How to Pay Less Homeowners Insurance in Florida?
First of all it is important to know what is homeowners insurance and why you need it.
Homeowner Insurance is an insurance that protects the homeowner from "casualty" (losses or damage to the home or personal property) and from "liability" (damages to other people or property). Homeowners insurance is required by the lender and is usually included in the monthly mortgage payment.
Most of the time home insurance is included on condo's association fees. Ask your homeowner association about it.
I live in Pembroke Pines Florida for over 10 years. I have been paying a lot of money on home insurance and I recently had a $600 dollar decrease on my homeowner insurance.
You may be able to save even more on home insurance if you own a home that meet the criteria that the home insurance companies require. You need to have a roof that meet the standards requested withstand hurricane-force winds and a few other things that a home inspector will tell you.
It is easier than you think, and most of the time you will have a big break on your Florida homeowners insurance. I hired a certified Florida home inspector and I paid him $200. The inspection is good for the next 5 years and my homeowner insurance dropped over $600 per year.
There is also a company called My Safe Florida Home that offer FREE inspection of your home.
Beginning November 1, 2007, the wind inspection firms will provide a completed Uniform Mitigation Verification Inspection Form (OIR-B1-1802) to homeowners who receive a free wind inspection through the our program. The form will be signed by the inspector who conducted the inspection. Homeowners are to forward these forms to their insurance carriers.
One of the benefits of receiving a free wind inspection through the My Safe Florida Home program is identifying the potential insurance savings available to you based on the current structure of your home. Many insurance companies provide discounts or credits for construction features proven to reduce damage from hurricanes.
If you have any questions or experience problems in accessing potential discounts or credits, please contact their Department of Financial Services' help line at 1-877-MYFLCFO.
It is worth it and you can definitely save a lot of money on your Florida homeowner insurance.