If you are like many other homeowners, you are being tossed in to a pool of insurance policies, i.e. Citizens and drowning in over paying for your insurance premium. Citizens and many other insurance companies allow you to submit a real estate appraisal to reflect the actual cost to replace the improvements. This would keep the land value from being included in the insurance replacement cost coverage. Land represents a very high portion of the overall value of your home.
As there is a premium for hurricane losses that represent a large portion of your overall premium, you can save several hundred dollars per year by presenting them an appraisal report. All insurance carriers use computer databases that over estimate the replacement cost of your home and if you have a loan, the lender may have required the insurance cover the loan of which includes land value. I have completed many appraisals that saved the homeowner over $1,000 per year.
We can save you hundreds to thousands of dollars on your home owners insurance. Please call today for a no obligation consultation.
(727)712-0555 or fill out the below form and we will contact you.
Associated Appraisal Group, Inc. 1457 E. Lake Woodlands Pkwy. Oldsmar, FL 34677
