How to Get Affordable Home Insurance in Navarre?

Navarre; the coastal city tucked in the corner of Northwest Florida, boasts of boundless emerald waters and white sandy beaches. It overlooks the Gulf of Mexico and offers innumerable options for recreation. It is a dreamy place to live in with stunning and mystical panoramas to experience every day. Additional to this; the place offers employment opportunities, diversity, a convenient commute, a beautiful lifestyle and all of this while being affordable!

However, emergencies like fire, theft, vandalism, and disasters always come unannounced. They last momentarily but can impact you greatly. Even the possibility of natural disasters can’t be denied when it comes to Navarre which has close proximity to the waters. Additionally, property crimes in Navarre slightly peak above the US average. The US average being 35.4 and Navarre Beach property crime being 37.4. There’s a low chance of you falling prey to any of these surprises but what if you do? You will run into a financial strain and keep losing money as you try to recover from your losses. This is why home insurance is crucial.

Home insurance covers physical damage to the house due to any natural disaster or calamities like fires, floods, earthquakes and burglary or theft of items. They have the potential to keep you afloat financially by covering your costs and compensating for your losses. So, it’s very important as soon as you finalise your house deal in Navarre, you should also look for an appropriate insurance policy for the same.

Home insurance policies vary from bank to bank and so do their premiums. Typically, home insurance can be expensive. So how can you get affordable home insurance in Navarre?

Read on to know!

1] Shop Around

Do not settle on the first home insurance policy that you stumble upon. Make sure you shop around and get an idea of price ranges. The average home insurance rate in Florida is $3,643. Having a realtor as your ally in the process can make your task simpler since he will be well-versed with relevant risks to insurance in your area. Additionally, he will be well-connected and familiar with local insurers who offer fair prices and deliver quality service. Surely shopping around and looking at alternatives will be mildly time-consuming but you just might get an unexpected deal and save a lot of money.

2] Maintain a good credit score

Your credit history plays a huge role when you avail of insurance. Many insurers refer to your credit score before deciding upon a price for the insurance policy. To maintain a good credit score, adopt good financial habits like paying bills timely and keeping credit balances to the minimum or even negligible. A good credit score can cut your insurance costs to a staggering figure.

3] Bundle up insurance policies and ask for discounts

Many insurance policies come with discounts but you won’t be informed of them unless you enquire about them. So, make sure you ask about discounts on various insurance products and we assure you that you will find at least one that applies to you or even more than one if you are lucky enough.

Another prominent strategy is bundling up insurance. If you get a combination of insurance like vehicle insurance paired up with home insurance, you will in all probability receive a discount on the premium and save money up to 15%.

Lastly; if your house is well-protected by a security system, is disaster-resistant, is not prone to fires, the neighbourhood has low-crime risks all while you have a great credit score; you can demand to pay less on your premiums.

4] Increase the amount of deductibles

Deductibles are pre-payments made to the insurers before the insurance company starts to pay a claim; adhering to the policy. Once you pay a higher deductible, your premiums will be significantly low. Most companies recommend paying a deductible of a minimum of $500. If you are doing well financially; you can pay a deductible of up to $1,000 thereby saving as much as 25 per cent. In case you live in a disaster-prone area, insurers will charge separate deductibles for peculiar damages.

5] Ask about how your insurer pays out on claims

This is a factor most people overlook when it comes to availing of insurance. Make sure you deviate from the lot and ask about how the claims are paid out. Are they paid on actual cash or replacement value basis? The preferences here might be greatly subjective so look for an insurer who is flexible and lets you decide the basis of the claim.

6] Buy a policy with good hurricane coverage

Florida; the state has a surge of named storms every single year. Navarre; specifically; being a low-elevation community has a constant threat of hurricanes. It has a history of severe hurricane damages in the years- 1995, 1998, 2004, 2005 and 2020. Therefore, do not miss out on hurricane damage coverage at any cost.

There are several factors like the home’s square footage, building costs in your area, and local crime rates that will influence your home insurance rates. Using the above-mentioned facets, you can find affordable home insurance in Navarre, which will get you all the coverage you need to start a safe and happy life!

John Otero

John Otero

John Otero is an industry practitioner with more than 15 years of experience in the insurance industry. He has held various senior management roles both in the insurance companies and insurance brokers during this span of time. He began his insurance career in 2004 as an office assistant at an agency in her hometown of Duluth, MN. He got licensed as a producer while working at that agency and progressed to serve as an office manager. Working in the agency is how he fell in love with the industry. He saw firsthand the good that insurance consumers experienced by having the proper protection. John has diverse experience in corporate & consumer insurance services, across a range of vocations. His specialties include Major Corporate risk management and insurance programs, and Financial Lines He has been instrumental in making his firm as one of the leading organizations in the country in generating sustainable rapid growth of the company while maintaining service excellence to clients.