There are many benefits to being a homeowner in Florida, but there are also major responsibilities. Making sure you have homeowners insurance should be a top priority. If you don't have a mortgage on your home, you aren't required to have insurance coverage on the property. Failing to consult a Fort Lauderdale FL insurance broker about homeowners insurance can be quite detrimental in the event that your property or possessions are damaged.
If there is a mortgage, you'll be required to show the mortgage company that you have insurance on the property. If the mortgage company doesn't receive proof of insurance, you'll have to pay for the hazard insurance the mortgage company gets for the house.
You do not want your mortgage company to put hazard insurance on your home to protect their financial interest in the property. Hazard insurance is very expensive and only covers the replacement cost of your home if the structure becomes partially or wholly damaged.
When you purchase your own homeowners policy, coverage should include damage to the home and your personal belongings. Other structures on the land such as a garage and swimming pool will be covered as well if they sustain damage. A comprehensive policy will also protect you if people are injured on your property.
Weather conditions such as wind, hail, and water can cause major damage or destroy your property. If the contents in your home are stolen or destroyed, it can become very costly to replace them. Some of the items you may want to protect include clothing, jewelry, furniture, televisions, refrigerators, stoves, tools, and equipment. Most people don't have enough money to replace all of the items they've lost, but a homeowners policy can assist with those expenses.
Contact a Florida insurance broker in Fort Lauderdale to review your options for a homeowners insurance policy that fits your budget and needs. Never take chances with one of the largest investments in your life, your home, and its contents. If you reside in a designated flood zone, the broker can help you get coverage for damages potentially caused by floods as well.
If there is a mortgage, you'll be required to show the mortgage company that you have insurance on the property. If the mortgage company doesn't receive proof of insurance, you'll have to pay for the hazard insurance the mortgage company gets for the house.
You do not want your mortgage company to put hazard insurance on your home to protect their financial interest in the property. Hazard insurance is very expensive and only covers the replacement cost of your home if the structure becomes partially or wholly damaged.
When you purchase your own homeowners policy, coverage should include damage to the home and your personal belongings. Other structures on the land such as a garage and swimming pool will be covered as well if they sustain damage. A comprehensive policy will also protect you if people are injured on your property.
Weather conditions such as wind, hail, and water can cause major damage or destroy your property. If the contents in your home are stolen or destroyed, it can become very costly to replace them. Some of the items you may want to protect include clothing, jewelry, furniture, televisions, refrigerators, stoves, tools, and equipment. Most people don't have enough money to replace all of the items they've lost, but a homeowners policy can assist with those expenses.
Contact a Florida insurance broker in Fort Lauderdale to review your options for a homeowners insurance policy that fits your budget and needs. Never take chances with one of the largest investments in your life, your home, and its contents. If you reside in a designated flood zone, the broker can help you get coverage for damages potentially caused by floods as well.
About the Author:
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