Homeowner policies will differ on where you live, the valuables in the home, and which coverages you choose. A comprehensive plan will cover you financially if you have a loss due to fire, theft or other events, and if someone is injured on your property.
Homeowners insurance coverages:
- Property Coverage – to pay for repairs to your home, garage or other buildings that are damaged.
- Personal Property – if you have a loss of valuables in your home like jewelry, electronics, or guns due to theft or damage.
- Liability – this will cover if there is a claim when someone is injured, or their property is damaged.
- Medical Expenses – this would be medical coverage for someone that is injured, other than a resident, on your property.
- Living Expenses – if you have a complete loss, you may need extra temporary housing or food when you’re forced from your home.
Since standard home insurance doesn’t cover flooding, it’s important to have protection from floods associated with hurricanes, tropical storms, heavy rains and other conditions that impact the U.S. According to FEMA and national flood insurance program, flooding is the most common natural disaster in the United States, affecting every region and state, including Florida.
No home in Florida is completely safe from potential flooding devastation—Why Risk It?
- Flooding that occurs during hurricanes is not covered under your homeowners policy; its covered under flood insurance policy.
- Flood damage is not typically covered by home insurance.
- It is more common for home to sustain flood damage than fire damage.
- The damage from just one inch of flood water can cost more than $20,000.
- 20% of flood damage occurs to properties located in low-risk zones, per FEMA.
- While there are low-risk flood areas, there is no such thing as a No-Risk Flood Zone
Types of Homeowner Policy options include:
- Beach Homes
- High-Value Homes
- Rental Dwelling
- Secondary Residences
- Vacation Homes
- Fire Policies
- Jewelry, artwork, etc