At Viera Insurance Agency in Melbourne, FL, we understand that Florida homeowners face unique challenges when it comes to insurance. Here are some expert tips to help you save money while maintaining excellent coverage:
## 1. Annual Rate Comparison
Don’t settle for your renewal offer without shopping around. Our Melbourne-based agents at Viera Insurance can help you compare rates from multiple providers, ensuring you get the best deal without sacrificing coverage.
## 2. Consider a Higher Deductible
Opting for a higher deductible can significantly lower your premiums. Just make sure you have enough saved to cover it if needed. Our Viera team can help you find the right balance.
## 3. Review Your Dwelling Coverage
Ensure you’re not over-insuring. You only need to cover rebuild costs, not land value or inflated market prices. Our Melbourne experts can help you determine the right amount of coverage for your Space Coast home.
## 4. Maintain a Good Credit Score
In Florida, your credit score can significantly impact your insurance rates. Pay bills on time and keep your credit utilization low. Our Viera agents can provide more tips on improving your score.
## 5. Be Selective with Claims
Multiple small claims can increase your premiums or even make it difficult to get coverage. Sometimes, it’s better to pay out of pocket. Consult with our Melbourne team before filing a claim.
## 6. Invest in Wind Mitigation
Florida’s hurricane risk means wind mitigation improvements can lead to substantial savings. Our Viera experts can guide you on which improvements offer the best return on investment for your Melbourne area home.
## 7. Install Safety Features
Security systems and monitored alarms can sometimes earn you discounts. While the savings might not offset the cost of installation, these features provide valuable protection. Let our Viera team know about any safety features in your home.
## 8. Adjust Personal Property Coverage
You might be over-insured on personal property. Our Melbourne agents can help you determine the right amount of coverage and explain the pros and cons of replacement cost vs. actual cash value coverage.
At Viera Insurance Agency, we’re committed to helping Space Coast homeowners find the right balance between comprehensive coverage and affordable premiums. Contact our Melbourne office today to explore how these strategies can work for your unique situation.
