There are a variety of things that new homeowners need to know about home insurance before buying a house. Fortunately, Patrons Insurance Agency, Inc. is shining some light on a few importance points.
Largo, FL (PRWEB) January 07, 2013
The agents at Florida insurance agency, Patrons Insurance Agency, Inc., are educating new homeowners on the ins and outs of home insurance this year with the launch of a new Home Buyers Resource Guide. There are a variety of things that new homeowners need to know about home insurance before buying a house. Fortunately, Patrons Insurance Agency, Inc. is shining some light on a few importance points. Since home insurance should be purchased once one has made an offer on a home, it is important to have a full understanding of it beforehand.
First, it is important to have a home inspected. Two of the most common and important inspections: 4-Point Inspection and Roof Certification.
- 4-Point Inspection: If the home being purchased is over 30 years old, it is much more likely that this type of inspection will be required. It will look into the condition of the roof, electrical system, plumbing and A/C system. It can cost anywhere between $65 and $100.
- Roof Certification: This type of inspection is necessary if the home is over 20 years old and has a hip or gable roof. If the home has a flat roof, this inspection is required after only 10 years. Either way, this inspection will be done to prove that the roof has 3-5 years of useful life left. It could cost anywhere between $45 and $80.
Next, it is good to understand which discounts homeowners can apply for. One of the easiest ways to save money on Florida home insurance is to have a Wind Mitigation Inspection done. This type of inspection will evaluate how well a home can withstand a wind storm. A home may be qualified for wind mitigation discount if:
- The roof has been replaced since March of 2002;
- The home has a hip roof;
- There are hurricane clips connecting the roof to the walls.
The above inspections are all necessary for insurance purposes. The good news? Some inspection companies will give discounts to those who have all inspections done with them.
Last but not least, homeowners must understand that a typical home insurance policy will not cover flood. Flood insurance must be purchased separately. For those who live in a flood zone, flood insurance will be required by the mortgage company. It may be in a new homeowner’s best interests to find out if the home they are looking at is in a flood zone.
The agents at Patrons Insurance Agency, Inc. are committed to educating the Florida community on Florida home insurance. To learn more, do not hesitate to check out information on the agency’s website, here.
About Patrons Insurance Agency, Inc.:
Patrons Insurance Agency, Inc. is a family owned and operated Florida insurance agency. The agency has been protecting families and businesses since 1991, and it works with each client to get the best coverage for his or her unique situation at the lowest possible cost. The fact that it is an independent insurance agency means that Patrons Insurance Agency, Inc. works for you, not the insurance companies. You’re more than a number to us. Our clients are our friends and neighbors. They’re real people who need real solutions to their insurance concerns. At Patrons Insurance Agency, Inc. we’re proud to offer the more effective home, auto, business and health insurance solutions – and so much more!