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6859 E Rembrandt Rd
Suite 128
Mesa, AZ 85212

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Precision Insurance Team Blog

Do I Need Comprehensive Auto Insurance With a Car Loan in Arizona?

The quick answer? Most likely, yes. In Mesa, AZ and surrounding areas, lenders typically require borrowers to have comprehensive auto insurance to get a car loan. Precision Insurance Team provides this guide in navigating this important coverage. 

What is a Comprehensive Insurance Policy?

Comprehensive insurance is sometimes called “other than collision” coverage. It pays to repair or replace your car if it’s stolen, vandalized, or damaged by fire, hail, flood, or another covered event.

Comprehensive insurance is optional in most states, but as we mentioned, it’s typically required in Arizona if you have a car loan. You can find out more about the requirements with the Precision Insurance Team.

Lenders Require Comprehensive Insurance for a Reason

Your car is collateral for your loan, so the lender can repossess your vehicle if you can’t make your payments. To protect their investment (and yours), lenders want to ensure you have insurance if something happens to your car.

Comprehensive insurance is the best way to do that since it covers many potential risks. If you only have liability insurance, it will only cover damage or injuries that you cause to others—not damage to your own vehicle.

Remember that even if your lender doesn’t require comprehensive insurance, it’s still a good idea to have it. After all, you don’t want to be stuck with an enormous repair bill or have to replace your car if it’s stolen or vandalized.

Are There Any Add-ons I Want to Consider?

There are a few add-ons to consider when getting comprehensive auto insurance in Mesa AZ, such as:

  • Rental reimbursement: This pays for a rental car while your vehicle is being repaired after a covered event.
  • Roadside assistance: If you break down, this pays for towing and other emergency services.
  • Custom parts and equipment: This covers damage to any customizations or aftermarket additions to your vehicle.

Give Us A Call

The experts at Precision Insurance Team in Mesa, AZ will help you choose the right coverage and add-ons for your needs.

Renting to Own? You Still Need Renter’s Insurance

Renting to own has become a popular option for some people over the years, though it may cause some insurance confusion. In this situation, we at Precision Insurance Team suggest renter’s insurance for Mesa, AZ renters. Here’s what you need to know about why this option is wise.

Why You Still Need Renter’s Insurance

When you’re renting to own a home, the owner is typically taking your rent as a down payment or as part of a mortgage agreement that will transfer the home to you once the renting period is over. However, that doesn’t mean you own the house yet. It is still owned by another individual.

As a result, the homeowner’s insurance policy that applies to that house (which is held by the owner) does not protect anything that you bring to the home. This mistake is one that many people make when they’re renting to buy. However, it is one that you can avoid if you buy renter’s insurance.

The Benefits of Renter’s Insurance

Renter’s insurance is a great option for you because it will protect the belongings in your home before you own the house. In other words, it will protect everything that you add to a rental home, such as your clothes, items you’ve purchased, and other things you’ve added to a house.

The nice thing about these policies is that they’re usually much cheaper than homeowner’s policies and can be canceled once you own a home. After you buy a house, you can then purchase the proper insurance policy to protect not only the house itself but the items you own inside it.

Getting a Policy You Can Trust

As you can see, renter’s insurance is a beneficial option for you when renting to home. If you’re interested in this policy type, please don’t hesitate to contact us at Precision Insurance Team near Mesa, AZ to learn more. Our experts will do what we can to find a policy that suits your specific needs.

Home Insurance Coverage Options for Residents of Mesa, AZ

Home insurance and homeowners insurance are two separate coverage options for your home. While these coverage options are similar, the only difference separating these coverage options is homeowners insurance covers more than the structure of your home. If you’re looking for home insurance in Mesa, AZ, the Precision Insurance Team can help. 

What Is Included In a Standard Home Insurance Policy?

A standard home insurance policy in Mesa, AZ includes different coverage options. These different standard coverage options include:

Home Structure and Property

Home insurance gives you financial protection for your home’s structure as well as any property in the home in the instant a covered event occurs.

Additional Living Expenses

Home insurance also covers your additional living expenses that incur while you’re making repairs. These additional expenses can include lodging and dining.

Liability Protection

A standard home insurance policy has liability protection. If someone is injured while on your property, or you are held accountable for damaging someone’s property, your liability policy will help cover the expenses.

What Are the Different Types of Home Insurance Policies?

There are different types of home insurance. If you have a different type of home loan, you will most likely have an HO-3 policy, which is the most common type of Mesa AZ home insurance. HO-3 policies often include:

  • Housing coverage
  • Covering other structures
  • Personal property coverage
  • Responsible 
  • Medical payments
  • Additional living expenses

Each type of home insurance policy covers different risks, such as water damage, fire, and theft. 

How does homeowners insurance work?

The home insurance journey can be broken down into different steps, each with its own set of considerations. Understanding each step can help you understand how your policy works.

Here at the Precision Insurance Team, we are ready to help you choose a home insurance policy that fits your needs. Contact us today to learn about our insurance services and how we can help you.

