Insuring your home correctly

Insuring Your Home Correctly
Of all the assets you own, it is likely your home is the most valuable and the one you cherish the most. Because of this, you want to make sure you have home insurance that adequately covers all necessary expenses and other items associated with your home. Yet when starting the process of buying insurance for your home, you may not know everything you need to in order to make the best decision. To help with this, here are several key points you should always keep in mind during your search.

Rebuilding Costs
When purchasing home insurance, always make sure you take into account the costs that would be associated with rebuilding your home. Should the unthinkable happen such as a fire or a tree falling down on your home, you’ll need to have insurance coverage that will provide you the funding needed for the rebuilding effort.

Your Home’s Contents
While you may not think about it very often, the fact is you have plenty of items in your home. Once you start doing a room-to-room inventory, you’ll quickly discover your kitchen, living room, dining room, bedrooms, and other rooms in your home have lots of furniture and other items whose value can quickly add up. Therefore, before purchasing your home insurance, have a general idea of the value of your home’s contents and how much it would cost to replace everything if necessary.

In almost any home, there will be various types of valuables. Whether this includes antique furniture, valuable jewelry handed down from generation to generation, artwork, or more current valuables such as watches, cameras, or sports equipment, these should always be given careful consideration when buying home insurance. If possible, it is usually a good idea to have these items appraised before buying your insurance. By doing so, you’ll have a much better idea as to how much coverage you will need.

Accidental Damages
No matter how careful you are in and around your home, there is always the chance an accident will take place. Whether this involves a motorist crashing into your property or pipes that burst and cause water damage to your basement, these situations need to be fixed immediately and often require significant amounts of money.

By taking these and other aspects into account, you will be able to purchase your home insurance while making sure you’ll have enough money to cover whatever comes your way.

Best regards,                 

Gary Hanson       II

Professional Insurance Strategies

P: (623) 463-9000  •  F: (623) 463-9001  •  E:

2822 W Northern Ave.  •  Phoenix, AZ 85051

15331 W. Bell Rd, Ste 212, Surprise, AZ 85374

Mailing Address: 3655 W Anthem Way Ste. A 109 #283 • Anthem, AZ 85086 

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Justify your Home Insurance policy

Are you a homeowner? Then you need a home insurance. The chances are you’ve saved hard and long to purchase your property, and if anything wrong happened to it, it could be emotionally and financially devastating.

Although home insurance can’t take away the upset you’re likely to experience if, for example, your home is partially loss or damage by fire or flood, insurance can at least provide peace of mind that you will be able to replace or repair what you’ve lost home.

There are two types of home insurance, buildings or structure cover and contents cover. Here’s we discuss about how a home insurance work and how you can keep premiums to a minimum without any compromising on quality of protection and all benefits.

Buildings/Structure insurance

Buildings/structure insurance covers your actual home structure rather than its contents. So if, for a example, it was destroyed in a fire, flood it will pay for the verify cost of re-building your home.

The amount of home insurance cover you need is therefore depending on the re-build valuation of your home, rather than what it is valued at presently in the market. For example if your property might be valued at $500,000 in the market, your re-build value could only be $150,000( approx)

If you take out cover for your property’s cost and not the re-build Value, then there will be chances of under-insured, which could have major financial consequences if something does go wrong with your property.Our home insurance service provides proper guidance to help you choose an accurate sum insured for your Home policy.

Contents Insurance
Contents insurance, it covers valuable protection in the unfortunate event that your possessions are stolen or lost, or if they are loss by fire or flood. Calculate how much contents cover you will need, it’s a very good idea to do valuation room by room, otherwise it can seem a bit intimidating and it’s easier to miss out things which should be included.

The valueof you content insure should basically be the value, which you need to replace everything you own that’s in your home and premises – so that includes electrical items as well as personal effects such as costly jewellery and various clothing.

Ways to reduce the cost of home insurance cover
If you choose home insurance policy cover both your building/structure and valuable contents insurance with the same insurance service provider, you will usually be entitled to a good deal.

Always justify several quotes from different insurers, insurance service provider before buying as home insurance, and check cover limitations carefully, as cheapest isn’t necessarily always the best if it doesn’t provide you with adequate financial protection.

How to Insure Your Home

Home insurance protects your home, your contents, and, indirectly, you’re other valuable assets in the event of theft, fires and accidents or other disasters.

A standard homeowner’s policy will protect you from things like fallen trees, Fires. Theft etc.  But in polices didn’t mention floods or earthquakes—those events are mainly not covered by a standard policy so you require additional coverage. Homeowners in some areas in U.S.A may be required by their mortgage property to carry these kinds of policies.

