Home Insurance

Your home is one of your greatest investments. So it is important when you are searching the many Florida home insurance companies for whatever type policy you want, to be armed with the facts and knowledge that will allow you to make an affordable and sound choice.

There are many different types of Florida home insurance coverage and it is in your best interest to understand what is available and especially to formulate coverage that protects you and your home in the best way possible.

Most consumers don’t think a lot about home insurance. Like other types of insurance, your needs may change from year to year, depending on items you purchase (personal property) or perhaps upgrades and/or additions you may make to your property. These can all add value to your home, but it also means that you might need to increase the amount of coverage you have in case you ever need to file a claim. This is why it’s important to review your Florida home insurance policy annually (or more often depending on your circumstances).

Many people think of the normal types of coverage for their home insurance- fire, storms, earthquakes, etc. It’s wise to remember that many policies don’t include natural disaster-type coverage. They are considered “extra”, which usually means the specific type of coverage (flood, earthquake, hurricane) has to be added separately and also at an additional cost over the normal policy amount. You want to make sure you have adequate coverage for theft, also.

Most people woefully underestimate the cost of what they would need to fully replace personal property remember you have to think of all possible items- furnishings, clothing, jewelry, electronic equipment.

Smoke and water damage from a fire can be almost as devastating as the fire itself, so you need to protect yourself reasonably when choosing your Florida home insurance coverage.

When you have read the following information and are ready to pick your personal policy, insuranceUSA.com is ready to assist you with quotes from many different sources so that you can choose the plan which is just right for you!

Choosing Your Florida Home Insurance Policy
In general, there are two options available when you are looking for you Florida home insurance policy. The first type is a monoline policy. This option only contains one type of insurance coverage, like liability, for instance. The second type of Alsaka home insurance policy is a package policy, which offers several different types of coverage. It is usually a better deal to purchase the package deal, rather than buying separate policies.

When you are looking for the right Florida home insurance policy for your home and needs, InsuranceUSA.com is the company to turn to find out all the information you need! There are basically seven different types of Florida home insurance policy options to choose from. These are described briefly below, and InsuranceUSA can provide you with more details.

Homeowner’s-1 (HO-1): This type of Florida home insurance policy actually offers very limited coverage, and is offered by few insurers. HO-1 offers coverage many types of damage, such as fire, lightning, wind, smoke, and theft. It is important to check the policy to find out exactly what is covered.

Homeowner’s-2 (HO-2): This type of Florida home insurance policy covers all the items mentioned in the HO-1 policy, plus damage from falling objects, the weight of ice or snow, water from plumbing systems, freezing of the plumbing system, electrical damage to applicances, and water damage from a rupture of water heaters or heating systems.

Homeowner’s-3 (HO-3): This type of Florida home insurance policy is often called the Special Form Policy, and it is the most widely used type of Florida home insurance. It covers your home against all risk of physical loss, except those that are specifically excluded in the policy. It is important to carefully go over the policy so that you knw exactly what is covered.

Tenant’s/Cooperative Owner’s (HO-4): This Florida home insurance policy is used to insure against damage to an apartment’s contents and against personal liability for injuries suffered in the unit.

Homeowner’s-5 (HO-5): This Florida home insurance policy provides the same coverage that is in HO-3, plus coverage for personal possessions, except for those things that are specifically excluded in the policy. This coverage can also be obtained by buying the HO-3 policy, and adding a Special Personal Property clause.

Condominium Unit Owner’s (HO-6): This Florida home insurance policy is designed specifically for condominium owners and offers the same coverage as the HO-4 Florida home insurance policy.

Homeowner’s-8 (HO-8): This Florida home insurance policy is similar to the HO-1 policy. The difference is that this Florida home insurance policy offers the actual cash value coverage instead of a replace cost. This specific type of Florida home insurance policy is generally used when the replacement value of the property exceeds the market value.

How Much Florida Home Insurance Do you Need?
When considering Florida home insurance, utilize InsuranceUSA.com to do research and request a free quote. If you have any questions about your policy, make sure you ask your insurer.

When buying Florida home insurance, most insurance companies will insist on a home inspection to determine the home’s value. Also, make sure you compile an inventory listing your most valuable possessions such as furniture and appliances. Take photographs, hang onto your receipts and update your policy at least once-a-year to account for any additions or changes to your home.

It is important to have enough Florida home insurance to cover your home’s value in case of total loss or damage but not so much that you can’t afford the premiums.

Non-Renewals and Policy Cancellations
Florida home insurance has a policy “term period” which means the insurance company cannot cancel or not renew a policy unless they are legally-justified in doing so.
Normally, most insurance policies will be cancelled if the policy-holder fails to pay their premiums or they submit fraudulent claims. Other instances, which might warrant cancellation are if the policy-holder is convicted of a crime; they make changes to the property rendering it uninsurable; or if they create unsafe conditions that increase the insurer’s risk.

Usually, after the policy term ends, the insurer, if they wish to cancel or not renew your policy, will have to provide adequate notice.

Acquiring the Florida Home Insurance that you need
Checking to see if the insurer that you are interested in acquiring your Florida home insurance is from is legitimate is the first step in the process. If you don’t know the reputation and legitimacy of the provider just request a copy of their Florida home insurance certificate. This will give you their official license number.

A questionnaire will be given to your by the insurers that you consider using. Make sure that you fill this in completely so that the insurer can tailor the insurance offered to you to your specific needs.

Service is as important as price when it comes to Florida home insurance. The cheapest isn’t always the best option. You don’t want to have to wait a long time for a response if the need to file a claim arises.

Acquiring Florida Home Insurance using the Internet
Comparison shopping when buying Florida home insurance is very important. One way to do this is to shop on-line. You can either use individual companies or else you can buy your Florida home insurance using InsuranceUSA. Just complete the forms fully and accurately and you will get a quote that suits your needs.

Price should not be your only consideration when buying Florida home insurance. You also need to be happy with the service levels of the company that you are thinking about buying your home insurance from. They should be responsive and deal with you quickly and fairly.