Homeowners Insurance in West Palm Beach

Homes are susceptible to various accidents, many of which can be challenging to recover from financially. With the right homeowners insurance policy, you can gain liability and property coverage, which can assist you by limiting high out-of-pocket recovery expenses after an accident.

If you’re a Palm Beach, Florida, resident and need home insurance, we’re here to help. Top Coverage Insurance Agency LLC has been providing residents with quality insurance solutions for years and want to help you get the coverage you need. Contact us today to learn more.

What Is Homeowners Insurance?

Homeowners insurance, like most insurance policies, is coverage that homeowners can purchase to have financial protection against unforeseen incidents that occur to their homes, such as fires and certain storms. It also provides coverage against liability claims that may arise if a guest is injured in your home or you or another insured party on your policy causes third-party property damage or bodily injury. In exchange for an insurance premium, policyholders receive financial protection should they experience a covered incident and file a claim against their policy. Coverage lasts for the length of the policy term, at which point you may opt to renew your coverage.

What Does Homeowners Insurance Cover?

There are a few different types of homeowners insurance, but the standard home insurance policy is referred to as a package policy, as it provides both property and liability coverage. What’s covered under your policy will be unique to you, but the standard policy generally includes the following coverages:

• Property protection—This portion of your policy may help pay to repair or rebuild your home and any other structures on your property if damaged or destroyed by fire, hail, lightning or other covered disaster. Damages caused by hurricanes, floods, or earthquakes are typically not covered under a standard policy. We can help you secure additional protections like flood, windstorm and earthquake insurance.
• Personal property protection—This portion of the property protection component of your policy may help pay for personal items stolen or destroyed in a covered loss. Your personal property protections may be subject to limits. If you have expensive or high-value items, you may need to purchase a personal property endorsement or floater to insure them properly.
• Liability protection—This portion of your home insurance policy may help cover the costs of medical bills and lawsuits for bodily injury or property damage that you or your family members cause to others. It can also pay for guest injuries or illnesses sustained on your property. The liability portion of your policy may also help pay your court costs and any awards up to your policy’s limit. Some people may buy an additional umbrella insurance policy for broader coverage, including claims for libel and slander.
• Additional living expenses protection—This portion of your home policy may help pay your living costs if you must live elsewhere due to damage from a covered disaster. This coverage may pay your hotel bills, restaurant meals and other living expenses up to your policy’s amount.

Reach out to Top Coverage Insurance Agency to learn more about potential coverage options to include in your policy.

Is Homeowners Insurance Required?

Florida does not require homeowners to purchase homeowners insurance. However, if you have a mortgage on your home, your lender may require you to carry homeowners insurance. Required or not, homeowners insurance provides essential financial protection against accidents and other incidents.

Learn More

If you are a homeowner near West Palm Beach, Florida, the experienced agents at Top Coverage Insurance Agency can assist you in learning more about homeowners insurance to help you decide on the right policy for your home.

Learn more by contacting our agency today at 305-690-1849.