How a Fort Lauderdale, FL Insurance Broker Helps Homeowners With Insurance Solutions

How a Fort Lauderdale, FL Insurance Broker Helps Homeowners With
Insurance Solutions
Submitted by: Rhegie Taylor

All homeowners need homeowner's insurance to protect their
investment and cover any losses for damages sustained. A Fort
Lauderdale FL insurance broker can help you get started. But in
the meantime, here are ten things every homeowner needs to know
about their insurance coverage and its limitations:

What is Covered

A typical homeowners policy will pay for damage to your property
and your possessions if they are damaged or destroyed in a fire
or are stolen. Homeowner's insurance is also used to protect
belongings outside the home- if your car is broken into and your
radio stolen your auto insurance policy will not cover it but
your homeowner's policy likely will.

What is Not Covered

A standard policy has exclusions that will not be covered by the
policy. Some generally standard exemptions are earthquakes and
floods, which require a separate policy to cover these high cost
"acts of God." Some locations will have specific exemptions due
to weather and environmental issues, for example, Florida often
exempts hurricanes or wind damage.

Shop Around

Before you decide on what policy you want and commit, it is
important to take the time to research before you buy. Check the
policy details but you also want to find an agent whom you
trust. Far too many homeowners just shop for a policy but it
just as important to make sure you have the best agent.Fort
Lauderdale, FL Insurance Brokers can help make this process
easier!

Preventive Actions Reduce Premiums

According to several studies homeowners can do a lot to help
lower their deductible and monthly costs simply by making safe
preventative moves. Insurance companies price your premium on
how big of a risk you seem, so you can reduce the premium by
reducing those risks. Alarm systems and fences around pools are
examples of two big saving changes.

Replacement Coverage vs. Market Value

There are a few very important distinctions that every homeowner
should know when looking at the terms and premiums of their
policy: "replacement cost" versus "market value." Replacement
cost covers repairing or replacing your entire home. Market
value is the cost to buy your home and accompanying land in its
current condition. The difference can be extreme!

File a Claim Right Away

Many plans have a claim time frame. This means there is only a
set amount of time you can file a claim and have it covered. If
a storm breaks a window and causes water damage and you fix the
window yourself and do not call the insurance company within the
specified time, you will be reasonable for future damage
resulting from the dame-mold for example.

Write Everything Down

Document everything. Every payment, every claim, and every
aspect of any damage that occurs that you file a claim on. It is
your word against theirs and you need to be able to prove
everything that has happened to your home and belongings. Don't
have a safe? Not thrilled about lots of papers in boxes?
Consider keeping digital copies online!

About the Author: You can trust this website,
http://www.alexandergreep.com to put you in touch with
professional Fort Lauderdale FL insurance broker area today. To
get a free estimate from the company, log on to
http://www.alexandergreep.com.

Source: https://www.isnare.com

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