The housing market in and around Jacksonville, FL is growing strong, meaning more people are looking to buy homes. This is an exciting time to be a buyer, but it can also be a confusing experience. 925 Partners wants to make the process easier. That’s why we’ve put together this short, handy guide to help navigate home insurance for new buyers.
Do I need home insurance?
The state of Florida does not require homeowners to insure their property. However, there is a good chance your mortgage company will. Furthermore, a homeowner’s insurance policy will cover your house in the event of a disaster. Without an insurance policy, you will end up having to pay for any damages alone.
Can property features affect my insurance?
The location and condition of your chosen home can affect the kinds of insurance you’ll need. Some property features to consider when looking for a home include:
- Special Features – Swimming pools, hot tubs, and large fountains all require technical care and, therefore, special insurance considerations.
- Flooding Risks – Flood insurance is never covered by a standard homeowner’s policy. If the area is prone to flooding, you’ll want a specific flood insurance policy.
- Coastlines – If your chosen home is closer to the Florida coast, you’ll want to consider coverage for windstorms and hurricanes.
- Age and Condition – Older homes can carry higher liability risk, especially if they are poorly maintained. It’s crucial to inspect the condition of the roof, foundations, and fixtures. A home that is not up-to-date with modern codes can be extra hazardous during a disaster.
What should I do before I buy?
Contact your home insurance professional to get estimates and qualifications on the houses you have your eye on. 925 Partners of Jacksonville, FL offers policies across the state of Florida, and we can help you select the perfect policy before you move in. We can also answer any questions you have about coverage online, by phone, or in person.