Extra Contents Coverage
Remember that most of the coverages are a flat percentage of the amount of insurance on the home itself. For example: contents coverage is 50% of the insurance on the home itself. If you insure your home for $100,000, the contents coverage will be $50,000. For a minimal extra charge, you can increase the coverage on your contents without increasing the amount of insurance on the home itself.
Replacement Cost
Most companies offer “Guaranteed Replacement Cost Coverage” for an additional premium. Ask your agent if this is available and to explain the advantages of having this broader coverage. The most important coverage that is usually offered is full replacement cost coverage on your roof with no deduction for depreciation.
Additional Liability
You can also purchase additional liability coverage and medical payments coverage for a nominal premium.
Flood Insurance
The most important exclusion is flood, as many people have learned to their great misfortune. If you need flood coverage, any property/casualty insurance agent can help you get it. If you live in a flood-prone community, don’t risk going without flood insurance. See your broker about flood coverage.
Earthquake Insurance
No standard insurance policy, including the homeowners policy, covers catastrophic damage that can be caused by an earthquake. For an additional premium, companies offer an earthquake endorsement with your homeowners policy that will protect you in case your home suffers earthquake damage. In some areas, this coverage is typically inexpensive and should be considered. For instance, the New Madrid fault runs through the Midwest United States, an area not perceived as having earthquakes occurring frequently.
FAQs
Got Questions? We’ve Got Answers!
Please note these are general statements. Please speak to a representative or your agent for specific information about your circumstance.
General
Are there any additional coverages I should consider?
Can I get a discount for home security upgrades?
Many insurers offer a discount if you have a burglar alarm, deadbolts on doors or other security devices for windows. But a new wood-burning fireplace or wooden deck can have the opposite effect.
Do I have to buy home insurance?
If you have a loan on your house, your mortgage company will require you to have insurance. After your loan is paid off, you can decide whether to keep the insurance. Something to consider is the cost of building a new house and replacing everything you own without insurance.
Does homeowners insurance cover water damage?
Most homeowner and renters policies cover sudden and accidental water damage. Examples would include a burst pipe, toilet overflow, or broken washer hose. Policies usually won’t cover damage from gradual leaks.
Does my policy cover earthquakes, wildfires or other disasters? Do I need a flood insurance policy?
Floods and earthquakes are not covered by a typical homeowners policy. To cover your home for these risks you’ll need to purchase a specific named-risk policy. Contact your agent for additional information on coverage options.
How can I reduce my monthly premium?
Always discuss your policy coverages and discounts with your Agent. They may be able to make you aware of new or existing programs/discounts you may not have been aware of.
How much coverage do I need?
Typically, the better your coverage, the less you will have to pay out of your own pocket if disaster strikes. In some cases, your lender decides how much coverage you need and may require you to buy a policy that covers at least the amount of the mortgage. It is important to note that the amount of coverage you buy for your house, contents and personal property will affect the price you pay.
What affects the cost of homeowners insurance?
Like auto insurance, the cost of homeowners coverage depends largely on where you live. Crime rates vary from community to community and so does the access to your local fire department, police department, and water supply. These factors help determine the protection class. Along with the value of your house, the following factors determine the rates you pay for homeowner’s coverage.
• Type of Construction: Frame houses usually cost more to insure than brick.
• Age of House: New homes may qualify for discounts. Older homes may not qualify for preferred programs. Insurers may require older homes to have updated heating, plumbing, wiring and roofing.
• Local Fire Protection: Your home’s distance from a fire hydrant and the quality of your local fire department determine your fire protection class.
• Amount of Coverage: The amount of coverage you buy for your house, contents and personal liability will affect the price you pay.
• Deductible Amount: Your choice of a higher deductible will reduce the price for homeowners insurance.
• Discounts: Insurers offer lower prices for such things as insuring your home and car with the same company and installing deadbolt locks or alarm systems.
What is a declarations page?
Your policy declarations page (or dec page) is the first page in your policy packages. It contains a brief overview of your policy’s specific coverages, deductibles, exclusions, and more.
What is mortgage insurance?
Mortgage insurance protects your lender – not you – if you can no longer pay for your home loan. Most lenders will require it if you put less than 20% down for your house. Mortgage insurance doesn’t pay to repair or replace your house.
What’s not covered in my policy?
• Flood — water damage from leaky pipes, siding and roofs is likely covered, but ground-water damage from rain, run-off or snow-melt is not.
• Earthquakes — damage from earth-movement is more common than you think and may not be included in your policy.
• Mold — homeowners policies often exclude covering the cost of damage from mold.
• Infestations — damage caused by termites, rats or other infestations are not typically covered.
• Pets — your policy may exclude liability coverage for certain breeds of dogs or exotic pets.
• Jewelry, art, or heirlooms — a typical policy includes limited coverage for valuables. These limits could fail to fully cover an expensive piece of jewelry, antiques or artwork.
• Detached buildings or pool — a shed with lawn equipment is likely covered, however, an in-ground pool or a detached garage with classic cars may require an additional coverage.
Will I get a refund if I cancel my homeowners insurance policy early?
Yes. If either you or the company cancels your policy, the company must give you a refund for the remaining months. So if you paid a full year of premiums and you cancel after one month, you’ll get 11 months’ worth of premiums back.
Will insurance completely replace my house and property if they’re destroyed?
It depends. You and your insurance company will decide how much insurance you want to buy. The policy will pay up to that amount for whatever covered damage you have. You’ll also have to pay a deductible if you have a claim. It’s a good idea to review your coverage every year to make sure you have enough insurance to pay for your house and other things you own.
Will my home insurance cover any kind of damage?
Each claim is different, and will be adjusted on an individual basis. Your policy covers for Accidental Direct Physical Loss for types of losses, including fire (except arson and other caused fires), lightning, explosion, vandalism, and windstorm (if you don’t live on the coast). It also pays to replace your personal property (the things you own inside the house) if it’s stolen or damaged. It won’t pay things like: for flooding, earthquakes, termite damage, or wear and tear. You can buy separate flood and earthquake policies to address those types of losses. This is not an exhaustive list, but examples of some types of losses your policy will address.
