Homeowners Insurance in Tampa
With the Bayshore Boulevard waterfront, the many restaurants, boutiques, and booming businesses, Tampa is a great place to settle. It is no wonder that in 2018, Tampa was rated the best market for home-buyers in the United States.
However, some of the attractions, such as the waterfront, can also be hazardous for Tampa homes. It would be best if you considered insuring your home against all risks. If you are a resident of Tampa, Florida, and you have a mortgage, homeowners insurance is a must-have.
During the hurricane season, finding an insurance provider can be a tricky thing. This is because most insurers suspend sales for homeowners plans whenever there is a potential storm threatening. It is, therefore, wise to consider purchasing a homeowners insurance for your Tampa home early enough.
Best Homeowners Insurance in Tampa
Before settling on the right home insurance policy for your Tampa home, it is important to consider the specifics of what it covers.
The following are the most important aspects that a good homeowners insurance policy should cover:
- Protection for both the house and your other belongings
- Coverage for structures around the home such as sheds, fences, garages, etc
In case the covered event damages your home in such a way that you can no longer use it, your homeowners insurance should cover additional living expenses.
The homeowners insurance cover should also include personal liability coverage in case a person sustains injuries on your property. Medical expenses for the injured visitor should also be covered.
Homeowners insurance providers in Tampa are required by the law to offer wind mitigation insurance discounts. Homeowners in Tampa need to consider coverage that addresses sinkholes and floods.
Tampa Flood Insurance
Tampa is highly vulnerable to storms and floods with close proximity to water bodies and inadequate drainage systems. Tides and heavy rainfall can cause floods in Tampa. With the sea levels rising as the years go by, it is extremely important for residents to cover their homes against hurricanes and flood damage.
Due to its vulnerability to flooding, Tampa is also prone to sinkholes. The limestone embedded on most parts of the ground in Florida retains water during the rainy seasons. This causes the bedrock to wear down to form a pocket which is then filled with water.
While sinkholes are very expensive, they are also quite common in Florida, occurring at a rate of around 15per day in the County alone.
Wind Mitigation and Other Discounts for Homeowners in Tampa
Homeowner’s insurance policy for your Tampa home includes the standard home insurance deductible and a hurricane deductible. The policy covers wind damage that may occur during a hurricane.