Homeowners Insurance Blog

September 13, 2012 - 17:12

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!
August 27, 2012 - 19:59
A new survey conducted by PremierHomeownersInsurance.com revealed an average home insurance policy in Florida comes with a $2,500 per year deductible, and a premium that amounts to more than $1,101 annually. Floridians are starting to wonder how they will be-able to afford homeowners insurance in the future.
Jacksonville, Florida (PRWEB) August 20, 2012
Individuals who have shopped for Florida Homeowners Insurance know that they are paying more than ever before for their policies. Just when home-buying Floridians began to think it was safe to enter the market again, the threat of unaffordable home insurance premiums has them pulling back. The resulting stall in home sales threatens an incipient real estate recovery that at this point barely qualifies as one. http://www.PremierHomeownersInsurance.com
The culprit is, of course, Mother Nature. Because she blew fiercely and drenched the Sunshine State with enormous amounts of water in previous hurricanes, insurers in the state were driven to distraction. That led to state-run Citizens Property Insurance becoming overstocked with risky properties, which in turn forced state officials to lean on Citizens to divest itself of some risk—that is, to cull the riskiest properties from its portfolio and back into the private sector.
40 percent of Floridians surveyed recently said "they are nervous about having to pay higher homeowners insurance premiums in 2013", while 30 percent were worried about not being able to afford their home insurance premiums in the future.
"The result is ballooning home insurance policy premiums that are hitting homeowners and potential home-buyers alike. The former are wondering if they will be able to hold on, with the insurance premium in some cases having grown larger than the mortgage. Some home-buyers are finding it impossible to close on properties they otherwise qualify to purchase," says Morgan Moran of PremierHomeownersInsurance.com, an online insurance agency that helps consumers find quality home insurance policies.
Moran said, "Florida was hard hit by the subprime housing crisis, as everyone knows. It has more delinquent mortgages per capita than any other state and some of the most expensive insurance premiums. But more is at stake than balanced individual homeowner budgets. For Florida to be hit now with another round of home insurance premium rate increases means beleaguered homeowners will not be able to contribute to the state’s economic recovery".
Because Citizens also pulled out of the program that insured builders against loss during construction of homes, contractors have been forced to find more expensive home insurance elsewhere. That cost is being passed on to home-buyers, which is yet another obstacle to new home sales.
State officials are trying to avoid a post-storm economic crisis that could ensue if Citizens were bankrupted by a storm and officials had to levy taxes to recoup major losses. Yet the preemptive decisions being made by these same officials are producing a similarly negative economic effect.
The great news is that with the help of online insurance agencies like PremierHomeownersInsurance.com, it is possible to find a better quality homeowners insurance policy with cheaper premiums.

If a reasonable middle ground isn’t found that protects Citizens’ long-term financial solvency without driving the economy into the ground in the short term, Floridians are apt to pay now and later. That’s because an economy weakened now won’t be resilient enough to support a post-hurricane recovery of any magnitude. This worst case scenario couldn’t be worse.

Learn more about a professional home insurance agent athttp://www.PremierHomeownersInsurance.com
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August 21, 2012 - 14:41

“Find out facts regarding Florida health insurance change today”

A citizen of Florida has numerous choices to select from when it comes to Health Insurance. Quite a few insurance firms offer a wide range of plans for distinct health requirements.  The different insurance plans which are available are personal Florida health insurance, group medical health insurance, Florida medical health insurance, short-term health insurance, child/student health insurance, and much more.

GET FLORIDA HEALTH Insurance policy Prices Today

The state of Florida has passed health insurance reforms to make certain early comfort and stability to its residents. If any citizen of the State of Florida wishes to secure insurance coverage, he or she really should understand the establishments available and the eligibility conditions for them.  Generally there are several Florida health insurance facilities that supply services to distinct parts of society. Besides, there are specific regulations that are pertinent to individuals and households.

The different health insurance plans provided in Florida are

1.      Indemnity (Fee for Service): These ideas present a large choice of health care providers.  You need to pay the full amount promptly and send the invoice to the insurance agency to receive the refund of the sum according to policy terms and conditions.

2.      Preferred Provider Organization: PPO (Preferred Provider Organization) is an association of health care providers that features doctors and hospitals.  You can easily opt for any health care provider inside the system, that is revealed by your policy.  PPO insurance plans save a little money although you have got to make a co-payment in such programs.

3.      Health Maintenance Organization: HMO is similar to a PPO program, however the only distinction is that you need to make a co-payment to an in-network doctor.  The HMO strategy will not refund you the cost sustained if you acquire services outside the circle.  You have got to go through a primary care physician in order to seek services involving a expert.

4.      Point of Services (POS): This is equivalent to HMO but the truth is can go out of the health care community, if you’d like attention. Nevertheless, in such instances, the program will only repay 50 to 80 percent and you are also expected to pay co-insurance along with a insurance deductible.

You can also get short-term medical health insurance in Florida. One of the advantages of Temporary Health Insurance can be you get instant authorization or decline plus it is obtainable at the most affordable cost possible. Temporary Health Insurance guarantees protection for a limited period (up to a maximum of 36 months). Temporary health insurance includes most health conditions, like diabetes type 2.  On the other hand, it doesn’t cover any kind of pre-existing ailments.

 

 

August 14, 2012 - 12:53

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.

August 14, 2012 - 11:37

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

August 14, 2012 - 10:04

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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