Arizona Homeowners Insurance Information
Whether you own a house, condominium or townhouse, for most people
their home is their most important investment. Arizona Premier Insurance
Agency of Mesa, AZ offers Arizona homeowners insurance policies that
have flexibility to meet your individual needs and above all, provide you with
the security that comes only from the knowledge that your home is safe.
Insurance for your home is one of the most popular
and important forms of personal insurance and the
typical Arizona homeowners insurance policy has
two main sections:
Section I - insurance coverage for your property
Section II - personal liability coverage (to cover you
in case of lawsuits arising from things that happen on
your property)
Arizona homeowners insurance is often required by
lenders to obtain a mortgage and nearly everyone,
whether you own or lease property, should have the
protection of home owners insurance.
Arizona Homeowners Insurance Policy FAQ
Click on the link below to fill out a secure quote request form for an
Arizona Homeowners Insurance policy that will provide excellent
insurance coverage at an affordable cost. Or you can speak with our
Phoenix, Arizona area Homeowners Insurance specialist toll free at
(888) 270-3434 to discuss the policy features in more detail.
We are a Mesa, AZ insurance agency offering Arizona homeowners insurance to
residents located in the following cities and counties throughout the Grand Canyon
state of Arizona: Phoenix, Gilbert, Peoria, Glendale, Sun City, Maricopa, Sun Lakes,
Chandler, Scottsdale, Sun City West, Tempe, Paradise Valley, Apache Junction,
Fountain Hills, Guadalupe, Laveen, Tolleson, Avondale, Santa Maria, Buckeye,
Perryville, Liberty, Higley, Litchfield Park, Youngtown, El Mirage, Surprise, Morristown,
Wittmann, Fort McDowell, Goodyear, Chandler Heights, Palo Verde, Rainbow Valley,
Komatke, Carefree, Bapchule, Queen Creek, New River, Casa Blanca, Oro Valley,
Tucson, Cortaro, Vail, Sahuarita, Benson, Sonoita, Elgin, Green Valley, Continental,
San Xavier, Madera Canyon, Patagonia, Nogales, Tubac, Amado, South Tucson,
Carmen, Pan Tak, Rillito, Redington, Marana, Red Rock, Picacho, Oracle, San
Manuel, Mt. Lemmon, Catalina, Mammoth, Eloy, Casa Grande, Arizona City, San Tan
Valley, Florence, Cave Creek, Ahwatukee, Las Sendas, Clifton, Morenci, Coolidge,
Oak Creek, Gold Canyon, Payson, Safford, Globe, Yavapai County, Pinal County, Gila
County, Pima County, and Maricopa County, AZ. We can also provide affordable
Arizona homeowners insurance premium rates in the cities of Flagstaff, Prescott
Valley, Yuma, Lake Havasu City, Kingman, Sedona, Bullhead City, and Prescott, AZ.
Replacement Cost or Actual Cash Value Option
in an Arizona Homeowners Insurance Policy
Covered losses under a Arizona homeowners insurance policy can be paid on either a
replacement cost basis or on an actual cash value basis. When "actual cash value" is
used, the policy owner is entitled to the depreciated value of the damaged property.
Therefore, the older the item is, the less money you may receive for it. If you choose the
"replacement cost" coverage, the Arizona homeowners insurance policy will reinburse
the amount it costs to replace the property with something of a similar type and quality at
current prices.
Arizona Homeowners Insurance Policy FAQ
Personal Liability in an Arizona Homeowners Insurance Policy
Personal liability in an Arizona homeowners insurance policy is also an important part of
having security from accidents that may occur on your property. We suggest you choose
coverage limits that are not less than those on other liability insurance you own, such as
car insurance.
Arizona Homeowners Insurance Policy FAQ
Click on the link below to fill out a secure quote request form for a lower cost Arizona
Homeowners Insurance policy premium rate quote that will provide excellent insurance
coverage at an affordable cost. Or you can speak with our Arizona Homeowners
Insurance specialist toll free at (888) 270-3434 to discuss the features in more detail.
Replacement Cost or Actual Cash Value
All Risks or Named Perils
Coinsurance Penalty
Personal Liability
Arizona Homeowners Insurance Policy FAQ
If your policy limit is less than 80% of the replacement cost of your home, you will face a
"coinsurance penalty," which means you'll have out-of-pocket expenses to cover costs
beyond the policy deductible you chose. For example purposes we will assume your
home's estimated replacement value (RCV) is $200,000. The co-insurance clause
requires you carry at least $160,000 (80% of your RCV). If you chose to purchase only a
$80,000 Arizona Homeowners Insurance policy you would be underinsured by half.
Therefore, in the example the insurance company would pay one-half of a loss less the
policy deductible, so if you suffered a $20,000 covered loss to your house, condominium
or townhouse and had a $500 deductible, your policy would only pay $9,500.
Coinsurance Penalty in Arizona Homeowners Insurance
Arizona Homeowners Insurance Policy FAQ
An "All Risks" policy provides the broadest Arizona homeowners insurance protection
because it will cover losses that are due to any peril except those specifically excluded in
the policy. A "Named Perils" policy covers losses that are due to only those perils listed in
the standard Arizona Homeowners Insurance policy and typically include fire, hail,
windstorm, and other physical losses.
All Risks or Named Perils in Arizona Homeowners Insurance
**The information, pictures, and other content in this website about particular insurance
services is only provided for informational purposes. Any decisions regarding your insurance
needs should be discussed with a licensed insurance agent.
Homeowners
Insurance
Arizona
Personal Insurance
Arizona Premier
Insurance Agency
1744 S. Val Vista Drive
Suite 206
Mesa, Arizona 85204
@ Dana Park Village Square
Maricopa County, AZ
Office: (888) 270-3434
Fax: (480) 633-8885
Answer a few questions and
we can provide you with an
insurance quote by phone or
email. Choose an Arizona
personal or business insurance
coverage from the menu above.
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Arizona Home Owners Insurance Policy Information
Arizona Premier Insurance Agency, LLC
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