HOMEOWNERS INSURANCE

 What is homeowners insurance?

Homeowners insurance coverage is an important responsibility of owning a home, as it adds a layer of financial protection for what may be you and your family's biggest investment. There are different kinds of homeowners insurance policies, so it's important to understand what homeowners insurance is and how a homeowners policy actually works.

Why do you need homeowners insurance coverage?

For one thing, you probably can't buy a house without it. (Most mortgage holders require you to have it.) But honestly—why wouldn't you want homeowners insurance? Your home is one of your largest investments. Makes sense to protect it, doesn't it?

When you're looking for homeowners insurance, you're looking for a policy that's just right. A townhouse needs different coverage than a single family home. Our Insurance Agency makes available a wide range of coverage options. Find out what's best for you with a free home insurance quote, or call (305) 521-3870 to discuss your options with one of our licensed insurance agents.

How does homeowners insurance work?

Fire, theft, accidents, hurricanes. These are the kinds of threats that might cause you to lose sleep, if you didn't have the protection of homeowners insurance coverage. Fortunately, a homeowners policy will cover damage to your home and personal property due to a variety of causes (called "named perils" in insurance lingo). The personal liability portion of a homeowners policy provides coverage, for example if somebody slips down your steps on a rainy day and injures himself.

What does homeowners insurance cover?

Each homeowners insurance policy offers different protection, but standard policies usually provide:

Broad coverage for damage to your house and any permanent structures on your property (unless the cause of the damage is specifically excluded in your policy).

Damage to your personal property due to causes specified in your policy. (It's those "named perils" again!)

Limited coverage—usually $500 - $2,000—for jewelry stolen from your home. (Most policies don't cover lost jewelry.) If you need greater coverage  for your prized collection, you might need a homeowners policy endorsement (called inland marine.)

Coverage for personal liability exposures that arise from being a homeowner.

Coverage for additional costs you might incur because of a covered loss (for example, if you need to temporarily live elsewhere if a fire makes your home uninhabitable).

Have more questions? Call (305) 521-3870 to speak to an agent.

What kind of homeowners insurance should I choose?

That's a lot like asking, "Which house should I buy?" It all depends on your personal circumstances.

Do you live in a single-family home?

You probably need a standard homeowners insurance policy.

Do you live in a condo or co-op?

You need a different type of policy. 

Do you own a home and rent it to others?

You'll need special coverage—either a dwelling fire policy or a commercial property policy