Homeowners insurance offers important protection from financial catastrophe if your home is damaged or burglarized. In Chandler, AZ, insuring against common weather events and maintaining a good liability insurance policy is crucial.
With help from a local independent insurance agent, you can find the best rates on homeowners insurance for your home in Chandler. A customized homeowners quote will provide you with the information you need to make one of the most important decisions you'll face as a homeowner.
How Much Does Homeowners Insurance Cost in Chandler, AZ?
The average cost of homeowners in insurance in Chandler is a bit higher than the state and national average. You can get great rates by shopping around. Comparing rates from various companies can save you hundreds of dollars on your homeowners policy.
- National average yearly premium: $1,173
- Arizona average yearly premium: $810
- Chandler, AZ average yearly premium: $1,282
Your actual homeowners insurance costs in Chandler will vary from the average costs, of course. Rates are calculated case-by-case. Insurance companies may consider the following factors when figuring out your premiums:
- The square feet, age, and market value of your home
- Your home type (single-family, condo, etc)
- Whether you home has multiple stories or a basement
- Weather risks and crime rates in Chandler
- Your credit score and claims history
- Whether you bundle your homeowners policy with an auto policy
When you compare quotes, you'll get valuable information about your options and the rates you can expect to pay. An independent agent can shop multiple companies for you so you'll have all the information you need in one place.
Does Chandler Homeowners Insurance Cover against Catastrophic Events?
Arizona homeowners insurance covers you for multiple hazards, including severe weather and fire. Be careful to include adequate coverage for your home's contents when choosing coverage levels so you can replace lost possessions after a catastrophe.
Catastrophic Events in Arizona
- Number of federally declared disasters in Arizona: 63
- Most common reasons for disasters in AZ: Fire
- Average number of tornadoes per year in Arizona: 4.6
- 550,629,000 insured homes have a claim each year.
In Chandler, homeowners are most likely to face lightning, flood, and water damage. These common hazards may covered by homeowners insurance, with the exception of flood damage. Even if the flood is caused by another weather event, you'll need separate insurance to cover this type of damage.
A local independent insurance agent can help you assess your risk for flooding. They can assist you as you decide whether to add flood coverage to your homeowners insurance policy through the National Flood Insurance Program (NFIP).
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Why Do Chandler Homeowners Need Liability Insurance?
Liability insurance offers crucial protection from lawsuits that result from a covered event. Your homeowners insurance policy should include this type of coverage. You may need a liability policy for the following incidents:
- Your dog bites someone walking by your home
- You post a negative review of a local business and they sue you
- Your child causes accidental damage to someone else's home
- A visitor trips while visiting your home and they break their ankle
A Chandler independent insurance agent can explain how liability insurance works to protect a homeowner. If you want more liability insurance than your homeowners insurance provides, your agent can talk with you about getting an umbrella policy to boost your coverage.
Does Chandler Homeowners Insurance Cover against Burglaries?
Your chances of being burglarized in Arizona are lower than the national average. They are lower still in Chandler.
- Number of burglaries per 1,000 homes in the US: 4.69
- Number of burglaries per 1,000 homes in Arizona: 5.44
- Number of burglaries per 1,000 homes in Chandler: 2.97
Property crime is a stressful event. If your Chandler home suffers damage or theft in the course of a burglary, your homeowners insurance can help compensate you for your losses.
You may get a discount on your homeowners insurance premium if you have an alarm system installed in your home. Your agent can help you get the appropriate discounts for a home security system.
What about Second Home and Vacation Home Insurance?
If you own more than one home, you'll need to purchase additional homeowners insurance to cover that residence. Your second home or vacation home may have additional risks not associated with your primary home.
Even though you may need specialized insurance, your agent can help you shop around for the best possible rates.
Tenant-occupied second homes tend to have higher property damage and liability risks. You may need landlord insurance. If your second home is a vacation property that you leave unoccupied most of the time, you could also be at greater risk for break-ins and property damage. Vacant home insurance could help cover you for these perils.
A Chandler insurance agent can review your coverage options and get you the protection you need for your property.
Why Work with an Independent Insurance Agent in Chandler, AZ?
When you work with a Chandler independent insurance agent, you'll receive multiple quotes from different companies. You can compare rates and coverage options with benefit of your agent's expertise.
Contact an insurance agent in Chandler today to get started creating your customized home insurance plan.
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