Three big Florida homeowners insurance deal breakers you need to be aware of
If you have been searching high and low for the right Florida homeowners insurance program for your specific needs – and your specific property – but haven’t had any luck, you may be dealing with a couple of the largest homeowners insurance deal breakers in the state of Florida on your property.
Though the insurance companies are getting better and better at ensuring just about anyone and everyone that wants to take advantage of the protection that they provide, the truth of the matter is there are a number of potential issues that some properties in Florida have built right in that make them very risky propositions.
The list below is nowhere near complete or comprehensive, but here are just three of the biggest Florida homeowners insurance deal breakers you need to be on the lookout for.
An improperly installed fuse panel
The very first thing that you need to look for is a fuse panel that has been installed in properly in your home or commercial building.
There are a number of very specific electrical building codes that need to be adhered to, and whether or not your home is brand-new or has been in Florida for 100 years or more, it needs to be in line with these new building codes or you will not receive the Florida homeowners insurance you’re looking for.
Not only should you speak with a professional electrician to have a look at your fuse box I had of time, but you should also consider the cost of upgrading a properly installed fuse box into the “final figure” of your home’s purchase price – even if you do not end up making the upgrade down the line.
Old and outdated electrical wiring throughout your home
Another major issue that you need to be on the lookout for (and something that has to do with the other part of your electrical system) is any instances of old and outdated electrical wiring throughout the home.
If your home or commercial building has any knob and tube wiring or aluminum branch wiring, you are going to deal with some serious hassles and headaches when it comes to trying to get the Florida homeowners insurance you need to protect your purchase and investment.
Again, you’re going to want to consider completely rewiring your entire home (not only to get the Florida homeowners insurance you need, but also to protect your loved ones and your property) – so figure this into the final cost of your home as well.
A roof with less than three years left of “life” on it
Last, but not least, you need to be sure that your roof has at least four years or more of “life” left on it – or you’re in for a serious problem.
Most roofs have lifecycles of anywhere between 15 and 30 years, and there are a number of different factors that come into play to calculate just how much life is left. Make sure that a professional has done that for you, and can prove it in documentation that you provide to your Florida homeowners insurance company.