Florida Homeowners Insurance

Whether you own a house, condominium or
townhouse, for most people their home is their most
important investment. M & L Insurance Agency of
Coral Springs, FL offers Florida homeowners
insurance policies that have flexibility to meet your
individual needs and above all, provide you with the
security that comes only from the knowledge that
your home is safe.

Insurance for your home is one of the most popular
and important forms of personal insurance and the
typical Florida Homeowners Insurance policy has two
main sections:

Section I - insurance coverage for your property

Section II - personal liability coverage (to cover you
in case of lawsuits arising from things that happen
on your property)

Homeowners insurance is often required by lenders to
obtain a mortgage and nearly everyone, whether you
own or lease property, should have the protection of
homeowners insurance.

Florida Homeowners Insurance FAQ

Click on the link below to fill out a secure quote request form for a
Florida Homeowners Insurance policy that will provide excellent
insurance coverage at an affordable cost. Or you can speak with our
Florida Homeowners Insurance specialist toll free at 877-304-2323 to
discuss the policy features in more detail.

Click here to fill out a

Florida Homeowners Insurance

policy quote request form

Personal Liability in Florida Homeowners Insurance

Personal liability in a Florida homeowners insurance policy is also an important part
of having security from accidents that may occur on your property. We suggest
you choose coverage limits that are not less than those on other liability insurance
you own, such as car insurance.

Florida Homeowners Insurance Policy FAQ

Click on the link below to fill out a secure quote request form for a Florida
Homeowners Insurance policy that will provide excellent insurance coverage at
an affordable cost. Or you can speak with our Florida Homeowners Insurance
agent specialist toll free at 877-304-2323 to discuss the policy features.

Click here to fill out a

Florida Homeowners Insurance

policy quote request form

We are a Florida based insurance agency offering affordable Florida homeowners insurance
policy premiums in the following cities and counties: Coral Springs, Fort Lauderdale,
Parkland, Coconut Creek, Margate, North Lauderdale, Lighthouse Point, Hillsboro Beach,
Deerfield Beach, Boca Raton, The Hamptons, Highland Beach, Weston, Plantation,
Playland Isles, Melrose Park, Lauderhill, Sunrise, Tamarac, Wilton Manors, Oakland Park,
Lauderdale Lakes, Sea Ranch Lakes, Villages of Oriole, Pompano Beach, Lauderdale-by-
the-Sea, Boca West, Delray Beach, Boca Pointe, Boynton Beach, Lantana, Rainbow
Lakes, Atlantis, Lake Worth, South Palm Beach, Palm Springs, Greenacres, Wellington,
Haverhill, Palm Beach, Golden Lakes, Riviera Beach, Glen Ridge, West Palm Beach, Lake
Park, Royal Palm Beach, Jupiter, Juno Beach, North Palm Beach, Loxahatchee, Belle
Glade, Palm Beach Shores, South Miami, Cutler Ridge, Princeton, Perrine, Naranja,
Homestead, Florida City, Leisure City, Richmond Heights, Pinecrest, Howard, Coral Way
Village, Westchester, Westwood Lakes, Brownsville, Sweetwater, Key Biscayne, North
Bay Village, Miami Beach, Miami Springs, Virginia Gardens, Hialeah, El Portal, Miami
Shores, Medley, Indian Creek, Surfside, Bal Harbour, North Miami, Biscayne Park,
Pinewood Park, Opa Locka, Bunche Park, Hialeah Gardens, Palm Springs North, Carol
City, Norland, Ojus, Miami Lakes, Biscayne Gardens, Hallandale, Sunny Isles Beach,
Golden Beach, Aventura, Uleta, Miramar, Pembroke Pines, North Miami Beach, Hallandale
Beach, Ives Estates, Pembroke Park, Coral Gables, Kendall, Dania Beach, Cooper City,
Davie, West Miami, Hollywood, Broward County, Palm Beach County, and Miami-Dade
County, FL. We can also offer our Florida homeowners insurance coverage services
throughout the sunshine state, including Miami, Orlando, Tampa, St. Petersburg,
Tallahassee, and Jacksonville.

Replacement Cost or Actual Cash Value Option in a
Florida Homeowners Insurance Policy

Covered losses under a Florida homeowners insurance policy can be paid on either
a replacement cost basis or on an actual cash value basis. When "actual cash
value" is used, the policy owner is entitled to the depreciated value of the damaged
property. Therefore, the older the item is, the less money you may receive for it. If
you choose the "replacement cost" coverage, the Florida homeowners insurance
policy will reinburse the amount it costs to replace the property with something of a
similar type and quality at current prices.

All Risks or Named Perils in Florida Homeowners Insurance

An "All Risks" policy provides the broadest Florida homeowners insurance protection
because it will cover losses that are due to any peril except those specifically
excluded in the policy. A "Named Perils" policy covers losses that are due to only
those perils listed in the standard Florida Homeowners Insurance policy and typically
include fire, hail, windstorm, and other physical losses.

Florida Homeowners Insurance Policy FAQ

Click here to fill out a

Florida Homeowners Insurance

policy quote request form

Coinsurance Penalty in Florida Homeowners Insurance

If your policy limit is less than 80% of the replacement cost of your home, you will
face a "coinsurance penalty," which means you'll have out-of-pocket expenses to
cover costs beyond the policy deductible you chose. For example purposes we will
assume your home's estimated replacement value (RCV) is $100,000. The co-
insurance clause requires you carry at least $80,000 (80% of your RCV). If you
chose to purchase only a $40,000 Florida Homeowners Insurance policy you would
be underinsured by half. Therefore, in the example the insurance company would
pay one-half of a loss less the policy deductible, so if you suffered a $10,000
covered loss to your house, condominium or townhouse and had a $500
deductible, your policy would only pay $4,500.

Florida Homeowners Insurance Policy FAQ

**The information, pictures, and other content in this website about particular insurance
services is only provided for informational purposes. Any decisions regarding your
insurance needs should be discussed with a licensed insurance agent.

Personal Liability

All Risks or Named Perils

Coinsurance Penalty

Replacement Cost or Actual Cash Value

Florida Homeowners Insurance Policy FAQ

Replacement Cost or Actual Cash Value

All Risks or Named Perils

Coinsurance Penalty

Personal Liability