Don’t Be Alarmed By Insurance Costs…Credits Are Available

Are you one of many Floridians who is looking for ways to save on homeowners insurance? The good news is that there are many discounts available ranging from minor to significant, all of which offer savings.

Homeowners insurance premiums are rated on many different factors including the age of the home, location, claims history, attributes of the property and even credit score. After the rate has been determined, any applicable credits or discounts may be assessed in order to reduce the overall premium that is charged to you as an insured homeowner.

Many people are familiar with wind related discounts that come in the form of Roof Construction, and Hurricane rated windows. However, there are a few hidden discounts that many people fail to recognize. Mitigating a loss is a large aspect of property and casualty insurance companies, who place a premium on claims prevention. The end result of the emphasis on prevention by the insurance companies is a monetary premium for the homeowner.

Having a good independent insurance agent is critical in reducing the amount of premium that you may pay annually for coverage. Saving money on homeowners insurance is more than just comparing quotes from multiple companies. Your insurance agent should make you aware and apply for all applicable credits that may be available in addition to analyzing company rate comparisons for the coverage you desire.

Wind mitigation questions are commonly asked by insurance agents in order to provide significant savings. However, it is important to inform your agent of some key additional aspects of your home. Do you have a monitored alarm system in your home? Anti-theft protection, such as a burglar alarm or living in a gated community, provides annual savings for homeowners. Even if your neighborhood is not gated, it may be considered “Single Entry” and equate to a discount in cost. Another credit related to neighborhood safety and offered by some insurance companies is the presence of a neighborhood association. If your neighborhood has a Homeowner’s Association or HOA, you may be eligible for a reduction of premium.

In addition to theft related credits, you will find that discounts are offered for peril protection devices. Savings on home insurance is available by outfitting your home with smoke detectors, fire extinguishers, or fire sprinklers. Some insurance companies even offer discounts if your home is located within close proximity of a fire hydrant or a fire station.

If you have questions regarding any potential discount credits that you may be eligible for, it is advised that you contact an independent insurance agent prior to the renewal of your current insurance policy. Having a good agent on your side can make a significant difference not only in price but in the quality of coverage that you receive.

Moore Resources is an Independent Insurance Agency located in St. Petersburg, FL and offering Homeowners Insurance, Auto Insurance, Personal Insurance and Business Insurance. Our reach extends beyond the Tampa Bay area to the entire state of Florida. Moore Resources has regionally been dedicated to serving the local residents of Pinellas, Hillsborough, Polk, Pasco, Manatee and Sarasota counties; including St. Pete, Tampa, Clearwater, Bradenton, Brandon, Dunedin, Gulfport, Lakeland, Largo, Lutz, Palm Harbor, Pinellas Park, Riverview, Ruskin, Seffner, Seminole, Temple Terrace, Tierra Verde, Town n Country, and the Gulf Coast Beaches.

Please remember that the purpose of this blog is to present general information only. It does not interpret specific policies or coverage. In order to obtain detailed information regarding your insurance, contact a licensed insurance agent.