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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Great hamburgers in Gilbert

$350,000 :: 221 E VAUGHN Avenue, Gilbert AZ, 85234

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3 beds, 2 baths
Home size: 1,571 sq ft
Lot Size: 4,356 sq ft
Added: 10/30/20, Last Updated: 10/30/20
Property Type: Single Family
MLS Number: 6154160
Community: STONEBRIDGE LAKES MANOR LOT 1-123 TR A-F
Tract: STONEBRIDGE LAKES MANOR LOT 1-123 TR A-F
Status: Active


From the beautiful lakefront views, the wood fireplace in the living room, the spacious kitchen with beautiful cabinets and tons of storage- this home is a must see! Home is located on the lakefront with a private dock and large covered patio. The master bedroom en suite features a dual sinks, soaking tub, and walk in closet. There is something for everyone at Stonebridge Lakes, two beautiful community pool, playgrounds, etc- it's just a great place to call home!

Listed with Mark Brower Properties, 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/!


$799,000 :: 2003 E CATAMARAN Drive, Gilbert AZ, 85234

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4 beds, 3.5 baths
Home size: 2,950 sq ft
Lot Size: 12,197 sq ft
Added: 10/23/20, Last Updated: 10/29/20
Property Type: Single Family
MLS Number: 6151440
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 10/29/2020 by 3%
Status: Active


PHC Advisors is please to present for sale this breathtaking lakefront home in one of the most desirable communities in Gilbert. This property boasts over $200,000 in new upgrades including Newly renovated kitchen with granite countertops, walnut butcher block island, and premium industrial grade appliances. Kitchen extras are too many to list. The on-site mother in law casita is a perfect size for kids and guests. Take in the breathtaking views through your 12' sliders exposing a resort style backyard with over 2,000 sqft of travertine stone pavers, 2 covered patios, 40' alumawood pergola, and countless other outdoor extras.Community extras include a 6 million dollar club house containing tennis courts, Jr. Olympic swimming, spa, lagoon pool with sandy beaches, and gym.

Listed with My Home Group 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/!


$850,000 :: 1333 N MISSION COVE Lane, Gilbert AZ, 85234

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4 beds, 3 baths
Home size: 3,398 sq ft
Lot Size: 9,584 sq ft
Added: 10/28/20, Last Updated: 10/28/20
Property Type: Single Family
MLS Number: 6153215
Community: MISSION BAY ESTATES AT VAL VISTA LAKES
Tract: MISSION BAY ESTATES AT VAL VISTA LAKES
Status: Active


This beautifully upgraded waterfront home sits on a fantastic lot with unobstructed views of the water. This oasis will have you questioning if you are truly in the desert! Massive curb appeal with flowers, evergreen artificial turf and stone accents that draw you in. Gorgeous iron & glass doors welcome you home. Inside you'll love the curved iron rail staircase that greets you and formal living room with stone fireplace & formal dining. Walk to the back of the home where the large family room with custom built-ins & fireplace open to the kitchen will be the heart of your home. Entertain effortlessly with large island and multiple access points to the amazing yard! The gourmet kitchen offers upgraded appliances including a Sub Zero fridge, large pantry and plenty of storage. (click more)

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/!


$619,900 :: 1248 N PALMSPRINGS Drive, Gilbert AZ, 85234

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3 beds, 2.5 baths
Home size: 2,083 sq ft
Lot Size: 6,534 sq ft
Added: 10/22/20, Last Updated: 10/27/20
Property Type: Single Family
MLS Number: 6147466
Community: LANDING 2 AT VAL VISTA LAKES LOT 1-66 TR A-C
Tract: LANDING 2 AT VAL VISTA LAKES LOT 1-66 TR A-C
The price of this listing was last reduced on 10/27/2020 by 3%
Status: Active


WATERFRONT LOT! SPECTACULAR REGATTA LAKE VIEW! A former model home w/3BR+loft. Casual elegance in LR/DR with plantation shutters, vaulted ceilings & a gracious stairway. Family room boasts a fireplace. Kitchen has solid surface counters. Relax on the 2nd story balcony w/awesome views of the lake. The garage has professionally installed epoxy floors and cabinets. Backyard features heated play pool and flagstone. Enjoy the amenities which include the multi-million dollar clubhouse, heated pool, sandy beach, tennis, racquetball, weight room., banquet areas, plus 4 lakes and many walking paths w/low HOA. Great Gilbert schools.Thank you!

