The Emerald Coast of the Florida Panhandle is without a doubt one of the prime vacation spots in the world. At the heart of it all is Destin, FL, “the world’s luckiest fishing village” that has grown into a thriving town. It’s a great place to own a home, whether as a primary residence or a vacation home. To own a house here is to insure a house, and finding the right Destin home insurance is not easy. Navigating the choices you have to make it a lot simpler when you talk to an Independent Insurance Agent.
Because these agents are based right here in Destin, they know the best carriers to handle your city and can shop around for multiple quotes. This allows you to do your own comparison with the help of an experienced adviser and rest easy knowing you have the most affordable insurance for your home. Insuring a home in Florida is a bit more expensive than average, as shown in these statistics from recent years:
- Nationally, homeowners spent $1,034 per year on insurance.
- In Florida the average was $1,103.
- The state was 14th overall in cost.
There are many things you can do to keep your Destin home insurance cost down. The most important is to be protected from hurricanes by having approved storm shutters and a reinforced roof that will not be carried off. Your insurance will also be lower in a gated community or multifamily development like a condominium complex because there is security around all the time. Many things are considered, especially the size and condition of your house. Every policy is as unique as the home it is insuring.
Second Home and Vacation Home Insurance
More and more vacation homes are being built by people who want to get away from the hustle of big cities and unwind in Destin. Preferably, these vacation homes should be insured to the same coverage level as a primary residence, but owners often elect to keep their costs down by cutting back on insurance. The most common way is by owners not insuring the contents of the home, thereby taking on the risk of theft or other loss themselves.
The biggest concern for second homes is that no one is around all the time to keep an eye on them. Your insurance will be much lower on a home occupied only part of the year if you have a security system in place and a trusted neighbor or security guard in the community. Check with an Independent Agent to see how else you can save on your second home insurance policy.
Number of Thefts in Florida
Florida has a surprisingly low rate of home burglaries. The average state reported 37,814 burglaries in recent years. There were only 3,316 in Florida. Homeowners insurance covers damage to your house inflicted by a burglar in the process of breaking in. You can opt for additional coverage to protect your belongings, too. That can be covered at either current value or at replacement value, based on your needs.
Number of Catastrophes in Florida
While the Gulf of Mexico is usually serene and calm, hurricanes do come ashore from time to time. They are the largest kind of catastrophe found in the state:
- In recent years, 594 recorded catastrophes were reported in Florida.
- There were also tornadoes, with 23 were reported the same year.
- The damage from these amounted to over $210 million.
- About 1 in 15 insured homes have a claim every year.
The cleanup after a storm is a long and tiring process. Along with coverage and cost, one of the most important aspects of your insurance is its ability to pay out quickly after a storm so that you can get back on your feet again. Your Independent Agent in Destin knows which companies you can trust so that when disaster strikes you can get you back on your feet and enjoy the good life again.
What Are the Risks in Destin?
Beyond storms and theft, there are many risks to owning a home that you may not be aware of. If your home has a swimming pool, it could be regarded as an “attractive nuisance” that could injure others whether you invited them on your property or not. The same goes for a trampoline. There are many things you can do to keep the cost of homeowners insurance low such as installing a fence, however. One other thing you need to do is protect your home against flooding, which can be due to a hurricane or a severe thunderstorm. This is not usually covered by a standard homeowners policy and has to be purchased separately.
For all the choices you have to make to find the homeowners insurance that fits your lifestyle and your budget, the best place to start is with your Independent Agent. Your agent will obtain multiple quotes from reliable companies that insure homes in Destin so that you can compare and find the best Destin homeowners insurance for your home.