Florida Homeowners Insurance For Newly Built Homes

Florida has been a popular place to have a new home built for many years. Now, with the low inventory of homes in select areas of Central Florida, both professionals and those who want an active adult lifestyle are opting to have a home built to their specifications. 

In our blog titled Florida Homeowners Insurance For Homes Under Construction we shared, “You still want to protect your investment even though you do not actually take possession of the home until the closing. The builder carries limited protection and that is why in some cases, additional Florida homeowners insurance is needed to protect you and the property.”

When a new home is nearing the final stages in the construction process, it is time for the homeowner to reevaluate their Florida Homeowners Insurance coverage. If they had purchased a limited policy during construction, they will now need a full Florida homeowners insurance policy after the home construction process is complete and the home is secure. Homeowners need to have the proper Florida Homeowners Insurance policy in place to protect their contents and dwelling before they plan to occupy the home.

Florida Homeowners Insurance during construction of new home

Whether a homeowner is going to be occupying the new home is another factor that will have an impact on the Florida homeowners insurance policy. If the home is a rental property, they will need a landlord insurance policy in place before a tenant can move into the home. In that case, they are not insuring the contents, but they may find that the insurance rates are not necessarily lower than a standard homeowners insurance policy. Non-owner occupied properties may even require greater liability coverage. If you will be using your newly built home as a rental property, please feel free to discuss this with your Erb and Young Insurance Agent to make sure you have the right coverage and that you are not paying more than necessary.

The stress of selecting your property, picking out the floor plan, and finding a contractor, does not need to be compounded by worrying if you have the proper insurance during the construction process or after your home is finished being built. Your Erb and Young Insurance Agent in here to help protect you and your assets.

It is best to contact your Erb and Young Insurance Agent to make sure that you have the right coverage for your circumstances. Erb and Young Insurance offers Free Homeowners Insurance reviews and specializes in creating customized Florida homeowners insurance policies. By going over the big picture and analysing the fine print, we will make sure that you have the right coverage to keep you and your assets protected by an insurance policy that is the right fit for you.

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