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

$535,000 :: 599 N ACACIA Drive, Gilbert AZ, 85233

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4 beds, 3 baths
Home size: 2,913 sq ft
Lot Size: 8,712 sq ft
Added: 05/11/18, Last Updated: 10/19/18
Property Type: Single Family
MLS Number: 5764708
Community: PLAYA DEL REY
Tract: PLAYA DEL REY
The price of this listing was last reduced on 10/19/2018 by 3%
Status: Active


Spectacular lake front designer home 4 bed, den could 5th bedrm, 3 bath property! Exquisite curb appeal, 3 car garage w/built in cabinets, RV gate, custom entry invites you to step inside. Interior boasts huge vaulted ceilings, 2-way fireplace, formal living & dining rooms, den perfect for an office, murphy beds and plantation shutters. Stainless steel appliances, staggered cabinets, pantry, solid surface countertops, and island with breakfast bar make the kitchen a cook's dream. Spacious master suite has bay window, ample walk-trough closets, luxurious bath, jetted tub, step-in shower, and his/her sinks. The stunning backyard is the perfect oasis with covered patio, sparkling blue pool, paddle boat lake with paddle boat and more. Enjoy all the amenities this ski lake amazing community

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/!


$725,000 :: 2020 E FREEPORT Lane, Gilbert AZ, 85234

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5 beds, 3 baths
Home size: 3,062 sq ft
Lot Size: 10,454 sq ft
Added: 06/25/18, Last Updated: 10/18/18
Property Type: Single Family
MLS Number: 5785216
Community: Regatta at Val Vista Lakes
Tract: Regatta at Val Vista Lakes
The price of this listing was last reduced on 10/18/2018 by 3%
Status: Active


Paver walk way leads to this beautiful waterfront home, completely remodeled and ready ** Enter to spacious living room and dining room ** Fireplace in family room with surround sound ** Gourmet kitchen with all new stainless steel appliances, granite counter tops, loads of storage and refrigerator will stay ** Master suite is kingsize with jacuzzi tub and separate shower, double sinks, gas fireplace and balcony with marble floors overlooking yard ** Large yard with pebble sheen swimming pool, separate jacuzzi, pomegranate, orange and lemon trees, loads of grassy play area, and boat dock ** There is so much to mention here and a few extras include shutters throughout, marble floors throughout, stone covered fireplaces and pillars outside, motorized chandelier can be lowered for cleaning,

Listed with Penfield 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/!


$399,500 :: 1221 N KINGSTON Street, Gilbert AZ, 85233

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4 beds, 3 baths
Home size: 2,732 sq ft
Lot Size: 7,840 sq ft
Added: 07/05/18, Last Updated: 10/17/18
Property Type: Single Family
MLS Number: 5789175
Community: EL DORADO LAKES GOLF COMMUNITY
Tract: EL DORADO LAKES GOLF COMMUNITY
The price of this listing was last reduced on 10/3/2018 by 1%
Status: Active


El Dorado Lakes on Golf Course w/Lake View! 4+Den w/3 full baths boasts numerous upgrades. Gourmet kitchen upgraded w/large island, beautiful granite & stainless appliances. Formal living&dining rm provide space for special events.Experience a more casual evening in the family rm w/a cozy wood-burning fireplace. Wind down & escape upstairs to a cozy sitting rm off the master w/vaulted ceilings or pamper yourself in the upgraded master bath w/new tiled shower & Moen faucets. Outdoor living at its best- huge flagstone patio & balcony off master that overlooks a sparkling PebbleTec play pool, beautiful rock waterfall, #12 tee-box, a water feature & views of the Superstitions Mtns for year-round entertainment, fun & relaxation. Price incorporates a discount for carpet & future upgrades. ONLY

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/!


$719,900 :: 1817 E Willow Tree Court, Gilbert AZ, 85234

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4 beds, 2.5 baths
Home size: 2,970 sq ft
Lot Size: 12,196 sq ft
Added: 09/21/18, Last Updated: 10/16/18
Property Type: Single Family
MLS Number: 5823607
Community: LAKESIDE AT VAL VISTA LAKES
Tract: LAKESIDE AT VAL VISTA LAKES
The price of this listing was last reduced on 10/16/2018 by 1%
Status: Active


Million Dollar Views for a fraction of the price! Amazing Lakefront property on the market for first time in 8 years. Newly renovated 3000 sqft. 4 bedroom w/Office & Formal Dining Room. Split floor plan, 3-car garage w/Spa inspired Block Glass Walk-in Shower in Master Suite shows like a model. Marble Tile, Wood Floors & Plantation Shutters on every window! Open concept Great Room/Kitchen overlooks extraordinary lake views. Stainless Steel Appliances. Resort style negative edge swimming pool on 12,000 sqft premium cul-de-sac lake lot. Clubhouse features 8-court championship tennis complex, indoor racquetball courts, cardio & weight training facilities, Jr Olympic swimming pool, spa, banquet/meeting rooms, waterfalls, tropical lagoon swimming pool w/sandy beach. WOW!! This home won't last!!

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/!


$775,000 :: 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: 10/10/18
Property Type: Single Family
MLS Number: 5831466
Community: Val Vista Lakes
Tract: Val Vista Lakes
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/!


