Homeowners Insurance

If you have tangible assets, you need the protection of a homeowners insurance policy. These policies cover you in a home or an apartment, whether you are an owner or a renter. A well-written homeowners policy will pay to replace any of your personal property that is destroyed in a fire or other disaster. The policy will also be your first line of defense against a lawsuit from someone injured at your home.

The cost of this coverage is determined by many rating factors. The quality of the coverage, however, is determined by the quality of the insurer and whether the policy is written on a named perils or all-risk basis. A named-perils policy covers only those losses specifically cited in the contract. The all-risk policy works the opposite way – unless a peril is specifically excluded, coverage is provided. The all-risk policy is broader and the burden of proof is on the carrier, not you, in the event of a loss.


Because everyone’s needs are not the same, it is best to consult your agent to help assess your needs and find the insurance policy that is right for you.

Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself and the things you keep in it.

Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.

Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance. You must buy two separate policies for flood and earthquake coverage. Maintenance-related problems are the homeowners’ responsibility.

Why do you need homeowners insurance?
It is really all about protecting yourself financially if something unexpected happens to your home or possessions. That’s important because chances are your home is likely one of your largest investments.

If your home was destroyed by fire or damaged by a natural disaster, you’d need money to repair or replace it.
If a guest in your home is injured, liability protection and medical coverage help pay expenses.
If you are a victim of theft and vandalism, it can reimburse you for your loss or pay for repairs.
If you are still paying for your home, your lender will require insurance.
It is important to know that homeowners insurance is meant to cover unexpected damage, not routine maintenance. Ask your agent to talk about what is covered and be sure to read your policy so you know exactly what’s included and what is not.

Things to discuss with your insurance agent:
How much will it cost to rebuild my house and replace my belongings if they are damaged or destroyed?
Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?
What discounts are available?
What’s the process for filing and settling a claim?
What discounts are available?
What does the policy cover? What doesn’t it cover? What are the limits to the coverages?
How much coverage do I need for my personal property?
Should I buy flood insurance or earthquake coverage?
How will my credit history affect my premium?
What is the rating of the insurance company?

Protecting your assets is a priority; Therefore, selecting suitable insurance coverage for the best value is important.  Frequently asked questions are:  What’s the best insurance company? or Can I get a cheap insurance quote online?  There isn’t one solution to fit all when it comes to insurance. That’s why Florida Insurance Hub works with multiple carriers to provide solutions to fit your resources and needs.  Contact Florida Insurance Hub for a complimentary risk assessment and insurance quote for auto insurance, homeowners insurance, flood insurance, specialty insurance, or business insurance.  Florida Insurance Hub is an independent insurance agency based in Brevard County and serving all of Florida including Titusville, Port St. John, Cocoa, Merritt Island, Rockledge, Viera, Melbourne and Palm Bay.