Do Your Home Insurance Needs Change Once Your Home Loan is Paid Off?

Many people dream of the day that their home is paid off. However, when that day finally comes, you may have one important question. Do your home insurance needs change once your home is paid off? After all, you are not required by the bank or lender to carry home insurance any longer once you have paid your debt to them. Here is a bit more information you may want to know about this topic.

Can You Afford to Replace Your Home?

When you are wondering if your home insurance needs change once your home is paid off, you need to consider your financial situation. For most people, their home is their largest asset. If the home that they just paid off were to burn to the ground or become severely damaged, they would not have the money to simply buy another one and have that one paid off, or if they do, it would severely impact their retirement or financial situation. Home insurance covers the value of the home in case something like this were to happen, helping to give people peace of mind. As such, most people should still carry home insurance, even if their home is paid off. And regardless of whether the home is paid off or not, you should have enough insurance that you can replace the home and the items inside if the worse case scenario were to happen to your home.

Regardless of whether your home is paid off or not, Insurance Center of Green Valley would love to help you with your home insurance needs. If you need home insurance in the greater Green Valley, AZ area, our agents would love to talk to you about your needs and draw up a policy that is ideal for your situation. Give us a call to get started today.

Simple Safety Tests to Extend the Life of Your Vehicle

Your car keeps getting you to work in Green Valley, AZ, even after all these years. But when was the last time you had it checked to make sure it is still safe to drive? Insurance Center of Green Valley offers up a few tips to help you avoid having your vehicle fall apart while operating, preventing costly and painful repair and medical bills.  Spending a few dollars on preventative maintenance can save you thousands in lost wages, expenses and deductibles.

  • Penny Test Your Tires: Take a penny and insert it between the treads of your tires with Abraham Lincoln’s head pointed down.  If you see half of Lincoln’s head or more, it might be time to replace your tires before they fail on rough country roads.
  • Jack It Up and Jiggle: Your ball joints keep your tires pointed in the right direction. Failure at high speed can cause a severe accident and you can’t see them to know when it’s time to replace them. Jack up the car so a wheel is off the ground. Try to wiggle the wheel–put a little effort into it.  If there is shifting and a thunking noise, you need new ball joints.
  • Grinding and Squealing Noise: If you can feel grinding through the brake pedal or even the steering wheel when coming to a stop, that is a warning your brakes are close to failing.
  • Check All Your Lights: It’s easy to miss when your tail lights have a bulb go out. Take one minute to walk around your vehicle and make sure high beam, low beam, brake lights and turn signals are working. It can help others avoid hitting you.

Check with your Green Valley, AZ auto repair shop and the Insurance Center of Green Valley for more inexpensive preventative maintenance tips and save your aging auto from a premature death.