Life Insurance Coverage: What Are “Final Expenses”?

Most people know they need insurance to cover things like their car or home, but what about final expenses? Final expenses are the costs associated with end-of-life expenses you may leave behind. While these costs can be expensive, there are ways to plan for them, so you and your loved ones are not left with a heavy financial burden.

Right Choice Insurance and Taxes in Tucson, AZ offers life insurance and final expense coverage to help you and your family during your death. Contact us today to learn more about our products and services and how we can help you prepare for the future.

What are the most common final expenses?

There are a few final expenses that are common among most people. These include funeral costs, medical bills, and any outstanding debts. Funeral costs can vary greatly depending on the type of funeral you want and the location of the funeral home. Medical bills can also vary depending on the kind of care you received and the length of time you were in the hospital. Outstanding debts, such as credit card bills or a mortgage, must be paid off before the estate can be closed.

Why is life insurance the best way to pay for final expenses?

There are a few reasons why life insurance is the best way to pay for final expenses. First, life insurance is designed to pay out a death benefit to your beneficiaries upon your death. This means that your loved ones will not have to worry about coming up with the money to cover your final expenses.

Second, life insurance is typically much cheaper than other types, such as health insurance. The death benefit is only paid out if you die, so the insurance company does not have to worry about paying your medical bills.

Finally, life insurance is easy to get. If you’re a resident of the greater Tucson, AZ community, Right Choice Insurance and Taxes can help you find the right life insurance policy today.

The Top 5 Mistakes People Make When Buying Home Insurance

Home insurance is one of those things that you hope you never have to use. But if the worst does happen, you’ll be glad you have it. That’s why it’s important to ensure you’re adequately covered. Unfortunately, many people make mistakes when buying home insurance, which can leave them underinsured and vulnerable in the event of a disaster. Consult with Right Choice Insurance and Taxes in Tucson, AZ for expert insurance advice.

Here the top 5 mistakes people make when buying home insurance so that you can avoid them and get the coverage you need:

1. Not Getting Enough Coverage

One of the most common mistakes people make when buying home insurance is not getting enough coverage. They either underestimate the value of their belongings or don’t realize that certain types of damage (like flooding) may not be covered by their policy. As a result, they end up with insufficient coverage and have to pay out-of-pocket for repairs or replacements.

2. Not Updating Their Policy Regularly

Another mistake people make is not updating their home insurance policy regularly. Life changes, such as getting married, having children, or buying new belongings, can all impact your coverage needs. Yet many people don’t bother to update their policies to reflect these changes. As a result, they could be underinsured (or even overinsured) and end up paying more than they need to.

3. Failing to Shop Around

Another common mistake is failing to shop around for home insurance. Many simply renew their policy with the same company year after year without comparing rates. However, home insurance rates can vary significantly from one insurer to the next. So, by shopping around, you could save considerable money on your premium.

4. Not Reading the Fine Print

Many people make the mistake of not reading the fine print on their home insurance policy. As a result, they may be unaware of certain exclusions or limitations in their coverage. For example, they may not realize that their policy doesn’t cover flood damage or that their personal belongings are only insured up to a certain amount.

5. Not Researching the Insurance Company

Lastly, people sometimes fail to research the insurance company before buying a policy. They may be drawn in by low rates or attractive discounts without considering the company’s financial stability or customer service record. However, it’s important to ensure you’re buying from a reputable insurer who will be there for you when you need them most.

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By avoiding these mistakes, you can be sure you’re getting the coverage you need at a price you can afford. And if you do have an accident, you’ll be glad you did. Right Choice Insurance and Taxes in Tucson, AZ can help you get the coverage you need at a price you can afford. Give us a call today for a free quote.

How Often Do I Need To Renew My Medicare Insurance?

The number one question when people find out they’re renewing their insurance is “When do I need to renew my medicare?” The good news is that most states have now implemented a system that allows people to choose when to renew their insurance. 

The deadline for most states is March 31, but many states also offer a grace period for people who are late. This allows people to pick the date and time of their next visit to the doctor. When choosing when to renew your health insurance, ensure to consider the number of visits you’ll pay each year. For questions, visit Right Choice Insurance and Taxes, a firm serving the greater Tucson, AZ community. 

Renewing Medicare Insurance: What You Need To Know

You probably don’t need to renew your medicare insurance every year. You will most likely only need to renew it when you change jobs or leave the health care field. Medicare insurance is guaranteed minimum coverage for your entire family. If you need to get health care for any reason, you will likely need to get the coverage that offers that service. This can be a good idea if you work in a position that provides health care. 

You may not have annual health coverage in place, but you can still benefit from medicare if you have an emergency and need to access emergency care or treatment. You can renew your medicare coverage every year by going to your health insurance company’s website. If your company is small, you likely won’t need to renew your insurance frequently, while large companies may need to renew their policies frequently. 

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If you work for a large company and need to renew your health insurance, you will likely need to file a renewal application with your company’s insurance company. The renewal application will list all of the benefits your organization receives from your insurance company and will ask for your approval to increase those benefits. 