Tips
Damaged Property
Do not to discard any damaged personal property, appliances, or building materials, until given the approval from your Claims Examiner.
Home Inventory List
If you do not have a summary of personal belongings prepared at the time of a loss, you can use a contents estimator or manually prepare a list of stolen or damaged property. Whenever possible, include the manufacturer, model name or number, and the place and date of purchase. If you have receipts, manuals, or photographs of the lost or damaged items, provide them to your Claims Examiner or Field Adjuster.
Deductible
Your deductible is the out-of-pocket amount you pay before your insurance benefits apply. Please be aware that it is illegal for a contractor to waive your deductible.
Lost Credit Card
If you have lost a credit card, report it to the credit card company immediately.
Receipts
Keep all receipts for repairs and expenses.
Repairs
Protect your property against further damage. Make only temporary repairs and keep all receipts. Avoid making permanent repairs until the Field Adjuster has had a chance to inspect the damage.
Scheduling an Appointment
Schedule your appointment when you or another adult can meet with the Field Adjuster or Contractor in case we need access to the interior of your home.
Theft
If you have experienced a theft, be sure to report stolen items to the police immediately.
Uninhabitable Conditions
If you must move out of your home, keep all receipts for any temporary lodging and any other expenses you incur.
Water Damage
If your home has water damage, it needs immediate attention. Call us first, so we can connect you with our First Choice Repair Network® to assist with water extraction or repair services.
Discounts
Age of Home/New Construction
If your home is newly built, you are eligible for a credit.
Alarm Systems: Central Burglar, Fire Alarm
If you have a central burglar or central fire alarm, you are eligible for a credit.
Documentation that shows proof of installation is required and could include an installation certificate, monitoring contract, or a letter from the installation/monitoring company.
Home Exterior Siding
You are eligible for this credit if your home has one of these types of siding:
Brick
Concrete
Stone Veneer
Hardiplank or Hardipanel (cement fibers)
Indoor Sprinkler System
If you have sprinklers located throughout your home in every room, including closets, you are eligible for this discount. Documentation is required and could include a fire inspection report.
Note: Sprinklers in crawl spaces, attics, garages, screened porches, etc. are not required for full credit.
Location of Home
Homes inland have lower insurance premiums than those by the coast.
You could pay less for home insurance in Florida if you buy a home or rent property within 1,000 feet of a fire hydrant and five miles of the responding fire station.
Paperless Discount
If you elect to have your documents sent to you via email only, you will receive a discount.
Policyholder Age 55+
If a policyholder listed on the policy is age 55 or older, this discount is automatically applied to the premium.
Roof Credits
We offer discounts based on the design of your roof, including the shape, slope, and soffit of the roof.
Roof Shape: The shape of your roof significantly impacts its resilience during a windstorm. There are three main shapes of roofs: hip, gable, and flat. We offer a discount for Hip roofs, which are roofs that slope upward from all sides of a structure, having no vertical ends. Hip roofs generally perform better in extreme winds than other roof designs because they have fewer sharp corners, a shallower slope, and a more stable structure. A hip roof can reduce your premium by nearly 32%.
Roof Slope: Roof slope is the measure of the steepness of your roof. To qualify for this discount, an inspection must be performed at the policyholder’s expense and the roof must have a high slope.
Roof Soffit: A soffit is part of the cornice or eave, where the roof meets the walls. If your roof soffit is made of wood, you are eligible for this credit.
Note: Some homes don’t have soffits.
Secured Community
You are eligible for this discount if your community meets at least one of the two following security requirements:
Your subdivision or community has a single entry and is protected by a 24-hour security patrol.
All entrances to the community are protected by 24-hour manned or passkey gates.
Note: Seasonal residents are not eligible for this credit.
Water Leak Detection Device
You may be eligible for a credit if you have a water leak detection device. Documentation that shows proof of installation is required.
Equipment Breakdown
Does this cover Wear & Tear?
Equipment Breakdown vs Wear and Tear
Equipment Breakdown does not cover wear and tear. Wear and tear is the natural deterioration of a machine’s ability to perform its intended function which occurs as a machine reaches the end of its “life expectancy.” This is determined by the quality of installation, the level of maintenance, moisture/humidity, vibration, heat and cold, or intensity of use. Equipment Breakdown refers to a sudden loss of functionality.
Download our Loss Scenarios Guide for examples of equipment breakdown versus wear and tear.
How do I report an Equipment Breakdown claim?
To file a claim call Customer Service at (877) 333-9992 or file a claim online in our Customer Portal.
Is this coverage the same as an extended warranty?
No. Extended warranties are often expensive and only cover one appliance per warranty. The Equipment Breakdown endorsement is a lot different than coverage from warranties and provides breakdown coverage for all of your household’s electrical equipment.
Download this quick guide to compare the value of Equipment Breakdown to a product warranty.
What does Equipment Breakdown cover?
Standard home insurance policies do not cover appliances or equipment breakdown. It’s available as an option to add to your policy. Our Equipment Breakdown endorsement provides coverage up to $100,000 for sudden electrical, mechanical, or pressure system breakdown to your home’s equipment.
What equipment is covered?
● Freezers and Refrigerators
● Swimming Pool Equipment
● Surround Sound Systems
● Home Security Systems
● Microwaves and Ovens
● Computer Equipment
● Central A/C Systems
● Washers and Dryers
● Garbage Disposals
● Well Water Pumps
● Water Heaters
● Sump Pumps
● Dishwashers
● Heat Pumps
● TVs
What is the cost and deductible of Equipment Breakdown?
● You can add equipment breakdown coverage to your insurance policy for $50 a year.
● You are responsible for paying $500 per claim. We’ll take care of the rest.
ID Theft
Can I add ID theft protection to my condo or renters insurance?
Identity theft protection coverage can be added to any Security First policy for homeowners, renters, or condo insurance in Florida. By bundling with a current (or new) policy, homeowners can save significantly on identity theft protection that includes fraud monitoring.
How do I add Identity Theft Protection to my Florida homeowners insurance policy?
Speak with your agent directly to add identity theft protection to your homeowners insurance. The Security First Insurance Identity Theft Protection can be added at the time a new policy is purchased.
For existing customers, coverage can be added when the policy renews and up to 30 days after.
