subject: It's good to have Florida Homeowner Insurance [print this page] Having homeowners insurance is an important way to aid in paying for charges that result from rebuilding or repairing your domicile or replacing any of its contents if you're unlucky enough to be the victim of a fire or some other covered occurrence. Florida statutes don't mandate homeowners insurance on a dwelling, but it's a smart thing to have. Many, if not most lending institutions require insurance when giving out mortgage loans. Some Florida counties and townships mandate a minimum of liability insurance. Although not a hard requirement, it's nevertheless a smart move to own a good Florida homeowner insurance policy because it can be the difference between being sheltered or out on your own in case of a disaster.
Florida is not a stranger to catastrophic weather. It's advisable if you live here to own a good insurance policy that will protect you against whatever Mother Nature has to offer, whether its fire damage or rain damage. It's even good to be protected against things Mother Nature wouldn't dream of doing like vandalism or theft. The liability coverage is something you will want if there's ever an incident of an individual hurting themselves on your property. Standard varieties of events that one insurance policy covers might be different between one policy to another, one company to another. One should do some homework upfront and get to know some Florida homeowner insurance companies before setting out to purchase. Get a reference or recommendation from friends or neighbors first. It's smart to gather some quotes for some rates from competitors, just so you know you're not being gouged. Once you purchase, it's also a good idea to go over your policy every now and then just to make sure it's still covering what you need when you need it most. It's important to understand that there is no basic home owner's policy that covers anyone from floods, so you have to really consider whether you should add that coverage and if you're anywhere near the water, which most of Florida is, then it's a smart move to do so.
Knowing that some Florida homeowner insurance policies might cover only structures, you should make sure that yours covers the contents too. It's rare to find one that only covers one and not the other, but it's good to be sure. You should also know what is covered and how much is covered before signing anything. Be sure you understand the limits, the rates and exactly what is what is not covered and also what is excluded from being covered. It's confusing to purchase insurance, so don't be shy to ask as many questions upfront as possible. You need to know what the different is between a replacement cost and measuring what the actual cash value would be for either the structure or the contents. Then there's the concept of market value versus replacement value, knowing about these is good going in. Being sure about how to file claims and knowing about the claim process and avoiding surprises is the best way to get your peace of mind
A homeowner should keep copies of the policy around, in a protected place outside and away from the house in case of the unthinkable. Other good things to keep around would be photos of your belongings, especially valuables. Take pictures of the inside of your house, which serves as an inventory of things you own. Keeping receipts around for some of your major purchases is a good idea too which makes things easier during the claim process if for some reason the home is completely wiped out.
It's never a good time to wonder about what could happen in a disaster, but its way less of a good time when it happens and you find you're just not prepared. By using some good common sense, doing some upfront research and finding the best Florida homeowner insurance company you can do business with, you'll find that by being covered you'll also get help in making sure that you're prepared in case anything terrible should happen.
It's good to have Florida Homeowner Insurance
By: Todd Meyers
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