Is Selecting Replacement Cost Home Insurance The Best Option?

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Most people don’t realize there are two different types of home insurance policies to choose from. One of the types is the replacement cost of the home. This policy will adjust for inflation and the current costs of material and labor. The other type is face value insurance. This type of insurance will pay the value of the home at the time of purchase.

Which Policy Works Best?

People who want to save money on their insurance usually consider purchasing purchase value insurance, but that may prove to be conducive to losses if there is a claim in the future, especially if the claim is a total loss. The right way to make a good decision is to work with an experienced insurance agent. They can point out the benefits and help weigh the risks associated with both types of insurance. 

Getting the Answers 

Insurance shopping can be confusing and most people have tons of questions. The first step is to seek out a top insurance agency like the Insurance Center of Green Valley. They serve the residents of Green Valley, AZ and are committed to giving them the answers and information they need to make the best decision for their current and future needs. In addition, if there is a claim, they can help file paperwork to expedite the process so homeowners can make the necessary repairs. 

If you are currently in the market for home insurance protection, call or stop by the Insurance Center of Green Valley today to find out more about your options for insurance policies. Don’t take chances when it comes to covering your home with adequate insurance. 

Deciding Between Full Coverage and Liability Auto Insurance

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Drivers often wonder whether they should purchase liability vs full coverage insurance. Both coverage types are good options, but the Insurance Center of Green Valley wants to help you understand the differences.

Liability VS Full Coverage

Liability auto insurance is the bare minimum required by law in most states for you to drive legally. It is designed to cover damage and other expenses caused by you in an accident. In Green Valley, AZ, the minimum liability required is:

  • $15,000 for bodily injury per person/ up to $30,000 per accident
  • $10,000 for property damage per accident

Full coverage goes beyond the minimum requirements. Most full coverage policies also include collision and comprehensive. It insures against any covered event regardless of who is at fault.

Both liability and full coverage have their pros and cons:

Advantages of Disadvantages of Liability

Liability insurance is known as the more affordable option. As it covers damage to other people and property that belongs to other drivers involved in an accident you cause, it helps take the financial burden off of you.

The largest downside of carrying only liability is that it does not cover your vehicle in the event of an accident. If your car is totaled or damaged in an accident in which you are at fault, you will be paying to replace or repair your own vehicle.

Advantages and Disadvantages of Full Coverage

Full coverage insurance will take care of damages and injuries to people and property involved in an accident regardless of who is at fault- as long as it is a covered event. It can make sure you get back on the road if there are damages to your own vehicle as well as other expenses incurred during an accident. The biggest disadvantage to full coverage is that it is a less budget-friendly option, but the additional coverage often far outweighs this issue.

If you are in or around the Insurance Center of Green in Valley, AZ, stop by or give us a call for your no-obligation quote on liability and full coverage auto insurance! 

Why every company should carry business interruption insurance

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Owning a business takes a lot of dedication and devotion. If you are a business owner in the Green Valley, AZ area, it’s time to sit down with the team at the Insurance Center of Green Valley. We are here to help our commercial clients obtain the proper insurance for their companies. Don’t wait until it’s too late to find out about the many benefits of business interruption insurance. It is an important part of comprehensive commercial insurance and can make a significant difference if your company suffers a covered event. 

Benefits of business interruption insurance

If your business suffers a loss due to a covered event it can be difficult to get everything back up and running in a timely manner. With business interruption insurance your bottom line will be protected while you repair any damage that has occurred. Having this type of coverage can mean the difference between going under and returning to a robust and profitable business. There are too many risks and unknowns that face business owners today, and having this coverage can truly be a lifesaver. Don’t wait until it’s too late to find out about this incredibly beneficial type of protection. Having your production knocked offline, or all of your inventory damaged are just two examples of the many ways that a covered event can cause chaos. With this type of protection, you will be able to weather the storm!

The Insurance Center of Green Valley is here to guide business owners in the greater Green Valley, AZ area. We are proud to serve the insurance needs of our community and look forward to working with you! Call or stop by today and find out more about the business interruption insurance policies available in our area.

Three things you should know before you purchase home insurance

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Selecting your home insurance policy is one of the most important decisions you make when you buy your home. At Insurance Center of Green Valley, we offer home insurance policies in Green Valley, AZ.

There are a few things you need to know about purchasing home insurance before you get started. The following are three things you should know before you purchase home insurance.

You’ll need to choose between replacement cost or actual cash value.

One of the biggest distinctions in home insurance policies is the distinction between replacement cost and actual cash value policies.

A replacement cost policy will cover you to replace your home or any part of your home that becomes damaged. An actual cash value policy will simply compensate you for the current value of your home minus depreciation.

