Living in a coastal city like Fort Lauderdale, which is susceptible to regular thunderstorms, lightning, and rain, it is essential to secure your home with a homeowner’s insurance policy.
Your beautiful home needs a comprehensive homeowners’ insurance policy coverage so that besides natural calamities, your home will also be kept safe from harm due to theft, vandalism, fire, roof damage, pipe leaks, etc. In Fort Lauderdale, you could choose an insurance company like StateFarm, Great Florida Insurance, Universal Property and Casualty, Allstate, and Floridian Coastline Insurance.
A homeowner’s insurance is made up of various coverages, which are classified as:
Dwelling coverage refers to the amount of money you would receive to rebuild and repair your home if it is damaged or wrecked due to a covered peril like wind, hail, lightning, or fire. Other coverages are factored as a percentage of this coverage, so you need to fix the amount for this protection first.
Other Structures on your property like garages, sheds, fences, etc. that may become damaged by a named peril are covered separately, usually set at 10% of the dwelling coverage.
Personal Property Coverage refers to the amount of money you will receive if personal possessions or home’s contents are ruined due to a covered peril. This is usually set at 50%-70% of the amount of dwelling coverage in your policy. Therefore, keeping a home inventory is very important.
Loss of use coverage is an amount that provides for hotel, restaurant, and other living expenses in case your home is destroyed and becomes unliveable. This is normally up to 20% of your dwelling coverage limit.
Personal Liability Insurance protects you against lawsuits for injuries or property damage, and this is typically set at an amount of $100,000 in coverage for each liability claim.
Medical Payments Coverage covers medical costs if someone is injured on your property and does not sue you, and this is usually $1,000 per injured person.
Before finalizing the insurance carrier from whom you will purchase your homeowner’s policy, conduct some due diligence. Check the complaint ratio for your insurer on the website of the National Association of Insurance Commissioners (NAIC). Ask your agent to tell you if there is any limit fixed for water damage cover, as this is a recurring mishap. Read the fine print on your policy carefully. For example, check if there is an “option to repair” or if it’s “at their option” as this will force you to use their contractors for repair work. These are some reasons why you need to hire public adjusters when filing a claim with your insurance company. Public adjusters are licensed professionals who represent the public in all their insurance-related matters.
Experienced Public Adjusters are reputed professionals and well-established in Fort Lauderdale. We have a team of professionals who are skilled and knowledgeable. We are adept in investigating and identifying the reasons for your damage, and we have a deep understanding of insurance claims. We know the state statutes, building codes, local construction costs, and permitting requirements so that when an insurance company is not paying you fairly, we know the right steps to take.
For your homeowners’ insurance claims in Fort Lauderdale, get in touch with Experienced Public Adjusters.