When you shop for online home insurance quotes, you should always prioritize assessing the coverage. Do not prioritize the premium as it is only a figure and that cannot be assessed without the context of coverage. The exact scope of coverage will always depend on the terms of the policy. Two policies costing the same premium may have substantially varying coverage. This is also why it is more important to read the fine print. Afterward, compare Florida home insurance online on the basis of its annual cost.
What is standard coverage?
There is a standard coverage that almost all home insurance policies will provide. This standard coverage will include damage to property caused by vandalism, theft or arson, any financial liability that may emanate if someone gets injured or hurt in your home or on the premises, medical costs in such cases and if the property damage causes injuries, some of the contents such as home appliances and fixed installations, temporary living expenses in the event of repairing or rebuilding the house and the cost of repairing or reconstructing a part of the house or the entire property. The financial caps for each of these covered factors will be determined by the policy. You can go for as little as fifty thousand or as much as a million as comprehensive coverage.
What does it not cover?
Standard online homeowners insurance quotes do not provide coverage for valuables. This includes items such as jewelry, cash, fine art and any non-essential item you may have. There is no coverage for damage caused by earthquake, flood, war and nuclear hazards. There are instances when damages are caused due to negligence, in which cases the coverage may not be applicable and this will be decided by the inspector who represents the insurance company to ascertain your claims. If you need coverage for earthquake, war, flood, nuclear hazards and for valuables such as gadgets, fine art, jewelry and others, then you need to opt for special policies. These are usually more comprehensive home insurance policies and they are costlier.
Every insurance company has its own policies pertaining to Florida homeowners coverage. You should not only check out the exemptions but also the clauses pertaining to everything that is covered. There can be quite a few decisive factors that would determine if the insurer will accept your claims in specific circumstances. Coverage should not be studied in a broader sense. The specifics must be assessed to know the kind of discretion the insurer will use while processing the claims.