Is it mandatory to have homeowners insurance in Florida?

Is it mandatory to have homeowners insurance in Florida? Many FL residents ask the same question when it comes time to shop for a policy. In fact, its a commonly asked question. If you are one of the 70% of Americans out there who finance their home with a mortgage, your lender will require you to purchase coverage. So even though there’s not a specific law dedicated to home coverage, its definitely necessary.

Why is coverage necessary? Well, until you have completely paid off home loan, your mortgage company owns a part of your home. So they will want to prevent any damages that could decrease the value of your home.

Florida homeowners insurance according to helps cover unforeseen disasters such as hurricanes, tornadoes, fires, and other perils. Your policy will help cover repairs, so your home can stay in perfect condition.

Reasons why you need FL homeowners insurance

So if you don’t have a mortgage and think its okay to go without coverage, here are few reasons why you are completely wrong.

If you don’t have the money to rebuild your home completely out of pocket

For almost everyone, your home is your largest investment in life. Its definitely worth more than your savings. Without proper coverage from, if you needed to rebuild your home expect to pay for that out of your pocket. Doesn’t sound fun, right?

If you have expensive valuables that you to provide protection for

If you have family heirlooms, expensive electronics, and jewelry then you will want to provide the best protection for them as well. No one wants to go through the devastation of losing these items.

Aren’t you worried about potential lawsuits? There is always a risk of guests getting hurt while visiting your home. This is even more true if you have a swimming pool or a trampoline. Don’t let mishaps like this drain your bank account. If you are found liable and get sued, then you could be hit with outrageous medical bills and could potentially lose everything you have.

Peace of mind is everything.  Who doesn’t want to live peacefully without worry? Eliminate the worry of losing your home to the unknown with homeowners insurance in Florida.

Just because homeowners coverage in FL from is not mandatory, doesn’t mean you should go without it. In fact, its strongly recommended to purchase a policy. Do not go risking everything you have by not purchasing a policy.

With such a high disaster in Florida you would be simply crazy not have protection. Stop waiting! Start researching policies that would best fit your needs. In the end, you will be glad you purchased a policy.