What Does Homeowners Insurance Cover? A Beginner's Guide for Florida Homebuyers

Buying a home is one of the most significant investments you'll ever make. Whether settling into your dream home in Bonita Springs, Florida or purchasing a vacation property, protecting that investment is essential; that’s where homeowners insurance comes in. But what exactly does homeowners insurance cover, and how does it work—especially in a state like Florida? Let’s break it down in this beginner-friendly guide.

Homeowners insurance is a policy that protects you financially in the event your home or belongings are damaged, destroyed, or stolen. It can also cover liability if someone is injured on your property. While it's not legally required, most mortgage lenders will require you to have it as part of your loan agreement.

There’s a widespread misconception that homeowners insurance in Florida is outrageously expensive or difficult to obtain. While it’s true that certain areas may have higher premiums due to proximity to the coast or storm risk, the situation is far from dire.

In Bonita Springs and other Gulf Coast communities, there are plenty of reputable insurers and affordable policy options. Working with a knowledgeable local real estate agent like Donna Marcotte can help you connect with trusted insurance professionals who understand the regional market and can help tailor a policy to your needs.

A standard homeowners insurance policy generally includes the following types of coverage:

This covers the structure of your home, including the walls, roof, and foundation. If your house is damaged by a covered peril (such as fire, wind, or vandalism), dwelling coverage helps pay for the repair or rebuilding costs.

Florida-Specific Note: Because Florida is prone to hurricanes, windstorm coverage is especially important. Some policies may require a separate hurricane deductible, so it’s important to read the fine print.

This protects structures that are not attached to your main home, such as a detached garage, shed, or fence.

This portion of your policy covers your belongings—furniture, electronics, clothing, and more—if they’re stolen or damaged by a covered event.

Pro Tip: You can add riders or endorsements for high-value items like jewelry, artwork, or collectibles to ensure they're fully protected.

If your home becomes uninhabitable due to damage from a covered event, this coverage helps pay for temporary housing, meals, and other expenses while your home is being repaired.

This protects you if someone is injured on your property or if you’re found legally responsible for damaging someone else’s property.

Example: If someone trips over a garden hose in your yard and breaks their arm, your liability coverage can help pay for medical bills and legal fees.

This covers small medical expenses if someone is injured on your property, regardless of who’s at fault. It’s meant for less serious injuries and helps avoid lawsuits.

It’s just as important to know what’s not covered. Common exclusions include:

• Flood damage – You’ll need a separate flood insurance policy through FEMA’s National Flood Insurance Program (NFIP) or a private insurer.
• Earthquakes – Not a major concern in Florida, but still typically excluded.
• Normal wear and tear – Maintenance issues and gradual deterioration are not covered.
• Pest damage – Infestations from termites or rodents are excluded.

Depending on your property and lifestyle, you may want to consider additional coverages:

• Flood Insurance – Especially important in low-lying or waterfront areas like Bonita Springs.
• Hurricane or Windstorm Insurance – Sometimes included, but double-check whether you need a separate policy or deductible.
• Sewer/Water Backup Coverage – Covers damage from backed-up drains or sump pump failures.
• Replacement Cost vs. Actual Cash Value – Replacement cost pays to replace items with new ones of similar kind, while actual cash value deducts for depreciation. Consider upgrading for fuller protection.

Costs can vary based on your home’s size, age, construction, location, and the amount of coverage you choose. According to recent data, the average premium for homeowners insurance in Florida is higher than the national average, but that doesn’t mean affordable options aren’t available.

In Bonita Springs, you can often find competitive rates, especially if your home is newer or built to hurricane-resistant standards. Installing storm shutters, impact-resistant windows, and securing your roof can even qualify you for discounts.

1. Work with Local Experts – Donna Marcotte and her network of trusted professionals can guide you through the process and recommend reliable insurance providers.
   
   
2. Get Multiple Quotes – Don’t settle for the first policy you find. Compare coverage and pricing from several insurers.
   
   
3. Understand Your Deductibles – Make sure you know how much you’d be expected to pay out of pocket in the event of a claim, especially for hurricane damage.
   
   
4. Bundle Policies – Many insurers offer discounts if you bundle your homeowners insurance with auto or umbrella coverage.
   
   
5. Ask About Discounts – From security systems to claim-free histories, there are many ways to save on premiums.

Living in Bonita Springs is a dream for many—between the beautiful beaches, vibrant arts scene, and top-notch recreational activities like golf and pickleball, there’s no shortage of things to love. Having the right homeowners insurance means you can enjoy that lifestyle with confidence, knowing your property and assets are protected.

Don’t let the myths about Florida insurance scare you off. With the right guidance and a little homework, you’ll find a policy that fits your needs and budget. And remember, when in doubt, lean on experienced real estate professionals like Donna Marcotte to point you in the right direction.

Homeowners insurance is more than just a box to check during home-buying—it’s a vital safety net that protects your investment and provides peace of mind. By understanding what’s covered (and what’s not), exploring optional protections, and choosing a reliable provider, you’ll be well on your way to enjoying your new Bonita Springs home worry-free.

Have more questions about moving to Florida or buying a home in Bonita Springs? Reach out to Donna Marcotte today and let her help you find your perfect place in paradise.