Under Florida law, it is not necessary to have homeowner's insurance. However, it is in your best interest to set up an adequate home insurance policy, whether you have just purchased your first house or have been in residence for many years.
One of the main reasons you will want to have homeowner's insurance is to keep your real estate property and belongings protected. In the event of an unexpected accident, a natural disaster, or if there has been a fire on the premises, you want to ensure that you will be able to repair and replace the property and items that have been damaged. As an extension of this, you can acquire liability insurance in case someone is injured by your pet (this only applies to certain pets) or in your pool.
It can be daunting to figure out what type of coverage you need for your home. The agents at TBIG Insurance, Inc. in St. Petersburg, FL are available to discuss matters of insurance at length so that you can make an educated decision.
The home insurance will cover the following areas:
- Personal property (which is the contents that are within the structure)
- The structure (which is the dwelling)
- Any other structures on the property (such as fences and sheds)
- The loss of using the structure (which is known as Additional Living Expense or ALE)
Many policies do have limits when it comes to specific personal property. This often includes cash, electronics, furs, jewelry, firearms, and antiques. In this instance, you could have it added on for an extra premium on your policy.
Some policies will provide for Additional Living Expenses that incur while seeking accommodations due to repairs being done on your property. This includes food expenses, housing, furniture rental, storage, and payment for utilities used while off the property.
No matter what you need to know about your home insurance in St. Petersburg, FL, feel free to reach out and speak to a representative at TBIG Insurance, Inc. right away. Also, try our online rating tool for quotes on auto and home insurance from your computer. Let us help you get started on home coverage.