If you are like most Northern Phoenix residents, your home is one of the biggest investments you will ever make. You’ve saved for it, made payments on it, and built equity in it; but you also need to protect it. Here at Smart Move Insurance, we can help you find and compare insurance coverage that protects your house, its contents, and your financial future. Whether you live in a small country cottage or a sprawling suburban mansion, we have everything you need to protect the place you call home.
The Importance of Home Insurance
What comes to mind when you think of home insurance? Is it just something your mortgage company requires? Perhaps you think of it as guaranteed roof replacement if the tree in your backyard falls on your house. The truth is there are many scenarios in which you might need to file a home insurance claim.
Imagine the following scenarios:
- Vandals break into your home and steal most of your belongings. Who pays for property repairs and replacement of your stolen items?
- A wildfire consumes your home and everything in it. You and your family are okay, but where will you live while your home is rebuilt? How will you afford to replace all the furniture, electronics, clothing and other belongings you lost?
- Your gardener steps into a hold in your yard while mowing your grass, or a guest needs medical attention after being bitten by your dog. Could you afford the legal fees and medical bills?
In most cases, Arizona home insurance would cover you for these types of losses up to the limits of your policy.
Home Insurance Coverage Types
Although policy protection varies among homeowners and insurers, most home insurance provides many of the same basic coverage options. Examples include:
Your House and Other Structures
If your home is damaged due to a covered event, your insurance company helps pay for repairs or replacement minus the cost of your deductible. Your insurance can also include coverage for other structures on your property, including your fences, sheds, and detached garage.
Personal Belongings
It could cost just as much to fill your house as it costs to build your house. A home inventory of your belongings can reveal surprising facts about how much it would cost to replace them all and start over again.
Temporary Relocation and Living Expenses
If your home burns down, it could take months before it is rebuilt. During that time, you will need somewhere to live, a way to do your laundry, and the means to manage any other living expenses that may have been affected by the fire. If you are still paying a monthly mortgage on an uninhabitable home, relocating could be expensive without the help of your home insurance company.
Liability Protection
As a property owner, you can be held financially responsible for any injuries occurring on your property. Your home insurance general liability protection helps cover guest medical expenses and other losses, as well as any damages you or a member of your household causes to another person in a covered non-collision accident occurring away from your home. Without liability coverage, you might be on the hook for tens or even hundreds of thousands of dollars in victim losses.
Special Endorsements
You may need to talk with your independent agent about special endorsements that cover certain high-valued items that are excluded from your standard personal belongings coverage. Things like fine jewelry and weapons may be worth much more than they would be covered for without a home insurance endorsement. Likewise, you may need to add extra coverage for business activities that occur in your home. If a client is injured while meeting you at your home office, for example, you might need extra liability to cover the cost.
Cave Creek Home Insurance Quotes
If you own a home in Northern Phoenix, make sure you have all the coverage you need to protect yourself and the things you own. Call us today to request your free quote. We look forward to serving you soon.
