The typical homeowners policy has two main sections: Section I covers the property of the insured, and Section II provides personal liability coverage for the insured. Almost anyone who owns or leases property has a need for this type of insurance. Usually, homeowners insurance is required by the lender to obtain a mortgage.
Related FAQs
Usually not. Florida insurers issue a "binding moratorium" when a tropical storm or hurricane threatens the state, which stops them from writing new policies or increasing coverage until the storm ...
Florida homeowners policies must cover "catastrophic ground cover collapse," but full sinkhole coverage is usually optional and costs extra. This matters in Central Florida, one of the most sinkhole-prone regions ...
A wind mitigation inspection documents your home's hurricane-resistant features on Florida's official OIR-B1-1802 form, and insurers are required to offer premium credits for those features. For many Central Florida homes, ...
