Florida Home Insurance By: Ricky Sternfeld

Why is Florida Homeowner’s Insurance Important?
In addition to protecting the property and the items within it, homeowner’s insurance can protect the property owner against certain liabilities. For example, if someone were to become injured while on your property, this type of insurance could offer financial protection for you and your family. Often, homeowners insurance will cover the medical costs associated with any injury occurring to someone not living in your household while they are on your property.
Types of Homeowners Insurance Coverage in Florida
There are several different forms of homeowner’s insurance coverage available in Florida. These forms include:
• Basic Coverage- This most basic of coverage levels works to protect against the basic natural disasters or perils, typically including fire, smoke, lightning, vandalism, and theft. In some parts of the country, flood coverage or even earthquake coverage may be available, or excluded depending upon your geographic location.

• Basic Extended- For a level of added coverage, some homeowners add extra features to their basic level of coverage. Some of these features could protect the property against building collapse, water damage, and falling objects. Be sure to discuss available additions to your policy with your homeowners insurance company.

Additional Florida Homeowners Insurance Options
While most individuals and families will elect to cover their property with some level of basic coverage, most will consider additional insurance options to further protect their personal property. For example, if you live in an area which is particularly susceptible to tornadoes, floods or earthquakes, it is advised to add these riders when available to your basic policy.
If you are renting or have purchased a condo unit, your homeowners insurance policy will not be covering the actual structure itself, but the contents within it. Consider the replacement value of your property, create a detailed log of all of the items and then choose the corresponding level of personal property riders to cover your items.
How to Reduce your Florida Homeowners Insurance Rate
If you are like most people, you are interested in learning how to reduce your Florida homeowners insurance rate. Here are some of the most common methods for reducing your annual financial obligation:
• Discounts- Most homeowners insurance companies offer discounts for paying annually versus monthly, for combining multiple insurance policies together with the same company and even for paying via bank authorization instead of a check. Discuss discount options with your chosen homeowners insurance company.
• Increasing the deductible- Most financial professionals suggest choosing the highest annual deductible amount you can afford, as your homeowners insurance premium amount will be reduced.
• Always shop around- Compare the rates of several homeowners insurance companies before making your final selection. And, be sure to shop rates annually, as things can change within the insurance company and within your personal financial situation that may cause rate changes.

Now that you understand the importance of obtaining homeowners insurance in Florida and some of the basic considerations you should have, it is time to take the next step to choose a policy. Be sure to check with multiple insurance companies for rate and feature comparison before making your final homeowners insurance policy selection.

Ricky Sternfeld is an insurance agent in the state of California and he helps his clients get the best rate for Florida Home Insurance. He uses RateElert.com, a site that allows him to combine the power of the internet to match the best rate for auto insurance for his clients.

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