While many major insurance companies are still willing to write a limited number of
house insurance policies in Florida, homeowners who can not obtain house insurance anywhere else can apply for coverage though Citizens.
For instance, if you need to cancel a
vacant house insurance policy for whatever reason, Farmers will reimburse you for the portion of time for which you didn't use the coverage.
It is a form of homeowners» coverage but much more affordable with different levels of coverage than traditional
OH house insurance policies.
Furthermore, you may find out that you don't need very much coverage at all depending on how comprehensive your landlord's
Hillard house insurance policy is.
A house insurance policy can easily cost double for the same square footage as a condo since it covers more risks (e.g. your house, gardener, pool etc).
If you have a freehold with several additional buildings located on it e.g. a separate standing garage, a shed or a small storage building, these can be covered under
your house insurance policy.
If you are going to store coins and ingots at home, be sure to add them to
your house insurance policy.
Your Personal Belongings Furniture, clothes, electronics, appliances, tools, power equipment, etc. are covered by
your house insurance policy.
Especially when a lot of these companies let their clients «bundle and save» to
house all their insurance policies under one roof.
As of 2009 - 2010 fiscal year reporting, Citizens held more than 16 percent of
all house insurance policies in Florida, with State Farm Insurance Company coming in second with nearly 13 percent.
Unfortunately,
a house insurance policy is not designed to replace your valuables, so you should not rely on your landlord for any compensation if your items are destroyed.
Many homeowners in FL are required to have this type of rider added to
their house insurance policies, particularly if they still owe their mortgage companies money on the house.
While the structural damage may be covered under your landlord's
house insurance policy, your contents are not.
In such a case inform your insurer to cancel the policy and the remaining balance of
the house insurance policy shall be paid to the policy holder.