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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$364,900 :: 1342 W CORAL REEF Drive, Gilbert AZ, 85233

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3 beds, 2.5 baths
Home size: 2,289 sq ft
Lot Size: 1,743 sq ft
Added: 04/19/19, Last Updated: 07/19/19
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5914005
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 7/19/2019 by 1%
Status: Active


Fantastic waterfront home with incredible views! This elegant 3 bed, 2.5 bath cul-de-sac home is located in the fabulous Islands Community. Relax and enjoy fishing from your backyard! Your gourmet kitchen boasts a functional island, breakfast bar, and lovely maple cabinets. Your living room has great water views and natural lighting. Upstairs, your master suite has a private balcony and a full master bath. Fabulous wood flooring and neutral carpeting in all the right places enhance the living spaces. Schedule your showing today!

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/!


$299,000 :: 620 S CATALINA Street, Gilbert AZ, 85233

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2 beds, 2 baths
Home size: 1,479 sq ft
Lot Size: 4,792 sq ft
Added: 07/18/19, Last Updated: 07/18/19
Property Type: Single Family
MLS Number: 5953946
Community: LAGO ESTANCIA
Tract: LAGO ESTANCIA
Status: Active


LOCATION, LOCATION! 1 quick mile to super POPULAR DOWNTOWN GILBERT and in highly sought after LAKE COMMUNITY of Lago Estancia! LIGHT, BRIGHT, CLEAN & OPEN!! This beautiful WATERFRONT property has spacious 2 bedroom + DEN. Large Den has built in cabinets, french doors and was previously used as 3rd bedroom. Bright & open kitchen overlooks patio and beautiful lake views. Oversized great room has picture window with waterfront views as well! Large master suite has separate tub & shower & large walk in closet! Easy access to freeways, shopping & all of the amazing restaurants & night life that Downtown Gilbert has to offer! Welcome Home!

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/!


$797,000 :: 1455 W HEATHER Avenue, Gilbert AZ, 85233

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7 beds, 4 baths
Home size: 4,561 sq ft
Lot Size: 10,019 sq ft
Added: 07/05/19, Last Updated: 07/18/19
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 7/18/2019 by 0%
Status: Active


Enjoy Lake Life Year Round! Waterski, Wakeboard, Jet Ski and Kayak from Your Own Backyard in this Private Recreational Lake Community. Updated interior boasts spacious, light-filled rooms, espresso wood plank flooring and beautiful lake views. Home includes new appliances, A/C, paint and more while leaving room for a new owner's personal touches. Massive master suite includes 450 square foot deck overlooking the lake. Multiple bedrooms and living spaces offer flexible options for guests and multi-generational living with 3 bedrooms and 2 full baths downstairs. Plenty of room to expand by adding large waterfront deck and pool in the backyard and includes covered boat house (hydraulic lift available) for convenient lake access.

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/!


$525,000 :: 1141 W PENINSULA Drive, Gilbert AZ, 85233

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3 beds, 2 baths
Home size: 2,613 sq ft
Lot Size: 10,019 sq ft
Added: 07/18/19, Last Updated: 07/18/19
Property Type: Single Family
MLS Number: 5953691
Community: WINDHAVEN LOT 1-65 TR A-C
Tract: WINDHAVEN LOT 1-65 TR A-C
Status: Active


SPECTACULAR LAKEFRONT LOCATION! Single level waterfront home in the coveted subdivision of The Islands! 3 Bedroom + Den, 3 car garage, pristine pool! Gorgeous views of the Lake in both directions. NEW Roof and AC! Newly refinished pool! Original owner. Circa 1988 interior, well cared for...just ready for any updating that is of your choice (priced accordingly, approx. -$50K below comparable others on the lake that have been updated) ).Let our photo gallery take you on a tour!Come check it out! When you buy a home in The Islands , you buy a Stay-cation Lifestyle! Come join us!

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/!


$645,000 :: 2020 E CATAMARAN Drive, Gilbert AZ, 85234

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5 beds, 3 baths
Home size: 3,221 sq ft
Lot Size: 10,455 sq ft
Added: 06/27/19, Last Updated: 07/18/19
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 7/18/2019 by 1%
Status: Active


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/office or guest suite

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/!


$859,000 :: 1750 E COCO PALM Court, Gilbert AZ, 85234

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4 beds, 3 baths
Home size: 3,421 sq ft
Lot Size: 12,197 sq ft
Added: 07/17/19, Last Updated: 07/17/19
Property Type: Single Family
MLS Number: 5953415
Community: LAKESIDE AT VAL VISTA LAKES
Tract: LAKESIDE AT VAL VISTA LAKES
Status: Active


Single Level Custom 4 bed, 3 bath, waterfront home with spectacular panoramic lake views in gated community. Huge kitchen-abundant cabinetry plus pantry with wonderful view of heated negative-edge pool, spa, and lake. Open Great Room has 18'ceiling, sunken wet bar & fridge. Beautiful, professionally designed, stained-glass front entry door & Travertine tile entryway. Unique 3 Dolphin water feature at pool. Monitor kids pool activity with a security camera system. New redwood deck on the boat dock. New AC evaporators using 410A coolant. New water heater and water softener. Instant hot water loop and pumps. New exterior paint, carpet and marble tile in master bath and Jack & Jill bath. Oversized extended garage with built in cabinets. Approx 725 sf patio under roof.

