It’s one of those documents most of us stash in a safe or in an out-of-the-way place, the document that you value and simultaneously avoid, your homeowners or renter’s insurance policy. We were all just reminded by Hurricane Irma that it is important to locate your policy and give it a read. The fact is, it’s time for your homeowner’s insurance policy’s annual checkup!
Why? Here are just a few reasons:
- Type of coverage. Is it ACV or Replacement cost? ACV stands for “actual cash value” which means depreciation is deducted in the event of loss.
- Liability limits.
- Accurate inventory. As your possessions come and go, they need to be reflected in the policy. This is where over-insuring is most commonly spotted.
- Deductible. The amount of deductible in your Miami homeowners or renter’s policy is where you can reap significant savings…if you are willing to absorb more of the expense should a loss occur.
- Discount. If you have more than one type of insurance policy with the same company or are a long-term customer with few claims, you might qualify.
I know this isn’t the fun topic people want to think or read about, but we, in South Florida, know how important it is!
My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.
Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!
Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.