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My safe florida home wind inspectionsMy annual homeowners insurance bill came in the mail the other day.  It's not due until the end of April, but it is always sent out 2 to 3 months ahead of time. I was very curious and a bit nervous to see what my premium was going to be this year, as I felt certain that it would probably go up (as they always seem to - you know how insurance is.)

Well, the bill was the same as it was last year, $698.00.  I was absolutely tickled! 

In 2007 my insurance premium was over $1700.00 a year.  Then I had a free wind inspection done on my home. A certified, licensed inspector came out and checked the doors, the windows, storm shutters (if there are any), the roof, the bracing on the roof and any upgrades made to the home.  The items that they focus on are items that will keep your home protected in case of a tropical storm or a hurricane. If you don't have wind upgrades to your home, then they recommend the necessary precautions you should take to prevent severe damage in the event of a storm. 

In many instances, if your home has been upgraded with new windows, a newer roof, storm shutters, you may be eligible for deep discounts on your insurance policy.

Since I had a new roof in 2005 and a new garage door my annual insurance premium went from over $1700.00 to $698.00.  I couldn't believe the discount.  I have told many, many people to have the inspection done and most have saved no less than $300 to $500 a year on their insurance.

The state of Florida is still offering wind inspections to residents on their single family Florida properties through the My Safe Florida Home website. 

They performed 400,000 inspections for free.  Although the free inspections are no longer available, you can pay to have the inspection done.  I believe the cost is approximately $150 - $200, but check with the individual inspector to be sure. Certified inspectors can be located online on the My Safe Florida Homes Webite.  It may be well worth the cost of the inspection for the savings on your annual insurance.


 

This article is authored by Sandy Shores, Brevard County Real Estate

Melbourne Florida Real Estate News

 

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12 Comments on Want to Lower Your Annual Insurance Premium in Florida?

JAN
26
2009
422,778 Points 20 Featured Posts Localism Sponsor Called Shot Master

Wow Sandy !! That is a huge savings! Besides the savings in your premiums, it seems like the inspection could save 400,000 people from losing their home in a Tropical Storm or Hurricane!! What a spectacular idea! Thanks for the great post, Sandy!
10:08am • #1
800,514 Points 72 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Sandy, I always like to see good news on a Monday morning! An ounce of prevention. So by getting the new roof and garage door the insurance savings are actually paying for the improvement. How cool is that...
10:08am • #2
510,459 Points 25 Featured Posts Outside Blog Attended Rain Camp

Hi Miss Mary, It's a great program!  That was the intention of the program to help save insurance companies and homeowners major losses during a storm.

Hi Paul, You're absolutely correct!  They even had a matching grants program, where they would agree to match the cost of putting on a new roof, new windows, new storm shutters, new garage door. I think it was up to $5000.  So they would match you dollar for dollar.  The irony of the situation is that I lost my roof during Hurricane Jeanne and Frances in 2004, as did many of my neighbors and friends.
11:40am • #3
1,064,316 Points 156 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Sandy, the Florida insurance bills for homes seem like they even exceed Texas now, where we used to have the highest ones in the nation. It must be that hurricane premium that is sticking with you.
5:17pm • #4
Hit Router Attended Rain Camp

Sandy, that is great news. We have heard so much about how high homeowners premiums had gotten in Florida.
8:43pm • #5
560,020 Points 3 Featured Posts Called Shot Master

Sandy,

This is really awesome information.  I wonder if they would give discounts in Missouri.  We have tornadoes....

Ann Hayden not enjoying the snow/sleet in Wildwood, Missouri
10:21pm • #6
JAN
27
2009
508,721 Points 8 Featured Posts Outside Blog Called Shot Master

Sandy,

Does this mean that the condos built to withstand hurricanes will not have a high insurance bill?
10:01am • #7
510,459 Points 25 Featured Posts Outside Blog Attended Rain Camp

Hi Gary, After the hurricanes of 2004 our insurance premiums sky rocketed.  Between that and increased tax bills it drove some out of their homes or into foreclosure.

Hi Rich, The My Safe Florida Home Program has been great in helping homeowners prepare for upcoming storms and to safe hundreds on their homeowners policies.

Hi Ann, This is great info for those here in Florida

Mike, I know that they are looking at properties more favorably that were built after 2005, as they were built with much more stringent building codes (since they changed after the 2004 hurricanes.)  The updated building codes are definitely a factor in these owners get quoted lower insurance premiums.   For older properties though, the Florida wind inspections can only be completed on single family homes.
10:33am • #8
560,020 Points 3 Featured Posts Called Shot Master

Sandy,

You are a wealth of knowledge...  Thank you for all you share!

Ann Hayden wishing the freezing rain would stop in Wildwood, Missouri
11:45am • #9
508,721 Points 8 Featured Posts Outside Blog Called Shot Master

Thanks Sandy, that makes a lot of sense. Wouldn't the high rise condos be built to higher building code than one or two level? For instance, 19 story condo building built in 1998 right on the ocean.
1:08pm • #10
JAN
28
2009
510,459 Points 25 Featured Posts Outside Blog Attended Rain Camp

Hi Ann, Thanks for the nice compliment. Well appreciated!
8:58am • #11
510,459 Points 25 Featured Posts Outside Blog Attended Rain Camp

Hi Mike, I don't know exactly what the building codes and restrictions are for condo construction, although I would certainly agree that ocean front units would have to have very stringent construction standards.  Funny, in some areas of our county, even with the stringent building codes to make these units structurally safe, it's erosion at the base of the units that is becoming the very serious issue.  In some spots the sand just keeps washing away.
9:02am • #12

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Sandy Shores - Melbourne FL Real Estate ,Realtor®, M & M Real Estate Inc.

Melbourne, FL

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