This post goes out to those members in Florida and any consumers who have real estate in the State of Florida. As we all know the cost for hazard Insurance in our state has gone up considerably in the past few years. I see this first hand because we generally secure insurance quotes from various Insurance companies as we work on financing a client's loan. In the past couple of years it was not uncommon for us to see insurance premiums range from $1,800.00 to $2,800.00 for homes with values from $250,000.00 to $325,000.00.
I have always had one preferred Insurance company that generally gave us the best quotes every time. Although we would still get quotes from other providers, this one company always came in lowest. Well, a few weeks ago I requested a quote for a client buying a home for $225,00.00. The insurance quote came in at $918.00. When I first looked at this I thought there was a mistake, so I called the provider and sure enough, no mistake was made. That was an accurate quote.
The company I use is FEDusa in Naples, Florida. Their phone number is 239-774-9010. What prompted me to write this blog today was that I just received a quote for a new client. Purchase rice on this SFR is $175,000.00. The home is 1,700 ft2 in Lee County, Florida and the quote for coverage is $975.00. This is an outstanding bargain for Florida Insurance coverage. This coverage has a $1,000.00 deductible.
I also had this company give me a quote on my own home. My home is valued at $366,000.00 my old hazard insurance coverage was $2,100.00 and the new quote was $1,400.00. That is one heck of a savings.
Next time you or one of your customers needs insurance coverage please call these folks. They are extremely fast at getting quotes back to people (I've had many insurance companies take a week to respond), they speak English and Spanish. Hilda Umpierre is the owner of this branch and her main assistant is Amanda.
4628 Tamiami Trail East
Naples, FL 34112
Please tell them that Sean Allen referred you to them. No, I do not get anything out of promoting this company, but I do believe in promoting those people & companies that make my business run smoother and provide a better than average service. FEDusa is a major TEAM player for us when it comes to helping our customers. The stronger the TEAM, the stronger we all become.