Homeowners Insurance Florida

Basics of Homeowners Insurance

Whether you already own a home, or you are in the process of buying one, you need to understand the basics of homeowner’s insurance for Florida from FloridaInsuranceQuotes.net.  While you may think you can let this decision slide, the fact is that you will not be able to secure a home loan without one.  Understanding these basics will help you choose a plan that is right for you, as well as one that will protect you in the ways you need.

What is Homeowner’s Insurance?

Homeowner’s insurance Florida protects your finances in the event that there is a disaster.  When it comes to your home, there are many things in Florida that can pose a threat, including fire, flood, high winds, volcanic eruptions, or even someone being injured on your property.  This insurance helps to ensure that you will be able to fix the damage to your home, or even rebuild if it is completely destroyed.

Understand What You Are Choosing

When choosing Florida homeowner’s insurance, it is very important that you know what you are paying for.  You want to make sure that you are choosing insurance that will pay for the actual cost of replacing your home, referred to as construction costs.  You should not include the value of the property that your home sits on, or the market value.

How Your Rate is Determined

Several factors go into determining the cost of your homeowner’s insurance Florida rates.  The age of your home is a key factor in your coverage.  Older homes may result in higher rates due to the unavailability of original building materials, and the age and condition of your plumbing and electrical systems, roof, and heating and cooling systems.

There are some areas that are more susceptible to weather related issues, such as flooding and mud slides, as well as burglaries and other crimes.  If you have safety features in your home, including dead bolts, alarm systems, and other safety features, this will usually help with the cost of your homeowner’s insurance.

What Your Policy Covers

While there are many different options available for homeowner’s insurance, it is also important to understand the additional coverages that are available with most policies.  These coverages may not be available on all policies, so you will need to verify whether they are or not, depending on the company.  Additionally, you also need to be aware that these coverages have specific limits that are described in the policy that you choose.  These are some of the additional coverages that may be available:

  • Coverage that pays for the replacement of your belongings if they are destroyed
  • Additional living expenses in the event that you are unable to live in your home due to the level of damage.  These coverages generally cover the cost of hotels, meals, and laundry needs.
  • Liability coverages that pay if someone is injured on your property
  • Medical coverages for third party injuries, or those that are the result of your pet attacking someone
  • Valuables coverages to provide additional compensation for computer systems, jewelry, antiques, or other high value items.

All of these coverages are generally available at an additional cost to your homeowner’s policy.  Check with the provider to find out whether these coverages are available, and how much they will add to the overall cost of the policy.

Be Prepared

When you are ready to choose your homeowner’s insurance Florida policy, you will need to make sure that you have a complete inventory of your belongings.  You should also consider taking photos of every room and storage areas in your home.

Florida Auto Insurance Rental Car Accident

What You Need to Know About Florida Auto Insurance Rental Car Accident

If you’re traveling in Florida, you may find yourself with the occasion to use a rental car. Taking this option can make your trip far more convenient and rental car companies are great these days about providing as many services as necessary to make your experience as enjoyable as possible. However, if you don’t know about Florida auto insurance rental car accident, your enjoyment will be short. So before you rent a car in Florida, be sure you continue reading the rest of this article.

Renting a Car

There are a number of things that go into renting a vehicle in Florida, about the offer of insurance is almost always part of it. Depending on whom you speak to, this is either tantamount to a scam or an easy decision to spend a few bucks in order to potentially save yourself a lot of money in the worst case scenario. The truth is that there are a number of things to consider to best make this determination.

Call Your Agent

If you have a license and drive in Florida, you should have auto insurance. If you don’t, that should be your main concern far before trying to figure out Florida auto insurance rental car accident. You could face a serious fine or ticket if you’re pulled over without insurance and probably won’t be able to rent a car anyway. I would visit a website like this one where they can quote you on every available insurance rate.

However, if you have an insurance agent, you should give them a call whenever car rental is a possibility in your future. That’s because your current insurance policy may already cover car rentals, making the step a redundant one.

That being said, every policy is different. So the actual coverage you’ll receive is going to be different too when it comes to deductibles and other details. So make sure your agent spells this all out for you. Even if you already have a policy, some form of Florida auto insurance rental car accident may turn out to be a good idea.

Check with Your Credit Card Agency

You may be surprised to find out that your next call after speaking to your insurance agency should actually be your credit card agencies. That’s because a number of these companies actually offer their own form of rental car insurance. Just check for the customer service number featured prominently on the back of your card.

That being said, credit cards have limits on how long they’ll cover your rental car for, though it generally lasts for at least two weeks. Furthermore, they usually provide what is known as secondary coverage. This means, in the event of an accident, they’ll insist you first run your claim through your insurance company, the rental car agency, etc. before turning to them.

So the next time you’re renting a car, the truth is that it actually probably doesn’t pay to buy the insurance. However, it absolutely will pay to first do your homework on the matter. Review the above information to find out if you’re already covered or what your best option will be for insurance.