Arizona Homeowners Insurance Information
Whether you own a house, condominium or townhouse, for most people
their home is their most important investment. Allied Insurance Group offers
Arizona homeowners insurance policies that have flexibility to meet your
individual needs and above all, provide you with the security that comes only
from the knowledge that your home is safe.
Insurance for your home is one of the most popular and
important forms of personal insurance and the typical
Arizona homeowners insurance policy has two main
sections:
Section I - insurance coverage for your property
Section II - personal liability coverage (to cover you in
case of lawsuits arising from things that happen on your
property)
Arizona homeowners insurance is often required by
lenders to obtain a mortgage and nearly everyone,
whether you own or lease property, should have the
protection of home insurance.
Arizona Homeowners Insurance Policy FAQ
Click on the link below to fill out a secure quote request
form for a Arizona Homeowners Insurance policy that will
provide excellent insurance coverage at an affordable
cost. Or speak with our Arizona Homeowners Insurance
specialist at (520) 918-2886 to discuss the features.
Covered losses under a Arizona homeowners insurance policy can be paid on either a
replacement cost basis or on an actual cash value basis. When "actual cash value" is used, the
policy owner is entitled to the depreciated value of the damaged property. Therefore, the older the
item is, the less money you may receive for it. If you choose the "replacement cost" coverage,
the Arizona homeowners insurance policy will reinburse the amount it costs to replace the
property with something of a similar type and quality at current prices.
Arizona Homeowners Insurance Policy FAQ
Personal liability in a Arizona homeowners insurance policy is also an important part of having
security from accidents that may occur on your property. We suggest you choose coverage
limits that are not less than those on other liability insurance you own, such as car insurance.
Arizona Homeowners Insurance Policy FAQ
Click on the link below to fill out a secure quote request form for a Arizona Homeowners
Insurance policy that will provide excellent insurance coverage at an affordable cost. Or
speak with our Arizona Homeowners Insurance specialist at (520) 918-2886 to discuss the
features.
We are your local Tucson, Arizona insurance agency, offering affordable homeowners
insurance policy premiums to residents located in the following cities and counties: Oro Valley,
South Tucson, Cortaro, Vail, Sahuarita, Benson, Sonoita, Elgin, Green Valley, Continental, San
Xavier, Madera Canyon, Patagonia, Nogales, Tubac, Amado, Carmen, Pan Tak, Rillito,
Redington, Marana, Red Rock, Picacho, Oracle, San Manuel, Mt. Lemmon, Catalina,
Mammoth, Eloy, Casa Grande, Arizona City, Gilbert, Peoria, Glendale, Sun City, Maricopa, Sun
Lakes, Chandler, Mesa, Scottsdale, Sun City West, Tempe, Phoenix, Cochise County, Santa
Cruz County, Graham County, Pinal County, Maricopa County, Pima County, AZ.
Replacement Cost or Actual Cash Value
All Risks or Named Perils
Coinsurance Penalty
Personal Liability
Arizona Homeowners Insurance Policy FAQ
If your policy limit is less than 80% of the replacement cost of your home, you will face a
"coinsurance penalty," which means you'll have out-of-pocket expenses to cover costs beyond
the policy deductible you chose. For example purposes we will assume your home's estimated
replacement value (RCV) is $200,000. The co-insurance clause requires you carry at least
$160,000 (80% of your RCV). If you chose to purchase only a $80,000 Arizona Homeowners
Insurance policy you would be underinsured by half. Therefore, in the example the insurance
company would pay one-half of a loss less the policy deductible, so if you suffered a $20,000
covered loss to your house, condominium or townhouse and had a $500 deductible, your policy
would only pay $9,500.
Arizona Homeowners Insurance Policy FAQ
An "All Risks" policy provides the broadest Arizona homeowners insurance protection because it
will cover losses that are due to any peril except those specifically excluded in the policy. A
"Named Perils" policy covers losses that are due to only those perils listed in the standard
Arizona Homeowners Insurance policy and typically include fire, hail, windstorm, and other
physical losses.
**The information, pictures, and other content in this website about particular insurance services is only
provided for informational purposes. Any decisions regarding your insurance needs should be discussed
with a licensed insurance agent.
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Homeowners
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Allied Insurance Group
2424 E. Broadway Blvd.
Suite #114
Tucson, Arizona 85719
Pima County, AZ
(520) 918-2886
Fax: (520) 918-2800
520.918.2886
Allied Insurance Group
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