You’ve come to right place for homeowner’s insurance. First, take a deep breath. It’s not as complicated as it seems, especially with TopLine behind you.
Let's start at the beginning.
Mortgage lenders will require homeowner’s insurance to even consider giving you a mortgage. Your homeowner’s insurance provides a safety net, protecting your home and saving you from large costs should a disaster damage or destroy your home.
How? You pay a premium (the price of your policy) and the insurance provider pays for certain damages in the event of a disaster.
Types of Homeowners Insurance
HO3 Home Insurance Policy
This is the most common type and considered a Traditional Policy.
Most people living in a single-family home will choose a traditional home insurance policy (HO3 Policy). It protects your home, your things and covers:
- Your dwelling
- Other structures like garage, sheds, fences
- Personal property
- Loss of use
- Your personal liability
- Visitors' medical expenses
Call TopLine at 561-599-5800 for the best pricing and coverage.
We'll examine those in more detail
- Your dwelling. Home insurance pays to repair or rebuild the physical structure of your home, like roof, windows, walls and foundation, if your home is damaged be a covered event like:
- Fire and smoke damage
- Hurricane*
- Theft
- Lightning
- Water damage
- Other structures. Home insurance covers structures on your property like sheds, fences, detached garage and more.
- Personal property. Protects your things, like furniture, electronics and clothing to name a few.
- Loss of use. If your home is so damaged it becomes uninhabitable, your policy can pay for hotel or apartment bills, food costs and general living expenses, while you wait for your home to be repaired.
- Personal liability. Will help pay for legal expenses if someone gets injured on your property and you are held legally responsible.
- Visitor medical expenses. Can pay for a guests’ immediate medical expenses (like ambulance charges) if they’re injured at your home.
What does traditional home insurance (an HO3 Policy) not cover?
- Flooding** To be covered for flood damage caused by storm surges, overflowing river, etc., you need a separate flood insurance policy.
- Wear and tear
- Earthquakes
- Negligence (lack of maintaining the property)
*In a hurricane prone area like Florida, your homeowner’s policy will have a separate deductible – a hurricane deductible, for wind damage caused by a hurricane. Remember, a hurricane deductible does not apply to losses from floods. You need a separate flood insurance policy for that.
**Homeowner’s policies typically don’t cover flood damage, that should be purchased separately. A flood is basically defined as a natural event or occurrence where a piece of land that is usually dry land is suddenly submerged in water. Your homeowner’s insurance policy does cover water damage from water leaks within the home - burst pipe, leaking washing machine, leaking roof etc.
DP3 Home Insurance Policy
If you’re renting out your home, you’ll want a DP3 Policy.
DP3 policies were created specifically to protect the home and property of its landlord. Frequently, renting your home increases the risk of property damage.
What does a DP3 Policy cover?
- The physical structure
You can also choose your DP3 Policy to cover:
- Other structures like garage, awnings, fences, etc.
- Personal property like furniture, appliances, electronics, etc.
- Your personal liability
A DP3 Policy is also appealing for those renting out a home because it can cover loss of rent. An example would be if a windstorm damages your roof and your tenants need to find some temporary housing, the lost income will be covered while the house is being repaired. This is particularly important if a large portion of your income is from the rental property.
Call TopLine at 561-599-5800 for the best pricing and coverage.
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What We Cover
HOME
We’ll help you find homeowners insurance that fits your situation – whatever your needs are. With TopLine, you’re getting an agent that helps you find coverage based on your described needs.
CONDO
Yeah, we do condo insurance and we do it really well. For a great condo insurance quote, we’re the one to turn to help you find the coverage you need.
RENTERS
If it’s renters insurance you need, we have options. Make sure your personal property is better protected with apartment insurance from TopLine.
MOBILE
Mobile home insurance is unique, and few understand the ins and outs like TopLine. Call us today and we will help you find the coverage you need.
FLOOD
Flood insurance is important, especially since they’re the most common form of natural disaster in the US. Count on us to help you get a flood insurance quote for the coverage you need and that will fit your budget.
AUTO
Car insurance has never been easier. Let us help you find the right coverage and an affordable rate with a quick car insurance quote from TopLine.
Home insurance made easy.
Let's talk: 561-599-5800
Let's talk:
561-599-5800
