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I’m Retired – Do I Need Life Insurance?

Posted on by TheSph3r3
Life Insurance After Retirement

Retirement offers a different lifestyle as well as financial focuses.

Life insurance is designed to protect your spouse and children from suffering financial stress in the case of your untimely death. However, once your children have become self-sufficient, and you and your spouse accumulate significant assets, there’s less of a need to keep paying for life insurance premiums. A commonly asked question is: do retirees need life insurance?

If you’re approaching retirement and the nest is empty, and the mortgage is close to being paid off, should life insurance be a part of your retirement planning?

Here are a few reasons why retirees need life insurance:

Pension replacement. If a significant part of your retirement income is furnished by your pension, you might need life insurance if your spouse or another dependent cannot receive your pension after your death.

Estate planning. Life insurance death benefit could be used to pay estate taxes instead of selling assets at an inopportune time.

Protect against stock market downtowns. A market crash could affect your investments negatively. Cash value life insurance could provide a backup plan if your portfolio value goes down so much that it reduced your income stream and impacted your lifestyle.

Cover unexpected expenses. A cash value policy could help you to pay for unexpected expenses either by withdrawing some of the cash value or by taking a loan against the policy.

Assets for your family. You could use your life insurance death benefits for an even distribution of financial aid for your loved ones.

Life insurance is there to give you peace of mind and to protect your loved ones once you pass. Are you ready to get started on securing the right life insurance policy for your retirement? Contact All Nevada Insurance for all of your Las Vegas, Nevada insurance services.

FAQs (And Answers!) About Health Insurance

Posted on by TheSph3r3
Health Insurance FAQs

Got questions about health insurance? We have the answers!

The Medicare Open Enrollment period is fast approaching us, and around this time every year, questions about health coverage flood. While many think that acquiring healthcare can be lengthy and downright confusing, we aim to take the stress out of the process for you. This way, you can have the peace of mind that you’re protected, as well as obtaining the right coverage for your needs.

What is health insurance?
Health insurance is a contract with an insurance company, which agrees to pay some or all of your medical bills based on your coverage. Most Americans have private health insurance, while others are covered under the public programs, such as Medicare and Medicaid.

Why do I need health insurance?
It’s no secret that health care is expensive today. However, so is treatment. A broken leg can run to $7,500 while a three-day hospital stay can set you back $30,000. Without insurance, one health setback could end up costing you more than you can afford. Regularly paying a set premium for health coverage assures that money will be available to help with the medical expenses.

How do I apply for Medicaid or CHIP?
You can apply in 2 ways: 1) fill out a Marketplace application. 2) apply directly to your state agency.

How do I renew or change my Marketplace coverage for 2016?
If you had a Marketplace insurance plan in 2016, you should’ve received two letters by email or mail (one from your insurance company, one from the Health Insurance Market). These notices should tell you if your plan is available for 2017, if it’s changing, and how much it will cost. If you don’t respond, you’ll automatically be re-enrolled in your 2016 plan for 2017.

Will I pay a penalty if I don’t have health coverage?
Typically, you’ll pay a penalty fee if you don’t have coverage for all or part of the year. For 2016, the fee is $695 per person or 2.5% of your household income, whichever is higher.

For quality health insurance in Las Vegas, Nevada, visit All Nevada Insurance as we provide each individual with the correct policy to suit their needs and budget. Contact us today to get started!

Do You Need Personal or Commercial Auto Insurance?

Posted on by TheSph3r3
Personal or Commercial Auto Insurance Las Vegas NV

How does personal and commercial auto insurance differ?

Buying car insurance can seem complicated, particularly when you’re not sure about the appropriate type of coverage for your needs. In general, you have two choices: personal and commercial auto coverage.

Personal Auto Coverage
These policies typically exclude any businesses uses. Personal auto coverage is designed for the needs of consumers, either as an individual or a family. If you’re in a car accident, this coverage can provide assistance with your vehicle repairs, other involved vehicles’ repairs, medical expenses, and liability charges.

Commercial Auto Coverage
Is driving a part of your business? If so, it’s important to prepare for a worst-case scenario when assessing your company’s ability to survive an unexpected event on the road. You can achieve the much-needed protection by obtaining a commercial auto insurance policy.

