8 Ways to Save on Home Insurance in South Florida

SHOP AROUND

Different homeowner’s insurance companies base their rates on very different factors. Since no two risks

are the same, if your friend or neighbor has the cheapest price with Company X, it doesn’t mean you will too. The only way to find the carrier

with the best rating and pricing specific to your situation is to reach

out to as many as possible.

The easiest way to shop multiple carriers is through an independent agency like ours. An independent

agent works for customers to find the best rates and can get you multiple quotes without any of the hassle!

DON’T INSURE TO THE MORTGAGE

In many cases, you only need to purchase enough insurance to pay for the cost to rebuild your home from a

worst-case scenario like a whole-house fire.

This dollar amount can be much lower than the amount you actually

owe to the bank since property costs include the value of the land, not just the structure of the home you buy.

Although the bank may urge you to buy homeowner insurance for the value of your mortgage, in many

cases they can’t require it.

INSTALL A CENTRAL SMOKE DETECTOR SYSTEM

You probably already have smoke detectors in your home (by the way, when did you last check them?), but

some insurance companies will provide more discounts if you install a central smoke detector system which

integrates with the wiring of the house and may notify the fire

department in the event of an alarm.

Check with your agent to determine if a central smoke detector will help you save even more money on insurance.

QUIT SMOKING

Although saving money on insurance isn’t going to convince most smokers to quit, it would be a great benefit to doing something that will add years

to your life!

If you quit smoking since the time your insurance policy went into

effect, you may want to notify your carrier and make sure they are aware

of it.

RETIRE

Since retired individuals tend to spend more time around the house and would be quicker to notice the building on fire or deter a burglar, it

will save you money.

The cost savings on your insurance won’t justify an early retirement, but it’ll be nice when the income is less

consistent.

If you retired since the inception of your policy, let your agent know

about it, you’ve got the time!

PAY ON TIME

Insurers don’t like to get paid late, do you? Many will even tack on

additional surcharges or take away discounts if you are late on a

payment.

Make sure your home insurance policy always gets paid on time, even if your mortgage company is handling

the payments directly.

RENOVATE PLUMBING, ELECTRICAL, OR HEATING SYSTEM

Especially if you live in an old home, having a major renovation done to

your property can reduce your insurance costs.

BE CAREFUL: If your renovation work is not done by a licensed contractor,

you may have trouble with your insurance carrier and they may even drop you! Check with your carrier

beforehand.

DON’T FILE SMALL CLAIMS

Homeowner’s insurance exists to save you from being wiped out entirely, not from getting a large bill. The

decision to file a claim depends on repair costs, how quickly the damage needs to be fixed, and how much you

can afford to pay out of pocket. It should NOT depend on your belief

that “since I’ve been paying all these years, I may as well submit a claim”.

BE CAREFUL: If you don’t file a claim and don’t repair damage and things

get worse, you may face a much larger claim that your insurance

company could deny and getting your insurance cancelled.

We Insure - Pembroke Pines, FL

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8996 Taft StreetPembroke Pines, FL 33024

(954) 431-9423