Florida Homeowners Insurance Help!
09-27-2021 | 09:16 AM
#41
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Joined: Jul 2011
Posts: 5,174
Likes: 302
From: Clearwater, FL
^^^^ all good info. The link I posted yesterday was about the overhaul in the Flood insurance pricing, only one place to buy that.
The windstorm info is 100% correct but they are even getting weird about old roofs. If the roof is too old they won't insure it (knowing a tropical storm will likely cause it to leak).
The interior valuables is way way way overlooked by most people. My former agent had my interior contents insured for 200K! Now when you actually read your policy, start with what is NOT covered (tools, guns, electronics past $2000 total, art, jewelry, oriental rugs etc). So now what do you have left: couches/tables/bedroom sets? That junk isn't worth 200K. My current insurance guy says most homes you could refurnish for less than 50K (chain furniture stores like Rooms to Go type stuff).
The windstorm info is 100% correct but they are even getting weird about old roofs. If the roof is too old they won't insure it (knowing a tropical storm will likely cause it to leak).
The interior valuables is way way way overlooked by most people. My former agent had my interior contents insured for 200K! Now when you actually read your policy, start with what is NOT covered (tools, guns, electronics past $2000 total, art, jewelry, oriental rugs etc). So now what do you have left: couches/tables/bedroom sets? That junk isn't worth 200K. My current insurance guy says most homes you could refurnish for less than 50K (chain furniture stores like Rooms to Go type stuff).
Keep minimal contents coverage and place items you care about as scheduled (my finances ring for instance and both our watches).
Also as said a lot of company's including our is removing home with roofs over 10 years old as they are a liability and pose a high risk to the company. So a lot of non-renew being sent out to reduce exposure.
09-27-2021 | 09:39 AM
#42
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Joined: Aug 2010
Posts: 2,227
Likes: 547
From: Cape Coral FL
Mine is not crazy money like a lot of you are paying, but it went from $822 to $1823 over night. I just got a quote from my State Farm agent whom I have my vehicles insured and it was $1807, but with around 100K more coverage.
