Insurance can be a very wonderful thing if you experience a loss. Most people do not have the disposable income to handle a loss all on their own, which is why they have insurance. Insurance will pay for damages for you, so you can recoup whatever it is you lost. However, insurance is not a magic wand. It only covers the things specified in your policy. What you may not realize is that when it comes to your renter's or homeowner's insurance in Florida, you likely do not have flood insurance coverage.
It is the aftermath of a hurricane. Your Jacksonville home has taken some damage, but since you have property insurance, you are feeling confident that you can repair your house and get on with your life. However, if you own an old home, you might find that your insurance policy is not willing to fully cover your repairs. To understand why these issues may occur, it helps to know whether insurance companies are eager to cover damages inflicted on older houses.
When you choose an insurance policy for your property in Florida, one of the decisions you need to make is how much coverage to buy. This is not always a straightforward thing. You have many considerations to make. It requires understanding what the policy covers and what coverage you actually need.
Florida homeowners know all too well the damage water can inflict on their property. Such damage often results in a claim made to the homeowner’s insurance company, from which compensation is provided to repair and replace damaged fixtures. While water damage can be covered by standard property insurance, flooding and other types of water damage require separate coverage.
Hurricane Florence is on the minds of many people living in Florida and surrounding areas. Along with concerns about getting you and your family to safety, you may also be wondering whether your property is protected under your current insurance policy. Allstate explains how coverage is determined when a home or other property is damaged by a hurricane.
If your Florida business sustained damage as a result of a natural disaster, you may assume that your insurance coverage will kick in. However, in some cases your insurance policy may fail to offer coverage based on the details on how the damage occurred. Because these issues can be complex even if you have a good understand of your insurance policy, Marsh.com offers the following information.
Securing the right insurance policy is crucial for Florida property owners to protect what matters most. That’s why it’s so important to understand the difference between insurance products, such as property and liability policies. Insureon.com explains these differences, so you can make sure your current policy offers the protections you need (which will prevent denied claims when the time comes).
The door of your home in Jacksonville may be open for all to enter. That is, of course, excluding those people (and things) that you do not want to be there. Mold is likely right at the top of that lise, yet somehow it can find its way in, anyway. You might think that the reason you have homeowners (or property) insurance is to handle these exact situations. However, if you do end up submitting a claim, you make quickly discover (just as others have) that insurers rarely cover mold remediation. Why is that?
As a commercial property owner in Florida, you know having the right insurance in place is vital to protect your investment. However, did you know that there are actually a few different types of property insurance available? The Balance offers the following information on the differences between property coverage, which can help you find the best policy for your needs.
For Florida residents, hurricanes and property insurance issues often go hand in hand. While you may not have any control over what the weather brings, you can take preventive measures when it comes to minimizing property damage and ensuring solid insurance coverage.