Anyone in the Inlet Beach, FL area will want to ensure they are insured. While there are many important forms of coverage to obtain, maintaining the right insurance coverage on your home is very important. This includes ensuring you do not have a coverage lapse at the end of a policy term. Various adverse outcomes could occur if you do not have a home insurance plan in place due to a coverage lapse.

No Insurance Support

One of the largest challenges with having a coverage lapse is that you will no longer have insurance support. Once your policy is over, your insurance provider will no longer be obligated to cover any claims, which can lead to a serious financial burden if an accident occurs. Because of this, you always need to ensure that you remain protected and covered with a new plan. This could mean having a policy read to renew or entering into a new plan entirely. 

Lack of Compliance

Allowing your coverage to lapse can also lead to non-compliance with various agreements. If you have taken out a loan when buying a home or live in a home association, you likely are required to carry insurance. If you do not, you will be out of compliance and can be penalized. 

It is important that you prevent a lapse in coverage when you have a home in the Inlet Beach, FL area. When you are ready to start shopping for your next home insurance plan in this area, you can call our team with Dune Lakes Insurance. Our professionals with Dune Lakes Insurance will help ensure you build a plan that is right for your situation and appropriately protects your Florida property.