Florida homeowners insurance

Find a Better Deal on Insurance

Sunday, September 30, 2012

Occasionally our agency receives emails with the frustration of increasing homeowners insurance rates. 

For example;

Dear PremierHomeownersInsurance.com,

My home insurance policy is up for renewal in a month and my current agent doesn’t represent my current insurer anymore.   We are in the process of shopping around for a cheaper rate that will offer similar coverage to what we have in place.  Will I be-able to find a better rate for my house?  What can your firm do for me?  Many of the other local agents I have called said they can’t help me because many of the zip codes are closed in Florida due to Hurricane season.  Is this true?

Sincerely,

Cindy

Dear Cindy,

It is a fact that many of the Florida homeowners insurance carriers close certain zip codes during the Hurricane season because they do not want to take the chance of serious losses from a large storm.   We know many insurance companies are being highly selective in the amount of risk they are willing to take in certain areas of Florida.  With the carriers slowing down in the process of writing new business, claims on the rise, rates on homeowners insurance tend to increase every year. 

I’d suggest you let one of our experienced consultants at PremierHomeownersInsurance.com help you minimize your future out-of-pocket costs at claim by shopping all of the top rated carriers in the state.  We will not just find you a better rate, but also offer expertise in a variety of coverage’s.  Having a quality agent with experience can truly help you through this process of getting the coverage you need. 

We will be-able to find you a better rate with more coverage, comparison shop all of the carriers in Florida and even get multiple options for you during Hurricane season.  It doesn’t cost you any money to work with an experienced agent like us.  Give us a call today at 1-800-554-9142 to and get started in our easy process to getting quality coverage today!

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State Farm approved to raise Florida home insurance rates 6 percent

Friday, September 28, 2012

Ponte Vedra Beach, Florida – State Farm Florida Company is the third largest insurer of houses in the state.  It looks like their rates are going up again!  On average, State Farm rates in Florida will go up by  6 percent this year.  If you have a home insurance policy with State Farm, it might be time to start shopping again to find a better rate.  If you want to compare all of the top rated carriers in Florida, give us a call today at 1-800-554-9142 and we will make it easy for you to find a policy that saves you money.

State Farm has been increasing their rates steadily in Florida since 2009.  This is the fifth rate increase that was approved by the state in the last three years.  In many instances, State Farm clients will also have to review higher deductibles for their Florida home insurance policy.  It looks like some of the out-of-pocket expenses for claims will be rising from $500 to a minimum of $1000 on the majority of homes insured by State Farm.   This increase was recently approved and posted by the Florida Office of Insurance Regulation.

We all have been following Citizens Property Insurance their proposed rate increase of 10 percent.  Citizens, the largest insurance company of homes in Florida, are looking for creative ways to make the Florida marketplace better.  We will see what the state and Citizens comes up with in the near future for FL homeowners. 

State Farm initially asked for even higher rates in Florida, asking for a 15 percent increase in premiums on average.  Have you received your letter of increase from State Farm yet?  If not, I’m sure it will be on the way very soon.

Florida homeowners insurance rates have been skyrocketing over the past several years.  Many of the reasons include, inflation on the costs to rebuild houses, increases in re-insurance premiums and a “hurricane history that has proven this to be a very unprofitable market for property insurance, “ said Lynn McChristian, the Institute’s Florida representative.

It doesn’t matter whether you have State Farm, Citizens, or any other carrier in Florida.  We can help you save time and money when it comes to insurance.  Give us a call today for a FREE policy analysis, 1-800-554-9142.

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FL Regulators Holding Hearing On Home Rates

Tuesday, September 25, 2012

Orlando, Florida - There are many Florida citizens that are coming together in opposition of the most recent proposed rate increases offered by Florida's biggest homeowners insurance company. A public hearing was held in Miami, Fl by regulators trying to appease lawmakers and consumers of the Sunshine state. 

A New Port Richey, Florida Republican, Senator Mike Fasano, critiqued Citizens Property Insurance Corp for the recent increase in premiums.  He believes that Citizens raised premiums without going through the proper rate approval process.  Additionally, he cited the re-inspection program that has revoked discounts to many Floridians for strengthening their houses against natural disaster. 

