9133 S Monroe Plaza Way Suite B
Sandy, UT 84070
Protect your family home and belongings with a homeowner’s insurance policy that’s tailored to your lifestyle. Few things in life are more difficult than suddenly being displaced, but a well-constructed policy will rebuild your home, replace your personal items, and give you additional money for expenses you hadn’t planned on. To learn more, click the helpful links below and call the professionals at Wasatch Preferred for an honest coverage review and competitive rates.
$500,000 This part of your policy pays for the repair or replacement of your residence for damage caused by a covered loss. Most homeowner policies pay for all causes of loss unless specifically excluded in the policy. Earthquake and Flood are not part of a homeowner’s policy and must be added for coverage to apply. Other coverages can also be easily endorsed to a homeowner’s policy such as Backup of Sewer and Drains, and Identity Theft Protection. (Other Structures, Personal Property Coverage, and sometimes Additional Living Expense are typically calculated as a percentage of the Dwelling coverage, at 10%, 70%, and 30%, respectively).
$50,000 Other Structures are man-made structures on your premises that are not part of your residence, such as fences, walls, sheds, gazebos and sport courts. Other Structures are usually covered at 10% of the Dwelling amount.
$350,000 This pays for the contents you own in your home which includes your clothing, electronics, furnishings, and other belongings that aren’t permanently affixed to your house. Make certain to have Replacement Coverage on your contents, rather Actual Cash Value (ACV). Replacement Coverage repairs or replaces the item with like kind and quality, whereas ACV gives you only the depreciated value for your items. Personal Property coverage is typically covered at 70% of the Dwelling amount.
$150,000 or 12 months This coverage pays for additional expenses you incur when you are displaced after a covered loss for housing, food, and transportation, to name a few. For example, eating more meals in restaurants rather than at home, having clothing items taken to the cleaners, and possibly driving further to work each day could significantly increase your monthly cash flow. Policies vary widely on the amount allotted from 10% to 30% of the Dwelling coverage, to a period of time, rather than a dollar amount.
Liability coverage on your home, as with your auto and other insurance policies, pays for the other party’s medical expenses, but it’s also designed to protect your net worth (assets - debt =net worth) in a lawsuit, so it’s important to have enough coverage and a good idea to keep Liability Limits relatively consistent between policies. Lawsuits can occur from dog bites, to slip and fall injuries, and many other causes. If your net worth is substantial, consider adding a Personal Umbrella Policy of $1,000,000 to $10,000,000, depending on your need, that will extend the policy limits on all your underlying policies—auto, home, boat, etc.
$5,000 This part of your policy covers the medical expenses of others if they are injured on your property. It differs from Liability coverage in that unlike Liability, Medical Payments (sometimes called Guest Medical) doesn’t involve a lawsuit.
$20,000 (for example) Personal Property (Coverage C) listed above covers the contents of your home, but certain items have coverage limits unless they are Scheduled on your policy. Some belongings such as jewelry, watches, furs, silverware, fire arms, and other items can be Scheduled to increase protection in three ways. First, it allows you to insure each item for its full value rather than for only the limit shown on the policy. Second, Scheduling an item eliminates the deductible, whereas Unscheduled items are subject to your home insurance deductible. Third, Scheduling broadens the coverage to include “mysterious disappearance” meaning you may not know how an item came to be missing. For example, diamonds fall out of rings and watches get misplaced, but under your Personal Property (Coverage C) there must be a known cause of loss, however, Scheduled items have broader coverage.
Earthquake Insurance. Homeowner’s policies protect against most losses, but unless earthquake coverage is added to your policy, there is no coverage for earthquake damage. The cost of earthquake insurance varies widely by state and is often endorsed onto your homeowner’s policy, so if you have a mortgage it will all be handled through your escrow account. Earthquake policies usually come with deductibles of 5-10% of your dwelling (Coverage A on your policy), so if your home is insured for $500,000, you’ll have a deductible of $25,000 to $50,000. Although that’s a significant amount of money, your home will be rebuilt, your belongings will be replaced, and in some cases, other structures on your property will be rebuilt. Aftershocks are considered all part of the quake for 3 to 7 days, depending on the insurance company.
