If you're lucky enough to live in West Palm Beach, Florida, you live close to beautiful beaches, lots of shopping, and plenty of recreational activities to keep you busy year round.
But West Palm Beach is also prone to hurricanes, with residents (and their homes) feeling the effects each hurricane season. As a result, their checkbooks will feel the effects too--Florida consistently ranks one of the most expensive places to insure a home, mainly due to the high costs associated with hurricanes and hurricane damage.
If you're shopping for West Palm Beach insurance quotes, it's important to make sure you're adequately covered.
West Palm Beach Insurance Basics
Knowing what is and what isn't included in your insurance can help you save money and make sure you have enough of the coverage you need:
- Hurricane coverage. Each year, many hurricane victims learn the hard way that their insurance didn't adequately cover them from hurricane damage. Homeowners insurance policies exclude hurricane damage, which can range from wind damage to severe flooding. Even if your policy covers hail damage, chances are there is an exclusion that doesn't cover hail from hurricanes. Check your policy carefully to make sure you know what is and isn't covered. There is hurricane insurance you can buy, but it typically only covers damage by wind.
- Flood coverage. You must purchase flood insurance separately from the National Flood Insurance Program, a branch of FEMA. This coverage varies in price, depending on your location, whether you want to insure the contents of your home, and if you have a basement or not. Flood insurance will cover flooding resulting from a hurricane, so it is essential you include this type of coverage in your West Palm Beach insurance quotes.
- Contents coverage. Because your homeowners policy typically reserves a certain percentage of your home's coverage amount for the contents of your home, if you have valuable items like jewelry or you leave large amounts of cash in your house, you will need to take out extra contents insurance to cover it.
Getting the Best Deal on West Palm Beach Insurance
There are many different ways you can lower your insurance rates without compromising your coverage. One of the best ways is to shop around and compare different rates. Netquote.com is a great source for this. You can build quotes online and then get multiple West Palm Beach insurance quotes for free in a matter of a few minutes, so you know where to find the lowest rates.