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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$674,900 :: 1236 W EDGEWATER Drive, Gilbert AZ, 85233

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5 beds, 3.5 baths
Home size: 4,242 sq ft
Lot Size: 9,148 sq ft
Added: 02/22/19, Last Updated: 09/21/19
Property Type: Single Family
MLS Number: 5887260
Community: CATALINA BAY AT THE ISLANDS UNIT 4
Tract: CATALINA BAY AT THE ISLANDS UNIT 4
The price of this listing was last reduced on 8/8/2019 by 2%
Status: Active


New Paint through the entire house! Seller is also providing a One Year Ultimate Warranty on the home and pool. Pre-purchased and will be transferred to the new owner! This home sits at the center of all five ''fingers'' that make up Lake 2! It's on the most coveted/primary lot on the water. This Beautiful, Resort-Style Living Home has views from every window. 4200 sq ft, 5 bedrooms and a built-out office/man cave with a separate entrance. The 3 car garage has fresh epoxy floors. The master closet is built-out with sophisticated shelving. Most ceilings boast crown molding. You name it - this house offers it!

Listed with Realty ONE Group


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


$640,000 :: 2020 E CATAMARAN Drive, Gilbert AZ, 85234

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5 beds, 3 baths
Home size: 3,018 sq ft
Lot Size: 10,455 sq ft
Added: 06/27/19, Last Updated: 09/20/19
Property Type: Single Family
MLS Number: 5945535
Community: REGATTA AT VAL VISTA LAKES AMD LOT 1-108
Tract: REGATTA AT VAL VISTA LAKES AMD LOT 1-108
The price of this listing was last reduced on 9/1/2019 by 1%
Status: Active


Back on Market!! Beautifully updated Val Vista Lakes waterfront home in the gated Regatta community. This 5 bedroom, 3 full bath home on a cul-de sac street offers a gorgeous interior, updated throughout in 2017. Vaulted ceilings, wood look tile & spacious layout greets you as you walk in the front door. Living rm. features a fireplace & lots of natural light. Dining room w/ French doors to enjoy the additional private patio. Kitchen is open to the family rm, white cabinetry, granite counters, b-fast bar, lg walk-in pantry, stainless appliances & lake views! Mstr bedroom conveniently located downstairs w/ separate entrance to patio. Mstr bath has all the right finishes w/ a freestanding tub, walk-in shower & dual sink vanity. Second bedroom downstairs w/ full bath, could be used as den/

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/!


$360,000 :: 540 W CANDLEWOOD Lane, Gilbert AZ, 85233

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4 beds, 2 baths
Home size: 1,832 sq ft
Lot Size: 7,406 sq ft
Added: 09/20/19, Last Updated: 09/20/19
Property Type: Single Family
MLS Number: 5980964
Community: PARCEL 4 OF LAGO ESTANCIA LOT 1-30 TR A-C
Tract: PARCEL 4 OF LAGO ESTANCIA LOT 1-30 TR A-C
Status: Active


Timing is everything especially when it comes to this beautiful and remodeled lakefront home in the heart of Gilbert! This 4 bed & 2 bath home with just under 1,900 sqft. will not disappoint. Open kitchen features refinished cabinets, granite countertops, and stainless steel appliances. Master bath has been completely remodeled with an upgraded shower including a sleek & modern glass enclosure, soaking tub, & custom tile work. Relax in your backyard and take a soak in your oversized hot tub/spa while overlooking the breathtaking views of the lake behind you. Want to adventure out? Take walk or a short bike ride to all the amenities and restaurants that downtown Gilbert has to offer. Home has new AC, water heater, & newer roof. Energy efficient home w/solar panels & mirrored tinted windows.

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/!


