Top 5 Things Your Homeowner’s Insurance May Not Cover

Top 5 Things Your Homeowner’s Insurance May Not Cover

17 Jun, 2014
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The common thought behind homeowner’s insurance is that is protects everything in and around your home.  However, more and more Florida home insurance companies are choosing not to include certain risks that most homeowners assume are covered.  Here are the top five things that your insurance may not cover.

Trampolines

Most insurance companies in Florida and throughout the nation will provide coverage for trampolines, and in many cases, owning one could prevent you from getting home insurance.  Trampoline related injuries have climbed to nearly 95,000 incidents per year that resulted in injuries requiring medical treatment.  As a result, insurance companies are no longer providing coverage.  Oh yeah, don’t think you can lie about owning one either – if your insurance company finds out they can deny all coverage, or cancel your policy.

Swimming Pools

Swimming pools are one of the most popular additions to Florida homes, but if they are not fenced, you will not be covered.  Additionally, unfenced pools are also against state law, so it is best to not tempt fate.  Unprotected pools can result in death, which is worse than any possible financial obligations a fence will require.

Dog Bites

If you own certain breeds of dogs, such as pit bulls, your Florida homeowner’s policy will not provide liability coverage for accidents and bites involving your pet.  Some insurance companies do add liability coverage for dog bites automatically, but it generally depends on the breed of dog that you own.  If your dog, regardless of breed, ever ends up biting someone, you may have to pay higher premiums, or the insurer can choose not to provide coverage at all.

Faulty Materials

Insurance coverage will not cover damages that result due to faulty or defective building materials or workmanship.  This means that if your house catches on fire due to an electrical wiring issue, your home may not be covered.  It would be up to you to take it up with the building company’s liability insurance to get the losses covered.

Another issue that can arise is if you had repairs done to your home after a severe storm or hurricane, and the same damage occurs again.  Many Florida home insurance companies will deny the second claim, citing that the damage was already existing, or due to wear and tear.

Jewelry, Collectibles, and Art

If you own expensive jewelry or art pieces, these will not be covered under your normal insurance policy.  Instead, you will have to purchase additional policies, called riders, to protect these valuables from theft or loss.

The only way to truly know what your home insurance policy does not cover is to thoroughly read all exclusions that are provided with the policy information.  If anything is unclear, or you are not sure if something is covered, make sure to ask before signing any paperwork.  Once it is signed, you may be locked into that policy, even if it does not provide all of the coverages you need. Visit this website to learn more.

Florida Cheap Renters Insurance

11 Jun, 2014
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Cheap As Chips Renters Insurance

With renters all over Florida finally waking up and realising that they do indeed need renters insurance, the question of where to find the cheapest renters insurance has arisen frequently. After all, money doesn’t grow on trees, does it? So if, you, like most people aren’t richly endowed with truckloads of fifty dollar bills, you may want to sit up and listen. After all, cheaper renters insurance is better than no renters insurance, right?

YourFloridaInsuranceQuotes.com Is Easy

So, when it comes to Florida cheap renters insurance, I would recommend YourFloridaInsuranceQuotes.com. As well as being pretty good value, YourFloridaInsuranceQuotes.com is also very good at dealing with customers. Their customer service is first class and, let’s be honest, there is nothing that puts of potential customers more than an insurance company with an incredibly irritating and complex customer service policy. With YourFloridaInsuranceQuotes.com, you are covered as far as personal liability (if you’re sued because someone else injures themselves on your property)medical payments (they only cover a certain amount though and this can vary from policy to policy, so be sure to check) property damage to others (if you accidently break or damage someone else’s property, YourFloridaInsuranceQuotes.com will pay for you to replace it) and additional living expenses, so, if you can’t stay at your property due to damage or any other covered incident, your policy will help pay for a place for you to stay. So, as far as you’re concerned, you will never have to live out on the streets because your policy will cover you. Good to know, right?

Another bonus of YourFloridaInsuranceQuotes.com is that they offer you quotes online which saves you the problem of negotiating your way through an out-of-hours call service which, let’s be honest, can be extremely annoying.

Not the Only Fish In The Sea

Now, whilst YourFloridaInsuranceQuotes.com is extremely good, it is not the only company which offers reasonably-priced renters insurance; there are plenty more fish in the sea. Another company which you may want to try is Wells Fargo. Their policies are reasonably priced, so those of you who are a little strapped for cash need not fear, and it’s incredibly quick and easy to get covered. On their website, you can find competitive rates, from which you can choose several different options and you can receive a free insurance quote within minutes, so you know how much you’re going to end up paying. As well as this, there are also discounts available if you buy over the phone and, there are even more if you combine car insurance with renters insurance. Come on, you might as well kill two birds with one stone. Once you’ve determined how much your belongings are worth, you can begin to choose the correct insurance policy for you before purchasing it. And voila! After only a few pain-free minutes, you’re covered. That wasn’t very hard, was it?

Whether you’re choosing YourFloridaInsuranceQuotes.com, Wells Fargo or another company, the key thing is to get covered. In Florida cheap renters insurance is very important so don’t procrastinate; get covered today.

What are the Florida auto insurance requirements?

7 Jun, 2014
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What are the Florida auto insurance requirements?

 

Sometimes it can be daunting to figure out auto insurance.  Not only do you have state mandated coverage such as the Florida auto insurance requirements but you also have the agent who wants to sell you as much coverage as he can.  Here are a few basics as well as the details about what the state of Florida requires.

 

The basics – how to choose the company

 

Before you can decide on what types of coverage you need or want, you have to pick the right company.  After all, they will be walking you through the process and you want to make sure you have the right company and agent for you.

 

  • Word of mouth – Ask your family and friends for what companies they do and do not use.  Have they had good experiences with claim process, good rates, and good customer service?
  • Your local body shop – Think about it.  Can you think of a company who has had more interaction with insurance agents and insurance companies that someone who works at a body shop?  What company do they recommend that has a quick claim process and who does not try to cut corners?
  • Department of insurance – Once you have narrowed the list down to two or three, do your research with the state’s department of insurance.  Many of these state departments will publish the official complaint information.

 

The basics – how to choose the coverage

 

Below is the list of primary types of insurance available.  For the most part, this works like a cafeteria where you walk down the line and pick out what you want from the available options.

 

  • Liability covers damage done to property or injury to persons, including medical expenses, court costs, or lost wages.
  • Collision covers damage done to your vehicle when caused by an outside object or another car.
  • Comprehensive covers damage done to your vehicle that is not the result of a motor vehicle crash, for example, fire, vandalism, wind, etc.
  • Medical coverage covers any incurred medical bills/expenses in the event of a motor vehicle collision.
  • Personal injury protection (PIP) covers medical bills/expenses for the insured driver after the event of a car accident (this is one of the Florida car insurance requirements).
  • Uninsured and underinsured motorist covers damage to the vehicle when the motor accident is caused by an insufficiently insured driver or an uninsured driver.
  • Rental reimbursement – If your own vehicle suffered damages from an accident, this will cover the cost of the rental car.

 

What are the Florida auto insurance requirements?

 

As with almost any state in the country, Florida does have certain required types insurance and minimum amounts of coverage.

 

  • You are required to carry a minimum of $10,000 of Personal Injury Protection.
  • You are also required to have a minimum of $10,000 of Property Damage Liability.
  • Likewise, Florida is considered a no fault state, meaning that if you are injured in a motor vehicle accident, your insurance must pay for your medical bills up to the policy’s limits no matter whose fault the accident was.