Homeowners Insurance in Phoenix, AZ

People don’t purchase homes expecting accidents, burglaries, fires or theft. The financial burden from these unforeseen events can be substantial and might even deplete a homeowner’s savings. To help safeguard your finances, consider purchasing homeowners insurance. It can cover your home and personal belongings against various perils and may provide liability protection if a third party is injured on your property.

What Is Home Insurance?

Home insurance can provide financial protection for your home, covering both its structure and contents. When unexpected events like fires, hail or burst pipes occur, your policy can pay for rebuilding and replacing lost possessions. Additionally, home insurance can cover medical expenses and legal fees in case a third party gets injured on your property.

Although federal law does not mandate home insurance, mortgage lenders usually require it to protect their investments. Some lenders may also mandate specific types of coverage, such as flood insurance, for properties in flood-prone areas.

What Does Homeowners Insurance Typically Cover?

In Phoenix, AZ, standard home insurance coverage typically includes the following components:

• Dwelling coverage may cover costs of repairing or rebuilding your home’s structure after damage from a covered peril.
• Personal property coverage may reimburse the cost of replacing or repairing your personal belongings, such as appliances, furniture and clothing.
• Liability coverage may pay for unintentional injuries or property damage you cause to others.
• Additional living expenses may help with temporary living expenses if your home is being repaired due to a covered peril.

What Is Not Covered by Homeowners Insurance?

Basic home insurance policies typically do not cover certain types of damage and liabilities, including the following:

• Flooding
• Wear and tear
• High-value items like jewelry
• Pest infestations
• Earth movements, such as earthquakes and landslides

Where to Buy Homeowners Insurance

If you’re looking for a homeowners insurance policy or want to know if your coverage is adequate, we’re here to help. Contact Facil Insurance today to get started or request your free homeowners insurance quote.