Homeowners’ insurance is designed to protect you against losses involving your home and personal property. As experienced homeowners’ insurance lawyers in Miami, we have found that there are several types of homeowners’ insurance policies available and every policy has its own unique terms, exclusions, and policy limits. It is important for all homeowners to understand their policy and what losses are covered, or excluded, before you have to file a claim with your homeowners’ insurance company.
Property Coverage—Dwelling and Personal Property
Your homeowners’ insurance policy will cover claims related to damage to your dwelling, other structures, such as sheds, and personal property owned by you and located inside the home. Depending upon the particular policy, property outside of the home could be covered as well. Personal property limits are generally set at half the covered value of the dwelling.
Loss of Use
If you cannot live in your home due to serious damage, such as a flood, fire, or the like, your insurance company will generally reimburse you for your living expenses up to the policy limits. Check your homeowners’ insurance policy to discover what your limits are. Loss of use coverage will include coverage for your hotel or temporary housing and possibility food and other expenses.
If a guest is injured on your property, he or she may be able to file a medical payment claim with the homeowners’ insurance company. This medical coverage is for others, not for you or your family. It will generally cover those who are legally on the property and become injured while there.
You will be covered against injuries to others that occur on your property. Your homeowners’ insurance offers coverage for bodily injury and property claims, along with legal expenses in the event you are sued by someone who becomes injured on the property.
It is equally as important that you, as a homeowner, understand what is not covered under your homeowners’ insurance policy. Any damage covered by a flood, for instance, will not be included under homeowners’ insurance. Flood damage is excluded from homeowners’ insurance coverage, but if you obtain a separate flood insurance policy, you will be covered. Hurricane insurance is similar. Damage stemming from hurricanes is excluded under homeowners’ insurance and you will need to obtain a separate hurricane insurance policy.
Businesses, including home businesses, are not usually included in a homeowners’ insurance policy. Business equipment may be minimally covered, or could be totally excluded, dependent upon your particular policy. If you run a home business, contact your insurance company to find out exactly what is covered and what is not. Your insurer may be able to recommend another type of insurance coverage to protect your home business.
Greenberg, Stone, & Urbano: Florida Homeowners’ Insurance Attorneys of Unmatched Excellence
Experiencing damage to your home can be devastating. Receiving a letter of denial from your homeowners’ insurance company can leave you feeling lost and without recourse. If your homeowners’ insurance claim has been denied or minimized, you can still recover. Contact the Miami Homeowners’ Insurance Lawyers at Greenberg, Stone & Urbano as soon as possible. We have over 130 collective years of experience representing homeowners across South Florida. Our firm offers the dedicated, knowledgeable, and caring representation you need to obtain the insurance compensation you deserve. We are honored to have received a coveted AV rating from Martindale Hubbell and the Miami Herald’s ranking as a top firm in South Florida. Put our extraordinary homeowners’ insurance lawyers to work on your case. Call us at (888) 499-9700 or (305) 595-2400 or you can visit our website to schedule your initial consultation.