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Often used interchangeably, the terms “property insurance” and “homeowners’ insurance” sometimes confuse new homebuyers. Homeowners’ insurance is a specialized form of property insurance. By “property” the insurance industry means anything that you own.
Under that category come homeowners’ insurance and even renters’ insurance. These products cover single-family houses, condominiums and a renter’s contents in the case of damage from fire, storms, water leaks and theft. Some coverage includes temporary accommodation if you can’t stay in your home.
Homeowners’ insurance typically includes a liability component in case someone suffers property damage or accidental injury due to happenings on your property or the condition of your home.
On a side note, homeowners’ insurance (HOI) should not be confused with Private Mortgage Insurance (PMI). Although you pay the premiums for PMI when you utilize a zero or low down-payment mortgage option, the coverage does not protect you or your home. It’s there to protect the lender if you default on your loan. Your investment in the home and any equity you’ve built up, however, is not covered by PMI. Additionally, mortgage lenders usually require that you carry HOI up to a certain percentage of the property’s value. Coverage for your contents is up to you.
For advice and recommendations on homeowners’ insurance coverages, ask your real estate agent.
Pablo Torres is a qualified Real Estate Agent with over 10 years experience in real estate sales, due diligence and contract negotiations. Knowledgeable of South Florida neighborhoods. Currently, Pablo focuses his skills on all markets in the Miami metropolitan area.
He has the ability to understand sellers, buyers and renters needs with excellent communication. Fluent in English and Spanish with working knowledge of Portuguese. Pablo has impeccable reputation and a passion for real estate.
He graduated with a degree in International Business from Florida International University (1998) and a masters in business administration from Nova Southeastern University (2003). He had embarked on a career in commercial banking before being driven to switch to one of his passions-real estate.
Dedication, perseverance and punctuality allowed Pablo to sell different types of properties. His expertise with South Florida's cultural diversity has allowed him to sell real estate to both buyers and sellers.
Part of what makes Pablo so successful is his dedication to exceptional customer service and his devotion to their needs, whether they are buying or selling properties. Pablo has many repeat customers who cite his willingness to work long hours to resolve the toughest issues, as a reason why they stick with him. Torres integrity, attention to detail and careful handling of a transaction, exceeds their expectations. Sellers know that Pablo's extensive and personalized marketing strategies, means that their listing is seen by most buyers.
As a real estate professional, Pablo has the tools to represent your interests in virtually any transaction. Pablo's ability to interview, reason and figure out the smallest details makes every successful transaction a seamless process. Pablo is the right real estate professional to hire.