7 Tips To Save Money on Orlando Home Insurance

BUY A NEWER HOME

Since newer homes tend to conform to the most updated building codes and are generally made with newer materials that have not had time to wear and weather, your insurance

company should give you a discount.

If you’re the first owner in the home, make sure your insurance agent

knows about it.

MOVE AWAY FROM THE WATER

Residential properties near bodies of water are fantastic for activities and

scenery, but can cause your homeowner and flood insurance

prices to be higher.

With flood insurance especially, living in a flood plain will raise your

premiums substantially.

RETIRE

Since retired individuals tend to spend more time around the house and would be quicker to notice the building on fire or deter a burglar, it

will save you money.

The cost savings on your insurance won’t justify an early retirement, but it’ll be nice when the income is less

consistent.

If you retired since the inception of your policy, let your agent know

about it, you’ve got the time!

PAY ON TIME

Insurers don’t like to get paid late, do you? Many will even tack on

additional surcharges or take away discounts if you are late on a

payment.

Make sure your home insurance policy always gets paid on time, even if your mortgage company is handling

the payments directly.

RENOVATE PLUMBING, ELECTRICAL, OR HEATING SYSTEM

Especially if you live in an old home, having a major renovation done to

your property can reduce your insurance costs.

BE CAREFUL: If your renovation work is not done by a licensed contractor,

you may have trouble with your insurance carrier and they may even drop you! Check with your carrier

beforehand.

DON’T FILE SMALL CLAIMS

Homeowner’s insurance exists to save you from being wiped out entirely, not from getting a large bill. The

decision to file a claim depends on repair costs, how quickly the damage needs to be fixed, and how much you

can afford to pay out of pocket. It should NOT depend on your belief

that “since I’ve been paying all these years, I may as well submit a claim”.

BE CAREFUL: If you don’t file a claim and don’t repair damage and things

get worse, you may face a much larger claim that your insurance

company could deny and getting your insurance cancelled.

BUY AN UMBRELLA POLICY

An umbrella insurance policy provides liability coverage in excess of the

limits provided on each of the other policies you own. If you have home, auto, motorcycle and boat insurance,

all with a million dollars of liability coverage, you could purchase one umbrella and reduce the liability

coverage on each individual policy.

BE CAREFUL: Most umbrella policies have required underlying limits for each individual policy and failure to

fulfill those limits can result in no umbrella coverage.

SunGate Insurance Agency - Lake Mary, FL

SunGateInsurance.comSunGate Insurance Agency1337 S International Pkwy

Ste 1311Lake Mary, FL 32746

(407) 878-7979