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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$499,990 :: 4566 S Riata Street #102, Gilbert AZ, 85297

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3 beds, 2.5 baths
Home size: 1,684 sq ft
Lot Size: 872 sq ft
Added: 06/27/22, Last Updated: 07/01/22
Property Type: Condo/Townhouse/Co-Op
MLS Number: 6424848
Community: MOSAIC AT LAYTON LAKES CONDOMINIUMS
Tract: MOSAIC AT LAYTON LAKES CONDOMINIUMS
Status: Active


Why wait for something to be built when you can have this Brand New 3 Bedroom 2.5 bath never been lived in home today! Upgraded flooring and kitchen give this home a unique charm. The vaulted ceilings make this home feel larger than its 1,684 sqft floor plan. Upstairs you will find a split master bedroom overlooking the green belt and lake. The whole home is pre-wired for fans and is ready for all your wireless technology including thermostats, garage door, doorbells and so much more. Your new home is centrally located to shopping, city parks, lakes and the community boasts amenities that include swimming pool, splash pad, tennis courts, basketball courts, private playground, pavilion, walking and bike trails. The community takes care of all landscaping and outside maintenance.

Listed with HomeSmart


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


$1,395,000 :: 1124 N PEPPERTREE Drive, Gilbert AZ, 85234

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5 beds, 3 baths
Home size: 3,375 sq ft
Lot Size: 11,326 sq ft
Added: 07/01/22, Last Updated: 07/01/22
Property Type: Single Family
MLS Number: 6410225
Community: LAKESIDE AT VAL VISTA LAKES
Tract: LAKESIDE AT VAL VISTA LAKES
Status: Active


Enjoy premium lake views from this 5 bed/3 bath home in gorgeous Lakeside at Val Vista Lakes. This waterfront home is perfect for relaxing and entertaining inside and out. Cruise 7 miles of shoreline or enjoy nightly sunsets from the upper deck. Put your culinary skills to use with the outdoor kitchen, unwind in the private pool or enjoy lounging by the outdoor fireplace or firepit. Club amenities include workout facility, jr olympic pool, beach entry pool, racquetball, tennis, pickle ball and more! This lush green lake community is a quick commute to the 60 for great valley wide access.

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/!


$1,350,000 :: 1734 E QUEEN PALM Drive, Gilbert AZ, 85234

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4 beds, 3 baths
Home size: 2,658 sq ft
Lot Size: 12,197 sq ft
Added: 06/30/22, Last Updated: 06/30/22
Property Type: Single Family
MLS Number: 6422790
Community: LAKESIDE AT VAL VISTA LAKES
Tract: LAKESIDE AT VAL VISTA LAKES
Status: Active


One-of-a-kind custom-built home in the desirable Lakeside located in the Val Vista Lakes Community is now on the market! As soon as you walk through the front door, you are greeted with an open, bright home, sprawling staircase, & family room 3-panel window-sliding arcadia door which looks out on to the pool, lush resort-like backyard and the lake. Seller has masterfully created a haven with new palm trees, fig trees, and citrus trees to compliment the lush landscape of the Val Vista Lakes Community. This remodeled beauty features floor to ceiling windows, remodeled kitchen with new oven/range, new $10,000 whole house water filtration system & comes fully furnished interior & exterior with all furniture purchased in the last year. Enjoy the wonderful Arizona outdoor

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/!


$460,000 :: 1698 E BRIDGEPORT Parkway, Gilbert AZ, 85295

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2 beds, 2.5 baths
Home size: 1,369 sq ft
Lot Size: 872 sq ft
Added: 06/16/22, Last Updated: 06/30/22
Property Type: Condo/Townhouse/Co-Op
MLS Number: 6418126
Community: VAL VISTA CLASSIC PARCEL 1 CONDOMINIUM BLKS 1 32 3
Tract: VAL VISTA CLASSIC PARCEL 1 CONDOMINIUM BLKS 1 32 3
The price of this listing was last reduced on 6/30/2022 by 3%
Status: Active


Absolutely stunning home located in Val Vista Classic community of Gilbert! This home has it all! This immaculate home features TONS of upgrades such as plank tile flooring, surround sound, quartz counter tops, upgraded cabinets with crown molding, stainless GE appliances, backsplash, a balcony that overlooks the water right in front of the home, a spacious master bedroom, the secondary bedroom also has a full bath, and many more upgrades. This home is absolutely immaculate and move in ready! This home is low maintenance and ready to call home. It is located near San Tan Mall and minutes downtown Gilbert, and in a gated community as well!

