Homeowners Insurance in Sunrise, FL
Securing homeowners insurance by the time you close on your new home is essential, ensuring that your investment is protected from the moment you step through the door.
Most mortgage lenders require proof of insurance before finalizing your loan, so having a policy in place is essential.
What Does Homeowners Insurance Cover?
Homeowners insurance policies vary as they are typically customized to the policyholder’s needs. However, most standard policies cover the following:
- Dwelling coverage may pay for repair or rebuilding expenses if your home is damaged by events such as fire, hail or lightning, as specified in the policy.
- Personal property coverage may cover your personal items, such as clothing, furniture and sports equipment, if they are stolen or damaged by a covered loss.
- Liability protection may reimburse damages and legal fees if you or your family members cause injury or property damage to others.
- Additional living expenses may provide financial aid if you need to relocate temporarily while your home is being repaired due to a covered loss.
How Much Coverage Do I Need?
Determining the proper amount of home insurance requires considering several factors, such as the cost to rebuild your home under current market conditions, the value of your possessions and your potential liability risks.
If severe weather is a significant concern, you should opt for higher policy limits or additional coverage like flood insurance. Other important considerations include construction costs, local building codes and any additional structures or renovations on your property.
Contact Us
For personalized advice and coverage options, contact B R Taxes and Insurance today. Our experienced team is dedicated to helping you secure the best homeowners insurance policy for your needs.