This coverage is designed for the needs of business that have several drivers and multiple cars. It works around the possibility that every employee within the company will drive the vehicles, so the liability protection is generally greater than the amount provided under a personal plan.

Additionally, commercial insurance can provide coverage for a number of drivers. Even if you only have ten employees that drive occasionally, you’ll still need commercial auto coverage!

Unless you’re starting a company and intend to use the vehicle for business purposes rather than personal needs, opt for personal coverage. When you’re buying commercial insurance, avoid making these common mistakes.

Are you ready to get started on the right plan for yourself or company? Contact the professionals at All Nevada Insurance, serving Las Vegas and surrounding cities of Nevada to select the right policy today.

Will Auto Insurance Cover My Car’s Modifications?

Posted on by TheSph3r3
Car Modifications Auto Insurance Las Vegas NV

From a custom paint job to adding a supercharger, modifications can complicate your car coverage. 

If you’re tempted to kit out your car with custom modification, you could face automobile insurance ramifications.

Modifying your vehicle can be a great way to personalize your vehicle, and even improve its performance. The downside to this, however, is that you run the risk of skyrocketing insurance rates!

Modifications a Standard Policy Won’t Cover
Vehicle modifications or customizations that are not made at the factory, as well as aftermarket parts, are typically excluded from standard policies. Always talk to your auto insurer before altering your car. If you were to make modifications to your vehicle, you would want to inform your insurance company if you want them adequately protected.

Risky Businesses
Auto insurance is based on risk, and car modifications increase the following risks:

  • Accident – Modifications that alter the look or performance of your vehicle are often considered risky to auto insurers. From engine changes, sports seats, to spoilers, all of these can increase your insurance premium as you’ve potentially added more risk.
  • Theft – Modifications such as phone kits, stereo systems, and performance updates also increase the chance that your car gets broken into or stolen.

Available Coverage
A standard policy may not cover your new vehicle, but there are a couple of options to get the right level of protection for your cool car:

  • Supplement coverage – Many insurers offer endorsements that provide supplement coverage for modifications and aftermarket components.
  • Collectible car insurance – If the insurer doesn’t offer this type of endorsement or the coverage limits are inadequate to protect your investment, you can seek coverage from a carrier that specializes in insuring classic automobiles.

If you have a modified vehicle or are thinking of adding a few cool updates to your car, call your insurer for coverage options! Skip the search of finding the best car insurance for you – contact the local professionals directly! Call the insurers at All Nevada Insurance to get started on your auto insurance policy today

Enjoy Lake Vegas with the Family This Summer!

Posted on by TheSph3r3
Family Fun Lake Day Ideas in Las Vegas NV

Get the whole family involved in some Lake Las Vegas fun!

Just seventeen miles from Las Vegas’s famed Strip, Lake Las Vegas is a manmade lake that families and couples alike can enjoy, summer after summer. When you’re not hitting the slots this season, take some time out with the family and go to Lake Las Vegas!

Here are some fun things for you to do at Lake Las Vegas!

Take a Scenic Walk
MonteLago Village is a lakeside village in the old-world Tuscan style, complete with cobblestone-paved streets and piazzas, eateries on the water, and brilliant shopping! With stunning architecture and a beautiful landscape, it’s an ideal place to take a stroll with the family. Be sure to drink plenty of water if you take a walk during the hottest part of the day!

Get Some Exercise
Take some time out from the kids to enjoy two full-service spas in Lake Las Vegas, where there are plenty of fitness classes as well as a top-notch workout facility. If workout out doesn’t sound quite right, enjoy a relaxing massage to end the fun-filled day!

Go Out on the Lake
What else better to do in Lake Las Vegas than enjoy the lake! You can rent watercraft, boats, and even yachts! Catch some rays while relaxing aboard a boat, take a quick dip, or get active by kayaking!

With plenty to do at Lake Las Vegas, the professionals at All Nevada Insurance hope that your family enjoys a fun summer! To thoroughly relax on your vacation, contact us for all of your insurance needs.

