Getting Your Feet Wet: Tampa Insurance

If you're a little wet behind the ears when it comes to understanding Tampa insurance, you're not alone. According to the National Association of Insurance Commissioners, nearly half of adults admit they get confused when deciding how much insurance coverage they need when purchasing an insurance policy. Understanding your Tampa Insurance requirements and assessing your needs will dry up any confusion when you search for affordable policies.

Homeowners Insurance

The cost of homeowners insurance is a sore topic of conversation for Floridians. In 2007, Florida was ranked as the most expensive state for homeowners insurance with premiums averaging $1,534, according to Insurance Information Institute. The lightning capital of the nation is expected to have severe thunderstorms, hurricanes, and floods, annually --words that make insurance agents cringe. Obviously, there's a high price to pay to live in the Sunshine State. Like everyone else, you want your home and its valuables to be safe. But, according to the National Weather Center, there is a 1 in 25 chance that a hurricane will hit Tampa which is something the majority of states need not worry about. By adding a hurricane deductible to your Tampa insurance policy, you can rest assured knowing you can repair or rebuild your home in the event it is destroyed from a hurricane. Your hurricane deductible can range from two to 10 percent of the insured value of your home. More factors that will affect your Tampa insurance quotes:

  • The age and structure of your home.

  • Protective devices installed like burglar alarms, smoke detectors, deadbolt locks and sprinkler systems.

  • Your claims history. Every claim you report to your insurance company will raise your premium.

Choosing Life

According to the National Weather Service, there were 70 lightning deaths between 1999 and 2008. Although chances are slim that a bolt of lightning will lead to your demise, it's good to know your family is financially secure in the event of your death.

The most common and least expensive type of life insurance is a term life policy. This type of policy will cover you for a set period of time at a guaranteed rate. If the policy holder dies during the set period, the beneficiary will receive the face amount of the policy. Other types of life insurance policies you may want to consider include: whole life insurance, which covers you for your entire life; and endowment policies, which have a fixed expiration date. Your Tampa insurance quotes will vary depending on the type of coverage you choose.

Tampa Insurance Quotes Simplified

The recession has made Americans insecure about spending money, but putting a little money toward quality insurance will safeguard you and your possessions in times of crisis. Who you choose to insure your assets can mean all the difference in the world. Instead of gathering Tampa insurance quotes on your own you may want to opt for a free service like NetQuote to do the research for you.