Insurance tips to remember

Home Insurance Facts That Should Not Be Overlooked

A home buyer has found his/her dream home and is making plans to move in in a few short weeks.  But how well is their most expensive purchase to date protected?  With the never ending list of things to get completed before the close of escrow, making sure insurance is in place so the lender can receive the declaration of insurance page before going to underwriting is just one more item to get done .  So you want your insurance agent to get this off your plate as soon as possible.  However, it will be worth your time to have details discussion with your agent to make sure your home is properly insured.  Here are some important decisions regarding home insurance that should be considered. 

Replacement Cost is key

All homes should be insured for the replacement cost which is not market or appraised value.  The market value takes into account location, neighborhood desirability, condition of the home, etc. Replacement cost is what it costs to replace the house regardless of location.  Think of it this way; the exact same home built in Eloy (near Casa Grande) and Scottsdale will have significantly different market values but the cost to rebuild the house will be the same.

The upgrades currently in the home will affect the replacement cost. Make sure the insurance agent knows the level of upgrades, especially the expensive ones such as plantation shutters, upgraded flooring and kitchen cabinets.

Insuring for cash value will turn into a disappointing surprise if there is a claim because the cash value subtracts out the depreciation.

Ordinance or Law Coverage

This coverage covers the increased cost caused by adherence to current laws and ordinances.  With time building codes change and repairs or replacements will need to incorporate these updated code changes. For example, if a tree falls onto your home that was built in 1985 and the repairs require updated electrical, plumbing or roof systems to meet the current codes this could result in a more costly repair than is covered in the policy. There is a base level of coverage for Ordinace and Law coverage in most policies, just make sure yours is adequate for your home.

Many thanks to Martin Watts with Legacy Insurance (480-969-6229) for helping with the content of this post.

If you’re looking for a home, click on Home Search . If you’d like to know the value of your home, click on Tell Me The Value of My Home.  And if you have any real estate questions, please call me at 480-326-8571.

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$336,450 :: 1326 W CLEAR SPRING Drive, Gilbert AZ, 85233

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3 beds, 3 baths
Home size: 2,016 sq ft
Lot Size: 3,920 sq ft
Added: 12/11/18, Last Updated: 02/10/19
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5856478
Community: CORAL POINT REPLAT LOT 76-101
Tract: CORAL POINT REPLAT LOT 76-101
The price of this listing was last reduced on 2/10/2019 by 0%
Status: Active


WATERFRONT LAKEFRONT LOT in a GATED COMMUNITY with a gorgeous backyard that backs up to the water. Sit out on the balcony and watch the beautiful waterfall. Home has bay windows in the dining room and kitchen. Awesome views from the dining room. Home has Two Zone Air Conditioners. Masterbath has separate Shower and Tub. Home flows smoothly and has great views. Also you can put your boat in the big lake and take it up to the community pool and spa.

Listed with Keller Williams Realty Sonoran Living


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$475,000 :: 6788 S BIRDIE Way, Gilbert AZ, 85298

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5 beds, 2.5 baths
Home size: 2,341 sq ft
Lot Size: 7,405 sq ft
Added: 02/08/19, Last Updated: 02/08/19
Property Type: Single Family
MLS Number: 5880586
Community: SEVILLE PARCEL 17
Tract: SEVILLE PARCEL 17
Status: Active


This picturesque custom 5 bedroom/2.5 bath home situated on a Golf Course lot with Lake Views is ready for you! Come and relax in this resort style backyard that includes low maintenance landscaping, synthetic grass, and your own private gas heated pool and spa. At night huddle around the outdoor custom fireplace with friends and family or under the covered patio enjoying the open golf course acreage the lot provides before retiring for the night. You will enjoy the split master floor plan and separate exit out to your own oasis. Your guests will enjoy their own ''Casita'' with separate entrance and bath along with the many amenities that the community has to offer. Don't miss out on this updated and meticulously maintained home in the prestigious golf course community of Seville

Listed with HomeSmart


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$675,000 :: 1808 E CASCADE Drive, Gilbert AZ, 85234

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4 beds, 2.5 baths
Home size: 2,501 sq ft
Lot Size: 13,503 sq ft
Added: 02/07/19, Last Updated: 02/07/19
Property Type: Single Family
MLS Number: 5880034
Community: CRYSTAL SHORES AMD LOT 1-82 TR A-I
Tract: CRYSTAL SHORES AMD LOT 1-82 TR A-I
Status: Active


WOW! AWESOME HOME! Welcome to this remarkable, waterfront Gilbert home located in the highly desirable Val Vista Lakes community! This gorgeous home offers over $60,000 in upgrades for you and your guests to enjoy. The beautiful, open kitchen includes stainless steel appliances, high end granite countertops, dark beechwood cabinets, a wine cooler and a huge kitchen island with plenty of counter space for meal prep or entertaining. Stay warm by the cozy fireplace in the family room on those chilly Arizona nights and enjoy the 180 degree views of the lake! This open and split floor concept includes cherry hardwood floors throughout the main living spaces and the entire home has been recently painted inside and out.

