What Homeowners Often Overlook in Their Insurance Policies

Owning a home is the most significant investment most people make. Because of this, homeowners need to do what they can to protect their homes financially. Florida homeowners may have more difficulty financially protecting their homes due to the state’s weather patterns and geographical features.

Homeowners need to understand the risks associated with owning a home in Florida, the limitations of homeowners insurance policies and the benefits of additional coverage options.

What Does Homeowners Insurance Cover?

Standard home insurance policies typically include dwelling coverage, personal property coverage, liability coverage and additional living expenses coverage. This can financially protect you from a range of risks, but it typically excludes damage from natural disasters, such as floods and earthquakes.

Does Homeowners Insurance Cover Natural Disasters?

Consider adding the following types of coverage to your insurance portfolio to help financially protect your home from natural disasters:

• Windstorm coverage may help cover the cost of damage caused by high winds, which are often associated with hurricanes. Your home insurance policy may include coverage for wind damage, but additional endorsements may be necessary to cover hurricane damage fully.

• Flood insurance may help financially cover the structure of your home and its contents in the event of flood damage.

• Sinkhole coverage may help cover the costs of repairing or rebuilding your home if it is damaged by a sinkhole.

• Umbrella insurance may help financially protect your assets if your personal liability coverage limits on your homeowners policy are exceeded.

• Water backup coverage may help pay for costs associated with sewage backup or sump pump overflow due to heavy storms.

Learn More

For insurance near you, contact Affiliated Agency of Ocala.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.