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Steer Clear of Citizens Property Insurance!

Steer Clear of Citizens Property Insurance!

It’s not worth the low premiums!

With very little coverage, Citizens Property Insurance is Florida’s “insurer of last resort.”

 

The last few years have seen insurance premiums increasing at an alarming rate. Throw in unemployment caused by a global pandemic, and it’s no wonder many households are at a financial breaking point.

As a result, many homeowners are turning to the marketplace to seek out cheaper coverage. In some cases, the cheapest option is a policy with Citizens Property Insurance.
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What Is Ordinance or Law Coverage?

What Is Ordinance or Law Coverage?

Building codes change with surprising rapidity.

Ordinance or law coverage might be able to help.

 

Florida homeowners have a lot of freedom and flexibility when it comes to their homes. From paint colors to whether or not to install a pool, you have a choice about what changes to make to your property.

But if your house is destroyed, there are many projects that you will have to undertake, even if they’re out of budget.

Luckily, Ordinance or Law coverage can protect your home, your family, and your budget against covered losses.
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Why are Home Insurance Quotes So Different?

Why Are Home Insurance Quotes So Different?

If you’ve shopped for home insurance recently, you might be wondering something…

Why are home insurance quotes so different between carriers?

 

It’s great to get home insurance quotes from multiple companies before settling on one. After all, isn’t that how you get the best value on your insurance?

But it begs the question,” why do homeowners insurance quotes differ so much?”

In last month’s article, “How Does Insurance Work?” we discussed how certain risk factors (or liabilities) can increase the amount you have to pay toward your premium or deductible. This might explain why insurance on your three-bedroom ranch is so different from your sister’s McMansion, but can it explain why your house received four completely different quotes from four different companies?

Turns out, there is a good explanation for that!
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4 Reasons Your Home Insurance Premiums Increased

4 Reasons Why Your Home Insurance Premiums Increased

You haven’t filed a home insurance claim in years…so why do your rates keep going up?

Here are four reasons why your home insurance premiums increased (that have nothing to do with your claims history).

 

Like most Florida homeowners, you probably noticed that your home insurance premiums increased over last year, even though you didn’t file a single claim. What’s up with that?

If you’ve always assumed that increased premiums are caused by increased claims, you’re right. But that’s only part of the story.

There are several reasons why your home insurance premiums increased recently (and why it’s likely they will next year, too) that have nothing to do with how many claims you filed.

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10 Common Home Insurance Myths Debunked

10 Common Home Insurance Myths Debunked!

There’s a lot of misinformation about homeowners insurance. Let’s set the record straight.

Learn the truth behind these common home insurance myths so you can make educated decisions about your coverage.

 

As of April 2020, there are no laws in Florida that require you to get homeowner’s insurance. And yet, it’s one of the most important things you will ever buy.

But how much do you understand your insurance policy?

Many of our clients find the insurance industry confusing…and we can’t blame them! Between the lingo, legal jargon, and exceptions to the (many) rules, it’s no surprise that certain common home insurance myths have stuck around.

At Harry Levine Insurance, we love to help our clients better understand their insurance policies so they can make informed decisions about their coverage. In this article, we’ll dispel some of the most common home insurance myths.
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Dwelling Insurance Explained

What is Dwelling Insurance?

Welcome back to Harry Levine Insurance on YouTube. I’m Jason Levine and I’m here to talk to you today about dwelling fire insurance.

 

What is Dwelling Insurance?

A lot of people don’t know the difference, nor should they, between homeowners coverage and dwelling fire insurance. The two types of policies are actually very, very similar; the principle difference is in the design.
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The Importance of Vacant Home Insurance

The Importance of Vacant Home Insurance

There’s a big difference between “vacant” and “unoccupied” homes. Most homeowners don’t know the difference. But insurance carriers do.

Keep reading to see if you need vacant home insurance and why it’s so important.

Insurance companies really hate unpredictable risk.

After all, “unpredictable risk” means “unpredictable claims.” And “unpredictable claims” make naming the right price very hard. Remember, the insurance company needs to be able to pay out to you and cover its own costs!

When risk is predictable, the insurance carrier can charge you reasonable premiums and pay out on claims. But getting insurance for a vacant home makes risk a lot more unpredictable.
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5 Things You Need to Know About Home Insurance

Whether you’re a first-time homebuyer or you’ve owned your home for 50 years, you might still have a lot of questions about home insurance. Hey, I get it! Insurance can be confusing and overwhelming.

But, if you own a home, you should understand your home insurance coverage. In this video, I’ll go over 5 things you need to know about home insurance to bring you one step closer to total insurance mastery!
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Builder's Risk Insurance for New Construction in Horizon West, FL

Builder’s Risk Insurance for New Construction in Horizon West, FL

Nestled between Clermont, Winter Garden, and Windermere lies the burgeoning neighborhood of Horizon West, Florida. With easy access to both Disney World and downtown Orlando, it’s easy to see why Horizon West could make 34787 the next “it” zip code.

Local builders seem to think so. Construction is underway for dozens of subdivisions in the area. And one thing that no new construction project should be without is adequate builder’s risk insurance.

Just because new construction homes aren’t occupied doesn’t mean they aren’t full of risk. Here’s everything you need to know when purchasing builder’s risk insurance.
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What is an Assignment of Benefits Agreement? (And why shouldn't you sign one?)

What is an Assignment of Benefits Agreement?

You come home from work one day to find that a leak under your sink has sprayed water all over the floor. Panicking, you shut off the water main and call the first plumber that pops up on Angie’s List. He fixes the leak and recommends a company to take care of all the water damage.

You’re satisfied with their work, so you take the referral and call the remediation company. But when they show up, that’s when the problem starts.

They present you with an Assignment of Benefits form and say that they won’t start work until you sign it.
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