The insurance market in Florida is unique at the same time fascinating especially if you are shopping for a home policy. You don’t want to be blown away with some often complex provisions that affect your cover. Understanding your obligations and rights is essential for financial planning. Nonetheless, is homeowners insurance a law requirement in the Sunshine state? Let’s have a quick look. 

What do statutory requirements say? 

No law in Florida law requires mandatory homeowner’s coverage unless your mortgage obliges so. Or if you are a member of a homeowner’s association, the prevailing control documents might require you maintain your property under a home insurance policy. Even so, you are strongly advised to protect your property under this invaluable investment from proficient insures like Inlet Beach FL, Dune Lakes Insurance. In the long run, it is worth overcoming the risks when the inevitable strikes. Also, this will protect your mortgage company’s security interest. 

Homeowner’s insurance covers specific types of properties against any loss or damage caused as a result of theft or other perils like the storm, and fire. In some cases, the owner can be insured against any legally binding accidental injuries or death risks.The contractual agreement is signed by the insured and the insurer and is often not subject to brokering. It is a ‘take it or leave it’ document typically known as a contract of adhesion.

However, under Florida law, ambiguous terms in the insurance contract will often be read as it is, inclining to your advantage. Might you be thinking of taking a home insurance policy? Call or reach out to Inlet Beach, FL, Dune Lakes Insurance for guidance and free consultation. Their receptive certified agents will  gladly provide you any additional information and respond to all your queries.