Basic Features of Your Florida Homeowners Insurance

Basic Features of Your Florida Homeowners Insurance

A basic homeowner insurance policy in Florida include the potential risks such as fire, lighting, smoke damage, storm or hail damage, and from volcanic eruptions, explosions, damage to a vehicle or aircraft, falling objects, damage from electrical surges, water damage from plumbing, vandalism, theft , or riots.

This is a standard policy and does not cover personal property damage that is everything inside the house such as furniture, clothes, jewelry, and can include appliances. A comprehensive policy will cover personal property damage, among other things, that a basic homeowners insurance does not. A standard policy does not cover all potential hazards such as expansive soils, landslides and hurricanes. For example, if you live in an area exposed to earthquakes and floods, it would be wise to have a policy that covers these items. Or if you live in an area where it snows heavily, you should consider a policy that includes coverage for damage caused by freezing pipes or damage caused by the weight of snow or ice.

Personal Injury Coverage

Another important opportunity for a comprehensive Florida home insurance policy provides the liability insurance that provides coverage for injury. This protects you in case someone is injured on your property because of an accident. It also includes coverage of their medical payments, regardless of who is to blame and protects you and your family from liability lawsuits.

Condo Insurance

There are also policies for condominium owners. Find out what your association covers before deciding on a policy. Typically, but not always, a condominium association policy cover the common areas, liability insurance for the Association and outside the structure of your home. This means that you are responsible for the rest. Everything inside the exterior, including the walls are your responsibility. For example, your water heater leaks and damage your floors if you are responsible. Make sure your homeowner's policy has you completely covered.

Policy Exclusions

All homeowner's insurance are exceptions. Look at the exclusion statement before you sign on the dotted line. Make the correct decision depends on the type of coverage you need and where your home is located in Florida. Research and educate yourself with different types of policies available to make an informed decision. Ask questions and shop around to find the best Florida home insurance policy that works for you. Arm you with information and be ready when it comes to getting insurance for your new home. You protect your assets and the right policy will make it less stressful and give you peace of mind you deserve.