Your home is the most valuable asset to you and it also holds and guards
a lot of your smaller assets including your family and personal belongings.
This valuable asset or assets are also subject to several ways of loss or
damage – severe storms, theft/burglary, fire, lightning, or any sort of
injury caused to someone who does not live in your property; your Homeowners
Insurance policy will cover you against financial risks that could jeopardize
your financial stability.
Your home is the most valuable asset to you and it also hold and guards a lot of your smaller assets including your family and personal belongings. This valuable asset or assets are also subject to several ways of loss or damage – severe storms, theft/burglary, fire, lightning, burglary or any sort of injury caused to someone who does not live in your property; your Homeowners Insurance Policy will cover you against financial risks that could jeopardize your financial stability. Ideally, it is recommended that you insure your home with a policy that exceeds the minimum coverage of the amount of the loan. This will allow you to have enough coverage to afford any potential repairs/replacements that may need to be done to your home.
In many cases, the landlord of your apartment or house will have insurance that only provides coverage for the building and its grounds using Homeowners Insurance or Landlord Insurance; leaving at risk the protection of your own personal belongings (assets) against any damage or loss caused by fire or severe storm weather; theft/burglary, or any accident that you or someone may have in your apartment/house space. Renters insurance provides the coverage that you may need to protect your personal belongings and valuables in case there is a fire, theft or any another type of loss. Save yourself time, headaches, and a lot of money by getting Renters Insurance and protect yourself from personal financial risks.
Also known as HO-6, Condominium Insurance is for the interior of your condo. It protects you in areas where the condominium association does not cover. It allows you to protect yourself from financial risks that may result from property damages caused by burglary, theft, fire, or any other soft of accidents to your condo. It will also protect you against unwanted liability claims against in the event that someone results injured in your condominium space. Owning a condominium makes you responsible against any damages caused to your own unit – flooring, ceilings, and interior walls. All damage caused towards your condominium will result in liability that you will have to pay out of pockets if you do not have any insurance that protects you for the life of your loan. This is a mandatory coverage in the State of Florida.
Also known as “course of construction,” Builders Risk Insurance provides insurance coverage for building that is under construction. It also provides protection for the different materials and the equipment that is involved in the project. Typically, you will have to purchase coverage for 100% of the anticipated cost of the construction. Builder Risk Insurance is an extremely important coverage if you are building in an area that suffers from severe weather climates and also to protect your investment from potential unforeseen risks. It is highly recommended that you customize your policy to the necessities of the project before moving forward with the construction.
Trusted Choice® agencies are insurance and financial
services firms whose access to multiple companies and commitment to
quality service enable us to offer our clients competitive pricing, a broad choice of products and unparalleled advocacy.