Homeowners Insurance: What Is Covered?

homeowners-insurance-what-is-coveredHomeowners insurance or home insurance is a necessity. It protects your home and possessions against damage or theft, and most importantly, mortgage companies also require borrowers to have insurance coverage for the fair value of a property.

Landlords may also require tenants to maintain renter’s insurance. Generally, homeowners insurance policies cover the destruction and damage to a home’s interior and exterior, the loss or theft of possessions, and personal liability for harm to others. Three basic levels of coverage exist— actual cash value, replacement cost, and extended replacement cost/value. However, these may vary, depending on the insurance company.

Our insurance agency in Florida offers home insurance. Our policy rates are determined by the risk that is to be insured. We assess this risk based on your past claim history that is associated with your home, its condition, and the neighborhood you are in.

In the United States, several forms of home insurance policies have become standardized. They offer different levels of protection depending on the needs of the insured homeowner and the type of residence being covered.

Home insurance, however, does not cover damage arising from natural disasters or other “acts of God” and acts of war. If you want to know more about home insurance, call Tremendo Insurance today! We offer a variety of insurance services in Miami, Florida.

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