When you buy a home on 30A, you’ll end up buying homeowners insurance, too – but here’s what you need to know as you shop for a policy.
3 Things to Know About Your Homeowner’s Insurance Policy
Homeowners insurance companies are in the business of collecting your cash – and cash from other policy owners – and will replace your home if it’s destroyed or damaged. But here’s what else you need to know:
- Flood insurance is totally separate
- You shouldn’t use your insurance for maintenance problems
- You’ll have to let your insurance agent know if you remodel
Flood insurance is typically a separate policy from the one you use to insure your home. The closer you are to the shore, the more it’s going to cost, too.
Using Homeowners Insurance for Maintenance Issues
Save your homeowners insurance policy for repairs – and only repairs that your deductible won’t cover. If you make a claim, your premium might rise… and multiple claims might result in the company canceling your policy.
Let Your Insurance Agent Know if You Remodel
A lot of us buy a home and then make big renovations or remodel. If you do that, call your insurance agent. First, you want to make sure anything that goes wrong is covered under your policy, and second, some renovations can affect the value of the home. A new roof, for example, might lower your premiums – but a new pool could cause them to go up.
Are You Buying a Home Along 30A?
If you’re thinking about buying a home for sale on 30A, we can help you. Call us at 850-213-3048 to tell us what you’re looking for – we can help you find it.
In the meantime, check out all our listings or get specific with these links: