Thinking of moving to South Florida? Why not – fantastic weather, amazing beaches and lots to do by way of recreation. But before you take the plunge, there are a few things to take into account in regards to house insurance.
First of all, obtaining South Florida homeowners insurance from a website can be incredibly tricky, even if you have a great track record in the past with regards to homeowners insurance. In actual fact, it can be such a problem that the Citizens Property Insurance Corporation was brought into existence to alleviate the problems people had in regards to homeowners insurance and guarantee insurance coverage if for some reason you failed in your attempt to get insurance. Of course this is great news if your one of those people looking for South Florida homeowners insurance. Despite this though, there are still a couple of things to think about in terms of the cost of this insurance, which is affected by several factors that are specific to the South Florida area.
Hurricane insurance is something that fluctuates and changes wildly. This is due to humongous insurance claims. What this has resulted in is insurance companies protecting themselves by moving the goalposts to the point that it is increasingly hard to get coverage.
The cost of flood insurance also plays a crucial part when it comes to selecting your new home in South Florida. Obviously one of the ways you can be proactive when it comes to flood insurance is simply making sure that your new home is not in a flood zone. Sounds simple enough but it pays to really investigate because, let’s say for example that your dream home is a waterfront property. The good news is that this doesn’t necessarily mean it’s a flood risk – there are a lot of other factors that come into play so take your time and you never know, that dream home could be right in a sweet spot when it comes to your South Florida homeowner insurance.
Have a friend who lives in the area you’re moving too? Well, they probably have a line on a company who will be able to offer you the South Florida homeowners insurance that you need. After all, your friend has insurance right. If you don’t know anybody in the area, maybe now would be a good chance to strike up some friendships before you move into the area.
If all else fails, enlist the services and help of an independent insurance company in the area who will have information on the options available to you.
Just remember that homeowners’ insurance prices are affected by a variety of factors – flood risk, hurricane risk, proximity to water – so it’s best to be prudent and pro-active in your house search so that you don’t run into any unpleasant surprises when you make your dream move to the Sunshine State. Take your time, assess all of your options and be sure not to rush your decision making to ensure that you arrive at the best possible outcome.