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Home Insurance

The Basics of Home Insurance

Home insurance is a type of property insurance that helps protect your home from damage or loss. It can help cover the costs of repairs or replacements if your home is damaged, as well as the costs of rebuilding your home if it’s destroyed. Home insurance can also help protect your belongings in the event of theft or damage.

If you’ve never purchased home insurance before, it might be complicated. Let’s simplify things so that you understand what it covers. The following are essential aspects of a home insurance policy:

  • Replacement cost: This is the cost to repair or rebuild your house after a covered claim.
  • Other structure coverage: This insurance covers other buildings on your property, including your garage, fence, shed, and more.
  • Personal property coverage: Part of your policy protects the items that make your house a home.
  • Loss of use coverage: When your house is under repair for a covered claim, this helps you pay for expenses while you have to temporarily reside elsewhere.
  • Personal liability coverage: In case you’re sued for damage to someone else’s property that you caused by accident, this helps cover your legal fees.

Because each house is unique, your policy may cover things beyond these basics. For assistance customizing your coverage to your needs, contact one of our representatives, and we will be more than happy to help.

Home & Property Insurance in Largo and Clearwater

If you live in the Clearwater, FL, or Largo, FL areas and are looking for home insurance coverage, contact us today. We’re an independent insurance agency that works with several of the most reputable home insurers in Florida. Our representatives will give you a free home insurance quote and help you choose the coverage that best fits your needs.

We have a track record of providing outstanding service to our customers, and we work hard to make sure our clients are 100% satisfied with their insurance policies. We understand the importance of having adequate coverage for your home, and at the same time, want you to have affordable rates.

Call today and let us bring an education to your table so you can make an informed decision about your home insurance.

Is Home Insurance in Florida expensive?

The cost of your home insurance policy is largely dependent on certain factors, including how much risk the insurer sees in insuring you. If there are significant risks that could lead to a claim, insurers will consider raising rates which can be costly for homeowners. Some factors that influence costs include but are not limited to: 

  • Locations of your home and crime rates in those areas
  • Extensive renovations or other changes to your home design over time
  • Property damage claims by previous owners
  • Whether the structure includes special features like pools, fireplaces, etc…
  • Changes in neighborhood construction cost over time due to inflation

Consideration when purchasing a Home Insurance

The largest factors you should consider before determining how much home insurance to buy are:

The age of your home

The age of your home is important because the older it is, the more likely it is to have problems. If you’ve just moved into a new house, this isn’t as much of an issue. However, if you are moving out of an older home, chances are there are some maintenance issues that need to be addressed before buying a policy. Some carriers will not insure homes over 20 years old or those with additions built without permits.

Special Features

Even if your home is over 20 years old, the features you have in it can make it more or less expensive to insure. If you have a swimming pool, for example, many carriers will charge an additional premium for this feature because of the potential liability involved. Other special features that might affect coverage include fireplaces and extra bedrooms.

Construction Type

Your insurer will also consider the type of building materials used to construct your home. Some insurers won’t cover homes with certain types of siding, for example. You can usually determine this information from the home inspection report provided by your real estate agent when you bought the house. Your carrier may also ask whether any non-standard additions were made to the property that could affect your premiums or the likelihood of damage due to weather or other issues.


The location of your home will affect your premiums. For example, areas that experience heavy rainfall or high wind speeds typically require additional coverage, as these weather conditions can be significant factors in home damage claims.

Cost of Rebuilding

This is the estimated cost for rebuilding your home if it were ever destroyed. It is also referred to as replacement value. If you know what your current home is worth today, don’t forget to take into account inflation when calculating the costs of rebuilding it in the future. 

As mentioned, considering replacing value is just one part of the overall process. If you’re unsure about what type of coverage you should buy, don’t hesitate to reach out to us!

Why should you get Home Insurance?

Home Insurance is designed to protect you from financial loss if your home was destroyed or damaged by certain events. Without the proper coverage, you could be left in a difficult financial situation. 

Some of these events might include:

  • Fire or lightning damage
  • Windstorm or hail storms
  • Explosion and rioting
  • Smoke damage from fires caused by vandalism and arson
  • Theft and malicious mischief (breaking windows, doors, etc.)
  • Falling objects such as trees, rocks, or parts of buildings are damaged due to natural disasters like hurricanes and tornadoes.

Having home insurance will ensure that your home is properly covered should there be a disaster. A lot of insurance companies do not cover floods, earthquakes, or other natural disasters that are out of your control. It is important to keep this in mind before purchasing the plan.

Expert Insurance Agents in Florida

At Affordable Insurance Agency we work exclusively with some of the top insurance carriers in Florida, so we know how to get you the best deal on home insurance. We can obtain affordable and comprehensive insurance and will compare prices and coverage to provide you with the best possible option. Our professionals can help determine the perfect policy for your home based on its location and features. With years of experience in the industry, we know what it takes to provide protection for your home while still fitting into your budget.

Get a Quote

Like the majority of residents in Largo and Clearwater, Florida, you likely understand the importance of having homeowners insurance. As a solution, we are ready to help you get the best insurance plan according to your needs. 

Protect your family, your house, and all that is important to you by investing in home insurance today. Call us at (727) 531-3587 for more information regarding your coverage!

Affordable Insurance Agency

Call: (727) 531-3587.

801 West Bay Dr. Suite 423
Largo, FL 33770
We are on the intersection of Clearwater/Largo Rd & West Bay Dr.

Toll free number: 1-833-743-4284.

Hours of Operation:
Monday – Friday, 8:00 a.m. – 9:00 p.m.