FAQ’s

  • WHAT IS HOMEOWNERS INSURANCE?

    Homeowners insurance is an insurance policy that protects you financially in the event that your home and property is damaged in a covered peril, or in the event of a covered lawsuit. Perils that are typically covered by a standard home insurance policy include fire, wind, lightning, hail and theft. While no one plans on losing their home or possessions to any of these perils, it unfortunately happens every day. Ask yourself this: If your home was ever destroyed in a fire, for example, how would you pay to rebuild your home? That's where your homeowners insurance comes in. Homeowners insurance protects the investment you have made in your home by providing you with coverage for specific hazards. But your home insurance doesn't stop there. In the event that someone was filing a lawsuit against you for accidental damage you caused to their property, how would you pay for the costly legal fees? Standard homeowners insurance also contains liability coverage that protects you and your family against lawsuits where another party finds you liable for damage to their property or person. Typically, a standard home insurance policy includes the following coverage: Standard Home Insurance Coverages Coverage A – Dwelling Coverage B – Other Structures on Your Property Coverage C – Personal Property/Contents Coverage D – Loss of Use Coverage E – Personal Liability Protection Coverage F – Medical Payments

  • I RECENTLY REVIEWED OUR HOME INSURANCE POLICY AFTER NOT LOOKING AT IT FOR YEARS. I AM CONCERNED THAT WE ARE NO LONGER ADEQUATELY INSURED. HOW CAN WE FIGURE OUT HOW MUCH HOME INSURANCE WE NEED?

    You will need enough home insurance to cover the cost of the following: The structure of your home: To estimate the amount of insurance you will need to cover the structure of your home use our home insurance calculator. Your personal possessions: To determine the value of your personal possessions and belongings you should perform a home inventory. Additional Living Expenses: In the case that your home is damaged and you must live somewhere else while repairs are performed you will need coverage for those costs. A home insurance agent can help you determine the amount of additional living expense coverage you may need. Liability: Your liability to others for accidents that may happen at your home. A home insurance agent can help you determine the amount of liability coverage you need. Asking a licensed home insurance agent is always a great way to determine how much home insurance you need. They can help you determine specific coverage levels and discuss appropriate deductibles.

  • WHAT DOES HOMEOWNERS INSURANCE PROTECT AGAINST?

    Generally, homeowner's insurance will cover replacing your home and personal property up to certain limits. Most disasters are covered, but not earthquakes or flooding, and homeowner's policies do not cover the normal aging of your house. Homeowner's insurance also may include liability coverage, which covers personal injuries to other people that happen due to your negligence. On the declarations page provided by your agent, and within your policy, you will see the various coverage types identified as follows: Coverage A - Dwelling — Pays for damage or destruction to your house and any unattached structures and buildings. Examples include fences, attached garage, or patio cover. Coverage B - Other structures such as a garage, deck or swimming pool Coverage C - Personal Property — Covers the contents of your house, including furniture, clothing and appliances, if they are stolen, damaged, or destroyed. Coverage D - Loss of Use — Pays for additional living expenses if your home is uninhabitable due to a covered loss. Most standard Florida Homeowners Insurance policies pay 10% to 20% of the amount of your Dwelling coverage Coverage E - Liability — Protects you against financial loss if you are sued and found legally responsible for someone else's injury or property damage Coverage F - Medical Payments — Covers medical bills for person(s) injured on your property.

  • WHAT IS THE DIFFERENCE BETWEEN REPLACEMENT COST OF MY HOME AND ACUTAL CASH VALUE?

    The replacement cost of your home is how much it would cost to replace your home and its contents with new materials at current prices in the event of a loss. Actual cash value (ACV) is the value of your property at the time of a loss. ACV may be determined as the replacement cost minus depreciation.

  • WHAT IS DWELLING COVERAGE?

    Dwelling coverage (Coverage A) is the portion of your home insurance policy that covers the cost of rebuilding /repairing your home in the event that it is damaged or lost in a covered peril such as wind, hail, lightening or fire. Separate policies are needed for damages and losses caused by earthquake and flood insurance as these are not covered under standard home insurance policies. The amount of dwelling coverage that you should purchase should be enough to cover the cost of rebuilding your home in the event of a complete loss. Do not confuse this amount with the market value of your home, as the market value includes the value of your land. Remember that in the event of a disaster, your land will not be lost, only the buildings that stand on it. To determine the replacement value of your home, check out our Home Insurance Calculator.

  • WHY SHOULD YOU BUY HOME INSURANCE?

    Owners: To protect both your house and personal property. Tenants: To protect your furniture and personal property. Everyone: Protection against liability for accidents that injure other people or damage their property

FAQ