Insurance policies cover loss or damage to property. They are a security blanket for homeowners. It allows them a sense of safety in case of a disaster. No one expects to lose their homes and possessions. However, people go through it every day. A homeowners insurance policy protects homes and belongings.
In some states, additional coverage may be necessary. Florida may be one of those states. This is due to bad weather that can occur during certain months of the year. Contact your local insurance agency to find out your Florida homeowners insurance quotes today.
Many home insurance policies cover natural disasters and home invasions. If an injury occurs on your property, liability covers any lawsuits. However, there are other coverages areas you may not know. We’ve made a list of 8 facts about home insurance you should know before you sign the policy.
Home Office Equipment May Not Be Covered
If damages occur in your home office, your policy may only cover minor losses. Your best bet if you work from home is to get a second policy. This policy would cover home office equipment more than the basic policy.
Bringing your work equipment home from the office may help you finish work assignments on time. However, you should review your employer’s insurance policy to make sure the equipment is safe while in your home. Your local insurance company can address your questions about the coverage of office equipment.
Some Policies Ban Coverage for Certain Pets
You may have heard of homeowners having a hard time finding apartments that allow certain dog breeds. You might find it surprising to know that getting homeowners insurance can be as hard. Some insurance companies have policies against breeds based on size. Large dogs are very difficult to find coverage for. Rottweilers, for example.
Discuss with your agent if coverage includes any damage your pet causes. You may see a premium increase for certain breeds, too.
Jewelry and Other Valuables May Need Additional Coverage
Homeowners insurance Florida residents love will quickly pay for any losses regardless of the type. In the event of a home break-in, jewelry and guns are highly targeted items. They may require an additional policy to ensure that you will be paid if they are damaged or stolen from the home.
Your best plan of action is to ask about what valuables your policy covers when you get your insurance quote.
Not Paying Premium Can Get Policy Canceled
Have you ever forgotten to pay your car insurance? If so, you may have gotten a letter that the policy is ‘pending cancellation’? That same rules apply to your homeowners insurance. If you miss a payment, your policy will end. As a result, your home won’t have coverage if anything bad happens.
The best way to avoid this from happening is to set up an auto-pay. Auto-pay is system that automatically pays your homeowners insurance before the due date every month. Or you can create a monthly bill pay list, That way, you won’t forget to make a payment. What do you do In the event where you lose your job or have financial difficulties? Your agent may be able to help you change your payment schedule.
Make a List of Items in Home
If a disaster occurs, you may be emotional or upset. This could make you not notice if anything missing or damaged at the time of your claim. We suggest homeowners make a list of items in each room of their home. This includes video and photographs of the home and property.
This gives you proof if any damage that occurs. In turn, this can speed up the claim process. It also helps you if you forget to claim something valuable that is damaged or stolen from your home. The list is basically an insurance policy for your homeowners insurance policy.
Your Credit Score May Affect Your Premium
There are a lot of factors that affect your premium. Most have to do with the area of where your property is located. Meaning the city and county. However, personal details can also raise the cost of your premium. Your credit score is one of those personal details.
While you may not be able to raise your credit score, there are other ways you can lower your premium. Read more down below or ask your agent when seeking info on home insurance.
Update Your Policy After Any Repairs
You may think that any home repairs will be covered under your insurance policy. That is not always the case. If you add a porch or swimming pool, they need to be added to the policy before any work is done. Anyone working on the home needs to have their own insurance. This will cover the homeowner in case of an injury while the repair work is being done. Some additions to the home may need special coverage. You don’t want to complete the repairs only to suffer a disaster. Then to make matters worse, find out any damage to the new area of the home isn’t covered.
Home Safety Features Can Lower Premium
Car insurance policies often offer discounts for daytime running lights and more. These built-in devices are called safety features. Many homeowners insurance also offers credits for safety features. Burglar alarms and smoke detectors can help lower your premium. The reason is because these features help prevent damage from happening to your home. Many insurance companies also offer lower premiums if a certain amount of time passes without any claims made on the policy. Your insurance agent will have more information on what safety features you can put in your home to lower your premium.
Homeowners insurance is important. Especially if you live in a state where your home is at the whim of Mother Nature. Protect your family by insuring your home today.