Florida Homeowners Insurance

Homeowners Insurance

Palm Beach, Broward & Miami Dade County

The Insurance Ladies has partnered with most insurance companies offering homeowners in the entire State of Florida, that also work closely with our South Florida (Miami-Dade, Broward and  Palm Beach Counties) difficult markets.  Our agents are experienced in helping homeowners and renters find the right insurance solution. When it comes to your home, obtaining expert advice and the right coverage is in your best interest

Types of Property Insurance Offered

Homeowners

Rental Properties

Renters

Builder’s Risk

Flood

Home Insurance Coverages

Standard homeowners insurance policies will typically help pay to repair damage caused by certain risks, or perils, including:
● Theft
● Fire and smoke
● Windstorm or hail
● Falling objects
● Frozen plumbing
● Water damage from plumbing, water heater, heating or cooling system or appliance

IMPORTANT TERMS TO UNDERSTAND IN RELATIONSHIP TO
HOMEOWNERS POLICIES ACTUAL CASH VALUE VS. REPLACEMENT COST

Actual Cash

Actual cash value refers to the current value of property measured in cash. Insurance adjusters typically arrive at the ACV amount by taking the replacement cost and deducting depreciation that’s brought about by wear and tear and age

Replacement Cost

Replacement cost is a payment equal to the amount you’d pay to replace whatever was damaged or stolen at today’s cost.

What Does Homeowners Insurance in Florida Cover?

Home insurance policies in Florida provide the following types of coverage:

Dwelling

Covers damage or destruction to your house in the case of any untimely events, including hail, wind, fire, and theft.

Personal Property

Covers the contents of your house that are damaged, stolen, or destroyed, including furniture, clothing, technology, and appliances.

Liability

Covers you against financial loss if you are sued and found legally responsible for someone else’s injury or property damage.

Medical Expenses

Covers necessary medical expenses incurred in the event there is an accident at your home that caused bodily injury to someone else.

Loss of Use

Covers additional living expenses if your home is uninhabitable due to a covered loss. Most insurance policies pay 10% to 20% of the amount of your dwelling coverage.

Other Structures

Covers damages or destruction to other structures on your property, such as your garage, patio, fence, gazebo, small shed or barn.

Factors That Affect Home Insurance Premiums

The more risk your house carries of fire dangers, liability issues, or crime will affect your insurance premium. Check out this complete list to see what factors affect your Florida Homeowner’s premium.

AGE OF THE HOUSE

New houses can be up to 25% cheaper to insure than older houses due to their lower risk factor.

TYPE OF STRUCTURE

The size, materials used , and condition of your house will affect the insurance premium rate.

WIRING & PLUMBING

How old or new your plumbing and electrical systems will affect your insurance premium.

EXTERNAL STRUCTURES

The condition and respective risk of a roof, garage, swimming pool, or trampoline will affect your insurance premium rate.

LOCATION

Expect to pay a higher premium if you live in an area prone to natural disasters, floods, and crime.

SECURITY SYSTEMS

Installing security measures such as alarm systems, locks, or security cameras can reduce premiums.

FIRE SAFTEY

Living near a firehouse or fire hydrant can lower premiums. Having fire hazards like outdated heating systems or wood-burning stoves can increases premiums.

PURPOSE

Houses that are used to run businesses run higher risks of facing lawsuits, theft, and accidents, consequently incurring higher premiums.

PERSONAL FACTORS

Being married, owning a dog, or being an avid smoker can affect your HO Florida insurance premium.

DEDUCTIBLE AMOUNT

The higher the deductible, the more money you can save on your premiums. Choosing the right deductible amount is important for your finances in the long run.

CLAIMS HISTORY

The more often claims are filed, the higher the premium is. Remember that claims you have filed at previous residences will follow you.

CREDIT HISTORY

You can not be refused coverage because of low credit. On the other hand, you can be offered a discount on your premium if you have a higher credit score.

Our Trusted Partners

The Insurance Ladies

900 Sheridan Street, #174 Pembroke Pines

(786) 838-4288

info@theinsuranceladiesfl.com/

theinsuranceladiesfl.com