A famous tourist destination for many is Miami, which many flock to for its sunny weather, amazing resorts, and also just to have a good time. However, this popular spot is also known to have hurricanes frequently. A Hurricane is an act of God, which affects both life and property that has caused Home Insurance Florida to shoot up. It is true that Florida has experienced the largest amount of hurricanes, storms and cyclones in all of America for the years 2000 to 2007. The number of cyclones and hurricanes were about 60 and caused damage that equaled to around 64 billion.
A lot of people living in Florida have inadequate insurance and aren’t protected against natural disasters such as hurricanes. After the events of Hurricane Katrina and the devastation that occurred, a lot of people, especially those who live in Kansas and Florida started checking their existing policies to include insurance against natural disasters. Despite the fact that the cost of insurance has increased because of the frequent storms, it is still important to get the protection you need. Paying an additional $500 for insurance is still a much better deal than losing your $150,000 home over a disaster.
One thing you should keep in mind is that being insured against hurricanes doesn’t mean that you are insured for flood damage. Normally home insurance policies don’t cover damage from floods even if the flooding is due to a hurricane. This is because the insurance policy will only include protection from wind damage. If you live in Florida and want to protect yourself from floods, what you should consider is the insurance program from Feds National Home or a policy similar to this that can keep you insured against floods.
When getting insurance, remember to always go through the fine print. A lot of insurance companies offer an All Perils coverage that may seem to keep you covered for everything but when you read it, you will be shocked to discover that not a lot of natural disasters are covered. Usually disasters such as floods, earthquakes, subsidence and landslides are left out, which is why it is important that you read all the details before investing your money. Insurance costs normally depend on the value and size of your home along with the geographic setting in your area.
There are a couple of tips you should keep in mind if you want to avoid paying a large sum of money but still want to be completely insured. First, you should research the area and surroundings of your home. In Miami, mine subsidence isn’t really an issue, however this could be something that needs to be checked out in other parts of the state including fault lines, earthquakes, sinkholes, and other similar problems. Low risk flood areas are known as X or C, while high risk flood areas are known as V or A. Despite being in an area that is at a high risk for earthquakes and flooding, there are still ways for you to lessen the cost of Home Insurance Florida by fixing up your home and taking necessary safety precautions.