Here are some important Florida Homeowners Insurance Facts
Credit is an important factor for home insurance rates – Credit history plays a big role in your financial life. Not only does it play a role in things like interest rates and whether you can rent an apartment, but it also affects your home insurance premiums. Keeping your credit in good shape will help you save money on homeowners insurance
Claims will increase your home insurance rates – Insurance is a product you buy but hope to never use. Having to fix damage to your home is a hassle, and making a claim can result in your insurance premium increasing for years.
The prior homeowner’s claims can affect your insurance rate – An interesting home insurance fact is that any claim made on your home in the prior 7 years can affect your home insurance rate. Insurers view a home with claims as a higher risk for future claims. As a result you are faced with a higher premium
Certain dogs may cause you to be blacklisted – Dog bites make up a third of all homeowners insurance liability claims. This being said, the more powerful breed of dog you own, the more likely you will pay more in premium or might not even have a chance to be covered at all.
Not everything is covered by a homeowners insurance policy – A standard home insurance policy provides many protections including coverage for structures, liability, and personal items. In order for coverage to be provided incidents must be sudden and accidental. This means if you have had a leak in your roof that has caused damage over many months that you were aware of, it most likely will not be covered because you neglected to do proper maintenance.
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