{"id":8519,"date":"2020-12-07T13:49:41","date_gmt":"2020-12-07T18:49:41","guid":{"rendered":"https:\/\/blog.greatflorida.com\/?p=8519"},"modified":"2026-04-16T17:40:29","modified_gmt":"2026-04-16T21:40:29","slug":"most-homeowners-are-uncertain-what-home-insurance-covers","status":"publish","type":"post","link":"https:\/\/www.greatflorida.com\/blog\/2020\/most-homeowners-are-uncertain-what-home-insurance-covers\/","title":{"rendered":"Most homeowners are uncertain what home insurance covers"},"content":{"rendered":"

A home is the largest investment most people own. Naturally, homeowners want to keep it protected which provides peace of mind. This is the benefit of home insurance<\/a>.<\/p>\n

However, around 70% of U. S. homeowners are uncertain what is covered by their homeowners insurance<\/a> policy according to a recent report by Plymouth Rock Home Assurance<\/a>. Even more concerning, 20 % don\u2019t know how much they are paying for homeowners insurance. And only 30% feel confident they know what is covered with their home insurance<\/a>.<\/p>\n

\u201cSelecting home insurance<\/a> can be intimidating, so homeowners often seek out low rates without checking on the type of coverage they are getting,\u201d says Dustyn Shroff<\/a>, Vice President of GreatFlorida Insurance<\/a>.<\/p>\n

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https:\/\/www.iii.org\/press-release\/the-start-of-hurricane-season-is-the-right-time-to-review-insurance-needs-053118<\/figcaption><\/figure>\n<\/div>\n

What is covered?<\/strong><\/p>\n

Homeowners insurance<\/a>protects your dwelling, your belongings and provides liability coverage<\/a> for injuries that happen on your property.<\/p>\n

Most mortgage lenders require home insurance<\/a> for home buyers. Yet, the minimum home insurance your lender requires might not be enough. Also, some condo associations have requirements in their bylaws regarding homeowners insurance coverage minimums.<\/p>\n

What is not covered?<\/strong><\/p>\n

Homes located in Florida are vulnerable to natural disasters such as flooding, hurricanes and tornados. These calamities cause an increased in premiums because these are not included with basic coverage.<\/p>\n

Coverage can be purchased for disasters such as flooding, sinkholes and sewer backups. They must be purchased separately or as add-on coverage. Catastrophic ground cover collapse is mandatory in Florida however, comprehensive sinkhole coverage is optional.<\/p>\n

\u201cIt is crucial for homeowners to regularly review their home insurance<\/a> policy so they are paying for the adequate coverage they need, and not overpaying for coverage they don\u2019t need,\u201d says Buck with GreatFlorida Insurance<\/a>.<\/p>\n

Price seems to be the most important factor for homeowners selecting a policy. The National Association of Insurance Commissioners<\/a> reports the average premium in the U.S. for a home insurance policy is $1,211. In Florida the average premium is the second highest across the nation at $1,951 according to the Insurance Information Institute<\/a>, second highest in the country.<\/p>\n

The primary factor that affects a homeowners premium is location. If you live in a hurricane or flood zone<\/a>, expect to pay more. While location has a significant impact on home insurance rate, age, gender, marital status, credit score and claims history will also impact your insurance rate.<\/p>\n

Be sure to sit down with a qualified insurance agent<\/a> in your area before deciding on the home insurance<\/a>you need. A local agent<\/a> is familiar with the unique needs in your community and can help you get exactly what you need from your home insurance<\/a>.<\/p>\n

GreatFlorida Insurance<\/a> has local agent across Florida who can answer your questions about home insurance<\/a> while searching for the best deal and coverage available. Contact us today.<\/p>\n

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https:\/\/www.greatflorida.com\/florida-homeowners-insurance<\/figcaption><\/figure><\/p>\n","protected":false},"excerpt":{"rendered":"

A home is the largest investment most people own. Naturally, homeowners want to keep it protected which provides peace of mind. This is the benefit of home insurance. However, around 70% of U. S. homeowners are uncertain what is covered by their homeowners insurance policy according to a recent report by Plymouth Rock Home Assurance. […]<\/p>\n","protected":false},"author":1219,"featured_media":8524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,30,1,10,8,89,9],"tags":[],"class_list":{"0":"post-8519","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-homeowners-insurance","8":"category-flood-insurance","9":"category-floridainsurance","10":"category-florida-insurance-industry","11":"category-renters-insurance","12":"category-travel-insurance","13":"category-umbrella-insurance"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/posts\/8519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/users\/1219"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/comments?post=8519"}],"version-history":[{"count":5,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/posts\/8519\/revisions"}],"predecessor-version":[{"id":13679,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/posts\/8519\/revisions\/13679"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/media\/8524"}],"wp:attachment":[{"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/media?parent=8519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/categories?post=8519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/tags?post=8519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}