How To Think About Homeowner’s Insurance

Homeowner’s insurance isn’t a required form of insurance in Florida, but most people want to insure the single most significant investment they will make in their lives. With homeowner’s insurance you’re getting coverage for several items:

Property

• Structure
  • Covers the damage that could happen to the physical property.
• Other structures
  • This coverage protects against damage to other buildings and structures on your property.
• Personal property
  • This is coverage to other personal property, including household contents and any other loss of personal property that is used and owned by the proprietor.
• Loss of use
  • This is the additional living expenses portion of your policy, which we’ve discussed in the past… you can find out more by clicking on the link.

Liability

• Personal Liability
  • This coverage protects you from lawsuits or other ramifications that may result from bodily injury, automobile accidents, and property damage that you are found legally liable for.
• Medical payments to others
  • This coverage pays for medical expenses, up to your policy’s medical payment limit for a person who is accidentally injured at your home regardless of fault. This doesn’t apply to an injury you suffer on your property, or to anyone living with you.
• Legal costs
  • Liability coverage will also cover legal expenses regardless of whether you are found responsible or not for damages.
• Personal liability away from home
  • If you cause damages away from home, like in a hotel or public place, your policy should help if you have done something that results in a “covered loss”. Your hotel, or the store, may seek reimbursement and this part of the policy covers you.

At any rate, we know that coverages are different depending on your insurer and where you live, but these items are pretty standard across the board. Suppose you feel you need one of our Gables Insurance Recovery teammates to review your claim or review a claim being made against you. In that case, we’re always here to help you against unfair treatment and settlement offers by your insurance carriers.