Buying a home can be an exciting and overwhelming experience. Once you’ve found the Sierra Vista home that you want to buy, you’ll have to sort out a good deal of paperwork so that you are safe and secure in your new house. One important responsibility of homeowners is to obtain homeowner’s insurance, which typically insures the house itself as well as its contents. Most types of disasters are covered with homeowner’s insurance, but not all, which is why it’s important to understand your policy. Keep reading for answers to common questions about Arizona homeowner’s insurance.
Why Do I Need Homeowner’s Insurance?
Like car insurance and health insurance, homeowner’s insurance gives you financial protection in case of damage or injuries. It combines hazard insurance and liability insurance to help you in case your home is damaged, or if someone is injured on your property. Additionally, mortgage companies require that you have homeowner’s insurance. Most companies will have a minimum level of insurance that you must have, but you can always buy more coverage if you think you might need it.
How Much Home Insurance Should I Get?
It will take some serious thinking to determine how much homeowner’s insurance you should get. Carefully weigh the risks and benefits of coverage levels before you make a final decision, and seek professional advice.
What Is the Definition of Property Damage?
If your home or property is damaged by fire, lightning, hail, windstorms, or other weather-related events, it will usually be covered by your homeowner’s insurance. However, damage from floods and earthquakes is not covered. You must take out separate policies if you want flood or earthquake coverage.
Homeowner’s insurance will help you protect your new home from Castle and Cooke Arizona. Contact us at (520) 378-5110 to inquire about our current inventory of homes for sale in Sierra Vista. We are proud to have a positive impact in our greater community.