Are you a homeowner in the Chandler, AZ area? Is your most valuable asset protected with homeowner’s insurance? The San Marcos Insurance Group can provide the coverage needed to protect your home.
Why is homeowner’s insurance important? Because it protects the owner’s home and personal property. If there is a loss due to a covered event, insurance will provide the funds for the rebuilding or repairing of the house.
Also, if someone is injured while on the homeowner’s property, it provides liability coverage for any legal action that may result.
Legally, you can own a home without this coverage. However, any mortgage holder will require that an insurance policy protect their interests. Homeowner’s insurance is still highly recommended if the property does not have a mortgage because it is totally paid for. If someone is injured on the property, the policy will help cover any legal expenses associated with the claim.
The standard homeowner’s policy provides four types of coverage:
- The dwelling or home
- Additional structures, such as a garage or storage shed
- Personal property
- Liability coverage
The basic levels of coverage are replacement cost, actual cash value, or extended replacement cost or value. Policies cover damage or destruction to the home’s exterior and interior, theft or loss of personal property, and any personal liability due to harm to others. If a home is damaged by a weather event such as strong winds, insurance can help pay for it.
Don’t let your most valuable asset remain unprotected. If you live in the Chandler, AZ area, the professionals at the San Marcos Insurance Group can provide you with a quote or answer any questions you may have regarding homeowner’s insurance. Contact them today. You will be glad you did.