Are you wondering how to save money on Florida property insurance? While there are a lot of great things about living in the Sunshine State, trying to figure out property insurance can be challenging.

Florida’s climate brings everything from tropical storms to hurricanes to tornadoes, leaving many homeowners paying a fortune for their property insurance. Luckily, there are some things you can do to save money on your property insurance in Florida. Read on to learn more.

1. Shop Around, But Don’t Skimp

While shopping around takes some time, it could save you a huge chunk of money. Homeowner policy prices can vary greatly from company to company, so a little research can go a long way.

To conduct your research, we recommend:

  • Asking friends and family members for recommendations
  • Contacting your state insurance department (They can let you know about complaints filed against an insurance company.)
  • Calling companies directly for price quotes

We recommend gathering quotes from at least three companies. However, don’t choose insurance based on price alone. You also want to make sure you find an insurer that offers excellent customer service, as this will be crucial should damage ever occur to your home.

2. Consider Raising Your Deductible

A deductible is the amount of money you pay toward a loss before your insurance company begins to pay the claim. The higher your deductible is, the more money you can save on monthly premiums.

Most insurance companies recommend a deductible of at least $500. But, if you can afford to raise your deductible to $1,000, we recommend doing so, as you could save money in the long run. By raising the cost of your deductible to $1,000, your monthly premium will go down.

However, keep in mind that you may have to pay a separate deductible if you live in a disaster-prone area. You’ll want to take this into account when deciding whether to raise your deductible.

3. Disaster-Proof Your Home

There are some small investments you can make in your home to help decrease insurance costs. For example, you can add shatterproof glass or storm windows, or you can reinforce your roof.

You can also receive discounts for:

  • Roof coverings (Click here to learn how your roof affects your insurance costs.)
  • Roof shape
  • Roof bracing
  • Secondary water resistance
  • Reinforced doors
  • Window and other opening protections

While the initial cost of adding these features can be high, you’ll save money in the long term by decreasing your property insurance coverage costs.

4. Seek Out Other Discounts

Some companies will also offer discounts if you improve the security of your home. For example, you can add smoke alarms, dead-bolt locks, or alarm systems to receive a discount.

Some insurance companies also offer discounts for retirees, veterans, and gated communities.

Florida Property Insurance: Time to Act

Now that you know how to save money on Florida property insurance, it’s time to get started. With the above tips, you should be able to save some money on your insurance in the long run.

Check back in with our blog for more insurance tips!

For more articles keep visiting: Flashy Info

LEAVE A REPLY

Please enter your comment!
Please enter your name here