Choosing the Right Insurance
Choosing the Right Insurance
Michael Schneider-Christians has many years of experience as a real estate agent in Cape Coral and Fort Myers. He offers comprehensive insurance for all your needs. In cooperation with Cape Coral Insurance Group LLC, he also provides financing services for Florida real estate.
In the article below, Michael Schneider-Christians outlines important details about choosing the right insurance when buying Florida real estate.
How to Choose the Right Insurance for Your Property
Dear Florida Investors,
Before you choose insurance for your property, I would like to point out a few important issues that you may want to consider:
Your insurance policy needs to be tailored to your needs to ensure that any claims will be handled swiftly and easily without too many queries. Your home or property needs to be assigned a proper insurance category. The insurance company will appraise the value of your property. Every insurance company has their own licensed or certified appraiser. If the value of your personal property, such as furniture, is over-appraised, this over-appraisal unfortunately has to be accepted. Every insurance company has its own rules.
In some cases, your property may need to be covered by flood insurance. Flood insurance premiums are fixed premiums defined by the Federal Emergency Management Agency (FEMA). Your insurance premium depends on the location of your property.
If you are renting out your vacation home on a regular basis, you may want to think about adding a $1 million general commercial liability insurance policy, to ensure that you won't be liable with your personal assets in case of damage.
In short, you need to make sure that all your insurance needs are covered in the event of damage or loss. However, you shouldn't simply choose an inexpensive policy, because it may not cover any damages or claims, if worst comes to worst. Insurance companies will usually inspect the property to make sure that the information provided is correct. Let me give you an example: We were commissioned to take out insurance for a newly built, unfurnished home. The insurance company was quick to assume that the house was uninhabited and, therefore, vacant. We were able to prove that the owner recently had bought the house and that his relocation was still pending.
In this respect, I would like to point out the following: When buying a house, it does pay off to compare property prices as well as insurance policies to ensure that your home is neither over- nor under-appraised. The value of your property will always be determined by an appraiser from an insurance company.
We are looking forward to helping you find the insurance that is right for you, so that you can enjoy your property to the fullest possible extent and do not have to worry about insurance.
Sincerely,
Michael Schneider-Christians, CSR
Partner - Business Development
Cape Coral Insurance Group, LLC - ALLSTATE Agency
4529 SE 16th Place, Cape Coral, FL 33904
PH:+1 239-471-0600 FX: +1 239-471-0608
eMail: MichaelSC@allstate.com
Website: www.allstateagencies.com/CapeCoral
Additional information: Link