A standard policy will also cover your possessions from said disasters as well as theft. But a standard home insurance policy is not a blank check: there’s an upper limit to how much you’ll be compensated. If you have specific things of value, such as expensive jewelry or famous artwork, you can pay a little extra money of each year to insure that such items for their full replacement value.

Now, if someone is on your premises and slips and falls and sprains his legs, he or she might sue you for his or her medical expenses. Homeowners insurance covers your  all other liabilities in this situation as well. And like the same examples mentioned above, you can pay more money for extra coverage. Homeowners insurance is in it required by law and rules like auto insurance. But mortgage sector usually require you to obtain a policy before they’ll give you a loan against your property.

Guaranteed Replacement Cost Cover– This refer to that the insurer will pay for the rebuilding of your home no matter what the cost. These type policies are hard to find these days.

Extended Replacement Coverage– Many insurers offer coverage that caps the payout at around 125 percent of your home’s insured amount.

Inflation Guarantee (or Guard) – This special feature makes sure that your home’s insured amount stays current with the marketplace.

Shopping for a Homeowners Policy There are three kinds of homeowner insurance companies and salespeople: Direct sellers, who sell directly to consumers, Captive agents, who only sell one company’s insurance products; and verified independent insurance agents, who sell  insurance policies from many different companies in U.S.A.  It’s possible that some insurance company will deny your policy application for anything from the risky pool of alligators exactly in your backyard or the tornado that runs through your assets every year. Don’t despair. Search for your state’s FAIR (Fair Access to Insurance Requirements) plan and be insured and happy.

Are Your Policies protecting you from all Insurance needs

Having good insurance policies in place can remove some blows from unexpected events, otherwise mean financial catastrophe for you and your close one. If you’re like common people, you may not fully or partially understand all the policies you have, let alone whether they’re adequate to match your insurance needs.

Here are some points to help you assess your current coverage and decide whether you need to make any necessary changes or not.

Home Insurance Risk

Homeowners insurance may protect you financially in the event any natural disasters to household mishaps. But as millions of homeowners in U.S.A affected by Hurricane Sandy found out the very hard way, standard homeowners insurance doesn’t protect your home against every type of danger.

One of the most common mistakes buyers make about home insurance is thinking that it covers flood damage and all natural calamities, but normal policies specifically exclude flood damage from their coverage. To get this special benefit, you have to obtain additional insurance from the National Flood Insurance Program. Similarly, in earthquake-prone zones, you may need to get special coverage added to your policy, or otherwise it won’t necessarily cover damage from an earthquake.

A Matter of Life and Death

The purpose we need life insurance is something no one likes to think about it, but a policy can be invaluable in providing for your dependent if something wrong happens to you. Even if you already have sufficient coverage, though, doing an annual or semi-annual insurance checkup can lead to cost savings.

Over the years, cost of term life insurance policies has generally down. So for instance, if you purchased a 20-year term life policy 10 years ago, you may find that expenses have fallen enough that obtaining a new 10-year policy and it could actually be cheaper than continuing to pay your existing policy coverage.

The major point where people make insurance cover adjustments is in how much coverage to they have. People events like getting married or having a children or more than can boost your insurance coverage’s, so concern to your insurance agent about whether your current policies provide you enough benefits to overcome all the financial burden or may your family would face if something wrong happened to you.

Taking a Healthy Benefit

One more important area is health insurance where a review makes sense. Many people pay for expensive medical insurance plans even when they never ever use the vast majority of the benefits they provide in between policy period. By looking at your medical expenses now, you’ll be one hundred percent ready in the next time open enrollment and make smart decisions about your regular health insurance choices

What Are Your Cars Worth?

Auto insurance is expensive, but it’s important to protect you from costly liability and injury in a major or minor accident. Still, you can produce substantial savings by making regular compromise to your coverage.

One of the easiest and normal ways to save big comes from dropping collision and comprehensive policy coverage from your policy. Typically, when you have a brand new car, having collision and comprehensive coverage is smart to protect you from a major loss terms of money. Yet as your vehicle ages in long run, the value of collision and comprehensive coverage goes downwards. Giving that coverage up once your vehicle’s value drops below a certain point will produce noticeable monthly savings that you can use toward other savings goals.

Arizona -Auto Insurance -Home Insurance

Insurance companies continue to provide up to 15%-25% discounts for customers that package their auto and home owners insurance coverage in Arizona.

Gary Hanson

Professional Insurance Strategies, LLC

3519 E. Shea Blvd., Suite 120

Phoenix, AZ 85028


623-551-6716 Fax