Everything to Consider When Switching Home Insurance Plans in Florida


It’s always good to shop around when it comes to your home insurance, but this can eventually mean that you make the switch from one company to another. However, it’s not as black and white as that. There are several things you want to consider when you switch your home insurance plan in Florida, and we’ll outline the biggest ones for you below.

Coverage Tiers

Most insurance plans come with coverage tiers to them that allow you to have a little more freedom with what coverage choices you get at any given price point. When you search for new companies, make sure that you’re getting more for the price. If you can’t, your coverage tiers should at least offer you what you’re getting with your current companies. However, one of the biggest reasons people make the switch is to get the coverage they need at a lower price. Carefully look at what the company will and won’t cover at each tier. Compare this to your current coverage options to ensure you’re getting a better deal.

Discounts

If you’ve been with your current home insurance company for years, you most likely have several loyalty discounts. Double-check and see if you’ll get any more discounts to help you save in the very near future. If not, look at new coverage options and see what they have for discounts. Many companies offer discounts for new members to entice them to buy. Look at the loyalty discounts with the new companies and see if it makes sense to switch and stay with them. If it doesn’t, and there are very few opportunities to save, it’s a good idea to keep looking.

Riders

Coverage riders are additional options you can add to your current insurance policy to help protect your home. One big coverage rider in Florida is flood insurance and wind or storm insurance. First, check that any potential companies you look at offer the additional coverage riders you need. Some may not have a rider available specifically aimed at tropical storms, wind, or floods. In Florida, this isn’t something you want to go without coverage for. If they have them, check the cost. The goal is to find a company that will have all of the coverage options you need available while charging less for them.

Claims Processing Times

This one may be slightly trickier to find out, but you can always call and talk to an agent to ask this specific question. When you have a problem with your home, and you need to file a claim, you need a fast claim processing time. The faster they process it, the quicker you can get the funds you need to repair or rebuild your home. Ideally, any company you choose for your home insurance plan will offer expedited claims processing times. If you’re curious, you can check around for reviews. People will tell you whether or not a company is responsive when they needed them.

Premium Amounts

Your premiums are the amount of money you pay for your home insurance coverage each year. The lower your deductibles are, the higher your insurance premiums are. Once you get all of the coverage options you need, compare the premiums. They can vary from company to company, and your personal history will factor into the final amount. Ideally, you’ll get all of the coverage you need while paying less for it with your new company. Discounts can factor into how much you pay, as can your various coverage levels.

Customer Service Availability

Usually, a problem with your home won’t happen inside of normal business hours. This is why you need to make sure that you have a 24/7 line to customer service representatives available that can assist you if you have questions or concerns about filing a claim. It should be easy to get in contact with these representatives, and they should be able to guide you through the claims process. This availability extends to finding out the status of your claim. You can ask an agent about the customer service availability before you switch.

Proper Licenses

Both the agents and the home insurance company itself should have the proper licenses in place. Florida has a licensee search that you can use to find out if both the company and the agent themselves have the correct licenses in place. This can help to protect your home and yourself if something were to go wrong, and you needed to submit a claim. Also, make sure that the licenses are current and up to date. If they’re not, it’s time to start looking at other insurance companies.

Coverage Caps

The coverage cap refers to how much money your home insurance company will payout in the event that you file a claim. Obviously, it’s important that your coverage cap is higher than the amount you need to insure your home. If it’s not, you could find yourself paying out of pocket to repair or rebuild part of your home if something were to happen. Most insurance companies come with different coverage caps, so it’s important that you take time to compare your options and write down whatever you find before you make your final choice.

Nsure Can Help You Find a New Home Insurance Policy

If you’re looking for a new insurance policy for your home, Nsure offers a fast and efficient way to compare options from over 40 top-rated companies in the United States. You can compare coverage options, costs, deductibles, riders, and more right from an app. When you find the coverage that suits your needs the best, Nsure allows you to purchase it straight from your phone and make the switch.

We invite you to take a look around. All you have to do is answer a few simple questions and get tailored quotes for your home in Florida. You can contact us with any concerns or questions you may have. We look forward to hearing from you.