Many if not most South Florida homeowners will get a surprise in their mailboxes before the end of the year: Home insurance premiums are increasing.
Your first instinct might be to look for ways to cut your bill to make up the difference. Insurance experts say you might be able to find hidden savings by taking a close look, along with your agent, at what you are covering, how much coverage you have, the amount of your deductible and whether you are getting all of the discounts you have coming. But be careful, they say, that you don’t put yourself at risk of facing a deductible you can’t afford to pay, or getting too little money to rebuild your home if a catastrophe hits.
We asked Florida insurance experts to help identify ways homeowners can save money at renewal time or at least make sure you are getting maximum coverage for your premium dollar.