Government Assistance. Unlike insurance, government assistance programs are design to help you get partly back on your feet, not replace what you’ve lost. For aid to be available from the federal government, the president must determine the damage is severe enough and widespread enough to declare the area a disaster. Then, the Federal Emergency Management Agency (FEMA) can begin allocating aid and the Small Business Administration (SBA) and others can offer low-interest loans to those who qualify. Many people can’t qualify for a sizable loan in addition to their mortgage, but those who can should be aware that the government enforces maximum limits, which may be far less than the amount needed to rebuild your home. Those who don’t qualify for a loan can apply for a small grant from FEMA for repairs or assistance for additional living expenses. The maximum grant allowed through FEMA is fraction of the loans offered.
Like most things in life, it’s better to plan ahead rather than hope for a bailout later. Wasatch Preferred recommends each client evaluate their financial ability to recover from a disaster when it happens and choose the best course of action for their circumstances. One caveat as you evaluate—be realistic, don’t minimize the risk or ignore it. Consider carefully what an earthquake disaster would do to your net worth, your retirement plans and your overall financially stability. A relatively small premium now may be a much better option than shouldering the entire loss yourself later. For more answers about earthquake and other types of insurance, call us today.
Your home may be your most important asset, and we can help protect it. For all home insurance, including flood coverage, call an agent at Wasatch Preferred today!
"When we refinanced our home in 2013 we were introduced to Wasatch Preferred for help in setting up a homeowner’s insurance policy. Needless to say, we were able to switch our homeowners and auto policies to a fantastic insurance company that we have been so impressed with. Not only are our rates extremely reasonable but when we had to work through a claim because of a car accident, Wasatch Preferred answered every question and handled the situation with what I call personalized professionalism. Working with them has brought us peace of mind with our insurance needs and we recommend Wasatch Preferred every chance we get."
"After many years of being frustrated with auto insurance companies it has been refreshing to find Wasatch Preferred. They are able to work quickly and effectively to find the best rates and guide us into the right policies. We have referred many family members and friends to them and they have all been pleasantly surprised to find the same satisfaction. Thank you for providing such a helpful and needed service."
"We have been clients at Wasatch for several years and have received nothing but the best service from them!! Each person involved at Wasatch is so very nice and very willing to do whatever to help the client!!"
"It has been a pleasure having our home, and multiple cars insured with Wasatch Preferred! I feel like we are in very good hands, and they have always been so courteous and thoughtful, taking care of our needs and answering any questions we might have promptly, as well as always finding us the best rates and coverage available to meet our needs. I cannot think of any other agency I would rather do business with. Thank you again for your wonderful care!"
"The Wasatch Preferred team has been my preferred insurance agency for years. Their service, knowledge, products and highly competitive pricing make them perhaps the best out there. Everything from a quote, to actual set up, payment and claims is hassle free and I know it’s done by an agency I can trust and has my back, and that, to me, makes Wasatch Preferred the best insurance agency in the Valley."
"The Wasatch Preferred team is always quick to respond with any questions or concerns I have with my policies. They've always been willing to research various questions I've had about expanding or adding coverage. Their customer service is outstanding!"
"I have used Wasatch Preferred for several years, both personally and professionally. I refer all my clients to them as well as any friends and family. Their rates and service are the best around!"
"I think I speak for both my wife and me when I say our coverage and experience with Wasatch Preferred has been nothing short of exceptional. They have always taken care of our request right away and follow up with us. We have and will continue to recommend Wasatch Preferred to anyone."
"Wasatch Preferred is a very proactive insurance agency. I am honored to have them represent me. They keep me updated on the best policies and prices for my needs. Their customer service is extraordinary. Wasatch Preferred is tops in the industry!"
