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  #1  
Old 02-01-2011, 03:17 AM
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hedoman hedoman is offline
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Default Home Insurance

OK we did it and will be going to closing in a few weeks. Everybody here on TOTV are to blame for us throwing it all away an moving to TV full time! Thanks! We are excited..
Just one question about home insurance. What do you have? Fire, flood etc. Is there hurricane coverage?

Thanks for your help

See you on the links

  #2  
Old 02-01-2011, 08:28 AM
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Army Guy Army Guy is offline
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Have normal coverage which usually covers all "perils". Did not get flood since we sit on top of a hill.

Army Guy
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  #3  
Old 02-01-2011, 08:31 AM
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hedo...congrats to you. Best decision you'll ever make.

Insurance ... normal fire and liability coverage. Hurricane (windstorm) coverage is required ... can be done as either a fixed deductible (recommended) or as a % deductible (e.g. you pay the equivalent of 3% of the insured value of your home as deductible before coverage kicks in.... on a $200K house this would $6K out of pocket).

Flood insurance is optional ... there are camps for and against it. You can search prior threads on TOTV.

Sinkhole insurance is handled differently by different carriers...some it is an add-on others it is included. Again, different camps on this but repairs can be extremely expensive and Sumter county is a high risk area. Also, check out deductible options.... fixed or % of home value.

All in all, for Florida, homeowners insurance rates here are reasonable.

Good luck with the move!!!
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  #4  
Old 02-01-2011, 09:02 AM
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I've been blamed for alot over the years. Helping you move here I'll take as a compliment. WELCOME. Remember one thing no mater how hot or cool it gets here NO MORE SNOW. As for insurance sink hole was my only add on.I figure the waters got to be pretty darn deep to reach us.
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  #5  
Old 02-01-2011, 09:09 AM
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Quote:
Originally Posted by villages07 View Post
hedo...congrats to you. Best decision you'll ever make.

Insurance ... normal fire and liability coverage. Hurricane (windstorm) coverage is required ... can be done as either a fixed deductible (recommended) or as a % deductible (e.g. you pay the equivalent of 3% of the insured value of your home as deductible before coverage kicks in.... on a $200K house this would $6K out of pocket).

Flood insurance is optional ... there are camps for and against it. You can search prior threads on TOTV.

Sinkhole insurance is handled differently by different carriers...some it is an add-on others it is included. Again, different camps on this but repairs can be extremely expensive and Sumter county is a high risk area. Also, check out deductible options.... fixed or % of home value.

All in all, for Florida, homeowners insurance rates here are reasonable.

Good luck with the move!!!


An additional point re: sinkhole coverage - Our insurance company requires an independent third-party inspection of the property prior to issuing the add-on sinkhole coverage. Many other companies, on the other hand, just issue the coverage without any inspections.

Congrats on your decision, too!!!

Bill
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Old 02-01-2011, 09:51 AM
784caroline 784caroline is offline
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Bill

Just Curious...who is your carrier?
  #7  
Old 02-01-2011, 10:00 AM
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Originally Posted by 784caroline View Post
Bill

Just Curious...who is your carrier?
caroline - The carrier is Security First Insurance. The agency we got it through is Brightway Insurance out of Jacksonville - owner/agent I've dealt with is Rita Canty (904) 646-1850.

Hope that helps!
Bill
  #8  
Old 02-01-2011, 12:40 PM
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My sinkhole is covered on my normal policy.

Army Guy
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