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

$443,000 :: 1346 W WINDRIFT Way, Gilbert AZ, 85233

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3 beds, 2.5 baths
Home size: 2,121 sq ft
Lot Size: 5,228 sq ft
Added: 04/05/19, Last Updated: 05/18/19
Property Type: Single Family
MLS Number: 5907215
Community: SANDCASTLE VILLAGE LOT 1-31 TR A-D
Tract: SANDCASTLE VILLAGE LOT 1-31 TR A-D
The price of this listing was last reduced on 5/18/2019 by 2%
Status: Active


Stunning WATERFRONT property with unbelievable VIEWS nestled in Sandcastle Village! This cozy 3 bedroom, 2.5 bath with a loft/den is full of custom amenities. As you enter the home you're greeted with vaulted ceilings, bamboo floors and an unmatched view of the lake. You will find stainless steel appliances in the kitchen and extra storage throughout the home and garage. A new water heater was installed March 2019, the new upstairs AC unit installed August 2018, and the roof is warrantied through 2024. Relax in the backyard while barbecuing on the built-in grill and enjoying the natural scenery in this highly desired community.

Listed with American Realty Brokers


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


$689,500 :: 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: 05/15/19
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 5/15/2019 by 0%
Status: Active


Paint Concession with Full Price offer! Lakefront home that is located 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 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/!


$749,990 :: 1518 E TREASURE COVE Drive, Gilbert AZ, 85234

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5 beds, 3 baths
Home size: 3,323 sq ft
Lot Size: 17,424 sq ft
Added: 03/14/19, Last Updated: 05/10/19
Property Type: Single Family
MLS Number: 5895944
Community: WEST LAKE ESTATES LOT 1-40 TRACT A-C
Tract: WEST LAKE ESTATES LOT 1-40 TRACT A-C
The price of this listing was last reduced on 5/10/2019 by 3%
Status: Active


REDUCED! Absolutely beautiful, custom, luxury waterfront home in prestigious West Lake Estates on a huge lot. 5 beds/3 baths. Beautiful chefs kitchen w/cherry cabinets, granite countertops, all stainless steel appliances, double convection ovens, fridge. Travertine+cherry wood floors. Beautiful custom window treatments. Combination family/game rooms w/pool table, wine cellar and bar area for indoor entertainment. Master bed has balcony overlooking large backyard, lake and mountain views. Huge master bath w/jacuzzi. Fabulous resort backyard w/ heated pool, spa, travertine patio, custom fireplace and lush landscaping. 2 RV gates. Everything has been highly upgraded! Access to Val Vista Lake amenities: pools, beach, spa, lagoon, tennis, racketball, gym, clubhouse. Home Warranty. Must see!,

Listed with Arizona Oasis 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/!


$460,000 :: 1402 W LAKE MIRAGE Court, Gilbert AZ, 85233

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3 beds, 2 baths
Home size: 1,771 sq ft
Lot Size: 5,228 sq ft
Added: 05/08/19, Last Updated: 05/08/19
Property Type: Single Family
MLS Number: 5922634
Community: LAKE MIRAGE LOT 1-38 TR A-I
Tract: LAKE MIRAGE LOT 1-38 TR A-I
Status: Active


STRIKINGLY BEAUTIFUL lakefront home in the ISLANDS is your dream come true escape in the attractive and centrally located town of Gilbert. With your first step into the graceful entryway you will fall in love with every inch of this splendid home and its amazing amenities. Open floor plan is spacious and designed to provide comfortable living areas for a family or couples. Ample natural light combined with pretty tile floors create an atmosphere brimming with ambiance. Great room with BREATHTAKING VIEWS OF LAKE are the ultimate in cozy. Seating arrangement in great room is perfect for watching water activities or large flat screen TV. Wet bar promises mixing and serving adult beverages is classy experience. Pub style dining area adds class to formal or casual meals. Hit MORE

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/!


$700,000 :: 1211 N REGATTA Drive, Gilbert AZ, 85234

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4 beds, 3 baths
Home size: 3,342 sq ft
Lot Size: 9,584 sq ft
Added: 05/07/19, Last Updated: 05/08/19
Property Type: Single Family
MLS Number: 5922321
Community: REGATTA AT VAL VISTA LAKES AMD LOT 1-108
Tract: REGATTA AT VAL VISTA LAKES AMD LOT 1-108
Status: Active


Must see beautiful 4 bedroom 3 bath waterfront home. Master on main with den, 2 bedrooms and game room upstairs. New upgraded appliances, all granite or marble counter tops throughout house & 10-12' ceilings.Family room has fireplace. 20'' tile flooring. Enjoy the outdoor kitchen with length lake view and boat dock. Oversized true 3 car garage with 9' doors for larger vehicles. Extra foam insulation in 2 x 6 walls and 3 separate AC units for much lower utility bills. Club House with Tennis Courts, Weight Room and Swim Club.

