Dianne Drinkwater, Berkshire Hathaway Homeservices Florida Network RealtyPhone:
Email: [email protected]
Email: [email protected]
Loss of use coverage is part of every standard homeowners insurance policy. While other portions of the policy help pay for repairing your home if it’s severely damaged, loss of use coverage is there for your everyday living expenses while the work is done.
Unfortunately, major home repairs can’t happen overnight, and simultaneously your expenses can increase dramatically. Loss of use coverage can help support you financially until you’re able to move back into your home.
To help you learn more about how home insurance works, here is a basic guide to what your loss of use coverage includes:
Loss of use coverage includes additional living expenses, or ALE, to help you maintain your normal standard of living while temporarily relocated. The details can vary from one provider to the next, but these are the major types of expenses you can claim from insurance:
Loss of use coverage also provides financial support for loss of rental income. If a room you normally rent out is damaged, fair rental value coverage can temporarily pay rent on behalf of your tenants. Therefore, you’re reimbursed for the payments you would otherwise lose.
One important thing to remember about the fair rental value coverage is that it only covers the rent payments and not the tenant’s personal property. This will be covered by the tenant’s own rental insurance policy.
Loss of use coverage is included automatically in most homeowners insurance policies. However, things like limits and exceptions can vary among providers. The more you understand about the details of your coverage, the more prepared you will be in case you ever need to file a claim.
Dianne is a full time, full service, state licensed Realtor®, member of Northeast Florida Regional Association of Realtors® (NEFAR), St. Augustine/ St.Johns County Board of Realtors, National Association of Realtors® (NAR), Florida Association of Realtors® (FAR), and Northeast Florida Regional Multiple Listing Service And St. Augustine/St. Johns (MLS), Shearwater Certified, and Military on the Move Designation.
She provides a unique blend of leadership, sales acumen, project management, technology, and world class customer relation skills to enhance Watson Realty Corporation's values in the real estate sales and mortgage marketplace. She is a decisive take action solution-oriented professional with 25+ years of progressive business experience who efficiently utilizes technology to improve results. She has lived in the St. Augustine/Jacksonville area since 2005 and has seen the area continue to flourish and stays well informed of future growth plans within Northeast Florida.
Let's take a look at the lighter side of Dianne. She loves life is artistic loves music, the arts, yoga and genealogy! She loves to explore and hates to be bored. She loves the outdoors, especially plant life and wildlife. She has been a Master Gardener in Florida and Maine; as a photography enthusiast she has the eye to spot the perfect shot, which spills over to the photos she makes of the properties she markets AND frequently hires the best specialized real estate photographers/drone and videographers who make the difference in the sale. And, she loves to share her knowledge of the local real estate market and all aspects of the process to guide you through each step as a coach rather than a salesperson.
So, let's sum it up. Buying or selling your home is an important life decision. Reasons can vary greatly from change of lifestyle, to relocation or life challenges. You need someone you can trust, count on, respect and help shoulder the stress, anxiety and time commitment involved. Doesn't this sound like someone you want working for you?
So, what's the next step? Contacting Dianne of course. It is all about YOUR needs, goals, timeline and DREAMS! She's here to help you achieve them and she looks forward to hearing from you.
What are you looking for in a Realtor? - Someone who will really listen to your wants and needs? Someone who will expertly market your home until the SOLD sign adorns your front lawn or if you are a buyer tirelessly researches your wish list to find that perfect home? - How about someone who will always be honest, holds ethics in high regard as a realtor, who works aggressively to get you the best price for your home and someone who knows the market?
Selling or buying a home is a partnership with your trusted advisor- Dianne Drinkwater