"Wasatch Preferred is terrific to work with. As a mortgage professional, they have helped me personally for the past 10 years and several of my clients with coverage on their home purchase. They are very competitive in both auto and homeowners policies and truly care about knowing the needs of their customers so they can give them the coverage they need."
"I have been very pleased with the service offered to me through Wasatch Preferred. As far as I'm concerned, an insurance company is only as good as the agency who represents you and I have always felt that they are in my corner. When I call, they know who I am and a friendly conversation often ensues. They make me feel like I'm part of the family. I feel like I can trust them and that gives me peace of mind. I would, and have, recommended them to others and they have been satisfied as well."
"We chose Wasatch Preferred on the advice of our investment adviser and have been very pleased with the results. We feel we get a personal touch that was not there with our previous insurance. Wasatch Preferred covers all our needs from autos to farm ground."
"I have recently started a business and counted on Wasatch Preferred’s capabilities to provide the coverage needed. I knew I could count on their knowledge and expertise to expedite the process which would allow me the opportunity to concentrate on my start-up. Mark and his staff are prompt in responding to both phone calls and emails, and I’ve honestly come to count him amongst my friends."
"I was introduced to Wasatch Preferred when purchasing my house. They did an excellent job for me so when it was time to renew my auto insurance I gave them the information on the cars and drivers and they were able to move all our vehicles to great insurance company at an excellent rate. Our family has enjoyed working with Wasatch Preferred and hope to continue to do so in the future."
"Our experience with Wasatch Preferred has been very positive. We enjoy working with them and have referred a couple of others to them. One of these referrals said they saved her financial life and allowed her to sleep at night because she was so under-insured with her other company, it would have been a disaster if something had happened."
"What I appreciate most is that Wasatch Preferred is concerned about protecting what we have worked so hard for in our business; protecting our investment, family, and well-being. This had never been more clear to me than when my mother was recently involved in a head on collision caused by an uninsured motorist that was charged with a DUI. The realization that you don't necessarily have to do anything wrong to be devastated overnight."
"Wasatch Preferred consistently goes above and beyond. Never before have I had an insurance company, let alone an agency, consistently and proactively work with me to ensure I had the best coverage at the best rates. With over 30 years of dealing with large and small insurance companies, Wasatch Preferred has done what other companies only hope for, be a partner and my go-to person for those mishaps. It is a tremendous feeling to know that when the accidents happen, and we have had our share over the years, we can depend on Wasatch Preferred and Auto Owners to respond quickly and efficiently."
"When purchasing our home in Sundance, Utah, 4 years ago, we had to find an insurer who would assume the risk of wildfire at a reasonable rate. Wasatch Preferred was invaluable! We were so impressed with Wasatch Preferred that we transferred all of our policies including Auto and Umbrella coverage."
"Wasatch Preferred is our place to go for insurance. Through over a decade they have assisted us with our insurance needs and we couldn't be happier. When we have had a claim, they have been there to answer questions and assist us through the process of what to do and where to go. We strongly recommend the personal customer service of Wasatch Preferred."
"Wasatch Preferred currently assists us with our auto, home, and umbrella insurance needs and we couldn’t be happier. They are very knowledgeable, friendly, supportive, and prompt in answering questions, providing information, and making requested changes to policies. We highly recommend Wasatch Preferred."
"We have been very happy with the service that we have received from Wasatch Preferred. Those helping us have always been very attentive and helped us figure out the options that would be best for our family."
"I was recommended to Wasatch Preferred via a colleague several years ago. I had only one incident which was pretty major—a flood in my house that affected three floors. I immediately called Wasatch Preferred and they recommended an emergency service and worked with them and the contractor, from start to finish to resolve any issues. The process went very well with their help, taking most of the stress off of me. It was much appreciated. Needless to say, Wasatch Preferred has a customer for life."
"To be honest, it's rare to find a good insurance company to work with. Most of the time all of the reviews tear them apart or people end up going to war with the insurance company over a claim. This is not the case with Wasatch Preferred. They have been nothing but helpful and genuine and we're excited to continue working with them for our insurance needs!"
