Question 1

How is an independent agency in Plantation different from a captive company in offering homeowners' insurance?

Accepted Answer

In Plantation, an independent agency has the advantage of offering a variety of homeowner's insurance products, as opposed to captive agencies that are limited to selling only one company's products. This means that an independent agent can provide individuals with a variety of options and coverage plans that are tailored to their needs and budgetary constraints.

Question 2

Is tree removal covered by a homeowners' insurance policy in Plantation if a tree falls on your property?

Accepted Answer

Your homeowners' insurance coverage in Plantation will take care of the expenses related to tree removal from your property if the fallen tree results in significant damage to your house. However, if the fallen tree does not cause damage to any insured structures on your property, your homeowner's insurance will not cover the cost of tree removal and you will be responsible for the costs.

Question 3

How do hurricane deductibles work in Plantation?

Accepted Answer

Similar to other deductibles, hurricane deductibles in a Plantation homeowners insurance policy require policyholders to pay a certain amount before receiving reimbursement for property damage. In contrast to conventional deductibles, hurricane deductibles are calculated as a percentage of the total home insurance coverage, rather than as a fixed dollar amount.

Question 4

Can the installation of solar panels lead to an increase in your homeowners' insurance premium in Plantation?

Accepted Answer

Installing solar panels generally increases the value of a Plantation home, which may result in higher insurance premiums. However, the majority of homeowner's insurance policies already include coverage for solar panels on the roof, saving you the trouble of obtaining a separate policy. If your solar panels are installed on the ground or on a carport, you may need to purchase a policy extension.

Question 5

How is condo insurance different from homeowners' insurance in Plantation?

Accepted Answer

Although condo and homeowners' insurance policies in Plantation provide similar coverage such as dwelling, personal property, loss of use, medical payments, and loss of use, the specific amount of coverage for condo insurance is determined by the homeowners association's master policy. Additionally, condo insurance typically covers only the interiors of an owner's unit, whereas homeowners' insurance covers both the interior and exterior of the home, as well as features on the surrounding property.

Question 6

What determines the price of homeowners insurance premium?

Accepted Answer

The premium, or monthly cost, of your homeowners' insurance policy depends on several factors, including the value of your home and amount of coverage you choose. Your credit history and whether the property is in a higher risk area also play a role.

Question 7

What is the difference between home warranty and homeowners insurance?

Accepted Answer

Homeowners' insurance protects your home and property from damage from events that include storms, theft, and fires. A home warranty covers repair costs for parts of your home that eventually breaks down. For example, if a fallen tree damages your roof, it's typically covered by insurance, not the warranty.

Question 8

Does Geico offer homeowners insurance?

Accepted Answer

Because auto insurance is Geico's focus and where they invest the most in advertising, many people know the company only as a car insurance provider. On the contrary, Geico does offer a range homeowners' insurance policies that cover dwellings, personal property, and personal liability, among other provisions.

Question 9

How long does homeowners warranty insurance last?

Accepted Answer

Home warranties vary based on the provider of the coverage, but most home warranties last for one year. Once they run out, homeowners have the option of renewing the warranty or letting it lapse. If a covered item breaks down after the warranty period is over, repair costs won't be reimbursed.

Question 10

Does homeowners insurance cover water heaters?

Accepted Answer

Homeowners' insurance doesn't cover water heaters when they break down from normal wear and tear. An insurance policy may cover water damage to your home and property if it malfunctions, and if the water heater is damaged by a fire or an accident, home insurance may provide the costs to replace it.

Question 11

Are RVs covered under homeowners insurance?

Accepted Answer

Usually, an RV is covered under your homeowners' insurance, but that coverage will probably be subject to several exceptions and contingencies. For example, if you want to drive your RV, you'll either need car insurance or specialized RV insurance since the risks you'll face on the road do not fall under a homeowner's policy.

Question 12

Do new buyers need owner\'s title insurance on a new home?

Accepted Answer

There are unique risks that a buyer of a new home may face. For example, property claims from previous owners or liens from suppliers whom the homebuilders never paid during construction. Title insurance protects the home from these perils, and your mortgage lender may require it.

Question 13

Do owner builders need home warranty insurance?

Accepted Answer

In the United States, owner builders are not required to have home warranty insurance. If you're the one who built your home, you're expected to incur the costs of repairs yourself if a structure or appliance breaks down.

Question 14

Are dogs deaths covered in homeowners insurance?

Accepted Answer

Usually, the loss of a dog or other pet is not covered by your home insurance. However, many insurance providers offer riders — packages of added coverage — for pets called pet insurance. This ensures that medical costs and property damage caused by your pets are fully covered.

Question 15

Are earthquakes covered in standard homeowners insurance policies?

Accepted Answer

Standard homeowners' insurance policies do not cover damage directly caused by earthquakes. Insurance will sometimes cover indirect damage, however. For example, if an earthquake causes a fire in your home, damage from the fire will be covered under a standard home insurance policy.

Question 16

Are homeowners insurance and car insurance deductible?

Accepted Answer

Homeowners' insurance and car insurance premiums are not deductible as personal expenses on your taxes. However, some percentage of your premiums may be deductible as business expenses if you own a business and use your car and home for business purposes. This may vary between states.

Question 17

Are homeowners insurance payouts taxable income?

Accepted Answer

If you file a claim after a burglary at your home, for example, the insurance company will assess the value of the property lost or damaged and reimburse that amount. This payout is not taxable because it's not income — it's a replacement of lost value.

Question 18

How frequent should one change auto or homeowners insurance to another provider?

Accepted Answer

If you find home and auto insurance policies that you're happy with, you may never want to switch. However, various providers offer different combinations of coverage and price, so you may want to assess all your options every few years.

Question 19

What should a homeowners insurance include/cover?

Accepted Answer

A homeowners' insurance policy should cover the dwelling, personal property inside and some outside, other structures on the property, and liability. For example, it should cover medical bills if a guest sustains an injury. Not all of these coverages are included in every policy.

Question 20

How much homeowners insurance should someone carry?

Accepted Answer

How much insurance you need depends on the size of your home, its age, and other unique factors. Standard insurance policies cover around 70% of the total value of your home and additional covered property. Most policies that offer premises liability include $100,000 in liability coverage.

Best Homeowners Insurance Agencies in Plantation

We did the research for you!

Homeowners Insurance Agencies FAQs

Why choose this provider?

Reputation:

Professionalism:

Why choose this provider?

Reputation:

Professionalism:

Why choose this provider?

Reputation:

Professionalism:

Why choose this provider?

Reputation:

Professionalism:

Why choose this provider?

Reputation:

Professionalism:

Why choose this provider?

Reputation:

Professionalism:

Why choose this provider?

Reputation:

Professionalism:

Why choose this provider?

Reputation:

Professionalism:

Frequently Asked Questions

Introduction

How is an independent agency in Plantation different from a captive company in offering homeowners' insurance?

Is tree removal covered by a homeowners' insurance policy in Plantation if a tree falls on your property?

How do hurricane deductibles work in Plantation?

Can the installation of solar panels lead to an increase in your homeowners' insurance premium in Plantation?

How is condo insurance different from homeowners' insurance in Plantation?

What determines the price of homeowners insurance premium?