Homeowners Insurance Coverage

Homeowners insurance links coverage for your dwelling, other structures, personal property, loss of use, and personal liability protection for you and your family.

Protect Your Greatest Investment

Your home is possibly the most considerable investment you will make. Preserving your investment and your family is necessary, and Moran Insurance is here to help. Why pick Moran Insurance? We have been serving policyholders just like you for years on end. You are more than only a policy to us, and you're our priority.

The Homeowners Insurance Policy is a broad package of insurance. Because of this "packaging concept," we can provide this policy at a lower premium than if comparable coverage was purchased separately.

What Homeowners Insurance Covers

There are several reasons why you should have a homeowner’s insurance cover. Normally speaking, Homeowners Insurance, protects your property from damage to the structure and the contents. The package includes

• Vandalism or theft of your personal property at home or away from home.
• Medical Payments to others for injuries acquired while on the premises regardless of fault.
• Extra living expenses if you have to leave your home after an insured peril has damaged it.
• Personal liability for you or your family members who stay with you due to carelessness on or away from your premises.

There are other coverage characteristics provided in the policy, and as you would expect, some limitations and exclusions apply as well. Coverage is not accessible in all areas of the state due to exposure restrictions.

Property

There are many various insurance coverages built into a Orange Heights homeowner's insurance policy. Property coverage secures your real estate (the house itself), any other detached structures like a property fence or utility building, and your contents.

Additional Living Expense

Added Living Expense (also called Loss of Use), is added coverage on your Florida homeowners insurance policy that funds for a temporary place to live if your home is damaged due to a covered claim and is not liveable.

Valuable Items Coverage

If you own expensive jewelry, computer equipment, antiques, artwork, or photography equipment, we can also ensure these items. Depending on the situation, we can add this individual coverage to your Florida homeowner policy or write a separate personal inland marine or different articles floater policy.

Personal Liability Coverage

Florida homeowner's insurance covers your liability. The typical Orange Heights, Fl homeowners' insurance policy gives $300,000 or $500,000 in individual liability coverage. If you have assets valued more than this, you should regard purchasing a Florida own umbrella policy.

A personal umbrella policy is a separate liability policy that grants an additional $1 million or more liability coverage for you. The extra liability coverage also includes your Florida auto liability, watercraft liability, recreational vehicle liability, and any other potential personal liability danger. The Moran Insurance can write Florida's umbrella policies up to $50 million.

Sinkhole and Catastrophic Ground Collapse

Florida has more sinkholes than any other state in the nation. Florida law defines a "sinkhole" separately from the insurance coverage called "catastrophic ground cover collapse."

A "sinkhole" is "a landform created by subsidence of soil, sediment, or rock as underlying strata are dissolved by groundwater. A sinkhole may form by collapse into subterranean voids created by dissolution (the dissolving) of limestone or dolostone or by the subsidence as this state is dissolved."

1). "Catastrophic ground cover collapse" is defined as "geological activity that results in all of the following: 1). The abrupt downfall of the ground cover

2). A depression in the ground cover visible to the naked eye

3). Structural damage to the building, including the foundation

4). The guaranteed structure being condemned and ordered to be vacated by the government agency authorized by law to issue such an order for that structure."

If your home is damaged from sinkhole activity, then the damage must meet the definition of "catastrophic ground cover collapse." If it does not meet this definition, it may be covered under the separate "sinkhole coverage endorsement." You must pay an additional premium and demand that the "sinkhole coverage endorsement" be added to your Florida homeowners insurance policy.

Properties Owned By Corporations, LLCs, Trusts

Many occasions, Florida homes are owned by a family trust, or business partners purchase Florida vacation homes as an investment. These homeownership situations are entirely common in Florida.

Moran Insurance can write a Orange Heights insurance policy for homeowners and family trusts, corporate-owned homes, vacation homes, short term rental homes, homes owned in an LLC, and corporate-owned condominium units. Whether it is a long-term rental home, a seasonal home, or a short-term vacation rental home, the Moran Insurance can write a homeowner's insurance policy to cover it.

Get an Orange Heights Homeowners Insurance quote quick and easy.

Create the form below, and we will email you a verification along with your Moran Insurance account manager's name and contact information. Are you buying a home in a specific subdivision or development? Then we have particular community and construction information for you.

Resources and References:

• About Orange Heights, Florida
• Catastrophic Ground Cover Definition