How Does Your Property Insurance Compare?
While property taxes are the subject of a lot of conversation right now, property insurance has taken a bit of a back seat to it. Those living in Florida will remember that just a year ago many were getting cancellation notices or substantial increases in their annual premiums. Last week Governor Charlie Crist announced the launch of a new state-run website that serves as a starting point to help Floridians find the insurance policy best suited to their needs.
The website is: http://www.shopandcomparerates.com/ and here is how it works. Once on http://www.shopandcomparerates.com/, click on the button at the bottom to compare homeowner insurance rates, then select a county. A box will pop up showing you the cost to insure a fictional house in that county. The list of insurance companies is sorted from the lowest to highest cost. While you can't change the criteria of the "fictional house", it gives you an idea of comparable rates from different companies all in one place. The fictional house the website uses as an example is a five-year-old, concrete block home, with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2 percent hurricane deductible, no claims and no wind mitigation discounts.
To see how your home would compare to what you currently have, you can click on the insurance company's name to get their phone number and website, then contact them with your specific needs.
The website is: http://www.shopandcomparerates.com/ and here is how it works. Once on http://www.shopandcomparerates.com/, click on the button at the bottom to compare homeowner insurance rates, then select a county. A box will pop up showing you the cost to insure a fictional house in that county. The list of insurance companies is sorted from the lowest to highest cost. While you can't change the criteria of the "fictional house", it gives you an idea of comparable rates from different companies all in one place. The fictional house the website uses as an example is a five-year-old, concrete block home, with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2 percent hurricane deductible, no claims and no wind mitigation discounts.
To see how your home would compare to what you currently have, you can click on the insurance company's name to get their phone number and website, then contact them with your specific needs.
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