"Wasatch Preferred was able to find us better insurance coverage for equal or less than what we were paying for with our previous insurance. We have had less hassles with some minor claims as well. Thank you!"
"After undergoing an excruciating claim process with a national insurance company I had for over thirty years I needed to make a change. I was changing financial advisors at the time and they recommended Wasatch Preferred. The move to my new financial advisor and over to Wasatch Preferred have been the two of my best moves in the last 30 plus years. Wasatch Preferred got me superior insurance at a lesser price. They are always willing to make appointments and go over policies. All questions are resolved within hours of my request."
"Recently Wasatch Preferred was able to review our policies for our home and automobiles and made some great recommendations and identified some areas where we were exposed to risk. They were also able to adjust our policies in a way that made sense for our family and helped increase our coverage while saving us some money, and obtain an umbrella policy for our family that gives us added peace of mind. Wasatch Preferred is great at ensuring we’re not "over-insured" and reviews our policies on a regular basis to ensure we get the best bang for our insurance dollar."
"Wasatch Preferred was great at finding us a competitive insurance option that was a better price and coverage than what we had before. We enjoy working with them and they made the transition simple!"
"Wasatch Preferred has been a great company to work with. I feel comfortable calling with questions and concerns and always know I will be taken care of in a professional and friendly manner."
"I have been insured with Wasatch Preferred for many years. I appreciate that I can call and speak with someone at any time and they are always happy to take my call. I always feel valued as a client."
"The staff at Wasatch Preferred were super in getting me transferred from my old insurance company to Wasatch Preferred. The process was effortless and saved me a lot of money. I really enjoy the first class customer service that they provide."
"My experience with the staff at Wasatch Preferred has been the best. My claim was handled quickly and I was able to replace the car without any problems. Even though I don't always talk to the owner, the staff is knowledgeable and will not speculate on an answer without researching first. This is the best experience I've had with an insurance agency."
"Wasatch Preferred is great to work with. They were able to cut my auto insurance in half and also obtained an excellent rate on my homeowner’s insurance as well. They understand the insurance business and are very knowledgeable about the many different coverages and options that are out there. I would definitely recommend Wasatch Preferred to any of my friends and family."
"We appreciate the personal service we have had from Wasatch Preferred. They have helped us to save money and have adequate coverage for our needs. They are attentive and helpful."
"We have been with Wasatch Preferred for six years providing us with homeowner, vehicle and life insurance. They have always been great to work with. They are always available, have answers to our questions and helped us through the claims."
"We have been treated with a great deal of care when it comes to our auto insurance with Wasatch Preferred. Whenever we have any questions or need help with something specific, we are ALWAYS taken care of. The team at Wasatch Preferred has always eased the stresses of auto insurance for us and that's what keeps us a part of the family."
"Several years ago we were we were looking for a change from a big, impersonal insurance company and call center we had dealt with for 5-plus years. Wasatch Preferred not only saved us money, but we are now firm believers that there is nothing better than picking up the phone and being able to talk with your own, personal insurance agent. Period. The staff at Wasatch Preferred not only provides insurance products that save us money, but more importantly they are readily available to provide valued personal service."
"The team at Wasatch Preferred is always helpful, kind and quick to respond to any type of inquiry. Our family has had our auto, home, and life insurance with them for over 10 yrs and we have always been happy with the quality of service we have received."
"The people at Wasatch Preferred have been helping us with our insurance needs for over 10 years. They are always professional and honest. They understand our needs and get us the appropriate insurance. I highly recommend them."
"We are very happy with our insurance; working with Wasatch Preferred is a pleasure. When other insurance companies call I just tell them no thanks I'm happy with our insurance. Wasatch Preferred is always on top of things and are ready to help us when we need anything. Thanks for being a great agency and very personable."
"We have had a great experience having Wasatch Preferred as our insurance agency. They have been very helpful in addressing all of our concerns and answering all of our questions. I appreciate that the staff is always so quick to respond whenever we have had to contact them."
