Peace of mind sold here daily.
Protecting life’s most valuable assets.
Providing Florida Homeowners Peace of Mind Since 1999
When it comes to buying homeowners insurance you have a lot of options. At DFI Insurance, our goal is to make shopping for insurance as painless and worry-free as possible.
Single Family Homes
Your home is typically the largest investment you’ll ever make. For mortgaged homes, your lender will typically require insurance coverage on the home, including flood insurance if your property is located in a flood zone. Normally, your policy will provide coverage for the structure itself, other structures such as fences and storage sheds, the contents of your home, and ALE (Additional Living Expenses). Property coverage helps pay for damage caused by unforeseen perils to your home while ALE will pay for some extra expenses should you be displaced from your home while it is being repaired.
Condominium insurance covers your personal property as well as certain building items not insured by your association’s policy, as well as personal liability coverage. Be sure you are familiar with your condo’s by-laws and policy to know specifically what the association is responsible for. If an item(s) is covered by both the association’s policy and the unit owner’s policy, the association’s policy should pay first. Condo associations may assess individual unit owners for damage to the commonly owned areas that are not covered by the association’s policy, that’s why it makes sense to include coverage for such a “loss assessment.”
Mobile home policies do not always provide coverage as broad as a single-family homeowner’s policy, so it’s important to review your policy to determine what’s covered and what’s not. There are three settlement options available on a mobile home policy: a stated amount policy, which specifies that amount you will receive in the event of a total loss; an actual cash value policy will pay for the amount needed to repair a mobile home; and a replacement cost policy will pay for the replacement of a damaged or destroyed home without deducting for depreciation.