Homeowners Insurance

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In need of a Florida homeowner’s insurance policy or dwelling insurance policy for your home?  Seeking a condo insurance policy or renter’s insurance policy?  Let the experts at Freedom Insurance Agency in Fort Lauderdale, Florida get you covered!  We offer all types of Florida homeowner’s insurance policies, including:

• HO3 Special
• HO4 Renters
• HO6 Condominium
• DP3 Dwelling

In general, homeowner’s policies—and particularly those in Florida—can be challenging to comprehend, at best, given the magnitude of coverage choices, exemptions and deductible options.  As a Florida resident, it’s especially important to have a professional insurance agency working for you to get the job done right.  An agency you can rely upon and trust.  And you also need a professional insurance agent—one who is willing and eager to thoroughly explain to you all of your options.  Thankfully, at Freedom Insurance, you’ll find both.  For over twenty years, out top-notch professional agents have assisted thousands of Florida residents with their many insurance needs, and we at Freedom welcome the opportunity to do the same for you.

Homeowner’s Policy 101

Generally, a homeowner’s insurance policy includes the following:

•  The Declarations Page – indicating the policy basics (i.e., insured’s name, property address, coverage and deductible limits, policy term and annual premium).
• The Policy Booklet – printed pages containing specific details of coverages and exclusions.
• Endorsements – if any, indicating any changes to the policy made during the policy term.

The standard HO3 homeowner’s policy is the most commonly sold policy.  Usual and customary exclusions to the same include wear and tear, termite damage, rotting, septic tank collapse and the perils of war and earthquake, to name a few.

In addition, there are also specific policy limits you need to be aware of with respect to certain personal property items.  The following represents a sample of personal property and its possible maximum benefit.  That’s why it’s imperative to consult with your insurance agent regarding your policy’s specific limitations:

• Cash - $200
• Jewelry - $1,000
• Firearms - $2,500
• Silverware - $2,500

Always carefully review your policy coverages and exclusions in detail.   Note that in some instances, it may be possible to increase certain limits, so be sure to inquire the same.
Determine the annual cost of such increase(s) prior endorsing the policy.

Optional Coverages

In addition to special coverage for jewelry, silverware and furs, you may also purchase specific coverage for possessions such as stamp or coin collections, fine arts, camera equipment, collectibles, watercraft and musical instruments, to name a few.  Current appraisals for the same are usually a standard requirement.