Listed with LRA Real Estate Group, 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/!


$545,000 :: 1414 W CORAL REEF Drive, Gilbert AZ, 85233

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3 beds, 3 baths
Home size: 2,545 sq ft
Lot Size: 1,743 sq ft
Added: 03/13/20, Last Updated: 10/02/20
Property Type: Condo/Townhouse/Co-Op
MLS Number: 6050219
Community: TOWNHOMES ON CORAL REEF LOT 1-53 TRACT A-G
Tract: TOWNHOMES ON CORAL REEF LOT 1-53 TRACT A-G
The price of this listing was last reduced on 10/2/2020 by 1%
Status: Active


Waterfront lot with custom inside built in 2007. Custom Alder cabinets in entire home with granite counters. Travertine flooring thru entire home except carpet in 3 bedrooms. Downstairs den with double doors can be changed to a bedroom if needed. Open floorpan with kitchen, dining, and family room all open to view of the lake. Sliding door to cement patio area. Master bedroom has a balcony also. Electric fireplace in family room. Surround sound inside and out. Huge master with his and her sinks , jetted tub. Master has sitting area with wet bar. Both other bedrooms have their own sink area and share toilet/shower. Dual HVAC system . Extra insulation for every efficient home. Washer and dryer are tenants. Fridge stays with offer. Home warranty in place with 2-10. Owner/Agent.

Listed with Sun Canyon 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/!


$475,000 :: 424 S BAY SHORE Boulevard, Gilbert AZ, 85233

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4 beds, 2.5 baths
Home size: 2,174 sq ft
Lot Size: 10,890 sq ft
Added: 10/02/20, Last Updated: 10/02/20
Property Type: Single Family
MLS Number: 6130786
Community: HARBOR POINT
Tract: HARBOR POINT
Status: Active


WATERFRONT LOT! Move-in ready 4 bedroom, 2 1/2 bath home located in the close knit family-oriented community of The Islands is a MUST SEE! Home is open and bright with lots of windows and soaring ceilings. Downstairs master bedroom with a two-way fireplace has a private exit to the backyard for you to enjoy the pool and beautiful lake views. Oversized kitchen features large kitchen island, stainless steel appliances, pantry and opens up to a breakfast room and family room with a 2-way fireplace. Separate formal living and dining room allows plenty of space to spread-out. The Islands community has over 80 acres of lakes and 30 acres of grass for hours of enjoyment, including basketball courts, sand volleyball, bocce ball court, playgrounds and lots of shaded ramada's with picnic tables

Listed with Keller Williams Arizona 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/!


$759,000 :: 2135 E CLIPPER Lane, Gilbert AZ, 85234

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4 beds, 2.5 baths
Home size: 3,514 sq ft
Lot Size: 10,019 sq ft
Added: 08/10/20, Last Updated: 09/11/20
Property Type: Single Family
MLS Number: 6115579
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 9/11/2020 by 2%
Status: Active


Incredible fully custom home located in the desirable Regatta gated community of Val Vista Lakes. Italian Mediterranean style w/ beautiful imported white carrara marble flooring, coffered ceilings & elegant interior columns. Built at cost of nearly $1,000,000. Gorgeous water views from all interior rooms and large outdoor balcony. Beautiful hand-painted canvas murals available for purchase. Luxurious master suite on ground floor. Kitchen features upgraded cabinets and granite counter tops. Separate living and family rooms. Domed ceiling with mood lighting. Two-way fireplace. Fruit trees including delicious oranges, lemons & figs. Amazing clubhouse w/ fitness, tennis, racquetball, pools with sandy beach, and lots more. Check out the Visual Tour for incredible views of home and water

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/!


$999,900 :: 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: 02/01/20, Last Updated: 05/28/20
Property Type: Single Family
MLS Number: 6031674
Community: PLAYA DEL REY AMENDED
Tract: PLAYA DEL REY AMENDED
Status: Active


Live in 5,000 sq. ft. of the main home and put guests or a tenant in the 1,200 sq. ft. next gen suite which has a separate entrance. Wakesurf and wakeboard on your private lake from the dock in your own backyard. Owner will include the boat in the sale as a turn-key lakefront luxury experience.

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/!


 

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