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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$750,000 :: 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: 08/14/18
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 8/14/2018 by 6%
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/!


$415,000 :: 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: 08/12/18
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 8/12/2018 by 2%
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/!


$385,000 :: 1418 W CORAL REEF Drive, Gilbert AZ, 85233

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3 beds, 3 baths
Home size: 2,459 sq ft
Lot Size: 2,178 sq ft
Added: 08/09/18, Last Updated: 08/09/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5804789
Community: TOWNHOMES ON CORAL REEF LOT 1-
Tract: TOWNHOMES ON CORAL REEF LOT 1-
Status: Active


Resort style living at ''The Islands'' in Gilbert. This 2 story family Townhome has beautiful Lake Views. Home boasts 3 bedrooms, 3 baths plus a Den/Bonus room downstairs as well as a 2 car garage. Home features new flooring, carpet and wood look porcelain tile. Kitchen features Granite and Stainless Steel appliances. Upstairs features a spacious Master with balcony overlooking the lake. Also upstairs are 2 additional bedrooms, very spacious bathroom and living area. *Don't forget to look under the stairs for the hidden storage area*

Listed with RE/MAX Fine 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/!


$409,900 :: 1765 W ASPEN Avenue, Gilbert AZ, 85233

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4 beds, 3 baths
Home size: 2,732 sq ft
Lot Size: 13,503 sq ft
Added: 06/07/18, Last Updated: 08/08/18
Property Type: Single Family
MLS Number: 5777263
Community: EL DORADO LAKES GOLF COMMUNITY
Tract: EL DORADO LAKES GOLF COMMUNITY
The price of this listing was last reduced on 8/8/2018 by 5%
Status: Active


A SUMMER GIFT FOR YOUR BUYER! HUGE $40,000 in price drops on this great WATERFRONT home in El Dorado Lakes Golf community. Big yard with lots of space for anything. Double side gate for ez access. Big covered patio overlooking the lake and golf course. Attached is a well laid out,updated,almost 2800 sqft 2-story home with plenty of space for everyone. Downstairs separate bedroom with full bath next to it is perfect Mother-in-law/generational set-up. Big laundry room. Big and open kitchen w/island & highly upgraded cabinets and family room area all w/windows to the fabulous backyard lake view. Formal living, formal dining, breakfast area too. Upstairs are big bedrooms and master with walk out deck and big master bath w/dual closets and dual vanities.Check the pics then come and see it!

Listed with Imperial Realty Services, 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/!


$649,900 :: 518 S BAY SHORE Boulevard, Gilbert AZ, 85233

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4 beds, 3.5 baths
Home size: 3,249 sq ft
Lot Size: 7,840 sq ft
Added: 08/04/18, Last Updated: 08/04/18
Property Type: Single Family
MLS Number: 5802698
Community: HARBOR POINT LOT 1-78 LAKE EAS
Tract: HARBOR POINT LOT 1-78 LAKE EAS
Status: Active


WOW WOW! Wow ! Honey stop the car !Finally a 2018 looking remodeled home. Ready to move in next week !! Luxury lake home on the wide part of the water with a pool !! This one is loaded up like a model home, plank tile floors throughout first floor except master suite. White cabinetry in kicthen, new granite through entire house. carpets replaced, new light gray paint, white doors, all new door hardware, built in office cabinets, built in master suite. Custom wood shutters throughout, 6'' baseboard and 6'' coffered ceiling, seller really customized this home to stay. This lake allows electric boats too, you hav eto see the boat parades, what a great neighborhood and community, won't last long !!Please note seller will add closet to den as originally built at sellers expense.

Listed with Arizona Real Estate Services


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


$467,499 :: 542 N MONDEL 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: 01/29/18, Last Updated: 08/01/18
Property Type: Single Family
MLS Number: 5715811
Community: PLAYA DEL REY AMENDED
Tract: PLAYA DEL REY AMENDED
The price of this listing was last reduced on 8/1/2018 by 1%
Status: Active


WOW! Honey stop the car, this is a great location close to schools, parks & shopping. A highly desirable area with a ski lake. This home is on the water with a fountain you can see from all your rear facing windows. 4 bedroom with one bedroom downstairs & a full bath downstairs, formal living & dining, Gourmet kitchen with granite counter tops open to the great room,3 bedrooms upstairs & loft, tile in all the right spots. Huge covered patio with barbecue great views to enjoy all year long. 2 car garage with cabinets, new water heater & dishwasher and fresh paint. Truly a must see, it won't last long.

