Homeowners Insurance

Homeowners insurance is designed to protect your family, your home, and the belongings within it. If you own a home, homeowners insurance is essential to help reimburse you after an unexpected event causes damage to your home or property. It also protects you from liability if someone is injured on your property or if your family causes injury to a person or property. Homeowners insurance policies come in all shapes and sizes, and it’s important that you find a policy with the right level of coverage at the right price. If you took out a home loan to purchase your home, you almost definitely are required to carry a homeowners policy. The insurance team at Coastal Insurance Group, Inc., helps clients in Key Biscayne, Pinecrest, Doral, and nearby Florida communities with their homeowners insurance needs. We offer free quotes and consultations, so contact us to get started today.

Basic homeowners policies have a few different components, each designed to protect policyholders against different types of damage.

Dwelling Coverage

Dwelling coverage protects the physical structure of your home, including its foundation, walls, and roof. It can also cover other detached structures on your property like guest houses, sheds, and garages. If damage occurs to your dwelling caused by a covered incident, such as fire, vandalism, or hail, your policy will cover repairs or replacement.

Personal Property Coverage

Personal property coverage protects the belongings inside of your home after an unexpected event. When it comes to personal property coverage, itemizing your belongings is of utmost importance. You’ll need to take careful note of all the belongings for which you would want to be reimbursed if a covered event occurs. From jewelry and sentimental items to valuable electronics, dinnerware, furniture and more, it’s up to you to identify items you want covered and for how much.

Liability Coverage

Liability coverage, much like an auto liability policy, protects your family if someone sues you because they’re injured on your property or if they claim you caused injury to their person or damage to their property. Liability coverage can cover the financial expenses of medical bills, repairs or replacement of another’s personal property, and the cost of legal fees if you are sued.

Additional Living Expenses Coverage

Additional living expenses coverage provides financial security if your home is damaged severely enough during a covered event that you and your family need alternative housing while your home is repaired or replaced. This coverage provides money for a hotel or motel while you’re displaced from your home.

Coverage Exceptions

As previously mentioned, homeowners policies aren’t a catch-all for every type of destructive event. While most weather-related damage caused by fire, hail, and lightning is covered, flooding and earthquakes are almost never covered by a traditional homeowners policy. If you are in an area at risk of flood or earthquake, you may need a separate policy.

Get Covered Today

An insurance agent can help you ensure you get just enough homeowners insurance coverage to protect you when the unexpected happens, without costing you too much each month for your premium. The team at Coastal Insurance Group, Inc., would love the chance to help you find a policy to keep you, your family, and your belongings protected. Contact us if you live in Key Biscayne, Pinecrest, or Doral, and you’d like to learn more.