Living in Delray Beach real estate comes with many perks. From beautifully green and lush surroundings to some of the world’s most attractive beaches and attractions, Delray Beach and the state of Florida offers all of this and more! The United States only peninsula state also is known to have severe weather with hurricanes, tornados, lightning storms, thunderstorms, and hail as just another part of its sunny and warm climate. This is one reason why anyone buying homes for sale in Delray Beach real estate may want to opt into securing the right homeowners’ insurance.

Although Florida law does not require homeowners’ insurance, it is still one of those items most people want to ensure that their largest investment is well taken care of in the event of a disaster. Many mortgage lenders may require insurance coverage to guarantee your investment and theirs doesn’t lose money if damage or a loss is experienced.

Standards of Coverage

Most home insurance policies cover the basics, such as the structure itself, additional structures, and personal property. The amounts of coverage and what specifics will be paid for can vary on these types of property coverage.

There also may be some stipulations when it comes to providing varying amounts of coverage and allowable types of liability for Delray Beach real estate. You may want to invest in liability coverage to insure injuries to others while on your property or damage to their property for which you may be legally responsible is insured.

Since stipulations can vary and change from time to time it is important to verify what the exact policy requirements are when it comes to purchasing Delray Beach real estate.

Factors that May Affect Insurance on Your Delray Beach Real Estate 

Some lesser known facts that can affect the cost of home insurance are:

Type of Construction: On average, frame houses cost more to insure than brick.

New Construction: Newly constructed homes may qualify for discounts because their newer materials are likely to be sturdier. From glass windows that can withstand wind speeds and roof shingles that can hold up better than those produced in the past.

Fire Protection: The proximity of your Delray Beach real estate home to a fire hydrant as well as the distance from a local fire department and its quality.

Pets: Certain breeds of dogs are considered high liabilities. Dogs, such as Pit Bulls, Dobermans, and German Shepherds, among others, have been noted by some to have statistically higher levels of bite claims. Because of this, some insurance companies refuse to cover a homeowner if they own one.

Recreational Activities: Trampolines and swimming pools often require a higher rate of pay when it comes to insurance coverage for homeowners because anyone using them could result in liabilities.

Discounts Available: If a Delray Beach real estate property has smoke detectors, a fire-sprinkler system, a burglar alarm, window security devices or deadbolt locks, a homeowner might find they score discounts on their insurance policy. Talk to your insurance agent about these options.

Florida Realty News
Florida Realty News
Berkshire Hathaway HomeServices Florida Realty, a wholly-owned subsidiary of WCI Communities, has over 39 locations and more than 1,650 real estate sales professionals and team members serving 17 counties throughout Florida.
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