Senator Fasano also complained about the out of line spending that Citizens officials were engaged in, including, expensive trips, hotel rooms and meals. 

"Citizens has filed a premium rate increase that, given they myriad negative circumstances surrounding this insurance company, is not warranted and, frankly, is the epitome of arrogance," Fasano said.

The CEO of Citizens, Barry Gilway, said that company officials always follow state law when they propose increases.  They are just trying to put the company on track to make sure they have enough money to pay for future disastrous claims. 

"We're not the enemy, "Gilway said.  "We're hired by and work for taxpayers and it's our obligation to do our very, very best to keep rates as affordable as possible."

We at PremierHomeownersInsurance.com would like to get any feedback available Floridians.  Please give us your thoughts on Citizens and how we can improve the homeowners insurance policies offered in our beautiful state.  Comment here today!

 

 

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Florida Wind Policy

Thursday, September 13, 2012

Do you have a wind policy provision on your Florida Homeowners Insurance Policy? Make sure you take your time to find the best wind policy for your home. You need great financial protection for the various natural disasters that occur in Florida on a regular basis. Is your home located on the coast? If so, hailstorms and hurricanes will probably pop up every year. Make sure you have enough coverage to replace your damages from a strong wind storm with a quality Florida wind policy.

DO I NEED A FLORIDA WIND POLICY?

A wind policy covers your home in the event damages are caused due to storms like tornados and hurricanes. Big natural disasters happen and you as a homeowners can’t afford to not have proper coverage. The most common type of damage from a Florida hurricane is replacing the roof of your home. Unless you want to shell out 25k for a new one, just get a policy to cover it.

Get more detailed information in our glossary of homeowners insurance terms today. We have a wealth of information posted regarding why you need a wind policy in Florida. If you would like to get quotes for a new wind policy, please complete our easy to use quick quote form here.

 

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Guaranteed Replacement Cost Estimator In Florida

Thursday, September 13, 2012

When independent insurance agents are helping you shop for a new Florida homeowners insurance policy they will most likely be using a guaranteed replacement cost estimator to figure out how much coverage you will need to rebuild just the other structure of your house.  When I chat with consumers and clients they always think that they should have more coverage then they actually need to replace their homes structure because many think that the value of the property is included in the replacement cost.  If your agent didn’t use a replacement cost estimator when they offered to get you a homeowners policy, please give us a call at 800-554-9142 at your convenience.    We would love to run your home through our replacement estimator so you know that your home is covered for the correct amount of protection. 

How does one know how much cover to purchase for a home if they didn’t use a replacement cost estimator?  As an educated consumer, you most know that the first step toward getting a policy to cover home is determining the insurability of your home.  We will either need to get a copy of your current policy to do an analysis or we will have to ask you bunch of detailed questions to obtain the best, most accurate quotes for your home.  Some of the items we will need to ask for in order to build your quote would be the following:

  • What Year Was Your House Built?
  • Have You Replaced Your Plumbing?
  • Have You Updated Your Roof?
  • Do You Have A Hip Roof?
  • How Many Square Feet Is Your Home?
  • Had A Claim In The Past 10 Years?
  • What Is The Physical Address?

The Majority of agents in Florida use the cost estimator tool to understand the estimated replacement of your home in case of a future loss on claim.  This must be used when developing the quotes for your house or condo in Florida.  It traditional name for this is guaranteed replacement cost estimator, but you might see agents just call it replacement cost now. 

Remember our conversation earlier.  An insurer in Florida do not want to insure the ground your home sits on.  If you buy a home for $300,000, it could be that $50,000 to $75,000 is the value of the lot of land.  The other $225,000 to $250,000 would be the estimated replacement cost to build a new home.  Do not try to over insure your home because many of the carriers doing business in Florida do not find that appropriate.  Give us a call today If you want to get an accurate replacement cost of your home.  If you are too busy to call our office, feel free to get FREE online homeowners quote with our easy to use quote engine today!

