Homeowners Insurance

What is Homeowners Insurance?

Homeowners insurance is a type of property insurance that provides financial protection for your home and belongings in the event of damage or loss due to perils like hurricanes, windstorms, fire, theft, and certain types of water damage.

Given Florida's high risk for natural disasters, especially hurricanes, coverage often includes windstorm protection (sometimes requiring a separate deductible) and may exclude flood damage, which typically requires a separate flood insurance policy.

This insurance also offers liability coverage if someone is injured on your property.

What does Homeowners Insurance cover?

Dwelling Coverage – Protects the structure of your home (roof, walls, foundation, etc.) against covered perils like fire, wind, hail, or vandalism.

Other Structures – Covers detached structures on your property such as garages, sheds, and fences.

Personal Property – Reimburses you for the loss or damage of personal items (furniture, electronics, clothing, etc.) due to covered events like theft or fire.

Liability Protection – Provides coverage if someone is injured on your property or if you accidentally damage someone else’s property, including legal costs.

Living Expenses – Covers the cost of living elsewhere (like hotel stays or meals) if your home becomes uninhabitable due to a covered loss.

Policies vary, so it’s important to check what’s specifically included or excluded (e.g., floods usually require separate coverage)

Why do I need Homeowners Insurance?

Homeowners insurance is necessary to protect your home, belongings, and finances from unexpected events like fire, theft, storms, or liability claims. It provides peace of mind knowing that if disaster strikes—such as a hurricane damages your roof or someone gets injured on your property—you won't have to bear the full financial burden alone.

Most mortgage lenders require homeowners insurance as a condition for approving a home loan, ensuring their investment is protected. Without it, you risk significant out-of-pocket costs that could be financially devastating.