It's not hard to understand that through rate increases, severe reductions in coverage and the potential for assessment - Citizens Insurance is telling policy holders in no uncertain terms - they don't want your homeowners insurance business.
Drivers in their late 70s have about the same number of injury-involved crashes per mile driven as drivers in their early 20s. And drivers age 85 and older are injured or killed in crashes at a higher rate than any other age group. This is due primarily to increased fragility that comes with age.
There's no getting around it, if you have a car here in Fort Myers, Cape Coral or Naples Florida and plan on driving it - you must have insurance. Fortunately there are ways you can protect yourself and save money on car insurance without ending up with a useless policy.
One of the most important components of determining premium is the proper calculation of the replacement cost valuation (RCV). Unfortunately, many insureds are unaware or surprised to find that the RCV is not the same as the market valuation.
Making sure you have the correct homeowners insurance coverage is key to protecting that investment when the unthinkable occurs. Here in Fort Myers, Cape Coral and Naples we tend to look at wind storms as the main reason to purchase home owners insurance -
Depending on where you live in Florida, the windstorm portion of your homeowners policy premium is typically between 15% - 70%. A wind mitigation inspection can drastically reduce those premiums, depending on the construction of your home and how well it is designed to withstand potential windstorm damage.
A 2010 study revealed that individual ownership of life insurance was at a 50-year low. All you need to do is take a look at the economic downturn of the past few years, and you will realize just how important it is to have a life insurance policy.
While there are no "magic" bullets in solely reducing the cost of home owners insurance - there are some tricks than can be used to help make the homeowners and auto insurance more affordable.