Most people know that homeowners insurance is essential for protecting your home. But when it comes to purchasing homeowners insurance, people often don’t know where to start.
This can lead to overpaying for coverage you don’t need, or not having the level of homeowners coverage to cover everything you expect, should you ever need to file a claim.
How much coverage should I carry?
In Florida, the homeowners is required to carry coverage for the full replacement cost of the structure. Determining the formal ‘replacement cost value’ differs with each company, so we walk you through the quoting process.
Your coverage can also include your personal property, if desired. This is the contents of your home. This means anything that would fall out if you could literally pick it up and shake it is covered.
You can also opt for your homeowners insurance to include animal liability to cover you in case your pet ever bites or harms someone. Or water sewer backup coverage in case…well, you know.
What should I know about homeowners insurance deductibles?
In Florida are are TWO deductibles. One for “hurricane”, and one for “all other perils” (AOP). These deductibles can be different amounts. We’ll help you choose the coverage and deductible that’s right for you, to protect your home should the unexpected and unimaginable ever occur.
To get a custom quote click HERE. Or call us today to speak with an experienced agent about your insurance needs.
Flood Insurance is a federally mandated program that covers damage from rising waters from outside the home. This can be from rain backup, storm surge, or other.
Many people are surprised to learn that flooding is NOT automatically included on any homeowners policy in the US and is actually separate from your homeowners policy.
Flood insurance is also not required by the state of Florida, although many lenders require it if you’re in a high risk flood zone.
While we highly recommend flood coverage to the vast majority of our customers, we also know that flood coverage is not necessary for everyone.
When we provide you with a custom insurance quote, we’ll assess what flood zone you’re in to help determine your risk and evaluate how much (or how little) coverage you need.
We usually quote Flood Coverage along with your homeowners policy and our customers often find it’s much less expensive than they expected.
At Waterman Insurance of Bradenton, when we provide you with a quote, we provide a worksheet that shows all possible deductible combinations available both with and without RCC (Replacement Cost Contents Endorsement).
Every home is different. We’ll work with you to identify your needs and help you find the most comprehensive coverage for your budget at the best price.
Contact us today for your personalized quote click. Or call us today to speak with an experienced agent about your insurance needs.
Whether you’re in an apartment, a private lease, or other renting arrangement, you should never go without Renter’s Insurance.
Renters insurance covers your personal property in the event of theft, fire, or a full range of perils.
As a renter, you want to have the lowest deductible and the replacement cost on contents endorsement (RCC) to ensure you’re fully protected and get the best value out of your policy.
Live in an apartment or condo?
You should know that in most cases, apartment or condo complexes will not cover your loss in the event of water leak damage (ex: from above, leaking pipes, overflowing sink/tub, etc).
NOTE: It’s always a good idea to include flood coverage with your renter’s policy; it’s inexpensive and you’ll be glad you have it in the event you need it.
You could be covered for as little as $10 a month! Even if you use it once in 20 years, it will pay for itself. Protect your stuff – be insured!