How do I file an Identity Theft claim?
Please call (800) 676-5696 to file an ID Theft claim. The dedicated Identity Theft Recovery team will assist you with restoring your identity. ID theft claims are handled by our protection partner, PrivacyMaxx.
For claims involving damage to your home or physical property, please visit our Claims Center.
How does the limit apply?
Does each person have a coverage limit of $25,000? The coverage limit is per person, per separate identity theft incident.
How much does fraud protection coverage cost?
The annual cost for Identity Theft Protection is $25 a year when added to your Security First policy for condo, renters, or homeowners insurance in Florida.
What is the limit?
There is a $25,000.00 coverage limit, and no deductible.
What services does PrivacyMaxx provide?
PrivacyMaxx provides identity theft monitoring solutions and resolution services to help guide victims along the path to clearing their name and credit history.
For full identity monitoring benefits, policyholders’ must register online after speaking with his/her agent to add identity theft protection.
Who is covered?
The following people are covered:
● Policyholder,
● Spouse,
● Domestic partner,
● Children living at home, up to age 21 or full time student up to age 26,
● Grandparents living at home.
You can add family members to your identity theft monitoring coverage online.
Who is PrivacyMaxx?
Founded in 2005, PrivacyMaxx is the leading technology solutions provider dedicated to identity theft monitoring and protection. PrivacyMaxx combines expertise in data center and Internet technology with early warning notification, restoration, and security analysis to provide customers with proactive 24/7 identity protection services.
Security First Insurance has partnered with PrivacyMaxx to offer policyholders comprehensive identity theft protection that includes monitoring for just $25/year.
Wind Mitigation
Building Code
If the construction of your home or roof meets certain Florida Building Code standards, you may be eligible for a discount.
Opening Protection
Do you have storm shutters and/or impact-rated windows? If so, you may be eligible for the Opening Protection discount. Please note that all openings in your home, including all windows, doors, and skylights, must be protected in order to receive this credit.
Roof Deck Attachment
How securely your roof deck is attached to the roof trusses/rafters may qualify you for a discount.
Roof-to-Wall Attachment
Your home may qualify for a discount based on how securely your roof is attached to the walls of your home. This can vary from simple nails to more complex metal straps that wrap over the trusses.
Secondary Water Resistance
If your home has an additional layer of water resistance to prevent wind-driven rain intrusion, you may qualify for this discount.
Service Line
How much does it cost to combine Service Line coverage?
You can combine Equipment Breakdown and Service Line coverage for $80 a year.
If my home becomes unlivable, are living expenses covered?
Yes. In addition to providing coverage for repairs associated with a service line failure, Service Line coverage extends to the following:
● Reimbursement for temporary living expenses.
● Expediting expenses so you can make immediate repairs.
● Environmental Safety and Efficiency Improvements.
Is Service Line offered as a standalone product?
No. Service Line coverage can only be combined with Equipment Breakdown coverage when added to your policy.
What does Service Line cover?
The Service Line addition includes coverage for:
● Water, sewer, and drainage pipes.
● Ground loop piping for heat pump.
● Telecommunications wiring.
● Steam piping to heating system.
● Fiber optic cables.
Citizen Depopulation
Do I need to notify my mortgage company?
No. Security First Insurance will notify your mortgage company and provide all required information. If your mortgage company pays your insurance premium, Security First Insurance will send your invoice to your mortgage company for payment.
How do I file a claim if I am part of the Citizens Depopulation Program?
To report a claim that occurred on or after 12:01a.m. on February 20, 2024 (the assumption date), Citizens policyholders should call CCMS & Associates, the Claims Administrator for Security First Insurance Company at (833) 394-2394.
To report a claim that occurred on or before 12:01a.m on February 20, 2024, Citizens policyholders should call Citizens at (866) 411-2742, or Citizens policyholders may submit a claim online via myPolicy at www.citizensfla.com/mypolicy.
If you are a Citizens policyholder with an open claim, that claim will continue to be handled by Citizens’ claims team. Contact Citizens at (866)411-2742 for assistance.
How do I make payments on my policy?
Payments should be made with Citizens until your policy renewal date. Once you receive your renewal packet from Security First Insurance, payments can be made online or through your agent.
Is Security First Insurance financially stable?
Absolutely! Since opening our doors in 2005, we have earned and maintained a Demotech Financial Stability Rating of “A” (Exceptional). We have $930 million in reinsurance (insurance for insurance companies) to pay claims for multiple storms in a single year and $73 million in surplus, exceeding all regulatory and rating agency requirements. This ensures that we are able to deliver on our promise to be here for you storm after storm, year after year®.
What is the Citizens Depopulation Program?
The Depopulation Program was developed by Citizens with the authorization of the Florida Legislature. Its objective is to decrease the number of policies held by Citizens and promote more insurance companies to operate in Florida. This initiative allows companies like Security First Insurance to move Citizens’ policies to the private insurance market, which helps the Florida insurance market stay healthy and competitive.
Where will my insurance documents come from?
Your insurance documents will come directly from Security First Insurance at renewal.
Why is the Citizens Program necessary?
If Citizens doesn’t have enough funds to pay out claims, they have the option to levy an assessment on their policyholders. This could result in a Citizens’ assessment of up to 45% of your insurance premium.
The Florida Legislature and Citizens are working hard to reduce the number of policies and exposure to avoid assessments altogether. As a result, Florida’s insurance market becomes healthier as private companies offer coverage for our state’s growing number of residents.
Claims
Damaged Property
Do not to discard any damaged personal property, appliances, or building materials, until given the approval from your Claims Examiner.
Home Inventory List
If you do not have a summary of personal belongings prepared at the time of a loss, you can use a contents estimator or manually prepare a list of stolen or damaged property. Whenever possible, include the manufacturer, model name or number, and the place and date of purchase. If you have receipts, manuals, or photographs of the lost or damaged items, provide them to your Claims Examiner or Field Adjuster.
How do I file a claim?
You have several options. You can call our toll-free claims number at (877) 333-9992. You can also file a claim online using the (866) 384-7697.
For more information, please visit our Claim Process page.
How does my deductible apply?
Your deductible is the out-of-pocket amount you pay before your insurance benefits apply. Please be aware that it is illegal for a contractor to waive your deductible.
