Boca Raton Florida
Homeowners insurance is one of the most common types of insurance. It provides coverage to a homeowner for physical damage to the home and other structures on the property caused by such losses as fire, theft, storms or adverse weather conditions. Of particular interest to South Florida homeowners, it also provides coverage for certain damages caused by hurricanes. The standard homeowner’s policies typically will also provide coverage for loss of use of the home due to a covered event. This means that, if a covered loss like a hurricane damages the home and the homeowner cannot use all or a portion of the home as a result, then the insurer would compensate the homeowner for either the complete or partial inability to use whatever portion of the home was rendered unusable as a result of a covered loss. For example, if lightning hits the home and damages a bedroom, necessitating a move for a member of the family into another room temporarily while the damage is fixed, then insurance would compensate you for the loss of use of that room during the period repairs are being performed.
Why Homeowners Insurance?
A standard homeowners insurance policy insures both the home itself along with the things kept inside. This latter type of coverage is known as contents coverage. This means that, if someone steals possessions from inside the house but does not do any damage to the house itself, homeowner’s insurance would operate to cover those losses. It would provide compensation for the value of all of the items that had been stolen or destroyed. The same would be true if the contents were destroyed or damaged during a storm or other event. You would receive a payment to compensate you for the loss of all the personal possessions and property that was lost as a result of the theft, hurricane, or other covered loss that destroyed, damaged, or resulted in the disappearance of your personal possessions inside a covered property.