How to lower your South Florida homeowner’s insurance rates
As a homeowner, one of the most important investments you can ever decide to take advantage of is comprehensive and complete South Florida homeowners insurance.
Not only will this kind of insurance policy protect you, your loved ones, and your property in the event of anything happen tool or on your property, but it will also give you the peace of mind and confidence you need to know that everything will be all right in the face of a natural disaster or man-made emergency.
At the same time, most of us cannot afford to spend an arm and a leg every single month on our South Florida homeowners insurance premiums – which is why we’ve created this guide to helping you lower those prices.
Newer homes (and newer construction) have lower insurance rates
One of the most important things for you to understand is that newer homes (or homes that have newer construction and renovations) are almost always going to enjoy lower insurance rates.
While it might not seem like it makes a whole lot of sense to spend extra money on a renovation to lower your insurance rates, depending upon just how much you are paying for your South Florida homeowners insurance this might be the smartest and savviest decision you make.
On top of that, you’ll be able to enjoy new or freshened up spaces for years and years to come!
Your premium will almost always be dictated by the materials used to construct your home
Secondly, you’ll want to focus on the construction materials that were used to build your home, as they will have a major impact on the price is that you are asked to pay.
Wood homes are going to have higher premiums than those that are constructed out of block or brick, as those made out of block and brick are deemed to be stronger construction materials when faced with any of the different circumstances that could damage or destroy a home.
It may be too late to go back and swap out all of your wood framing for masonry construction materials, but if you are considering a new renovation or a new addition, make sure that you are building and out of high quality and durable materials that will lower your insurance rates dramatically.
Don’t be afraid of shopping around for a better offer on an annual basis
Finally, you’ll want to do absolutely everything you can to readjust your insurance rates on an annual basis. Not only will shopping around for better offers regularly give you the very best deals each and every year, but it will also give you a lot of negotiating power with your current insurance company – especially if you have a track record for making them aware of the fact that you are shopping your business.
Obviously, you cannot be afraid to “pull the trigger” on a better deal if it comes along, but you might be able to bluff and negotiate for more favorable terms from your current provider then you would have been able to otherwise.
If you are living in Florida then no doubt you are probably paying for higher insurance than the rest of the state. This is not your fault it simply is the nature of the insurance industry in this state. Essentially this is due to the requirements by the state to willing pay for personal injury protection (PIP) in this state. This is something that as a person who is buying auto insurance florida you should be cognizant about because it causing you to pay more than most people in other states. Essentially, the reasoning for why consumers have to pay personal injury protection because for many in Florida this is the only kind of health insurance citizens have.
There have been attempts to make insurance cheaper in this state while still maintaining the personal injury protection in Florida. In 2012 the state essentially eliminated massage and acupuncture services from the list of treatments that the insurance covered. However, just because these services have been eliminated hasn’t eliminated the high price tag of insurance in this state.
The origin of personal injury insurance in Florida began in the 1970s as a way to cut down on lawsuits and to get injured parties their money as quickly as possible. In theory it seems like a very good thing… however like all things with good intentions people figure out how to manipulate and cheat the system. There have been a number of lawsuits surrounding the issue of personal injury insurance and not to mention acts of fraud surrounding the insurance.
Auto Insurance in Florida is very, very cost prohibitive since essentially drivers are going to pay two-times what most average income households pay in the country. Florida ranks as one of the top 10 for cost in auto insurance. However, that does not mean you have to feel accept any old insurance. You can use ingenuity when it comes to searching for new insurance. Shopping online is a great way to compare deals and it is always good to get quotes from multiple sources.
There are many different insurance options as well. Sometimes the internet can seem like an attractive option when shopping for insurance but at times it can be confusing trying to navigate and figure out exactly what is required and/or wanted included in your insurance policy. If this is the case with you it may be in your best interest to consult with an insurance agent who can lay all your needs out for you.
One such option to consider when shopping for insurance is personal liability and property insurance. This insurance covers damages done by you in your vehicle as well as if you injure or kill someone. This is insurance is typically the cheapest available and usually doens’t cover much. However, if you are someone on a budget it is a good option for you to consider. In today’s fast paced world everyone needs a car but sometimes they are very hard to afford.
There are few topics which spark more intrigue and debate in our modern political atmosphere than the matter of health insurance. No matter what your stance is on the latest legislation on the matter via Obamacare or, for that matter, the challenges, legal and otherwise, that have been lobbied against health care reform, chances are you’re going to need to come face to face with the new realities of the health insurance issue at large. Nowhere is this truer than in the Sunshine State itself. With both a high population of youngsters and elders alike, there are few states that are more of a showcase for the new, emerging social side of health insurance culture.
It may be difficult to imagine something as seemingly inane as health insurance as being a social symbol, but it’s rapidly becoming true. How is health insurance in Florida becoming a social phenomenon?
Here are just a few of the social implications behind the current health insurance climate.
- 1. SOCIAL STATUS: It may seem strange at first, but after all, why not? Social status has always been based around items which are both pricey and limited—and that, for better or worse, describes the nature of health insurance in the US right now. Put yourself in the shoes of a prospective mate—wouldn’t you want to have the security of knowing your partner had health insurance, and would be able to transfer that protection you and any future children. This is an attraction that holds true across gender lines. For example, as ehealthinsurance.com reports, as many as 66% of women would be less likely to date a man without health insurance. The opening lines of Jane Austen’s Pride and Prejudice might warrant a bit of editing—“It is a universally acknowledged truth that a single man in possession of a good fortune must be in want of a wife—and health insurance.”
- 2. MINIMIZED COSTS: Whichever side of the fence you’re on, it’s a truth that both rights true for Floridians and is likewise “universally acknowledged” that it’s extremely expensive to afford medical procedures without health insurance. This is true for individuals—who can pay hundreds or even thousands more when they’re not covered—and for medical centers as well, as it can be costlier to treat patients lacking health insurance. All in all, that’s more money being blown on health care and insurance costs instead of spending it on a fine bottle of merlot to share with that special someone on one of Miami’s sumptuous beaches.
- 3. RISK: Speaking of wine and good times, Florida is, of course, famous for fun in the sun, and indeed, fun after dark. As a party-happy state, Floridians know all too well the tenuous cross-section between risk and reward. A little risk? That can be exciting. Risking your health without coverage? Not so much.
- THE FUTURE: If you’re planning on anything more than a quick fling with a date, chances are that person’s going to want to think about the future. Having health insurance in Florida isn’t just a way to ensure your physical health, but the long-term health of your love life as well.