Category : Blogs

Sub Category : Miscellaneous

How much is the cost of home insurance in Tampa? On average, policyholders pay about $177 a month. Your premiums differ depending on the overages and deductibles you chose. The insurer also puts into consideration the type of property and its intended use, and the location of your home. 

Single-family primary residence with a low deductible will be much cheaper than a multi-family investment property with a high deductible. To know exactly how much you will pay, it is best to get a quote.

Inquiring about discounts before applying for coverage will help a great deal Many homeowners insurance providers will offer cost-saving discounts for people that;
●	Are 55 years old and above
●	Are loyal to the insurance company for a lengthy period of time
●	Go for years without filing a claim
●	Have different policies under the same umbrella
●	Live in a gated community
●	Recently did renovations to their home or bought a new home
●	Have installed active fire alarms, security, and burglar alarm systems.

What’s Covered By Homeowners Insurance?
Many insurance policies for homeowners come with the following;
●	Property coverage- This includes loss of use, dwelling, and personal property coverage if your home is destroyed or damaged by lightning, hail, or fire. It also covers theft and certain types of water damage. 
●	Personal liability coverage- This will include payment of medical expenses if someone is injured on your property, monetary settlements, legal expenses, lost wages from the claimant, and medical bills.

What’s Not Covered By Homeowners Insurance? 
Unfortunately, home insurance policies typically won’t cover:
●	Flood and earthquakes are commonly not covered by most insurers, but they will be offered as supplementary coverages for additional fees
●	Select high-value items and aggressive dog breeds
●	Losses from acts of war, events that cause mass destruction, settling, underground water, nuclear hazards, mudslides, and deterioration
●	Damages caused by negligence, wear and tear, sewer backups, and molds

Get Quality Home Insurance in Tampa Today 
Getting quality home insurance in Tampa does not have to cost you an arm and a leg. Consider an affordable policy from Moran Insurance providers. Take some time and call us to enquire about our policies and the discounts that are on the table for you.