$654,900 :: 2036 E Clipper Lane, Gilbert AZ, 85234

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4 beds, 2 baths
Home size: 2,493 sq ft
Lot Size: 10,019 sq ft
Added: 09/19/19, Last Updated: 09/20/19
Property Type: Single Family
MLS Number: 5980928
Community: Val Vista Lakes
Tract: Val Vista Lakes
Status: Active


Well this is a super nice home in a highly desirable East Valley lake community and its waiting for you, to call it HOME! Here we go, 4 bedrooms, 2 bathrooms with just under 2,500 square feet. Nice vaulted ceilings in the Living and Family Room. Large great room concept flows nicely into Family room with a massive Kitchen Island, perfect to use a breakfast bar-plus you have a spot for your Eat in Kitchen and still have a formal dining spot. Upgraded flooring in the entire house from tile to carpet. The Upgrades over the past few years include a New Roof (2015) New AC/Furnace in 2014, all 3 bedrooms had new carpet installed in 2014 as well. Master has tile flooring, bay window and gorgeous lake views. The community, in case you've never seen it, features a Million Dollar Clubhouse which

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/!


$755,000 :: 1455 W HEATHER Avenue, Gilbert AZ, 85233

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5 beds, 4 baths
Home size: 4,561 sq ft
Lot Size: 10,019 sq ft
Added: 07/05/19, Last Updated: 09/17/19
Property Type: Single Family
MLS Number: 5944062
Community: PLAYA DEL REY ESTATES
Tract: PLAYA DEL REY ESTATES
The price of this listing was last reduced on 9/17/2019 by 2%
Status: Active


Location is Everything! Direct Lake Access with Rare Private Covered Boat Slip and Lift. Wakeboard, Jet Ski and Kayak from Your Own Backyard in this Private Recreational Lake Community. Interior boasts spacious, light-filled rooms, wood plank flooring and beautiful South facing lake views. Home has been updated to include newer appliances, A/C, interior and exterior paint, Lutron Caseta smart home lighting system and more. Massive master suite opens to 450 square foot deck overlooking the lake. Split floor plan with multiple living spaces offer convenient options for guests and multi-generational living-3 bedrooms and 2 full baths downstairs plus large home office. Add the ultimate media and game room if desired! Expand the outdoor living space w/lakeside dock if desired.

Listed with Platinum Living 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/!


$849,900 :: 532 N ACACIA Drive, Gilbert AZ, 85233

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5 beds, 4 baths
Home size: 4,063 sq ft
Lot Size: 11,326 sq ft
Added: 09/16/19, Last Updated: 09/16/19
Property Type: Single Family
MLS Number: 5979288
Community: PLAYA DEL REY AMENDED
Tract: PLAYA DEL REY AMENDED
Status: Active


Incredible remodeled Waterfront Home w/covered patio, refreshing pool, spa, synthetic grass, private balcony/deck, and amazing views of the lake. Enjoy water skiing, jet skiing, and swimming! Dramatic soaring ceilings, sweeping stairway to second level, travertine floor, soothing interior palette, upgraded recessed lighting/ceiling fans, and Architectural details throughout. Decorative columns, arched windows, wet bar with tile, French Doors to patio, hardwood floor, and stacked stone fireplace. Gorgeous gourmet kitchen features x-large center island, granite counters, travertine backsplash, SS appliances, and plethora of upgraded wood cabinetry. Fantastic loft area with endless possibilities. New paver driveway, iron gates, and cement RV parking.

Listed with Realty ONE Group


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


$379,900 :: 449 S MARINA Drive, Gilbert AZ, 85233

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3 beds, 2.5 baths
Home size: 2,210 sq ft
Lot Size: 5,228 sq ft
Added: 06/07/19, Last Updated: 09/12/19
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5932313
Community: CORAL POINT TRACT A-K
Tract: CORAL POINT TRACT A-K
Status: Active


Back on Market! Charming 3 Bedroom 2.5 Bath Waterfront Home with dock In popular Islands Community. Updated Kitchen cabinets with Quartz countertops and stainless steel sink, just installed,. Interior freshly painted with white trim. A complete new roof professionally installed 2 years ago. This 2 story home has open floor plan with downstairs large den or formal dining room Home has 2 gas fireplaces in master bedroom and living room. The Falls at the Islands is a gated community and offers: Pool, Spa, and walking paths waterfalls, Fun on the lake with dock and great lake atmosphere. Please use Driggs Title Agency as this is Set-up for 1031 exchange. Buyer must cooperate in the exchange. Easy with no extra work for the buyer's agent. Agents, please see Semi-Private Remarks below.

