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Florida Homeowner Insurance: A Guide For First-Time Home Buyers

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Lawyer discussing homeowners insurance policy to a client


Homeowner insurance is not just a luxury but a necessity. You stand to gain so many things by having homeowner insurance. However, to get the best homeowner insurance deal, you should get a perfect Homeowner insurance lawyer.

The best part about getting home insurance is that you don’t need to own a house before getting one, and you’ll still be covered. Some landlords even require that their tenants have particular insurance policies before moving in to shield themselves from financial risk.

How Does Home Insurance Works?

When you’ve researched the subject, you’ll understand that homeowner’s insurance is a relatively simple concept. However, it will be advantageous if you research them extensively to discover any loopholes in the insurance policy you might have missed.

The H03 coverage is a combination of insurance from six distinct categories. All rolled into one convenient package. This insurance policy will offer you a coverage plan that covers your entire home structure, personal belongings, living expenses, loss of use, liabilities, and medical payment if your home is damaged or you are injured. There are further explanations on coverage A to F.

Coverage A: Protection for The Structure of Your Home

Protection for the structure of your house coverage covers the whole structure of your house. If your house is destroyed by an event covered by your insurance policy, the money from your insurance policy will go toward helping you rebuild it.

If you do this, it will also pay the cost of replacing your house. However, you should know that it does not pay for depreciated value and will not pay for more than the limit you select. Therefore, you need to ensure sufficient coverage to rebuild your apartment.

Coverage B: Protection for Your Detached Structure

There’s a possibility that you have a separate building on your property that needs to be protected. Therefore, you will require a unique policy to cover those detached buildings.

Even if you rent out your detached structure, you could negotiate with your tenant to pay for a separate property policy or pay for it yourself.

In most cases, the amount of insurance you have on detached structures is either 2% or 10% of the insurance you have on your primary residence; however, larger limits are attainable.

Coverage C: Protection for Your Personal Belongings

Additionally, the H03 insurance policy includes coverage for protecting your personal belongings, as this is a policy requirement. Suppose any of your personal belongings are damaged or lost due to an event covered by your insurance policy. In that case, you will receive compensation to help replace those items.

Once you have obtained your insurance policy, one of your priorities should be to conduct a thorough inventory of all items down to your tablespoon that you would like to have covered by the policy. Then you will keep this list someplace else. Watching your profile inventory list get wiped out and your possessions will be horrible.

Also, remember that you might need an additional insurance policy for your expensive personal belongings, such as jewelry and watches, as there is a dollar limit on them. Consequently, if you are interested in the bigger insurance policy for your expensive item, you should get an additional one.

You can purchase more or less coverage, but the amount considered “Personal Property” typically equals fifty percent of the total insurance you have on your home.
In the event of a claim, the insurance company will pay you the amount that the value of your personal belongings has decreased to. Your policy may pay the cost to replace your belongings if you pay an additional fee, typically between 5 and 10 percent of the premium.

Coverage D: Additional Living Expenses

Suppose you cannot continue living in your home due to an insured risk. In that case, your insurance company will be required to pay for an additional twelve months of living expenses insurance while your property is being repaired.

For instance, if an insurance risk occurs to your home and you are forced to evacuate it, all of your bills, such as those for your hotel, restaurants, and other establishments, will be covered until you return home.

Coverage E: Protection for You and Other People (Liability Insurance)

This policy will defend you against a lawsuit if somebody is wounded on your property and you are the one to blame. It’ll also apply to property damage of other people by you or your family members. Though, if you have a dog, you might need to get additional insurance for the dog.

When picking your liability coverage limits, consider how much money you make and your assets. Your liability coverage should be high enough to safeguard your assets if you are sued. Typically, liability limitations on a homeowner’s policy are $100,000, $300,000, or $500,000.

If you have higher assets than this, seek an umbrella insurance policy that extends your liability coverage to $1 million.

Coverage F: Medical Payment for Others

The 6-in-1 insurance policy covers your guests if they sustain an injury while on your property. If certain conditions are met, the insurance policy may extend its protection to third parties who sustain injuries away from the insured property.

It does not cover the cost of medical payments for you or your family, which means that you may need to purchase supplemental insurance to cover such costs.

