October 25, 2022 at 2:33pm | Laurie Scherer

Insurance costs are going crazy in Florida, but here’s what you can do.

Insurance costs have been skyrocketing all over Florida. If you saw your costs double or even triple, what can you do about it?

Some of the cost increases we’ve seen are because clients’ roofs are 20 years or older. However, just because a roof is old doesn’t mean it’s in bad shape. We have a fantastic program if you have an older, healthy, and intact roof. Just reach out to us; we’ll walk you through the process step by step so that you can lower your premium.

On the other hand, maybe you’re taking premium increases as a sign that you need to replace your roof. In our opinion, the condition of your roof is what matters, so we recommend you get an inspection before pulling the trigger on a roof replacement.

"Don’t let an insurance issue tank your transaction."

So what does this mean for buyers and sellers? Whether you’re paying cash or using financing, you should purchase insurance when buying a home. When you do your inspection, you’ll send the reports to your insurance broker. Based on this, they’ll either offer you different programs or tell you that the home isn’t insurable. However, this doesn’t mean you can't get insurance; it just means that the broker doesn’t offer a carrier that works for you. Shop around until you find a program that fits your needs.  

Don’t let an insurance issue tank your transaction. If you have questions about this topic or anything else, please call or email us. We’d love to help you!



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