jacksonville homeowner insurance

Why Home Insurance is Less Expensive than Car Insurance

A car can go zooming down the road at speeds of up to 70 miles per hour, lawfully, and can go over 100 miles per hour, considered to be reckless driving. On the other hand, a house stays constantly fixed in one location day and has a statistically far less chance of experiencing any damage or loss to belongings in the home.

The premium that you are paying is simply based on the risks of accidental damage that your policy covers. Homeowners insurance may assess the location of the house for crime rates or possible weather damage, not including natural water damages.

Creating a Home Inventory for Insurance Purposes

Keep it simple

Don’t attack the whole place at once. Deal with one room at a time, or inventory your goods by category, age, or price. The process can be consuming and tiring, so set a pace that works for you and isn’t overwhelming. Take the inventory seriously and make it as complete as possible.

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Can My Homeowners Insurance Insurance Be Cancelled If I Own a Pitbull?

Owning a “dangerous breed”

Owning a “dangerous breed” makes insurance carriers leery because they believe it’s more a matter of “when” the dog will attack rather than “if”, according to Howard Bergstein, president of independent insurance agency, Erich Courant & Co.

Does Renters or Homeowners Insurance Cover Items in Rented Storage Units?

Some policies limit coverage

For instance, some policies limit coverage for off-property losses to 10% of your total insurance policy. In other words, if you currently have $75,000 in personal property coverage under your homeowners policy, your stuff stored off-premises may be capped at $7,500.
Also, don’t expect your homeowners insurance or renters insurance to cover your stored items for loss due to flooding, mold, mildew, earthquakes, rodent or insect damage or negligent maintenance. Additional coverage would be required and may not be available.

Replacement Cost vs. Market Value of Home

What Does Market Value Mean?

To put it plainly, the market value is the amount a buyer would pay to purchase your home and land property in its current condition. While the land itself isn’t covered in most homeowners policies, its worth would be included in the home market value.


What is Covered in Case of Flood Damage?

What IS Covered in Case of Flood Damage

There are different types of flooding, from emergency plumbing damage to larger natural disasters. Run-of-the-mill, everyday flooding from plumbing problems are usually covered. Here are few types of damages and recovery that should be covered by homeowners’ insurance:

Flood Insurance

What is Flood Insurance?

Homeowners flood insurance benefits or separate flood insurance policies help you repair or replace property and personal belongings if they are damaged or lost in a natural flood. It can be purchased separately or as an additional benefit to some homeowners insurance plans. While homeowners and renters insurance plans can cover water damage done from a broken pipe or other such means, it doesn’t cover damage done from flooding caused by storms, hurricanes, or other floods triggered by natural causes.

Homeowners Insurance

What is homeowners insurance and why do I need it?

Homeowners insurance compensates you for losses to your home and your possessions inside it, so purchasing a homeowners policy provides added security for your investment. Home insurance also protects you if you’re legally liable for someone’s injuries on your property, as well as from financial losses caused by storms, fire, theft, and other events outlined in your policy. For homeowners, insurance protection is an important aspect of homeownership.