What Your South Florida Property Insurance Doesn’t Cover

Living where other people like to vacation sometimes comes at a cost. Hurricanes, violent thunderstorms and other natural disasters are part of living in the beautiful sub-tropical climate of South Florida. As a homeowner or business owner in the market, it’s important that your property is properly insured. And while it’s important to understand what your insurance policy covers, it’s equally as significant to understand what it doesn’t because many policies exclude certain types of loss.

Exclusion or Limitation of Coverage

Understanding your policy is not always as clear and concise as you would like, especially when it comes to clauses associated with an exclusion or limitation of coverage.

Exclusion is a statement that describes a type of loss not covered under your policy. For example, you probably have coverage for fire damage but that may exclude damages from a fire you intentionally set. It might also specifically exclude losses from improper maintenance or a pre-existing condition.

Limitations in your policy cover damages, but only up to a certain amount. For example, your policy may cover damages from an unforeseen fire, but only to a limit. And in most cases, you have to factor in the deductible payment as well.


Wear & Tear

Insurance is designed to protect you from sudden and unforeseen losses, like the aforementioned fire or a hurricane roaring through South Florida. Normal wear and tear on your home is not covered under your insurance policy. If you have lived in the same home for 20 years, you are responsible for the general upkeep of that property because insurance policy will not cover losses arising from your own neglect.


Pre-Existing Conditions

Most homeowner insurance policies exclude coverage for pre-existing damages to your property. For example, if you bought insurance after a storm damaged your roof, an insurance company will not compensate you for that loss. This is why it’s especially important to have a good home inspection done prior to the purchase of any new property. You certainly want to know what you’re walking into.


If you have sustained damage and losses in your home or business, or are currently involved in a claim that is being denied, underpaid or delayed, contact our Miami property insurance claim attorneys at the Acle Law Firm today at 305-447-4667 for a free consultation.