When an accident happens and results in damage to your home or personal property, you don’t want to be caught in a situation where your homeowners insurance won’t cover the costs. Read your homeowners insurance policy carefully. It is important to know what type of insurance you need, what your policy covers, and what it doesn’t. The time to read over your homeowners policy is before tragedy strikes, not after. Living in Florida, there are certain types of coverage you want to be sure your policy includes. Here is an informational guide for what type of homeowners insurance Florida residents need.
Homeowners Insurance FL
Homeowners insurance Florida residents need to have will include these types of coverages according to https://floridainsurancequotes.net/florida-homeowners-insurance/. First, Personal Liability Protection. This type of coverage protects not only your home but also yourself, along with anyone else inside of your home when the damage occurs. If a guest sustains an injury while on your property, you may be held liable and therefore need proper protection to ensure cover the damage of another person and their personal property. Actual Cash Value. This homeowners insurance policy allows for actual cash value reimbursement of belongings that were lost, damaged, or stolen. So, be sure to keep records and receipts of your valuables in a safe place.
Additional Living Expenses. While repairs are being done to your home after a natural disaster or accident, you may need to arrange other accommodations for yourself and your household. The additional living expenses you incur due to “loss of use” of your home during repairs are covered under this policy. When living in the state of Florida, your home is susceptible to dangerous weather conditions like strong winds, hurricanes, and heavy rain. Fortunately, there are certain policies in homeowners insurance Florida residents can include to protect homes from these natural disasters.
FL Flood Policy
When heavy rain hits, sometimes this may cause a flood in your home and result in water damage. If your policy carries a flood-exclusion clause, this means the insurance company will not pay to repair your home or replace belongings that were damaged by flood water. It is strongly recommended that you purchase this type of policy by https://floridainsurancequotes.net/florida-homeowners-insurance/.
Some homeowners insurance Florida residents have may include wind damage coverage according to https://floridainsurancequotes.net/florida-homeowners-insurance/. But another reason why it is important to read your insurance policy thoroughly is that even if the policy covers wind damage, some exclusions may apply. A typical windstorm policy might include roof damage, shattered windows, and even rainwater entering your home because of a shattered window or damaged roof. However, here is where it gets sticky. How and what caused the water damage to enter your home can be a point of contention. If water damage is found to be a result of a flood and not the wind and you don’t have flood insurance, then the damage isn’t covered. That’s why Florida residents should have a homeowners insurance policy with comprehensive windstorm and flood coverage.