Having a home in St. Petersburg, Florida, means beautiful weather, coastal views, and a great lifestyle; however, it also comes with risks associated with hurricanes, flooding, and property damage. Thus, it is very important to get the appropriate homeowners’ insurance to protect this investment. Know what is covered, what is not, and what local factors are affecting your policy so that you can make an informed choice that will keep you from very expensive surprises.
What Is Homeowners Insurance?
A homeowner’s insurance policy protects a homeowner financially against being damaged or destroyed by the perils listed in the policy. It may also provide liability coverage for injuries sustained by visitors on the homeowner’s property or damages to those visiting the property.
A standard homeowners insurance policy typically includes:
- Dwelling Coverage – Repairing or rebuilding your home after a covered event, such as fire, wind, or theft.
- Other Structures Coverage – Structures not attached to your home, such as fences, sheds, or detached garages.
- Personal Property Coverage – Repairing or replacing belongings such as furniture, electronics, and clothing.
- Liability Protection – Legal and medical expenses if someone injures themselves on your property.
- Loss of Use – Living expenses when you are unable to reside in your home after covered damages.
Special Insurance Considerations in St. Petersburg
Situated along the coastline, St. Petersburg heightens some risks that may affect your coverage:
1. Hurricane and Windstorm Risk
Hurricane winds are rarely strangers in Florida, and windstorm damage will often be accompanied by a separate deductible on your policy. In high-risk areas, some policies may eliminate wind damage unless you secure an explicitly stated rider.
2. Flooding
Flood damage is not covered under standard homeowners insurance provisions. Due to the city’s low elevations and its frequent rain, flood insurance through admitted carriers would be strongly advisable.
3. Aging Homes and Building Codes
Because a majority of homes in St. Pete are older, they may not be upgraded to the current building code. When they must be rebuilt to code due to damage, this will run the homeowner a hefty cost if Ordinance or Law Coverage is not available and its payment provides the necessary upgrades.
What’s Not Typically Covered
Knowing what’s excluded can be as valuable as knowing which items are covered. Most policies do not cover:
- Flood damage (separate flood insurance required)
- Earthquakes
- Sinkholes (optional coverage can be added in FL)
- Normal wear and tear or neglect
- Termite infestations
- Willful damage
This post was written by Kelly-Ann Jenkins of https://www.jenkinslawpl.com/. Kelly-Ann is an insurance claim Lawyer. The information on this site is not intended to and does not offer legal advice, legal recommendations, or legal representation on any matter. Hiring an attorney is an important decision that should not be based on advertising. You need to consult an attorney for legal advice regarding your situation.
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