Three questions to ask before you purchase a home insurance policy in Arizona

You need to buy a home insurance policy when you purchase a home. Home insurance is important because a home is such a valuable asset that you need to protect.

We provide home insurance policies to homeowners in Green Valley, AZ at the Insurance Center of Green Valley. The following are three questions to ask before you purchase a home insurance policy in Arizona. 

Is home insurance required?

A lot of homeowners want to know if they’re legally obligated to purchase home insurance. Home insurance is generally not required by law. However, it’s worth noting that mortgage lenders will only lend money to a consumer to buy a home if the home is insured.

If you are still paying off a mortgage, you will be required to buy home insurance. Home insurance is also just generally a good idea to secure your finances even if you’re no longer paying off a mortgage. 

What types of damage will home insurance cover?

A standard home insurance policy will cover liability costs and damages from fire or lightning storms. However, home insurance will generally not cover damage from floods and earthquakes. 

How can I bring my premium costs down?

There are many ways you could potentially bring home insurance costs down. You may be able to bring costs down by making improvements to your home that increase safety.

You also might be able to save money by buying other types of insurance like car insurance from the same provider. Providers will sometimes give you a discount for bundling policies like this. 

We can provide you with answers to your questions about our home insurance policies in Green Valley, AZ. Contact us for more information.