Home Insurance in West Palm Beach, FL
Every day, homeowners deal with many financial risks associated with owning a house. At Global Insurance and Tax Services in Florida’s lively West Palm Beach, we are here to relieve some of that pressure by offering our tailored insurance policies. With us, you can rest easier knowing that your home is insured from unexpected financial burdens.
Understanding Home Insurance
Home insurance is a contractual policy that may typically cover the following:
- Personal liability coverage may help pay for third-party injuries or property damage caused by you or other listed parties on your policy. It may also help cover guest injuries that occur on your property.
- Personal property coverage may help cover the cost of repairing or replacing belongings like furniture and electronics from damage or theft.
- Additional living expenses coverage may help cover temporary living costs if your home is uninhabitable due to a covered peril.
- Dwelling coverage may help pay for repairs or rebuilding of your home’s structure following a covered loss.
The 80% Rule of Home Insurance
There are several concepts that homeowners must be aware of, such as the 80% rule. This states that the policy encourages homeowners to carry coverage that is at least 80% of their home’s replacement cost.
You may not be fully reimbursed for damages if your coverage falls below this threshold. This rule helps ensure that you have sufficient financial protection to rebuild your home in the event of a total loss, making it a vital component of a robust home insurance policy.
Get Insured Today
Contact Global Insurance and Tax Services today to explore your options and get a personalized quote. Experience the peace of mind that comes with a financially safe and happy home.