breadwinner getting life insurance means they will continue to enjoy the quality life they have now after you die. This is why at Alliance Insurance Partners, we encourage every resident of Scottsdale, AZ, to get life insurance. However, here are some drawbacks of life insurance that you need to be aware of;

1. Older Patients Pay Very High Premiums

When getting life insurance, the older you are, the higher your premiums will be. This is because the likelihood of death increases the older you get. The high premiums for older people put a massive burden on the elderly population seeking life insurance. You can avoid the high premiums by getting your life insurance when you are younger.

2. Calculating the Returns Is Difficult 

Calculating returns on life insurance policies is challenging because the returns are influenced by market performance and conditions.

3. Complex Policies

Life insurance policies can be tricky to grasp without the help of an insurance professional. There are different policies with different features that appear to be the same. Therefore, it’s easy to get confused and pick a policy that’s not what you need. This is why Alliance Insurance Partners always provides insurance professionals to help our clients figure out the best life insurance policies for their needs.

4. Awareness of Hidden Clauses and Exclusions

Most financial products in the market have hidden clauses and exclusions. It’s vital that you figure out the hidden clauses and exclusions in your life insurance policy before you purchase it. For example, most insurers exclude compensation for death due to involvement in criminal activities and drug overdose and have one year compensation wait period for suicide deaths.

Are you looking for a reputable life insurance policy provider in Scottsdale, AZ? Call Alliance Insurance Partners today.

Insurance protection basics for Scottsdale homeowners

Alliance Insurance Partners is here to help the residents of the greater Scottsdale, AZ area protect their homes. If you want to learn more about how a comprehensive homeowner’s policy can help keep your home safe, call us today.

Know the basics about homeowner’s insurance

Protecting your home from catastrophe is an integral part of being a responsible homeowner. If you are concerned that you may not have the right policy protecting your home, now is the time to make changes. As time goes on, your insurance needs will change. Changes and improvements will be made to your home, market home values will fluctuate, and you may make additional purchases that require a higher level of protection.

One of the critical considerations is if your primary home insurance policy is sufficient. Several different common policy exclusions can affect the protection of your home. You may need to consider adding supplemental policies to your overall insurance portfolio to get the complete coverage you desire.

Making sure that your home is protected does not need to be complicated. And, if you work together with a local agent, it is even easier. Once you know your coverage needs, finding the most appropriate home insurance policy is less stressful. Let us help you ensure that you have the right policy for your needs.

Find out more today!

Homeowners in the greater Scottsdale, AZ area can rely on Alliance Insurance Partners for home insurance. We provide a full range of insurance products and are here to help our community. If you have questions about home insurance, we are here to help. Give us a call or stop by our office today.

Review your home policy to ensure you have the right coverage

Alliance Insurance Partners is here for the greater Scottsdale, AZ area. If you have questions about insurance, we have answers. There are several different ways that insurance can help you protect your home, and we are here to help you find the right solution for your needs. Give us a call today.

Is it time to review your home policy?

Taking the time to review your home policy at least once a year can help you avoid any coverage gaps. It can often be too easy to keep renewing the same coverage time after time without looking closely at the policy. If it’s time for you to review your policy, make sure to take the time necessary to double-check that it provides the coverage that you need.

Your home’s value will likely change over time, and you may need to alter your coverage amount if the change is significant. And, if you’ve done any improvement work on your home, you will want to make sure that you increase your policy amount accordingly.

There are many different ways your insurance needs can change, and not all of them are straightforward. If you’ve had the same coverage for a while, it may be time to sit down with an agent for a comprehensive review. This can ensure that you have the right protection!

Have questions about home insurance? We can help!

If you are a resident in the greater Scottsdale, AZ area, we want to help with your insurance needs. Alliance Insurance Partners is a reliable partner who can help you find the insurance solutions that best meet your needs. Call or stop by today and let us help you!

What to Look for in an Auto Insurance Policy

When it comes to auto insurance, there are many things to take into account. It can be difficult to know what type of policy is right for you and even more difficult to find the right company to provide that policy. But don’t worry. In this post, we’ll outline some of the most important factors you need to consider when looking for auto insurance, as well as some tips on how to find the best policy for your needs.