Actual cash value policies are generally less expensive than replacement cost policies. 

You’ll be able to choose from among different deductibles.

One big choice you’re going to make is how much you want your deductible to be. Remember that your policy will be less expensive if you choose higher deductibles. 

Your policy isn’t going to cover everything. 

Those who are first-time homebuyers are often surprised that a standard home insurance policy leaves out so much. Damage caused by issues like flooding or damage caused by inadequate home maintenance will not usually be covered.

While add-on coverage might be available for some of these issues, it’s basically impossible to have a home insurance policy that’s so thorough that it covers everything. 

If you have questions about home insurance options in Green Valley, AZ, let us know. We’re here to help you with your home insurance needs at Insurance Center of Green Valley. 

5 Common Misconceptions about Auto Insurance

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Misconceptions about auto insurance can cost you dearly when it comes to making a claim. At Insurance Center of Green Valley in Green Valley, AZ, we’ll clarify any misconceptions you may have concerning auto coverage so you can get the coverage you need. Here are some common misconceptions to watch out for when purchasing your policy.  

Misconception: Minimum Coverage is Enough

Arizona requires that you have minimum liability coverage to protect others in accidents you cause. Minimum coverage, however, won’t be enough to protect you against serious accidents, leaving you liable for remaining costs. For optimal protection, it’s best to obtain as much liability insurance as you can afford.  

Misconception: Comprehensive Insurance Provides “Blanket” Coverage

Comprehensive only covers your vehicle against theft and non-collision accidents such as damage caused by falling objects, storms or vandalism. By adding collision, uninsured/underinsured motorist and roadside assistance to your insurance package, you’ll have broader coverage.

Misconception: Auto Insurance Follows the Driver

Auto insurance follows your vehicle, not the driver. If you loan your car to a friend, and he causes an accident, your auto insurance is responsible for damages. You will also be responsible for your deductible.

Misconception: Red Cars are More Costly to Insure

The color of your car has no bearing on the cost of auto insurance coverage. The make, model, and value of your vehicle, however, can affect insurance costs.

Misconception: Auto Insurance Automatically Covers Rental Car Costs

Unless you have insurance coverage for a rental vehicle, your insurer isn’t required to pay for one if your car has to go to the shop for repairs after an accident. By adding rental vehicle coverage to your policy, you can avoid problems with a lack of transportation after an accident.

To learn more about auto insurance coverage and costs, contact Insurance Center of Green Valley in Green Valley, AZ.

Tips for Purchasing Commercial Insurance for Your Arizona Lawn Care Business

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Owning a lawn care business can be very rewarding, but there are some risks involved. What do you do if one of your employees accidentally breaks a customer’s window or all of your tools are stolen while on a job? That’s where having the right level of business insurance coverage comes in handy. Here are a few tips for purchasing commercial insurance for your Green Valley, AZ lawn care business.

Know What Types of Insurance You Need

This first step to buying commercial insurance is making sure you know what type of coverage you need. There are several policies that most Arizona lawn care companies carry, including:

  • General Liability Insurance: This type of policy protects you if you accidentally hurt or damage property owned by someone else, and they intend to sue you. It is generally a requirement if you plan on bidding commercial landscaping jobs.
  • Commercial Property Insurance: This policy protects things your company owns, like equipment and tools. If you have an office, it also takes care of desks, computers, supplies, etc.
  • Worker’s Compensation Insurance: If you have employees, you’re required by the State of Arizona to carry this coverage.
  • Commercial Auto Insurance: Most personal auto policies won’t cover you if you’re involved in a wreck while on the job. Instead, you need to have a commercial auto policy in place.

Understand Factors That Affect Your Premium Rates

When purchasing commercial insurance, it is also important to understand the various factors that affect your premium rates. Generally, the length of time you’ve been in business, any previous claims, and your driving record play a huge role. However, our team at the Insurance Center of Green Valley can help ensure you’re getting the most coverage for your needs and budget.

Are you ready to learn more? Our team at the Insurance Center of Green Valley is here to help. Please contact us via phone or email today to schedule a no-obligation policy review.

When to Revise Your Home Insurance

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You likely have obtained a great insurance policy at the time of moving in to your home. But that doesn’t mean your insurance policy will not change during the time you reside at the same home. In fact, it is wise to review your insurance coverage at certain key times and then make the necessary adjustments. Here are more details on that topic, courtesy of Insurance Center of Green Valley serving the Green Valley, AZ area.

Purchasing electronics

Whenever you purchase or receive as a gift a valuable electronic item, it is wise to consider increasing your home insurance coverage. The higher the value of the electronic item, the more this make sense. Many insurance policies have separate coverage for these types of items.

