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What You Should Know about Home Insurance in the Sunshine State

Every homeowner should have proper coverage. The loss of your home to fire, flooding, earthquake, or hurricane would be devastating. If you owe money on your house, your lender probably requires that you have some sort of home insurance. It is important to know what you are insured for, and check to make sure that you have adequate homeowner's coverage. It is also important that you get multiple price estimates on your policy, so you don't pay too much. If you are looking for affordable premiums, you have come to the right place. No matter the Florida dwelling, you can find a way to protect your investment by comparing free quotes.

Why Get Multiple Quotes?

Every insurer is different. Each agency has its own formula for determining premiums, and you may end up in a more favorable insurance tier with one company over another. One example is the use of your credit score in determining home insurance rates. There are three different credit reporting agencies, and they all have different information. If someone with your name living in your city applied for bankruptcy, and it accidentally wound up on your TransUnion credit report but didn't end up on your Experian report, an insurer that uses TransUnion would probably charge you more. Other factors can also be weighted differently between companies, drastically affecting your premiums

Florida Home Hazards

Living in Florida, you are probably aware that there are some perils or dangers that could affect your property that might not affect other areas of the country. In particular, you want to make sure that you are covered in the case of a hurricane. Hurricanes can bring flooding as well. Most homeowner's policies do not cover flooding, so you will have to insure specifically against it. It is also important to note that many plans have a higher deductible for hurricane-related damage than for other types of damage. You may be required to have special wind mitigation features on your home as well, in order to receive the best pricing.

Finding the Right Quote

If you are looking for multiple price estimates, we can help you. We are not an insurer, but we work with several companies that insure homes in the state of Florida. We are able to help you get multiple quotes in order to get the best rate. In a recent comparison of home insurance prices, premiums for a $300,000 home with a $500 deductible for non-hurricane related damage, and a deductible of 2% in the case of a hurricane ranged from $1,360 with one company to $6,865 with another. With rates that varied, it pays to shop around.