$1,099,000 :: 285 N Ski Court, Gilbert AZ, 85233

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5 beds, 4 baths
Home size: 3,478 sq ft
Lot Size: 20,037 sq ft
Added: 08/29/18, Last Updated: 10/05/18
Property Type: Single Family
MLS Number: 5813254
Community: Crystal Point Estates
Tract: Crystal Point Estates
The price of this listing was last reduced on 10/5/2018 by 4%
Status: Active


Beautiful Custom Home in sought after Crystal Point Estates Gated Community, Gilbert Az. Arizona Living Your Way!! 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, 3478sf,almost a half acre lot at 19,985sqft and approx. 164 feet of waterfront. Formal Living Room touts stunning views upon entry into this lovely property. Great Room is Open to spacious kitchen with granite counter tops, custom maple cabinets, breakfast bar, eat in kitchen area with bay window for enjoying brunch with a view.Great room touts lots of space, Cantera fireplace,

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/!


$679,000 :: 1825 E CYPRESS TREE Drive, Gilbert AZ, 85234

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4 beds, 2 baths
Home size: 2,493 sq ft
Lot Size: 13,939 sq ft
Added: 08/12/18, Last Updated: 09/28/18
Property Type: Single Family
MLS Number: 5806089
Community: LAKESIDE AT VAL VISTA LAKES
Tract: LAKESIDE AT VAL VISTA LAKES
The price of this listing was last reduced on 9/28/2018 by 3%
Status: Active


A rare find, this one-story home is on the big lake at Val Vista Lakes Community with a boat to ride to the Clubhouse which features a sandy beach pool and a heated Jr. Olympia swimming pool with lap lanes. Tennis, racquet ball, pickle ball, weight & cardio rooms for a great workout. Private locker rooms with showers. The home is on a quiet cul-de-sac and walking distance to clubhouse, elementary school & playground. 4 spacious bedrooms, walk-in closets. Baths have double sinks, master has separate shower and soak tub. 2nd bath as full-size tub and shower with privacy door. A rare opportunity, a one story on open water, the VACANT lot across the lake from this home recently sold for $450,000, a new home is under construction. Double boat dock with seating area.

Listed with USELLSMART 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/!


$700,000 :: 1910 E CORAL TREE Drive, Gilbert AZ, 85234

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4 beds, 2.5 baths
Home size: 2,686 sq ft
Lot Size: 13,939 sq ft
Added: 07/13/18, Last Updated: 09/21/18
Property Type: Single Family
MLS Number: 5793500
Community: LAKESIDE AT VAL VISTA LAKES
Tract: LAKESIDE AT VAL VISTA LAKES
The price of this listing was last reduced on 9/21/2018 by 3%
Status: Active


Must see this beautiful single level custom waterfront home on a very large lot ** This home is on the ''big'' lake in the much sought after gated Lakeside community ** Enter to spacious living room and dining room ** Island kitchen features granite counters, built in gas stove, built in oven and microwave, plus walk in pantry ** Cabinets all the way around the island plus separate breakfast area ** Lake views from almost every room ** Jacuzzi tub and walk in closet in master suite ** Huge yard with swimming pool and jacuzzi, loads of grass area plus huge side yards ** Fabulous view down the lake ** This home was built with sheer walls all the way around the house and there are no load bearing walls inside ** Plank travertine floors ** See supplement below for Val Vista Lakes amenities

Listed with Penfield 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/!


$600,000 :: 1442 W EMERALD KEY Court, Gilbert AZ, 85233

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4 beds, 2.75 baths
Home size: 3,470 sq ft
Lot Size: 8,712 sq ft
Added: 09/20/18, Last Updated: 09/20/18
Property Type: Single Family
MLS Number: 5822966
Community: THE ISLANDS
Tract: THE ISLANDS
Status: Active


Stunning waterfront home in the beautiful Islands community of Gilbert. Located in a cul-de-sac, this large family home sits ideally on the waters edge with stunning views. Enjoy all of lakes in the Islands community for fishing, boating, rowing, etc. This home is ready for your custom final touches- create your masterpiece with this spacious floorplan. 4 bedrooms, 3 baths and 3 car garage, and gorgeous resort backyard and pool. This home is just steps away from the A+ school of excellence-Islands Elementary, and minutes to award winning downtown Gilbert restaurants. Come see this home for yourself in person and you will be impressed, these rare beauties on the water don't come along often.

Listed with RE/MAX Alliance 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/!


$724,900 :: 2111 E CLIPPER Lane, Gilbert AZ, 85234

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5 beds, 3 baths
Home size: 3,025 sq ft
Lot Size: 10,018 sq ft
Added: 09/17/18, Last Updated: 09/17/18
Property Type: Single Family
MLS Number: 5821409
Community: Regatta at Val Vista Lakes
Tract: Regatta at Val Vista Lakes
Status: Active


Exquisite, Lake Front home in The gated community of The Regatta in Val Vista Lakes, The grand staircase greets you as you enter the large cast front door, The Kitchen boasts Granite, stainless, breakfast nook, breakfast bar & an oversized walk-in pantry, the kitchen overlooks a large great room, perfect for entertaining & family, The beautiful backyard speaks for itself, it's a masterpiece with a gazebo, firepit, grassy area, sparkling pool with water feature & of course an incredible view of the lake with your own dock, the Luxurious Master Suite is a sanctuary with tile shower & surrounds & marble vanities, the private upstairs balcony has a stunning view of the lake, it's perfect for that morning cup of coffee or just relaxing & reading,

Listed with United Brokers 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/!


 

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