Arizona Home Insurance
First time home buyers are asked to obtain HAZARD INSURANCE before they can close escrow. The title company and mortgage company are requiring you to buy a Home insurance policy. For most Americans, their home is the single most important asset. You protect that asset with a Homeowners Insurance policy if you plan on living in the home… or a Rental Dwelling policy if you plan on using the property as a rental. The policy should be tailored to fit your specific needs because there are limits on certain types of losses. Examples include limited coverage for Jewelry, computers, business property in the home… to name just a few. My recommendation on obtaining your home insurance is to take the time to review your unique situation with your insurance professional and tailor the policy to you. It is always better to find out the limitations before you have a claim!