Harrell Insurance Logo

407.846.6421
Menu
Home Get A Quote Customer Service Blog Make a Payment Secure File Area Refer a Friend Important Links Calculators Insurance Glossary About Harrell Agency Services Location Map Employee Directory Privacy Policy Contact Us Join Our Newsletter
Social Media
Social
  • Home
  • Get A Quote
    • Automobile
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Workers Compensation Quote
    • Flood
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Manufactured Home Quote
      • Homeowner Flood Quote Form
      • Tapestry Home Insurance Quote Form
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Watercraft & Boat
  • Customer Service
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Add Driver to Existing Commercial Auto Policy
      • Remove Driver from Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Calculators
    • Insurance Glossary
  • About Us
    • About Harrell Agency Services
    • Location Map
    • Employee Directory
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
postheader
Auto
Insurance
postheader
Home
Insurance
postheader
Business
Insurance
postheader
Boat
Insurance
postheader
Motorcycle
Insurance
postheader
RV
Insurance
Home > Blog > A Millennial's Guide to Homeowners Insurance
THURSDAY, JANUARY 31, 2019

A Millennial's Guide to Homeowners Insurance

A Millennial's Guide To Homeowners Insurance - Harrell Agency Services 

Buying your first home can be such an exciting yet overwhelming experience! Between all the insurance, property tax, and finance company questions, it can really take the fun out of the whole thing. I would like to discuss some homeowners insurance items that a lot of our millennial clients can expect to come across when buying your first home. With these few tips, I hope to take a little of the stress out of your experience so you can enjoy purchasing your first home!

Deductibles

A deductible is simply the amount of money that you will have to pay out of pocket first before your home insurance will pay for a claim. There are usually three deductibles on a Florida homeowners insurance policy. The first is an all other perils deductible, and this deductible applies to losses from covered perils other than hurricanes or sinkholes. Fire, wind, hail, theft, and water damage are usually the major losses that are considered all other perils. The second is the hurricane deductible, which applies only to hurricanes. The third deductible is the sinkhole deductible, which applies only to sinkholes.

Water Damage

One of the most common claims in the Florida homeowners insurance industry is water damage claims. We see a decent amount of these claims come through our office each year. The most common water damage claim we get is from a leaking roof. Something you should know is while most policies will cover the water damage from a leaky roof, the policy will not cover the roof itself unless the roof has been damaged by something such as a storm, falling object, or hail. A decent amount of these calls are for roofs that are older and are in need of replacing. That is called wear and tear and is not covered under your homeowner's policy.

The Finer Things

When you buy a homeowners insurance policy in Florida, there is a coverage called personal property. Personal property usually includes your furniture, TVs, some appliances, clothes, and other belongings that might not be attached to the home. Something to consider is your higher-end belongings such as jewelry, electronics, and art. Most homeowners insurance policies have limitations of about $1,000-$2,500 that they will pay out for these types of items. If you have expensive jewelry, electronics, art, or firearms, you might consider asking your agent if they can be scheduled to your homeowner's policy. It will cost a little bit more, but you have the peace of mind knowing if there is a fire or someone steals them, you are covered.

Millennials are starting to enter the housing market more and more each day. If you are a millennial and purchasing a home, don't go into the process without the proper knowledge. Make sure you have a reliable real estate agent, mortgage broker, and insurance agent to help you along the way. Don't be afraid to ask questions too. We are in the business because we are passionate about what we do and are more than willing to answer your questions and educate you throughout the process. 

If you are looking for homeowners insurance in Central Florida or have questions about your Orlando homeowners insurance policy, reach out to us! We’re happy to be your go-to insurance agent in Central Florida. 

get a homeowners quote button

 
Posted 4:41 PM

Tags: homeowners insurance
Share |


1 Comments

Jocelyn McDonald said...
My husband and I just moved into our first home together, and we want to get it insured as soon as possible. Your article had some great tips for people like us, and I liked how you said to consider the type of water damage insurance well need, and to keep in mind that a roof damaged by water isnt typically covered under a water damage policy. Thanks; well keep this in mind when when buying home insurance. http://www.cypress-insurance.com/home-insurance/
TUESDAY, FEBRUARY 26 2019 4:02 PM

Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015

  • homeowners insurance(8)
  • car insurance(4)
  • hurricane season(2)
  • boat insurance(1)
  • harrell insurance(1)
  • homeowners(1)
  • rv insurance(1)
  • independent insurance agent(1)

View Mobile Version

HOME PAGE ABOUT US GET A QUOTE REFER A FRIEND LOCATION CONTACT US

28 Broadway, Ste 202 | Kissimmee, FL 34741 | 407.846.6421

Logo
Powered by Insurance Website Builder
Social Facebook Twitter Google+ Blog