Is Screen Enclosure covered in my Homeowners Insurance? Palm Bay, Florida -
Welcome back. Today, we’re talking about homeowner's insurance, and one of the things we wanted to talk about was, what does my homeowner's policy cover? And actually, it’s a lot more than most people would think.
That’s right. The homeowner's policy covers several different things. It covers, first of all, the home, which we call in insurance the dwelling. Which means the actual building that you live in, that you reside in, and also, other structures that are attached to it.
One of the things now that used to always come with the policy is your screen enclosure. And ever since 2004, the hurricanes, a lot of companies now have said, “If you want coverage on your screen enclosure, you have to pay extra.” They came out with this after they figured out 57% of all the claims were to screen enclosures. So what they said is, “Hey, if you want screen enclosure you have to pay extra.” Now, what happened was, some companies took the coverage away and sent you a letter and said, "If you want screen coverage, you better let us know." If you didn’t let them know, you may have a policy that doesn’t cover screen enclosure anymore. So, I would suggest that you review that particular item.
Absolutely. And something else that you should always remember is, your insurance policy is intended to compensate you if something bad happens, if you have some type of damage to your home whether it be hurricane or a fire or something to that effect. It’s not designed to compensate you if you simply have a roof that gets old. Sometimes, the roof just gets old. And if it’s ten or twelve years old, it might start to wear a little bit. There might start to be some noticeable signs of damage that has nothing to do with what’s covered under this policy. So, this is not a maintenance contract. This is an insurance policy designed for direct damage. And other things that are covered under the homeowner's policy-- we call that dwelling coverage, that we also call it Coverage A for those of you that are interested. That’s what we call it.
Again, give your agent a call, review your policy, and if you’d like a second opinion, give us a call at the Insurance Center of Central Florida. Our number is below.
Insurance Center of Central Florida
http://www.TheInsuranceCenter.us/
1-888-363-4706
Liability Coverage - Homeowners Insurance, Palm Bay, Florida
The last part of the policy we’re gonna talk about is what we call Coverage E or Section 2, as some like to call it, is the liability portion. Up to this point of the conversation, everything has been about property. Tangible property. What happens if the house burns? What happens if my clothes burn in a fire? But an extremely valuable part in the homeowner's insurance policy is this serves as liability coverage for you if cause damage or bodily injury to somebody else. So, if you think about it, if the kids go down the street to play football together, and your kid happens to be the one that hits the growth spurt before everybody else and also happens to be the one to suggests, “Let's play tackle. We’re too old to play touch football anymore.” And there’s an injury during the game, which happens all the time. That is a liability claim against your-- if there’s a liability claim against your family, this homeowner's policy can chip in the necessary funds to cover medical expenses, other expenses related to the injury, whether it be a loss of work, they can’t go to work. They’re losing income, and it can cover if you damage somebody else’s property.
One example, and I’ll give you a good one, and people always think of somebody getting hurt on their property, and this is away from the house as well. It follows you around wherever you go. Couple examples. Let's say your snow skiing, your ski falls off and hits somebody in the head. That’s a liability claim, and your homeowner's will pay it, no deductible. Another one that's famous is Dick Cheney shooting his buddy in the woods. That’s a liability claim. He can go to his company and say, “Listen, this is an accident. I shot him by accident. Please pay his medical bills, loss wages, pain and suffering." That’s a covered claim, you know. You just don’t think about it because nobody wants to read their policy.
And the scary thing about a liability claim is property has a value. It has a set value. You know how much it’s gonna cost to replace a table. You know how much it's gonna cost to replace a shirt.
If you did your cost estimate.
If you did your cost estimate. They’re only worth so much. A liability claim, particularly a bodily injury claim, you just never know. Injuries can manifest. They can develop into something much worse than they were when they started. And they can go on for months, and they can go on for years. So, liability coverage under this policy is extremely valuable. It can pay the cost to defend you if you get brought into a lawsuit because you hurt somebody. This coverage-- it’s extremely important to know exactly how much liability coverage you have.
Keep in mind, too, that a normal policy starts at $100,000, and you can raise it really cheap. You’d be amazed. Normally, you’d go for $100,000. The next level is $300,000. And typically, it’s 18 to 20 bucks a year just to get more coverage.
Again, give your agent a call, review your policy, and if you’d like a second opinion, give us a call at the Insurance Center of Central Florida. Our number is below.
Insurance Center of Central Florida
http://www.TheInsuranceCenter.us/
1-888-363-4706
Refer A Friend
The Insurance Center of Central Florida has a referral program where you can WIN! You can receive a $100 gift card to Island Pasta Company! We want you to know we value you as clients and hope to develop long-lasting business relationships!
http://www.theinsurancecenter.us/
http://www.theinsurancecenter.us/
What are the policy limits in the standard homeowners policy?
The dwelling and other structures on the premises are protected on an "all risks" basis up to the policy limits. "All risks" means that unless the policy specifically excludes the manner in which your home is damaged or destroyed, there is coverage. The policy limit for the dwelling is set by the policy owner at the time the insurance is purchased. The policy limit for the other structure is usually equal to 10% of the policy limit for the dwelling.
Losses to your personal property are covered on a "named perils" basis. "Named perils" means that you have coverage only when your property is damaged or destroyed in the manner specifically described in the policy. The policy limit on the coverage is equal to 50% of the policy limit on the dwelling. Limits for the coverage for the additional expenses that the policy owner may incur when the residence cannot be used because of an insured loss is equal to 20% of the policy limit on the dwelling.
