Types Of Homeowner’s Insurance Policies

Miami homeowners insurance is essential for making sure that the house you and your family live in is protected in case of accidents. There are several different kinds of homeowner’s insurance that you can choose from, and picking the right one for your situation can help you rest easier knowing that your home is fully protected.

Here are some of the main types of Miami homeownes insurance available.

Miami Homeowners Insurance Basic insurance

Basic insurance covers your home in the event of fire, damage from bad weather, vandalism, or other accidents. This is the standard insurance policy that most homeowners choose to purchase. It covers against the vast majority of incidents, but there are a few major causes of damage that basic insurance policies neglect.

Specialty insurance

Specialty insurance protects homes from damage caused by anything that is specifically excluded from a basic insurance policy. Most basic policies do not protect against earthquakes or flooding, and so separate specialty policies need to be issued for both. In the Miami area, where hurricanes occur fairly frequently, adding a flood insurance policy is often a good idea.

Property insurance

Property insurance protects items that are inside your home from theft or damage from fire. A general property insurance policy can be included with your Miami’s homeowner’s insurance. However, if you own any especially valuable items like jewelry, art, or antiques it is often a good idea to insure them separately.