Listed with Southwest Mountain 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/!


$465,000 :: 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: 05/27/18, Last Updated: 07/16/18
Property Type: Single Family
MLS Number: 5772091
Community: Val Vista Lakes
Tract: Val Vista Lakes
The price of this listing was last reduced on 7/16/2018 by 2%
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/awsome views of the lake. All new upgraded carpet, large tile & light fixtures. The garage has professionally installed epoxy floors and cabinets. Backyard features heated play pool and flagstone. Enjoy the ammenities which include the multi-million dollar clubhouse, heated pool, sandy beach, tennis, racquetball, weight rm., 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/!


$749,888 :: 1912 E CATAMARAN Court, Gilbert AZ, 85234

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5 beds, 3 baths
Home size: 3,798 sq ft
Lot Size: 13,939 sq ft
Added: 01/11/18, Last Updated: 07/02/18
Property Type: Single Family
MLS Number: 5707695
Community: VAL VISTA LAKES
Tract: VAL VISTA LAKES
Status: Active


THIS HOME IS IDEALLY SITUATED ON ONE OF THE LARGEST NORTH/SOUTH FACING WATERFRONT LOTS & HAS ONE OF THE MOST OPEN SPACIOUS FLOORPLANS IN REGATTA. (A Val Vista Lakes Community)IDEALLY LOCATED ON A CUL DE SAC, THE HOME IS SET BACK WITH A LONG WIDE DRIVEWAY THAT ACCOMMODATES PARKING FOR 3 CARS DEEP AND 3 CARS WIDE IN ADDITION TO THE OVERSIZED 3 CAR GARAGE.ADDITIONALLY, THIS HOME BOASTS ONE OF THE LARGEST BACK YARDS IN REGATTA WITH A REMODELED PEBBLE TEC SALTWATER POOL WITH NEW FILTER AND VARIABLE SPEED PUMP, SALTWATER SPA AND LARGE TRAVERTINE PAVER PATIO. ENJOY THE PRIVACY AND ABSOLUTELY GORGEOUS VIEWS FROM THE COVERED ENTERTAINING AREA OR MASTER BALCONY. YOU CAN SIMPLY RELAX IN THE SPARKLING POOL OR TAKE THE BOAT OUT FROM YOUR PRIVATE DOCK THAT INCLUDES ELECTRIC AND WATER. Home features

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/!


$699,999 :: 1211 N REGATTA Drive, Gilbert AZ, 85234

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4 beds, 3 baths
Home size: 3,342 sq ft
Lot Size: 9,583 sq ft
Added: 06/07/18, Last Updated: 06/25/18
Property Type: Single Family
MLS Number: 5777160
Community: REGATTA AT VAL VISTA LAKES AMD
Tract: REGATTA AT VAL VISTA LAKES AMD
The price of this listing was last reduced on 6/25/2018 by 1%
Status: Active


4 bedroom 3 bath custom built lakefront home with one of the very best views in Val Vista Lakes!Gated community,3348 SF in main house,833 addl SF in garage.Builder utilized many energy efficient upgrades:3 + car garage, insulated garage & insulated garage doors.Master Bedroom on main floor.Marble Floor & Counter in Master Bath2x6 construction.Highly insulated to save you $$ on cooling / heating bills.Upgraded energy efficient Pella windows.3 brand new 16 seer A/C units; 3 zones for maximum energy efficiencyNew hot water heater; New water softener. New exterior paint.Granite counters throughout home, custom built cabinetry throughout.Tons of closet space.Outdoor cooktop. Boat dock.'Tubes in walls' pest control system Mature fruit bearing tree in yard.RV g

Listed with Revinre


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


$469,000 :: 433 S LAKE MIRAGE Drive, Gilbert AZ, 85233

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4 beds, 3.5 baths
Home size: 2,593 sq ft
Lot Size: 5,227 sq ft
Added: 04/06/18, Last Updated: 06/22/18
Property Type: Single Family
MLS Number: 5747954
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 6/6/2018 by 2%
Status: Active


One of the most incredible view lots in The Islands with soaring ceilings and windows to appreciate the one-of-a-kind long lake view in multiple directions. This beautiful home comes with designer kitchen, granite countertops, travertine flooring, and upgraded finishes thought. Two masters, one up and one downstairs equipped with two vanities. Relax outside while enjoying the tranquil water or enjoy an active lifestyle community with restaurants and shopping within walking distance. Exterior includes built in dock, entertaining fridge, and second story patio with views galore.

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/!


 

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