12750 SW 128 ST Suite 210
Miami, FL 33186
Real estate insurance can be a lifesaver in the event of any damage or loss. State law doesn't compel you to have homeowner's insurance, but many things can damage your Miami, FL property. So, it's wise to protect your investment. You can opt for the right coverage by choosing a few types of property insurance.
At Prestige Insurance Group Inc., we recommend taking out homeowner's insurance. It covers things like wind and lightning damage.
If you've got tenants, it'd be best to take out landlord insurance. It protects you from damage caused by tenants or potential liability issues. And if you're running a business on the property, commercial insurance is a must.
You might want to consider flood insurance too. This option is vital if your property is in a flood-prone area. In Florida, you never know what kind of weather you'll get. It's no secret that Florida gets hit by many hurricanes and rainstorms. This type of insurance is handy since your regular homeowner's insurance doesn't cover floods.
That said, remember title insurance. It covers you in case of a mix-up about who owns your property. Mistakes during the title search could cause confusion. In some cases, someone else may say your property is theirs.
Knowing what you'll get if your property gets damaged is essential in the insurance game. There are two options: replacement cost and actual cash value.
If your property gets wrecked and you go for actual cash value, we look at your claim with the depreciation factor in mind. What does this mean? So, we'll only pay your property's value at the time of the loss. With replacement cost, we'll pay the full amount needed to make your property look as good as new.
It's essential to take action ASAP to protect your property. So, visit us or get in touch via phone to get a quote. At Prestige Insurance Group Inc., we ensure you get the coverage you deserve in Miami, FL.