If you’re new to home ownership, chances are you’re unfamiliar with how to buy home insurance. As a result, you may make quite a few mistakes when buying a policy. With the help of an experienced agent from Familia Insurance Agency, you can avoid common mistakes that can weaken your coverage or raise the cost of your policy. Working with a pro can help you avoid costly mistakes like the following:
Compromising Coverage for Price
Be leery of compromising coverage for the price. A “good deal” on your premium really isn’t all that good if the policy doesn’t provide the protection you need. Your goal should be quality home insurance at a cost you can afford.
Not Reviewing Policy
Many homeowners buy a policy with a “general knowledge” of what it says instead of reading its entirety. As a result, they often misunderstand or even miss important aspects of their coverage. Not knowing your full coverage could work against you when making a claim.
Failure to review your policy could result in your paying extra for non-essential coverage for your Kissimmee, FL home or paying for higher coverage limits than you really need. By taking the time to review your policy, you can avoid mistakes with over-insuring your property.
Ideally, your dwelling insurance should cover the cost of replacing your home in the event it’s destroyed in a disaster. Too little coverage could cost you thousands of dollars in repairs out of pocket.
Choosing Actual Cash Value over Replacement Cost Coverage
When insuring personal goods, you have a choice of actual cash value or replacement cost coverage. Actual cash value reimburses you for the current value of an item less depreciation. Replacement cost pays to replace the item you lost, saving you money in the long run.
To avoid costly mistakes on your home insurance coverage, contact the professionals at Familia Insurance Agency in Kissimmee, FL.
When settling into your Kissimmee, FL home, creating a home inventory might be the last thing on your mind, but it can help you if you need to file an insurance claim. In fact, bringing your home inventory with you to Familia Insurance Agency provides your agent with helpful information to make sure you obtain a policy that provides the coverage you need.
Creating an Inventory
Your home inventory contains three parts: video, photos, and a text description. Store it outside your home in a safety deposit box or in the cloud. The Insurance Information Institute offers an app, "Know Your Stuff," for creating and storing an inventory.
- Make a video of the contents of each room of your home. Include close-ups of electronics, bicycles, camera equipment, artwork, and other expensive items.
- Photograph each room, capturing close-ups of expensive items like electronics and appliances. Photograph the model number and serial number appearing on each of these items.
- Write a textual description of each item, noting its model number and serial number. Update this at least annually.
Using Your Inventory
Your inventory first comes in handy when you obtain homeowners insurance. Take it with you to meet with your agent. They can use it to calculate how much coverage you’ll need to replace your home’s contents in case of a hazard occurring, such as fire or theft.
Its second use occurs when you need to make a claim. Its easier to file a claim when you already have an accurate description of every item damaged or missing.
A home inventory takes some time to make, but it’s worth your time to document your belongings. You’re more likely to end up with appropriate insurance coverage for your Kissimmee, FL home. You’ll also find it easier to file a claim in the event of a loss. Create your inventory and visit Familia Insurance Agency to find the right homeowners police.
It may be a good idea to review and possibly upgrade your homeowners insurance as hurricane season blows in this year. Although Kissimmee, FL is inland, it is still on a peninsula and is occasionally vulnerable to storm paths. Familia Insurance Agency wants our clients to know that their home is safe all year long.
What You Should know About Home Insurance and Hurricanes
- Many different types of damage are caused by hurricanes. From flooding, wind, and even occasional hail. There is not a broad coverage that just protects the home for any event. Make sure your homeowners insurance covers the incidents that are likely or possible to occur in your area.
- Hurricane damage cause by water, is considered flood damage and is covered under the federally managed National Flood Insurance Program. Make sure that you indeed have Flood Insurance before hurricane season rolls around.
- Fast action is vital to save your home after water damage from a hurricane. Even if you are handy and feel like you can fix damage to your home after a disaster, it is still not worth the risk because water damage spreads fast and should be treated like an emergency to prevent rot and mold.
- Insurance means that even after a frightening disaster professionals can come in and restore your home and lifestyle back to normal so your family does not have to feel displaced or afraid.
- Various home insurance policies will not cover the valuables within the home such as jewelry and electronics, consider this when purchasing your policy.
Contact us at Familia Insurance Agency if you would like to review your home insurance in and around Orlando, Saint Cloud, and Kissimmee, FL before disaster heads your way. If you have any questions or concerns, please reach out to one of our agents.
It is recommended that you have your roof inspected in the fall and spring. This helps to ensure your roof is in great condition, protecting the interior of your home from water damage. If you fail to properly maintain the roof, your home insurance company may be legally allowed to deny any claims you file as a result of your poorly-maintained roof. Familia Insurance Agency in Kissimmee, FL has a few tips on when your home may need maintenance:
Your roof needs to be examined to look for signs of damage. This may include cracked or worn shingles, tiles, or missing shingles or tiles. The damaged and missing tiles or shingles should be replaced. An inspection will also let you know when the roof is nearing the end of its lifespan and may need to be replaced.
A chimney is something that should be inspected and maintained when your roof is. If there are cracks in a brick chimney or the bricks are crumbling, brickwork needs to be done to solve the problem. Water can enter through these cracks causing water damage throughout your chimney system.
The last item on your roof that needs to be inspected in the spring is your flashing. Flashing is a metal strip that is placed between a gap and your roofing material. It helps to keep water from entering small gaps. If the flashing is rusted or bent, it may not keep water out which allows it to penetrate your roof. Replace damaged flashing as needed to protect your home from water damage.
