Month: August 2025

What add-ons and endorsements do I need for my Home Insurance policy?

Posted on by agentinsure

At San Marcos Insurance Group in Chandler, AZ, we emphasize to each client the importance of assessing their specific insurance needs and potential risks of loss. You may need coverage for your home beyond what comes standard. In this article, we’ll discuss add-on and endorsement options for your home insurance policy, which provide added protection for many costly disasters.

What Comes Standard on a Home Insurance Policy?

Basic homeowner insurance includes coverage for your dwelling (your home itself) and other structures (such as sheds or detached garages). Standard policies also compensate you for damage to your personal belongings and additional living expenses if you’re displaced after a covered incident. Additionally, you and your household members are covered for personal liability in case of a lawsuit for accidentally injuring someone or damaging their property.

Standard home insurance typically covers perils such as fire, windstorms, lightning damage, hail, explosions, vandalism, or theft.

What Could Your Policy Be Missing?

While standard home insurance provides great protection, there are additional options that can be helpful:

  • Replacement Cost Value (RCV): Standard policies often compensate you based on actual cash value (ACV), which factors in depreciation. Replacement cost coverage increases your compensation to reflect current market rates.
  • Sump Pump Overflows and Water Backups: This add-on protects your dwelling and belongings from water damage caused by these issues.
  • Major Equipment Breakdowns: Coverage for mechanical or electrical failures of essential equipment like HVAC systems or water heaters.
  • Special Endorsements: Earthquake and flood coverage can be added separately, as they are not included in standard policies.
  • Scheduled Personal Property: Coverage for specific high-value items like fine art, collectibles, and jewelry damaged in a covered incident.
  • Identity Theft Protection: Coverage for expenses related to identity theft recovery, credit monitoring, lost wages, and legal fees.

For More Information on Insurance Add-Ons and Endorsements

Contact us at San Marcos Insurance Group in Chandler, AZ, to review your homeowner policy and discuss your options with an agent—call (602) 362-3360 to schedule an appointment. We’re here to provide reassurance during life’s unforeseen events.

Revise Your Automotive Insurance Policy Before Traveling

Posted on by agentinsure

Review your travel plans before operating your vehicle during an upcoming trip. Your plans may lead you to consider modifying your insurance policy. These modifications can provide added security while you’re on the road.

The Route You Will Follow

Take a close look at the details of your upcoming trip. Consider the route you’ll be taking. Will you be driving on unfamiliar roads? Are you concerned about congestion on certain roadways?

If you’re worried about any aspects of your trip, you may benefit from adding additional liability coverage or collision coverage to your auto insurance policy. Both types of coverage can protect against damage incurred during a vehicular accident. Liability coverage also provides protection if you cause damage to property while operating your vehicle.

How Your Vehicle Will Be Used

Think about how you plan to use your vehicle during the trip. Will you be driving solo, or will you have passengers? Review your travel plans carefully to determine your needs.

Different types of insurance coverage may be necessary depending on how you’ll be using your vehicle. For example, if you plan to tow a trailer, you may benefit from add-on coverage that protects the tow-bar, trailer, and other towing essentials you’ll be using throughout your travels.

Insurance Concerns You Have

Do you think your auto insurance policy could benefit from modifications? Don’t hesitate to consult with an insurance agent. Bring your concerns to one of our agents at San Marcos Insurance Group. An insurance agent serving Chandler, AZ will be ready to assist you with your insurance needs.