Listed with Keller Williams Integrity First


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


$915,000 :: 3654 E CHESTNUT Lane, Gilbert AZ, 85298

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4 beds, 3.5 baths
Home size: 2,896 sq ft
Lot Size: 8,277 sq ft
Added: 06/03/22, Last Updated: 06/30/22
Property Type: Single Family
MLS Number: 6408688
Community: BRIDGES AT GILBERT PHASE 1 PARCEL 4
Tract: BRIDGES AT GILBERT PHASE 1 PARCEL 4
The price of this listing was last reduced on 6/30/2022 by 1%
Status: Active


This gorgeous, highly upgraded ($190K) Bridges home is move-in ready! Single level beauty on an impeccable, low maintenance corner lot is walking distance to Lake Park, Tot Lot & highly rated 10/10 Bridges Elementary. Graced with natural light, this expansive, open floor plan flows from a private courtyard w/ open slider to the stacking glass wall leading to a custom designed patio and pool area. An entertaining lifestyle is afforded w/ a bar/beverage center & chef's kitchen w/ expanded, high end cabinetry, double ovens, gas range & large walk-in pantry. A granite/stone finished island & breakfast area overlook the backyard, resort-style haven. THIS backyard is the essence of an Arizona Outdoor Lifestyle! Listen to 3 linear waterfalls in your zero entry, heated pool or dine al fresco

Listed with Russ Lyon Sotheby's International 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/!


$4,200,000 :: 47 N SKI Court, Gilbert AZ, 85233

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4 beds, 4 baths
Home size: 5,658 sq ft
Lot Size: 20,038 sq ft
Added: 06/25/22, Last Updated: 06/25/22
Property Type: Single Family
MLS Number: 6408482
Community: CRYSTAL POINT ESTATES AMD LOT 1-20 TR A-H
Tract: CRYSTAL POINT ESTATES AMD LOT 1-20 TR A-H
Status: Active


Stunning Contemporary Luxury Home in prestigious Crystal Point Estates is now available for private showings. This gorgeous home is named by the owner Casa Motu, which means - House of the Private Island and is located in a Gated & Private Water Ski Lake Community in Gilbert, Arizona. If you are dreaming of living a resort style lifestyle on the water, this is the home and community for you! It's a lifestyle like no other! Perfectly situated it is convenient to Sky Harbor Int. Airport, Phoenix Gateway Airport, Chandler Air Park, major malls, golf resorts. freeways 60, 202 & 101, & so much more ! With 4BRs+4 BRs and 5860 sq ft and a negative edge pool w/Spa, this east facing backyard has the most gorgeous water views on the lake. Big mention:: No homes across the lake & No home north side!

Listed with Coldwell Banker 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/!


$599,999 :: 755 E ZION Drive #103, Gilbert AZ, 85297

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4 beds, 3 baths
Home size: 2,028 sq ft
Lot Size: 872 sq ft
Added: 06/22/22, Last Updated: 06/22/22
Property Type: Condo/Townhouse/Co-Op
MLS Number: 6420244
Community: MOSAIC AT LAYTON LAKES CONDOMINIUMS AMD
Tract: MOSAIC AT LAYTON LAKES CONDOMINIUMS AMD
Status: Active


This house is MOVE-IN READY. Enter into a comfortable great room, dining room and lovely kitchen with white cabinets, gold hardware, and Quartz countertops. It features GE Profile appliances, a beautiful backsplash, two pantries, & a great spot for a coffee bar. Enjoy the view of the lake through a large picture window. Windows have motorized blinds. The downstairs has vinyl plank, with one bedroom and full bathroom. Upstairs are 3 bedrooms and 2 full bathrooms with a large loft for a den or office. Upstairs windows decorated with plantation shutters and every room has a fan.The garage has racks for storage. This home is located in Layton Lakes with walking paths, lakes, parks for tots and available swimming pools, tennis courts, basketball courts and so much to enjoy!

