How Much Arizona Home Insurance is Enough?

So how do we determine how much Home Insurance is enough in Arizona?  Our licensed insurance agents will ask you a series of quesitons about your home, utilize a replacement cost calculator tool and review real estate records to help insure your home is adequately insured.

Losing a home is devastating to anyone and most of us don’t want to think about what would happen should our home become a total loss.

However, it is very important your home insurance replacement cost is calculated to properly protect you and your family.

Arizona Home InsuranceThe cost to rebuild your home is typically its replacement cost minus the land value.

Home Replacement Costs in Arizona can vary from community to community within Arizona. The kinds of building materials used in the home can   Ask our agents for more information. We utilize Replacement Cost Estimators to help us determine home replacement values.

We understand insurance can be confusing and we’re always here to help you.

Greene Insurance Group understands the insurance needs of our clients.  We work with you to estimate the replacement cost for your home using our specialized industry calculation tool.  Many of our policies include an inflation guard built-in to adjust your policy limits from time to time as needed.

It is critical that you provide us with accurate, updated information about your home and contents. If you plan to build on an addition to your home, make sure you call us right away so we can add proper coverage.

Once insure your home and possessions, it’s a good idea to re-examine your coverages and limits from time to time, especially whenever you make additions or improvements. Greene Insurance Group can help you re-evaluate your insurance needs, just give us a call at 480-657-2800 to speak with one of our agents.

Call Greene Insurance Group to evaluate your home insurance coverage

Here are some steps you can take to reduce the danger of being seriously underinsured:

  1. Call Greene Insurance Group. If you have questions or concerns about the limits in your policy, ask us to show you how those amounts were calculated. This will also give you an opportunity to make us aware of any overlooked information.
  2. Read your policy. Certain property, such as jewelry, and certain perils, such as earthquake or flood, is better insured separately. Knowing what is covered and for how much will help you insure properly. If there is anything in your policy you don’t understand, contact Greene Insurance Group at 480-657-2800 and ask for an explanation.
  3. Review. At each annual renewal of your policy, you receive a new Policy Declarations page showing limits of coverage and optional coverages. Review this information. If you do any significant remodeling or add a family room, extra bedroom or bathroom, etc., tell us about these changes so your coverage limits can be adjusted to cover the improvement.
  4. Consider carefully whether your policy provides all the protection you need. Does it provide coverage for extra costs resulting from building code changes? Does it automatically increase coverage limits annually to keep pace with inflation? Does it provide additional funds if the cost of rebuilding your home exceeds the policy limits?

Make sure you know:

  • Will your insurance company stand behind agreed upon repairs after a claim?
  • Does your policy include replacement cost coverage for contents (clothing, furniture, appliances, and other personal property inside your home)? If not, you can add it by endorsement. The cost is small, the protection valuable. Replacement Cost Coverage pays for losses to your possessions at the cost of brand new items. Without this option, a covered loss to your personal possessions would be depreciated by their age and condition, reducing the size of your claim settlement.

If you have an art collection, antique furniture, jewelry, or other valuable possessions, talk to your agent about supplemental coverages, such as fine arts or scheduled property endorsements, to adequately protect your investment in these items. The cost is modest for the extra protection, and often the deductible is waived.

Consider whether you should have more coverage for personal property (contents) than your policy provides. Personal property coverage is typically included at a percentage of the home Coverage A limit.  Increased protection is available for a small additional premium.  Ask an agent for more info.

Inventory your home. Prepare an inventory of personal property items, update it periodically, and keep it in a safe place outside your home, such as a safe deposit box at your bank. It will save you hours of time trying to list everything damaged or destroyed if you need to make a claim. It will also help ensure you don’t forget some items. Greene Insurance Group can advise you on ways to simplify the job of preparing a personal property inventory such as videotaping each room with descriptive information on the sound track.

Personal Liability

Besides making sure you have enough protection to cover possible damage to your own home and contents, you should also evaluate your exposure to liability risks. These result from damage to the property of another, or injury to a person, not a member of your household, for which you can be responsible.

In recent years it’s become common for homeowners to be sued for injuries or damages to others, even when there is no evidence of negligence by the homeowner. The reality today is if you have any appreciable assets, you are exposed to the risk of being sued. Even if you ultimately prevail in court, your legal fees and the months or years of worry and uncertainty can be a terrible burden on you and your family.

The Personal Liability coverage provided by your Homeowners Policy usually provides a limit of $100,000 or $300,000. We recommend increasing this protection with a personal umbrella policy. Not only will it increase your personal liability, but also your auto liability. Limits are available from $1 million to $10 million and beyond. The cost of this coverage is usually very reasonable.

Keep in mind that Arizona can require certain minimum levels of coverage. The right coverage for you is unique – talk to Greene Insurance Group today to find out how to get the best price and value on home insurance for you.

Call (888) 958-5622 for Arizona Insurance Quotes

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Greene Insurance Group

There are 3 ways to purchase insurance
  • Direct from the insurance company – Some consumers assume buying direct from the insurance company may offer better rates, but often times they do not. When consumers purchase through a call center or online, they find themselves sitting on hold in a call queue or waiting for someone to answer their question by chat.  This is very frustrating and wastes your time.  We answer your calls regarding your policy directly at our local offices.
  • Captive Insurance Agents – Captive Insurance Agents usually offer insurance from one company. (Examples: State Farm, Geico, Farmers, American Family).  They are only able to offer their insurance brand at their companies filed rates. This keeps you calling around from agency to agency.
  • Independent Insurance Agents – Independent Insurance Agents such as Greene Insurance Group are truly Independent, not owned or contracted with any one insurance company.  The Licensed Agents at Greene Insurance are able to shop and compare insurance coverage and rates among dozens of top-rated insurance companies. At Greene Insurance Group, we save our clients time, money & the hassles of shopping for insurance

We Save Our Clients Time & Money

Greene Insurance Group is an Arizona Independent Insurance Agent and our licensed insurance agents go to work for you. We’ll ask a series of questions and then carefully begin the search to find the best coverage at the best prices among dozens of top-rated insurance companies.  We customize coverage to fit our client’s individual needs.

We’re Local, Family-Owned & Here to Serve You!

Since 1962, our family has pledged to protect families and businesses through personal insurance and business insurance products.

When you purchase insurance through Greene Insurance, we remain your local Insurance Agency and We’ll be here to assist you with any changes to your policy, questions about coverage or claims.

We welcome the opportunity to earn your business

We want to serve and protect you and your family.

*On very limited occasions, there may be an additional fee(s) on risks hard to place due to claims exposure or risks that require surplus lines placement. We insure fewer than 1% of these kinds of risks and only as a courtesy to our clients. Ask for details.

Arizona Independent Insurance Agent

We’re an Arizona Independent Insurance Agent & Work For Our Clients

We customize coverage to fit our clients needs, offer competitive rates & offer best in class service.

Top-Rated Insurance Companies:

As an Arizona Insurance Agent, Greene Insurance Group serves most of Arizona including: PhoenixScottsdaleParadise Valley, Carefree, Cave Creek, Anthem, Fountain Hills, GoodyearBuckeyeSurprisePeoria, Sun City, Glendale, ChandlerGilbertMesaQueen CreekSan Tan Valley, Tucson, MaranaOro ValleyAhwatukee Foothills, PrescottPrescott Valley, Flagstaff, Sedona and surrounding areas.