Florida Homeowners Insurance (Spring Hill, FL Area)
Whether you own a house, condominium or townhouse, for most
people their home is their most important investment. Economy
Insurance Mart offers the Spring Hill, Florida area homeowners
insurance policies that have flexibility to meet your individual needs
and above all, provide you with the security that comes only from
the knowledge that your home is safe. Insurance for your home is
one of the most popular and important forms of personal insurance
and the typical Florida Homeowners Insurance policy has two main
sections:
Section I - insurance coverage for your property
Section II - personal liability coverage (to cover you in case of lawsuits
arising from things that happen on your property)
Homeowners insurance is often required by lenders to obtain a
mortgage and nearly everyone, whether you own or lease property,
should have the protection of Florida homeowners insurance.
Florida Homeowners Insurance FAQ
Click on the link below to fill out a quote request form for a Spring Hill, Florida area Homeowners
Insurance policy that will provide excellent insurance coverage at an affordable cost. Or you can
speak with our Florida Homeowners Insurance agent specialist toll free at (800) 211-5095 to
discuss the policy features in more detail.
Covered losses under a Florida homeowners insurance policy can be paid on either a replacement
cost basis or on an actual cash value basis. When "actual cash value" is used, the policy owner is
entitled to the depreciated value of the damaged property. Therefore, the older the item is, the less
money you may receive for it. If you choose the "replacement cost" coverage, the Florida
homeowners insurance policy will reinburse the amount it costs to replace the property with
something of a similar type and quality at current prices.
Replacement Cost or Actual Cash Value
Florida Homeowners Insurance Policy FAQ
An "All Risks" policy provides the broadest Florida homeowners insurance protection because it
will cover losses that are due to any peril except those specifically excluded in the policy. A
"Named Perils" policy covers losses that are due to only those perils listed in the standard Florida
Homeowners Insurance policy and typically include fire, hail, windstorm, and other physical
losses.
Florida Homeowners Insurance Policy FAQ
All Risks or Named Perils
If your policy limit is less than 80% of the replacement cost of your home, you will face a
"coinsurance penalty," which means you'll have out-of-pocket expenses to cover costs beyond
the policy deductible you chose. For example purposes we will assume your home's
estimated replacement value (RCV) is $100,000. The co-insurance clause requires you carry
at least $80,000 (80% of your RCV). If you chose to purchase only a $40,000 Florida
Homeowners Insurance policy you would be underinsured by half. Therefore, in the example
the insurance company would pay one-half of a loss less the policy deductible, so if you
suffered a $10,000 covered loss to your house, condominium or townhouse and had a $500
deductible, your policy would only pay $4,500.
Florida Homeowners Insurance Policy FAQ
Coinsurance Penalty
Personal liability in a Florida homeowners insurance policy is also an important part of having
security from accidents that may occur on your property. We suggest you choose coverage limits
that are not less than those on other liability insurance you own, such as car insurance.
Click on the link below to fill out a quote request form for a Spring Hill, Florida area Homeowners
Insurance policy that will provide excellent insurance coverage at an affordable cost. Or you can
speak with our Florida Homeowners Insurance agent specialist toll free at (800) 211-5095 to
discuss the policy features in more detail.
Personal Liability
Florida Homeowners Insurance Policy FAQ
**The information, pictures, and other content in this website about particular insurance services is only
provided for informational purposes. Any decisions regarding your insurance needs should be discussed
with a licensed insurance agent.

Please be advised that insurance coverage cannot be bound, changed or confirmed via voicemail, email,
fax or online at the agency's website. You must speak directly with a licensed insurance agent.
We are a Spring Hill, Florida insurance agency offering affordable Florida homeowners
insurance policy services in the following cities and counties in Florida: Hudson, New Port
Richey, Holiday, Brooksville, Aripeka, Bayonet Point, Port Richey, Gulf Harbors, Elfers, Anclote,
Tarpon Springs, Palm Harbor, Land O' Lakes, Masaryktown, Garden Grove Esates, Spring
Lake, Weeki Wachee, Bayport, Brooksville, Istachatta, Pineola, Nobleton, Bushnell, Sumterville,
Center Hill, Webster, Linden, Mascotte, Tarrytown, Ridge Manor, Catherine, Trilby, Lacoochee,
Dade City, Blanton, San Antonio, St. Leo, Zephyrhills, Crystal Springs, Wesley Chapel, Pasco,
Darby, Odessa, Richland, Lumberton, Homosassa Springs, Hernando County, Pinellas
County, Citrus County, Hillsborough County, and Pasco County, FL. We also offer Florida
homeowners insurance policy services throughout the Sunshine state, including Winter Haven,
Lakeland, Miami, Orlando, Tampa, St. Petersburg, Tallahassee, Ft. Lauderdale, and
Jacksonville, FL.
Economy Insurance Mart
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Economy Insurance Mart
7377 Spring Hill Drive
Spring Hill, Florida 34606
Hernando County, FL
Phone: (352) 688-0109
Phone: (352) 684-5353
Toll Free: (800) 211-5095
Fax: (352) 688-6050
Fax: (352) 684-5357