6 Best Home Insurance Options in Florida
Florida faces several natural hazards such as strong winds and hurricanes. Home insurance is therefore important. Several insurance companies have emerged, making it difficult to make a good choice. It is your responsibility to research what suits you. Here is a guide to the best home insurance options in Florida and what they offer.
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Best home insurance options in Florida thrive on great customer service, low rates, and discounted packages. Though basic covers are similar across the board, the rates and coverage options vary. It is how rather than what is offered that distinguishes the best service.
Your decision to obtain home coverage is purely personal as there are no regulations that require you to get a cover. If you bought your property through a mortgage, then your financiers will have a say in the type of policy to acquire. The financiers require insurance companies to note their interest in the policy and ensure that they are the first to be paid in case of a claim.
Contents of a Basic Standard Home Insurance Policy
Salient features of a standard home coverage are similar across all insurance companies. The difference, however, lies in how they are offered. The rates and coverage options also play a big role. Florida’s standard home insurance policies cover home structures, detached structures, personal property, and occupiers liability.
The basic perils covered are fire and theft. If you need to reinforce your home insurance, you can take additional coverage. You can choose to have either of the following additional coverage specific to the state of Florida: flood insurance policy, hurricane coverage, and guaranteed replacement cost.
Preview of the Best Home Insurance Options in Florida
Allstate
If you recently bought a home, Allstate offers discounts for new homeowners. You can also get good discounts as a reward for repeat business. Agents are available to guide you on the coverage and answer any of your questions.
You will find detailed information on its mobile app. The rich information on its website will guide you on the process, right from getting a quotation to signing a declaration form.
By obtaining multiple covers with State Farm, you are entitled to bundling discounts. You can also get discounts by installing security devices in your home. It offers add-ons that customize a policy to suit your preferences. State Farm guarantees fast claim processing. You can get valuable tips from State Farm if you are a new homeowner.
Nationwide
Nationwide provides great customer experience, fast claim processing, and offers low rates and discounts. Nationwide guarantees your peace of mind through its smooth all-around process. In light of great customer service, you are assured of a claim process without hitches. The company also responds swiftly to your inquiries.
Safeco
If you need guaranteed claim payments, then go for Safeco. Their cover includes mechanical and electrical malfunction, identity theft, and guaranteed repairs. Its additional coverage options are extended dwelling coverage and guaranteed repair network.
You can get a single loss deductible benefit if you have taken a couple of covers with Safeco. This means if you suffer damage to two or more assets covered by Safeco, the deductible is limited to only one. Deductibles for the other assets are waived.
Travelers
Travelers are the right pick for you if you are looking for a stable and low-cost provider. You can get discounts for installing protector devices. You can also get optional coverage for water backup and sump pump failure.
Chubb Insurance
Chubb offers preventive measures to avert damages. Chubb provides home inspection and offers free removal of dangerous objects near your home. Such risks as loose fittings, dangerous trees, and flammable objects near your dwelling are removed.
In the event of damages, you are given an option to choose whether to rebuild your home or an offer of cash settlement. You are compensated for hotel costs and food during the repair of your home. Chubb is attributed to the coverage of high-end homes.
Concluding Remarks
Florida, being a coastal state, is prone to floods. That is why you must engage one of the best home insurance options in Florida. Your assessment informs your choice of home insurance of losses you are likely to suffer.
Before settling on any insurance provider, it is prudent to carry out research. You can obtain free information from the agents and through online platforms. Your family and friends can also help with their experiences and reviews of the insurance company. Check out the rates, extras, discounts, deductibles, and history of claims. It is also important to determine the financial stability of the provider.
Home insurance covers fire, theft, vandalism of your dwelling, and other structures. Your visitors are also covered by liability insurance. You may obtain additional coverage specific to risks inherent in Florida, such as flood insurance policy and hurricane insurance policy.
