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Bailey Insurance Ltd Blog

Is Personal Property Coverage a Necessity on a Renter’s Insurance Plan?

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If you are a renter, then chances are you are quite familiar with renter’s insurance policies. The majority of landlords will require tenants to have a policy that has a minimum of $100k in liability coverage. However, what they don’t require is coverage of your personal property. Contact the experts at Bailey Insurance LTD in Phoenix, AZ for more information on adding personal property coverage to your policy.

It is a common misconception that personal property coverage under a renter’s insurance policy adds to the expense and is unnecessary. The fact of the matter is that this is untrue. While it is not required, getting personal property coverage costs only a few dollars at most, and can protect your assets when the unexpected happens.

How Does Personal Property Coverage Help Me?

Life can take an unexpected turn at any moment. A house fire, a pipe that bursts, all it takes is a single moment for your belongings to be destroyed. Losing everything is unpleasant, to say the least, so knowing that you have an insurance policy that covers those belongings is essential to recovering from a devastating event. Sure, you might not care about replacing the TV or your DVD collection. However, there are some items like clothing, mattresses, and other essentials that must be replaced in order for you to get back to a good quality of life. 

A renter’s insurance policy that includes personal property coverage will protect your items when disaster strikes. Liability alone will not cut it. The first step to getting better coverage is to add up the cost of any belongings you would want to replace if they were lost. Then, choose an amount of coverage based on that dollar amount. Give Bailey Insurance LTD in Phoenix, AZ a call to learn more about how much coverage you will need!

Reasons to Take a Good look at Your Auto Insurance Policy

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Do you only get auto insurance because it’s mandatory? Wrong. Any auto insurance is good coverage? You’re mistaken, again. Car insurance is an investment. And just like any other investment, you expect value for money. But how can you expect good returns without taking a deeper look at your investment? 

Do you know what to look out for in a good auto insurance policy? If not, Bailey Insurance LTD of Phoenix, AZ is here to share the reasons you need to take a second look at your auto insurance.

Auto accidents can be expensive

The cost of an accident goes beyond the vehicle damage. Auto accidents can be costlier than you think. Suppose you are involved in a severe auto accident, injuring several persons. Beyond the vehicle damage costs, add the cost of treatment. Worse yet, include the legal charges if the victims sue you. These costs can stack up to thousands of dollars. Can you manage these costs without car insurance?

If the answer is no, you need to have a deeper look into your auto insurance policy to see that it covers you optimally. And even if you have savings to cater to auto accidents expenses, was that the motive for saving? Certainly not. Review your auto insurance policy in and out to ensure it covers you against all facets of risks.

To pay for what you need

No one likes spending more money for less. And the same is so true about auto insurance. When is the last time you reviewed your auto policy? Does it still have coverages that are no longer applicable? Does it still include your teenage son who no longer drives your car? Critically look at your auto insurance policy to ensure you are paying for what you need.

Would you like to learn more about auto insurance? Please get in touch with Bailey Insurance LTD for more information. You can also come to our Phoenix, AZ offices to speak to one of our agents in person.

Is Motorcycle Insurance A Necessity?

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Motorcycle insurance is paramount to your protection on the roadways of Phoenix, AZ as for the rest of your safety gear. Splendid and affordable protection in Phoenix AZ is a prerequisite initiative for all motorcycle riders. Motorcycle insurance is a formidable tool for those who love riding motorcycles in Phoenix, AZ where there are fascinating sceneries to enjoy the freedom that only your motorcycle can provide. Connect with our agents at Bailey Insurance LTD and let our agents help you to choose the right policy and right coverage amounts, giving you peace of mind on the road.

Is motorcycle insurance necessary in Phoenix, AZ?

Owning a bike in Phoenix, AZ can be one of the fascinating things in life. Regrettably, many motorcycle accidents result in a fatality, a situation that warrants all-around protection if you are a motorcycle owner. Prolific motorcycle insurance provides the following benefits.

