Some Important Tips you should know about Homeowners Insurance in Fort Myers

1. Some Important Tips you should know about Homeowners Insurance in Fort Myers The age of the home is only one part of the puzzle when it comes to how insurance companies determine what you will pay for your homeowner’s insurance premium. And, we’re not really surprised that you’re confused over the way premiums get priced. When Sam deals with homeowners insurance companies, he is also typically somewhat confused and puzzled. But let’s start by talking about the characteristics an insurance company will evaluate when pricing your insurance policy: the home’s size, the materials with which it’s built, the location, the age and the type of property (condo vs. single-family home). In addition, you might “earn” a discount off the policy if you buy your homeowners insurance policy and condominium association insurance policy together or if you install an alarm system. We provide service like homeowners insurance, condominium association insurance, work compensation insurance Hurricane insurance .We provide our services in Fort Myers, Bonita Springs, Cape Coral, Okeechobee, Clewiston and Labelle. The insurance company might look at its charts or computer models and figure out that it will cost about $200 per square foot to rebuild each of these homes. So, the insurance company would have to shell out $400,000 to rebuild your home and $800,000 to rebuild your parents’ home. But if one of the homes has top of the line finishes and the other is in lousy shape, the cost differential to rebuild might be even greater and it might even be more than the market value of the property. That’s why insurance companies look at the age, type of construction, the finishes, the amenities, location (because the cost to rebuild might be greater in one location than another due to local

2. building codes and extreme weather hazards) and a multitude of other factors to come up with a number. Say your home is in a remote area, and getting supplies and contractors to that remote area is costly; we’d expect your homeowner’s insurance premium to be higher than if the insurance company had to rebuild the same property in a lower-cost area where supplies and tradespeople are readily available. Insurance companies may also look at your credit score, credit history and past claims history to determine pricing. Still, you need to make sure you’re buying the proper type of insurance and amount of coverage so that you can build should catastrophe strike. Contact us 239-204-3211.