AZ INSURANCE TEAM BLOG

Homeowners insurance is there to cover an owner when a large loss occurs. Insurance is not meant to cover an owner from small damage or normal wear and tear. The real question is when should a homeowners claim be filed? There are several factors that need to be looked at to see if filing a claim will harm or help the policy holder. The first thing that should be looked at is the amount of loss vs. the deductible.  If the repair is cheaper than the deductible a claim should no

60 days after a house is vacant, a normal homeowners or landlord policy with cover NOTHING. Being an investor, whether you are rehabbing a house or renting houses out, you are having to deal with vacancies  Whether the house burns down or someone cracks their head open due to tripping on a tree stump, the insurance company will deny any and all claims. If you are an investor that rehabs houses , you have to have a special type of insurance (that is sometimes hard to find).  T

Over the course of the past decade, the cost of homeowners insurance nationwide has increased by an average of 70%.  According to ValuePenguin , the average Arizona homeowner pays just under $2000 annually for their homeowners insurance each year.  All things considered, this rate is pennies on the dollar compared to the amount that it would cost to replace your home. As with many things, we’re all very fond of saving some money every chance we get, and fortunately for us, th

Most investors understand that liability coverage is important, but that doesn’t always mean they understand why . As a property owner, you are ultimately responsible for what happens at the homes you own. That responsibility goes beyond rent collection and maintenance; it includes exposure to personal liability  if someone is injured on your property. For example, let’s say your tenant owns a dog. If that dog bites someone, the injured party will likely attempt to sue the

During the 1960’s the price of copper skyrocketed and many new homes that were being remodeled had aluminum wiring installed.  It was a known fact that aluminum wasn’t as effective of a conductor as copper but it was still seen as the cheaper alternative.  Later, the Consumer Product Safety Commission deemed that this aluminum wiring was 55% more likely to result in a fire than copper wiring.  Now older homes in the Phoenix and Tempe area can be at risk.  The primary reason f