1. Minimum Coverage Required by Law

Every state has different requirements for auto insurance coverage. In most cases, you need to have your policy meet or exceed the minimums required by law. However, you should never assume that meeting the bare minimum is best. It’s always a good idea to talk with an insurance agent about how much coverage you really need and what additional coverage might be able to protect you better.

2. The Deductible

The deductible is the amount of money you pay out-of-pocket before your policy kicks in and starts paying for damages or injuries caused by an accident, theft, or another covered event. Your deductible is an important part of your policy because it’s what you’re responsible for if something should happen.

3. The Coverage Details

Of course, not only should you know what your policy covers, but it’s important to know all of the details about each type of coverage included in your policy. This is crucial to know exactly what you’re getting and if it’s the right protection for you. Whether it’s collision coverage, comprehensive coverage, or uninsured motorist protection, being familiar with these details can help you better use the insurance policy once a covered event takes place.

There are many different things to consider when looking for auto insurance. Finding the right policy can be difficult, but understanding some of the most important aspects can go a long way in helping you find what’s right for you. Looking for auto insurance in Scottsdale, AZ? Alliance Insurance Partners is here to help you. Give us a call today for a free quote.

Disability Insurance FAQs

At Alliance Insurance Partners, we usually receive numerous queries about disability insurance from our Scottsdale, AZ clients. Today, we have prepared a FAQs section to shed more light on this coverage. Please scroll through to learn more about disability insurance. And if your question isn’t captured, please don’t hesitate to contact our office for clarification.

What is disability insurance?

It’s coverage that protects you when you can’t earn an income due to injury or illness. It’s designed to cover your income when you can’t make a living due to an illness or sickness. This coverage is crucial because you are more likely to become disabled than die when working!

When am I considered disabled?

The definition of disability may differ depending on the plan you are registered for. Some policies define disability as the inability to earn an income due to illness and injury. Others define disability as the inability to perform your duties given your experience, training, and education.

When do the benefits start?

After you are deemed disabled, benefits start trickling in after the waiting period has lapsed. Typical long-term disability plans have a waiting period of between 90 and 180 days, but for the group plan, the employer chooses the waiting period.

What are the different disability insurance plans?
Disability insurance isn’t a one-size-fits-all insurance plan. There are several types of disability plans. These include

  • Individual disability plans
  • Group disability policies provided by employers
  • Short-term disability plans for a period of 24 months and below
  • Long-term disability policies that take effect up to age 65

Above is just a snapshot of frequently asked questions about disability insurance. If you have more questions, please get in touch with a knowledgeable insurance agent.

How can I purchase disability insurance?

If you are in Scottsdale, AZ and its environs, you don’t have to sweat it out looking for disability insurance. Please contact Alliance Insurance Partners to learn more about disability insurance. We also provide different disability policies to cater to your individual needs.

Who Needs Long-Term Care Insurance?

Long-term care insurance is often crucial for the health and recovery of many people. But who exactly needs this type of policy? At Alliance Insurance Partners, we can help Scottsdale, AZ, residents better understand their care options and ensure that they get the help they need.

Who Need Long-Term Care Insurance? 

Long-term care insurance is a good choice if you or someone you love requires consistent and regular healthcare from a myriad of different sources. Long-term care insurance is suited for people who:

  • Live-in Nursing Homes – Long-term care coverage can protect those individuals in a nursing home and ensure that they get the hands-on care they need. 
  • Require Adult Day Care – Adult daycare is a standard option for people taking care of their older parents who also work. Long-term care insurance will cover this unique need.
  • Utilize Assisted Living – Do you or someone you love to utilize assisted living to make at-home life easier? Consider a long-term care policy to ensure you don’t pay too much. 
  • Care Coordination Needs – Coordinating long-term care can be rather complex, requiring high-quality insurance that helps to pay for this type of service.

Make sure that you talk to your insurance company about how this type of policy interacts with or supplements your current healthcare coverage. In this way, you can ensure that you get the most effective coverage necessary for your needs as a person or those of your loved ones.

You Deserve Quality Long-Term Care Coverage 

At Alliance Insurance Partners, we’ll work with Scottsdale, AZ, residents to figure out what kind of policies make the most sense for their needs. Then, we’ll provide you with the help you need making sure that your policy adequately covers long-term care for your loved ones.

What Does Disability Insurance Cover?

