If you drive a car or own a home, you know that insurance is a requirement both with the state of Arizona and those that hold your loan (either car loan or mortgage). But does having only the “required” coverage make you feel safe leaving your home on vacation, or driving your car?

Here are a few things you should know about the average insurance policy and whether it’s enough coverage for you:

Whether a car accident is your fault or not, you can be sued by the others involved in the accident. Consider the assets you own (home, car, stocks, etc.) and then determine how much coverage is enough for you. The same concerns hold true with your properties. An incident at your home could also leave you in a vulnerable position.

Minimum state requirements may not be sufficient for repairing your car in the case of an accident. Consider how many uninsured drivers are on the road. When determining insurance coverage, think about the possibility of needing to cover car repairs, even when the situation may not be your fault.

Insurance on your home may not cover every possible natural disaster and human error. Find out what your insurance does cover and then consider any other possible scenarios that may keep you from covering all your bases. Flood damage and earthquake insurance may need to be purchased separately.

Not all Arizona insurance policies will cover the assets in your home. Others will cover everything from jewelry to electronics. Determine what you want covered and make sure it’s included in your policy. Take note that home offices are not typically covered in a homeowners insurance policy.

With car insurance, a claim could be denied if the insurer finds the policy holder to be reckless or the car to be poorly maintained, in which case, you’ll be paying out of pocket.

In all reality, there are dozens of little nuances and details about insurance that are sometimes difficult to follow. Shopping for insurance can be confusing, especially when you’re not even sure what coverage you need.

That’s why we’re here to help you find the best policies at the best premiums. Why not give our team a chance to find the best policy for you?