The Surprising Advantages of House Insurance

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Owning a house is one of the most fulfilling life events that you’ll ever experience. After all, it is one of the most basic factors of survival — to have shelter for you and your family. However, being a homeowner also comes with a lot of responsibilities. It is very important that you take these responsibilities seriously, or else you might end up spending more money on home upkeep and emergencies in the future.


Homeowners Insurance

To avoid these problems, you need to have your property insured. Acquiring insurance for your house can provide protection not only for your home, but it also ensures that you won’t have to suffer and spend more than you can afford in the future.


What It Covers

Overall, there are four major categories that a home insurance policy would protect and cover:

  • Home structure that is damaged by disaster or fire
  • Expenses required if you need to move out and live in a different house due to fire, flood, and other damages
  • Personal belongings that have been destroyed by a fire or disaster
  • Family members that have damaged other people’s homes


Although getting homeowners insurance Florida is not mandated by the law, there are some cases where you may be required to file for it, especially if you are about to get a house through a mortgage. More often than not, the bank or the private financier will require this. In case they don’t ask you for insurance, it would still be wise to protect your property and the money that you have spent on it.


Lesser-Known Advantages

Most homeowners are only aware of these four basic liabilities and damages that most policies cover. However, the history of home insurance has evolved into much better policies, ones which surprisingly include:


  • Pet Bite Coverage. Believe it or not, being bitten by an animal (e.g. a dangerous dog bite or a poisonous snake bite) can be covered by your home insurance. All medical expenses, which usually range from $10,000 to $26,000, will be waived. This is a very critical notion, especially for those who have kids and have pets in and outside the house.


  • Covered Expenses Due to Power Outage. In the event of a devastating power outage where you’re forced to throw away all perishable food inside your refrigerator, freezer, and the like, rest assured that your insurance company will cover these expenses so you can restock. You’ll receive up to $500 for the food, which is not bad for those who are on a really tight budget.


  • Personal Possessions of Your Child Away from Home. If your kids are finally off to college and living in a dorm, all their personal possessions inside their dorm room can be included in your insurance clause. However, this doesn’t apply to all students who are living outside the campus.


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