5 Ways to Get a Discount on Your Florida Homeowners Insurance

The importance of having adequate Florida homeowner’s insurance cannot be overstated. However, the cost of your premium is based on several factors: the provider, the condition of your home, any previous policy you may have had, and your payment habits just to name a few. Fortunately, there are several ways to rake in a few discounts and save a little money on your coverage. 

1.Do Some Shopping 

Diligently go forth in your search for the perfect homeowner’s insurance policy and remember one thing: those providers are super competitive, so don’t settle on the first thing you see. Some insurance companies have price comparison tools on a website to help shoppers make educated decisions, but the information is often biased. Instead, take the time to visit each provider’s official site to get a first-hand price quote directly from an agent. 

2.Bundle Up 

Savings come in many forms, one of which is the bundled policy discount offered by most insurers. By grouping another form of coverage together with your homeowner’s insurance policy, you stand to keep hundreds of dollars in your pocket each year. Furthermore, policyholders can save even more cash monthly by raising the deductible on each of their existing policies.

3. Stay Proactive 

Insurance companies usually don’t want to cover properties that are a liability, at least not without a serious down payment and a high monthly premium. Keep your Florida homeowner’s insurance rates down by making the home more disaster-proof – reinforced roofing, retrofitted foundation stabilizers, storm shutters, double pane windows, modernized plumbing, etc. When the adjuster comes out to survey your property, he or she will be more likely to offer an affordable policy because your home is safeguarded against natural disasters. 

4.Get Secure 

Florida homeowner’s insurance policies tend to reduce by about 5-20% when a working deadbolt lock, burglar alarm, sprinkler system, or smoke detector are properly installed. While those security measures are usually not cheap, the benefits typically outweigh the initial investment, not to mention pay for themselves after only a few years. NOTE: Not all security systems qualify for insurance policy discounts, so be sure to consult with an agent to find out more. 

5.Be Yourself 

Policyholders age 55 or older often qualify for a 10% or greater discount from Florida homeowners insurance companies here. In addition, some of your professional associations and/or employers may offer group policies at an incredibly affordable rate. Use the resources you have on hand to find the most inexpensive, yet comprehensive, coverage. 

Categories: Host Blog

Florida Life Insurance and Annuities

Florida Insurance companies offer many types of policies to residents. In addition to the common homeowner and automobile driver insurance policies, insurers can indemnify Floridians against a wide range of other risks. Here are two other common insurance products that could make your life more secure and worry-free. If you need a quote simply jump over to FloridaInsuranceQuotes.net and get a free quote for Florida Life Insurance.

Annuities

Annuities are like a hybrid of investment and insurance products. There are several different kinds of annuity policies available to buyers in Florida. Insurance policies like annuities pay a fixed sum of money to the holder yearly for the remainder of their life. The fixed sum required for annuitization can be paid in a lump sum, or more commonly paid over a longer period of time. Annuities are designed to supply a steady cash flow for retirement years. Annuities can be: 

  • Immediate
  • Deferred
  • Fixed
  • Variable

Immediate annuities allow the policyholder to begin collecting payments right away after a single lump-sum payment. Annuity payments are usually made monthly or sometimes on a yearly schedule.

Deferred annuities work by allowing the policyholder to pay into a fund over time to build the required balance during what is called the accumulation period.  The payments are augmented by interest or dividends that are held in an accumulation fund. Interest rates on the accumulation fund may or may not be guaranteed.

Fixed annuities provide predetermined payout amounts regardless of the amount of interest an annuity account holds. The policyholder cannot lose their investment in the annuity once the payments begin, and the underwriter cannot change the payment amounts. In this manner, risk is entirely transferred to the annuity company.

A variable annuity is a form of a Security, and can change with volatility in the economic markets when the underlying investments that will fund the payouts of the annuity fluctuate. This type of annuity policy holds more risk for the policyholder, but can possibly deliver a higher rate of return than fixed annuities can.

Life Insurance

Life insurance like this, is a way for Florida insurance customers to put aside money now in order to ensure financial security for their family in the event of the policyholder’s death. It’s designed to safeguard your family’s ability to meet their needs that were previously taken care of by your income.

Life insurance allows you to choose the term of your coverage and the amount of money to be paid out to your heirs, so it’s easy to find a policy that you can afford.

Term Life Insurance

Florida insurance customers who want to insure themselves in the event of their death during a specified period while they’re paying premiums opt for Term Life Insurance. Term life policies generally offer more coverage for lower premiums than other life insurance policies. Term life policies are not designed to accumulate cash value like annuities do.

Whole Life Insurance

Whole Life policies from here are effective for the entire life of the policyholder. They provide a fixed dollar payout in the event of the policyholder’s death and charge a fixed amount to keep coverage in effect. Unlike Term life policies, the cash value of your contributions can accumulate the longer your policy is in effect. These earnings grow tax-deferred until you surrender the policy or pass away. Whole Life policies sometimes include provisions to provide loans to policyholders using the accumulated premiums as collateral. If you die before these loans are repaid, the remaining balance is simply deducted from your death benefit payout before distribution.

Some whole life policies earn dividends, which can either be used to pay premiums or can be taken as cash as they are earned. They are not normally taxable.

Categories: Host Blog

What about Florida Car Insurance?

If you’re a driver, you should have some kind of car insurance. Every state, including the state of Florida, requires drivers of any vehicle to have some type of car insurance policy. In fact, Florida drivers are actually required to have proof of Florida car insurance coverage when registering their vehicle.

You need car insurance

When you get car insurance coverage in Florida you have to get the minimum amount of protection that your policy may grant you. That minimum requirement is $10,000 for both personal injury protection (PIP) and property damage liability (PDL) insurance. Your Florida car insurance company may even request that you purchase additional coverage to cover other situations or occurrences, such as bodily injury liability coverage.

While that sounds simple, shopping around for car insurance in Florida can become overwhelming fast for a lot of people in the state. Luckily, there are resources like this for people to read and use if they want to find a suitable car insurance provider in FL. To start, there are many online Florida auto insurance resources that provide information about how to register for car insurance, in addition to providing online quotes for today’s car insurance rates in FL.

Searching for online Florida auto insurance

Using the web is pretty simple, especially if you’re searching for information about online FL auto insurance. There are a lot of resources that you can use to help yourself find the appropriate car insurance policies, in addition to the information that you might need to eventually register.

Probably the best way to search for online FL auto insurance is comparing quotes between companies. Online insurance quotes are more or less the best way to figure out the potential price of any Florida car insurance policy before committing.

The online insurance quote

You’re probably familiar with seeing advertisements for car insurance quotes at many places where you can learn more about online auto insurance. Well, those advertisements are there for a good reason. The sites that use those advertisements provide information about today’s Florida car insurance rates in the form of car insurance quotes.

An insurance quote, as implied, is the estimate of your insurance rate—in this case, your car insurance rate. The estimates tell you what you may end up paying if you choose any particular car insurance provider. Insurance quotes more or less help people save money before committing to any car insurance policy.

In most cases, car insurance providers give you more accurate prospective financial information if you provide them more information for their quote. You can give them this information via a third party car insurance quotes website or get a quote directly from your online insurance provider’s site.

You usually don’t have to wait any longer than a few minutes, usually 15 minutes if you provide a lot of information. After you get the quote, you can actually use that information to help negotiate a potential car insurance policy with your Florida car insurance provider. That way, you can make sure that you’re on ‘the same page’ with your insurance provider and still get car insurance at a rate you prefer the most.

Categories: Host Blog