What recent college graduates need to know about renter’s insurance

Precision Insurance Team is here to help recent college graduates in the Mesa, AZ area with their insurance needs. We want you to have the protection you need!

Why renter’s insurance is so important

When it comes to renter’s insurance, deciding to have it should be a no-brainer! There are so many great benefits to renter’s insurance that it doesn’t make sense not to have it.

For example, if your bike is stolen away from your home and has the applicable coverage in your renter’s policy, this loss may be covered.

Stolen and lost items aren’t the only reason to have your own renter’s insurance policy. Your landlord will, of course, have insurance, but this will only cover the common areas of the building and the structure itself. When you have your policy in place, you can rest assured that you have the protection you need!

Graduating from college is an exciting milestone and often marks the beginning of your adult life. And, part of being an adult is taking responsibility for your financial future. Protecting your belongings is an integral part of your financial responsibility.

Why not take the time now to look at the renter’s insurance policy options that are available in our area?

Please find out more by calling our office today!

If you are a recent college graduate in the greater Mesa, AZ area, you can rely on the Precision Insurance Team for all of your insurance needs. Call our office today and learn more about the renter’s insurance policy options in our area.

Does your AZ auto policy provide the benefits you need?

Precision Insurance Team can help you with all of your insurance needs, including auto policies. If you are a resident in the greater Mesa, AZ area, you can rely on us!

Comprehensive auto insurance policies

When it comes to protecting your vehicle, less is usually not more! We want our clients to have the coverage they need. If your car is involved in an accident and needs to be repaired or replaced, you can be without transportation for a significant length of time. 

Because of the important role that private transportation plays in our lives, going without a vehicle for any amount of time can be a serious disruption. We want you to have the protection you need so that any accident has as little effect as possible on your everyday life. With features such as rental car coverage, you can have access to the transportation you need, even if your car is in the shop.

Being involved in an accident, or having your car stolen, are two very stressful events. This is especially true if you are injured in an accident. In addition to medical expenses and concerns, you will also need to repair or replace your vehicle.

When you have a policy in place that provides for these eventualities, you may have one less thing to worry about. No one wants the added stress of being without transportation when they are recovering from an injury.

Let us help you find out more!

The entire team here at Precision Insurance Team wants to help you find the auto policy that meets your unique needs. If you are in the greater Mesa, AZ area and would like to learn more about your auto insurance options, give us a call today and learn more!

3 Mistakes to Avoid When Buying Home Insurance

Buying home insurance can be a nerve-wracking endeavor. There are plenty of things to consider, and you want to make sure that you’re getting the right coverage. At the Precision Insurance Team, we know that Mesa, AZ residents want to avoid insurance mistakes. Here are three of the most common ones you should avoid. 

Buying the Wrong Coverage Amount

Arizona may not require homeowner’s insurance, but that doesn’t mean you won’t need it anyway. Your bank or mortgage company might require it, even if the state doesn’t. When these institutions do require proof of insurance, a lot of homeowners choose the bare minimum policy. Unfortunately, that policy may not be enough. When disaster strikes, many of these homeowners spend a lot of money out of pocket. 

Forgetting Rebuilding Costs

Some homeowners forget the cost of rebuilding when they buy home insurance. They think about the overall value of their home instead. Of course, the cost of your home does matter. However, the cost of rebuilding your home may be different than your home’s market value. When it comes to insurance, rebuilding costs matter most. Think about these costs before you purchase your policy. 

Not Asking Questions

Just like with any major purchase, you should do your research when you buy home insurance. A lot of new homeowners don’t do that. They buy the first policy they find without giving it a second thought. Don’t make this mistake. Your insurance agent should be more than willing to answer your questions. If you’re curious about your coverage options, just ask. 

And if you live in Mesa, AZ and want to discuss home insurance, the Precision Insurance Team is more than happy to answer your questions. Get in touch with us today to discuss your options. 

What Type of Protection Does the Typical Home Insurance Policy Offer?

If you own a home in Arizona, you are going to need home insurance. However, you need to be familiar with what your insurance policy covers. The professionals at Precision Insurance Team, an insurance company that serves the residents of Mesa, AZ, understand that a lot of homeowners don’t understand what is and isn’t covered until it is too late, which means a loss has already occurred.

So, What Does Homeowner’s Insurance Cover?

As a general rule, homeowner’s insurance will cover any kind of damage that occurs as a result of thunderstorms, hail, lightning, theft, and vandalism. Any kind of damage your home sustains due to a flood or earthquake is typically not covered. However, you can protect yourself and your home from this type of damage by purchasing additional and separate coverage.

What Type of Coverage Is Offered by Homeowner’s Insurance Coverage?

In the event that you do sustain damage from one of the covered events outlined in your policy, what kind of coverage can you expect?

Dwelling Coverage

This type of coverage will pay to either repair or rebuild everything in your home. Because these costs can be exorbitant, you need to sit down with an insurance agent to make certain you have the proper coverage limits to repair/rebuild your property.

Additional Structures Coverage

This type of coverage pays to repair or replace other structures on your property, such as a detached garage or shed.

