Determining the Level of Homeowner’s Coverage for You

Although homeowner’s insurance isn’t required by law like auto insurance, mortgage companies often require it for those who have loans. Green Valley, AZ, Insurance Center of Green Valley recommends keeping a homeowner’s policy on the house even if the home is paid off to protect the owner’s asset. However, not every person requires the highest level of coverage, and sometimes the cheapest policy just isn’t enough.

1. Structure Home

One vital aspect of deciding on an amount revolves around what it would take to build a new house similar in structure and design. For instance, local construction costs and the square footage of the place will play a part. What the home is built of as well as the style of the home determines how much it would cost to rebuild. The number of rooms, especially bathrooms, in addition to any special features like fireplaces and arched windows affect the rebuilding price. A homeowner should keep in mind if any areas were custom built.

2. Whether Extras Are Needed

A person should consider whether extras not covered on a standard policy are beneficial. For instance, a homeowner who lives on a flat area or at the bottom of a hill may want to consider adding flood insurance.

3. Personal Possessions

An insurance policy doesn’t just cover the cost of the structure of the home itself and the sheds and other buildings outside. The policy covers possessions, so a person should take that into consideration when tailoring the policy. This is especially the case if the homeowner owns anything of value. A person should craft a list of all possessions in the home and how much it would cost to replace them. A person can expect 50 to 70 percent of the total valued to be covered on policy.

Home Owners Insurance Green Valley, AZ

One of the most popular destinations for second home buyers, Green Valley, Arizona is known for its desert landscape and arid weather. Protecting your property asset and its contents from liability when you are away is easy with a homeowner’s insurance policy.

Property Investment Protection

Property investors buying a second home in Arizona will want to protect their investment. Hazard and liability insurance coverage are the minimum recommendations for second home owners. Standard homeowner insurance policies cover hazards to physical damage of property and possessions and liability associated with injury accidents of other parties on a homeowner’s property.

Hazard Insurance

Damages caused by natural disaster or physical elements on a property such as electrical or plumbing systems are covered in a hazard insurance policy. Hazard insurance policies may contain exclusion clauses denying guaranteed cost replacement of damaged homeowner property, as result of major earthquakes, or flood incidence. Supplemental coverage for natural disaster risk is usually available at a higher rate. Higher rates may also apply to registered historical properties. Liability coverage is also not included in hazard policies, so that accidents taking place on the property while the owner is there, or even absent, are not compensated in a claim.

Liability Insurance

Liability insurance compensates for medical payments to others, and personal liability when someone is harmed on the premises of your property. Personal liability covers personal injury, or legal fees when an owner holding title is sued by another party injured on their property. Standard liability coverage in Arizona is $100,000 up to $1 million depending on the features and location of a home.


Homeowner insurance deductibles start at $500 and are increased depending on the type of insurance coverage.

For information about homeowners insurance, contact a broker in Green Valley, AZ.