Owning a home in Arizona is something that many people dream of doing. That dream can become a nightmare if your home is damaged by one of the many things that can happen and you are not adequately covered by home insurance. At Bailey Insurance LTD, we are independent insurance agents who represent only insurance companies that offer the kinds of home insurance we would want to carry ourselves. Whether you are a new homeowner or looking to replace or update your current policy, we are here to help you.
One of the main reasons people acquire home insurance is that your mortgage holder will require that you cover your home at least to the value of your mortgage. If you limit yourself to that coverage, you will lose the money that you invested in your home yourself with the down payment and any improvements that have increased its value.
Your lender cares about the physical building that is your house, they don’t care about all the things inside that make it a home. These are your personal possession and you need to protect them with your insurance policy. If they are lost or damaged, you need to have enough coverage to be able to replace them. With replacement cost, you will be able to buy the same or a similar item to what you lost.
If you have visitors at your home, you run the risk of them being injured and holding you responsible. This could lead to a legal suit against you, but liability coverage can help to give you the protection you need.
Owning a home is amazing, but it comes with plenty of things that can keep you up at night with worry. At Bailey Insurance LTD, our job is to make sure that you can sleep like a baby knowing that your home is covered against all these perils. Give us a call or stop by our office and discuss your needs with our knowledgeable team.