Provides guest passenger protection

Passengers who board your motorcycle might not possess good insurance coverage for themselves, exposing them to risks if they get injured on the road. With prolific motorcycle insurance, they need not worry about injury and the prevailing payments. Motorcycle insurance pays for their medical expenses, assisting them in averting any financial distress after an accident.

Liability protection

 Motorcycle insurance safeguards you if your bike propagates injury to another party or damages their property. It caters to costs of medical expenses culminating from injuries inflicted after causing an accident and repair fees.

Protection of your motorcycle

Safeguarding your recently bought assets like a new or used motorcycle is vital. Collision and comprehensive policies cater to the damage done to your property. Collision pays for repairing or replacing your motorbike if it is damaged from a collision with other motorists. At the same time, comprehensive coverage conveys the same protection if your bike gets damaged by non-collision events, even if it is parked at your home.

Are you a motorcycle owner in Phoenix, AZ searching for proper motorcycle insurance to protect you and your motorcycle? Call or visit us at Bailey Insurance LTD to get comprehensive information about motorcycle insurance.

Why do people need home insurance in Phoenix?

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Your home in the Phoenix, AZ area is a very important asset that you will want to enjoy for a long time. Due to the value of a home, ensuring that you have proper insurance protection at all times is a practical necessity. One of the best ways to protect your home is by getting a proper home insurance plan. You will need this coverage here for a few reasons. 

Coverage Protects Asset

A reason you will need coverage for your property is that it will protect your home. There is always a chance your home could be damaged in a fire, by vandalism, or due to bad weather. Due to this, you need to make sure you have the insurance in place to be prepared. With a home insurance plan, you will have the coverage necessary to protect this valuable asset and ensure you can make necessary repairs.

Coverage is Required

You will also find a home insurance plan is a requirement to maintain. Most property owners in Phoenix are going to finance their home purchases with a mortgage. If this occurs, you will need to carry insurance to comply with your mortgage lender’s standards. If you do not carry this coverage at all times, you could be in violation of your agreements. 

If you are a property owner in Phoenix, AZ, you are clearly going to need to have a home insurance plan. Those that are looking for coverage in this market will find there are a lot of choices that come with picking a plan. When you are in the process of choosing coverage, calling Bailey Insurance LTD is helpful. Bailey Insurance LTD has continued to help people in this area understand their options and choose plans that are right for their situation. 

3 Risks of Driving Without Auto Insurance

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Auto insurance is pivotal – yet you will encounter motorists in Phoenix, AZ without car insurance. But is it worth it? Driving without insurance can slump you into lifetime debts! If you have been thinking about driving without car insurance from Bailey Insurance LTD, here are the consequences. 

Fines and penalties

Like most states, auto insurance is mandatory in Arizona. If you are found driving without valid auto insurance, this could land you on the wrong side of the law. For first-time violators, you could get a license suspension and a fine of up to $500. Besides, your registration and license plates risk suspension, too.

Of course, these penalties become stiffer for repeat offenders. For instance, if you are a third-time violator, you could get a fine of up to $1,000 and a license suspension of up to one year! Why would you go through this agony yet you can get affordable coverage from Bailey Insurance LTD?

Uncovered asset losses

With so many risks on the road –drunk, teenage, distracted, and speeding drivers – it would be unthinkable to drive without car insurance. Without insurance, you have to pay for repairs of your vehicle when accidents occur. And if it’s a severe accident, your car could be totaled! As a result, if you ever want to drive again, you will have to buy a replacement vehicle from scratch.

Uncovered liability costs

Without car insurance, you will have to cover third-party costs from your pocket when you are at fault for the accident. And since these costs can be extremely prohibitive, they could wipe away your savings. And as if that isn’t enough, you can slide into debts as you try to cover the liability claims.

Buy car insurance today!

Having seen the dangers of driving without car insurance, now it’s time to purchase coverage from Bailey Insurance LTD. Contact us today, and we will protect you with an affordable car insurance plan. 