You may need to submit an application that contains a larger number of benefits than your company’s current policy allows for, or you may need to submit an application that includes a smaller number of benefits. Spring and fall are the two seasons in which you should prioritize getting your Medicare membership renewed. Right Choice Insurance and Taxes in Tucson, AZ can help you with expert insurance advice.

How Renters’ Insurance Works

If you are a renter, it’s important to protect everything you have. You don’t need to have home insurance, as that is the responsibility of the home’s owner. However, you do need to have a renters’ insurance policy. These policies offer a number of coverage types, each of which is important for your protection. When you need renters’ insurance, give us a call at Right Choice Insurance and Taxes in Tucson, AZ.

Renters’ Insurance: What You Need To Know

It Protects Your Belongings

One of the most important ways that renters’ insurance protects you is that it covers your possessions inside your home. With this coverage, you are protected against incidents that could damage your belongings and cause them damage or destruction. When a covered event happens and your possessions are ruined, this policy can pay for your items so that you can replace them and get back to normal.

It Offers Liability Protection

When you are renting a home, you are largely liable for what happens there. If someone comes into your home and becomes injured there, you are likely to be liable for their expenses such as lost wages and medical bills. With renters’ insurance, it will cover those expenses. It’s important to have this coverage because of the high cost of medical bills and how that could affect you financially. It’s never a good idea to be without this coverage.

It Protects Your Standard of Living

It can happen that a damaging event occurs and your home is damaged. While it is uninhabitable, your renters’ policy can pay for you to live elsewhere. It pays for your living expenses during that time until you can move back into your rental.

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If you rent and don’t have renters’ insurance, give us a call today at Right Choice Insurance and Taxes in Tucson, AZ.

3 Things You Didn’t Know About Motorcycle Insurance

Anyone who has ever been in a motorcycle accident will tell you that they are no joke. Even a minor fall can result in serious injuries and extensive damage to your bike. That’s why motorcycle insurance is so important. Not only does it help to cover the cost of medical bills and repairs, but it also offers peace of mind in knowing that you’re protected in the event of an accident. Right Choice Insurance and Taxes in Tucson, AZ provides you with this guide on navigating motorcycle insurance.

3 Things You Didn’t Know About Motorcycle Insurance

1. There Are Different Types of Coverage

Just like there are different types of motorcycles, there are also different types of motorcycle insurance coverage. The most basic type of coverage, liability, will protect you in the event that you are found at fault for an accident. This type of coverage is required in most states. If you want additional protection, you can add on collision and comprehensive coverage, which will cover the cost of repairs to your motorcycle in the event of an accident.

2. Minimum Coverage May Not Be Enough

The minimum amount of motorcycle insurance coverage required by most states is usually not enough to fully protect you in case of an accident. This is because the minimum coverage limits are often too low to cover the cost of medical bills and repairs. If you have a loan on your motorcycle, your lender will likely require you to carry full coverage, including liability, collision, and comprehensive coverage.

3. You Can Insure Your Passenger

If you frequently ride with a passenger, you can purchase coverage that will protect them in the event of an accident. This type of coverage is called passenger liability, and it can help to cover the cost of medical bills and other expenses incurred by your passenger.

If you have a motorcycle, it’s important to ensure that you have the right insurance coverage. At Right Choice Insurance and Taxes in Tucson, AZ, we can help you find the perfect policy for your needs. Call us today to get started.

Tips to Drive Safely In Bad Storms

It can be dangerous to drive in bad storms, whether you are driving in snow, sleet, thunderstorms, or something much worse. If you are able to stay home, you should. However, if you have to drive, you need to use caution. Right Choice Insurance and Taxes in Tucson, AZ offers the following to help you drive safely in bad storms:

Tips to Drive Safely In Bad Storms

Be prepared. You should always make sure that your vehicle is ready for a bad storm. Always make sure that you have plenty of gasoline. You also want to make sure that your windshield wipers are good and your lights work. You may want to leave some water and snacks in your car, just in case you get stuck.

Give yourself plenty of time. You should never rush when you are driving in bad weather. Give yourself extra time to get where you are going. This allows you to drive slowly and carefully until you get where you are going.

Slow down. Drive slower than normal. Wet roads are slippery, so use more caution when turning and stopping. You should never slam on your brakes or try to accelerate quickly. This is just asking for trouble.

Always use your headlights. Whenever visibility is down, you need to use your headlights. This isn’t just to help you see. It is to let others see you.

Keep your windows clear. You may need to use the defroster (or air conditioner) in order to see as clearly as possible.

You should always drive carefully, no matter what the weather is. It also helps to have insurance. In order to protect yourself, you need to make sure that you have enough insurance for your automobile. Don’t hesitate to contact us today at Right Choice Insurance and Taxes in Tucson, AZ.

Is it required to have health insurance in Arizona?

The Right Choice Insurance and Taxes team is here to address your insurance questions, including those pertaining to health insurance. Residents in the Tucson, AZ metropolitan area can rely on us!

The short answer to health insurance requirement questions

While you won’t be penalized for not having health insurance, there are many great reasons to have it. If you opt for a catastrophic or high-deductible policy, you will enjoy several essential benefits.

