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The Five Cs of Homeowners Insurance, Part 2: Customization

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What customization options does your homeowners insurance policy allow? Do you have options for customization at all? Being able to tailored your standard homeowners (HO3) policy to fit your unique insurance needs is part of what makes Olympus Insurance a great choice for Florida homeowners.

There are many ways to adjust your policy parameters to make your coverage the perfect fit for your home and property and the premium a perfect fit for your pocketbook. Here are six ways Olympus Insurance can help you optimize your homeowners insurance policy.

Adjustable Premiums and Deductibles

The balance between your annual premium and the size of your deductible can be maintained by sliding one up and the other down until you find a happy medium. By increasing your annual premium slightly, you can drop your deductible. Likewise, by increasing your deductible you can lower your annual premium costs. Ask your Olympus Insurance agent to help you crunch the numbers to find the balance that is right for you. 

Scheduled Personal Property Coverage

Looking for just the right amount and type of coverage for your luxury items? Listing them under a scheduled personal property endorsement helps you obtain exactly as much insurance as you need. Olympus Insurance can deliver coverage for fine jewelry, furs, art, musical instruments, upscale furnishings, and other luxury assets, and even provide automatic 90-day coverage on new items according to the limits of your current schedule.

Spartan Enhanced Coverage Package

Want to raise coverage limits across the board for your home, and personal property, and personal liability, and add coverage for potential situations not included in your HO3 policy? The Spartan Enhanced Coverage Package is available only to Olympus Insurance policyholders, and covers many losses due to incidents like power outages and sewage mishaps.

Flat Hurricane Deductible Options

Many Floridians may not be prepared if a hurricane strikes their home and they are suddenly faced with a large deductible. Your hurricane deductible is separate from your All Other Perils (AOP) deductible, and is traditionally set at 2% of the insured value of your home. On a $600,000 home, that could mean a $12,000 out-of-pocket cost. Olympus Insurance offers flat hurricane deductible options of just $500 or $1,000 to help protect you in the eventuality of a catastrophic event.

Flood Insurance

One of the most common misconceptions about homeowners insurance policies is that flood damage is covered. In fact, flood coverage is an entirely separate policy. If you live in the state of Florida, you are at risk for flood, and should ask your agent about options for flood coverage.

Being able to customize your HO3 policy to better meet your coverage needs is one thing you shouldn’t compromise on when shopping for homeowners insurance. Contact Olympus Insurance for a perfectly tailored quote today.


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.