If you own your own home, you have put a lot of time, money, and effort into it – a lot of “sweat equity,” as it’s known. Your home is probably filled with pricey electronics and furniture too, as well as valuables. You might have a fence, or even a shed or detached garage.
And it only takes one catastrophic thunderstorm, tornado, or hurricane to destroy it all. That sounds melodramatic, but even the cheapest homeowners insurance Florida residents can get will cover most things according to https://floridainsurancequotes.net/home-insurance/cheapest-home-insurance-in-florida/. A standard homeowners policy covers three major points: Other Structures, Dwelling, Personal Property, and sometimes Medical Coverage for Others. We’ll look at these point by point, then we’ll look at what homeowners insurance plans don’t cover.
Other Structures coverage handles just that: Structures that are on your property but are not part of, or attached to, the main house. This includes fencing and detached structures like sheds, but not garages or porches that are attached to the home. Those generally fall under the Dwelling coverage, which provides coverage for the entire house. Personal Property coverage pertains to possessions within the home that are not attached to the building, such as furniture and valuables.
Even the cheapest homeowners insurance Florida proprietors are likely to find should cover those major points. Some go the extra mile, providing Medical Coverage for Others, which helps pay the medical bills for anyone outside of the plan who is injured while on the property.
Keep in mind that all of these plans have limits to their coverage, but you can usually get extended coverage, which raises those limits. Damages from floods and earthquakes are not covered by standard HO insurance plans. Also, while Personal Property coverage includes theft and vandalism, and even things like a comic book and video game collections, very valuable items are unlikely to be covered to the extent you need.
Ask your agent about extended coverage, options and add-ons, and other policies. You may receive a discount when you get additional policies but, particularly when it applies to things like flood insurance in the Sunshine State, the extra few dollars you’ll spend is well worth it.
The cheapest homeowners insurance Florida residents get at https://floridainsurancequotes.net/florida-homeowners-insurance/ covers a lot of ground, so to speak, but also leaves out some important coverages you are likely to need. Ask your agent about flood insurance and separate policies for any high-priced possessions you own.