If you have questions about your existing home insurance policy or are shopping for a new one, give Familia Insurance Agency, serving the greater Kissimmee, FL area, a call today. Our agents would love to help you with all of your insurance needs. Come by our office or use our online rating tool to get a quote for your home insurance needs.
It is recommended that you have your roof inspected in the fall and spring. This helps to ensure your roof is in great condition, protecting the interior of your home from water damage. If you fail to properly maintain the roof, your home insurance company may be legally allowed to deny any claims you file as a result of your poorly-maintained roof failing. Familia Insurance Agency in Kissimmee, FL has a few tips on when your roof may need maintenance:
Your roof needs to be examined to look for signs of damage. This may include cracked or worn shingles, tiles, or missing shingles or tiles. The damaged or missing tiles or shingles should be replaced. An inspection will also let you know when the roof is nearing the end of its lifespan and may need to be replaced.
A chimney is something that should be inspected and maintained when your roof is. If there are cracks in a brick chimney or the bricks are crumbling, brickwork needs to be done to solve the problem. Water can enter through these cracks, causing water damage throughout your chimney system.
The last item on your roof that needs to be inspected in the spring is your flashing. Flashing is a metal strip that is placed between a gap and your roofing material. It helps to keep water from entering small gaps. If the flashing is rusted or bent, it may not keep water out which allows water to penetrate your roof. Replace damaged flashing as needed to protect your home from water damage.
If you have questions about your existing home insurance policy or are shopping for a new one, Give Familia Insurance Agency, serving the greater Kissimmee, FL area, a call today. Our agents would love to help you with all of your insurance needs.
Home insurance is something that every homeowner needs even if they have paid for their home in full and are not required to hold a policy. Home insurance can make a huge difference in the recovery process after your home is damaged or destroyed and for those in the Kissimmee, FL area, the agents with Familia Insurance Agency can help you find the coverage that is right for you.
Home insurance does have a monthly or yearly premium depending on how you want to approach the payment process. Your premiums are determined by a few different factors but the main factor is going to be your actual coverage. To determine how much coverage you need, your insurance agent will take rebuild cost of your home, materials that make up your home, and the overall age of your home. These are all going to factor into the cost of your home and the value that will help calculate coverage.
The next thing that an agent will look at is fire protection in your area, how far from your home is a fire department or a fire hydrant, this will help determine how quickly help could get to you in the event of a fire. Still another factor taken into account is how many and what types of pets you have, the claims history of your area, your personal claims history, and your history with the insurance company.
Having a higher deductible can help lower your premium and so can improving your credit score, security devices in your home, bundled policies and more. Your home insurance is important and knowing how premiums are calculated can help you understand a bit more. The agents with Familia Insurance Agency in the Kissimmee, FL area can help you find your coverage.
Holiday season is upon us in Kissimmee, FL. For many people, this means time to pull out the holiday decorations and lights. Homes are transformed into majestic displays of holiday spirit. Unfortunately, some homes do not survive the holiday season. In fact, the National Fire Protection Association states that 860 home fires are caused by holiday decorations every year. Protect your home and your family by following these safety tips when putting up holiday lighting.
Tip #1: Use Caution When Buying Electrical Decorations
Be careful where you buy lights and decorations. Purchase electrical decorations from reputable stores and vendors. Also, make sure they have a seal of approval from a nationally recognized testing lab such as CSA, Intertek, or UL.
Tip #2: Inspect All Equipment Before Use
Before you begin hanging lights and decorations, make sure extension cords are marked for proper use. Check for any damage to lights, cords and electrical decorations. Do not use electrical decorations that have damaged cords or wires.
Tip #3: Do Not Overload Electrical Outlets
Plugging too many lights and decorations into one outlet can cause it to overheat and catch fire. Outdoor lighting needs to be plugged into outlets that are protected by Ground Fault Circuit Interrupters (GFCIs). And avoid stringing more than three sets of incandescent lights together.
Tip #4: Be Mindful of Where Lights and Other Electrical Decorations are Placed
If there are power lines nearby, make sure that outdoor lights and decorations are at least 10 feet away from them. Inside the home, electrical decorations need to be kept at least three feet away from an open flame or any heating equipment.
Protect your Kissimmee, FL home this holiday season. By following these simple safety tips, you can avoid unexpected disasters caused by an electrical fire.
Your home is your castle, and no doubt you’ll do anything you can to protect it. But what happens when your home can’t be protected from a devastating tragedy? In places like Kissimmee, FL, homeowners are faced every year with the possibility of severe, potentially disastrous weather events like hurricanes. In these situations, the strength of one’s home insurance coverage can make all the difference.
Home insurance is the financial blanket that protects the value of your assets should they end up in harm’s way. In the case that your home is damaged by severe weather, hit by an errant vehicle, burned in a fire or burgled by a neighborhood thief, your home policy’s hazard insurance coverage can help you to recoup some of your losses by paying out a sum of money based on the value of the covered property that was lost. Plus, home liability insurance ensures that you’re covered in the case of any accident or injury that occurs on your property.
In addition to simply being the best-bet for protecting your personal assets, home insurance is required by Florida law. If you intend to carry a mortgage on your home, it’s also likely that your mortgage lender will require you to obtain home insurance before they will approve your loan and release the necessary funds.
Don’t wait until disaster strikes–get your home and family the coverage they deserve at an affordable price. Whether you’re purchasing home insurance for the first time or looking to add additional coverage/increase coverage limits, the friendly experts at Familia Insurance Agency in Kissimmee FL are ready to help you put together the perfect policy. To learn more about coverage options, monthly premiums and Florida state home insurance requirements, call Familia Insurance Agency today at (407) 847-8007.