Tampa Homeowners Coverage Types

June 21, 2020

What must my homeowner’s insurance Tampa Florida include? Is a standard homeowner’s insurance sufficient? Should I add more coverage?  These are only a few of the numerous questions that many homeowners seek answers to. The right amount of coverage is a decision that can offer a lot of benefits.

A standard homeowner’s insurance Tampa FL covers replacing your home and some of your belongings. There is a limit up to which your belongings are covered, and it depends on your policy. Also, most of the disasters are covered under your standard homeowners insurance Tampa, except flood and earthquake, as well as normal aging of your home.

Types of Tampa Homeowners Insurance Coverage

Some of the typical homeowners insurance Tampa Florida include the following.

  • Coverage A: Dwelling

It offers coverage for the damage or destruction of the structure of your home as well as any other unattached structure such as patio cover, fences, and attached garage. The coverage is provided at replacement cost, meaning, the amount is not the same as the real estate value of your home. 

  • Coverage B: Other Structure

It offers coverage for the damage or destruction of unattached structures of your home such as a swimming pool, deck, garage, or gazebo, among others. 

  • Coverage C: Personal Property

It covers the content of your house and pays for replacement or repair of your personal belongings such as furniture, clothing, and appliances, among others. The coverage is provided if the content is stolen, damaged, or destroyed. It is vital to note that some service providers do not offer replacement coverage, and it must be bought separately.

  • Coverage D: Loss of Use

If your home is uninhabitable due to a covered loss, the policy coverage pays for additional living expenses while you and your family are forced to live elsewhere. The coverage includes costs for a necessity such as a place to stay, food, and clothing.

  • Coverage E: Liability

The policy covers you against financial loss if you are legally found to have caused property damage or injury to someone else. It protects you against unforeseen circumstances such as a friend falling over a loose step and injuring themselves. It covers certain defense cost even if the lawsuit against you is found to be fraudulent, false, or groundless.

  • Coverage F: Medical Payments

It covers for medical bills any non-residents injured on your property caused by your property or family member residing with you.

These are standard Tampa homeowners insurance policies that cover certain aspects of life. In addition to these, there are optional coverages that you can add to your standard insurance policy. Some of the additional coverages include the following:

  • Business property
  • Dog liability 
  • Equipment breakdown 
  • Electronic data recovery
  • Flood and water backup coverage 
  • Golf cart physical damage and liability 
  • Green improvement reimbursement
  • Identity theft restoration or protection
  • Increased replacement cost on dwelling 
  • Increased special limits coverage
  • Musical instruments
  • Personal injury 
  • Scheduled personal property 
  • Screened enclosure or carport coverage 
  • Sports equipment
  • Water backup and sump overflow 
  • Yard and garden

When you buy your homeowners insurance Tampa FL, don’t forget to talk to your insurance provider about the additional coverage that you may need.