Kyle Stepien

Flood insurance is typically not included in a standard homeowners’ insurance policy. Homeowners would need to purchase a separate flood insurance policy to ensure coverage for flood-related damage to their property. It’s important to note that there is often a 30-day waiting period for flood insurance coverage to take effect, so it’s best to purchase a policy well in advance of any potential flood events. However, it should be noted that some home insurance carriers do offer flood insurance as an optional coverage within their homeowners’ insurance policies.

A wind mitigation inspection assesses the preparedness of a home’s structure for strong winds and hurricanes, while a 4-point inspection evaluates the condition of a home’s four primary systems – roofing, electrical, plumbing, and HVAC. Many insurance companies in Florida require these inspections before issuing a policy or determining the premium.

Replacement cost coverage is typically more expensive but provides coverage for the full cost to repair or replace damaged property with new items of like kind and quality. Actual cash value coverage is less expensive but factors in depreciation, meaning you would receive a payout based on the value of the damaged property at the time of loss. The best choice for your homeowners’ insurance policy depends on your individual needs and budget.