AZ INSURANCE TEAM BLOG

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

Millions of Americans are affected by identity theft each year and while Americans are becoming more aware of the dangers, identity thieves are also getting craftier. Once a thief has stolen your identity, they can steal your tax refund, apply for credit cards and loans in your name, sell your information to other criminals, and withdraw funds from your bank account. For this reason it’s important to recognize the signs of identity fraud early on and prevent your finances fro

The color of my car is a factor when determining my rates: Contrary to popular belief, red cars do not cost more to insure. You won’t even be asked about the color of your car when you’re being quoted. However, your car’s make and model, year, and engine size are among some of the factors that can have an effect on your rates. If someone else gets into an accident in my car i wont be held responsible: Typically, the insurance policy covering the vehicle is considered the p