The coverage limit on personal liability is determined by the policy owner at the time the policy is issued. The coverage limit on medical payments to others is usually set at $1000 per injured person.
Log-on to www.TheInsuranceCenter.us for details or call us at 800-659-0986.
Homeowners Insurance Coverage
What does homeowners insurance cover?
The typical homeowners policy has two main sections: Section I covers the property of the insured, and Section II provides personal liability coverage for the insured. Almost anyone who owns or leases property has a need for this type of insurance. Usually, homeowners insurance is required by the lender to obtain a mortgage.
For more information or a free quote visit us at: www.TheInsuranceCenter.us for details or call us at 800-659-0986.
Florida Golf Cart Coverage
If you use your golf cart or your children do for more than just cruising down the fairways, it may be wise for you to invest into golf cart insurance. If you live in a retirement community or in large condo complex, a golf cart is the ultimate convenience.
Our Florida golf cart insurance can protect your golf cart if it isn’t included in your homeowners policy. As long as your golf cart is only used for personal reasons, our policy can provide coverage for injuries, property damage, collisions, cart accessories, roadside assistance, and cart transport by trailer.
With golf cart coverage from the Insurance Center, you won't have to find out what it's like to be without your ride. Contact us today to get started - Log-on to www.TheInsuranceCenter.us for details or call us at 800-659-0986.
Florida Condo Insurance
Looking for Townhome or Condo Insurance? You’ve Come To The Right Place.
If you own a Townhome or condo, you have different insurance needs than the typical homeowner. Not only do you own your individual condo, you also share ownership in the common areas and overall structure of your building. If shared areas need upkeep and maintenance, your association will typically handle the expense through their insurance package. Although your association dues help pay for upkeep of the common areas, they do not typically cover your personal property within your own unit, or your liability if someone is injured on your property.
Condominium insurance provides protection where a condo association falls short. Condo and Townhome coverage covers your possessions within your unit, including furniture, appliances, kitchen and bath facilities and your personal items. If you plan on upgrading your unit, any improvements you make will also be covered under your policy, including wall units, renovations, wallpaper.
Log-on to www.TheInsuranceCenter.us for details or call us at 800-659-0986.
Florida Renters Insurance from the Insurance Center
Don’t Risk Everything You Own — Get a Free Renters Quote Today!
If you’re a renter and you value your personal property, investing into a renters policy is crucial. Your landlord’s insurance only covers the building, not the contents of it.
Many people don’t realize how important renters coverage is. Imagine one storm, break-in, or fire wiping out everything that you own. If you’re uninsured, you’ll have to pay to repair or replace everything out-of-pocket.
It doesn’t matter if you rent an apartment, a condo, or a house — our agents at the Insurance Center will discuss your assets with you in order to determine the right policy for your needs, and then we’ll shop our 25 carriers to find it for you!
You deserve the peace of mind in knowing that everything inside your rented walls is protected. Contact us today to find out more, or simply visit our quote page for a free Florida renters quote! Log-on to www.TheInsuranceCenter.us for details or call us at 800-659-0986.
Florida Motorcycle Coverage from the Insurance Center
The Insurance Center
We love our motorcyclist clients, and we believe that no protection is too good for your bike. For many of our customers, their motorcycle is one of their most important assets. We want you to feel secure and confident in your policy.
When your motorcycle is involved in an accident, we want your policy to come through for you so that you can get back on the road as quick as possible.
To get on the road to outstanding protection, simply contact us today at 800-659-0986, or visit our quote page at: http://www.theinsurancecenter.us/quote/tabid/36268/default.aspx
The Insurance Center is here to help individuals and families with their personal insurance needs by providing the highest level of product knowledge and fair, honest pricing. We want our clients to know what they are buying and why they're buying it, whether you need an auto insurance policy for your new car or a policy for your home.
Insurance Center of Central Florida
http://www.theinsurancecenter.us/ - or call us at 800-659-0986.
http://www.theinsurancecenter.us/ - or call us at 800-659-0986.
The Insurance Center is here to help individuals and families with their personal insurance needs by providing the highest level of product knowledge and fair, honest pricing. We want our clients to know what they are buying and why they're buying it, whether you need an auto insurance policy for your new car or a policy for your home.
Insurance Center of Central Florida
http://www.theinsurancecenter.us/ - or call us at 800-659-0986.
http://www.theinsurancecenter.us/ - or call us at 800-659-0986.
Florida Homeowners Coverage from the Insurance Center
Every homeowner needs a good solid homeowners policy to protect their investment from the exposures of severe weather, fire, vandalism, and theft. Whether you just bought your first home, you’re building the house of your dreams, or you’re just looking for a better policy, the Insurance Center can help. We work with 25 carriers to find the coverage you’re looking for, at a rate you deserve. Not only will we find the protection and rate you want, we’ll also stay in touch with you to make sure that your policy remains up-to-date so that you’re always adequately protected. Why not take a few minutes to fill out our free Florida homeowners quote form to see how much we can save you? Having your current homeowners policy nearby will ensure accuracy and speed. You can also contact us at any time to get on the path to great coverage, great rates, and great savings! Log-on to www.TheInsuranceCenter.us for details or call us at 800-659-0986. |
Subscribe to:
Posts (Atom)
