Did you know that Miami is home to the highest burglary rate in the US? This factor alone leads to higher homeowners insurance rates. In addition, Miami residents are familiar with natural disasters and the costs that come along with them. It should be no surprise that FL is home to the highest homeowners rates in the entire country. Keep reading below to understand what is covered and how to score a great deal on a policy.
What’s covered by my policy?
By purchasing homeowners insurance in Miami from https://floridainsurancequotes.net/home-insurance/homeowners-insurance-miami/, you will be providing these types of coverages to your home:
Dwelling coverage – Pays for damages done to your home and any other building that are unattached. For example a fence.
Other structures – This provides coverage to your garage or deck.
Personal Property- Covers all of the belongings located inside of your home if they become lost, damaged, or stolen.
Loss of use coverage – This will pay for any additional living expenses if your home becomes uninhabitable due to a covered loss.
Liability- Protects you from loss if you are sued or are found responsible for someone injuries.
Medical payments – Will help cover medical bills for anyone who becomes injured on your property.
How can I save money on my policy?
In order to save money on your homeowners insurance in Miami, you may also qualify for discounts. In addition, there are a few other ways to save hundreds on your policy.
Let’s discuss discounts. Here are a few ways you can save on your policy.
Home safety discount- You can save money by securing your home. This would include installing a burglar alarm, a fire alarm, and smoke detectors. Homeowners that take the time to do this can save money. In order to qualify for this, the installations need to be monitored by a company.
Gated communities – Homes within a gated community can provide homeowners with a discount as well.
Rennovations – Discounts can also be given for renovations such as plumbing and electrical work.
Hurricane proof – Hurricane proof your home for discounts. This includes impact resistant roofs, windows, and shutters. These will cost you more upfront but in the long run they will pay off.
Nonsmokers – Smoking is a fire hazard. If no one inside your home smokes, then you can qualify for a smoke free discount.
In addition to discounts, by shopping for homeowners insurance in Miami at https://floridainsurancequotes.net/home-insurance/homeowners-insurance-miami/ Fyou can instantly save hundreds of dollars on a policy. So why not get started today?