Having a pet cat or a dog in your household is common. Almost every single family owns a cat or dog. However, 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 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/. Therefore, the higher the risk you are, the higher your premiums. Exotic pets will raise your chance with insurers. Consequently, you could face higher premiums or risk having a claim denied.
Always be sure to read the fine print of your policy before purchasing it. Most companies will not include coverage for an exotic pet, so you must read each section of your policy carefully.
If you find an insurer providing coverage for your exotic pet, start shopping and carefully compare each company. Look at their unknown pet species index if you don’t know if a company can provide the coverage you need. Then, follow the tips below to help get you started on your Florida homeowners insurance search.
Step 1 – Shop Around
The cost you could pay for home coverage can vary up to hundreds of dollars. It greatly depends on the type of insurance company you buy. Shopping at Florida Insurance Quotes is the first step to better rates. It may take some time, but you could save a significant sum. Shop and compare online by collecting some Florida home insurance quotes at FloridaInsuranceQuotes.net. Always be sure that while shopping, you compare different companies. Reviewing these companies will help you determine which can professionally provide you with the best service.
Step 2 – Raise Your Deductible.
Your deductibles are the money you must pay before insurance coverage kicks in. The higher you make your deductible, the more money you can save each month on premiums. For example, many companies today recommend setting your deductible to $500. But did you know that if you raise your deductible to $1,000, you can save up to 25% percent?
Step 3 -Try Not To Confuse What You Paid For Your Florida Home With Rebuilding Costs.
The land that is under your home isn’t at risk of perils. Therefore, you do not need to include its value when deciding how much home coverage to buy. Try not to confuse the two.
Step 4- Try Buying Your Florida Home And Auto Policies Together
You can save on your monthly premiums by bundling your home and auto policy. It’s yet another way to lower your premiums at https://floridainsurancequotes.net/florida-homeowners-insurance/. As a result, many people bundle and can achieve significant savings.