When many people think of Home Insurance they do so because they have a mortgage or home equity loan and the bank requires it. Then people are just looking for the cheapest price for whatever the bank requires.
When you think of your Homeowners coverage, we want you to feel confident that you have the proper protection in place. We want to give you peace of mind that you and your home are protected.
Home Insurance offers much more than just coverage if your home burns down. It can cover a wide array perils, such as:
Wind / Hurricane.
Accidental bursting of pipes.
And much more!
Many of these type of coverage are built in automatically and then there are several other endorsements that also can be added, such as the backup of sewer and drains or sump pump failure.
Unlike a single-family homeowner, you have a number of policies in force between your personal insurance and the community insurance. You need to make sure that this insurance overlaps so as not to let risk seep through the seams.
Because there are various policies in place, you need to make sure that you don't overpay for unneeded insurance - already covered by the master insurance plan - and that you have extra liability insurance where the master insurance stops.
FL Condo insurance is available at reasonable rates to anyone who owns property in a development with joint property ownership. It is distinct from homeowner insurance because it works hand in hand with your association's insurance policy.
For more detailed description and explanation of the various coverages involved in an Home & Condo Insurance policy, please check out our learning center page.