Category archives: Home Insurance

Finding the Best Home Insurance in Florida

If you’re planning on buying a house or building a house in the near future, you’ll need the appropriate insurance to go along with it. Lacking home insurance in Florida simply isn’t an option. For one thing, it wouldn’t be sensible to live in an uninsured home. Countless things could go wrong, leaving you high and dry. However, you’ll never get a mortgage without homeowners insurance. No bank is going to invest in a home that could go up in smoke tomorrow and be done for. So consider the following to ensure you find the best option in Florida.

Not All Companies Are Created the Same

Obviously, much of your decision will come down to the companies in Florida that insure homes. So that’s a huge factor when comparing homeowners insurance Florida rates with someone like Large Insurance companies may offer one rate, but its competitor could give you completely different option.

Going by price alone is a big mistake when considering different homeowners insurance Florida rates. Some insurance companies may undercut their competitors, but they may also leave you with less coverage too. If anything goes wrong, what money you saved could quickly be absorbed by needing to buy new furniture, pay for damages to be repaired, etc.

Also, when it comes to Florida providers, know you need to do a little research of your own. Some of these companies could very easily be over leveraged at the moment. By this we mean they’ve insured more houses than they could pay for if something terrible happened. The real estate boom in Florida left a lot of insurance companies unable to say no to policy after policy. The problem is that hurricanes, tropical storms or floods could take out a large cross section of their clientele and they’d need to pay up. Look into whether or not companies you’re considering would have the money to own up to their responsibilities.

Consider Your Unique Property

No two home insurance policies in Florida are the same, because no two homes are. So you can be sure that any company will take a good hard look at your home before presenting you with a price for their services. Here’s the thing, though: you need to do the same. The company will be looking at your home to size it up for any potential risks. You need to look at it to ensure you actually need all the things the company is trying to sell you on in terms of coverage.

One way to do this is to check with your bank. They may be honest about the fact that they don’t care if your inland home has hurricane insurance or not, for example. However, as they’re not paying for it, they also may not care and rather have you being safe than sorry.

At the end of the day, ask around, shop around and inform any potential insurance companies that you’re actively looking for the best deal out there. This will help you get the lowest price for the most coverage.