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.