Listed with Keller Williams Realty East Valley


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$349,900 :: 621 S PARADISE Drive, Gilbert AZ, 85233

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3 beds, 2 baths
Home size: 1,797 sq ft
Lot Size: 4,356 sq ft
Added: 12/08/18, Last Updated: 02/04/19
Property Type: Single Family
MLS Number: 5855616
Community: CORAL POINT REPLAT LOT 76-101
Tract: CORAL POINT REPLAT LOT 76-101
Status: Active


Back on the market! This is living at it best!! Move in ready and totally furnished (optional) beautiful, light, bright, and open waterfront home in the highly desirable, gated community of The Falls in the Islands.Home has a spacious eat in kitchen and a family room that overlooks the lagoon and peaceful sounds of the cascading waterfalls. Large master bedroom has a deck that provides amazing sunriise views and overlooks the water features.Home is just minutes away from the large, sparkling community pool and heated spa which overlook the main lake. The Islands community features a beautiful entry fountain, community center, large parks, boating, fishing and much more...HOA covers street maintenance, homes painted every 7 years, and even includes both front and rear landscaping

Listed with West USA Realty


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$799,000 :: 1717 E Coco Palm Court, Gilbert AZ, 85234

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5 beds, 4 baths
Home size: 4,052 sq ft
Lot Size: 12,196 sq ft
Added: 02/01/19, Last Updated: 02/01/19
Property Type: Single Family
MLS Number: 5876441
Community: VAL VISTA LAKES
Tract: VAL VISTA LAKES
Status: Active


Welcome to your DREAM HOME with a basement! Gorgeous 5 bed / 4 bath, 3 car extended depth garage and side double gate!! This lakeside home in the HIGHLY DESIRABLE Val Vista Lakes, GATED ''Lakeside'' community. New exterior and interior paint, carpet, most of the interior hardware and light fixtures and many other various trim work!!! Home features a wide open floor plan, easy clean-up tile flooring and beautiful finishes throughout. Outstanding chef's kitchen fully equipped with stainless steel appliances, granite countertops and tons of wood cabinet storage. LARGE living room has stunning wood flooring, custom stone fireplace, built-in entertainment center and double doors to backyard access. Backyard has grassy area, nice patio areas and a custom boat dock!!! This is a stunning home!!

Listed with Results Realty


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$749,000 :: 1834 E Coral Tree Drive, Gilbert AZ, 85234

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4 beds, 2.5 baths
Home size: 3,085 sq ft
Lot Size: 13,939 sq ft
Added: 10/10/18, Last Updated: 01/29/19
Property Type: Single Family
MLS Number: 5831466
Community: Val Vista Lakes
Tract: Val Vista Lakes
The price of this listing was last reduced on 1/29/2019 by 1%
Status: Active


Single story home nestled behind the Lakeside gates in Val Vista Lakes. Situated on a 13,500+ sq ft lot with a preferred North / South exposure. Located on the highly desirable main lake for long boat rides! Floor plan is elegant and ideal for entertaining yet comfortable for everyday living. Upon entering the home you are immediately drawn to the lake views providing that WOW factor! Formal living room and dining room have large windows and French doors providing natural abundant light. Kitchen opens up nicely to the family room! Impressive views of the lake can be seen from the entire back of the home. Outdoor living is abundant here! Covered patio over looks the negative edge pool and spa, built in barbecue, grassy areas, large side yards, mature citrus trees and boat dock! Split floor

Listed with DPR Realty LLC


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$1,750,000 :: 378 N SHORE Lane, Gilbert AZ, 85233

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6 beds, 6 baths
Home size: 7,120 sq ft
Lot Size: 20,037 sq ft
Added: 11/01/18, Last Updated: 01/29/19
Property Type: Single Family
MLS Number: 5840948
Community: CRYSTAL POINT ESTATES AMD LOT 1-20 TR A-H
Tract: CRYSTAL POINT ESTATES AMD LOT 1-20 TR A-H
The price of this listing was last reduced on 1/29/2019 by 5%
Status: Active


