Archive for the ‘Insurance’ Category
Where to Get Cheap Florida Condo Insurance
Thanks to global warming, hurricanes, floods, fires, and other natural disasters are on the rise. And robbery and vandalism in Florida are at an all-time high. So if you own a condo and don’t have Florida condo insurance you risk losing everything you own. Here’s how to get cheap Florida condo insurance with an A-rated company.
Florida Condo Insurance
Most condominium association insurance policies only protect the condominium structure. It doesn’t protect your personal property or provide you with liability insurance.
Here’s what standard condo insurance covers:
Your Property
Condo insurance pays to replace your personal property when it’s stolen, or when it’s been damaged by fire, smoke, vandalism, natural disasters, or plumbing leaks. Condo insurance covers your property even if it’s stolen or damaged at a location other than your condo. Standard condo association insurance covers your interior walls, carpets, and ceiling.
To determine how much property coverage you need, take an inventory of your personal property and use the total value as your insurance amount
Your Assets
Condo insurance pays for another person’s bodily injury medical bills and property damage bills when you or your family are found to be at fault. It also pays for your legal fees.
You should have enough liability insurance to cover all your assets – savings accounts, CDs, stocks, bonds, etc. – in case a lawsuit is filed against you.
How to Get Cheap Florida Condo Insurance
In order to get the best price on Florida condo insurance you need to get quotes from a number of insurance companies. You can do this quickly and easily by visiting an insurance comparison website.
Insurance comparison websites work with large insurance companies who bid for you insurance business. At one of these sites you fill out a simple questionnaire with information about your condo and the type of insurance you want, then you receive quotes that you can compare.
The better insurance comparison sites have an articles section where you can get money-saving tips, and a chat feature where you can talk with an insurance professional so you can ask questions and get insurance advice (see link below.)
Before you visit one of these sites, check with your condominium association to find out what they cover, and have your current condo insurance policy handy to help answer any questions on the site’s questionnaire. As you fill in the questionnaire make sure to request the highest deductible you can afford, and all the discounts you’re eligible for, in order to get the cheapest quote.
How to Get Cheap Homeowners Insurance in South Florida
Cheap homeowners insurance in South Florida. You may think such a thing doesn’t exist in this state that has been regularly battered by hurricanes in the last few years. But with a little remodeling and a little comparison shopping, you can find cheap homeowners insurance in South Florida.
Prepare Your Home
One of the keys to cheap homeowners insurance in South Florida is to take advantage of all the insurance discounts that are available to you. For example, you can get discounts for installing:
* Hurricane shutters
* Impact-resistant windows
* Hurricane-rated entry and garage doors
* A stronger roof
Raise Your Deductibles
Another way to lower your homeowners insurance premium is to raise your deductible for perils such as hurricanes. The deductible is the amount of money you pay toward a claim before your insurance company pays. The higher your deductible, the lower your premium.
Most insurance companies recommend you set your deductible to at least $500, but if you can afford to raise your deductible to $1,000, you may save as much as 40% on your yearly premium.
Shop Around
Many South Florida homeowners are finding that their insurance premiums are increasing or that their homeowners insurance isn’t being renewed. Many large insurance companies are not writing new business in South Florida.
However, you can find smaller, independent companies that are still accepting business, and offering rates you will find to be astonishingly low. In fact, by comparison shopping for homeowners insurance, you can save thousands of dollars a year.
Of course, you also want to be sure that the insurance company you choose is stable and financially sound. You don’t want to choose a company that will be unable to pay your claims should a disaster strike.
That’s why the best way to shop for homeowners insurance for your South Florida home is to go to an insurance comparison website. On such a website you’ll fill out a form with information about your home and your insurance needs. You’ll then receive quotes from multiple A-rated companies and you can choose the best one, with the assurance that all the companies you’re comparing are sound and stable.