Homeowners Insurance
Your Florida Home is one of the most valuable assets you have. If anything were to happen to it, costs will be very high and the amount of inconvenience you will experience will send your stress level shooting out the roof! That is why at First Family Insurance Group located in Fort Lauderdale, Florida we aim to offer you the best Florida homeowners insurance policies that can protect you, your home, and your wallet. Homeowners insurance, is a type of property insurance that covers damages to your home and the items in it as well as injuries on guests that occurred on your property. It also includes loss of use coverage which means additional living expenses that you shoulder because of repairs to your home.
There are different types of homeowner insurance policies, but the most common is called an HO-3 policy. An HO-3 policy is what is required by banks/mortgage lenders. Included in a homeowner insurance policy are 2 sections. Section I being personal property coverage and section 2 being liability coverage. Personal property coverage consists of four categories.
- Coverage of your dwelling
- Coverage of other structures on your property
- Coverage for the loss of use of your property
- Coverage of your personal property which pays for damages done to your personal belongings. Personal belongings include furniture, appliances, and items you personally own. Just think about this, if a burglar breaks into your home and steals important heirlooms, the amount of money you will lose might sum up to thousands!
For liability coverage, the process is different. For one thing, it is you who will be held accountable for the damages done to anyone who visits your home. If your dog suddenly bites a friend, chances are, you would have to pay for their hospital fees.
Moments like this cannot be helped. Injuries can result from a lot of things even in the simplest of ways. That is why having a liability coverage is important. It can save you the money that you would otherwise spend on someone’s medical fees because of an accident in your home. Moments like this bring a lot of stress to you and to the people who live in your home. As much as possible, we at First Family Insurance Group want to avoid situations like this. That is why we provide one of the best homeowners insurance policies in Florida. With our different packages, you can get to customize your home insurance that will fit your budget and your needs.
