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How to Lower Florida Homeowners Insurance

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Insurance – something you most likely don’t like shopping for and don’t think about until you need it. When shopping for homeowners insurance, most are looking for low rate insurance. There are certainly dangers of buying cheap insurance, however, there is nothing wrong with trying to get an affordable policy if it is a right fit for you. So, if you are looking for ways to lower your Florida homeowners insurance, below are 5 ways to do so.

How to Lower Florida Homeowners Insurance

Low Hanging Fruit

First off, there are things you can do to mitigate risk and make your property more disaster resistant. Contact your local insurance agent to discuss your property and ask for advice on steps you can take to make your home more resistant to major storms and other natural disasters. Some suggestions may be extremely low or no cost, while other may take a bit of investment. You’ll need to weigh the cost of any updating against the potential long term savings to decide on what truly is a priority.

Some suggestions your agent may provide to you could be:

Raise Your Deductible

Deductibles are the amount of money you pay in the event of a loss before your insurance company starts to pay your claim. By raising your deductible, you take on more of the risk and in turn, reduce your annual premium. It should be noted, if you live in a disaster-prone area, your insurance policy may have a separate deductible for certain kinds of damage. Again, speak to your agent about your options.

Properly Insure, But Don’t Over-Insure

Make sure you are covering the cost it takes to rebuild the property, not the land or covering the mortgage.

Know Your Options

We live in a wonderful digital age where you can easily shop around for not only a great price but also a great insurance company. Ask your friends, check their online presence (like website, social media and reviews) and check the financial stability of the companies you are considering.

It’s good to try and lower your Florida homeowners insurance when shopping, but don’t consider price alone. The insurer you select should offer a good price for what you need but should have a solid history of delivering quality service. This will be very important if you ever needed assistance in filing a claim. Remember, how the insurance company handles the claim is the product they sell.

Contact Your Agent

That is what they are there for! If you are looking to lower your Florida homeowners insurance premium, then your agent should be your first call. They will be able to walk you through your options above, and can offer specific advice based on your policy and situation.


Stability, Strength, Service

Olympus Insurance Company is revolutionizing the Florida homeowners’ insurance market. With quality homeowner insurance products, financial strength and superior service, you can be confident that Olympus is here to stay. Our uniquely disciplined organic growth strategy differentiates us from many other Florida insurers. The emphasis on steady, conservative expansion continually strengthens our financial position and enables Olympus to provide the finest possible service to Florida property owners. Agent or homeowner, inland or coastal, doing business with Olympus always means peace of mind.

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This article is for informational purposes only and does not form a part of, replace, change or amend any terms, conditions, provisions or language within your Olympus Insurance policy. We encourage you to read your entire policy.

Olympus Insurance is licensed by the state of Florida. Information found on this site is intended for Florida residents only.