Two unprecedented back-to-back hurricane disasters have caused tens of billions of dollars in insured damages. Installing wind mitigation features is an effective way to reduce your hurricane-wind premium, let’s explore other essential factors which would help you gain Homeowners Insurance Premium Discounts In Florida.
1. Your location: Yes, the closer your home located to the coast, the more are the chances of loss caused by hurricane winds. The proximity of your home to the coast makes hurricane insurance premium higher than the similar homes located in other areas of the Florida state.
2. Your policy: Your homeowner insurance policy in Florida is divided into two premiums
3. Your Deductibles: Your homeowner insurance premium in Florida is inversely related to your insurance deductibles. Under the state law, the homeowner can choose 2%, 5% or above 5% deductible, depending on his or her home actual value.
Larger Deductible= Lower Hurricane Wind Premium
4. Home Improvements: The Florida state requires insurance providers to offer discounts to homeowners for protecting and securing their
The above cost effective wind mitigation measures can reduce your hurricane –wind premium substantially.
If interested, please contact our Professional Insurance Advisor at insurefloridians.com to discuss your Wind Mitigation Credits & if you could benefit from the wind mitigation certified inspection.