Deductible
Your deductible is the out-of-pocket amount you pay before your insurance benefits apply. Please be aware that it is illegal for a contractor to waive your deductible.
If I file a claim will you raise my rates or cancel the policy?
A hurricane is an “Act of God,” so your specific policy’s premium will not increase as a result of your claim nor will it be canceled because you filed a hurricane claim.
If my tree falls and damages someone else’s property should I file a claim?
You do not need to report a claim if there was no damage to your property. You are responsible for removing any tree remaining on your property to maintain your property and to prevent anyone from being injured.
Is flood damage covered?
Damage caused by floods is not covered by most homeowner’s insurance policies. You need a flood insurance policy to receive coverage for damage caused by floods or storm surge. Contact your agent to determine if you have a separate flood insurance policy.
Lost Credit Card
If you have lost a credit card, report it to the credit card company immediately.
Receipts
Keep all receipts for repairs and expenses.
Repairs
Protect your property against further damage. Make only temporary repairs and keep all receipts. Avoid making permanent repairs until the Field Adjuster has had a chance to inspect the damage.
Scheduling an Appointment
Schedule your appointment when you or another adult can meet with the Field Adjuster or Contractor in case we need access to the interior of your home.
Theft
If you have experienced a theft, be sure to report stolen items to the police immediately.
Uninhabitable Conditions
If you must move out of your home, keep all receipts for any temporary lodging and any other expenses you incur.
Water Damage
If your home has water damage, it needs immediate attention. Call us first, so we can connect you with our First Choice Repair Network® to assist with water extraction or repair services.
What does my Claims Examiner do?
Your Claims Examiner is your primary point of contact. They are essentially the conductor of your claim. They review your policy coverage and review findings from Contractors and Field Adjusters.
What does my Field Adjuster do?
Field Adjusters inspect any interior and exterior damage and report their findings to the Claims Examiner.
What happens after a claim is filed?
You will be contacted by an examiner to discuss your claim and a Field Adjuster will contact you to schedule an inspection of your property. The Field Adjuster will inspect your home and estimate repairs for any covered damage. If your claim exceeds your Hurricane Deductible, we will issue a payment for the amount over the deductible. If needed, we can help you find a licensed and insured contractor in your area to repair your home.
DF1
DF1 Coverage for Medical Payments (Coverage M)
This coverage is paired with Personal Liability coverage to provide medical expense coverage to others (not living at your residence) who are injured on your property, or who incur injuries resulting from your personal activities.
Medical Payments (Coverage M) Limits: $0, $1,000, $2,500, or $5,000
DF1 Coverage for Other Structures (Coverage B)
Our Dwelling Fire Basic policy offers coverage for “other structures” located on the residence premises. For example: a detached garage or a shed may be considered an “other structure.”
Other Structures (Coverage B) Limits: 0% to 20% of Coverage A
DF1 Coverage for Personal Liability on Your Property (Coverage L)
This coverage provides protection if someone were to file a lawsuit against you, claiming you caused them bodily injury or damaged their property. Liability can protect you in situations that may be unforeseen, such as a friend twisting their ankle on a loose step. Liability coverage also covers certain defense costs—even if the lawsuit filed against you is false, groundless or fraudulent.
Personal Liability (Coverage L) Limits: $0, $100,000, $200,000 or $300,000
Note: When the property on the policy isn’t your primary residence, or the title of the property is in the name of a Partnership, Corporation, LLC, Trust, or Estate, the Liability Coverage is restricted to incidents that occur at the insured property. This is known as Premises Liability.
DF1 Coverage for the Structure of Your Home (Coverage A)
A Dwelling Fire Basic policy provides coverage for damage to the structure—your home—in the event of a covered loss. Coverage A provides coverage for the structure of your home and is settled on an actual cash value (ACV) basis. ACV is calculated using the cost to repair or replace the property covered by the policy minus the depreciated value. The depreciated value is calculated using several factors including the age of the property and condition. Actual cash value is usually less than the cost to repurchase something brand new. If you would like to cover your property for the full cost to replace it, Security First offers the option for you to purchase Replacement Cost Loss Coverage (RCE) that can be added to the policy for an additional premium.
Dwelling (Coverage A) Limits: $50,000 – $1,000,00
DF1 Coverage for Your Contents (Coverage C)
If chosen, your personal belongings are covered on an actual cash value basis if the dwelling suffers a covered loss. Some examples of the contents you may elect to cover are furniture and appliances.
Personal Property (Coverage C) Limits: 0% to 70% of Coverage A
DF1 Loss of Use (Coverage D)
Loss of Use is an optional coverage that covers you if your home becomes uninhabitable due to a covered loss. If a named insured is occupying the home at the time of loss, Coverage D pays for the additional living expenses you incur while the home is uninhabitable. This includes costs for a place to stay, food, and clothing.
If a tenant is occupying the home at the time of loss, Coverage D pays for the loss of rental income you incur while the home is uninhabitable.
Coverage Limits: 0% to 10% of Coverage A
DF3-DL
DF3-DL Coverage for Medical Payments (Coverage M)
This coverage is paired with Personal Liability coverage to provide medical expense coverage to others if they are injured on your property.
Medical Payments (Coverage M) Limits: $0, $1,000, $2,500, or $5,000
DF3-DL Coverage for Other Structures (Coverage B)
Our Dwelling Fire Landlord policy provides coverage for “other structures” located on the residence premises. For example: a detached garage or in-ground swimming pool may be considered an “other structure”. Additional coverage is also available for pool enclosures.
Other Structures (Coverage B) Limit: 1% – 20% of Coverage A
DF3-DL Coverage for Personal Liability on Your Property (Coverage L)
Premises Liability can protect you in situations that may be unforeseen, such as a visitor twisting their ankle on a loose step. Liability coverage also covers certain defense costs – even if the lawsuit filed against you is false, groundless or fraudulent.
Premises Liability Insurance (Coverage L) Limits: $0, $100,000, $200,000, $300,000, or $500,000
This valuable coverage is also available for properties deeded in the name of a Trust, LLC, or Estate.
