Homeowner insurance for a “standard” home has different coverage needs than those for vacation homes. Here are some key factors to consider when looking for homeowner insurance for a vacation home in Florida:
Dwelling Coverage
Dwelling coverage covers damage to the actual structure of your home from common perils like fire, theft, and weather events. This will be more expensive if it is in a vulnerable area. You also must ensure the dwelling value reflects the rebuilding cost of the vacation home, not its current market value.
Liability Coverage
This protects you if someone gets injured on your property and sues you. Typical coverage amounts range between $100,000 to $300,000, but consider increasing this if you rent out the property.
Flood Coverage
Most of Florida is near sea level. When you combine that with frequent storms and the occasional hurricane, flooding is a common problem for Florida residents. Flood coverage is not part of a standard homeowner’s policy, so you must ask for it if your insurance agency doesn’t offer it to you.
Vacation Rental Insurance
Many people offset the cost of owning a vacation home by renting it out when it isn’t in use. Most vacation rental policies ensure that your property is protected from damage by guests, theft, and enhanced liability insurance for guests who get hurt while using your rental. Be sure to discuss the coverage provided by a vacation rental policy with a vacation home insurance expert to ensure you are adequately covered.
Hurricane Coverage
Florida is frequently hit by hurricanes and tropical storms. Make sure your policy has riders for covering wind and storm damage. You also might consider fortifying your roof or adding other features, such as hurricane shutters, to get a wind mitigation discount.
Vacancy Coverage
If you have a vacation home, chances are that it is vacant at times, and standard homeowner’s insurance policies might not cover unoccupied homes. Vacant homes are at a greater risk of vandalism, crime, and unnoticed damage because no one is present. Talk with your insurance agent to ensure you cover your home when you aren’t in it. Look for a policy that accommodates your vacation home’s vacancy periods.
Please consider these coverage options to ensure that your investment in a vacation home is protected.
Mizrahi and Garris Insurance Agency – Vacation Home Insurance Customer Service Experts
Are you looking for a Jacksonville independent insurance agency that partners with you to ensure your vacation home has the coverage to protect you from disaster? Then look no further. Connect with us for a vacation home insurance quote. We’ll help you find a protection plan perfectly customized to your needs.
When you select Mizrahi and Garris, you’re not just a client; we consider you family. Give us a call (904) 262-9202 or click “Free Quote” to reach out to an insurance expert today.