Things home insurance won’t cover

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Your home is your safe place and keeping it a safe place requires the right home insurance policy. No insurance policy covers everything and home insurance is no exception. If you were expecting your home insurance to cover anything that could go wrong, you will be disappointed. It won’t but being forewarned is forearmed. If you know what isn’t covered you can take appropriate action to make sure you are not left out in the cold if something goes wrong. At Bailey Insurance LTD in Phoenix, AZ, we are a locally owned independent agency that represents the best carriers in the business. 

Owner neglect

The insurance company has an expectation that you are going to maintain your home. You should replace your roof before it leaks all over your interior, and you should do repairs so that no one gets injured. If you get termite damage your home insurance won’t pay for the damage, you should be getting pest control treatments to make sure you don’t get infested. 

Flooding

Flooding is probably the biggest surprise to most people, but it isn’t covered unless it is from a burst pipe inside your home. Floods cause untold damage all over the country every year and even as little as an inch of water can cause more than $20,000 in damage. While your home insurance won’t pay for flood damage you do have the option to get a separate flood insurance policy. If you live in a flood-prone area, your mortgage holder may require you to have flood insurance. 

Land movement

Earthquakes, mudslides, and sinkholes are all considered to be land movement. Land movement is excluded from most home insurance policies. As in the case of flooding, you can purchase a separate policy if you live in an area where you are at risk. 

Contact Bailey Insurance LTD in Phoenix, AZ when you have any home insurance needs or questions. 

Should I get motorcycle insurance in Phoenix?

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The Phoenix, AZ area continues to be a great place for people to live in. The warm weather that exists for the entire year also makes it a good place to own a motorcycle. If you want to purchase a motorcycle when you are in this area of the state, you need to get proper insurance for it. There are several reasons that you should get this coverage here. 

Insurance Will Protect Motorcycle

If you decide that you want to buy a motorcycle in Phoenix, it will be something that you want to be able to enjoy for a long time. A great way that you can ensure that you will be able to do so is by getting a motorcycle insurance plan. With a full plan, you can have the protection that is needed to repair or replace your motorcycle following an accident, theft or a variety of other situations that result in a loss.

Insurance is a Requirement For Many

An Arizona driver of any type of vehicle is going to need to have an insurance plan that provides liability coverage. Additionally, a motorcycle insurance plan with collision and comprehensive coverage is required if you have taken out a motorcycle loan. By getting a full motorcycle insurance policy, you can be assured that you get the coverage that is needed to comply with these requirements.

Anyone that would get a motorcycle insurance plan in the Phoenix, AZ area should speak with the team at Bailey Insurance LTD. If you are going to call the insurance professionals with Bailey Insurance LTD it can offer you the support needed to build and choose a new policy. This can help to ensure that your motorcycle is properly covered and you remain in compliance with your insurance obligations. 

Tips When Buying Car Insurance in Phoenix, AZ

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Car ownership presents a sense of freedom and endless adventuring possibilities. But with all the goodies that come with a vehicle, owners are faced with a fair share of responsibilities. Of course, one of those financial responsibilities being auto insurance.

Sourcing for car insurance can be a challenging task. Car owners are often faced with questions like what’s the right amount of coverage? How can I reduce my car insurance rate? While the journey might seem somewhat bumpy, following the below tips from Bailey Insurance Ltd located in Phoenix, AZ can make the auto insurance buying process simple for drivers.

Shop for car insurance before heading to the dealership

It’s wise to get auto insurance before purchasing the car. This way, you will be able to drive off the vehicle to your location. Because car insurance is a mandatory requirement in Arizona, you may not drive your new car home without insurance. 

Beware of factors affecting your car insurance rate

It’s the wish of many drivers to keep their auto insurance down. But to achieve this dream, you need to be aware of factors affecting your car insurance rate. Some include:

  • Type of car
  • Your age
  • Marital status
  • Gender
  • Your location
  • Education and occupation
  • Driving record

While some factors might be out of your control, some like monitoring your driving record can go a long way in keeping your premiums in check.

