Monthly Archives: May 2020

Why Does an Arizona Business Need commercial insurance?

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Those that are in the Green Valley, AZ area may find that it is a great place to own a business. If you are going to start a company in this area of the state, you should carefully consider your insurance needs. There are many reasons why you may need a commercial insurance policy for your business. 

Required by Lender and Investors

One reason why an Arizona business will need commercial insurance is that it can be required by its lenders and investors. To start a company, most business owners will need to raise capital from outside sources. Whether it is a bank or investor, you will need to comply with their insurance requirements. Most of the time, your bank or investor agreements will stipulate the type and level of coverage you need, which will help to protect their investment. 

Required by Law

Another reason why you may need commercial insurance is that it can be required by law. In Arizona, many business owners are required to carry worker’s compensation insurance. When you have this form of insurance, it will help to ensure that your employees are covered by insurance if they are injured while working on the job. When you get a full commercial insurance policy, it can provide this form of coverage.

Picking a commercial insurance policy in the Green Valley, AZ area is a very big decision. Due to this, companies that are in this area should reach out to the Insurance Center of Green Valley to discuss their insurance needs. When you do call the Insurance Center of Green Valley, you can learn a lot more about all of your company’s insurance needs. They can then help you to get into a policy that provides the right coverage for your company. 

What isn’t covered by home insurance

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Owning your own home is part of the American dream. When you own a home, you have a lot to worry about. One of the things that can help allay your homeownership worries is home insurance. It is the security blanket that protects your investment from all the bad things that can happen. But does home insurance cover everything? The answer is no, a basic home policy doesn’t cover everything. At the Insurance Center of Green Valley in Green Valley, AZ the experienced team can help you to understand the importance of having the right home policy for you and your home. 

Flooding is probably the most common item that homeowners may not realize is not covered under a basic home insurance policy. As many as 41 million homes in the United States are in danger of damage from flooding. While flooding is not a common occurrence in Arizona, it has happened with devastating results. 

Earthquakes are also not covered by a typical home policy. The risk in Arizona is low, there has only been one earthquake over a  magnitude 7 but it is best to know what you can expect if one should happen.

Sewer backup is not covered by most home insurance policies unless it is specifically listed. It is always a good idea to actually read your home policy to see the exclusions. 

Expensive jewelry is likely under covered. Home policies have stated limits on jewelry and they are not very high. If you have an engagement ring, it may be worth more than the limits of your policy. 

Knowledge is power. Understanding what is covered by your home insurance policy and more importantly what isn’t covered is vital for your peace of mind. Give the office of the Insurance Center of Green Valley in Green Valley, AZ a call or stop by to talk to one of their team about your home insurance policy or needs.