Florida Homeowners Insurance Information

Florida Homeowners Insurance Policy Information

Whether you own a house, condominium or townhouse, for most people
their home is their most important investment. Agrillo Insurance offers
Florida homeowners insurance policies that have flexibility to meet your
individual needs and above all, provide you with the security that comes
only from the knowledge that your home is safe.

Insurance for your home is one of the most popular and important forms
of personal insurance and the typical Florida Homeowners Insurance
policy has two main sections:

Section I - insurance coverage for your property

Section II - personal liability coverage (to cover you in case of lawsuits
arising from things that happen on your property)

Homeowners insurance is often required by lenders to obtain a
mortgage and nearly everyone, whether you own or lease property,
should have the protection of homeowners insurance.

Florida Homeowners Insurance Policy FAQ

Click on the link below to fill out a secure quote request form for a
Florida Homeowners Insurance policy that will provide excellent
insurance coverage at an affordable cost. Or you can speak with our
Florida Homeowners Insurance agent specialist at 772-287-1560 to
discuss the features.

Click here to fill out a

Florida Homeowners Insurance Policy

quote request form

Coinsurance Penalty in Florida Homeowners Insurance Policy

If your policy limit is less than 80% of the replacement cost of your home, you will face a
"coinsurance penalty," which means you'll have out-of-pocket expenses to cover costs
beyond the policy deductible you chose. For example purposes we will assume your
home's estimated replacement value (RCV) is $100,000. The co-insurance clause
requires you carry at least $80,000 (80% of your RCV). If you chose to purchase only a
$40,000 Florida Homeowners Insurance policy you would be underinsured by half.
Therefore, in the example the insurance company would pay one-half of a loss less the
policy deductible, so if you suffered a $10,000 covered loss to your house, condominium
or townhouse and had a $500 deductible, your policy would only pay $4,500.

Florida Homeowners Insurance Policy FAQ

Click here to fill out a

Florida Homeowners Insurance Policy

quote request form

Personal Liability in a Florida Homeowners Insurance Policy

Personal liability in a Florida homeowners insurance policy is also an important part
of having security from accidents that may occur on your property. We suggest you
choose coverage limits that are not less than those on other liability insurance you
own, such as car insurance.

Click on the link below to fill out a secure quote request form for a Florida
Homeowners Insurance policy that will provide excellent insurance coverage at an
affordable cost. Or you can speak with our Florida Homeowners Insurance agent
specialist at 772-287-1560 to discuss the features.

We are your local Martin County, FL insurance agency, offering affordable Florida homeowners
insurance policy premiums to individuals and families located in the following south Florida cities
and counties: Stuart, Port St. Lucie, Palm City, North River Shores, Port Salerno, Jensen
Beach, Hobe Sound, Jupiter Island, Port Sewall, Walton, Ankona, Fort Pierce, Juno Beach,
Palm Beach Gardens, St. Lucie, Vero Beach, Gifford, Indian River Shores, Indrion, Oslo, Eldred,
White City, Lakewood Park, Riomar, Wabasso, Sebastian, Indiantown, Tequesta, North Palm
Beach, Riviera Beach, Haverhill, West Palm Beach, Boynton Beach, Lantana, Hypoluxo, Palm
Beach, Lake Worth, South Palm Beach, Loxahatchee, Greenacres, Jupiter Island, Boca Raton,
St. Lucie County, Indian River County, and Palm Beach County, FL. We also offer homeowners
insurance services throughout the state of Florida, including the greater Fort Lauderdale, Miami,
FL area.

**The information, pictures, and other content in this website about particular insurance services
is only provided for informational purposes. Any decisions regarding your insurance needs
should be discussed with a licensed insurance agent.

Click here to fill out a

Florida Homeowners Insurance Policy

quote request form

Replacement Cost or Actual Cash Value Option
in Florida Homeowners Insurance Policy

Covered losses under a Florida homeowners insurance policy can
be paid on either a replacement cost basis or on an actual cash
value basis. When "actual cash value" is used, the policy owner is
entitled to the depreciated value of the damaged property.
Therefore, the older the item is, the less money you may receive
for it. If you choose the "replacement cost" coverage, the Florida
homeowners insurance policy will reinburse the amount it costs to
replace the property with something of a similar type and quality at
current prices.

Personal Liability

All Risks or Named Perils

Coinsurance Penalty

Replacement Cost or Actual Cash Value

Florida Homeowners Insurance Policy FAQ

Replacement Cost or Actual Cash Value

All Risks or Named Perils

Coinsurance Penalty

Personal Liability

All Risks or Named Perils in Florida Homeowners Insurance Policy

An "All Risks" policy provides the broadest Florida homeowners insurance protection because
it will cover losses that are due to any peril except those specifically excluded in the policy. A
"Named Perils" policy covers losses that are due to only those perils listed in the standard
Florida Homeowners Insurance policy and typically include fire, hail, windstorm, and other
physical losses.

Personal Liability

All Risks or Named Perils

Coinsurance Penalty

Replacement Cost or Actual Cash Value

Florida Homeowners Insurance Policy FAQ

Personal Liability

All Risks or Named Perils

Coinsurance Penalty

Replacement Cost or Actual Cash Value

Personal Liability

All Risks or Named Perils

Coinsurance Penalty