How Best to Protect Your Business!

Posted on by TheSph3r3
Protect Business with Insurance in Las Vegas NV

You’ve worked hard to grow your business, here’s how to protect it.

Today, business owners work harder than ever to create stealth tactics for selling, benefits for employees, and locks for the building. In a world of cyber criminals and physical thefts, there are plenty of ways in which each company should protect their investment.

So that your business is adequately protected, check out these tips!

Theft

  • Install cameras and put signs up for your guests to see, stating that they are being filmed. People will be less inclined to break in if they know that they’re being watched.
  • Light your business well, including into the night, so that people are easily spotted.
  • Minimize your losses – Never leave a significant amount of cash or valuable data in a building overnight.
  • Install burglar alarms and deadbolts – teaching your employees and the cleaning crew to use these.

Slips, Trips, Falls

  • If there are spills or leaks on the floor, clean them up right away before they become a hazard.
  • Tidy up cords and wires that may be trailing on the ground.
  • Never block hallways or paths.
  • Place doormats indoors for guests to wipe their feet when it’s been raining outside. 

Financial Strain

  • Buy insurance to protect your business from liability charges, perils, and financial hardship! Business insurance is there to protect your company from incidents and accidents that can hinder your operations, finances, and reputation.
  • Check out why your business needs cyber liability insurance.

Contact the professionals at All Nevada Insurance to get your Las Vegas, Nevada business set up with the right levels of business insurance coverage! Our professionals will match you with the proper coverage to meet your needs and budget.

Car Insurance vs. Car Warranty

Posted on by TheSph3r3
Car Insurance or Warranty Las Vegas NV

Find out the difference between a car insurance and car warranty.

For every motorist, it’s important to understand the different types of coverage for cars so that you’ll know what kind of protection you need. It’s better to be aware of the coverage that you need than be unpleasantly surprised later because you misunderstood what security you have!

Both car warranties and auto insurance pay for vehicle repairs, but it’s important to understand the distinction in order to avoid making a bad purchase!

A car insurance policy repairs your vehicle if it’s damaged in a collision or by some other covered peril, such as theft, fire, or a natural disaster. It also covers:

  • Liability coverage – May help to pay for someone else’s medical bills or damage to their property by an accident at which you were at fault.
  • Collision coverage – Repairs or replaces your car if it’s damaged in a crash with another vehicle or object, regardless of fault.
  • Comprehensive coverage – Repairs for damage to your vehicle caused by things other than a collision, such as fire, theft, vandalism, or falling objects.
  • Medical payments coverage – Covers medical expenses for you and your passengers in the event of an accident.
  • Uninsured motorist coverage – If a driver hits you with no or too little insurance, this coverage aids your car repair expenses.

A new car warranty is the vehicle manufacturer’s promise to help pay for replacement parts or covered repairs during your specified warranty period. This warranty comes with your vehicle, but the dealership may offer you an extended warranty so that your car is covered for more years to come. Depending on the policy, you may find that some items that commonly wear out, such as wiper blades, tires, and brake pads) aren’t covered.

Even with the most protective policy isn’t a license to stop taking care of your car. To fully protect your journey on the roads, contact All Nevada Insurance to learn more about how auto insurance can protect you in Las Vegas, Nevada.

Does Your Company Need Cyber Insurance?

Posted on by TheSph3r3
Cyber Insurance Las Vegas NV

Skilled hackers can hinder your business – here’s how cyber liability insurance can help.

Business owners, have you done everything to protect your company? While you may be thinking that you’ve got the deadbolts, fire alarms, and security locks in check, have you got cyber protection? Imagine that your company has come under attack by a skilled hacker.

This trained thief has accessed your customers’ names, contact information, Social Security numbers, payment methods, and more! On top of that, your website is disabled so that you can’t take orders or collect the payments that you need to stay in business. If important information was to fall into the wrong hands, you could lose the business and trust of vendors, clients, guests, and your employees.

With protection, your business can face liability risks, no system recovery, fines, and lawsuits.

