Homeowners

Homeowners, Flood, Condo, Landlord, Renters

Home Insurance Overview

Homeowners insurance provides financial protection against disasters for your home, its contents, and other valuable possessions. Additional coverage options can customize your policy to fit your needs.

Putting it all in context:The purpose of homeowners insurance is to cover the cost of restoring your home and possessions after a covered loss to the same condition they were in before the loss occurred. There are several different types of homeowners insurance policies that are available and not all coverage types are the same or are available in all states.
You should speak directly with your agent about your specific coverage needs and the options that are available to you.

A homeowners policy can cover:

  • Damages to your home’s physical structure
  • Damages to other structures like garages or sheds
  • Your personal belongings, whether they’re in your home or elsewhere
  • Temporary living expenses in the case your house becomes uninhabitable due to a covered loss
  • Your personal liability in the event someone is injured or their property is damaged

You can also select policy enhancements and add-ons such as valuable items coverage, replacement cost coverage for your belongings, extra coverage for your belongings for full replacement costs regardless of depreciation, additional home replacement building costs.

Choosing Your Home Deductibles:

The deductible on your homeowners policy applies to the property portion of the policy. A deductible is the amount you would have to pay out of your own pocket before the insurance coverage takes over. Typically, increasing your deductible reduces the cost of your homeowners policy.
The amount you choose for your insurance deductible depends on how much you are prepared to pay if a covered accident occurs to your home. When choosing a deductible, keep your budget in mind to minimize any impact to your current lifestyle.
Speak directly with your agent about specific deductible options available to you.

Flood Insurance Overview

The National Flood Insurance Program makes federally backed flood insurance available for all buildings. Flood insurance covers direct losses caused by surface flooding, including an overflowing river, near by lakes, drainage ditches, creeks and canals, a tropical storm and local drainage problems. Homeowner’s insurance policies do not cover losses due to flooding.

The National Flood Insurance Program insures with two types of coverage: structural and contents. Structural coverage is for the walls, floors and other items permanently attached to the structure. Contents coverage may be purchased separately provided the contents are in an insurable building. Renters can also purchase flood insurance for contents.

This coverage from the NFIP is an asset to you as a home or business owner. It reimburses you for covered financial losses from flood damage. For a modest annual premium, you can have peace of mind that you will be paid for your eligible losses.

Condo Insurance Overview

Condo associations have master policies that cover the association property, common areas and physical structure of your building. The master policy typically will not cover the interior structure of your condo or your legal responsibility to others. Condo associations may also have the right to levy a “loss assessment” on unit owners should there be a claim against the master policy.

That’s where condo insurance comes in.

As a condo owner, you have unique requirements for protecting your property, because your building and your individual unit have separate needs. While your condo association may have an insurance policy, only condo insurance covers your personal property and personal liability. So you can rest assured you’re personally protected.

A Condo policy can cover:

  • Damage to your furniture, clothing, appliances and other personal items
  • Your personal belongings, whether they’re in your home or elsewhere
  • Common loss assessments made by the condo association for all unit owners
  • Your personal liability in the event someone is injured or their property is damaged

You can also select policy enhancements and add-ons such as valuable items coverage for your belongings for full replacement costs regardless of depreciation.

Landlord Insurance Overview

If you own a home or apartment and are renting it out, you have special insurance coverage needs that standard home and condo insurance will not provide.  The coverage you need is found in a landlord insurance policy.

A Landlord Policy Provides The Following
  • Property insurance – covers your building or condo
  • Liability insurance – increased limits to cover bodily injury, property damage or personal and advertising injury.
  • Business personal property – although your rental property may be unfurnished, this provides coverage for kitchen appliances and other property belonging to you.
  • Rental income protection – if your tenant must vacate the property due to a covered loss, you policy will cover the lost rents during repairs.

Your agent can provide more information on the coverages and optional endorsements available to you.

Renter’s Insurance Can Cover:

  • Damages to furniture, clothing and other personal items
  • Your personal belongings, whether they’re in your home or elsewhere
  • Personal liability for another’s injury or their property, if damaged
  • Loss of Use – temporary housing if you are forced out of your apartment due to a loss

You can also select policy enhancements and add-ons such as valuable items coverage for your belongings for full replacement costs regardless of depreciation.

  • Auto

  • Home

  • Business

  • Claims

  • Health

  • Life

Contact Information

Address:
8680 49TH Street N.
Pinellas Park, FL 33782

Phone: (727) 547-1777
E-Mail: bayareanofault@gmail.com

Location Map