Home insurance in Delray Beach is something everybody needs after buying a home. It offers you financial protection if the unfortunate occurs. It is also a requirement by most mortgage companies for borrowers to be insured.

What exactly is homeowners insurance and how can it protect you? In this article, we’ll explain what it provides and why you can’t go without it.

What is Homeowners Insurance?

Also known as home insurance, it is coverage that helps repair or replace damaged property or personal belongings in the event that a natural disaster, burglary, or vandalism occurs. For example, if you were robbed, your insurance will cover all damages caused by the theft. If a fire starts in your home and damages some of your property, your insurance covers the expense for repairs. Depending on the type of insurance you get, it may even cover you if you unintentionally damage someone else’s property. It is a safety net you can’t afford to do without.

Costs will vary depending on what type of coverage you select. There are several different features, some of which you are not required to have. If you want to increase your coverage limit, this will cost extra, but it isn’t a necessity. When you sit down with an insurance agent at All Risk Insurance Group, your needs will be heard and applied to find the lowest possible rates for your policy. We will also work with you to determine if you are eligible for certain discounts. It is worthwhile to have homeowners insurance, but it doesn’t have to be more than it’s worth.

What Does it Cover?

In general, your insurance will cover damages caused by:

  • Fires
  • Lightening
  • Windstorms
  • Hail
  • Smoke
  • Vandalism
  • Theft

Always review your policy so you know what it covers and what you must pay out of pocket. Although it covers most natural disasters, most plans do not cover earthquakes or floods. In general, it does not cover damages caused by sewer backups and maintenance. As a result, you must purchase a separate policy, if applicable, to protect yourself against damages that are not covered by your plan. Some structures that are on your property but not connected to the main house, such as sheds and freestanding garages, may not be covered, either.

Your insurance provider will handle the cost to repair or rebuild your home, furniture, clothing, appliances, jewelry, and everything else that was damaged or destroyed in your house. There is a policy limit that puts a cap on how much your provider will cover. However, if you have guaranteed homeowners insurance, the most comprehensive product, your policy will cover all necessary repairs and will even rebuild your home even if it costs more than your policy limit.

What to do if You Live in a Hurricane Area?

Every year, Florida sees devastating storms during hurricane season. This makes it a high-risk area in terms of flooding. Because most policies do not cover flood damage, it is strongly recommended that you add an extra policy. Throughout Florida, areas are marked as low, high, and undetermined-risk flood zones. If you live in a low or undetermined zone, it is still advised that you add flood insurance, as Florida is a high-risk state.

Contact All Risk Insurance Group

Established in 2006, our woman-operated, full-service insurance agency in Boca Raton has provided top-rated insurance products. We have serviced clients through Palm Beach, Broward, Lee, Martin, and Collier counties in Florida. We provide exceptional customer service, and high-quality personal, commercial insurance, auto, and marine insurance products. Our work ethic has made us one of the fastest-growing insurance agencies in the state of Florida.

Experience the difference. For home insurance in Delray Beach, contact All Risk Insurance Group. Call (561) 395-5220 for a free consultation.