Home insurance in Lakeland is a very important insurance policy that you should consider getting for you and your family. It is important for a number of reasons. First, having your home insured provides protection in case an accident occurs, allowing for costly repairs to be made once you have paid the deductible.
Without this, it would be highly costly to cover repairs that can be incurred during a fire or other damage to the home all on your won. Besides covering the actual dwelling, many types of home insurance will also cover the content of your home, including furniture, jewelry, stereo equipment, appliances, and other items.
Content that is insured is based on the percentage of the dwelling that is covered. It is really up to you to decide how much or how little is covered, and under what circumstances your insurance company will pay for something, as there are many different types of home insurance. Policies can cover damage caused by a variety of sources, including fire, vandalism, hurricane, lightning, or other specific events.
Some policies also cover liability, in case someone is hurt on the property. It is also important if you are planning on getting a loan to cover parts of the purchase of the home or for additions to the home. Many lenders will require the homeowner obtain adequate insurance before they will fund a loan as a way of insuring their investment.
In order to receive money from your insurance company when something happens to your home and possessions within it, you will first have to file a claim. Once the claim has been issued, the insurance company will normally issue a check to the contractor that is doing the repairs or a check to you to cover the cost of buying new items. It is important to keep up to date with your insurance, as if you drop your coverage and something does happen to your home, you could lose the building and your place to live.
The home is often the biggest asset someone owns, so it is important to keep it protected. Even if fire or wind damage, or some other catastrophic event never occurs, a slip by an uninsured worker who is doing repairs to your home could cost you thousands for medical care and lost wages, money you may just not have. Decide what aspects of coverage are the most important to you, and look for a policy.
Consider where your home is, as home insurance in Lakeland will need to cover different weather variables than that in other states – hurricanes and heavy rains that can cause floods, or lightning that can cause fire are both distinct possibilities in this area.Continue reading
Security First writes in these counties that most companies will not:
Security First offers a variety of insurance products to cover your home or property and keep you secure.
Credits and deductibles are two more important issues that we find that most people looking for homeowners insurance. Properly applied credits and deductibles allow you to maximize your coverage while minimizing your premium. Paying higher deductibles will reduce your premium amount but some mortgage companies only allow certain limit. Your home can qualify for credits based on the year it was built, the type of construction, having an alarm system, and others.
This can be a huge saving, the windstorm loss mitigation credit. Your home may be strengthened against storms and you may not even know it. Depending on the year your home was built or the mitigation upgrades added to it, you may qualify for significant savings on your premium. Be sure to discuss windstorm loss mitigation with your agent.
When insuring your home, there are some very important issues to consider. One of the most important is insuring your home to its proper replacement value.
In the event of a total loss, you will need to rebuild. To determine the most accurate replacement cost for your home, We have powerful tool that allows our agents to calculate as accurately as possible the construction costs of rebuilding your home.
Homeowners 3 – Special Form Policy: Owner-occupied homes with one or two family units and town homes.
Homeowners 6 – Unit Owners Form Policy: Owner-occupied condominiums.
Dwelling Property 3 – Special Form Policy: Dwelling Fire policies are typically used for residential rental properties but may be owner occupied as well. Contents coverage only is also available. Policies can be written for up to four units in a single structure.
Don Westerfeld 8/7/2011 1:36:00 PMContinue reading
The peak threat of hurricane activity is from the middle of August through late October for the United States. For the 2011 hurricane season, the National Oceanic and Atmospheric Administration stated last week that the Atlantic basin is expected to see an above-normal hurricane season this year, according to this seasons outlook issued by NOAA’s Climate Prediction Center.
Across the entire Atlantic Basin, NOAA is predicting the following ranges this year;
The impact of hurricanes is not only limited to the coastline, flooding rainfall, debris and strong winds often pose a threat to inland areas as well. Being prepared is critical, therefore, individuals and families should be ready, before a storm is even forecasted.
Every residence should have a hurricane package with the following supplies:
Most of all make sure your Insurance is active, once a storm is in the box close to Florida you will not be able to get Home insurance or coverage for your vehicle. My name is Don, please contact me with any questions.
Don Westerfeld 5/29/2011 7:39:00 AMContinue reading
A sinkhole, also known as a sink, shake hole, swallow hole, swallet, doline or cenote, is a natural depression or hole in the Earth’s surface caused by karst processes — the chemical dissolution of carbonate rocks or suffosion processes for example in sandstone.
Sinkholes may vary in size from 1 to 600 meters (3.3 to 2,000 ft) both in diameter and depth, and vary in form from soil-lined bowls to bedrock-edged chasms. Sinkholes may be formed gradually or suddenly, and are found worldwide. The different terms for sinkholes are often used interchangeably
On the other hand, covers only a small portion of damages caused by sinkhole activity. Under Florida law, catastrophic ground cover collapse includes geological activity resulting in the following:
Consider the damage that the property must sustain before a government agency would force a family out of their home, and it becomes clear just how worthless this coverage is.
Here in the near future to home insurance polices in the near future. To higher deductibles for sinkhole coverage to buy back option sometimes requiring an inspection and even excluding the coverage all together.