DF3-DL Coverage for the structure of your home (Coverage A)
A Dwelling Fire Landlord policy provides coverage for damage to the structure of your dwelling in the event of a covered loss. Coverage A includes Replacement Cost for covered losses. This means that the structure of your home is valued using today’s construction costs to rebuild or repair your home, which is not the same as the real estate value.
Homes with an older roof that may not be eligible for a standard Homeowners Insurance policy could be eligible for a Dwelling Fire Landlord policy because the Dwelling Fire program has a Roof Surfaces Payment Schedule that can be added to the base policy.
Dwelling (Coverage A) Limit: $125,000 – $1,000,000
DF3-DL Coverage for Your Contents (Coverage C)
Coverage C is available for the property you own in the home. Some examples of the contents you may elect to cover are furniture and appliances. Coverage C does not include coverage for your tenant’s personal belongings.
Personal Property (Coverage C) Limit: $0 – $250,000
Actual Cash Value is the only loss settlement option for personal property on a Dwelling Fire Landlord policy.
DF3-DL Fair Rental Value & Additional Living Expenses (Coverage D & E)
If your rental property becomes uninhabitable due to a covered loss, your landlord insurance policy provides coverage for the loss of rental income you incur while the home is uninhabitable.
Coverage D & E Limits: 10% of Coverage A
DF3-DO
DF3-DO Coverage for Medical Payments (Coverage M)
This coverage is paired with Personal Liability coverage to provide medical expense coverage to others (not living at your residence) who are injured on your property, or who incur injuries resulting from your personal activities.
Medical Payments (Coverage M) Limits: $0, $1,000, $2,500, or $5,000
DF3-DO Coverage for Medical Payments (Coverage M)
This coverage is paired with Personal Liability coverage to provide medical expense coverage to others (not living at your residence) who are injured on your property, or who incur injuries resulting from your personal activities.
Coverage M Limits: $0, $1,000, $2,500, or $5,000
DF3-DO Coverage for Other Structures (Coverage B)
Our Dwelling Fire Owner policy provides coverage for “other structures” located on the residence premises. For example: a detached garage or an in-ground swimming pool may be considered an “other structure”. Additional coverage is also available for pool enclosures.
Other Structures (Coverage B) Limit: 1% – 20% of Coverage A
DF3-DO Coverage for Personal Liability on Your Property (Coverage L)
This coverage provides protection if someone were to file a lawsuit against you, claiming you caused them bodily injury or damaged their property. Liability can protect you in situations that may be unforeseen, such as a friend twisting their ankle on a loose step. Liability coverage also covers certain defense costs—even if the lawsuit filed against you is false, groundless or fraudulent.
Personal Liability (Coverage L) Limits: $0, $100,000, $200,000, $300,000, or $500,000
DF3-DO Coverage for Personal Liability on Your Condo Property (Coverage L)
This coverage provides protection if someone were to file a lawsuit against you, claiming you caused them bodily injury or damaged their property. Liability can protect you in situations that may be unforeseen, such as a friend twisting their ankle on a loose step. Liability coverage also covers certain defense costs—even if the lawsuit filed against you is false, groundless or fraudulent.
Premises Liability is only available on Limited Liability for Corporation, Estates, and Trust for a Dwelling Fire Owner policy. Premises Liability provides the same coverage as personal liability for the insured structure.
Coverage L Limits: $0, $100,000, $200,000, $300,000, or $500,000
DF3-DO Coverage for the Structure of Your Condo (Coverage A)
This is coverage for property which is specifically your responsibility under your Condo-Owner’s Association Agreement. This includes items of real property permanently affixed to the unit that are not covered by the association’s policy, such as flooring, and drywall.
Coverage A Limit: $25,000 – $150,000
DF3-DO Coverage for the Structure of Your Home (Coverage A)
A Dwelling Fire Owner policy provides coverage for damage to the structure—your home—in the event of a covered loss. Coverage A includes replacement cost for covered losses. This means that the structure of your home is valued using today’s construction costs to rebuild or repair your home, which is not the same as the real estate value of your home.
Homes with an older roof that may not be eligible for a standard Homeowners Insurance policy could be eligible for a Dwelling Fire Owner policy because the Dwelling Fire program has a Roof Surfaces Payment Schedule that can be added to the base policy.
Dwelling (Coverage A) Limit: $125,000 – $1,000,000
DF3-DO Coverage for Your Contents (Coverage C)
Coverage C provides coverage for your personal belongings. Some examples of the contents you may elect to cover are furniture, clothing, jewelry, television, stereo, and appliances.
Personal Property (Coverage C) Limit: $0 – $250,000
Optional replacement cost coverage for your personal property allows you to replace or repair items that were damaged or destroyed based on current market prices. Without this coverage, your items will be valued at actual cash value (ACV), which is generally less than the cost of a new item. ACV is more like the price you’d see at a garage sale. We recommend purchasing replacement cost coverage for your belongings.
DF3-DO Coverage for Your Condo Contents (Coverage C)
This is coverage for your personal belongings located on or off your residence premises. Coverage C also provides coverage for your guest’s personal property when items are located on the residence premises.
Coverage C Limit: $15,000 – $200,000
Optional replacement cost coverage for your personal property allows you to replace or repair items that were damaged or destroyed based on current market prices. Without this coverage, your items will be valued at actual cash value (ACV), which is generally less than the cost of a brand-new item. ACV is more like the price you’d see at a garage sale. We recommend purchasing replacement cost coverage for your belongings.
DF3-DO Fair Rental Value & Additional Living Expense (Coverage D & E)
If your home becomes uninhabitable due to a covered loss, our Dwelling Fire Owner policy provides coverage for the additional living expenses you and your family incur while you are living away from your home. This includes costs for a place to stay, food, and clothing.
Coverage D & E Limits: 10% of Coverage A
Tip: Make sure you keep all your receipts.
In the event of a covered loss, we provide a pre-paid debit card that you can begin using right away to cover those additional, unexpected expenses. This eliminates the hassle of having to deposit a check and will allow you to withdraw the cash you need immediately upon activation. This is one of the many solutions we’ve put in place to improve the customer experience with Security First Insurance.
