Do I Need Home Insurance in Arizona?

Your home in Chandler, AZ is an instrumental part of you and your loved one’s lives. Owning a home is an exciting experience, but most residents, unluckily, haven’t thought much about home insurance. Many homeowners regard home insurance as an option, but it should be an ultimate necessity in reality. Home insurance will not only leave you stress-free but saves you tens of thousands of dollars in the long run when unexpected perils strike. If you are willing to discuss your option for a home insurance plan, please liaise with San Marcos Insurance Group serving Chandler, AZ and its environs. We will help you design the right home insurance policy to protect your expensive asset.

Is home insurance mandatory in Arizona?

Home insurance isn’t mandatory in Arizona if you don’t have a mortgage for your dwelling serving as your lenders’ collateral. However, it’s wise to consider if you can afford to pay for the cost of repair or replace your home if covered calamities destroy it. With that being said, here are the benefits of buying home insurance:

Coverage for your home contents

Home insurance safeguards your personal property like electronic appliances, furniture and clothing if damaged by a covered peril like fire or storm. You can be reimbursed fully or partially, depending on your specific policy.

Provides liability protection

 Liability protection coverage shields you against probable lawsuits arising from bodily injury and property damage you and your family members propagate to other parties. It caters to medical expenses resulting from injuries sustained by your guests while on your property or elsewhere.

Protect your home 

Imagine if your house was ravaged by fire or hurricane, suffering immense losses? If you procure coverage for your dwelling, it will cater to repairing or reestablishing your house if it is ravaged by a covered event like hail and lightning, among others.

Provides additional living expenses coverage

 Suppose your house becomes uninhabitable due to destruction from fire, storm, or other covered incertitudes. In that case, your additional living expense coverage pays for the additional expenses such as hotel bills if you are residing elsewhere temporarily.

Contact San Marcos Insurance Group today for comprehensive information about obtaining spectacular home insurance in Chandler, AZ and how it works. We can assist you in making an informed decision and customizing a policy suiting your needs and budget.

7 Auto Insurance Phrases You Should Know

Your auto insurance policy can be confusing when you start to read through it. Often terms are used and you may have heard them before, but you are not quite clear on what they mean. You can gain a lot of knowledge by discussing the details of your policy with a qualified insurance agent.

Understanding the key terms in your policy will help you get the most out of your insurance. The agents at San Marcos Insurance Group in Chandler, AZ are experienced professionals that know the key terms to help our clients understand the ins and outs of their auto insurance policies

Key Auto Insurance Terms

There are many auto insurance terms and some are not crucial to understand. Here are some common key terms that are used in policies often.

  • Premium – This term is heard a lot and simply means the amount paid to an insurance company so they will pay claims for your specific coverage.
  • Collision coverage – If your vehicle is damaged after hitting another car or object, collision is the part of the policy that protects you.
  • Bodily injury liability – This is what covers you if you are the cause of an accident where affected parties are killed or injured.
  • No-fault insurance – Regardless of if you caused an accident or not, no-fault covers medical expenses.
  • Personal injury – Protection in case of injury if you are in an accident.
  • Deductible – Out of pocket money spent before your insurance company covers the remainder of a claim.
  • Uninsured motorist – If another driver hits you and they don’t have insurance, this type of coverage protects you.

Professional Insurance Agents in Chandler, AZ

Contact us at San Marcos Insurance Group in Chandler, AZ to speak with one of our agents about your auto insurance needs. We are happy to help you understand the terms of your insurance coverage, so you know exactly what is in your policy.