If you own a home in Florida, the most crucial feature of a ​FL homeowners’ insurance​​​ policy is what your covered losses include. The insurance should be specific to your type of home whether single-family, townhome, condo, mobile home, or vacation rental, and clearly state what compensation or financial protection you’ll receive in the event of medical liability, environmental disaster, burglary, or accidental fire.  

What Is the Most Important Part of FL Homeowners’ Insurance?

Fire & Theft Home Insurance Coverage

As much as we try to prevent them and install smoke detectors, burglar alarms, and other safety equipment, fires and thefts can happen in our homes. Your homeowner’s insurance policy should describe what property value you can recover in the case of both damage and property loss in case either of these occurs. Policies vary widely when it comes to house fires and home burglaries so it’s wise to not glaze over this part when choosing a homeowner policy.

What specific belongings can be replaced should be addressed in the policy as well as any repairs or rebuilding in which you’ll be compensated. Most policies will cover damage not only to the main dwelling structure but to additional structures, as well, including fences and sheds. The contents of all the structures will also be covered, but homeowner policies differ a lot on belonging loss coverage, so pay attention to stipulations on jewelry, cash, firearms, and the like.

Environmental Insurance

In Florida, the primary environmental peril to insure a home against is strong winds, meaning hurricanes. Without knowing what your loss coverage is going to be if this common weather occurrence destroys all or most of your home, it can go against the peace of mind that homeowners hope to have. With appropriate homeowner’s insurance, you can be covered from multipotential perils that may also include a premium discount for hurricane loss mitigation.

Being adequately compensated in the case of any environmental risk happening such as hurricanes, lightning, sinkholes, tornadoes, and wildfires can protect your investment in your Sunshine State home and give you peace of mind. Don’t forget to check for Additional Living Expenses (ALE) coverage in case you require accommodation elsewhere and also check if the compensation for repairs includes the costs for any required property inspections

Personal Liability & Medical Bill Coverage  

Along with loss from potential perils like fire, theft, and environmental hazards, personal liability is a crucial part of homeowner’s insurance. If someone is injured on your property and you’re legally responsible to pay their medical bills, without insurance this may greatly impact your financial situation. For homeowners in Florida, liability policies may include specifics relating to swimming pools and pets depending on the county.

Personal liability homeowners insurance coverage is also key in that it can protect your financial situation if you damage another person’s property. Especially when litigation occurs, liability losses through a lawsuit can be the biggest loss to uninsured or improperly insured homeowners.

For expert help in getting the best Florida homeowner peril and liability insurance policy for you, contact Absolute Choice Insurance. We specialize in finding fast and affordable insurance that protects your home, belongings, and finances.