It’s not always sunny in Florida
Florida is one of the world’s dream destinations to live in: incredible weather, all year round – providing that you can stomach the incredible heights that the temperature reaches in summer – great tourist attractions, beautifully open boulevards, fantastically inviting accommodation. And, given the exciting sports news hitting the region (ex-MLS star David Beckham is launching a new soccer franchise in Miami), it looks like even more people may be moving into the sunshine state in the near future and finding somewhere to live. The only problem? Florida is renowned for having difficult renters’ insurance policies and finding cheap Florida renters insurance can be difficult without help.
The region is great for businesses, with companies such as State Farm offering quite comprehensive policies for businesses at every stage of their development. Whether the company is small, large, growing, or fully matured, most insurance policies are well positioned to help business types get the most out of their situation. But State Farm don’t cover pockets of renters land. And other insurance companies leave individuals out in the cold, too, because it’s not nearly as lucrative as covering businesses.
What you need covering as a renter
Well, like every prospective client of insurance, getting cheap renters insurance in Florida right depends on the individual. An analysis must be made of the assets the person has, and therefore how much of an excess they need covering. Some plans only permit a client to have a fixed amount of electrical goods replaced – and if, for instance, a renter has a number of supremely expensive electrical items, they would obviously need a more substantial policy. Equally, they need to be sure about under which circumstances their items are covered. In a shared house, is it only items in your room – which must have been locked – that get covered? Does the policy extend into the communal spaces?
One thing that can be sure in Florida is that at some point the renter will face the wrath of the weather. Florida recently had a spate of devastating floods, which decimated entire neighbourhoods and caused sinkholes. It would only take one such ‘random’ event to occur in an area with your inadequately insured property on to cause major financial damage.
Equally, a freak storm – the national climatic center for the US found that over the course of the years 2000 – 2013, there had been one major tropical cyclone a year in Florida and financial damage totalling up to $64 billion. Again, although these events seem random, they happen frequently enough to be predictable – and not protecting yourself against predictable damage, as a homeowner (or renter) is a crazy position to put yourself in.
Ensuring cheap renters coverage
So, with such a difficult set of circumstances apparently in your way, the best thing to do is to locate a price comparison website like YourFloridaInsuranceQuotes.com that specializes in insurance and work from there. Make an exact list of your priorities and individual situation – whether it’s a shared house, the extent of the items that you need covering – and be sure to include coverage for the ‘freak’ occurrences, such as storm and flood damage. Once you’ve got that information we have enough information to find a cheap enough policy for you!