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What Does Florida Homeowners Insurance Typically Cover?

Homeowners insurance provides financial protection against unexpected events that could devastate your most significant investment: your home. Aside from protecting your finances, Florida homeowners insurance is often required by mortgage providers because lenders want to protect their investments.

What Does Florida Homeowners Insurance Typically Cover?

Home insurance in Florida typically covers a range of general hazards as well as risks specific to the state’s climate. Firstly, it provides coverage for property damage caused by storms and other natural disasters prevalent in the region. This includes damage to the structure of the home, as well as personal belongings inside.
Additionally, homeowners insurance often covers liabilities such as personal injury lawsuits if someone is injured on your property. It may also extend to cover additional living expenses if your home becomes uninhabitable due to a covered event.

What Is Not Included?

One significant omission is flood damage, which requires a separate flood insurance policy. Given Florida’s susceptibility to flooding from heavy rains, hurricanes, and storm surges, this additional coverage is often recommended. Similarly, sinkhole damage is not typically covered. Sinkholes are a common geological occurrence in the state and can cause significant damage to homes and property.

To safeguard against this risk, you may need to purchase a separate sinkhole insurance policy or endorse your existing policy with sinkhole coverage. Furthermore, coverage for certain high-value items such as jewelry, art collections, or expensive electronics may be limited under standard policies. These items need to be protected with high-value home insurance. 

Confused about the different types of home insurance? An insurance agent can provide personalized guidance and recommendations based on your specific home, needs, and area. Agents help navigate complex insurance policies and make sure you have the right coverage to protect your home and assets. Give us a call now at DTRT Insurance in Deerfield, FL, to speak to a professional about your insurance needs. 

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