While Florida homeowners insurance costs are high, there are a few ways to lower the monthly cost of your policy.
If you are looking at purchasing a home, try to find a house that was built fewer than 12 years ago. If your current home was built before 2001 and has had the roof replaced after 2004, consider having a wind mitigation inspection done. If the home has significant structural updates, it could save you up to 30% on your new homeowner's insurance policy!
Second, try lowering your personal property coverage. You can lower it to 40% of your dwelling value. This could save you some money, and in a lot of the policies we write, our clients don't need a lot of personal property coverage anyways.
Third, if the cost of homeowners insurance is killing you, you could look at increasing your 'all other perils' deductible. We usually write our policies with a $500 or $1,000 deductible, but if you are in a tough financial position, or you feel you are unlikely to file a claim in the event of a small loss, you could look into increasing your deductible to $2,500. That can sometimes save you a decent amount of money!
We know homeowners insurance in Florida is super expensive and even more complicated. That's why we are here to help you through the process. We write with many different insurance companies to try and find you the best deal we can with the coverage that you need! Need help looking for an affordable homeowners insurance policy in Central Florida? If you have questions about your Orlando homeowners insurance policy, reach out to us! We’re happy to be your go-to insurance agent in Kissimmee.