Call For Your Free Quote: 305-443-6321

How Familiar Are You with Your Insurance Policy?

On June 1, hurricane season officially. As we’ve discussed in the past, now is when you should be taking a close look at your insurance policy. Do you understand all of the terms? Are you aware of what is and isn’t covered? An article on Florida Today presents some valid points about why it’s so important to know what your policy is all about.

For example, many homes have screened enclosures. In many cases, these enclosures are not covered by a basic policy and must be added as an endorsement. What’s worse, depending on the insurance company, coverage for the enclosure may not even be an option. According to the article, it can cost as much as $30,000 to replace the enclosure should a home sustain damage due to the hurricane.

And then there is the deductible, which is typically around two percent building coverage. This does not, however, mean that it covers two percent of home damage. To illustrate, if a home is valued at $300,000 then the deductible would likely be around $6,000. Some insurance companies may offer a fixed deductible like $500, $1,000, or $2,500. This will result in a premium hike, but it may not be as much as you may think.

Should a customer wish to pay a lower annual premium, their deductible may be higher compared to someone with a lower deductible but higher premium.

To read more, visit

This information is provided by Miami insurance lawyer Alonso & Perez, LLP. Our areas of practice include bankruptcy, insurance litigation, foreclosure defense, immigration law, and more. Call 305-676-7545 to speak with an insurance settlement attorney Miami and receive a free consultation. We look forward to working with you.

This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.