Homeowners Insurance
Get a Homeowners Insurance Quote in Queen Creek
Homeowners insurance is a necessity. It protects your home and possessions against damage or theft, and almost all mortgage companies require borrowers to carry coverage — denying loans to those without it. A good understanding of what is and isn't covered helps you protect your home and know whether your belongings can be replaced.
What is homeowners insurance?
Homeowners insurance compensates you if a covered event damages or destroys your home or personal items, and can also cover you if you injure someone else or cause property damage. Its three main functions are to repair your house, yard, and other structures; repair or replace your personal belongings; and cover personal liability if you're held legally responsible for injury or damage to someone else.
Policies are generally "package policies" covering both damage to your property and your liability. While they cover a lot of disaster-related damage, there are exceptions — flood and earthquake insurance are separate policies, and maintenance-related problems are the homeowner's responsibility.
What a standard policy covers
- Home Interior & Exterior Repair or rebuild after fire, storms, lightning, vandalism, and other covered disasters.
- Personal Belongings Clothing, furniture, and appliances destroyed in a covered event.
- Liability for Injuries Protection from lawsuits — experts suggest at least $300,000 of coverage.
- Additional Living Expenses Rent, hotel, and meals if you're forced out of your home during repairs.
Frequently asked questions
Is homeowners insurance required?
It isn't strictly required by law, but if you have a mortgage your lender will require it to protect their investment. Even without a mortgage, home insurance is a wise purchase.
Does it cover floods and earthquakes?
Not by default. Flood insurance and earthquake insurance are separate policies, which may be a wise choice depending on where you live. Damage from poor home maintenance is also generally excluded.
What levels of coverage are available?
There are three levels: Actual Cash Value (value after depreciation), Replacement Cost (repair or rebuild without a deduction for depreciation), and Extended/Guaranteed Replacement Value (pays to rebuild even if it exceeds your policy limit).
Ready for great rates on the coverage you need?
Call your local Queen Creek insurance broker today, or send us a message and we'll get right back to you.