Finding Affordable Home Insurance in Florida

Finding affordable home insurance in Florida can really be a difficult task. Florida homeowners deal with a bevy of natural disasters, seemingly on an annual basis. Wind, storm, and hurricane damage account for the majority of claims in the peninsula state. To find affordable home insurance in Florida, a homeowner needs attack the premium from different routes.

A Florida homeowner might first look at raising their deductible, as this can shave hundreds of dollars off an annual premium. If the homeowner lives in a high wind area, they can request a surveyor to analyze their home's propensity for wind damage. The wind mitigation survey can prove valuable when the home owner's insurance company does underwriting on the home. If a person was buying home in Florida they should consider wind and storm damage as a location metric. A home that stands in the way of storms will obviously have higher insurance costs. The home's location can also benefit the homeowner, if it's located within five miles of a fire station. The homeowner would be protected in case of fire and fire prevention insurance would likely be much lower than a home with a fire station further away. Better rates may be found through insurance company loyalty programs as well. If you have car insurance through one provider, be sure to ask them for a quote on home owners insurance as well.

Companies Offering Florida Home Insurance

Before a person decides to buy from one company, they should at least obtain quotes from two to five other insurance providers. Our service can connect you with insurance quotes from companies offering Florida home insurance. The state of Florida might be a difficult place to purchase home insurance, but these companies can assist with obtaining quotes, finding the best rates, and protecting your home from anything that comes its way. A good home insurance provider will offer assistance with reducing annual premiums. Some may even suggest surveys or improvements to a home in order to reduce costs.

Types of Home Insurance Policies

There are many different risks to account for in varying regions of the states. In coastal states, insurers must be wary of wind, storm, and flood damage, along with earthquake and other disasters. Many of the plain states require less coverage for flood or earthquake, but more for fire. The type of home insurance policy you choose should largely depend on the circumstances your home will face every day.

A typical homeowners policy will cover eleven types of disasters, including explosions, riots, wind, aircraft, fire, lightning, volcanic eruptions, auto accidents, vandalism, theft, smoke, and structural accidents. Different policies include condo insurance, which would protect only the interior of the home, including the sheetrock walls, light fixtures, and cosmetics of the home, but not the foundation or structural elements. Many home insurance policies tend to include the basic disasters, but some may be extended to cover a wider range, like snow fall, water damage from inside source (i.e. burst pipes), and electrical problems, like a power surge damaging a computer or other electronic device.

When considering home insurance, be sure to ask about specific policy coverage if a disaster is of particular concern in your region. Most insurance companies are aware of the possibility of wind damage in certain areas, they may not be aware of flood prospects or other calamities that might occur. If you already have home owners insurance, you can look through your paperwork or talk with an agent to ensure you're covered for certain circumstances.

Florida Home Owners Insurance Resources

With all the risks associated with owning in a home in Florida and with the ever-increasing cost of home insurance coverage, it will pay off big to spend a little time researching your options before you select the right policy. First off, you need to understand why Florida homeowners insurance is so expensive. Some of the associated costs, like weather concerns, may be out of your hands. However, there are still a number of ways to reduce your home insurance costs. So make sure you do you homework when shopping - it can pay off big.