Homeowners insurance is a must for safeguarding your home from unforeseen catastrophes, but deciphering what your policy covers can be confusing. If you reside in St. Petersburg, FL, it’s crucial to understand what’s covered—and what isn’t—so you’re ready in the event of damage.
Here’s a summary of what homeowners insurance generally covers and how to make sure you have the proper protection.
Standard Homeowners Insurance Coverage
A standard HO-3 policy (the most popular homeowners policy) insures in several important areas:
Dwelling Coverage (Your Home’s Structure)
Protects damage to your home’s walls, roof, foundation, and built-in appliances due to fire, storms, hail, wind, and vandalism.
Not included: Normal wear and tear, neglect, or lack of maintenance.
Personal Property Coverage (Your Belongings)
Insures furniture, electronics, clothes, and treasures against theft, fire, and some forms of water damage.
Not included: Valuable jewelry, artwork, or collectibles unless you purchase additional coverage.
Liability Protection
Pays for attorney fees if someone is hurt on your property and sues you.
Not included: Injuries resulting from your negligence (e.g., not repairing a known hazard).
Additional Living Expenses (ALE)
Pays for temporary housing, meals, and other expenses if your home is rendered uninhabitable by covered damages.
What About Flood and Hurricane Damage?
Because St. Petersburg is vulnerable to hurricanes and flooding, you should be aware of the following:
Damage from flooding IS NOT included under typical homeowners insurance. You will need a specific flood insurance policy from FEMA’s National Flood Insurance Program (NFIP) or a private insurer.
Damage from hurricanes can be covered, but most policies come with a hurricane deductible, so you will be required to pay a percentage of your home’s value before your coverage begins.
Common Exclusions in Homeowners Insurance
Your policy will not cover:
- Mold damage occurs except when caused by an insured event.
- Sinkholes, unless you purchase additional coverage.
- Pest damage (termites, rodents, etc.).
- Earthquakes (separate insurance is needed).
Maximizing Your Coverage
Check your policy for updates to be sure you are sufficiently covered. Inventory your possessions and photograph them, and receipt. Look into adding flood or hurricane insurance if you reside in a high-risk zone.
This post was written by Kelly-Ann Jenkins of Jenkins Law P.L. Kelly-Anne is a Homeowners Insurance Attorney St Petersburg FL. She focuses on insurance claims and property damage. The information on this site is not intended to and does not offer legal advice, legal recommendations, or legal representation on any matter. Hiring an attorney is an important decision, which should not be based on advertising. You need to consult an attorney for legal advice regarding your situation.
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