Listen to what the law says

Arizona’s law requires drivers to carry insurance with the following minimum limits:

  • Bodily injury cover with a minimum of $25,000 per person and $50,000 per accident
  • Property damage coverage with a minimum of $15,000

Whereas it’s vital to observe the above, it doesn’t give optimal coverage for your vehicle. As such, you should consider the below additional auto insurance options:

  • Comprehensive cover to protect your car against damage, theft, fire, and some natural disasters.
  • Medical payments to cover for accident-related injuries.
  • Underinsured/uninsured motorist insurance to cover damages and medical expenses when involved with an accident with an at-fault driver with no or inadequate insurance.

Need more information on auto insurance? Please get in touch with Bailey Insurance Ltd in Phoenix, AZ, for more insightful auto insurance tips. And if looking to purchase car insurance, we are here to help.

Who needs renters insurance in Arizona?

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The Phoenix, AZ area is continuing to be one of the faster-growing metro areas in the country. As more and more people come to this city and area, they will find that renting a home could be a better option than buying. With renting, you will have less responsibility and can have the flexibility to move at the end of your lease term. If you choose to rent here, you do need to get the right insurance coverage. There are several situations when someone here will need renters insurance.

Those that Want to Protect Personal Assets Need Coverage

A common reason to get renters insurance when you are in this area of Arizona is that it can protect your personal assets. If you get a renters insurance policy, it will give you the protection you need to repair or replace all of your personal assets, up to the policy limit. If there is ever a fire or theft, this could save you a lot of money. 

Those That Have Requirements Need Coverage

When moving into a new home, you need to carefully read your lease. Many leases today have provisions that will require you to get renters insurance. Many landlords will want to check and confirm that your renter’s insurance policy is in place when moving in. 

For those that are going to rent a property in the Phoenix, AZ area, it will continue to be very important to get the right insurance. The best way to build and select a new policy is by calling the professionals with Bailey Insurance LTD. If you are going to call Bailey Insurance LTD you can learn a lot about how the insurance plan can protect you. They will also offer the support that you need to choose the best policy for your situation. 

Ways Phoenix AZ Residents Can Improve Safety At Home

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Ways Phoenix, AZ Residents Can Improve Safety At Home

Nothing feels more important than making sure your home is safe to protect your loved ones. With an average property crime rate of 33.3%, Phoenix, AZ residents need to take steps to safeguard their homes. Fortunately, there are very many things you can do to improve home safety. From quick and easy modifications to complex home security systems, here are a few smart ways to protect your family from severe burns, falls, fire, or other injuries.

Secure your doors

Burglars tend to watch your door for entry and exit before trying other means to enter your home. It would be a prudent idea if you had your locks reinforced and make it a personal commitment to lock the door before retiring to bed. Make sure the hinges are protected and the frames are strong.

Eliminate trip hazards

If you have young children in the house, you should know better how fast accidents happen at home. Children can easily trip, fall, and get injured over slippery floors or when running too fast. To avoid such mishaps, Bailey Insurance LTD recommends installing non-slip surfaces, solid handrails, safety gates, and adequate lighting.

Set up a security system

Your Phoenix, AZ home should have more than one form of security. It can be a simple DIY system or a smart security system with home automation and professional monitoring. The market today provides a wide range of security options based on your budget and needs. Therefore, choose a system that serves your needs.

Clear bushes and any hiding places

Giant trees, trunks, shrubs, and other plantations can be appealing for burglars to hide. Avoid ignoring large plants in your compound, add more lights, and trim trees and plants closer to your home that could be used for cover.

Don’t forget to buy adequate coverages in your home insurance policy. At Bailey Insurance LTD, we have everything you need to ensure that you and your family are safe. Be sure to drop by for a quote.