If you own a home, whether your primary residence or seasonal, you need the protection of a homeowners insurance policy. A well-written homeowners policy will pay to replace any of your personal property that is destroyed in a fire or other disaster, as well as the structure of the home itself. The policy will also be your first line of defense against a lawsuit from someone injured at your home.
The cost of this coverage is determined by many rating factors, including the age of the home, the size of the home, where it is located in proximity to salt water, the age of the roof, whether updates on an older home have been made and many other factors.
Other things to take into consideration apply, such as deductibles, whether loss settlement on contents is to be based on Replacement Cost (what the cost of the articles damaged will cost to purchase today) or Actual Cash Value (purchase price less depreciation), and other factors.
In Florida most insurance companies require an insurance inspection on homes older than twenty-five years. The inspection, known as a four-point inspection, includes inspection and photos of the roof, electrical system, heating and cooling systems and plumbing.
In addition to the four-point inspection, if you have a newer roof installed in 2002 or later, we recommend a wind mitigation inspection. Some of our clients have saved hundreds and even thousands of dollars per year just for providing this inexpensive inspection. Contact us to find out how to arrange it.
Quality of coverage is determined by the quality of the insurer and whether the policy is written on a named perils or all-risk basis AND the coverage chosen at time of purchase of the policy. A named-perils policy covers only those losses specifically cited in the contract. The all-risk policy works the opposite way — unless a peril is specifically excluded, coverage is provided. The all-risk policy is broader and the burden of proof is on the carrier, not you, in the event of a loss.
Wike Insurance offers free, comparative quotes on homeowners insurance from multiple insurance carriers so you can get the best possible rate.
Want to see how much we can save you? Just request a quote to find out.