DF3-DO Fair Condo Rental Value & Additional Living Expense (Coverage D & E)
If your condo becomes uninhabitable due to a covered loss, our policy provides coverage for the additional costs you or your family incur while you are living away from your condominium unit. This includes costs for a place to stay, food, and clothing.
Coverage D & E Limits: 10% of Coverage A
Tip: Make sure you keep all your receipts.
In the event of a covered loss, we provide a pre-paid debit card that you can begin using right away to cover those additional, unexpected expenses. This eliminates the hassle of having to deposit a check and allows our customers to withdraw cash immediately upon activation. This is one of the many solutions we’ve put in place to improve the customer experience with Security First Insurance.
Flood
Is flood damage covered?
Damage caused by floods is not covered by most homeowner’s insurance policies. You need a flood insurance policy to receive coverage for damage caused by floods or storm surge. Contact your agent to determine if you have a separate flood insurance policy.
Fraud
How do contractors commit fraud?
Fraudulent contractors solicit homeowners into filing a claim, which is against the law. As just one example, a common tactic they use is to go door-to-door after a storm, sometimes years after a storm, to convince homeowners to file a claim even when there hasn’t been any damage.
These contractors offer incentives, such as large insurance payouts, gift cards, or to waive deductibles—which is also illegal. They will have you sign an Assignment of Benefits contract that legally transfers the insurance rights of your claim to them, often resulting in homeowners being left in the dark while contractors pad their pockets.
If you would like to learn more about how to avoid becoming a victim of contractor fraud, visit the MyFloridaCFO website to read an article from the Office of the Insurance Consumer Advocate.
How do policyholders commit fraud?
Policyholders can commit insurance fraud even if they aren’t completely aware. Many times, they are following an attorney’s or public adjuster’s guidance. Inflating the value of a claim by claiming that a loss was due to something that’s not covered on your policy or when it was due to normal wear and tear, are both examples of insurance fraud.
Committing fraud to receive a larger settlement by providing false, misleading, or incomplete claim information is a crime that can result in felony charges, whether it was done by the policyholder or a third party acting on behalf of the policyholder.
How much does fraud protection coverage cost?
The annual cost for Identity Theft Protection is $25 a year when added to your Security First policy for condo, renters, or homeowners insurance in Florida.
What are you doing about fraudulent practices in the industry?
We are educating legislators on cases of fraud that have caused public harm, and we are working on proposed legislation that provides greater protection to Floridians; current law incentivizes filing unwarranted lawsuits.
What is insurance fraud?
Insurance fraud can take many forms. Generally speaking, it’s deliberately committing an act of deception for the purpose of financial gain.
HO3 – Signature
HO3 Coverage for Other Structures (Coverage B)
Coverage B provides coverage for other structures located on your property that aren’t attached to your home. An unattached garage, barn, utility shed, or in-ground swimming pool would be considered an “other structure”.
In our (HO3) Signature Homeowners program we offer Coverage B limits from 2% to 70% of the Coverage A limit.
Tip: if you have an inground pool with an attached aluminum screened enclosure you may want to consider adding our optional Limited Screened Enclosure or Carport Coverage endorsement.
HO3 Coverage for Personal Liability on Your Property (Coverage E)
Coverage E provides coverage that can protect you in situations that may be unforeseen, such as a friend twisting their ankle on a loose step. Liability coverage also covers certain defense costs – even if the lawsuit filed against you is false, groundless, or fraudulent. However, it does not cover liability losses caused by any animals you own or keep.
The HO3 Signature Homeowners policy offers Coverage E limits of $100,000, $200,000, $300,000 and $500,000.
If you’re a dog owner, we have an optional Dog Liability Coverage Endorsement that can be added to your policy to provide coverage for bodily injury and property damage caused by your dog (certain restrictions apply).
HO3 Coverage for the Structure of Your Home (Coverage A)
Coverage A provides coverage for your home. Your Coverage A limit should reflect the amount to rebuild your home. This is known as your home’s replacement cost value, which is not the same as the market value of your home. How do you determine the replacement value of your home? We have a tool called a replacement cost calculator that you can utilize to help you and your agent determine the replacement value of your home.
In our (HO3) Homeowners Signature program we offer Coverage A limits from $200,000 to $2,000,000.
(A higher minimum coverage limit applies to properties located in certain counties.)
HO3 Coverage for Your Contents (Coverage C)
Coverage C provides coverage for your personal property. Furniture, clothing, jewelry, electronics, and appliances are a few examples of personal property items you may want to insure.
In our (HO3) Signature Homeowners program we offer Coverage C limits between 0% and 75% of the Coverage A limit.
You also have the option to exclude this coverage.
HO3 Coverage for Your Medical Payments (Coverage F)
Coverage F provides coverage for medical expenses incurred by someone who does not reside in your household and is injured on or by your property.
The HO3 Signature Homeowners policy offers Coverage F limits of $1,000, $2,500, and $5,000.
HO3 Coverage if Your Home is Uninhabitable (Coverage D)
Coverage D provides coverage for the additional living expenses you and your family incur when your home becomes uninhabitable due to a covered loss. This includes the cost of a place to stay, food, and clothing.
The HO3 Signature Homeowners policy provides a Coverage D limit of 10% of the Coverage A limit.
To ensure our customers have immediate access to the funds they need, we provide them with a pre-paid debit card. This is one of the many solutions we’ve implemented to improve our customers’ experience.
Tip: It’s important to keep all your receipts.
HO4 – Renters
HO4 Coverage for Medical Payments (Coverage F)
Coverage F provides coverage for medical expenses incurred by someone who does not reside in your household and receives an injury on or nearby your property.
The HO4 Renters Insurance policy offers Coverage F limits of $1,000, $2,500, and $5,000.
HO4 Coverage for Personal Liability Insurance (Coverage E)
Coverage E provides coverage that can protect you in situations that may be unforeseen, such as a friend twisting their ankle on a loose step. Liability coverage also covers certain defense costs – even if the lawsuit filed against you is false, groundless, or fraudulent. However, it does not cover liability losses caused by any animals you own or keep.
If you’re a dog owner, we have an optional Dog Liability Coverage Endorsement that you can add to your policy to provide coverage for bodily injury and property damage caused by your dog (certain restrictions apply).