Don Westerfeld 4/29/2011 7:17:00 AMContinue reading
When looking at Lakeland insurance plans and policies, the options can sometimes get overwhelming. Which plan is right for you? First, you must consider the property you want to insure. Options for insurance include homeowners insurance, landlord insurance, renters insurance, vacant land insurance, condo insurance, and vacant home insurance. If you own the property and plan on living in it yourself, homeowners or condo insurance may be right for you. If you own the home but do not plan on living there, vacant home insurance or landlord insurance could be the key. If you are only renting a home or apartment, renters insurance is the obvious choice. And finally, vacant land insurance is often overlooked, but what happens if someone has an accident on your property? Once you have determined which category of home insurance is the one you need, you need to start your research. There are many ways to go about this. Most states offer an insurance website, and this can be a valuable tool at the beginning of your research. These sites offer information including company ratings and any complaints that have been filed. From there, other insurance sites such as J.D. Power can offer more background information, including Better Business Bureau ratings for insurance companies near your ZIP code. After you have done this research, you can narrow your search to a few companies with good ratings that you think might be a good fit. From there, you can comparison shop for the lowest rates. Many websites will offer you instant insurance quotes, helping further narrow your selection even before you call an agent. When you finally place a call, the companies will have agents ready to answer any questions you may have left about their insurance offerings. After you have done this research, you can narrow your search to a few companies with good ratings that you think might be a good fit. From there, you can comparison shop for the lowest rates. Many websites will offer you instant home insurance quotes, helping further narrow your selection even before you call an agent. When you finally place a call, the companies will have agents ready to answer any questions you may have left about their insurance offerings. By doing your homework and researching the companies, you can cut out a lot of the headache involved in finding the best home insurance for you. Soon you will be able to rest assure that your Lakeland property is properly insured. By doing your homework and researching the companies, you can cut out a lot of the headache involved in finding the best home insurance for you. Soon you will be able to rest assure that your Lakeland property is properly insured. Don Westerfeld 3/3/2011 12:55:00 PMContinue reading
State Farm Insurance, a Florida insurance company is canceling some insured’s homeowners policies due to an increased cost of weather related claims.
In fact, State Farm has not written any new homeowner’s policies in the state of Florida since 2005 also the Office of Insurance Regulation said these are the average increases for the following counties:
State Farm has issued 632,000 personal, commercial and residential insurance policies statewide.
According to a report in the Sun Sentinel, some South Florida residents saw their homeowners insurance premiums jump from $2,246 a year to $8,524.
Don Westerfeld 6/7/2011 9:04:00 PMContinue reading
I often find that when asked about their homeowners insurance, many of my clients tell me that they are (covered by insurance from the mortgage company). Which is forced place insurance.
Forced place insurance is usually at least double usually triple what a standard homeowners policy cost, and much more limited in actual scope of coverage.
It is very important if you find that your insurance has lapsed that you get a policy to cover the house and also you as soon as possible.
Do not rely on your mortgage company to protect you or to help you in this matter, contact us today and we can send the bill right to your mortgage company and bill the escrow, or we can set you up on easy payment plans for you.
Be very clear and understand this: if your insurance is canceled or if your insurance has lapsed and you were notified by your mortgage company that they have obtained insurance for you call me, this insurance covers their loan in case of fire/theft/damage but it does not cover the homeowner‘s property or interest.
Don Westerfeld 12/22/2010 4:41:00 AMContinue reading
With home insurance costs rising and with changes made to the wind mitigation discounts, its important to talk with an agent that understands them.
Before you pay for an inspection you should see if you qualify for the new revised wind mitigation discounts.
Even if you save a smaller amount over the years it can really add up. Its your money so you really need to check with your agent or contact us to see if you qualify for any discounts.
Don Westerfeld 10/4/2010 8:51:00 PMContinue reading
Most Florida insureds are unaware of several fees attached to there policy. One is the cat fund created by the state to offset the cost of hurricanes. Easy analogy is taxing someone in a low risk area to subsidize a person in a high risk area. Even if you don’t own a home you are being surcharged on almost all types of insurance, including auto insurance, property insurance, Liability insurance. This article sums it up, as Florida insured myself it really scares me. We are looking at a bad situation.
Don Westerfeld 9/23/2010 9:36:00 PMContinue reading
Most people feel that if they put all of their insurance in one nice package then they are saving money. That however is not always the case. A cable company for instance may offer bundling as a way for you to save money if you put your cable, phone and internet together. This bundling system works for cable companies because cable companies as a whole is not a diverse market. There are only about four to five companies to choose from and in most cases, where you live dictates what cable company you will use. So any type of savings is a good one.
It is very likely that you can still find cheaper policies if you shop around. Being a smart consumer is the best way to see if you are really getting the bang for your buck. Once you’ve done the research, you may find that bundling is not always the best way to go.
However insurance is a horse of a different color. There are hundreds of insurance companies in the state of Florida, all of which specialize in different lines of insurance. Competition is high and insurance companies that give the option to bundle are at an advantage, because bundling can be a way to get added discounts. It offers the convenience of making one payment a month versus two or three and it allows you to deal with only one agent… one insurance company.
But if money is your main motivator you may want to do a little more research. Bundling does allow you to get multi-lined discounts, but you still may be able to find cheaper, separate policies through another agent or with another insurance company altogether. There are so many factors that go into determining insurance rates, so don’t get caught up on the concept of bundling. As a consumer, take the time to do your homework on the companies that you are considering. It’s your money so take an extra week to compare prices and coverage as the two go hand in hand.Continue reading