In most cases, the maximum amount that can be paid for medical expenses is between $1,000 and $5,000.

Contact Schrier Law Group

If you ever want to get homeowner insurance in Florida, it will be best to hire a lawyer. This way, you will become more familiar with the home insurance policy, making it simpler to select the appropriate insurance policy for your needs. You will also have the option of selecting any additional insurance coverage most suited to your requirements.

Read Our Reviews

Schrier Law Group is rated 5 out of 5.0 stars based on 22 review(s).

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My name is David and I’ve been represented by mr. Schrier law firm twice in my life and I got nothing more then good things to say about them they are very professional and they really Take their clients I really recommend them every time I called them they were always there for me especially the attorney he’s very professional and he got me the money did I deserve by representing me and fighting for me I will use their services again them no questions asked if I ever need them to me they are the best God bless them all

David Cuello

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The Schrier Law Group are hands down the best and should be your go to for all your legal troubles. They are such professionals; efficient, persistent and don’t take no for an answer. Thank you so much Chatriece, Geissie, Paul & everyone at Schrier Law Group for your patience and making my win possible!

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Shrier Law Group extremely thorough. A really caring Law Firm. My previous lawyer sat on my case for 2 years did nothing with it by chance came across Mr Paul schreier firm and explaining my case he noticed I was not hopeful but he was able to encoirage me and was able to resolve my case within a year I'm so grateful for Mr Paul Schrier and Mrs Chatrice. They go above and beyond. 20⭐

West Jean

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I must say that Mr. Schrier was there when we needed immediate advice after my wife got rear-ended by an unlicensed speeding lunatic. We called a handful of attorneys in our area, but after waiting 2- 5 days they would drop her case. We found Mr Schrier online and he explained the pros/cons and he took the case. We waited patiently, and in time he was able to tracked down the actual owners of the car and get their auto insurance info!

Gerard Avalos

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The firm pays close attention to locating every possible insurer liable for my injuries. They return my calls in 24-48 hours. Friendly staff who care.

Mr K

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Attention to detail with the different insurance coverages. Returned my phone calls, which is very important.

David Kuczenski

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Mr. Paul Schrier is by far the best attorney for the job! He is very responsive, knowledgeable, and very efficient. Despite my very busy schedule, he kept me informed throughout the process. I am very please with the outcome of my case. The customer service I received from the entire team has been amazing! Thank you all so much!

Ms. Jean

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Not only did I get a phenomenal attorney to represent me in my case, but I also got a step by step education on how the legal process actually worked. I was encouraged to ask questions and be an informed client. I was never treated like a case. I truly felt like the advice and recommendations he gave to me would have been the same he would have pursued if he were the client. That was important to me. I needed to work with an attorney I could trust with my best interest in mind...and that is what I got with Paul Schrier.

Juan Rodriquez

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I was involved in an auto accident in January 2016. We decided to contact Paul K. Schrier, PLLC for legal advice. He never got annoyed with me calling to ask questions, which was quite often. We have finally reached the final stages of this case, which they handled very well, and have come to a settlement. I highly recommend the Florida personal injury attorneys at The Law Offices of Paul K. Schrier, PLLC, especially Paul K. Schrier to any one who needs a personal injury attorney. Thank you very much Paul for everything you have done do me.

Martin Tyler

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I called to ask some question about a car accident I was in. I spoke to Paul who was very helpful, honest and professional. It seems that he really care about clients. I appreciate all that Paul did and would certainly recommend to anyone who needs an attorney.

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Thank Paul for everything your personal injury law firm has done for my case as well as my daughter. Thanks for all the hard work and attention. Thanks again!

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Thank you so much for going above and beyond what I had ever anticipated. It was truly a pleasure to work with you all, especially Chatrice. I will most definitely refer The Schrier Law Group to my family and friends.

Cat Breen

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The Schrier LG is an excellent firm! They accepted my case, provided me with all the procedural information, maintained a high level of professionalism while showing kindness and care. The doctor's office that they suggested is another group of kind and considerate individuals, dedicated to my full recovery. I would recommend the Schrier Group to friends, just as they were recommended to me. I am happy with my settlement and very pleased with the attention and diligence of the group as a whole. Thank you again!

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