Is It Time For An Insurance Review?
Homeowners in Arizona, and the Las Sendas community, have been fortunate as housing demand has driven up home prices significantly over the past couple of years in many areas. Some properties have doubled in value over the past five years.
Additionally, growth in the stock market has increased the net worth of many investment portfolios. Certainly, these are positive developments, but with these increases in value, have you increased the coverage limits in your insurance policies to protect yourself? The question is not limited to your homeowner’s policy, but also extends to your auto policy. The liability coverages you carry should be enough to protect a significant portion of the value of your assets. Too low of a coverage can provide incentive for legal action against you as others may sue to recover actual and/or punitive monetary damages if you were at fault causing injury or loss-in-value to another person or their property.
So, if you have not updated your policy coverages in the past year, you may be at risk of being underinsured. An Insurance Review with an experienced agent understanding your specific needs, evaluating options, and making changes to keep up with the increasing value of your assets is a great way to adequately protect yourself.
If interested, our team is here to help and conduct a personalized insurance review with you! Please call my office at (480) 924-1999 to schedule an appointment.