Each year, millions of people buy new homes in the sunshine state. The process may be rigorous and understanding the insurance portion of buying a home can be a little confusing to first-time home buyers. While every home may be different, insurance policies for properties are fairly uniform across the board when it comes to what coverage is offered. Where things get different is where the house is located, and what type of structure it is.
Part of our job as an insurance agency is to let our clients know how things work. We understand that homeowners insurance is necessary to purchase a home, but let’s break down what coverage is offered inside of a homeowners policy. In order to properly insure your newest, and most expensive investment, our quick explanation will help you understand how and why homeowners insurance is needed when buying a new home. With so many different policies in the category, it may be hard to choose the right one.
In this installment of “Ask an Expert”, Whit Harris gives us the details on Homeowners Insurance and who needs it!
Homeowners policies typically come in two sections. These two sections are property coverage and personal liability. Within the property coverage area of homeowners insurance has four sections that give the owner coverage of their home’s structure, additional structures on the premises, personal property inside the home, and loss of use. Personal liability which provides coverage if there are any accidents or damage to the property.
Have a question you’d like answered? Check out our FAQ page, scroll down to the in-site form and ask away! We can’t wait to answer your questions and help you navigate the complicated yet necessary world of insurance.
Call us at 850.244.2111 or email at service@harrisinsurance.com if you need additional insurance information
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LEGAL DISCLAIMER
Views expressed here do not constitute legal advice. The information contained herein is for general guidance of matter only and not for the purpose of providing legal advice. Discussion of insurance policy language is descriptive only. Every policy has different policy language. Coverage afforded under any insurance policy issued is subject to individual policy terms and conditions. Please refer to your policy for the actual language.
