Basics of Homeowners Insurance

January 30, 2023

When unforeseen disasters occur, property damage can leave you in distress. HH Insurance offers the leading home insurance Tampa Bay FL policies to protect your home and belongings. If you’re purchasing Florida real estate for the first time, we know choosing a homeowners insurance policy is unfamiliar territory. To help clear up the confusion, let’s take a closer look at the basics of homeowners insurance and how it all works.

What is Homeowners Insurance?

Homeowners insurance protects you from financial losses when your property is damaged or accidents occur on your property. Tampa homeowners insurance typically covers these four areas:

  1. Structure of the home
  2. Personal belongings (furniture, electronics, clothing)
  3. Additional living expenses (if the owner must temporarily live somewhere else)
  4. Liability coverage (if accidents occur on the property and the homeowner is sued)

What Kind of Damage is Covered in a Standard Homeowners Insurance Policy?

Home insurance Tampa Bay FL will cover damage caused by certain natural disasters, such as fire, wind, hail, and lightning. Damages caused by theft or vandalism are also covered.

What is Not Covered in a Standard Homeowners Insurance Policy?

A standard homeowners insurance policy will not cover water damage caused by floods or broken pipes. You will need to open a separate flood insurance policy to protect your home from water damage. Coverage also excludes general wear and tear or poor maintenance of your home.

Important Things To Consider

It’s important to consider the amount of coverage you’ll need. This will depend on the value of your home, personal property, and the potential risks in the area.

You’ll also want to consider the deductibles. This is the amount of money you must pay out-of-pocket before the insurance coverage kicks in.

Your insurance agent should gather all information about you and your needs to find the best rates. If it’s your first time buying a homeowners insurance policy, don’t be afraid to ask questions and be clear on what your policy entails.

Trust Our Home Insurance Tampa Bay FL Agents

To protect your home and belongings, opening a home insurance Tampa Bay FL policy is a must. Our agents at HH Insurance are here to help prospective homebuyers through this process. We’ll walk you through all the basics of homeowners insurance, so you’ll be well-prepared and protected on move-in day. To learn more about our homeowners insurance in Tampa, please visit our website today!



**This blog provides a brief overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverage. These definitions do not alter or modify the terms of any insurance contract.