Port Charlotte Homeowners Insurance
Everyone deserves a quality homeowners insurance policy. After all, when you buy a home, you are making a major investment in your future. You deserve the reassurance of knowing that should something go wrong, you won’t face a substantial personal financial loss as a result, and that’s what homeowners coverage will provide.
If you are a resident of Port Charlotte, then the committed agents at Nolan Family Insurance Agency are experienced and dedicated to matching you with a policy that suits your home and your family. We will help you compare rates and policies so you can find the best policy.
Call us at (941) 639-1122 or request your free quote now by clicking here!
What Does Home Insurance Cover?
Different components of home insurance are designed to cover separate risks that challenge your family and your home. The main coverages available under a basic home insurance policy include:
Dwelling Coverage: This provides compensation if the home’s physical structure is damaged due to fire, wind, hail, lightning, smoke, vandalism or similar unexpected losses.
Personal Belongings Coverage: This provides compensation if your physical belongings are lost or damaged due to fire, smoke, lightning, theft vandalism or similar issues.
Liability: This covers third-party bodily injury and property damage that may occur on your home’s property. If someone falls down the stairs, for example, liability insurance can help cover their medical bills as well as protect you from a lawsuit regarding the injury.
Additional Living Expenses: This coverage – known as ALE - helps with the cost related to temporarily moving if your home is rendered uninhabitable by a disaster.
Additional Coverage to Consider
While home insurance policies cover a wide range of risks, a basic policy won’t cover everything. You may need additional coverage in order to protect your home and family completely.
Additional coverage options to consider may include:
Policy Floaters: Home insurance policy floaters, sometimes known as policy endorsements, can be added to your policy to cover items and risks that are normally excluded. For example, many home insurance policies have limited coverage for expensive items — such as jewelry, furs and art. Policy floaters can help cover these items.
Flood Insurance: Home insurance policies also exclude damage caused by flooding. However, you can purchase a flood insurance policy to cover damages to your home and belongings caused by natural flooding.
Common Homeowners Insurance Questions:
The amount of home insurance you need depends on certain factors, including the value of your home. Your insurance needs may not be equal to that of your neighbors. In general, it is recommended that you carry 100% of your home’s total replacement cost value in home insurance.
The average cost of home insurance varies greatly depending on various factors. Your location, credit score, the value of your home, coverage limits, deductible, claims history and other factors can all affect the cost of your home insurance.
Although home insurance isn’t usually required by state or federal law, you should still insure your home. Not only do most lenders require insurance on homes with a mortgage, but you also don’t want to find yourself responsible for thousands of dollars in repairs after an accident. Insurance helps cover you from possible financial loss in case your home is damaged or destroyed.
In general, you should have home insurance by the time you close on a home. This is because you want to be covered before you even step inside.