What is flood insurance and what does it cover?

Posted on September 29, 2022September 29, 2022 by agentinsure

In 1954, a major flood hit Queen Creek, AZ, damaging 17,000 acres of crops and causing $1.8 million in damage. Since that time, the town has focused its efforts on flood control and education. Flood insurance comprises one of the essentials of those flood control efforts.

Flood Insurance: The Basics

At The Insurance Team, we offer flood insurance policies that help you protect your home and business. We work with the National Flood Insurance Program (NFIP) to offer a complete collection of flood policy options. You can purchase a policy that covers:

Structure only,
Contents only,
Structure and contents.

This means that you can either choose to insure only the building itself or your personal or business property inside it. A contents and structure policy covers both.

Why might someone want a structure-only policy? A landlord typically covers just the building because the contents belong to their renter. The renters buy their own policies.

The renter typically chooses a contents-only policy. This applies whether the person rents a home, office, or storage center.

Homeowners and vacation homeowners typically choose the structure and contents policies, as do business owners who own the building that houses their business.

You can find out what flood zone your home or business resides in by checking the Federal Emergency Management Agency (FEMA) website.

Which policy type do you need? How much flood insurance do you need?

Let us help you answer that question. Contact The Insurance Team serving Queen Creek, AZ for an appointment today. We’ll consult with you on your flood insurance needs and help you choose a policy that fully addresses your needs.

Don’t Leave Your Family Unprotected

Posted on August 29, 2022September 7, 2022 by agentinsure

Do you ever consider what would happen to your loved ones in the event of your passing? How about leaving a financial gift for those you care about the most? The Queen Creek, AZ professionals at The Insurance Team can help you choose the level of protection that best suits your needs.

The Insurance Team services 38 different states across the country providing lasting peace of mind for their clients and loved ones.

There are several different ways this policy can be used by your loved ones to help with financial responsibilities:

A life insurance policy is designed to compensate your beneficiaries at the time of your passing. As illnesses or accidents and other unexpected events occur all the time, don’t leave your loved ones without financial protection.

Your loved ones can mourn without the burden of funeral expenses that will be due. These expenses can be paid with the insurance policy proceeds.

Are you currently carrying a mortgage on your residence? If so, ensure that you have adequate insurance to cover this amount. You do not want your family to be concerned about the possibility of losing their home.

A life insurance policy can act as a financial safety net for your family, business, or others. It is essential protection you can be sure of as your beneficiaries will receive a tax-free, lump-sum payment that is guaranteed to be paid in full and can be used for childcare, healthcare, tuition, and for the elimination of household debt.

Give Us A Call

Our agents at The Insurance Team in Queen Creek, AZ can tailor a policy to meet your individual needs. If you require additional information, get in touch with us today.

Do I Need to Purchase Auto Insurance If I Don’t Own A Car?

Posted on July 12, 2022July 12, 2022 by agentinsure

If you don’t own a car, you may be wondering if you need to purchase auto insurance. The answer is yes – you still need to be insured, even if you don’t have your own vehicle. There are several reasons why this is the case.

Here are some reasons why:

1. You Rent Cars Often

Most rental companies require that their customers have insurance before they can rent a vehicle. Otherwise, the customer would be responsible for any damages that occur while they are driving the car.

If you don’t have your own auto insurance policy, you can purchase short-term rental car insurance from the rental company, or you can purchase a non-owner liability policy. For either of these options, it’s important to make sure that you are properly covered in case of an accident.

2. You Borrow Car Often

Even if you don’t own a car, there’s a good chance that you borrow other people’s cars from time to time. Maybe you have a friend or family member who lets you use their car when you need it. Or maybe you use a car-sharing service on occasion.

In any case, if you are borrowing someone else’s car, you will need to be insured. Otherwise, the car owner’s insurance would be responsible for any damages that occur while you are driving. The best way to insure yourself in this situation is to purchase a non-owner liability policy from a reputable company like The Insurance Team in Queen Creek, AZ. This type of policy will cover you when you are borrowing someone else’s car.

