Nearly 7,000 people call the city of Aztec, New Mexico, home. If you are among the many proud property owners in this picturesque and historic city, you can protect the investment you have made in your house by purchasing a comprehensive homeowners insurance policy.
Independent insurance agents can help you find the best and most affordable insurance policy to cover your Aztec home. Contact an insurance agent near you to get more information and to start reviewing a selection of customized quotes.
How Much Does Homeowners Insurance Cost in Aztec, NM?
The average cost of homeowners insurance in New Mexico is lower than the national average rate. Comparison shopping lets you be sure you are getting your coverage at the most competitive price.
- National average yearly premium: $1,211
- New Mexico average yearly premium: $1,017
Of course, these are just averages. Your actual cost will be based on several factors such as:
- The age, size, and value of your house
- The type of home you are insuring (e.g., single-family detached, multi-family home, mobile/manufactured home, rental property, condominium, townhouse, tiny home, vacation home, etc.)
- The number of stories your house has
- The crime rate and common weather risks where your house is located
- Your claims history and credit score
- The size of your deductible
If you bundle your home insurance with other policies like car insurance or business insurance, you can often get all of your policies at discounted rates. A local independent agent can shop around to find you the home insurance policy that meets your coverage and budgetary needs the best.
Aztec Homeowners Insurance Covers Your Property
Your homeowners insurance is designed to cover against many of the risks you face as a homeowner in Aztec. You can expect your policy to cover the cost to repair or replace property damaged by:
- Property crimes, like burglary and vandalism
- Fires, including accidental fires and wildfires
- Severe storms, including monsoons, hurricanes, and tropical storms
You will want to be sure that your structural (dwelling insurance) and property (contents insurance) coverage limits are high enough to enable you fully replace all your property if your home is impacted by a catastrophic event like a fire.
What about Coverage against Flood Damage in Aztec, NM?
FEMA warns that as little as one inch of rainwater in your house can result in up to $25,000 in property damage. However, flood damage is not covered by homeowners insurance, even if it is the direct result of a covered monsoon.
Fortunately, you can supplement your home insurance coverage with an affordable flood insurance policy through the NFIP (National Flood Insurance Program.)
Flood insurance policies can provide you with up to $250,000 in dwelling coverage and $100,000 in contents coverage if your home is impacted by a overflow event. These policies take 30 days to go into effect, so do not wait until monsoon season is on the horizon to purchase your coverage.
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Why Do Homeowners in Aztec Need Liability Insurance?
Homeowners insurance does more than just cover your property. It can also provide you with a significant amount of personal liability insurance. Home insurance companies typically offer between $100,000 and $300,000 in liability coverage.
Homeowners liability insurance is designed to absorb expenses like court costs, legal fees, settlements, judgments, and other damages if you or a member of your household is responsible for unintentional injuries, property damage, or financial losses to others.
Examples of times that you may need to use your homeowners liability insurance include if:
- A guest is injured while swimming in your pool
- You accidentally strike someone with a golf ball while hitting the links at the Aztec Municipal Golf Course
- Your child leaves the gate open and your dog gets loose and bites a neighbor
- You are facing accusations of libel or slander
If you have a lot to lose and want even more liability coverage than your home insurance company can provide, a local independent agent can help you supplement your coverage with an affordable umbrella insurance policy.
Homeowners Insurance Covers against Property Crimes in Aztec
The burglary rate in Aztec is lower than the state rate, but still significantly higher than the national average. Residents of this small city report about 40 burglaries a year.
- Number of burglaries per 1,000 homes in the US: 3.76
- Number of burglaries per 1,000 homes in New Mexico: 7.68
- Number of burglaries per 1,000 homes in Aztec: 5.97
If you discover that your house has been broken into, you should first ensure that you and your family are safe, and then call the authorities. Your homeowners insurance can cover your losses, but you will need to have a copy of the police report when you file your claim.
Becoming the victim of a property crime can be very stressful, so it is best to limit your risk of being targeted by burglars. Home security systems are among the most effective theft deterrents. That is why many insurance companies offer discounts to policyholders who have them installed in their homes.
Of course, nothing is 100% foolproof against a determined burglar, so you will want to be sure you have suitable home insurance coverage. A local independent agent can help you review your policy’s contents coverage to ensure that your most valuable belongings are properly insured.
Why Work with an Independent Insurance Agent in Aztec, NM?
Independent insurance agents in Aztec are available to assist you with all your insurance coverage needs. These agents can provide answers to your insurance-related questions and can help you find the best and most affordable policies to cover all of your property and assets.
Arrange an obligation-free consultation with an insurance agent near you to learn more. You will soon discover how easy it can be to compare customized, competitively priced homeowners insurance quotes from some of New Mexico’s most highly rated insurance companies.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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