Sometimes when people payoff their home, they will naturally consider making changes to their home insurance policy in an effort to save some money. You see mortgage companies require certain things to be covered on a home insurance policy in Florida. One of the things they require coverage for are...
Most standard home insurance policies in Florida are written on an HO3 form. This is commonly referred to as a special coverage form or an open perils form. These policies commonly have verbiage that states that the insurance company will “insure for sudden and accidental direct loss to property”. However,...