There are certain things to consider and look out for when purchasing your policy. Insurance is about more than just protecting against structural damage or theft. It’s just as much about feeling safe and secure knowing you will be protected should disaster strike.
Here are some things to keep in mind when shopping for the right company and policy:
What it covers – A typical policy will pay for damage to your property and your possessions in the event of certain storms, fire, theft or vandalism. It also provides liability coverage if someone gets hurt on your property and decides to sue, as well as covering shelter costs should you be temporarily displaced from your home.
What it doesn’t cover – A standard policy has exclusions, including earth movements (landslides, earthquakes), power failure, faulty zoning, bad repair or workmanship, defective maintenance and flooding. Windstorms are typically covered, including tornadoes, although insurance companies exclude tornadoes or hurricanes in some high-risk areas.
Water damage is tricky. As a rule of thumb, water from above (rainwater or a burst pipe in an upstairs apartment) is usually covered, but water from below (backed-up sewers or ground flooding) generally isn’t. If your region is prone to floods and earthquakes, you should consider supplemental coverage.
Preventive actions can reduce premiums – According to insuranceagents.com, you can reduce your premium by about 5% if you install something as a simple as a deadbolt, and up 15-20% for a burglar alarm system. Insurance companies price your premium based on how much risk they foresee, so you can reduce the premium by reducing your liability risk.
At Zellner Insurance Agency, we offer more than just health insurance. We also provide Florida homeowners insurance, commercial lines of insurance and other personal insurance policies. Contact us today to learn more about our Florida homeowners insurance policies today.