Give Us A Call

As you can see, even if you don’t own a car, you still need to be insured. There are several reasons why this is the case. If you are ever in doubt, it is always best to err on the side of caution and purchase some form of auto insurance. Contact us today at The Insurance Team in Queen Creek, AZ, for your non-owner auto insurance.

Commercial Insurance FAQs

Posted on May 31, 2022June 13, 2022 by agentinsure

As a business owner, you want to do everything you can to protect your business from all the things that could happen to it. Different types of businesses face different types of perils. You don’t need to protect yourself from things that will never happen to you. But, you need to have enough to protect yourself from the risks your business faces. The Insurance Team in Queen Creek, AZ is here to help you find the right balance of commercial insurance between affordability and necessity.

Commercial Insurance FAQs

What are the commercial requirements in Arizona?

The only legally mandated commercial insurance required in Arizona is workers’ compensation. All employees, whether full or part-time, must be covered.

Does commercial insurance cover flooding?

It depends on what kind of flooding is involved. If a pipe bursts and floods your business, this should be covered. If a stream, river, or ocean rises and floods your business, then no, it isn’t covered with commercial insurance. If you live in an area prone to flooding, you can purchase a separate flood insurance policy through the NFIP.

What does commercial property insurance cover?

Commercial property insurance covers the building that houses your business if you own it. But even if you don’t, it covers all of your business property inside the building. Your inventory, tools, office equipment and furniture, displays, machines, electronics, and raw materials. All the things you need to do business.

Do home-based businesses need commercial insurance?

You should talk to your insurance agent. In most cases, your home insurance will not have enough coverage to protect your business. The liability portion of your home insurance will not cover people who are visiting you for business. Your personal auto insurance won’t cover your vehicle if you use it for business.

Contact The Insurance Team in Queen Creek, AZ for a no-obligation quote.

What protection home insurance offers in Queen Creek, AZ

Posted on May 27, 2022May 27, 2022 by agentinsure

So many things can go wrong in your home, you need to be protected. The Insurance Team in Queen Creek, AZ is your local independent insurance agency. We are dedicated to making sure our customers have a great insurance experience. We work for you to check multiple carriers, so you don’t have to. Let us help you to get the insurance that fits you and your needs.

What Protection Home Insurance Offers

Home insurance isn’t just one type of insurance, it is four kinds. The traditional coverage is property, liability, content, and loss of use. All of them are important and serve a purpose.

Property insurance protects the physical structure of your home and any of the built-in appliances. It pays to replace the systems like HAVC, electrical, and plumbing. It also covers attached structures like a porch, deck, or attached garage. It also covers detached structures like a shed or garage,

Liability coverage protects you and the members of your family against legal action taken against you. It can pay for medical expenses if someone is injured and also a judgment if they decide to sue you. It can even pay for the legal expenses themselves.

Content coverage will help replace your personal possessions if they are damaged or destroyed. You have two options. For content coverage, you can get the actual value or replacement cost. That is the difference between depreciated value and what you need to actually buy it at today’s price.

Loss of use means that if your home is rendered uninhabitable, you will be able to collect from the insurance company for your room at a hotel for the short term and a rental if you are without your home for a longer time. It can also pay for meals if you don’t have a way to cook.

Contact Us Today

If you need home insurance, call The Insurance Team in Queen Creek, AZ to make an appointment for a no-obligation quote.

The Insurance Team

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What is flood insurance and what does it cover?

Flood Insurance: The Basics

Which policy type do you need? How much flood insurance do you need?

Don’t Leave Your Family Unprotected

There are several different ways this policy can be used by your loved ones to help with financial responsibilities:

Give Us A Call

Do I Need to Purchase Auto Insurance If I Don’t Own A Car?

Here are some reasons why:

1. You Rent Cars Often

2. You Borrow Car Often

Give Us A Call

Commercial Insurance FAQs

Commercial Insurance FAQs

What are the commercial requirements in Arizona?

Does commercial insurance cover flooding?

What does commercial property insurance cover?

Do home-based businesses need commercial insurance?

What protection home insurance offers in Queen Creek, AZ

What Protection Home Insurance Offers

Contact Us Today

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