The HO4 Renters Insurance policy offers Coverage E limits of $100,000, $200,000, $300,000, and $500,000.
HO4 Coverage for Your Personal Property (Coverage C)
Coverage C provides coverage for your personal property. Furniture, clothing, jewelry, electronics, and appliances are a few examples of personal property items you may want to insure. Our HO4 Renters Insurance program includes replacement cost coverage (which means there is no deduction for depreciation). Replacement cost coverage for your personal property allows you to replace or repair damaged or destroyed items based on current market prices.
We offer Coverage C limits between $15,000 and $100,000.
HO4 Coverage if Your Rental Becomes Uninhabitable (Coverage D)
Coverage D provides coverage for the additional living expenses you incur when the residence becomes uninhabitable due to a covered loss. This coverage will provide you with additional living expenses for alternate housing during the repair process. This coverage includes costs for a place to stay, food, and clothing.
The (HO4) Renters Insurance policy provides a Coverage D limit of 20% of the Coverage C limit.
HO5 – Premier
HO5 Coverage for Other Structures (Coverage B)
Coverage B provides coverage for other structures on your property that aren’t attached to your home. An unattached garage, barn, utility shed, or in-ground swimming pool would be considered an “other structure.”
Our Premier Homeowners (HO5) program offers Coverage B limits from 2% to 70% of the Coverage A limit.
If you have an inground pool with an attached aluminum screened enclosure, you may want to consider adding our optional Limited Screened Enclosure or Carport Coverage endorsement.
HO5 Coverage for Personal Liability on Your Property (Coverage E)
Coverage E provides coverage that can protect you in situations that may be unforeseen, such as a friend twisting their ankle on a loose step. Liability coverage also covers certain defense costs – even if the lawsuit filed against you is false, groundless, or fraudulent. However, it does not cover liability losses caused by any animals you own or keep.
The Premier Homeowners (HO5) policy offers Coverage E limits of $100,000, $200,000, $300,000, and $500,000.
Tip: If you’re a dog owner, we have an optional Dog Liability Coverage Endorsement that can be added to your policy to provide coverage for bodily injury and property damage caused by your dog (certain restrictions apply).
HO5 Coverage for the Structure of Your Home (Coverage A)
Coverage A provides coverage for your home. Your Coverage A limit should reflect the amount it would cost to rebuild your home. This is known as your home’s replacement cost value, which is not the same as the market value of your home. How do you determine the replacement value of your home? We have a special tool called a replacement cost calculator that can help you and your agent determine the replacement value of your home.
Our Premier Homeowners (HO5) program offers Coverage A limits from $500,000 to $2,500,000.
HO5 Coverage for Your Contents (Coverage C)
Coverage C provides coverage for your personal property. Furniture, clothing, jewelry, electronics, and appliances are a few examples of personal property items you may want to insure. Our Premier program includes replacement cost coverage, which means there is no deduction for depreciation.
Our Premier Homeowners (HO5) program offers Coverage C limits between 25% and 75% of the Coverage A limit.
You also have the option to exclude this coverage.
Note: Certain classes of property, such as furs, jewelry, and silverware, have a set coverage limit. If you own items with a value higher than the special limit included in our Premier Homeowners policy, we have an optional Scheduled Personal Property endorsement that can be added to the policy to insure those items at their appraised value.
HO5 Coverage for Your Medical Payments (Coverage F)
Coverage F provides coverage for medical expenses incurred by someone who does not reside in your household and is injured on or by your property.
The Premier Homeowners (HO5) policy offers Coverage F limits of $1,000, $2,500, and $5,000.
HO5 Coverage if Your Home is Uninhabitable (Coverage D)
Coverage D provides coverage for the additional living expenses you and your family incur when your home becomes uninhabitable due to a covered loss. This includes the cost of a place to stay, food, and clothing.
The Premier Homeowners (HO5) policy provides a Coverage D limit of 10% of the Coverage A limit.
To ensure our customers have immediate access to the funds they need, we provide them with a pre-paid debit card. This is one of the many solutions we’ve implemented to improve our customers’ experience.
Tip: It’s important to keep all your receipts.
HO6 – Condo
HO6 Coverage for Loss Assessment
Loss Assessment Coverage provides coverage for your share of a loss assessment charged by a corporation or association of property owners up to the policy’s limit of $2,000.
HO6 Coverage for Medical Payments (Coverage F)
Coverage F provides for the necessary medical expenses that are incurred by others (not living at your residence) if they are injured on or by your property, by an animal you own or keep, or as a result of you or a family member residing with you.
Coverage F Limits: $1,000, $2,500, or $5,000
HO6 Coverage for Personal Liability Insurance (Coverage E)
Coverage E (Liability Coverage) provides coverage that can protect you in situations that may be unforeseen, such as a friend twisting their ankle on a loose step. Liability coverage also covers certain defense costs – even if the lawsuit filed against you is false, groundless, or fraudulent. However, it does not cover liability losses caused by any animals you own or keep.
An optional Dog Liability Coverage endorsement may be available to cover bodily injury and property damage caused by dogs you own or keep (certain restrictions apply).
Coverage E Limits: $100,000, $200,000, $300,000, or $500,000
Note: There are two different types of Liability Insurance – Personal and Premises. Premises Liability restricts the Liability to incidents that occur at the insured location. Personal Liability will be restricted to incidents that occur on the property’s premises under certain policy conditions.
HO6 Coverage for the Structure of Your Condo (Coverage A)
Coverage A provides coverage for the interior features of your home, such as flooring, cabinetry, fixtures, and any other permanently affixed additions or alterations when a loss is caused by a covered peril named in the policy (e.g., fire, lightning, or theft).
Coverage A (Dwelling) Limits: minimum of $30,000 up to a maximum of $300,000
Optional Special Coverage A (Open Perils)
For an additional cost, Special Coverage A can be added to the policy. This coverage changes the terms of your policy from Named Peril to Open Peril, which means losses caused by any peril that is not specifically excluded in the policy are covered.
HO6 Coverage for Your Contents (Coverage C)
Coverage C covers your personal property, such as free-standing appliances, clothing, and furniture. Personal Property is covered at replacement cost, which means there is no deduction for depreciation.
