HOME INSURANCE

In case you are with Florida's state run insurance carrier, your home insurance rates are going up by approximately 10% this year. If you have your Florida home insurance with a private company, you will be facing rate increases from 10-15%. However, if Florida insurance companies have their way, you could be losing significant discounts that could dramatically increase the price of your homeowners insurance... Currently, Florida homeowners enjoy what is known a wind mitigation discount for a number of home features that will make your home more resistant against hurricanes. Home insurance companies have to give you this discount under Florida law plus a specific formula should be used to calculate it. It offers discounts for things like the form of your roof, whether houses roof has a secondary backup system for removing water, the strategy used to attach your roof to the walls of your home, and whether or not your property has hurricane shutters and others... Home insurance..