The Importance of Florida Homeowners Insurance for Military Members

For most people, buying their Florida home was part of the American dream. However, that sentiment can get turned upside down if you don’t have the necessary insurance to cover your investment. Homes are large sturdy structures, but all it takes is one bad wire or one freak storm and they can be reduced to rubble, leaving you devastated and without a place to sleep.

Even if you are a veteran you will need to purchase Florida homeowners insurance too. Luckily companies will be able to provide policy benefits and discounts to qualifying military families. Here are the criteria that can affect eligibility for benefits

  • How long were you in the service?
  • Are you on active duty?
  • Are you currently deployed?

According to, most companies that provide policies to military members such as:

  • Active personnel
  • National Guard Members
  • Honorably discharged or retired members

Please refer to the information above before shopping for a policy. Its always important to understand the criteria companies are looking for. Keep reading below to understand why you need homeowners coverage.

The Goal of Homeowners Insurance in Florida

It might sound silly, but it’s important to establish the main reason to have homeowners insurance in Florida. Otherwise, you might make the same mistake many other people do and simply sign up for insurance simply to meet a requirement for your mortgage. Without giving it some thought, however, you run the risk of not having enough coverage when things go wrong.

The whole point of coverage is to restore your property and possessions back to their original condition prior to damage occurring. This should be your ultimate goal when perusing your options. By keeping this in mind, it should be harder to make a bad investment that could leave you without the coverage you need.

Dwelling Coverage

This is the most basic type of FL homeowners insurance and the version you must absolutely have in case something goes wrong. Your dwelling is nothing more than the physical structure of your home and structures likewise attached. So an attached garage or greenhouse would count as your dwelling as well. But that’s it. Imagine what your home looked like prior to moving in and there’s your dwelling. The coverage will not ensure any items you move inside it.

Dwelling coverage will cover the amount to rebuild the structure should something happen to it or if damage was simply done to part of it. This coverage restores the home to what it first was. However, the current real estate market has no effect on what that amount would be. So it’s not as though your dwelling coverage goes down because of a poor economy.

Other Structures

As you’ve probably already considered, not all of your property or even your actual “dwellings” are attached to your home. You may have a guest house, for example. Many people have garages that aren’t attached, sheds, etc. These structures should all be insured too as they’re just as likely to get damaged if catastrophe occurs.

Personal Property

Recall that your dwelling coverage only insures the physical structure, not the items inside. Obviously, that’s no good if a hurricane hits your Florida home. Getting the house rebuilt would be great, but you’ll be at quite the loss without the money to fill it back up with furniture, amenities, etc.

That’s where personal property insurance is necessary. However, each insurance company defines this type of coverage a bit differently. You’ll want to check with their terms to be sure you know which items are covered, which are excluded and which are only partially covered.

Additional Living Expense

This type of coverage is also referred to as Loss of Use. Basically, this coverage insures you for the costs you may incur simply to live without your home. If your house burned down, for example, you’d probably need to live out of a hotel for a while, eat out, etc. and this would all cost a lot of money. So you’d want homeowners insurance in FL from that helped you recouped these expenses.

Although it may seem simple at face value, home insurance in Florida actually has a number of facets. Make sure you cover all of them before signing up with a provider or you could find yourself with a terrible situation getting even worse.