Coverage C (Personal Property) Limits: minimum $20,000 up to a maximum of $200,000 *Replacement cost on contents is included in a Security First Insurance policy.
Replacement cost coverage for your personal property allows you to replace or repair items that were damaged or destroyed based on current market prices. Without this coverage, your items will be valued at actual cash value (ACV), which is generally less than the cost of a brand-new item. ACV is more like the price you would see at a garage sale.
Optional Special Coverage C (Open Perils)
For an additional cost, Special Coverage C can be added to the policy. This coverage changes the terms of your policy from Named Peril to Open Peril, which means losses caused by any peril that is not specifically excluded in the policy are covered.
HO6 Coverage if Your Condominium Unit Becomes Uninhabitable (Coverage D)
Coverage D (Loss of Use) provides coverage for the additional costs you or your family incur when your condo becomes uninhabitable due to loss caused by a covered peril.
Coverage D (Loss of Use) Limits: 40% of Coverage C
Tip: Make sure you keep all your receipts so that you can be sure to receive the correct reimbursement.
We understand the importance of having immediate access to the funds you need for your additional living expenses, which is why we provide our customers with a pre-paid debit card that they can begin using right away once activated. This eliminates the hassle of depositing a check and allows our customers to withdraw cash immediately. This is one of the many solutions we’ve put in place to improve the customer experience with Security First Insurance.
HO6 Water Backup & Sump Overflow Coverage
For policies with Standard or Limited Water Damage Coverage, a $5,000 limit is automatically included for Water Backup and Sump Overflow damage. This endorsement provides coverage for damage resulting from water that backed up through a sewer or drain, or which overflowed from a sump.
Rates
Do you want to increase my premium?
No. We’d rather keep premium low and our customers happy. The rising cost of insurance statewide has been a challenge for everyone, homeowners and insurance companies alike. Florida law requires homeowner’s insurance companies to pass along the costs associated with fraudulent or inflated claims to customers.
How do contractors commit fraud?
Fraudulent contractors solicit homeowners into filing a claim, which is against the law. As just one example, a common tactic they use is to go door-to-door after a storm, sometimes years after a storm, to convince homeowners to file a claim even when there hasn’t been any damage.
These contractors offer incentives, such as large insurance payouts, gift cards, or to waive deductibles—which is also illegal. They will have you sign an Assignment of Benefits contract that legally transfers the insurance rights of your claim to them, often resulting in homeowners being left in the dark while contractors pad their pockets.
If you would like to learn more about how to avoid becoming a victim of contractor fraud, visit the MyFloridaCFO website to read an article from the Office of the Insurance Consumer Advocate.
How do policyholders commit fraud?
Policyholders can commit insurance fraud even if they aren’t completely aware. Many times, they are following an attorney’s or public adjuster’s guidance. Inflating the value of a claim by claiming that a loss was due to something that’s not covered on your policy or when it was due to normal wear and tear, are both examples of insurance fraud.
Committing fraud to receive a larger settlement by providing false, misleading, or incomplete claim information is a crime that can result in felony charges, whether it was done by the policyholder or a third party acting on behalf of the policyholder.
I haven’t had a claim, why not charge me less, and those who filed claims more?
We understand it’s frustrating to be affected by the factors we’ve discussed on this page. We do not have the flexibility to change how we rate individual policies in this way. Florida law requires premium changes to be approved by the state and then applied to all policies.
We are required to pass along the increased costs of fraudulent or inflated claims to all of our customers, not just ones that have filed claims. Currently, Florida insurance companies don’t have the option to lower rates statewide because industry losses are far too high due to the major increase in insurance fraud and the unethical practices of law firms and contractors engaged in fraudulent activities.
However, sometimes there are opportunities to lower your premium, such as discounts or coverage changes. Please contact us if you would like to review your policy.
If I file a claim will you raise my rates or cancel the policy?
A hurricane is an “Act of God,” so your specific policy’s premium will not increase as a result of your claim nor will it be canceled because you filed a hurricane claim.
What are you doing about fraudulent practices in the industry?
We are educating legislators on cases of fraud that have caused public harm, and we are working on proposed legislation that provides greater protection to Floridians; current law incentivizes filing unwarranted lawsuits.
What is insurance fraud?
Insurance fraud can take many forms. Generally speaking, it’s deliberately committing an act of deception for the purpose of financial gain.
Reinsurance
How do I get this information from other Florida home insurance companies?
Not all companies publish detail about their reinsurance program on their website. If you’re having trouble locating this information, talk with your insurance agent and call the insurance company to ask them how many hurricanes they can withstand. Do they have enough reinsurance to endure another 2004 hurricane season with four storms?
How much reinsurance should companies purchase?
Not all insurance companies are required to purchase the same amount. Important: this is the major reason all Florida home insurance companies are not equally as strong. Each company determines how much reinsurance they purchase by using hurricane models to estimate their exposure to hurricane losses. Some home insurance providers only purchase the minimum amount of reinsurance suggested by Florida regulators. This is supposed to be enough to withstand a single large event and two smaller events. Mother Nature, however, is not predictable. As the 2004 hurricane season showed, a multitude of storms can occur in a single year.
How often should I ask about a company’s reinsurance program?
Home insurance companies purchase reinsurance every year. Most companies have a program in place by June 1st, before the start of the hurricane season. June 1st, or just prior to your policy’s renewal, is a good time to conduct your evaluation. A company may be financially stable at the time you purchased your policy, but this doesn’t mean they will be as financially strong when it’s time to renew. In fact, if the company were to poorly manage their growth, they may not have the funds necessary to purchase adequate reinsurance coverage.
What is reinsuranace?
Reinsurance is simply insurance for insurance companies–back-up coverage. For risk management, all Florida homeowners insurance companies purchase reinsurance to transfer some of the risk to reinsurers. If a hurricane makes landfall, and depending on the amount of reinsurance a company purchased, recovery funds from reinsurers become available to help the insurance company pay claims. However, if the company does not purchase enough reinsurance, it may not be able to pay its claims and could become insolvent.
Get In Touch
Our dedicated team of professionals is ready to assist you with any inquiries related to our insurance products, claims, billing, or general information.
We’re committed to ensuring that you have a positive experience when interacting with us.