The Homeowners insurance market in Florida is in a constant state of change. Therefore, it makes sense to have an agency to relay on. An agency that looks out for your best interest on an ongoing basis. As a client of East & Greenwell, we’ll maintain an open line of communication. If you’re interestred in a policy review we look forward to the opprotunity to earn your business and make certain you are getting the best value for your hard earned dollars.
Here are a few suggestions:
Deductibles are the amount of money the homeowner pays toward a loss before the insurance company starts to pay. If you are not likely to file a small claim, or are comfortable taking on more risk, this can be a great way to lower your overall premium.
Most insurance companies offer discounts for monitored security systems and monitored fire alarms. Gated community discounts may also be available as well depending on the company.
Newer homes are built up to a newer code than older homes and therefore they will typically get a much better rate. Homes that are concrete construction are going to be less expensive to insure than homes of wood frame. Homes that have a Hip roof will get a bigger discount that homes that do not. If you are looking at homes and want to get an idea, please call one of our professionals for advice.
Some companies will give additional discounts if you are over 55 and retired.
COST VS. REAL ESTATE VALUE
The land under the house isn’t at risk from theft, windstorm, fire and other perils covered in a homeowner’s policy. Therefore, the value of the land should not be included in deciding how much to insure the home for. Make sure the home is insured properly, but you do not want to be over insured.
At East & Greenwell, we always look at every discount that would be available and suggest the company that will be the best value for the client based on their current situation.