How to Get Cheaper Home Insurance In Florida

When you need home insurance, it pays to shop around and get the best combination of value and price that you can. We are an independent agency, so we have access to a lot of different companies. We can do the work of finding the best prices for you, but we also want you to be in control of your options.

We put together this guide to get cheap homeowners insurance to help our customers save even more money. There are some ways to get cheaper home insurance beyond the lowest price on a policy.

How Home Insurance Works

In order to get cheaper home insurance, you need to understand how the system works. If you have a loan on your house, the lender may require a certain amount of insurance, and beyond that, it is up to you to decide what you want.

One of the best tips to get cheaper home insurance is to understand the difference between actual cost value, replacement cost, and extended replacement cost. Here is a breakdown of how it works. The most expensive plans cover everything and there is no deductible. Cheaper plans offer less coverage but that may fit better in your situation.

• Actual cash value is what it would cost to replace your home based on what it cost when it was new. If you have insurance on contents, the current cash value is what is covered. For instance, a new couch might cost $500, but 10 years later it may still be in good shape but does not have near that cash value. This is one of the easy ways to get cheaper home insurance as it is the least expensive policy.
• Replacement cost is what it will cost to replace what was lost. Your home may have gone up in value, so it would cost more to replace it than it would have when new. Contents are also covered this way. If you lost your 10-year-old $500 couch in a fire you would get the cost of a new similar couch. This is more expensive but it covers more.
• Extended replacement coverage is relatively new, and goes beyond replacement cost. It would cover the cost if the price of building materials went up suddenly after a big storm. This is the most expensive, but it would replace your home to the condition it was in before the damage even if that exceeds the value of the house.

Levels Of Home Insurance Coverage

Another part of our guide to get cheap homeowners insurance includes how to understand types and levels of coverage.

You will have to decide if you want your content covered. Some tips to get cheaper home insurance would say no, but understand if there is a major catastrophe and everything is lost, only your structure would be covered. Taking that risk could save some money.

Another one of the Ways to get cheaper home insurance is to consider different levels of coverage.

• Liability. In addition to covering your home, you will also need some liability coverage. If someone is injured on your property you could be held liable and have to pay for their treatment. You can decide how much liability coverage you want, and that will also affect your rates.
• Deductibles. Another easy way to get cheaper home insurance is to have a higher deductible. The deductible is the amount you just pay before the insurance starts paying.  If your deductible was $1000, and you have $40,000 in losses you would receive $39,000.
• Bundling. By combining different kinds of coverage you can get a lower price on all of them. If you combine your car, health, life, and homeowners insurance, you could get cheaper home insurance.
• Floods. Keep in mind that flood insurance is a different kind of insurance and is sold through a federal program. Depending on where you live, you may or may not need this type of coverage.

How We Help With Home Insurance

Our agency can find the best prices, and we can help you make the best decisions for your situation. This Guide to get cheap homeowners insurance is something you can use to help inform decisions you want to make. We can help you balance cost and coverage so you have the right amount of both.

You may also use our site to get a quote for your homeowners or car insurance. The quote is just an estimate but it will be close. We are here to help protect your property with insurance coverage, but we also want to help you save money.