Listed with Realty Executives


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


$630,000 :: 2119 E Clipper Lane, Gilbert AZ, 85234

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5 beds, 3 baths
Home size: 2,810 sq ft
Lot Size: 10,019 sq ft
Added: 06/27/19, Last Updated: 09/12/19
Property Type: Single Family
MLS Number: 5945164
Community: REGATTA AT VAL VISTA LAKES
Tract: REGATTA AT VAL VISTA LAKES
The price of this listing was last reduced on 9/12/2019 by 1%
Status: Active


Waterfront living*Single level* Many upgrades/recent improvements including: New roof underlayment plus sky lights; Bamboo wood flooring; newer carpet; updated cabinets; no salt H2o softener; stainless appliances; slab granite counter tops; plantation shutters; high efficiency A/C; remodeled MBR shower. Two fireplaces, one outside on patio next to in ground hot tub/spa. Boat dock! 3rd garage bay was converted to living space with extra insulation plus heated/cooled & Included in square footage. It can be converted back. Prestigious Val Vista Lakes resort living w/$10 Million Clubhouse, four lakes, junior Olympic heated pool, Jacuzzi, sandy beach entry lagoon, lighted tennis courts, racquetball, waterfalls, community activities, fishing, boating & workout facility w/cardio & weight rooms!

Listed with Choice One Properties


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


$999,500 :: 1422 W COMMERCE Avenue, Gilbert AZ, 85233

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5 beds, 5 baths
Home size: 6,298 sq ft
Lot Size: 10,019 sq ft
Added: 04/12/19, Last Updated: 08/29/19
Property Type: Single Family
MLS Number: 5910662
Community: PLAYA DEL REY AMENDED
Tract: PLAYA DEL REY AMENDED
The price of this listing was last reduced on 7/1/2019 by 5%
Status: Active


Do you love skiing & lake life? Would you like to be able to ski, wakeboard, jet-ski or paddle board every day of the year? If so, we have the PERFECT LAKEFRONT PROPERTY for you! This 5 bed (plus loft) / 5 bath two-story home w/ NEXT GEN SUITE is in the private lake community of Play del Ray on a crystal blue lake w/ a 1/2 mile loop which allows all types of motorized boats & jet skis, as well as swimming. The backyard/dock has brand new, heat resistant deck (no burning feet!), boat dock w/ motorized lift, crank shade structure, fully organized ''gear wall'' w/ racks, 2 outside heated showers, water fountain, sandbox (with auto water filler) & natural gas line for your BBQ. The side storage area is HUGE & can fit multiple vehicles, off-road ''toys'' and/or a RV.

Listed with Rachael Richards 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/!


$925,000 :: 1709 E COCO PALM Court, Gilbert AZ, 85234

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5 beds, 4 baths
Home size: 4,945 sq ft
Lot Size: 13,068 sq ft
Added: 07/13/19, Last Updated: 07/29/19
Property Type: Single Family
MLS Number: 5951956
Community: LAKESIDE AT VAL VISTA LAKES
Tract: LAKESIDE AT VAL VISTA LAKES
Status: Active


Beautiful CUSTOM BUILD class R5 lakefront property in the sought after gated Lakeside @ Val Vista Lakes. This superb durable and well insulated property was structured in 2'' x 8'' studs with many luxury add-ons. One of the best lake views in the Val Vista Lakes. East facing backyard ensures amazing sunrises and cool afternoons with heated edgeless pool and spa in the spacious backyard oasis. Expansive master bedroom and balcony overlooks backyard and amazing lake views. The interior features: a formal living room and dining, spacious gourmet kitchen, and family room that opens to the beautiful backyard and sparkling blue water of the lake. Step-up ceilings, NEW Kitchen-Aid 48'' Double Door fridge, NEW Kitchen Countertops, like-New carpet, central vacuum, NEW Pool & Spa heater and more ..

Listed with Arizona United 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/!


 

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