Our new build will be finished in Cape Coral in a few months and I'm shopping for insurance quotes. Can you help and clarify what type of insurance I should have? Is it both liability and property coverage? Is it the same as umbrella insurance? thank you!
Our new build will be finished in Cape Coral in a few months and I'm shopping for insurance quotes. Can you help and clarify what type of insurance I should have? Is it both liability and property coverage? Is it the same as umbrella insurance? thank you!
Talk to an experienced broker. Kris [at] andersonagency [dot] group ((812) 887-0443) is great and who we use for all of our policies.
Our new build will be finished in Cape Coral in a few months and I'm shopping for insurance quotes. Can you help and clarify what type of insurance I should have? Is it both liability and property coverage? Is it the same as umbrella insurance? thank you!
Talk to an experienced broker. Kris [at] andersonagency [dot] group ((812) 887-0443) is great and who we use for all of our policies.
Insurance Agent · Norwalk, CT · Member since 2016 · 2k+ posts · 1k+ votes
2y
Yana,
I'm guessing that this is a 1-4 family. For that type of property the usual coverage is a Dwelling Fire Policy. Sometimes, a commercial policy (businessowners or package) is used but generally that is more expensive. Based on the Insurance Market in FL now, you may want to check on both options.
Those policies are designed to provide Property and Liability coverage together. The umbrella policy is a different type of policy. It was designed to provide additional Liability coverage if the underlying policy's limits are exhausted in a claim.
Our new build will be finished in Cape Coral in a few months and I'm shopping for insurance quotes. Can you help and clarify what type of insurance I should have? Is it both liability and property coverage? Is it the same as umbrella insurance? thank you!
You should have a layer of insurance. HOI and a general liability policy. Also, require the tenants to have renters insurance.