"We have loved using Wasatch Preferred. They have always been very helpful, professional and reliable. We plan to stay with them, and would recommend them to anyone."
"We switched to Wasatch Preferred as a result of financial and estate planning. Not only is our insurance less expensive, but every email or telephone call is personal and responsive. They take an interest in what we are up to each year. We never feel pressured by new products and services."
"Wasatch Preferred is an outstanding agency. They know clients by first names and treat us like family. Their expertise has helped me purchase policies which best meet my needs and they are willing to go over and above the norm in working to get claims paid efficiently."
"I was referred to Wasatch Preferred by a fellow contractor who said that I should consider them as the service was great and the premiums were very competitive. I found this to be very true. Prices are very fair and the service and follow-up are just what you'd expect. I would refer them to anyone looking for business insurance."
"Our experience with Wasatch Preferred has been wonderful. Each time I receive a quote from another insurance agency that looks competitive; I discover that our rates are already lower. Wasatch Preferred has been fabulous about responding to questions or issues rapidly, and is always willing to jump in to help no matter what. Even helping me find coverage for a property out of state! We would recommend Wasatch Preferred!"
"We had been a loyal GEICO customers for many years, Wasatch Preferred was able to help us get better coverage at a better cost. It was a no-brainer."
"We are very happy with Wasatch Preferred as they have cut our expenses for insurances at least 25%. In addition to that, the insurance company they have chosen for us is very pleasant to deal with."
"I have been more than pleased with the service at Wasatch Preferred. I just became a new client as of January, 2014. Not only did I have a water pipe break in my home but I had an auto accident this last year. The insurance company has been great to work with."
"Wasatch Preferred was recommended by a friend who told us we could get good insurance for a good price so we called. They hooked us up with Auto-Owners and we purchased new home owners insurance as well as auto and some life insurance. The overall price was lower than what we were paying even before our premiums increased with the other insurance company. The coverage was the same and the few claims that we have made have been paid quickly and without any heartburn. We are happy with everything Wasatch Preferred is giving us and we recommend them to everyone that is looking for insurance."
"Wasatch Preferred is a great agency. I really appreciate the focus on customer service they provide. It is very reassuring knowing that your issues are being addressed in a timely fashion. Especially in the online world we live in today."
"I have been a client of Wasatch Preferred insurance for several years now and have discovered what an "Insurance Agency" should really be like. They have always been there when I need them; they have constructive ideas and are most willing to listen to my needs and suggestions. Having been recently "rear-ended" by another driver I had first-hand experience of how rapidly they put the wheels (no pun) in motion to have the liable party accept the responsibility quickly and get the medical and repair folks moving without delay. Great service and nice people."
"I had home and auto policies with another agency for over 10 years and was happy with their service. When I bought a new home a couple years ago, my mortgage broker recommended Wasatch Preferred and for the first time ever, someone was able to find identical policies for me at significantly lower rates. So far, knock on wood, I haven't had to make any claims but in every interaction I've had with Wasatch Preferred, they’ve been responsive, friendly, attentive, and helpful!"
"In my business it is critical that I am properly covered. When I had a shortfall, Wasatch Preferred notified me. In one case it involved a policy with a national bank. In another, it involved a case where it turned out I had insufficient insurance for a ski rental I owned. Wasatch Preferred will go out of their way to make certain you’re properly insured."
"Wasatch Preferred is efficient, thoughtful, helpful, and willing to take the time needed to assure my business needs are met. I'm very satisfied by the professionalism and ethics from this team!"
"I'm here because Wasatch Preferred is the best agency we've ever had. We've been so impressed with his quick response to questions and service that we have our home and auto coverage with Wasatch Preferred. It's a relationship we plan to continue. Thank you for being there every time we need you."
"My wife and I have been insured through Wasatch Preferred for over three years. Throughout this time we have been serviced very competently and professionally through claims, billing issues, and the complexities of the insurance industry. In every case, we were reinforced by having an actual "live" agent available when needed. We would recommend Wasatch Preferred without hesitation to anyone looking for insurance."