If you own a home you most likely have homeowners insurance. But how do you know that you’re getting the best price for the best coverage available in the area you live. There are a few things that need to be considered when shopping for home insurance, including the company, the discounts available, and the coverages offered.
The Company –
The options may vary depending on where you’re home is located, its construction, and the effective age of the home. Assuming you’re home qualifies for coverage with more than one company the factors to consider, include financial stability ratings, and claims rating. There are multiple rating services with information available online or through insurance agents that will give an indication as to how well a company can pay claims in the event of a disaster and also when they do pay claims how satisfied the policyholders were with the settlement and service received.
The Discounts –
The first and most effective way to make sure you’re getting all the discounts you deserve is to use a local insurance agent you trust. Discounts are different from company to company and change regularly. Discounts can be available for the age of your home, updates you’ve made, security systems, construction materials used, roof shape, having a flood insurance policy, and in Florida the biggest discount comes from measures taken to mitigate hurricane damage such as shutters.
The Coverages –
Not all policies are created equal. Some companies include coverages in a “base” policy that others do not. This is another situation where a trusted and experienced insurance agent’s knowledge is needed. Although the main coverages and deductibles on the policy may be comparable, the riders and endorsements will make all the difference when faced with a claim. Will losses be depreciated? Is there coverage for jewelry? What if the sewer backs up into the house? These are just a few of the many coverages that may or may not be included in a standard policy. Always be sure to ask what coverages are optional and can be added to the base policy. Not all of the additional options may be needed but at least you will know what is a available and won’t be surprised when there is a claim.
When it comes to homeowners insurance in Florida the most important thing is knowledge. There have been many changes in current years and neglecting to stay up to date could be a costing you money.
For more information and quotes from a licensed insurance agent contact State Insurance Agency in Palm City, FL by calling 772-426-9933 or visit them online at http://www.StateInsuranceGroup.com.