Guide to Arizona Home Insurance
Understand your choices when it comes to home insurance. No Arizona homeowner should be without this information.
Definition of Covered Property
When you get Arizona home insurance quotes, you will likely see the term "covered property" as you review policies. Usually, covered property is divided into four categories, the definitions of which can vary by insurer, state, and policy. Here are the four categories:
- Dwelling - the actual structure of your home.
- Other structures - structures that are not actually part of your house but are still on your property. For example, a freestanding garage or tool shed would fall in the "other structures" category.
- Personal property - the items you keep inside your home qualify as personal property. Keep in mind as you get Arizona home insurance quotes that not all of your personal belongings will be covered by your home insurance policy. For example, items of very high value, such as furs or jewelry, may require separate policies or riders.
- Loss of use - if damage occurs to your home that makes it uninhabitable, home insurance will pay for your living expenses while your house is being repaired or replaced.
Is It Covered?
Many Arizona homeowners are unclear exactly what their policies do and do not cover. Here is a list of disasters and an explanation of whether they're covered:
- Earthquakes - a standard homeowners policy will not cover earthquake-related damage. When you shop for Arizona home insurance quotes, you may also have to look for earthquake insurance if you live in a seismically active region.
- Floods - separate flood insurance is required in most cases. If you live in a flood-prone area, you will need to purchase flood insurance in addition to home insurance.
- Hail - hail and wind damage are almost always covered by most home insurance policies.
- Hurricanes - hurricane-related damage is usually covered by home insurance, but not damages related to flooding. For the most part, people shopping for Arizona home insurance quotes don't have to worry about this particular disaster.
