Home Insurance in the Sunshine State Isn't Always Sunny
Private Insurance: What to Understand Before Buying a Florida Home
Before you buy a new vacation home or condo in Florida, there are a few things you should be aware of. Picking a beautiful home and purchasing it is easier said than done. First off, the Sunshine State has incredibly strict building codes in comparison to the rest of the country. There’s a high risk of extreme winds, flooding and hurricanes.
Here are four things to know before purchasing your Floridian escape:
- Uniform Wind Mitigation Report – Also known as the “wind mit form.” Make sure you order this report and have it completed to indicate the mitigation features you have in your home. Many insurance companies will require this form.
- Building Code Enhancements – Florida is separated by wind-borne debris regions, and codes often vary between the regions. The location of your home can change the code requirements; therefore it’s essential to ensure the home you’re interested in meets the code in that particular area.
- Age of the Home – Homes built before 1994 and 2002 (when the building code enhancements were put into place) can often require costly upgrades and repairs to meet new wind mitigation standards. Some insurance companies require these upgrades to be done before insuring the home. Have an inspection done before closing to ensure the property is up to code.
- Roof Shape – Try looking for properties with a hip style roof instead of a gable style roof. Gable style roofs are often less sturdy in the case of extreme winds and having a hip roof can make you a candidate for large discounts.
Here at Assurance, our ‘A’ Team experts excel in providing homeowners insurance for our clients. Beyond writing your policy, we’re here to help you minimize risk and maximize health by getting your property up to code and providing emergency plans and checklists in case of emergency. Chat with an expert today.
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