Nowadays, it seems like you can’t watch or open a news report without hearing harrowing stories of devastation and survival. Southern Arizona residents are especially aware of this because of the recent wildfires afflicting the region.
Living through such an ordeal takes an emotional toll. But if consumers are not prepared for the unexpected, Better Business bureau of Southern Arizona advises that the experience could also trigger financial disaster.
After making sure your home is well-built, suited for your environment and properly maintained, homeowner insurance is the best line of defense for your home, financial stability and peace of mind.
Standard homeowner insurance policies include four main categories:
- The structure – purchase enough insurance to rebuild your entire home at current construction costs
- Your personal belongings – take an inventory to determine how much insurance is needed – consider videotaping or photographing your home and its contents to help document your possessions
- Liability protection – don’t cut corners – this covers damage or injuries inflected on others in your home (or by your pet) – short-changing coverage puts you at risk of out-of-pocket expenses (more…)