Its common to have a pet cat or a dog in your household. In fact, almost every single household owns a cat or dog. What if you have an exotic pet? What qualifies as one? Will owning an exotic pet affect my Florida homeowners insurance?
What is an exotic pet?
An exotic pet is an animal that you would not typically see as a house pet. These can include unusual reptiles, large felines such as lions and cougars, foxes, wolves, and tarantulas. Any weird pet you can think of is more than likely going to be an exotic pet.
Can I still purchase a Florida homeowners insurance policy?
If you are an exotic pet owner, it is crucial to understand how it will affect your homeowners insurance in Florida. Insurers operate solely on risk according to https://floridainsurancequotes.net/florida-homeowners-insurance/. The higher the risk you are, the higher your premiums. Exotic pets will raise your risk to insurers. Therefore, you could face higher premiums or risk being denied.
Always be sure to read the fine print of your policy before purchasing it. Most companies out there will not include coverage for an exotic pet, so it’s important to read each section of your policy carefully.
If you find an insurer that provides coverage for your exotic pet, start shopping and comparing each company carefully. If you don’t know if a company can provide the coverage you need, be sure to look at their exotic pet species index. To help get you started on your FL homeowners insurance search, follow the tips provided below.
Step 1 – Shop Around
The cost you could end up paying for home coverage can vary up to hundreds of dollars. It greatly depends on the type of insurance company you buy from. Shopping around is the first step to better rates. It may take some time but you could save a large sum of money. Be sure to shop and compare online by collecting some Florida home insurance quotes at https://floridainsurancequotes.net/florida-homeowners-insurance/. Always be sure that while shopping around at different companies that you closely compare them. Reviewing these companies closely will help you determine which one can professionally provide you with the best service.
Step 2 – Raise your deductible
Your deductible is considered to be the money that you have to pay before insurance coverage kicks in. The higher you make your deductible, the more money you can save each month on monthly premiums. Today many companies will recommend that you set your deductible to $500. Did you know that if you can raise your deductible up to $1,000 you can save up to 25% percent?
Step 3 -Try to not confuse what you paid for your Florida home with rebuilding costs
The land that is under your home isn’t at risk to perils. You do not need to include its value when deciding on how much home coverage to buy. Try not to confuse the two.
Step 4- Try buying your FL home and auto policies together
By bundling your home and auto policy together, you will be able to save on your monthly premiums. It’s really a great way to save according to Floridainsurancequotes.net. Many people bundle and can achieve great savings.