Lake Insurance Solutions Blog
With the upcoming hurricane season upon us, are you prepared with your homeowners insurance policy? And do you understand the differences with your deductibles?
Most default homeowner deductible amounts for hurricane/wind damage is 2% of the dwelling amount on the policy. That means, if your home is insured for $300k, your deductible for any hurricane/wind damage would be $6000. Most deductibles for All Other Perils is usually a flat $1,000. All Other Perils would cover any losses NOT related to hurricane/wind/hail......
Most carriers offer flat deductibles for hurricane/wind too. Did you know that? For a small additional premium per year, you can choose a $500 or $1000 flat deductible for ALL losses (including hurricane / wind). You should have your agent (hopefully, that is me!) quote the difference in premium for you. It is much easier to come up with a $500 or $1000 deductible, rather than a $6,000 deductible (using our scenario above).
Please let us know if we can quote yours! Call or email us today....
Lake Insurance Solutions
3779 Lake Center Dr
Mount Dora, FL 32757
Don’t be tricked this Halloween. Beware of hidden exclusions and limitations in your home insurance policy.
When comparing homeowners insurance policies, it’s rarely apples to apples. Coverages can vary greatly from one policy to the next. And sometimes, policies contain special provisions that exclude or limit your coverage in certain situations, like when there’s a hurricane. What you save on premiums up front may end up costing you a lot of money when it comes time to file a claim. Not to mention the stress and surprise of finding out you’re not covered when you thought you were.
Here’s the good news! You can avoid these pitfalls and surprises by thoroughly reviewing your policy with your agent. We suggest you start by discussing the following coverage exclusions:
Welcome to our new insurance agency blog!
This is our very first post. We're not quite sure what we're going to write about here, but the plan is to create helpful content for customers and prospective clients about information that is relevant to you.
We hope you'll come to view this as a top resource for keeping your family and your finances safe.
Here are a few of the topics we may be writing about: