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Insurance for New Homeowners in Florida: A Complete Guide

The Sunshine State beckons with its turquoise waters, vibrant culture, and prosperous economy. But there’s also an ever-present threat of hurricanes and other natural disasters. Florida homeowner’s insurance is a vital necessity. If you’re considering buying a home in this charming state, understanding the ins and outs of this insurance will ensure your dreams are protected.

Insurance for New Homeowners in Florida: A Complete Guide

Why Is it different?

Florida faces several challenges that raise insurance costs compared to other states. Hurricane season, from June to November, brings the risk of devastating winds, storm surges, and flooding. Beyond tropical storms, sinkholes, tornadoes, and wildfires add to the list of potential threats. This volatile environment pushes insurance companies to be extra cautious, and that means higher premiums for homeowners.

What Does Florida Homeowner’s Insurance Cover?

Standard homeowner’s insurance policies in Florida typically cover three main areas:

Dwelling Coverage

This protects the physical structure of your home, including walls, roof, and permanently attached fixtures, from damage caused by covered perils. It’s always important to find out exactly what the covered perils are and to decide whether you might need extra coverage or a rider for things that aren’t covered.

Personal Property Coverage

This safeguards your belongings like furniture, electronics, and appliances from losses due to covered perils.

Liability Coverage

This protects you financially if someone gets injured on your property, or you accidentally damage their property.

Finding the Right Policy

With so many factors at play, it’s important to choose the right insurance provider. You’re looking for things like:

  • Financial stability and reputation
  • Coverage options and available endorsements
  • Customer service ratings and claims processing efficiency
  • Discounts available, such as for burglar alarms or wind mitigation features on your home.

For help finding just the right insurance coverage, contact us at DTRT Insurance Group, and we’ll help you compare options and choose the right plan for your home.

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