With a multitude of insurance products and services, it can be tricky to find the perfect fit. You may find yourself with several questions ranging from how does home insurance work to what are home insurance rates? To be a service to you and your family during this time, I would like to discuss the top three questions surrounding homeowners insurance. With these answered questions, I hope to take a little of the stress out of your insurance shopping process.
Why is home insurance important?
A typical homeowner’s insurance policy will offer coverage for theft and damage caused by natural disasters, including fires, lightning strikes, windstorms, and hail. However, many people don’t know that your homeowner’s insurance covers more than just your physical home; it also protects the items inside. Having insurance coverage not only protects your home but is a requirement to receive a mortgage.
Did you know when you buy a homeowners insurance policy in Florida, there is a coverage called personal property? It usually includes your furniture, TVs, some appliances, clothes, and other belongings that might not be attached to the home. When valuing this coverage amount, consider your higher-end belongings such as jewelry, electronics, and art. Most of the time your higher-end belongings will need to be added to your policy separately.
Are home insurance premiums rising?
Yes, the cost of homeowners insurance is on the rise. This can be an effect of claims history, the purchase of a home built fewer than 12 years ago, the frequency of hurricanes, and most recently, rising costs of litigation. To help in lowering homeowners insurance rates, consider having a wind mitigation inspection done. You can find more tips for reducing costs here.
What home insurance do I need?
If you’re not trained on the ins and outs of insurance terms, finding coverage may be difficult. Home insurance isn’t one-size-fits-all, and you should always understand what you are purchasing, especially when it comes to insurance! No need to fear; we’re here to help fit you with the best coverage for your home.
If you are looking for an insurance agent in Kissimmee or have questions about your Orlando homeowners insurance policy, reach out to us! We’re happy to be your go-to independent insurance agent in Central Florida.