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/!


$418,900 :: 413 S LAKE MIRAGE Drive, Gilbert AZ, 85233

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3 beds, 2.5 baths
Home size: 1,946 sq ft
Lot Size: 4,792 sq ft
Added: 05/24/19, Last Updated: 07/17/19
Property Type: Single Family
MLS Number: 5930656
Community: LAKE MIRAGE LOT 1-38 TR A-I
Tract: LAKE MIRAGE LOT 1-38 TR A-I
The price of this listing was last reduced on 7/17/2019 by 0%
Status: Active


Must see this GORGEOUS, WATERFRONT home in the highly coveted Islands Community. This home was just recently updated including the flooring, Kitchen, Baths and More. Great eat-in kitchen with gorgeous views of the lake. Cozy up to the fireplace in the living room. Entertain your family and friends in this beautiful backyard. Fish or launch your boat from your own private dock. The Islands is a unique neighborhood that has a great sense of community. Enjoy the clubhouse and the many HOA / community sponsored events that take place through out the year. Come see this beautiful LAKEFRONT home and make it yours today! Lots of great memories to be made here!!

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/!


$599,000 :: 4722 S GRISWOLD Street, Gilbert AZ, 85297

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6 beds, 4.5 baths
Home size: 3,753 sq ft
Lot Size: 10,890 sq ft
Added: 07/16/19, Last Updated: 07/17/19
Property Type: Single Family
MLS Number: 5953142
Community: LAYTON LAKES PARCEL 1 2ND AMD
Tract: LAYTON LAKES PARCEL 1 2ND AMD
Status: Active


**WATERFRONT LOT WITH ONE OF THE BEST VIEWS IN ALL OF LAYTON LAKES!**MAIN LEVEL OF HOME HAS GUEST ROOM W/FULL BATH, FORMAL LIVING ROOM, FORMAL DINING, POWDER ROOM,GOURMET KITCHEN, PLUS A SEPARATE ASIAN KITCHEN; SPACIOUS FAMILY ROOM AND BREAKFAST ROOM WITH STUNNING WATER VIEWS**UPSTAIRS IS HUGE MASTER WITH HIS AND HERS WALK-IN CLOSETS, TWO SECONDARY BRS W/ JACK N JILL BATH AND TEEN SUITE W/PRIVATE BATH **OUTSIDE IS AN ENTERTAINER'S DREAM**TOP OF LINE SUN SHADES THROUGH OUT OF HOUSE TO PROVIDE XIMUM PRIVACY AND ENERGY EFFICIENCY** SO MUCH MORE, COME SEE IT TODAY!!!

Listed with Gold Trust 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/!


$409,900 :: 1538 W LAUREL Avenue, Gilbert AZ, 85233

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4 beds, 3 baths
Home size: 2,809 sq ft
Lot Size: 8,712 sq ft
Added: 07/15/19, Last Updated: 07/15/19
Property Type: Single Family
MLS Number: 5952709
Community: PLAYA DEL REY
Tract: PLAYA DEL REY
Status: Active


This impeccably maintained house by the original owners. More than pride of ownership is shown in this home. If you like to be on the lake but don't want to drive there. This place is for you. Bring your jet ski or boat and enjoy a day in the lake in this neighborhood. 4 Bedroom 3 Bath split floor plan. The master bedroom boost separate tub and shower. His and her closets. Additionally done to the home 8 ceiling fans, of which 6 are Casa Blanca. 2016 rain gutters added to the exterior of the home. Renovated master bath shower in 2017, new Stove Top, Oven and Dishwasher in May 2019, Ro system to sink and Refrigerator, Solid wood shutters on every window, Flagstone in exterior walkway and on top of the propane Bbq island, Drivers side garage door opener in 2016, upgarded Chandeliers.

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/!


$410,000 :: 1421 W CLEAR SPRING Drive, Gilbert AZ, 85233

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3 beds, 2.5 baths
Home size: 2,156 sq ft
Lot Size: 6,099 sq ft
Added: 07/15/19, Last Updated: 07/15/19
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5952517
Community: CORAL POINT REPLAT LOT 76-101
Tract: CORAL POINT REPLAT LOT 76-101
Status: Active


This spectacular 3 bedroom + DEN, 2.5 bath WATERFRONT HOME is located in one of the most sought-after gated communities in Gilbert. IMAGINE a lifestyle filled with sunsets, boating, and magnificent views... all from the privacy of your own backyard? Step inside this incredible home that features a DRAMATIC ENTRY... with a living room with souring vaults, a modern staircase, and a formal dining room all overlooking the lake. A cozy family room with a fireplace, an expansive kitchen with a modern breakfast bar and a nook look out to the backyard that truly sets this home apart from all other homes!!! The expansive covered patio and seating area has views and charm that you'll truly never want to leave!!!

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/!


 

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