Florida homeowners have been urged to consult their insurance agents to ensure they have coverage to rebuild if their home is destroyed. Changes were urged due to additions made to homes, higher prices for building materials and new more strict construction codes. Homeowners were advised to make sure the top limits of their insurance policies match their home’s appraised value.
Condominium owners are especially vulnerable according to Michael Keeby, senior vice president with HBA Insurance and president of the Independent Insurance Agents of Dade County. He told the Miami Herald that condo owners buy insurance to cover furnishings and clothing, but often forget interior structures like kitchens, baths and floor coverings. Some ignore hurricane insurance because their condo association buys it for the building. That won’t cover their units.
“It’s a big mistake,” Keeby said.
Making sure a homeowner has sufficient insurance coverage should be a periodic exercise, Dulce Suarez-Resnick, an agent with Combined Underwriters of Miami and president of the Latin American Association of Insurance Agents, told the Herald.
Topics Homeowners
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