Florida Homeowners Insurance

Whether you own a house, condominium or townhouse, for most people
their home is their most important investment. Optimal Insurance Group of
Boca Raton, 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 a Florida 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 888-487-1445 to discuss the features in more
detail.

Click here to fill out a

Florida Homeowners Insurance

policy quote request form

We are an independent Boca Raton, Florida insurance agency offering affordable homeowners
insurance policy premiums in the following towns, cities and counties in south Florida:
Boynton Beach, Gulf Stream, Delray 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,
Coral Springs, Fort Lauderdale, Parkland, Coconut Creek, Margate, North Lauderdale,
Lighthouse Point, Hillsboro Beach, Deerfield Beach, 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, Boca Pointe, 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, Martin County, Miami-Dade County, and Palm Beach
County, FL. We can also offer Florida homeowners insurance coverage services throughout the
Sunshine state, including in Winter Haven, Lakeland, Miami, Orlando, Tampa, St. Petersburg,
Tallahassee, and Jacksonville, FL.

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 cheaper Florida
Homeowners Insurance policy premium quote that will provide excellent insurance
coverage at an affordable cost. Or you can speak with our Florida Homeowners
Insurance agent specialist toll free at 888-487-1445 to discuss the features.

Click here to fill out a

Florida Homeowners Insurance

policy quote request form

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

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