Home Insurance Coverages

While Arizona law doesn’t require home insurance, you may need this coverage if a federal-regulated lender finances your house. But compliance shouldn’t be the only motivator to invest in home insurance — this coverage covers you in more than one way.

When shopping for insurance, here are the home insurance coverages to consider:

• Dwelling coverage: This policy protects your building structure from perils like fire, theft, hail, and so on. However, disasters like floods, earthquakes, and pest infestation aren’t covered by typical home insurance. However, you can buy “riders” or “add-ons” to boost your coverage.
• Personal contents coverage: Home insurance protects your assets like furniture, electronics, and clothing from covered perils. This way, you don’t have to start from scratch when perils strike.
• Liability coverage: If you, your pet, or your family member causes bodily injury or property damage to other people, your home insurance policy can step in to cover the ensuing liability costs. Besides, home insurance can come to your rescue when sued.
• Loss of use: What would you do if a covered peril destroyed your home? Would you start calling friends and relatives for a place to stay? Or perhaps you will have to look for a hotel? Thankfully, if you have home insurance, it can pay for additional living expenses (like hotel accommodation and food) until your home becomes livable again.

Now that you have learned about home insurance, why don’t you go ahead to purchase coverage from Capital Direct Insurance Services? Because we understand that each homeowner has unique needs, we customize home insurance to fit your individual needs. Contact us today to get the conversation started.