Regardless of what part of the country you are living in, if your property has a mortgage on it and you want to be able to provide protection for it, you're going to have to have insurance on it. This is certainly true if you are living in Florida and Florida homeowners insurance has been widely discussed recently. But just why have we had all this discussion?
One of the reasons for the discussion is that a large number of the insurers which used to issue policies in Florida are no longer doing so. One of the main reasons why this is the case is because they have lost so much money in the past few years because of the large number of hurricanes that have come through the state. Therefore, while they continue to do well well in some areas of the country where such natural disasters are not such a problem, the state of Florida is not seen as being particularly lucrative for the insurance companies.
For this reason many people have found themselves without homeowners insurance in Florida simply because their insurer no longer willing to provide it for them. Happily, there are options when it comes to the insurance cover which you can get and there are still a lot of companies who will be willing to write you a policy.
Another element which needs to be taken into consideration is precisely where your home is located. Some companies for example will underwrite policies in the state of Florida but they will not write them when the house is within a certain distance from the ocean. If you find yourself in such a location then you may have to look for an alternate company rather than the one that you have been using.
Another interesting thing about purchasing property insurance in Florida is the fact that no new policies will be written when there is a major storm expected. If you are preparing to move into a new house you will have to wait until the storm has passed before being able to purchase your new policy.
In spite of the fact that it can be difficult on occasion to find a Florida homeowners insurance policy it certainly is not impossible. There may also be occasions when you are able to combine it with your auto insurance and save yourself some money at the same time. Talking to your insurance agent is the first step in this process and he will be able to help you to see whether or not you should look into the matter further.
One of the reasons for the discussion is that a large number of the insurers which used to issue policies in Florida are no longer doing so. One of the main reasons why this is the case is because they have lost so much money in the past few years because of the large number of hurricanes that have come through the state. Therefore, while they continue to do well well in some areas of the country where such natural disasters are not such a problem, the state of Florida is not seen as being particularly lucrative for the insurance companies.
For this reason many people have found themselves without homeowners insurance in Florida simply because their insurer no longer willing to provide it for them. Happily, there are options when it comes to the insurance cover which you can get and there are still a lot of companies who will be willing to write you a policy.
Another element which needs to be taken into consideration is precisely where your home is located. Some companies for example will underwrite policies in the state of Florida but they will not write them when the house is within a certain distance from the ocean. If you find yourself in such a location then you may have to look for an alternate company rather than the one that you have been using.
Another interesting thing about purchasing property insurance in Florida is the fact that no new policies will be written when there is a major storm expected. If you are preparing to move into a new house you will have to wait until the storm has passed before being able to purchase your new policy.
In spite of the fact that it can be difficult on occasion to find a Florida homeowners insurance policy it certainly is not impossible. There may also be occasions when you are able to combine it with your auto insurance and save yourself some money at the same time. Talking to your insurance agent is the first step in this process and he will be able to help you to see whether or not you should look into the matter further.
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If you are searching for Florida homeowners insurance or for a home owner insurance quote for a property another state then a great place to find a quotation is right here online.
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