Every insurance policy is different and can provide certain levels of protection tailored towards the needs of the policy holder. However, there are some standard types of coverage that are included in most basic home insurance policies.
Basic Levels Of Protection
Most homeowner insurance policies will include some basic levels of protection and coverage. The main dwelling will be protected from many forms of damage and the insurance company will pay to repair the damaged dwelling. This will extend to other smaller structures on the property, like sheds and separate garages, but the level of coverage will differ.
Damage is one important aspect of insurance, but protection for personal belongings is equally important and is also included in a standard home insurance policy. The monetary value of items in the home will be covered in case of damage or theft, so it’s a good idea to keep track of valuables. Every insurance company will have a different limit on the amount covered, so it’s wise to compare the value of belongings against the level of coverage.
The third aspect of home insurance policies is liability protection. This will cover any personal injuries that are incurred on the property by people who do not live there. It may seem silly, but having protection in case of a lawsuit can go a long way to saving a family financially as attorney fees and medical bills add up.
What Is Not Included?
Although each insurance company has different policies that cover different parts of the home, almost all of them do not include one important aspect in their policies. Damage caused by floods, earthquakes and war will not be included in most standard home insurance policies and may be important depending on the geography of the area.
Another important note is that flood damage does not just apply to natural flooding in the region, but will also include water damage from broken pipes or backed up sewage lines. It’s an important distinction because many first-time home owners assume this water damage will be covered under their basic insurance policy.
The right insurance policy can be difficult to figure out for first-time home owners. There are many questions to ask about the property to determine the right policy and it’s a good idea to consult your local real estate agent to get their insight into what additions may be needed. Give me a call for more information – J.P. Cook – 602-320-4253.
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4533 N 93rd Glen
Phoenix, AZ 85037
$550,000
4
Beds
3
Baths
2,590
SqFt
Status
Active
MLS #
6656309
Property Type
Single Family Residence
Price Type
--
Embark on a journey to explore the captivating charm of this stunning 4-bedroom home, where an inviting open floor plan seamlessly integrates with a versatile semi-open den, perfect for a home office or creative studio. Step inside to discover the warm allure of wood-look flooring and a spacious great room, designed for both lively social gatherings and cherished family moments. The delightful kitchen is a focal point, featuring pristine white cabinets, stainless steel appliances, a pantry, granite countertops, subway tile backsplash, and a center island with a breakfast bar. Unwind in the tranquil main bedroom, complete with a trendy barn door that leads to a luxurious ensuite boasting dual vanities, a makeup table, and a generous walk-in closet. Outside, the expansive backyard beckons with a covered patio, paver seating areas, and low-maintenance artificial turf, providing the perfect setting for relaxation and outdoor enjoyment. This home is a true gem waiting to become yours, promising a lifestyle of comfort, style, and endless possibilities!
427 Leisure World --
Mesa, AZ 85206
$550,000
3
Beds
2
Baths
2,751
SqFt
Status
Active
MLS #
6682029
Property Type
Single Family Residence
Price Type
--
Seller is offering to pay 1 year of HOA fees! Easy to Show. NEW ROOF with warranty 2023. NEW HVAC with warranty 12/2023. Cherry wood cabinets with crown moulding, Stainless Steel Appliances & reverse osmosis. A CHEF'S DREAM KITCHEN! Finished AZ Room with BRAND NEW A/C unit & wetbar inclluding granite countertops,Crown moulding throughout, Hardwood flooring where it really counts, Bay window in the kitchen with window seat, extensive travertine tile in both bathrooms w/Cherry wood vanities and granite tops. Office w/ built-in shelving and desks in 3rd bedroom. Epoxy sealed, extended length 2.5 car, AIR CONDITIONED garage with utlility sink. Too much to list! 36 holes of golf, Dog Park, pickleball, tennis courts and more!.
36843 W Indian School Road
Tonopah, AZ 85354
$550,000
4
Beds
2.5
Baths
2,969
SqFt
Status
Active
MLS #
6694104
Property Type
Single Family Residence
Price Type
--
Wow, fantastic opportunity to own a residence with 2,969 SqFt of construction on a 1.1-acre lot! The impeccable interior boasts a warm palette, neutral tile flooring, recessed lighting, tall ceilings, and a sizable den ideal for an office or a formal living room. The bright & ample great room promotes a greater traffic flow & maximizes space. This open floor design makes entertaining a bliss! The kitchen features white shaker cabinetry, granite countertops, stainless steel appliances, a pantry, and an island with a breakfast bar. The primary bedroom has a full ensuite with a step-in shower, a jetted tub, a dual sink vanity, and a walk-in closet. The vast exterior offers endless landscaping potential to get creative, with room for RVs, a pool, & space for horses to roam. Take a tour today!
2137 E Downing Street
Mesa, AZ 85213
$550,000
3
Beds
2
Baths
2,298
SqFt
Status
Active
MLS #
6709293
Property Type
Single Family Residence
Price Type
--
See this stunning single-level property nestled on a peaceful corner lot, in the Pine Terrace community with no HOA. Enter this inviting & spacious floor plan with approx. 2,300 sq ft of luxurious living space & 3 oversized bedrooms. The primary has 2 huge walk-in closets. The kitchen has been completely renovated, the roof replaced in 2023, some new lighting, freshly painted, custom exterior paint & the solar package is only $86.00 a month. In addition, to the breakfast bar there is a dining room, an Arizona room to feel the tranquility of the private yard, a huge living room & a family room adorned with a fireplace & built in book shelves. Amazing desert landscape surrounds this home & pool in beauty. The CUSTOM RV SHELTER & hook up is what you have been looking for. MOVE-IN Read
