Home Insurance in Arizona
Why Should You Buy Home Insurance?
Homeowners in Surprise, AZ and around the state should have home insurance to protect both their house and personal property. It also provides liability protection for accidents that could injure someone or damage their property. Besides being required by your financial institution and mortgage, having home insurance is a way to protect one of your biggest financial investments.
What Does Home Insurance Cover?
A standard home insurance policy will offer four types of coverage in Arizona. The first is structural, which covers your home if it is damaged or destroyed. Different events may or may not be covered, and you should always read your policy for details. The second is personal belongings, which includes electronics, furniture, clothes, and kitchen supplies. The third is additional living expenses if you are forced out of your home due to repairs, or if it is destroyed. The fourth is liability protection to help protect you in the event of a lawsuit for damages and injuries on your property.
Determining How Much Home Insurance You Need in Arizona
An agent at Giles & Iten Insurance can help you figure out how much insurance you need, but it depends on a few different things. Your lender may require you to have insurance for at least the amount of the mortgage. However, this may be too much or too little for your circumstances. Remember, you don’t have to purchase insurance from an insurer recommended to you by a lender and you are free to find your own insurance. Insurers may impose some conditions for replacement cost protection, in order to make sure you are getting enough insurance for your property value. Lastly, you want to have enough insurance to protect your assets. A home inventory will help ensure you have enough coverage for your personal belongings. Some more expensive items, such as jewelry, will need more coverage or a separate rider.
Contact Giles & Iten Insurance, serving Surprise, AZ, to get a quote on home insurance.