Adding Jewelry

When you purchase a piece of jewelry or receive a wonderful gift like this, it is an excellent idea to consider adding more insurance coverage. Some insurance policies have separate coverage for jewelry, so check to find out how your policy is configured.

Changing circumstances

There are many types of circumstances that can lead to a change in the insurance coverage you need. For example, if the value of your home changes or you add a large amount of personal property, consider revising your home insurance coverage.

These are just a few examples of times when it could make sense for you to evaluate your home insurance coverage. Make sure to always be familiar with what your insurance policy says, and know when you should consider changing your coverage. If you need further details on home insurance or would like to look into a different policy and coverage, feel free to contact Insurance Center of Green Valley serving the Green Valley, AZ area.

When to Revise Your Home Insurance

Posted on by

You likely have obtained a great insurance policy at the time of moving in to your home. But that doesn’t mean your insurance policy will not change during the time you reside at the same home. In fact, it is wise to review your insurance coverage at certain key times and then make the necessary adjustments. Here are more details on that topic, courtesy of Insurance Center of Green Valley serving the Green Valley, AZ area.

Purchasing electronics

Whenever you purchase or receive as a gift a valuable electronic item, it is wise to consider increasing your home insurance coverage. The higher the value of the electronic item, the more this make sense. Many insurance policies have separate coverage for these types of items.

Adding Jewelry

When you purchase a piece of jewelry or receive a wonderful gift like this, it is an excellent idea to consider adding more insurance coverage. Some insurance policies have separate coverage for jewelry, so check to find out how your policy is configured.

Changing circumstances

There are many types of circumstances that can lead to a change in the insurance coverage you need. For example, if the value of your home changes or you add a large amount of personal property, consider revising your home insurance coverage.

These are just a few examples of times when it could make sense for you to evaluate your home insurance coverage. Make sure to always be familiar with what your insurance policy says, and know when you should consider changing your coverage. If you need further details on home insurance or would like to look into a different policy and coverage, feel free to contact Insurance Center of Green Valley serving the Green Valley, AZ area.

Green Valley, AZ Auto Insurance For Teens

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Parents with teens face questions about driving. Who will teach them to drive? What rules will you set? Do teen drivers in Green Valley, AZ need auto insurance? Hopefully, parents have been setting a good example as responsible drivers up to this point. They now need to consider the matter of insurance. This is where the Insurance Center of Green Valley can help them. 

Teens holding a learner’s permit do not need additional coverage under Arizona law. Your present insurance coverage is sufficient as they practice their parking and merging. This might be a good time to discuss upcoming changes to your policy with your insurance provider. Once your child receives their license, they will be required to carry auto insurance.  They might purchase their own under certain circumstances, but most teens are added to the existing policy of the parents.

May we recommend some tips to help your child have a good start to their driving years?

  • Provide them with roadside assistance. 
  • Pack an emergency bag, and show them how to use the items in it.
  • Agree on family rules that address safety and responsible driving behavior.

Our agents at the Insurance Center of Green Valley can help you get the coverage that will serve your family. We would be happy to discuss the changes you will face when adding a new driver to your current insurance. It may be a good time to shop around for a new policy, but there is no obligation to do so. Green Valley, AZ parents can rely on the expertise of our agents as we help them navigate the teen years. Contact us today. 

 

Why a Green Valley, AZ Business Needs Commercial Insurance

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If you are looking for a good place to start a small business, one area of the country to consider is Green Valley, AZ. This area is experiencing a lot of positive growth and provides many opportunities for small business owners. Whenever you are going to start a small business, you will have to get commercial insurance. There are several reasons why you need to have commercial insurance in place for your business.

Gives Necessary Liability Protection

Once you start a company, you are going to be taking on a lot of liability at all times. This can include liability for the safety of both your customers and your employees. If there happens to be an accident that causes an illness or injury, you may be required to pay restitution. When you have commercial insurance, it will give you the coverage that you need to protect your company if you are liable for an accident.

Requirements

While it is good to have insurance to protect your company, having commercial insurance is also often a requirement for small businesses. There is a good chance that any lender or investor you have will want you to have commercial insurance at all times. This is because it can help to enusre you are able to remain solvent if an accident or casualty occurs. 

Ultimately, having commercial insurance is a necessity for businesses of all sizes. When you are shopping for insurance for your company, you should contact the Insurance Center of Green Valley. When you speak with the team at the Insurance Center of Green Valley, you will get great advice and service that can help you to get into the best policy possible. This will help to ensure that your Green Valley, AZ business is properly covered.