Home Insurance

Home insurance is a form of property insurance that covers losses and damages to an individual's residence along with furnishings and other assets in the home.  Home insurance may have a different title depending on the type of policy needed.  

Who should purchase home insurance and why?

• Owners: To protect both your house and personal property. - Homeowners insurance
• Tenants: To protect your furniture and personal property. - Renters insurance
• Everyone: Protection against liability for accidents that injure other people or damage their property.  

How much home insurance is needed?

• Asset Protection: More coverage generally means you will have less to pay out of your own pocket if disaster strikes. You must determine the amount you can financially afford to lose or need to receive in order to rebuild? Depending upon your determination, more insurance may be the answer. You should insure your property to the value you believe your home is worth to obtain maximum protection. You need enough liability coverage to protect yourself from lawsuits resulting from your possible negligence.
• Lender Requirements: Your lender may require you to cover the house for at least the amount of the mortgage. This may be too little or too much for your individual circumstances. You are not required to purchase insurance from the insurer recommended by your lender.
• Policy Requirements: Insurers may impose some conditions for replacement cost protection, including your insuring the property to value.

Why are my homeowners insurance premiums going up?

• If you find yourself asking this question, you are not alone. Click here to learn more.

A new law will take effect in Arizona on June 30, 2023, with potential implications for dog owners and insurers: 

A.R.S. § 20-1510.  Homeowner's or renter's insurance; dog breeds; prohibitions; definitions

A. The breed of a dog may not be the sole factor considered or used for any of the following purposes:

     1. Underwriting or actuarial processes for determining risk, liability or actual or potential losses related to claims involving dogs under a policy of insurance.

     2. Questionnaires, surveys or other means of gathering information regarding ownership or possession of a dog or the presence of a dog on premises insured or to be insured under a policy of insurance.

B. For the purposes of this section:

     1. "Breed" means the actual or perceived breed or mixture of breeds of a dog.

     2. "Policy of insurance" means a homeowner's or renter's policy of insurance.

Below are additional informational pages to help understand Home Insurance