If you need to get a homeowner insurance quote in Arizona. Homeowner insurance coverage in Arizona is considered among the mid-range insurance rates in the U.S. — not too expensive, but neither is it cheap if compared to the states with the lowest average premiums. Arizona annual premiums fall in the range of $499 to $640.
Determining the amount of the homeowner insurance to be purchased in the state is dependent upon several factors. These include…
· The size of the home and the land on which it is built
· The cumulative amount of the assets that the homeowner wants to protect. These assets include jewelry, antiques or prized collections of coins or stamps.
· The amount of deductibles, meaning the amount that the homeowner would be willing to shoulder out of his own pocket
Home Owner Insurance in AZ
The Arizona Department of Insurance requires that homeowners in the state get insurance not only to protect their home and personal property, but also to protect themselves from lawsuits and claims resulting from injuries that occur on homeowner’s property or structures on his/her property that caused injury and damage to other individuals and their property. Homeowner insurance in Arizona is a must for those seeking loans for building a new home or for making repairs and upgrades. Mortgage lenders would also require the homeowner to have certain levels of insurance before their loans could be approved.
There are five basic types of coverage in Arizona homeowner insurance plans.
· Property Damage – Provides money to cover damages to the home resulting from basic perils such as fire, windstorm, lightning or hail. Excluded from his coverage is protection from damage caused by flood or earthquakes.
· Contents Insurance – Accords protection to personal property that may be damaged or stolen like appliances, clothing, jewelry, and electronic equipment. Homeowners should note, however, that depreciation of the item’s value will occur before the claim is paid, so the policy owner should ensure that certain items in his/her policy are scheduled in order to receive the full amount of the claim.
· Additional Living Expense – Provides additional funds for the homeowner and his/her family in the event that they need to live temporarily elsewhere (like in a motel or an apartment). This also covers food and clothing.
· Personal Liability – This coverage provides protection against lawsuit or claims resulting from bodily injury or property damage deemed by the court as the responsibility of the homeowner. There is a maximum limit to this coverage, however. Once the limit has been reached, the homeowner will shoulder the additional expenses out of his own pocket.
· Medical Expenses – This will cover the medical expenses of individuals who were injured on the homeowner’s property. This particular coverage excludes injuries suffered by the homeowner and members of his/her family.
It is important to remember that homeowner insurance in Arizona does not include flood and earthquake coverage. These could be added to the basic policy at an extra cost or, in the case of flood protection, a separate policy to be purchased from the National Flood Insurance Program.
Find a homeowner insurance policy in each of these Arizona cities
Apache Junction – Avondale – Bisbee – Buckeye – Bullhead City – Camp Verde – Casa Grande – Casas Adobes – Catalina – Catalina Foothills – Chandler – Chino Valley – Coolidge – Cottonwood – Cottonwood-Verde Village – Dewey-Humboldt – Douglas – Drexel Heights – El Mirage – Eloy – Flagstaff – Florence – Flowing Wells – Fortuna Foothills – Fountain Hills – Gilbert – Glendale – Globe – Gold Camp – Goodyear – Green Valley – Kingman – Lake Havasu City – Marana – Mesa – Mohave Valley – New Kingman-Butler – New River – Nogales – Oro Valley – Page – Paradise Valley – Payson – Peoria – Phoenix – Picture Rocks – Prescott – Prescott Valley – Safford – San Luis – Scottsdale – Sedona – Show Low – Sierra Vista – Sierra Vista Southeast – Somerton – Sun City – Sun City West – Sun Lakes – Surprise – Tanque Verde – Tempe – Tuba City – Tucson – Tucson Estates – Winslow – Yuma – Apache County – Cochise County – Coconino County – Gila County – Graham County – Greenlee County – La Paz County – Maricopa County – Mohave County – Navajo County – Pima County – Pinal County – Santa Cruz County – Yavapai
Homeowner insurance in Arizona provides coverage in the event of damage to your property from theft, fire, floods, and natural disasters as well as protects you from liability for injuries or damage caused to people on your property. The right homeowner insurance rates from a reputable agent can help you make the best choices about this important protection for you and your family.