About
Wesley Chapel Homeowners Insurance

We can expect that your home is probably the most cherished investment your family will ever make, therefore we want to help you make sure that the assets you adore are protected under any circumstance.

When you live in Wesley Chapel homeowners insurance is important to have no matter where your house is located, or how big or small it may be. However, the more you have, the more you also have to lose. Make sure that you have a policy to protect whatever those needs may be for the contents within it to the house itself, your family, and your visitors for all unexpected situations. 

The average Wesley Chapel homeowners insurance policies will protect your pockets from four different areas of loss: personal belongings, home structure, liability and additional living expenses if incurred. Here is the rundown of information on what you should know about each area of coverage.

Dwelling Coverage

This portion of your coverage will protect the home’s structure, it will help rebuild or repair your home as needed when disaster strikes. There are a number of different damaging scenarios that your Wesley Chapel homeowners insurance will cover including:

• Fire/smoke
• Severe weather, including hurricanes
• Vandalism and theft
• Falling objects
• Damage from aircraft
• Damage from a motor vehicle

The limits on dwelling coverage are not based on market value, but the estimated costs to rebuild your home. As rebuilding costs fluctuate as a result of changing costs for materials and labor in the market that figure may become more expensive. Make sure to review your coverage and make sure you have enough semi-annually or even quarterly. The reason these frequent reviews are needed is so that you can give your insurance provider updates on any changes made to your home such as room/deck/porch additions, or updates/renovations made within any particular part of the home. Any of these changes can result in changes to the rebuild cost. Remember that the dwelling coverage may protect any structures attached directly to the main home like the porch or garage. 

As for the structures on your property that are not directly attached to the main home such as guest houses, detached garages, gazebos, sheds or fences, many policies may also provide coverage. However, they may be listed as “other structures” on your Wesley Chapel homeowners insurance policy.

The one thing people may not realize about these standard policies is that they will not pay for damage caused by storm surges from hurricanes/tropical storms, flooding, earthquakes, or traditional wear and tear that comes about over time.

Personal Property Protection

This section in your Wesley Chapel homeowners insurance policy covers the belongings that you keep within your home which may include, but may not be limited to furniture, electronics, and clothes. In the event that any of these items is stolen or damaged through any of the events listed as covered in the above dwelling coverage section, then they will also be covered. No matter where you venture out into the world, some of your personal belongings will probably go with you and that is always understandable. That is why the personal property portion of your policy exists, to cover your items even if they are in a storage unit off of your property. In general, this covers around 50-70% of the dwelling coverage so you are utmost protected, but you must remember to frequently take inventory of the items you want to be covered so that whatever your coverage entails is as accurate as possible. 

The extent of coverage for the more expensive belongings you own like family heirlooms, furs, jewelry, silverware, coins, art, and other collectibles, may be limited when damaged or stolen. It will be necessary to purchase a special endorsement or additional floater in order to fully insure these items. One of the main steps in this part of the process is listing each item at its professionally appraised value. Some of these additional endorsements may include certain watercrafts, but if they are too large or worth too much you may also have to purchase yacht insurance. Larch plants, bushes, and trees around the landscape of your property are normally covered on standard policies when damaged by natural disaster, but not just for poor maintenance or disease.

Liability

No one plans for accidents to happen, that is why they are called accidents, but to be prepared in the event that one does occur on your property or within your home, the liability portion of your Wesley Chapel homeowners insurance will help you. It will cover physical injuries and property damage if you, a family member, or pet may accidentally inflict on another person. This liability coverage will pay for a number of different costs associated with damages when you are claimed negligent for an accident including:

• Court costs and legal defense
• Medical bills for injured individuals
• Pain and suffering endured by an injured person
• Lost wage
• Death benefits

$100,000 is the general liability limit for most policies, and it’s always good to play it safe and have more. You can obtain more than this limit through the purchase of an umbrella policy or an excess liability policy to protect your more considerable assets through broader coverage.

When away from home, some damages that may be incurred by you or a family member could be covered with some policies. Some examples of these instances could be per say your child breaks something on a friend’s yacht or in the hotel lobby at which you may be staying.

Additional Living Expenses/Loss of Use

If there is an incident that occurs deeming your home unlivable as a result of an event covered by the dwelling portion of your policy, this part of the coverage will kick in and help pay for additional living expenses. If you have no choice but to stay in a hotel or apartment and have to pay for takeout meals making your expenses more than you would typically pay at home, this will help support you for a period of time. When you experience loss of use it is typically calculated as 20-30% of your original dwelling coverage. We cannot emphasize enough that you keep in mind the time limit you will be able to utilize this support that your specific policy indicates. Please be sure to have sufficient coverage that suits your lifestyle. No one expects tragedies like this to happen to them, but it can happen to anybody so it is always best to be prepared. 

Other Types of Coverage

In addition to your Wesley Chapel homeowners insurance policy, Florida deems (NFIP) National Florida Insurance Program policies as a necessary addition when you own a home. Knowing how unexpected the weather can be in this state, you will always want to be covered in case of a flood, so purchase policies for the dwelling and your belongings. 

Homes also always have the possibility to be damaged by drain/sewer/sump pump backups. Damage caused by surface water is usually separate from these types of coverage. One should also consider green home coverage which includes additional protection for systems once they are already damaged and other green materials. One last thing we would like to mention is that some Wesley Chapel homeowners insurance policies are beginning to include identity fraud recovery expenses in the cost of their policy, but it is always important to check the details with your specific provider.