Personal Property Coverage

This type of coverage covers your personal property up to a certain amount in the event it’s damaged or destroyed in a policy covered event.

Liability Coverage

This type of coverage covers your personal property and will cover legal defense costs in the event legal action is taken against you after someone is hurt on your property.

Loss of Use Coverage

This type of coverage covers your living expenses in the event you must stay somewhere else, such as a hotel, while your home is being repaired or rebuilt.

Visit or call Precision Insurance Team to learn more about homeowner’s insurance and what options are available to Mesa, AZ homeowners.

Auto Insurance Myths Every Driver Should Know About

Buying auto insurance can be quite complicated, especially if it’s your first time. Your decision-making process can easily be clouded by long-standing myths about how auto insurance works. At the Precision Insurance Team, we recommend getting the right information from insurance professionals to differentiate between facts and myths and avoid making wrong decisions when purchasing the policy. With that said, here are the top myths every driver in Mesa, AZ should know about.

Myth 1: Red cars are expensive to insure

The color of your car has nothing to do with your insurance rates. Your insurance company will only ask for critical details about the vehicle, such as the make, model, engine size, year, and body type. Your driving record is also an essential consideration, as well as your address.

Myth 2: If you let someone drive your car, their policy will cover damage if there is an accident 

Your insurance follows the car, not the driver. Anyone who drives your vehicle with your permission is part of your car insurance. If they are involved in an accident, your policy will pay for the damages and injuries.

Myth 3: It is more expensive to buy auto insurance when you’re older

Quite the opposite; older drivers are considered mature and more experienced than young drivers. Older drivers are also eligible for discounts depending on their health, experience, and performance on their accident prevention course. Older drivers are less busy, which means they drive less compared to young or new drivers.

Myth 4: High tech features on your car mean lower premiums

Not always the case. Some features such as a GPS that helps locate a stolen car may reduce your premiums, while some may increase. Adding highly advanced features to your vehicle can be expensive to replace or repair, which may automatically increase your premiums. 

Looking to buy auto insurance in Mesa, AZ? The Precision Insurance Team can help take you through the entire process.  Contact us for more information, queries, or new policy discussions.

Renter’s insurance in Mesa AZ just makes sense these days

Renters should be just as concerned as homeowners about protecting their property from any potential damage or theft that could occur while they are staying there. Mesa, AZ residents are starting to take a closer look at this as they look for ways to bring a sense of calm in an uncertain world. 

The Precision Insurance Team not only offers renter’s insurance, but it is one of the types that they specialize in. They realized some time back that Arizona residents and many others were highly interested in finding ways to protect the assets that they do have in the midst of issues with rising property crime and more extreme weather. Mesa, AZ is an area that has seen an influx of new residents moving in, and that can often contribute to escalating problems with crime and other displacement issues. Therefore, the only way that renters can rest assured that they will be okay in their place is to own a renter’s insurance policy. 

The policies are highly affordable as they generally just cover liability for items stolen from within the property as well as certain types of damage. It is expected for the most part that the property owner will take care of covering most of the possibilities of physical damage with policies of their own. Thus, the renter is off the hook so to speak with how much they legitimately need to cover via their renter’s insurance policy. It is mostly just about making sure they protect the things that they personally own that are inside of that property. 

If you are in Mesa, AZ and would like a little more peace of mind to go with the property that you rent, then now is the time to look to the Precision Insurance Team to help you out with that. 

Why Every Homeowner Needs Home Insurance

If you own a home, you most likely are required to have home insurance by your lender. However, even if this policy is not required of you, you still need to have one in place and keep it up for as long as you own the home. To get started, give us a call at Precision Insurance Team in Mesa, AZ. 

Protecting Your Home

When you have a home insurance policy, it protects you in case your home is damaged or destroyed. The policy has a long list of covered accidents and disasters that can and do damage homes. If your incident is one of the covered ones, you can have the repairs or rebuild paid for by the policy. Without home insurance, you would have to come up with all of the money for the repairs, and this could send you deep into debt. 

Covering Your Possessions

Also included in your home policy is coverage for all of your belongings that are inside your home. A serious incident that causes a lot of damage to the home may also cause a lot of damage to your things. It can be exceptionally expensive to get everything replaced after it’s ruined. But, with home insurance, the cost of replacing everything comes from the policy and not from your pocket. 

Accident Liability

Yet another portion of your home insurance is devoted to liability coverage. If someone came into your home and then was injured there, you may be liable for expenses such as their medical bills and lost wages. Your liability coverage takes care of these costs so that you aren’t likely to be sued. 

Cover Your Home

If you don’t yet have a home insurance policy, it’s time to remedy that problem. Call us at Precision Insurance Team in Mesa, AZ.

Servicing States

  • Arizona

Why Work With Us?

  • Locally owned and operated
  • Works with multiple carriers
  • Combines policies for best rates
  • Customer friendly services
  • Print out your auto ID cards from home, anytime!

Partner Carriers

  • MetLife
  • Openly
  • Safeco
  • Travelers