Owning a home is expensive. Between the down payment, the mortgage, and homeowners insurance you're already down a big portion of your income. There are ways to save some money here though. One of the best ways to save on your homeowners insurance is with wind mitigation credits. So, what are these wind mitigation credits and how do you get them?
Insurance companies are known to be risk averse. They have to be or else they would hemorrhage money. What does that mean for you as a potential homeowner? It means that in order to get the best deal on your homeowners insurance —or to get it at all— you need to be wary of houses with liabilities. There are few greater liabilities than a faulty electrical system as while fires are not the most common type of claim, they are by far the most expensive.
With less than a month to go before the official start of Hurricane Season homeowners are scrambling to prepare. If you've lived here in Florida for any amount of time you're scrambling too because you know how serious these storms can be. Yes, there's not much longer to go but it's never too late—or too early, for that matter—to start preparing.
This is a question we hear a lot. You might not know all of the intricate details of the electrical system, but you know that aluminum wiring is bad news. Why is that? Will it affect your chances of getting homeowners insurance? Will it raise your rates? Let's answer all of these questions and get to the bottom of the aluminum wiring issue.
There are too many good people who have found the "perfect" house, hastily signed a contract, and ended up thousands of dollars in the hole just to make it livable. The truth is that what you see isn't always what you get. You may love the color of that paint, but did you know that there could be dangerous lead lurking just underneath? That's just one example of the invisible dangers that could be present in an otherwise attractive house.
4 point inspections are not as comprehensive as full home inspections but they do have some unique benefits. They are often requested by insurance companies before home purchases in order to make sure that the home you're buying, the one that they have to insure, isn't going to be a huge liability. In turn a good report can easily lead to savings on your homeowners insurance as it shows that you're less of a risk.
You've spent a lot of time searching for the right home, but how much do you really know about it? Generally, the answer is very little. A house could look superficially perfect and still be falling apart on the inside. That roof that looks pristine from the sidewalk could be nearing the end of its life. The plumbing that seems to work fine could be slowly eroding the foundation. You can never really know just by looking, and that's why you should always perform a home inspection before buying any home.
When you live in the south, especially somewhere like Florida, you start hearing a lot about protecting your home from wind each year as hurricane season approaches. Wind damage isn't limited to hurricane season, however. Wind is something that needs to be taken seriously every day of the year.
As a homeowner who has made the (wise) choice to get a home inspection before signing off on a home, you may be wondering whether or not you should try to negotiate the price based on the results. While home inspections often reveal underlying issues with a home that can be valuable bargaining chips, this isn't always the case.
4 point inspections are essentially smaller, more focused home inspections. The 4 points examined are the roof, the plumbing, the electrical system and the HVAC. They are typically performed on the behalf of insurance companies when you're trying to buy a new home.