Like all of Florida, Marion County and Ocala have their fair share of weather risks. If the weather poses a threat, local homeowners will want to protect their property.
Homes represent significant investments for Ocala residents. The average home price in Ocala is around $126,000, according to Zillow. Home insurance is one way homeowners can protect these investment from weather risks.
Home insurance policies often cover a multitude of weather phenomena. However, they usually aren't all-encompassing. Policies may exclude certain damages from coverage, so it's critical to make sure your insurance addresses this risk.
Let's take a look at some common weather risks Ocala homes face.
1. Severe Thunderstorms
Most home insurance policies will cover severe thunderstorm damage. Severe storms might bring heavy precipitation, wind and lightning. Severe thunderstorm coverage can often sufficiently reimburse costs associated with repairing thunderstorm damage. However, owners should check their policies to make sure they don';t exclude associated weather events, such as hail or tornadoes.
Choose policy limits that accurately represent the home's value, should it sustain damage. The policy needs to contain adequate replacement coverage if weather destroys the home.
One type of weather that most standard home insurance policies do not cover is flooding. Floods are extremely devastating occurrences, and they can cause a lot of damage in a short time.
Ocala receives about 50 inches of rain per year, according to U.S. Climate Data. Marion County sits, on average, about 110 feet above sea level. This makes the risk for flooding in the city somewhat low.
To protect their property from flood damage, homeowners generally must buy flood insurance. This policy can cover the gap of coverage left by homeowners insurance. The National Flood Insurance Program classifies Ocala as a Class 3 risk for flooding. Homeowners might be able to get reduced rates for flood insurance because of this.
Many people associate with Florida with hurricanes. The Insurance Information Institute reports that seven of the 10 costliest hurricanes in history impacted Florida. Though Ocala lies inland, it is still susceptible to hurricane damage.
Florida law requires most homeowners policies to come with a degree of hurricane coverage. However, home insurance still may not cover every instance of hurricane damage. Homeowners might need to buy extra flood insurance or windstorm coverage to cover these risks.
When you buy homeowners insurance in Ocala, consider the value of your home. Then think about the weather risks that you face. Make sure your home insurance and any supplementary policies adequately cover your property.
We've got you covered. Call Ahrens Insurance Agency at (352) 368-7090 for a fast, free Ocala home insurance quote.