Security First Insurance Review
If you’re in Florida and looking for homeowners insurance, Security First Insurance Company may be a good option. This company only focuses on protecting your property and has significant experience in all types of property insurance.
When building your policy, there are multiple options you can choose to ensure full-service protection. These sections are known as Coverage A through F.
Home coverage (A). Home coverage A is a standard homeowners insurance policy that protects the structure itself. Coverage amounts can be between $20,000 and $1,000,000. Security First also offers replacement cost value (RCV). RCV pays for the total construction cost of repairing the home based on current market prices. It is not the property’s real estate value, which includes the land the house sits on and other structures.
Other structures (B). If you have other detached buildings on your property, such as a gazebo, this category protects it. Coverage amounts are between 2% and 70% of Category A.
Contents (C). This section reimburses you for anything inside the home, such as your personal belongings. Coverage limits are zero to 75% of Category A (home). This section also provides RCV for all of your items. Although, there are sub-limits for specific types of belongings e.g., electronics).
Uninhabitable and additional living expenses (D). If your home becomes uninhabitable (e.g., due to a hurricane or flooding), this option provides additional living expenses (ALE). This money helps cover hotel and food costs while you’re away. Coverage limits are 10% of coverage A. Security First provides you with a debit card rather than a check.
Personal liability (E). If someone other than your family gets injured on your property, you’re responsible for paying any lawsuits that may occur. Coverage E covers these liabilities with limits between $100,000 to $500,000.
Medical coverage (F). This coverage is if someone requires medical assistance due to personal injury on your property. Security First will provide up to $5,000 to cover these expenses.
Security First Insurance offers additional coverage options to ensure that you don’t get stuck with a massive repair bill or other expenses. With homeowners insurance, you can also add:
Dog liability: Just in case Fido decides to see how your neighbor tastes.
Personal injury liability: This insurance coverage is different from Category E, which only protects against lawsuits.
Water backup and sump pump overflow: You may think flood and water backup coverage is the same thing, but they’re not.
Increased replacement cost: Security First’s standard homeowner’s policy only goes up to $1,000,000. But you can add additional coverage for the structure and personal belongings.
Scheduled personal property: This option allows you to protect high-end items like gold and jewelry for their replacement cost value (RCV). Best of all, adding this coverage does not increase your insurance rates too much.
Golf cart damage and liability: You can protect your golf cart and cover any potential lawsuits if you hit someone else or their property by accident.
Carport coverage: For situations in which your carport incurs damages.
Increased special limits: This plan allows you to increase your coverage sub-limits for various personal belonging categories.