Contact Us: (386) 218-4951
Wellcovered Insurance
  • Home
  • Quotes
    • Quick Quote
    • Auto Quote
    • Commercial Auto Quote
    • Homeowner Quote
    • Homeowner Quote - Español
    • Flood Quote
    • Business Quote
    • Boatowner Quote
    • Umbrella Quote
    • Condo Quote
    • Renters Quote
    • Motorcycle Quote
  • Products
    • Auto Insurance >
      • Classic Car Insurance
      • RV Insurance
      • ATV Insurance
    • Business Insurance >
      • Business Owners Package (BOP) Insurance
    • Property Insurance >
      • Home Insurance
      • Condo Insurance
      • Renters Insurance
      • Flood Insurance
    • Motorcycle Insurance
    • Boat Insurance
    • Umbrella Insurance
    • Travel Insurance
  • Our Carriers
  • About
    • Agency Staff
    • Client Testimonials
    • Update Contact Info
    • Accessibility Statement
    • Refer a Friend
    • Reviews
    • Local Links
    • Blog
    • News
    • Videos
    • Careers
    • Privacy Policy
  • Contact
  • Home
  • Quotes
    • Quick Quote
    • Auto Quote
    • Commercial Auto Quote
    • Homeowner Quote
    • Homeowner Quote - Español
    • Flood Quote
    • Business Quote
    • Boatowner Quote
    • Umbrella Quote
    • Condo Quote
    • Renters Quote
    • Motorcycle Quote
  • Products
    • Auto Insurance >
      • Classic Car Insurance
      • RV Insurance
      • ATV Insurance
    • Business Insurance >
      • Business Owners Package (BOP) Insurance
    • Property Insurance >
      • Home Insurance
      • Condo Insurance
      • Renters Insurance
      • Flood Insurance
    • Motorcycle Insurance
    • Boat Insurance
    • Umbrella Insurance
    • Travel Insurance
  • Our Carriers
  • About
    • Agency Staff
    • Client Testimonials
    • Update Contact Info
    • Accessibility Statement
    • Refer a Friend
    • Reviews
    • Local Links
    • Blog
    • News
    • Videos
    • Careers
    • Privacy Policy
  • Contact

Do Floridians Have Enough Home Insurance?

7/17/2017

0 Comments

 
Picture
​Are you aware that most Floridians do not have enough home insurance? It is true. Even though home insurance is a necessity for every household, a lot of people do not have the appropriate coverage. Read on so you can find out why you want to be properly covered.
​According to Marshall & Swift/Boeckh, the leading provider of data on building replacement cost, almost two out of three homes in Florida do not have enough insurance. Underinsured means that the homeowner does not have enough insurance. That insurance can only pay for 78% of the cost to rebuild or replace their homes.

It is a startling statistic. One of the reasons behind this is that most homeowners do not increase or update the coverage. They should do this for their homes now and then. Whenever owners improve and remodel their homes they don't usually call their insurance agent so that they can update their coverage.

The surge in the prices of labor, energy and building materials is also a contributor. All these can increase their replacement cost by more than 7 percent since the year 2001. If you were in that home for five years, the insurance of your home might go down to two-thirds of the home's coverage.

There are lots of agents who give quick quotes so they can close a sale. The lack of training that can hamper the accurate assessment of the value of the homes that they insure. They usually rely on over-the-phone interviews. These meetings can provide an estimated amount of coverage for the home of a customer. Homeowners may end up purchasing a low-priced coverage. They create a mistake when they believe that this can replace their home in case there is a full loss.

Doing this is not fair to the industry of insurance. It happens during the rebuilding efforts after the hurricanes. Homeowners may rebuild their homes after a storm damage of that size. They may also find themselves facing the new building code clauses. These did not exist when they created the home.

At the Wellcovered Insurance Group, we take pride in making sure our clients are well protected at prices they can afford. To learn more about how we can help you please contact our agency at (386) 218-4951 or Click Here to request a free quote.
0 Comments



Leave a Reply.

    Contact Us

    (386) 218-4951
    1810 S Volusia Ave Ste D
    Orange City, FL 32763

    Click Here to Email Us

    Archives

    June 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    April 2015

    Categories

    All
    Auto
    Auto Insurance
    Business
    Business Insurance
    Car
    Car Insurance
    Commercial Insurance
    Contractor Insurance
    FAQs
    Financial
    Home
    Home Insurance
    Insurance
    Life Insurance
    Local
    Safety

    RSS Feed

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Privacy Policy
Agent Login

Social Media

Facebook
LinkedIn
​Instagram

Contact Us

Wellcovered Insurance
1810 S Volusia Ave Ste D
Orange City, FL 32763

(386) 218-4951
Click Here to Email Us
Get Driving Directions