Thinking about investing in disability insurance in Scottsdale, AZ? Alliance Insurance Partners is here to help! 

Disability insurance may not seem necessary when you are young and healthy, but it’s a great way to prepare for anything that may occur when you’re working hard in your career. Many assume disability insurance is just for those who become injured on the job. In reality, disability insurance can cover injuries, illness, and pregnancy-related symptoms that can occur. 

Disability insurance helps provide financial support while you spend much-needed time on your physical, mental, and emotional health. While a disability can be physically exhausting and painful, what people go through behind the scenes can be even worse.

Insurance provides people with some comfort and peace of mind that the financials will be taken care of, leaving you and your family with one less thing to worry about while you prioritize your own health and wellness. 

Disability insurance can help cover the costs of medical bills, therapy, medication, and other things that have occurred due to a disability. It’s stressful enough to become injured or ill and worry about how this will affect your life and your family’s well-being. Disability insurance alleviates one major stress point. 

Scottsdale, AZ is a wonderful place to live, play, and work. It’s also one of the most popular cities in the US to start a business. If you’re working on a career here, investing in disability insurance is a great idea. You never know what could happen to you; we don’t have that kind of control. The best thing you can do is be prepared, and that’s what disability insurance can offer you.

If this type of insurance sounds like something you’d like to purchase, contact Alliance Insurance Partners. We’ll get you set up. 

Long term care insurance FAQs

Research shows that by age 65, you will need some long-term care. And if you are to finance your care from the pocket, you will spend about $140,000. Are you prepared for such a financial impact? And if you had savings, the primary goal wasn’t to finance your long-term care.

Given that you need long-term care at some point in life, you need to invest in long-term care insurance to get optimal care when you need it most. But because you may not be familiar with this coverage, Alliance Insurance Partners of Scottsdale, AZ, has prepared a FAQs section to answer most questions about long-term care insurance.

What does long-term care insurance cover?

Long-term care insurance cushions you against areas not covered by your typical health insurance plan. This coverage covers the cost of taking care of you when you have a chronic disease or disability. Most policies compensate you for the care given in facilities such as your home, nursing facility, and an adult care center.

Ultimately, you invest in long term care insurance to:

  • Protect your savings
  • Access more choices for care

When is the best time to buy long-term care insurance?

This is an individual decision. Most people tend to buy this coverage when they are approaching retirement. Others buy it through their employer when they are in their 40s and 50s. Generally, long-term care premiums are more affordable if you are younger than 65. At this age, your risk of developing chronic health conditions is much lower.

Long-term care insurance in Scottsdale, AZ

It might be difficult to imagine now, but you will need some help to take care of yourself at some point in life. The question is, how will you pay for it? At Alliance Insurance Partners, we offer long-term care insurance to ensure you get the much-needed help in your golden years.

Reasons You Should Insure Your Motorcycle

There are many reasons why you should insure your motorcycle and virtually no reason not to do so. You have invested money in your bike and the best way to protect it is by obtaining a motorcycle insurance policy and the insurance agents at Alliance Insurance Partners in Scottsdale, AZ can attest to that fact.

In Arizona, all drivers must have at least a liability insurance policy in place that covers both bodily injury and property damage. This law applies to motorcycles too which means you at least have to obtain that type of policy but here are other options you will want to consider to protect your motorcycle and your investment in your bike.

Comprehensive Insurance

Comprehensive insurance is great insurance coverage to have in place that will protect your motorcycle from several things, including fire, natural disaster, or vandalism. This type of motorcycle insurance policy will also protect your bike if it is stolen.

Collision Insurance

Collision insurance will protect your bike whether you collide with another vehicle or an object. An example of this would be if you collide with a utility pole and there is damage to the full. This part of your insurance policy will help repair the pole as well as your bike.

Other Options

When it comes to motorcycle insurance, there are a few other options you can consider such as roadside assistance. You’ll never be stranded again with this policy in place because roadside assistance will only be a phone call away if your motorcycle stops running whether it be on a freeway, a street, or a backcountry road. You can also opt to have medical payment insurance which will cover anything that your regular motorcycle insurance doesn’t cover if you’re involved in an accident.

To decide upon which motorcycle insurance coverage options are the right ones for you and your situation, you can call upon the experienced and trusted insurance agents at Alliance Insurance Partners in Scottsdale, AZ today!