Tag Archives: budget bi rite home insurance

Hurricane Coverage for Florida – When Is It Too Late to Purchase

Hurricane Season 2019 is here and its time to get a list of supplies together just in case. As important as preparing for a storm is, you also need to make sure you have homeowners Insurance up to date with Hurricane Coverage.

Don’t wait for a Tropical Storm or Hurricane watch to be issued for your area. Once there is a watch issued from the National Hurricane Center it is highly unlikely for you to get a NEW policy issued in the state of Florida or make changes to your current one.

 

 

Other things to consider for your homeowners policy.

Flooding in Florida

Flood Insurance is not included in your homeowners policy. Flood insurance is separate. Any damage from water that does not include wind and rain from the Hurricane would be covered under Flood insurance.

Check with an insurance agent and be advised that there is a 30 day waiting period before your flood policy can go into effect. You can get a flood policy even if you are not in a flood zone.

Coverage Inside and Out of your Home

Make sure you have a current policy that matches the value of your home and valuables. Now would be a good time to take inventory and re-check everything you want covered.

Don’t Be Surprised

Check into your policy to see how you benefit if there is loss due to a Tropical Storm or Hurricane. Do you have replacement of goods or will you get a cash value.

Windstorm Deductibles

What is your deductible? Don’t wait until a storm had caused damage to find out what you deductible is. Windstorm Insurance usually carries a much higher deductible. Talk to an insurance agent about what are the best possibilities for you.

Take it With You

In the event you need to evacuate your home, take your insurance policy with you. As a back up, make copies and mail to a friend or email to yourself. You can also make copies and keep in a safety deposit box at your local bank.

Have a Pool?

Many pool owners have a screened in pool or a pool cage. Make sure this is also covered on your policy.

Storm Shutters

Having storm shutters may not only be a bonus for your home, but also on your homeowners policy. Ask an insurance agent about a bonus for having the shutters.

After The Storm

Assess your property damage, make notes and take pictures inside and out to present to your insurance agent. Keep receipts of everything your spent in repairs, and what you needed to get your through the storm. Not all may be covered but better to have them then not. If you had to evacuate or leave your property after the storm because of damage, keep receipts of hotel bills, food, rental car, etc.

Call us today to get your questions answered. 863-453-3903 or visit our website budgetbirite.com fill out the form and we will have an agent contact you within 24 hours

 

 

 

Photo courtesy of WikiImages at Pixabay.com

 

Advertisements

How To Cut Cost on Home Insurance

Increased Home Security

Most homes are fitted with some sort of security device. To make the most of your home security discount, make sure your home is fitted with: dead bolt locks, smoke detectors, fire extinguishers and a burglar and fire alarm that are monitored. You do not have to have all of these to receive a discount on your home insurance so even if you only have one or two, make sure that you ask for the savings.

Keep your credit score as high as possible.

Home Insurance companies are using your credit score as an indicator of responsibility. The theory is the more responsible the individual the less claims they will have. So, insurance companies are giving lower rates to those individuals with a better credit score.

Consolidate your policies.

Most, if not all companies that sell home insurance, offer discounts for insuring your autos with them. These discounts can sometimes save you up to 30% off of your total insurance bill. Plus, you get the added convenience of having one agent for both your home and auto insurances.

Protect your home with updates.

Discuss with your agent about the possibilities of receiving home insurance discounts for keeping your home in good repair. Some home insurance companies will offer savings for a anew roof, electrical, HVAC, plumbing updates.

Make sure you are not over insured.

Your home insurance coverage should not necessarily be what you paid for the home. Land values are calculated into the final sales price and should be considered when insuring the structure. In others words you cannot hurt the dirt. A good idea is to call local builders and ask them what new home construction cost per square foot is going for. Take that number, multiply that times your square footage and that is the amount that your home should be insured for. Companies will not pay more than what it is going to cost to rebuild the home anyway, so make sure you are insured correctly.

Stay away from low deductibles.

The deductible is your portion of the claim that must be paid before the insurance company pays for the claim. The lower your deductible, the higher your premium will be. Deductibles can range anywhere from $100-$5000 or more. The majority of homeowners will carry a $500 deductible, but the savings one can receive by raising your deductible to $1000 can be significant, up to 20%.

Ask Budget Bi Rite. Contact an agent today to make sure that you are receiving 100% of the home insurance discounts that you qualify for.

 

 

 

 

Photo Courtesy of nattanan23 at Pixabay.com

Tips To Keeping your Homeowners Insurance from Increasing

When you drive or walk through your neighborhood, it is easy to see which homes are being maintained and which are not. You don’t have to inspect them, but just pass by and take a look. It’s simple to find homes that are run down, their lawn is overgrown, window shutters are falling off or there’s missing shingles from the roof. Maintained homes aren’t perfect, but you can see fresh paint, no cracks or holes in the walkway or driveway, clean windows and no overgrown trees or hedges.

Yearly and seasonal maintenance of your home helps to retain its value and prevent problems in the future. Some repairs can help keep your Homeowners Insurance policy from increasing since they include reducing safety issues such as fires.

It’s helpful to keep a checklist of what you must do to maintain your home:

  • Check the batteries in your smoke detectors. A good way to remember to do this is when we change the clocks for daylight savings time.
  • Clean the dryer vent.
  • Vacuum the coils of your refrigerator.
  • Clean and check the screens on your windows and doors.
  • Check and maintain your air conditioning system yearly.
  • Have your septic system cleaned out professionally. This should be done every year – every 3 years. Ask what schedule you should keep.
  • Inspect your roof, chimney, gutters, etc. Again a professional can do this or you can do it yourself. Some homeowners do it every year then have a professional come in on the 3rd year for example.
  • Check your foundation for cracks and soil for unusual holes. This can mean there is a sinkhole starting.
  • Inspect your walkway and driveway and repair any cracks or holes.
  • Check your doors and windows for to see if they close properly or if they need to be re-sealed.
  • Have an inspection done for insects especially termites.
  • Check the expiration date on fire extinguishers and replace them as needed. Keep the expiration dates on your calendar.
  • Remove and clear any tree branches that hang over your home or your neighbor’s home.
  • Remove anything that can be caught up by the wind during hurricane season and store it indoors.
  • Inspect your attic for openings.

When using professional services, be sure to do a background check to see if the person or company is licensed and certified to do the work you have hired them to do. Another thing to look out for is workers’ compensation insurance. If a worker in your home is injured, they will most likely be covered under their policy. If they don’t have worker’s compensation, they can sue you. That means you’ll be using your Homeowners Insurance policy to cover their claim. There should be no reason for that, especially when you are trying to prevent problems with your home.

 

Photo courtesy of Tumisu at Pixabay.com