Your new home is not only valuable, but also precious to you and your family. All homes are susceptible to damage, so it’s crucial to safeguard them in all circumstances. Thankfully, insurance services will protect your home against various risks, giving you peace of mind no matter what comes your way.
Your house is one of your most significant financial investments. But just as importantly, it’s the place that your family calls home. In the case of an accident or emergency, you want to make sure that your home is protected.
Homeowner’s insurance is designed to cover the costs of damage to your home. For homeowners with a mortgage, you’ll be required to have a homeowner’s insurance plan. Your lender wants to ensure that the home is covered in case of accidents and emergencies.
Your homeowner’s insurance will cover the cost of damage in the case of:
- Extreme weather, including wind, hail, and lightning strikes
- Vehicle collisions with your home
- Injuries incurred by visitors at your home
Homeowner’s insurance policies can differ in the coverage that they provide. Your real estate agent can help you find the coverage that you need.
Most homeowner’s insurance plans don’t include flood damage. In high risk flood zones, homeowners may be required to obtain flood insurance in the terms of their mortgage. But even if you’re not required to purchase flood insurance, it’s a good idea to do so given the likelihood of severe storms throughout the state of Florida.
The cost of flood insurance may vary depending on the flood risk in your area, and fees may apply to rental properties or homes that aren’t occupied for over half the year. As trusted real estate professionals, we can answer any questions you have about flood insurance throughout the buying process.
You can check the FEMA Tampa flood map to learn more about the city’s flood hazard areas.
Life is unpredictable, so it’s important to protect your home against the unknown. Our expert real estate agents can guide you in the process of insuring your home so that you and your family stay safe, even when emergencies strike.