Exquisite Custom Home on Private water ski lake! Water ski, wake board, tubing or paddle board from you own back yard! 6 BR,4 Full & 2 half Baths. Luxury custom home featuring 164' of Waterfront living. OWNED SOLAR SYSTEM WITH CURRENT ELECTRIC AT ONLY $225/MONTH! Fabulous formal living room w/wall of windows w/lake views greats you upon entry. Exquisite master suite on main level w/sitting room & fireplace. Huge master bath w/his & hers vanities, jetted tub, huge walk in snail shower, & a large custom built closet, every ladies dream! 3 other bedrooms and 2 1/2 baths on main level.Chef's kitchen w/new top of the line stainless steel appliances, double ovens, induction cook top, subzero refrigerator, beverage refrigerator drawers,

Listed with Revelation Real Estate


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$865,000 :: 1414 E CORAL COVE Drive, Gilbert AZ, 85234

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4 beds, 3 baths
Home size: 4,055 sq ft
Lot Size: 15,245 sq ft
Added: 01/26/19, Last Updated: 01/26/19
Property Type: Single Family
MLS Number: 5873941
Community: WEST LAKE ESTATES, Val Vista Lakes
Tract: WEST LAKE ESTATES, Val Vista Lakes
Status: Active


Prestigious Executive Single Level in Val Vista Lakes gated West Lake Estates! Updated Waterfront Custom has 4 bedrooms Plus an Office off Foyer & 4th Bedroom/Guest Suite is Split! Amazing Oversized Kitchen w/Dual Ovens, Dual Dishwashers, Center Island, Pull-out Shelves & Walk-in Pantry - tons of Storage Space throughout! Fabulous Covered Pato for Outdoor Entertaining Overlooking the Lake! Huge Master Retreat w/Sitting Room, See-through Fireplace shared with Master Bath, Jetted Tub, Stone Shower, Marble Countertops & Enormous Closet w/10' Ceilings and Loads of Custom Built-ins! Formal Dining with Marble Flooring & Private Sitting Room/Patio. Private Boat Dock & all Val Vista Lakes Clubhouse Amenities - $10 million clubhouse, heated Jr. Olympic pool, Sandy Beach, Tennis Club & Raquetball!

Listed with Keller Williams Integrity First


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$548,000 :: 432 S BAY SHORE Boulevard, Gilbert AZ, 85233

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4 beds, 2.5 baths
Home size: 2,521 sq ft
Lot Size: 7,405 sq ft
Added: 05/24/18, Last Updated: 01/18/19
Property Type: Single Family
MLS Number: 5770856
Community: HARBOR POINT LOT 1-78 LAKE EASMT
Tract: HARBOR POINT LOT 1-78 LAKE EASMT
The price of this listing was last reduced on 1/18/2019 by 2%
Status: Active


Beautiful remodel on the water in the Islands! New wood floors greet you as you open the door to the living and dining areas. It then flows into the kitchen & greatroom which overlook the sparkling pool, lake & grassy backyard. The kitchen has stainless appliances & plenty of counter space including a perfect area for a coffee bar! Upstairs is the master with a balcony with views of the lake. The master has a large ensuite bathroom and large walk in closet. The secondary bedrooms are also upstairs and are all a generous size. The second full bath is adjacent to the other bedrooms. The home also has a 3 car garage! New carpet, new wood floor, new lighting, new kitchen design, newly resurfaced pool, freshly painted inside and out and much more! This home is move in ready!

Listed with Coldwell Banker Residential Brokerage


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$1,059,000 :: 285 N Ski Court, Gilbert AZ, 85233

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5 beds, 4 baths
Home size: 3,678 sq ft
Lot Size: 20,037 sq ft
Added: 08/29/18, Last Updated: 01/18/19
Property Type: Single Family
MLS Number: 5813254
Community: Crystal Point Estates
Tract: Crystal Point Estates
The price of this listing was last reduced on 1/18/2019 by 4%
Status: Active


Arizona Waterfront Living, with a newly Adjusted Price! Beautiful Custom Home in sought after Crystal Point Estates , Gilbert Az. Live Arizona your way in your waterfront custom home with it's own sandy beach and boating!! If you are looking for stunning Arizona Lakeviews and a Waterfront Lifestyle you can enjoy every single day,this is the Community for you!! Boating on the Lake includes a regulation slalom course, jump ramp and trick skiing, tubing, paddle boating & more.This beautiful property offers 5 BR, 4 BA, 3678 sf builder,almost a half acre lot at 19,985sf and approx. 164 feet of water frontage. Formal Living Room touts stunning views upon entry into this lovely property. -click More-

Listed with Coldwell Banker Residential Brokerage


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


 

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