I would search the net and search on Hurricane insurance to find the lowest cost. Most home owners insurance plans have a 2% Hurricane deductible or $500, $1000, or $2,500 depending on what you choose your deductible to be when you purchase your insurance. I have one of the lowest prices homes listed on Sebastian River in Micco (Little Hollywood) which has removable hurricane shutters. You may want to shop for homes with shutters to keep insurance cost down. Thank you for the opportunity to help you find your beach property. I can be reached anytime at 352-267-7758. Thank you, Michelle Maddy
Feel free to contact us regarding any questions, comments and/or concerns you may have.
Best, Mark Palace, CEO/Founder Palace Properties International, Inc.
You are smart to be considering your options for windstorm protection when thinking of a Florida Beach side home. Your insurance costs will vary depending upon the size, amenities, age and construction of the home you are considering and it's exact location.
If the home is over 50 years old it will be required to have a 4 point inspection prior to closing (usually about $150). This covers the main operating systems of the home - roof, plumbing, A/C and electrical system.
I am attaching a link to the Florida Office of Insurance Regulation. I think you will find the information here beneficial. If you follow the links it will take you to local insurance agents and you can get an online figure for insurance.
On the website there is information about My Safe Florida Home Program. Homesteaded properties are eligible for a wind mitigation inspection of the home, at no cost. It is conducted by a certified inspector for the State of Florida and it includes 8 questions about the property, namely the roof, trusses and any gable reinforcements. One question pertains to the type of shutters (if any) that are included with the home. We are seeing homeowners saving anywhere from $200 to over $400 a year on their premiums, depending on the outcome of the inspection!
Best wishes to you,
Sandy Shores, Realtor
M & M Real Estate Inc.
Residential & Investment Property
Serving Melbourne, Palm Bay, Viera, Rockledge, Indialantic, Ind. Harbour, Satellite & Melbourne Beaches
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