Homeowner Insurance Premiums Dropping in Florida

Florida homeowners are saving hundreds of dollars on their property insurance premiums thanks to increased coverage options and their own efforts to claim discounts from getting a wind mitigation report on their homes' storm resistance. Many customers are seeing a 10 to 20 percent drop in premiums from just one year ago.

Local insurance agents are saying the property insurance market today is very different from just a few years ago, when homeowners might only have found one company willing to write coverage in their area. Basically it was a take it or leave it scenario. Today however, most folks have the opportunity to choose from between three to five options as market forces have increased competitive pressures and brought homeowner insurance prices down.

The wind mitigation reports are really making a difference. Just remember that the discounts can vary widely depending on the location and age of the home and the windstorm mitigation efforts that are being claimed - storm shutters, roof connections, building construction, etc.

So be sure to shop around and review the insurance coverage being offered carefully. You may just save yourself a nice chunk of change.

Gulf Coast Associates, Realtors specializes in upscale Florida real estate in and around Cape Coral and Ft. Myers. Contact us today at 888-617-3674.

• Rate this Post!

  Select Your Rating:

  • 5 Stars (Excellent!)
  • 4 Stars
  • 3 Stars
  • 2 Stars
  • 1 Stars (Poor)

• Share this Post

  Share With A Friend:

  Your Name Your Email

  Friend's Name Friend's Email

  Optional Message

  Send

• Print
• Social Bookmarking

  Add to Bookmarks: