Check this Florida Homeowners’ Insurance Toolkit out an easy way to understand the coverage. Florida residents know firsthand that it pays to plan ahead. Dealing with wildfires, floods, tornadoes, hurricanes, winter storms, sinkholes and other disasters, can drastically change our lives. Individual losses such as a home burglary, kitchen fire, or a lightning strike can also disrupt our daily lives. Homeowners’ insurance helps pay to repair or rebuild your home and replace personal property due to a covered loss.