Homeowners Insurance Overview
Homeowners insurance helps pay to repair or rebuild your home and replace personal property due to a covered loss. Although Florida law does not require homeowners’ insurance, some cities and counties require liability coverage if you own certain pets or a swimming pool. Liability coverage pays for non-automobile related injuries to other people, or damage to their property, for which you are legally responsible.
For mortgaged homes, the lending institution will require full insurance coverage on the structure, including flood (if located in special zone), fire, liability, windstorm, etc. Some developments and subdivisions may also require insurance.
There are various types of residential insurance including homeowner, condominium, renters and mobile home. All of these types may provide property and liability coverage. The property coverage insures against perils such as fire, wind, hail, vandalism, and theft. The perils covered depend on the type of policy you purchase.
Keep in mind that your homeowner policy does NOT cover flood. If you need flood insurance you generally purchase that separately from your homeowner's policy. Contact your agent today