best auto and home insurance for seniors: best homeowners and auto insurance for seniors 2025 blogsrabbi:- Hey everybody, Jason Levine with Harry Levine Insurance here to help you understand your homeowner's insurance quote People are shopping now more than ever, particularly for homeowners insurance, as litigation continues to spiral out of control, particularly here in Florida, leading to premiums that are only Rising by the minute, it's important when looking at a homeowner's insurance quote to not skip right to the bottom line. best auto and home insurance for seniors: best homeowners and auto insurance for seniors 2025 blogsrabbi
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| best auto and home insurance for seniors: best homeowners and auto insurance for seniors 2025 blogsrabbi |
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There are going to be a lot of similarities between quotes, but there are some things, particularly if you're comparing one, two, three, or more quotes, to really make sure that you pay attention to, first of all, what's your coverage? That's the dwelling amount or the amount that your home is insured up to for the physical structure.
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If you're comparing quotes and the numbers are different between quotes, why is that? You should talk to your agent or agents that are working with you to determine why they've come up with different values for the home.
- The likely answer is that they're using different computer software to calculate the reconstruction cost.
- The best advice I can give right now about what that coverage should be is that construction costs are not immune to inflation, and they're higher than
- I've seen them in the entirety of my career at this point, so it's important to make sure that you're not insuring for what you think a market price is or what you bought your house for several years ago or even decades ago.
Best homeowners and auto insurance for seniors blogsrabbi
What you're trying to do is come up with a number that basically says,
- God forbid your house burns down, blows away, or otherwise mysteriously disappears, you're going to be able to rebuild it today, right now, just the way it was, perhaps with some changes that bring it up to current building codes."
- Another very important thing to pay attention to is deductibles. A lot of people will look at deductibles and see something like 1000/2 percent, and in their mind, the deductible is a thousand dollars.
- what's really going on there is the all other perils deductible or the deductible for everything other than a named
- Windstorm like a hurricane or tropical storm is in fact a thousand dollars however two percent of the coverage a that we just discussed is the deductible for a named.
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Windstorm like a hurricane or tropical storm we're now seeing more companies use that percentage-based deductible simply for wind and hail not just named storms that means an afternoon thunderstorm a hail storm or that named storm would trigger that percentage-based deductible to make it very simple if your home was insured for one hundred thousand dollars and had a two percent deductible you would have a two thousand dollar percentage-based deductible for either named storm or all wind and hail that's versus that one thousand dollar are deductible in the example for all other perils or everything else but that wind activity.
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Another thing to look for is coverage limitations. it's become increasingly common that things like animal liability and water damage are either completely excluded from a policy or they have a sub limit meaning if your home is insured for two hundred thousand dollars but there's a ten thousand dollar water damage sub limit even if there's thirty thousand dollars worth of damage a certain policy might only pay up to ten thousand dollars so when comparing quotes it's important to understand what are those supplements and does each quote have them or is one quote giving me full limits which is probably why it's a little bit more expensive whereas another quote is sub limiting my coverage for a certain.
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Peril or risk or cause of loss and that's why that one's a little bit less expensive That's something you should really lean on your independent insurance agent to understand.
You see, it's our job as agents to be educators. It's our job to make sure that you understand what it is that you're purchasing, so please work with us; work with your agent; make sure that you're not just looking at the bottom line; make sure that you're understanding Does this quote include a pool screen enclosure for Windstorm, or does it not?
If a hurricane comes, one of the most likely things to happen if you do have a hurricane comes one of the most likely things to happen if you do have a screened pool or screened patio is, well, you're not going to have that screen attached to your home anymore. Does your policy cover that? Those are the questions and many, many more that allow us to show our value to the public and show our value to our fami of clients.
We're here for you, and if your agent isn't, well, it's time to find a new agent, and we're here for you and if your agent isn't well time to find a new agent and we're ready to pick up the phone.
