What Home Insurance Coverage Do You Need for 2022

Locally, more and more insurance companies are closing, taking the policies with them, so it’s a better time than ever to inspect your coverage and make sure everything is as it should be. But… what should it be? With so many types of insurance coverage, it may be hard to choose a plan that suits your needs. 

 

Whether you’re a new homeowner on the hunt for the best insurance, or you’re a current homeowner looking to update your insurance policy, it’s never a bad time to double-check your insurance coverage. Oftentimes, many homeowners “set and forget” their home insurance, essentially selecting their policies once and never looking at them again. Although this may work out for some, it’s always best to be on the safe side of things and occasionally review your coverage. 

 

Today, our policy pros here at Liberty Adjusters will be going over some essential coverage that every homeowner should have for 2022 (& beyond).  

 

If you end up needing to use your insurance, give Liberty Adjusters a call before you file that claim. Our public adjusters will walk you through the process and have your back every step of the way. Call today at (813) 922-5129. 

Dwelling Coverage 

 

Your dwelling refers to your home or property, meaning that dwelling coverage is meant to cover the structure of the home. This includes: 

 

  • Floors 

  • Walls 

  • Roof 

  • Attached appliances 

  • Attached garages 

  • Other structural buildings attached to the home 

 

This type of coverage is the most obvious to have, as it’s hard to overlook your house itself when selecting homeowner’s insurance. 

 

 

Personal Liability 

 

Personal Liability insurance is a very necessary aspect of your coverage. This provides guests with protection from bodily injury that may occur on the property. This covers accidents related to the property, such as a slip and fall. 

 

 

Content Coverage 

 

Content coverage is very important to include in your policy. Your possessions stored inside the home are referred to as “contents”, so this insurance coverage is meant to protect your household items and belongings. Here are some examples of items covered under content coverage: 

 

  • Couches 

  • Furniture 

  • Clothing 

  • Electronics 

  • & More 

 

 

Common Question > Can I Do My Own Insurance Claim Repairs? 

 

 

Requirements 

 

So far, we have covered dwelling, personal liability, and content insurance coverage. These three are the most basic coverage any homeowner should have, and in most cases, these are all required to be included in your homeowner’s insurance.  

 

Although Florida has over 2 million housing units without a mortgage, the majority of homeowners have an active loan on their property. Unless you own the home outright, you are required to have dwelling, personal liability, and content insurance coverages included in your policy. 

 

Since this is the case, it should be easy to confirm and double-check that you have all your required coverage. Truthfully, even if you own your home outright, these three basic types of insurance should be a part of everyone’s policy. 

 

Dwelling, personal liability, and content coverage are required to be included in your homeowner’s insurance if there is an active loan.  

 

Optional Insurance Coverages 

 

Now that we’ve covered the basics, we can move on to the optional coverage options that are commonly available. In our experience, we’ve seen many homeowners lose out on a claim from a lack of these optional policies. 

 

  • Replacement Cost - In the case your home needs rebuilt due to age or wear and tear damage, this can provide you with additional coverage. 

  • Other Structures - Dwelling coverage only covers structures attached to the home itself, while this additional coverage will apply to detached properties such as a shed, barn, or extra garage.  

  • Flood Insurance - Especially in Florida, it can give enormous peace of mind to elect for flood insurance. From heavy storms to hurricanes, there is a lot of use for this policy! 

Liberty Adjusters Has YOUR Back vs. Your Insurance Company 

 

Even if you select the BEST policies your insurance has to offer, without a public adjuster, your insurance can get away with paying you out much less than your property deserves! 

 

If you have suffered home or business damage and want to submit a claim, or if you just want to chat about your insurance policy, give Liberty Insurance Adjusters a call at (813) 922-5129.