Home Insurance in Florida
What are my Home Insurance Options in Florida?
When you purchase a new home, you’re thinking about the good times that you will have there but you need to spend some time considering the amount of home insurance that you need. Home insurance protects you and your family financially in the event that something damages or destroys the home. Your home is often your most substantial financial investment, so your time is well spent talking about your needs with your agent. The team at Deboo Insurance Agency, Inc. serves homeowners in the Deerfield Beach, FL area, so we understand the challenges homeowners face. We can discuss your situation and present you with options designed to meet your needs.
Is home insurance required?
While most lenders require a certain amount of coverage, the protection offered by adequate insurance goes beyond just the physical structure. A homeowner’s policy will also cover personal possessions in the home. It will also include structures, such as sheds, fences, and pergolas on the property.
Homeowners face many threats or hazards throughout the year. Most people think about fire and severe weather, but the policy will also protect your home if it or its structures are vandalized.
Your agent will discuss two different types of coverage options. One will offer replacement value. The other will be for cash value. Replacement value in a policy only pays for the cost of damages or the cost of the home at the time of purchase, in the event that it needs to be replaced. Cash value in a policy means that depreciation is factored into the amount the insurance will pay. Your agent can help decide which type of coverage is best for your situation. Homeowners policies also provide liability protection should someone be injured on the property.
The team at Deboo Insurance Agency, Inc. in Deerfield Beach, FL know what value a good policy provides to homeowners in Florida. Call today to discuss your options and learn more about how to get started on a policy.