Our homes are as charming and diverse as the people who live in them. From quaint Creole cottages to the Greek Revival mansions, many of our homes have survived for centuries, enduring hurricanes, flooding, and the annual swarm of termites.
Survival is not guaranteed, however. As Hurricane Katrina demonstrated, the unforeseen can wreak havoc on the unprepared. Homeowners insurance provides broad coverages for losses to your home, your personal belongings, and to detached structures on your property. It also provides protection in the event of an injury to other people on your property.
While standard homeowners insurance covers the most common risks a homeowner will encounter, there are some things it does not cover. At Eustis, we take time to get to know our clients and their homes in order to better understand their needs. Once we have all of the facts, our insurance specialists are able to craft a truly comprehensive risk management program.
Homeowners insurance highlights:
- Your Home – should be insured for an amount based on the replacement cost value of your property. Replacement cost is what it would cost today, based on current building codes, to rebuild your house in the event of a loss. There usually is a deductible, which is an amount you would be responsible for before the policy starts to pay out.
- Personal Property - policies automatically provide a separate amount to cover your personal belongings; however, there is a deductible. We suggest our clients create a home inventory. In the event of a claim, it will make it much easier to document your loss and make the claims process run more smoothly.
- Personal Liability – if you are legally responsible for an injury to a guest or for damage you cause to another person’s property, the personal liability section of your policy can provide important protection.
- Other Structures - basic coverage is included for any detached structures on your property. Examples include sheds, garages, or fences. There are specific limits on the amount of coverage available for these types of structures depending on the amount of coverage for the home itself.
- Loss of Use of Home – if your home were to become uninhabitable, your policy can provide valuable benefits to help you with additional living expenses.
Contact us and one of our specialists will be happy to assist you. We take the time to understand your unique situation in order to provide you with an insurance program that meets your specific needs.