Are You Looking For Cheapest Homeowners Insurance Rates In Florida?

Many Florida homeowners are aware of the basics of covering their home under homeowners insurance policy but aren’t aware of certain hidden factors that might affect their cheapest homeowners insurance rates in Florida. In this blog, we are going to make you aware of those hidden factors that affect your insurance rates and you must know about it. Let’s have a look below:

1. Marital status

You might be thinking of how marital status could affect homeowners policy  rates but a recent research conducted by insurance experts in Florida have pointed out that married couples historically file fewer insurance claims as compared to singles. They are more mature in understanding that not every loss demands to be claimed and thus are less of an actuarial risk by insurance companies.

2. Dog breed

The liability portion of your homeowners policy in Florida protects you if you’re sued by someone who got injured or bitten by your dog. But there are limitations for those homeowners who have pit bulls, Rottweilers, and other dangerous breeds, as specifically specified by III. If your policy states that you will not be protected under the liability clause if such dangerous breeds attacked someone i.e. friends or guests in your house than you cannot file a claim under your policy.

3. Insurance score

Similar to credit score, your insurance score also significantly affects your cheapest homeowners insurance rates in Florida. This is because people with low scores are viewed as a high financial risk by insurance companies, similar to the way lenders look at those who have poor credit history.

To ensure a good insurance score, the Insurance Information Institute has suggested three steps which are similar to maintaining a better credit history.

  • Never have a bankruptcy on your record
  • Never have a tax lien
  • Be sure to pay credit card balances in full each month.

Lynne McChristian, Florida representative for the III said: “It’s about knowing your risk, and what you can do to minimize that risk.”

Contact Diverse Insurance Group For Cheapest Homeowners Insurance Rates In Florida

We welcome all Floridian homeowners to get their best homeowners insurance policy from us at the cheapest homeowners insurance rates in Florida. Our leading homeowner’s insurance platform offers you flexible options for insuring your beautiful home in Florida. If interested to know more about us, please visit now.