Homeowners Insurance

Homeowners Insurance Coverages & Endorsements

While not a comprehensive list, here are some of the basics of Homeowners Insurance.

Dwelling Coverage A – This is the cost to completely rebuild your home from the ground up in the event of a total loss. It is separate from a real estate or taxable value, and instead represents a construction value. Our experts will help you determine what amount is needed for your Dwelling Coverage with the use of industry leading estimating tools.

Other Structures Coverage B – Things detached from your house are covered here, as a percentage of your Dwelling Coverage. Examples would be detached garages, fences, gazebos, docks, etc. Attached Screen Enclosures are typically not included here, but are instead under Dwelling Coverage A.

Contents/Personal Property Coverage C – If you moved to another house, everything you could take with you would be your Contents. Whether you cherish every last fork and picture and need the best coverage for your prized possessions, or you live a spartan lifestyle with few personal items, we will help you decide the appropriate type and amount of Coverage for your Contents. Replacement Cost or Actual Cash Value/Depreciation endorsements are both available.

Loss of Use Coverage D – When claims happen, often a home is unlivable during repair and renovation. If this occurs, Loss of Use can pay to rent you another similar home, and continue your lifestyle without additional expense. Things like hotels, rentals, restaurants, lawn care, etc. can be paid for out of this coverage until you are able to move back into your home.

Personal Liability E/Medical Payments F – We are no stranger to lawsuits in Florida, having the most litigious State in the nation when it comes to attorney/insurance litigation. Liability Coverage and Medical Coverages protect you and your hard earned assets. A Personal Umbrella Policy may also be necessary to add additional liability. Our experts can help you identify the level of coverage needed to protect all you’ve worked hard for.

Deductibles – Florida insurance polices typically have a separate Hurricane Deductible of 2% of the Dwelling Coverage. All Other Perils Deductibles apply to everything else that is not excluded. However, we have many companies available with higher and lower Deductible options to suit your needs.

Flood – It is important to note that Flood, defined as natural rising water, is NOT COVERED by Homeowners Insurance. We have multiple Flood Insurance options available under separate coverage.