Property Insurance

Provides protection for your house (dwelling) and your family’s liability as well as the things you own in and around your home such as “other structures” (detached garage, fence, etc.), your personal property (furniture, clothing, etc.) against covered perils such as fire, theft, wind/hail and more. Call me today for a homeowners insurance quote and I’ll help you get the protection your home needs and the savings you deserve with our money-saving discounts.

 

Property insurance covers many risks when you own or rent a property. This coverage can include home insurance, renters insurance, condo insurance, landlord insurance, or mobile home insurance. Property insurance may also provide supplemental coverage to help when standard home and renters insurance doesn’t help, such as flood insurance and earthquake insurance.

 

Each type of property insurance policy offers different coverage. For example, homeowners insurance includes dwelling coverage, while renters insurance doesn’t pay for damage to a building or house. Landlord insurance instead covers the building and shared spaces, such as lobbies and staircases.

Most property insurance policies include coverage for personal belongings and personal liability insurance. If there’s a bodily injury or property damage claim against you, liability insurance pays for your legal fees and covers the other person’s losses.

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Homeowners

 

Homeowners insurance generally provides coverage for single-family homes.

• Dwelling coverage protects against damage to the primary structure.

• Personal Property coverage protects your belongings.  Also referred to as Contents coverage.

• Liability coverage is for accidental injuries and property damage that you or other members of your household cause to others.

• Medical Payments coverage pays small medical bills for guests that are accidentally injured on your property regardless of fault.

• Additional living expense coverage reimburses you for extra expenses incurred caused by living elsewhere while your home is repaired from a coverage loss.

 

There are several forms of homeowner policy, but the most common is an HO-3 policy typically written for a single family home.  An HO-6 policy is for Condos and an HO-4 policy is for renters coverage.  This type covers your house and personal property against all perils except those excluded or limited by the policy.  In addition to the standard coverage in a homeowners insurance policy, you can purchase endorsements that fill coverage gaps, such as valuable items coverage, water backup/sump pump coverage and ordinance or law coverage.

 

Landlord

This type of property insurance covers your properties held for rental.  It might include:

• Coverage for the dwelling and other structures

• Coverage for items in the home owned by the landlord

• Loss of rental income (after a covered loss)

• Liability coverage

A Landlord policy can be written for most types of properties like single family homes, condos, and multifamily (townhomes).  Landlord insurance doesn’t cover tenants’ personal belongings or liability (only renters insurance will cover those things).

In a landlord insurance policy, personal property insurance covers belongings used at the property or shared by tenants.

 

At LAMB Insurance Services, we understand the unique needs of homeowners in Florida.  We are directly appointed and able to write coverage with many of the leading Homeowners insurance carriers available.  Reach out today to discuss your home and get a competitive quote.