If you are considering a homeowner insurance policy, they are mostly similar but some may be deficient in protecting your home. The basic HO-3 form in Florida, which is the basis of a homeowner policy, can be changed by endorsement and limitations. These endorsements and limitations are what the consumer should be wary of. Let’s have a look at a typical Florida homeowner insurance policy and the coverage it provides. Our residential property public adjusters can help you if you have to file a claim. We fight for your rights against insurance companies. We are based in Weston Florida and service homeowners throughout Broward County from Fort Lauderdale to Plantation, Pembroke Pines to Southwest Ranches and everywhere in between.
A homeowner policy will pay for damages resulting from a fire subject to the deductible. Sub limits can apply. For example, if the homeowner has a $10,000 baseball card collection or maybe a $50,000 art collection, the policy will only cover a few thousand dollars in each category unless the homeowner scheduled the collections on the policy. This is considered to be the responsibility of the agent to ask these questions. However, a homeowner needs to take some responsibility when purchasing a policy.