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Florida Homeowners Insurance Policy Analysis

President Barack Obama put into position the American Recovery & Reinvestment Act of 2009 that authorizes a brand new tax credit of up to $8,000 for certified first-time Florida homeowners insurance buyers.  You need to hurry up and make the most of this program since it will disappear starting December 1, 2009.  You only have a few months left to get pre approved from the mortgage loan provider to get a new loan.  Upon your financing acceptance, be sure to shop online for the top home insurance insurance plan available.    The internet gives you the buyer to shop for home insurance coverage on the web from the convenience of your lazy boy.  Be sure to compare quotes from a minimum of five of the top rated Florida home insurance companies in the state today.

FLORIDA HOME INSURANCE COVERAGE QUOTES MADE SIMPLE

With Florida’s joblessness rate going above 10%, individuals throughout the state are researching to minimize their expenses.   Many citizens have started to become conscious of each greenback they commit on a monthly schedule.  An excellent place to begin looking for approaches to reduce your cost is by shopping your current lines of insurance.  An insurance policy review of your current homeowners insurance policy could save you hundreds or thousands of dollars annually.  It is crucial to save each and every dollar it is possible to this year on insurance products like home and condominium insurance coverage. 

Shopping your Florida homeowners insurance policy prices online through a portal like, Premier Homeowners Insurance, will allow you to reduce your premiums.  We will offer you a totally free policy evaluation to see if you’re getting the best prices available for your geographic region.  “Having the biggest product portfolio in Florida allows us to make available solutions to virtually every person we talk with. ” We have found that giving our clients quotes from multiple carriers for comparison completes our objective of price transparency.” said Lauren Agnew.

Our firm, Premier Homeowners Insurance, is a property and casualty consulting group located in Florida. We provide items from various premier companies that provide Florida home insurance plans to the whole state.   We provide exact info to our clients, which in turn can take full advantage of all savings available to them.  Our own firm knows that all of our customers have different insurance needs. Consequently, we make every effort in order to offer all sorts of products such as; condominium insurance, flood insurance coverage, home insurance, house insurance, wind policies, and townhouse insurance quotes.

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State Farm To Increase Rates in Florida

Jacksonville Florida Homeowners Insurance News

The large homeowners insurance company, State Farm of Florida,  has just requested a 28 percent increase on homeowners insurance rates due to many sinkhole claims in the Sunshine State. This request comes as many Florida lawmakers are trying to fix the sinkhole issue occuring in the state.  There will be a legislative session which convenes March 8, 2011 to try and come up with a solution for the rising costs of homeowners insurance in Florida. 

Forida State Farm spokesperson Chris Neal recently said that the push for the rate request is the rise in the insurer’s non-catastrophe losses, which have increased by over 90 percent over the last few years. By far, he said, the majority of that increase is due to the rise in sinkhole losses. In 2007, the carrier paid out just $47 million in sinkhole claims, a figure that has increased steadily with the carrier paying out over $119 million in the first three quarters of 2010.

Read more today at:  http://www.insurancejournal.com/news/southeast/2011/02/01/182926.htm

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Florida Sinkhole Problems

Ponte Vedra Beach, Florida homeowners insurance customers, along with most Floridians, are trying to get  insurance reimbursements for the massive sinkhole problems.  Many state lawmakers are considering measures to punish fake claims and try to ensure that home insurance policy proceeds are used to repair properties that really need the work. 

Many local and state authorities are increasingly concerned that a huge portion of the house owners pursuing sinkhole claims are using the insurance payments to pay off mortgages, rather than make fix their homes. In addition, local authorities say, some homeowners are getting their home appraised at a lower value due to the unrepaired damage, damaging all of the neighborhood prices and tax bases.

Florida sinkhole claims are on the rise and have truly increased dramatically since the early 2000′s. Most worry that this will  lead to huge rate increases for homeowners broadly and could weaken some of the smaller insurance companies that we need in the state. 

Statistics show that the average closed sinkhole claim in Florida exceeds $135,000, according to a November report by insurance regulators in Florida. Data compiled by regulators and county tax authorities indicate less than half the $1.3 billion paid out by insurance companies over the past four years has been used to plug sinkholes or shore up foundations.  The Florida sinkhole problems continue.  Please give us your feedback on this situation.

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