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/!


$378,000 :: 1421 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: 05/07/19, Last Updated: 05/07/19
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5922150
Community: TOWNHOMES ON CORAL REEF LOT 1-53 TRACT A-G
Tract: TOWNHOMES ON CORAL REEF LOT 1-53 TRACT A-G
Status: Active


Looking for one of the best views in the Valley of the Sun... This is it! Enjoy spectacular waterfront & sunset views In The Islands! 2289 sq. ft. 3bd/bonus room, 2.5 bath, has a large kitchen w/ granite & stainless steel appliances. Washer & dryer included with upstairs laundry. Master bedroom has soaring vaulted ceilings, fireplace and door leading to the balcony overlooking the lake! Perfect for full time or lock & leave. HOA takes care of the yardwork and pool... so you can relax and fish off your own private dock. Brand new HVAC. Home Warranty included.

Listed with ProSmart 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/!


$395,000 :: 1322 W CORAL REEF Drive, Gilbert AZ, 85233

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3 beds, 2.5 baths
Home size: 2,459 sq ft
Lot Size: 2,178 sq ft
Added: 04/25/19, Last Updated: 05/06/19
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5916758
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 5/6/2019 by 1%
Status: Active


Luxury waterfront Town Home, on Lake 1, in the Islands Community. End Unit and one of four of the largest floor plans. Large 15k covered patio, with walkway to dock. .It boasts a master suite living room -bedroom combo with a very large bathroom with jacuzzi tub.Second and third bedrooms are connected by a shared bath. Private vanities and linen closets in bathrooms. New AC units in 2011 and 2018 (warranteed), new water softener 2018, central vac, radio-intercom system. Gated front entrance.Other amenities listed in Documents .Leave the yard work and pool maintenance to the HOA . It is like living in a resort!!!!

Listed with Wright Realty 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/!


$695,000 :: 1529 W LAUREL Avenue, Gilbert AZ, 85233

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4 beds, 3 baths
Home size: 2,863 sq ft
Lot Size: 10,019 sq ft
Added: 05/03/19, Last Updated: 05/04/19
Property Type: Single Family
MLS Number: 5920910
Community: PLAYA DEL REY AMENDED
Tract: PLAYA DEL REY AMENDED
Status: Active


Live at a quiet relaxing private WATER SKI RESORT!!! Jet Ski or Wakeboard in your backyard. Lovely open 1 story. Just completed $100,000 remodel. New kitchen with Granite, New stainless steel appliances, New colors in & out, New wood tile, New sinks & vanities, new lights & fans, New Landscaping, and much more. All 4 bedrooms are arranged in a split floorplan. Just 12 miles to the Phoenix & Mesa airports. Other features of the subdivision include Clubhouse, fishing lake and miniature golf course. Adjacent to public golf course, golf driving range, indoor basketball, tennis courts, soccer field, baseball field, and bike paths. Downtown Gilbert Heritage District with multiple casual & upscale dining, theatrical theater, and farmer's market. It's like being on vacation every day.

Listed with Oasis Homes


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


$709,900 :: 1912 E CATAMARAN Court, Gilbert AZ, 85234

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5 beds, 3 baths
Home size: 3,798 sq ft
Lot Size: 13,940 sq ft
Added: 01/11/18, Last Updated: 04/30/19
Property Type: Single Family
MLS Number: 5707695
Community: VAL VISTA LAKES
Tract: VAL VISTA LAKES
The price of this listing was last reduced on 8/30/2018 by 5%
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/!


$639,000 :: 1426 W EMERALD KEY Court, Gilbert AZ, 85233

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3 beds, 2 baths
Home size: 2,522 sq ft
Lot Size: 11,326 sq ft
Added: 04/28/19, Last Updated: 04/28/19
Property Type: Single Family
MLS Number: 5918018
Community: SHORES AT THE ISLANDS
Tract: SHORES AT THE ISLANDS
Status: Active


A Waterfront home . Desirable one-of-a-Kind, dazzling interior and views. Comfortable and stimulating: Lake View, Patio, Pool, Grass and Private Dock. Single-Story with soaring ceilings joining a Formal Living Room and Formal Dining, Great Room, Wall-to-Wall glass, marble and carpeted flooring. One can be in all-glass Great Room, Breakfast Bay, Kitchen, Two Master Bed Rooms and appreciate views to Pool, Patio, Lawn and Lake. An architectural epitome of thoughtful design, details and finishes. Large Master Bedroom Suite has bay windows overlooking Pool, Lake, a large Sitting Room, Master Bath, Shower, Spa and Marble floor. Second Master Bed Room also has private Bath, a separate entry and bay window view to Lake. All may astonish! Relax on an expansive, very private, north exposure...

Listed with Redfin Corporation


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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