To protect your business from data breaches and the like, cyber liability insurance can step in should an incident occur. A policy covers several types of risk, including:

  • Loss or corruption of data
  • Business interruption
  • Multiple types of liability
  • Identity theft
  • Cyber extortion
  • Reputation recovery

With your cyber liability insurance at hand, your business can protect against any possible risks with daily practices to prevent attacks and lower risks. Train your employees to get smart about detecting risks online, as well as taking active steps to limit your exposure to breaches:

  • Install, maintain, and update security software and hardware
  • Contract with an IT security services vendor
  • Use cloud computing services.
  • Regularly back up data at a secure offsite location
  • Encourage employees to change passwords every month
  • Always change passwords when a member of staff leaves the company

Get started by securing the right cyber liability insurance policy for your company’s needs in Las Vegas, Nevada. Contact the professionals at All Nevada Insurance today!

Driving to Your Summer Vacay? Prep Your Car!

Posted on by TheSph3r3
Road Trip & Auto Insurance Las Vegas NV

With the summer upon us, plenty of vacationers are driving to their holiday destination.

This summer, there will be many motorists on the road. With gas prices leveling off, many are opting to drive to their beach holiday or resort vacation. Whether you’re traveling long distances, or just a few hundred miles to spend some quality time with the family, you’re going to need to prep your car before you set off.

Here’s how to best give your car some TLC before the long journey!

Get any major repairs done. If your vehicle needs any repairs, do this at least one month before you hit the road on your haul. That will allow time for any problems related to the repair to pop up – and get sorted!

Check the coolant. If your destination is a lot warmer (or cooler!) than home, make sure that the coolant’s mixture of antifreeze and water is correct.

Check the tires. Make sure that your tires are inflated to the proper pressure, as this will keep them running longer and will help your fuel efficiency. Scan your tires for any wear, tear, or bald spots that may become an issue later on down the road (literally).

Fill up the fluids. Get a mechanic to look over your fluid levels to make sure that they’re all where they need to be.

Check the air filter. A clogged air filter reduces fuel economy as it makes the engine work harder. They’re easy to change, so now is a good time to do so!

Buy a road atlas. Hours and hours of straight freeways can get boring. Getting off the beaten path can add an entirely new dimension to your trip.

Pack your emergency kit. From a first aid kit to blankets, flashlights, and water – make sure that you have it all in your car.

Review your car insurance. Check that your auto coverage will protect you if you face a hurdle on the road. Also, consider getting roadside assistance from your insurer so that if you break down in the middle of nowhere, you’ll have a reliable source of help!

At All Nevada Insurance, we work with you to secure auto insurance tailored to meet your needs and budget. Contact us today for the right policies in Las Vegas, Nevada!

Here Are 3 Ways to Save on Your Motorcycle Insurance Policy

Posted on by TheSph3r3
Save on Motorcycle Insurance

Steer your way to success with an affordable motorcycle policy!

You caught the fever and finally decided to buy your very own bike and learn how to ride. While motorcycle riding can be a fun (and thrilling!) recreational activity, you always want to be sure that you remain safe at all times.

While every motorcycle driver will have the best insurance policy in place, there may be a chance that you’re overspending on your premiums.

Make and Model Matter

Just like with your car insurance, the type of vehicle that you insure has a significant impact on your insurance premiums. First, the more expensive a bike is to repair or replace, the higher your insurance premium will be since any claim on that motorcycle will cost more than average. Second, the frequency of theft for the type of bike will affect your coverage costs. If you have the highest-end bike, you’re more likely to file a theft claim.

Experience Counts

Newer riders that are fresh off the training course should expect to pay higher premiums than someone with more years of motorcycle driving experience. You can help to minimize this cost by taking a motorcycle safety course. Training sessions not only mean that you become a safer driver, but your insurer could offer a sizeable discount with this qualification.

Drive Less

The more mileage you put on your bike, the higher the premiums tend to be. No matter how safe a rider you are, if you’re on your bike all day every day, your chances of being involved in an accident increase. For those who only use their bikes on the weekend and have a lower annual mileage, be sure to inform your insurance agent.

Check out how you can save on your motorcycle insurance premiums by contacting the professionals at All Nevada Insurance, serving Las Vegas, Nevada!