Dwelling Insurance for South Florida Homeowners
Did you know that dwelling insurance is a key aspect of a complete homeowners insurance plan? This is an important policy component to consider, especially in South Florida because it offers coverage for repair or rebuilding of your home and other unattached structures.
Within this type of plan, any damage to the exterior of your home plus any attached structures, such as the roof or the garage will be covered. However, this coverage only covers damages that come under the covered hazards listed in the plan.
Covered Hazards for Dwelling Insurance
Many of the covered hazards vary, depending upon the state. For Florida, the following are the types of damage that may be covered by your dwelling insurance plan:
- Fire and smoke damage
- Lightning damage
- Windstorms and thunderstorm destruction
- Damage caused by an explosion
- Destruction caused by vandalism
- Damage occurring because of theft
- Falling objects
- Motor accident destruction to property
- Aircraft debris destruction
- Heavy snowfall, ice or hail damage
These hazards are naturally covered in your dwelling insurance plan, but it is a good idea to review your home insurance policy beforehand. This gives you a better idea and identifies if your plan does not offer coverage for the hazards mentioned above.
The team of insurance agents at All Risk Insurance is happy to review your personal insurance with you to ensure you are completely covered – Call 561-395-5220 or click here for a free insurance quote.
What Does Dwelling Insurance Not Cover?
Despite the all-encompassing nature of home insurance policies, certain types of damage to property are not covered, including the following:
- Flooding damage
- Sewage backup damage
- Earthquake damage
- Damage caused by poor maintenance practices
Moreover, these plans also exclude certain types of structures on your property, such as the fence, a shed or a detached garage. It is a good idea to be aware of the limitations of your dwelling insurance plan, as you may have to get separate coverage plans for them.
Average Cost of Coverage in Florida
When it comes to homeowners insurance plans, Florida is definitely among the five most expensive states in the U.S. The coverage costs are further broken down into the following:
- $300,000 for dwelling coverage
- $1,000 for deductibles
- $300,000 for liability costs
The average rate of home insurance in Florida comes up to $3,643. Compared to the national average of $2,305 for other states, this amount is nearly $1,338 higher than the rest. Despite the high cost behind it, the dwelling insurance plan is well worth it and offers property owners with peace of mind and lower costs for repairs.
f you’re looking to get dwelling insurance in South Florida, it’s a good idea to reach out to experts, such as the experienced agents here at All Risk Insurance in Boca Raton. Our lead agent Lisa Pacillo says “We’d be happy to review your homeowners insurance policy if you have a copy of it – to make sure you have the dwelling coverage you need to be protected and have peace of mind.”