Having a health insurance policy in place can help you avoid unwanted and unnecessary expenses. And, when you have a health care policy, you are more likely to have a General Practitioner who can address your health needs. Many people without insurance turn to their local emergency departments when they need medical assistance.

With a family doctor in place, you are also more likely to receive preventative care that can help you avoid or minimize more severe conditions and complications. So, while it may not be required to carry health insurance in Arizona, there are many great reasons to do so.

Choosing the right policy for your needs is easier when you work with an experienced and knowledgeable agent. You will feel better knowing that you have a policy in place!

Find out more about your options today.

If you have questions about health insurance, the Right Choice Insurance and Taxes team has the answers! We are proud to serve all of the insurance needs of the greater Tucson, AZ community. If you would like to learn more, give our office a call today.

Life Insurance: What Age is the Right Age to Get Insured?

It’s common to wonder when it’s really the right time to explore life insurance, and the answer is relatively simple: it’s always the right time to secure a policy that meets your needs according to your age, family status, lifestyle, and other factors. However, while your need for life insurance doesn’t change, the value and purpose of that policy will change over the years as you move through different stages in your life.

Let’s explore that further:

Single adults often overlook life insurance needs, but are surprised to learn that if they have a cosigner on any debt when they pass, the debt becomes the sole responsibility of that cosigner. Additionally, end-of-life expenses can be burdensome for loved ones without a life insurance policy. For single adults, life insurance is typically secured with these factors in mind.

Married adults without children begin to consider what their income means to their spouse and how they might replace lost income or pay off shared debts in the event of their passing. Married adults without children should consider both lost income and any marital debt when calculating the appropriate amount of life insurance.

Parents have new factors to consider, like the cost of raising a child without one income or sending a child to college. When parents take out life insurance, they typically think about any debt, lost income, and the future expenses associated with raising children. Life insurance needs are typically greatest for married adults and new parents.

Empty nesters and retirees begin to notice that the value of their life insurance may not need to be as high as it once was. Empty nesters and retirees should consider supporting the remaining spouse and paying off debts, if any exist at this life stage.

To explore your life insurance options, visit Right Choice Insurance and Taxes serving Tucson, AZ today.

4 Benefits Of Home Insurance

Right Choice Insurance and Taxes is an independent agency. We work with multiple carriers across the Pacific Northwest. We strive to help Tucson, AZ residents find the coverage they need to protect their assets. Our clients have access to multiple types of coverage to help navigate life’s challenges. We are confident that we can help you find the coverage you need to live comfortably.

4 Benefits Of Home Insurance

Like many Tucson, AZ residents, owning a home is likely the result of years of hard work and sacrifice. Home insurance allows you to protect your investment. Your home is covered in several ways. Here is a look at some key benefits of home insurance.

Liability Protection

Liability protection covers you from potential litigation as a result of an accident. Perhaps you invite a friend over to your home, and they slip and fall, breaking their ankle. Perhaps you are doing some outdoor work, and you accidentally damage your neighbor’s property. Maybe your dog is having a bad day and attacks someone. These are common situations when liability coverage protects you from legal action.

Natural Disaster Protection

Home insurance covers your property against natural disasters such as tornadoes or hurricanes. You are also covered if your home is damaged due to an accidental fire. The policy covers your repairs.

Detached Coverage

Home insurance covers any damage to detached structures such as your garage and deck.

Alternative Living Coverage

If your home suffers serious damage, you can add alternative living coverage to your home insurance policy. This alleviates some stress as you search for another place to stay while your home is repaired.

Right Choice Insurance and Taxes Will Help You Cover Your Assets

Give us a call to learn more information about home insurance.

Motorcycle Insurance FAQs

Motorcycle insurance is not required in all states, but depending on where you live, you may need to provide proof of insurance. In addition, if you are found at fault for a motorcycle collision, you could be held responsible for the damages. If you own a motorcycle in Tucson, AZ, Right Choice Insurance and Taxes wants to share with you some frequently asked questions and answers.

How Exactly Does Motorcycle Insurance Work?

A motorcycle insurance policy is very similar to a standard auto insurance policy. You will pay a monthly premium and file a claim if an accident occurs. You will be responsible for the deductible, and then the insurer will pay for the damages up to the policy limits.

Are There Additional Coverage Options?

It is a good idea to invest in collision insurance. This type of insurance coverage will protect your bike in a number of circumstances. In the event your motorcycle is totaled, this coverage will also pay for it to be replaced. Due to the fact that there are so many motorcyclists on the road without insurance coverage or not enough coverage, consider investing in underinsured and/or uninsured coverage.

You should also consider comprehensive coverage. This type of insurance coverage will provide protection when there is an incident that involves vandalism, theft, wind, water, or fire. There is also medical payment coverage. This type of insurance coverage will help pay for any medical expenses you incur after a collision.

If you have purchased a motorcycle recently in Tucson, AZ and need help determining the most appropriate motorcycle insurance coverage for you, sit down with us at Right Choice Insurance and Taxes. We can help you examine your lifestyle and driving habits, as well as your budget, and figure out a policy that works for you.