Jacksonville, FL (PressExposure) June 07, 2009 -- Not all insurance policies are similar. There are several types of homeowners and auto insurance that have different coverage. It is important therefore to understand the various insurance policies available for you. Although Florida homeowners insurance companies and auto insurance Florida companies will explain to you their insurance plans and packages, it is still best to have a basic knowledge of the different types of insurance policy coverage.
For homeowners insurance, the standard policy has four types of coverage. If you take a standard policy from Florida homeowners insurance companies, then you are protecting your primary dwelling from natural and man made disasters. However, the definition of disasters can vary. Your policy may only cover damages due to fire and lightning. But because you are living in Florida, make sure that damages caused by hurricanes, storms, flooding, and wind will be included. So better ask your Florida homeowners insurance agent if your policy has specific cover for such disasters. It is also best to get coverage for damages caused by vehicles, airplanes, and rioting.
Florida homeowners insurance companies include other coverage in their standard policies. Your insurance therefore can provide cover for any attached structures of your main dwelling. So if your garage has been damaged, then you can claim insurance for it. Your personal belongings can also be covered by the insurance policy. This refers to jewelry, art works, expensive furniture, and electronic devices that can be damaged due to multiple reasons. This coverage is ideal if you have lots of valuable things in your house. Your insurance will be costly but you will be compensated if something bad happens to your expensive belongings. You can also get cover for the guests who will be injured while they are in your house.
Different coverage is also available if you take an auto insurance policy. Auto insurance Florida companies normally provide standard liability cover for you. This is mandatory under the state law and it protects you from financial risks due to damages caused by accidents. This is expensive but you can avoid financial ruin if you have this type of cover. You can also get personal injury coverage from auto insurance Florida companies. This type of cover will shoulder all medical expenses and bills if you figured in a road accident. Auto insurance Florida companies can also add an uninsured motorist cover for you. This is inexpensive and can be very useful if the other party in a road accident has no insurance.
Understanding the different aspects of your insurance policy is very important. Make sure to carefully read the coverage of your insurance policy to ensure that you have adequate protection. Different insurance companies also provide different policies so better ask your insurer about your coverage before you sign the final contract. You can save yourself from lots of headaches and financial difficulties if you get adequate coverage. So the next time you shop for insurance policies, always ensure that the plan has comprehensive cover for major eventualities that could happen to your house and to your car.