What is HO6 coverage? An HO6 insurance policy is commonly called condo insurance because it provides coverage for condominium units. This type of coverage includes liability coverage, personal property coverage, and improvement coverage. It doesn’t cover the exterior of the condo unit, because that is typically covered by the HOA (homeowner’s association). HO6 insurance will …

What is HO6 coverage? Read More »

What the difference between DP1 coverage and DP3 coverage? A DP1 insurance policy offers coverage equal to the actual cash value of your home. It does not cover the cost of replacing your home. So, if your home has depreciated in value over the years, the depreciated value is the maximum compensation you would receive. …

What the difference between DP1 coverage and DP3 coverage? Read More »

What is the difference between HO-3 coverage and HO-8 coverage? If your home was built within the past 40 years, you’ll want HO-3 coverage. It’s the most common type of homeowner’s insurance policy. It offers coverage for the home itself and all the people within it. The HO-3 is the standard homeowner’s insurance policy and …

What is the difference between HO-3 coverage and HO-8 coverage? Read More »

How long is the typical claim process? The homeowner’s insurance claim process can take many weeks or months before a settlement is reached. In Florida, insurance companies are required to approve or deny a homeowner’s insurance claim within 90 days. If they decide to approve the claim, they are required to make the payment within …

How long is the typical claim process? Read More »

Do I pay for a property inspection? When you apply for a homeowner’s insurance policy, the insurance company will hire a professional home inspector to inspect your home. The insurance company wants to know the current condition of the home in order to determine what it might cost top rebuild it. If there are any …

Do I pay for a property inspection? Read More »