What factors can affect homeowners insurance premiums?

·         Home Features and Characteristics — Your home's age, type of structure, wiring, roof, garage, etc., can affect your homeowners insurance premium. Older homes can often cost more to insure, and those costs can differ depending on whether your home is brick, frame, masonry.  Or if the roof was replaced.

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Location — Where your home is located can change your homeowners insurance premium. For instance, your home insurance rate can be affected if your home is in close proximity to a fire station; is exposed to extreme weather, such as hurricanes, tornadoes or earthquakes; or is in a neighborhood more prone to theft.

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Protective Devices — Burglar alarm systems, smoke detectors, fire extinguishers, sprinkler systems and deadbolt locks can lower your homeowners insurance premium.

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Personal Factors — What you do can affect your homeowners insurance premium, too. For instance, smokers may pay more for home insurance than nonsmokers. A good credit history also can lower what you pay for home insurance.

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Claims History — If you have a history of claims on a homeowners insurance policy, you may pay a higher premium.

Health Care Reform Questions & Answers

Will Health Care Reform have any effect on my tax filings?

Beginning with your 2014 tax filing (that is filed by April 15, 2015), all individuals will have to report information about their health insurance coverage to the Internal Revenue Service (IRS). What you report will depend on whether or not you were covered in 2014, what type of coverage you had (individual, employer-sponsored, or government program), and how many months of the year you had the coverage.

The information you report on your taxes will help determine if you are required to pay a penalty, are eligible for a subsidy, or are exempt from coverage.

For more answer to you questions contact E&S team

juan.espinosa@es-insurance.com

www.es-insurance.com

Health Care Reform Questions & Answers

Do I have to purchase health insurance?

Beginning 2014, most people were required to have health insurance or pay a penalty. Coverage may include employer-provided health insurance, individual health insurance, or health insurance through a government program such as Medicare or Medicaid.

People without health insurance could face tax penalties that will be phased in and increased over several years, starting with the 2014 tax filing. The penalty for the 2014 tax year was $95 per adult ($47.50 per child) or 1 percent of household income (whichever is greater) and family maximum of $285. In 2015 the penalty increases to $325 per adult ($162.50 per child) or 2 percent of household income (whichever is greater) and family maximum of $975.

If you need to purchase health insurance or need more answers to your questions, Contact E&S Team

juan.espinosa@es-insurance.com

www.es-insurance.com

Health Care Reform Questions & Answers

What is Health Care Reform?

The Affordable Care Act (ACA), officially known as the Patient Protection and Affordable Care Act (PPACA) but commonly referred to as “Obamacare,” is a collection of new laws. You may have heard people talk about it as “Health Care Reform.” The laws affect most people, including employers, health care providers, individuals, and health insurance plans such as Optima Health. The goal is to improve access to affordable health insurance coverage for everyone, including those currently uninsured.

For more questions and answers do not hesitate to contact me

Juan.espinosa@es-insurance.com

www.es-insurance.com