About Home Insurance by Joe Szabo, Scottsdale Real Estate Team Arizona

By Joe Szabo, Scottsdale Real Estate Team

Did you know that to an insurance company, you’re not just a homeowner with a bunch of stuff… that you are a set of risks put down on paper on which the insurer bases its premium? These risk factors according to the insurance companies include what you do for a living, who you are, what you own and how you live.   One of the things that can help you in choosing and insurer and getting the proper coverage is knowing your home’s value.  Before you choose a policy, you should know how much it costs to replace your home and a local builder or a real estate agent is the one to provide the best estimate.
Just like anything else you buy, what seems to be the same product can actually cost different in different companies and it pays to comparison shop like you would do with anything else. But just don’t look at the price, because if an insurer takes a long time to service your claim or doesn’t pay at all – it’s no savings.  You can research the insurer’s record for claims service as well as its financial stability.

It is also wise to ask for discounts.  Insurers provide discounts to reward behavior that reduces risk.  People pay over for their coverage many times because they forget to ask about them.  When you make a claim, remember that your insurer is not your best friend. What you think you should be compensated for may not match that of your insurer.  The insurer’s job is to restore you financially whereas your job is to prove your losses so you get what you need. 

Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results. Contact Joe Szabo at 480.688.2020, info@ScottsdaleRealEstateTeam.com or visit www.scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.