Are my knitting supplies covered by my homeowners insurance in Florida?

Do you knit as a hobby or do you knit and sell your goods at the local craft fair? Either way, knitting is such a relaxing hobby. Surely you have tons of yarn types along with many knitting tools in your home. You would be devastated if something happened to your tools.

This is where your homeowners insurance in Florida from comes into play. If your craft items were damaged or stolen would you be covered? Many people aren’t quite sure what is and isn’t covered when it comes to their own home policy. Let’s clear up some confusion.

What’s actually covered in my FL policy?

FL Homeowners Insurance Other Structures

This policy provides coverage for any structures that are not directly attached to your home. For example, detached garages, small outhouses and tool sheds.  The contents of each are also covered.

Your home is always insured for the amount it would cost to replace should the unfortunate happen according to  Many insurers insist that your Florida homeowners insurance online policy covers at least 80 percent of the total costs to replace or rebuild your house. That is if should you suffer a total loss of property.  However, you are able to insure your property for up to 100% of the replacement value. This means that should you lose your home to fire, earthquakes or floods, then all costs are covered.

Personal Property Protection

This coverage provides protection against theft and damage to your personal belongings.  This is where your knitting supplies come into play. Your yarn and other knitting supplies would fall into this category and be covered. Therefore no need to worry about if your supplies are covered or not.

More valuable items that are in your home including antique jewelry, silverware, guns, money, and computers do have coverage on a homeowners insurance in Florida policy.  However, it is limited and would probably call for their own separate cover. With this policy, you can choose your level of cover and either insure your property for what it would cost to replace, or the amount that you originally paid.

Additional Living Expenses

In the unfortunate event that your house is damaged and uninhabitable, then this policy will cover you for any accommodation and other expenses while you are away from home. It may even stretch to restaurants and storage of your personal items whilst your property is repaired.

Personal Liability

This type of policy covers you against anyone making a claim against you as a result of them hurting themselves or damage done to their property which was caused by negligence on your part.

For example, if your child breaks a window or a visitor to your property is bitten by your dog, or someone trips over uneven decking in your yard, this plan will cover you and any family members currently living with you at the time the policy from was taken out.

Medical Payments to Others

Whether you were at fault or not, this type of policy covers any medical expenses incurred by any person or persons suffering injury. As a result of an accident on your property.