Arizona State University: Does covering only the mortgage balance necessarily provide enough homeowners coverage?
DIRECT ANSWER
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts.
No. DIFI says a lender’s required amount may be too little or too much for the owner’s circumstances; rebuilding-cost coverage must be evaluated separately.
Sources & verification
- difi.az.gov source-backed-recovered-record
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