Insurance Advice for Florida

[Paul Pratt]

I've been seeing tons of forums about rising insurance costs. However, this should help you out if you are not already doing this. Find an agent (not all will do this) that can give you a quote based on a solid 4pt inspection (Roof, Electrical, Plumbing, HVAC). And if you already own, and have updated any of these, make sure to get and forward a new 4 pt report to your agent. I see tons of investors/residents who replace a roof, ac, etc and don't bother to update their insurer. For all you number crunchers this will save you thousands over the years. At least in my market we are seeing major savings, and if the property is older see if the projected rate is worth the fix.

Like I mentioned earlier I'm sure most of you are doing this, but you'd be surprised how many people let property updates go non accounted for by their insurers. Hope this helps!!

[Stephen Booth]

Nice tip Paul! My agent has made similar suggestions to help with pricing. He also directed me to Citizens Property Insurance for better pricing when other carriers were super high. I was getting quotes over $2000 for a 1000sqft block home and Citizens came in under half of that.