Most homeowners don’t realize that their homeowner’s insurance in Florida has a dedicated area in the contract of what it does and does not cover. So many times we’ve run into homeowners who just assume they know what their home insurance covers, but have never actually taken the time to read over the contract. To help you understand what you may not know, here are a few things that most home insurances actually cover.
Mandated upgrades & spoiled food coverage
The standard home insurance policy is called an HO-3 home policy. This policy will cover any costs for ordinance or law, which means that they will cover any costs associated with keeping your property up to code after a major incident. The mandated upgrade will differ from state to state, however, if your state requires that you have sprinklers, fencing, etc., by law, the policy will have to pay for you to get those installed. Some homeowners do not know that home policies also cover of an owners refrigerated items. This means that if your refrigerator or freezer gets damaged in a flood, power outage, or any other event, the items as well as the fridge can be replaced or compensated.
Slander, Libel and Dog Bite Lawsuits
Another type of coverage that is included in basic home insurance policies is slander, libel, and dog bite lawsuits. There is a section that covers liability charges, meaning if you’re sued the insurance will cover oral or written publications of material that is slandering or libels a person or an organization. There is also a liability that protects against dog owners. If your dog is on your property and bites someone, you may not be found liable. The max amount policies usually provide to their clients are around $100,000 to $300,000.
It’s recommended that anyone who has homeowner’s insurance should start viewing it as a liability policy, as sometimes it doesn’t even have to be related to your home. The policy will actually help cover against acts that do damage to their clients as well. So if you were to accidentally get injured or injure someone else, your homeowner’s insurance may be able o cover the damages. More details here: https://www.thebalance.com/weather-water-damage-home-insurance-coverage-3862186
Additional Living Expenses and Falling Objects
If your home suffers from pipes that burst, damage on your property, storm damage, etc. homeowner’s insurance will also cover these costs. Some people aren’t aware that homeowner’s insurance will cover fallen branches or any other fallen objects that damage any of your possessions on your property.
As you can see, homeowner’s insurance can be a key force when it come sot keeping your house protected and in the best possible shape. It’s beneficial to know what your insurance policy does and does not cover, as each plan will cover difference aspects of your home. It’s important to be aware of this because many individuals will think that something is covered by their insurance, when it really isn’t. That implication can put you into a bad situation where your home will be damaged and you will have to cover the costs and not your homeowner’s insurance in Florida