Listed with Hague Partners


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


$594,900 :: 755 E ZION Drive #102, Gilbert AZ, 85297

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3 beds, 2.5 baths
Home size: 1,684 sq ft
Lot Size: 872 sq ft
Added: 06/17/22, Last Updated: 06/17/22
Property Type: Condo/Townhouse/Co-Op
MLS Number: 6402771
Community: MOSAIC AT LAYTON LAKES CONDOMINIUMS AMD
Tract: MOSAIC AT LAYTON LAKES CONDOMINIUMS AMD
Status: Active


Beautiful townhome in highly desirable neighborhood of Mosaic at Layton Lakes. Just minutes from expansive shopping and L202. This like-new home features a lake view and mountain view! Enjoy 3 BR, 2.5 BA, kitchen, dining, great room, huge laundry room, and loft with built-in desk. Soak up the beautiful Arizona weather in your private oversized backyard, with no home behind you. Garage has epoxy floor, insulated garage door, and upper shelving for storage. Home has upgrades galore which are listed in Documents. Mosaic is a gated community within Layton Lakes. Enjoy all its amenities: swimming pool, spa, BBQ area, and kids playground. Also enjoy all of Layton Lakes fishing lakes, walking trails, jogging tracks, splash pad, and sport fields. HOA includes water/sewer/gas/valet trash.

Listed with HomeSmart


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


$925,000 :: 552 N MONDEL Drive, Gilbert AZ, 85233

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4 beds, 2.5 baths
Home size: 3,552 sq ft
Lot Size: 8,712 sq ft
Added: 05/09/22, Last Updated: 06/10/22
Property Type: Single Family
MLS Number: 6396914
Community: PLAYA DEL REY AMENDED
Tract: PLAYA DEL REY AMENDED
The price of this listing was last reduced on 5/31/2022 by 8%
Status: Active


Luxury waterfront home in Gilbert's exclusive Playa Del Rey Estates. This lake community oasis features 4 bedrooms 2.5 baths. Master bedroom has own private level that boast balcony/patio with view of the lake. Many features and updates, 3 car gar, play pool, water softener, fruit tree. Superior granite counter tops, top of line Viking appliances, low flow toilets, executive office including mahogany built in bookshelf and desk. PRICE ADJUSTMENT...MOTIVATED SELLER !!!!!!!

Listed with Call Realty, Inc.


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


$1,048,900 :: 1114 E CULLUMBER Street, Gilbert AZ, 85234

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4 beds, 3.5 baths
Home size: 2,970 sq ft
Lot Size: 6,970 sq ft
Added: 05/28/22, Last Updated: 06/06/22
Property Type: Single Family
MLS Number: 6407922
Community: SOUTHERN SHORES AT WIND DRIFT LOT 1-33 TR A B
Tract: SOUTHERN SHORES AT WIND DRIFT LOT 1-33 TR A B
The price of this listing was last reduced on 6/6/2022 by 5%
Status: Active


Prepare to be amazed! Come and see this completely remodeled 4 bed, 3.5 bathrooms, waterfront residence now for sale in the Lake Community of Wind Drift! Upon entering you will find soaring ceilings, a 1st floor guest bedroom and a large office/flex space w/mini split. This home has a spacious great room with pre-wired surround sound and luxurious 24x24 tile floors. The elegant kitchen displays custom white cabinets, tile backsplash, granite counters, dry bar, SS appliances, a large waterfall island, & a lovely bay window looking out to the lake. The large master bedroom includes balcony access, an upscale bathroom w/2 vanities, a standalone tub, & walk-in closet. This home also features a media/game room as well as air conditioned garage/work out area/workshop! This home has it all!

Listed with HomeSmart


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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